The Monetary Board, in its Resolution No. 792 dated 26 May 2011, approved the revised rules and regulations governing the mandatory credit allocation for agriculture and agrarian reform credit to implement the provisions of Republic Act (R.A.) No. L0000 dated 23 February 2010, The Agri-Agra Reform Credit Act of 2009. Download the Full Circular …
But bank officials claim mandated lending may be bad for business By: Michelle V. Remo Philippine Daily Inquirer Monday, September 5th, 2011 The Bangko Sentral ng Pilipinas has issued the necessary guidelines to implement the new and stricter Agri-Agra law amid protests from the country’s banking sector. The law’s amended version, Republic Act No. 10000, calls for stricter implementation of the provisions …
The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
