News Compendium on Storify
For the latest compilation of trending topics on innovative projects and activities benefiting rural banks worldwide, follow RBAP on Storify. [View the story “Latest news and trending topics on RBs” on Storify]
January 2012
Article on cooperation between DA and Rural Bankers on Phil Star
Efforts by rural bankers to provide better credit access to farmers and fisherfolk was again featured in the business section of the Philippine Star. The article, published on January 29, reported the fruitful meeting between the officers of RBAP and Secretary Alacala of the Department of Agriculture. Aside from the varied measures and fund guarantees …
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Deposits up in Q3 2011
Another good showing for the rural banking industry as the Philippine Deposit Insurance Corporation (PDIC) reports a significant increase in the total level of deposits. As of third quarter in 2011, total deposits in RBs increased by 4.1% from P119.5 billion to P124.4 billion. Based on the general breakdown for all banks (commercial, thrift, rural, …
RBAP delegation pays courtesy call to Sec. Alcala
RBAP officials led by President Ian Eric S. Pama and Executive Director Vicente Mendoza recently held a meeting with Secretary Proceso J. Alcala and Undersecretary Fleta of the Department of Agriculture to discuss measures on how the DA’s office can effectively support and strengthen its’ partnership with the rural banking industry. The two parties …
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RBAP supports restoration campaign
Proponents of the Save the Ifugao Rice Terraces Movement can now count on the support of RBAP as the association recently pledged its intention of donating 25,000 pesos, which will be used to purchase a mechanical grass cutter for the rehabilitation of the terraces. Members and trustees of the RBAP board unanimously gave their resounding concurrence …
Circular letter No. 2012-08 on Resolution No. 83 of the Anti-Money Laundering Council
This is to inform everyone of RN 83, detailing the decisions and recommendations authorized by the Anti-Money Laundering Council. Stipulated in said document are the following: 1. Approval of the Revised List of Transaction Codes; 2. Authorizing the secretariat to evaluate and approve any request for addition of transaction codes to the transaction library with …
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Circular No. 745
Please be advised that Subsection 4306Q.5 of the Manual of Regulations for Banks has been amended, pursuant to Monetary Board Resolution No. 1952, dated 27 December 2011. The amendments cover the reporting requirements for write-off of loans, other credit accomodations, advances and other assets. C745 View more documents from RBAPAT54
Revised Rules on offenses, fines, and procedure in Administrative Investigations
To all Rural Bankers, please be advised of the approved promulgation on the revised PDIC Rules on Administrative Offenses, fines and procedure in Administrative Investigations. This regulatory issuance is pursuant to Section 21 of RA No. 3591, as amended (the “PDIC Charter”), the Board of Directors of PDIC, by virtue of Resolution No. 2011-12-259 dated …
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AMCLS reports on suspicious transactions
Please be informed of the latest circular of the Anti-Money Laundering Council, pursuant to Resolution No. 120 dated 18 October 2011. As stipulated in the resolution, all covered banking and financial institutions are required to submit reports on any suspicious transactions involving Egyptian officials from he former government of Hosni Mubarak. For more details on …
Repost: 2012 RBAP Convention in Boracay
The Rural Bankers Association of the Philippines, in cooperation with the Iloilo Federation of Rural Bankers, is pleased to announce the holding of the RBAP National Annual Convention at the Boracay Regency Hotel from May to 24 – 25 , 2012. For other upcoming news and updates, we encourage all to continuously monitor the RBAP …
Memorandum on Acceptability of new land titles
This is to notify all concerned banks of Memorandum 2012-004 on the criteria for acceptability of new land titles with Presidential decree no. 1271 Annotation as underlying collateral for loans offered for rediscounting with the BSP. It is however, subject to the following conditions: 1. That the land titles submitted specifically state that the original …
CIR Credit Risk Mgmnt Training for Bank Officers -Feb 17, 2012
FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman Dear Fellow Rural Bankers: As part of Rural Bankers Association of the Philippines (RBAP) continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will start conducting seminars on Credit Risk Management. Course Title: One-Day …
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Revised reportorial requirements on Microfinance operations
This is to notify all rural banks, engaged in microfinance operations, of the amendments on the reportorial requirements under Circular No. 607 dated April 30. 2008. The thrust to amend or revise was due to the introduction of new microfinance products and, likewise, the growing exposure of banks, particularly universal and commercial, in wholesale MF …
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Call for posting of Balance and Consolidated Balance Sheets
As per CL-2012-02, all banks are encouraged to post the above-mentioned documents, in accordance with the revised forms and guidelines under CL 576, Memorandum Number 2007-030 and, Memo no. 2008-005 To secure a copy of the latest circular, kindly download the document from RBAP’s slideshare account. Thank you. Cl002 View more documents from RBAPAT54
Circular on opened and re-opened banking offices
For your perusal and personal records, the attached BSP file contains information pertaining to the approved applications for new banking offices, which opened and reopened during the 3rd Quarter of 2011. Thank you. Cl005 View more documents from RBAPAT54
