March 2012

Updates on Hotel Accommodation for the Annual National Convention in Boracay

To all rural bankers who are interested in booking a room at the Boracay Regency Hotel, we regret to inform you that all  rooms  (i.e Superior, Deluxe and Family) specifically reserved for RBAP members banks are now fully booked, as of March 19, 2012. We will however try our best to look for an alternative …

Updates on Hotel Accommodation for the Annual National Convention in Boracay Read More »

Philippine Star reports arraignment of former Legacy Executive

The former executive of the failed Legacy Bank, one of those accused of misappropriating funds of the Rural Bank of Carmen, was finally arraigned in the city of Danao in Cebu after being nabbed in Bohol last month. For more on this exclusive news by Mr. Lawrence Agcaoili, go to the website of the Philippine …

Philippine Star reports arraignment of former Legacy Executive Read More »

RBAP launches SMART Money Accreditation Training Course

The highly-anticipated SMART Money Accreditation Training Course for rural banks was finally launched in historic Intramuros by the Rural Bankers Research and Development Training Foundation, in partnership with SMART Communications Inc. and RBAP’s Microenterprise Access to Banking Services-USAID program. For one whole day last March 9, representatives  from various Luzon based RB’s immersed themselves in …

RBAP launches SMART Money Accreditation Training Course Read More »

Conversion of Liberty Savings Bank into a Rural Bank

This is to inform all rural bankers of the conversion of Liberty Savings Bank into a rural bank, stipulated in Circular Letter 2012-018 of the Bangko Sentral ng Pilipinas. Under its new SEC-approved corporate name, Liberty Savings Bank will now be known as Liberty Bank (a Rural Bank) Inc.  It will start operating as a …

Conversion of Liberty Savings Bank into a Rural Bank Read More »

AMLA Seminar: BSP Cir 706 -UARR – Apr 13, 2012

FOR        : ALL PARTICIPATING RURAL BANKS FROM    :  MA. CORAZON L. MILLER, Chairman SUBJECT :   AMLA SEMINAR :BRIEFING ON BSP CIR. 706 – UPDATED AML RULES AND REGULATIONS Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), …

AMLA Seminar: BSP Cir 706 -UARR – Apr 13, 2012 Read More »

“Philippine Economic Briefing: Pushing forward on all fronts”

2012 is turning out to be another good year for the country, as evidenced by the better than expected forecast reports presented by the government during the Economic Briefing at the PICC last March 6. Unbeknownst to many, three of the world’s respected rating organizations such as Fitch, Standard and Poor and Moody’s have recognized …

“Philippine Economic Briefing: Pushing forward on all fronts” Read More »

Rectified link for IT Profile Template

For those rural banks that have been attempting to access the sample template from the BSP website, please use the following link, as specified in the corrected Memorandum 011. http://www.bsp.gov.ph/frp/templates Once you’ve reached the site, please use your FRP Code. Please click the link to download the corrected memorandum.  Corrected Copy Thank you.

CLOSED–FRP Seminar -March 30, 2012

FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman SUBJECT : FINANCIAL REPORTING PACKAGE SEMINAR Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will conduct a seminar described below as part of its continuing strategy to strengthen …

CLOSED–FRP Seminar -March 30, 2012 Read More »

Amendments on risk weighting of bank loans guaranteed by AGFP

Circular 750 of the Bangko Sentral ng Pilipinas hereby states the  amendments on certain provisions of the MORB on the risk weighting of bank loans to the extent guaranteed by the Agricultural Guarantee Fund Pool, in accordance with the Resolution 276 of the Monetary Board. Particular attention should be given on the amendments under (1) …

Amendments on risk weighting of bank loans guaranteed by AGFP Read More »

Guidelines in Strengthening Corporate Governance

To all rural bankers, pleased be informed of the recently issued Circular 749 or the approved Guidelines in Strengthening Corporate Governance in BSP supervised Financial Institutions.  Pursuant to Resolutions 111 and 227 of the Monetary Board, the 29-page circular stipulates the amendments on the Manual of Regulations for Banks under Subsections X141, X142, X174 to …

Guidelines in Strengthening Corporate Governance Read More »