Slider
Slider

Archives for April 2012

Limits on borrowings of LGUs

In accordance with MB Resolution No 7, all banks are advised to require the submission of Certificate of Net Service Ceiling and Borrowing, issued by the Bureau of Local Government on Finance from an LGU-borrower, as instructed by the Executive Director of said bureau in her letter dated February 7, stating that banks and other lending institutions should exercise due diligence in the granting of loan to LGUs by reviewing their paying capacities and the viability of projects to be funded from the proceeds of the loan…since the BLGF cannot legally impose a cap  on LGU borrowings. These limitations are evident in the formula stipulated in the Computation for Debt Service and Borrowing Capacity, which explains, among others, the maximum amount that an LGU can appropriate for the payment of obligations.

To know more about the computation breakdown and details of the circular letter, please click the attached link  cl030.

This circular letter was issued on 27th of April for guidance and strict implementation.

 

Circular on granting of Full Trust License

This is regarding the recently issued Circular 756 on the granting of Full Trust License and Investment Management Authority, please take note of the following amendments on X414.1 and X414.2 (d), or on the subsections on Required Capital and Prerequisites for engaging in investment management activities of the Manual on Regulations for Banks.

The modifications are as follows:

Subsection X414.1 Required Capital

Banks applying for authority to perform investment management activities must have minimum capital accounts of not less than 300 million or such amount as may be required by the BSP.

As for Subsection X414.2 Prerequisites for engaging in investment management

A bank before it may engage in management activities shall comply with item d, which states that the applicant shall also meet the additional requirements under Subsection X404.3 d to m.  “Compliance with the foregoing as well as with other requirements under existing regulations shall be maintained up to the time the investment management authority is granted.  A bak that fails in this respect shall be required to show compliance for another test period of the same duration.

To view the full circular, please click the attached link:  c756

This circular will take effect 15 days after its publication in the Official Gazette or any national broadsheet.

 

 

CLOSED–Corp Gov Seminar – May 16-17, 2012 Intramuros, Manila

FOR		: ALL PARTICIPATING RURAL BANKS

FROM  	:  Ma. Corazon L. Miller, Chairman

SUBJECT	: CIRCULAR LETTER: SEMINAR-WORKSHOP ON
                   CORPORATE GOVERNANCE & RISK MANAGEMENT
                                      FOR RB DIRECTORS

Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to
announce that it will conduct a seminar-workshop, as part of its
continuing strategy to strengthen the rural banking industry.

Course Title:	Seminar-workshop on Corporate Governance
                              & Risk Management for RB Directors
Venue:	RBAP Conference Room, RBAP Bldg., A. Soriano Ave.,
		Cor. Arzobispo St., Intramuros, Manila
Schedule:	May 16-17, 2012 (Wednesday-Thursday)
Duration:	2 days (8:30AM – 5:30PM)

Pursuant to BSP Circular No. 296 prescribing the minimum qualifications of
a bank director, a director ‘ must have attended a special seminar for
board of directors conducted or accredited by BSP…That incumbent directors
as well as those who will be elected…must attend said seminar within a
period of six (6) months…from the date of their election’.

Rural bank directors are mandated by the said circular in order to improve
and strengthen corporate governance of their banks.

Registration Fee
a)	Four Thousand and Four Hundred Pesos only (P4, 400.00).
b)	Five Thousand Two Hundred Eighty Pesos only (P5, 280.00) for non-member
rural banks. To avail of the regular registration fee, non-member banks
are encouraged to apply for membership with RBAP/RBRDFI. Please call RBAP
for details.

For your reservations, kindly observe our training policies:

1.	Deadline for submission of registration is not later that May 11, 2012.
a)	Nomination form of the participant(s) duly endorsed by the bank’s
authority
b) Filled-up Participant’s Profile.
2.	A Non-Refundable commitment fee of P2,200.00 per participant (50% of
the registration fee). Payments can be remitted to the Rural Bankers
Research and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)
3.	Reservation via telephone conversation is accepted. However,
Registration Form and fee must be settled 10 days prior the seminar date
or May 04, 2012. Otherwise, reservation is considered cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund. *
b)	5 days prior to the seminar date is entitled for a half refund
c)	Participants who have paid but failed to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d)	For special cases (health, accident etc.), kindly coordinate with
RBRDFI staff for refund procedures and requirements.

Acceptance of reservation is on first come first-served basis; only thirty
(30) participants will be accommodated per session.

For your reservation, please call RBRDFI Training Officers:

     Mr. Ace M. Calang      /      Ms. Grace Dimapilis.       /      Ms.
Jesica Cepeda
Contact details: (02) 527-2969, 527-2980; 09178374604; 09178374603;
09178374599
      Emails:   training@rbap.org,  grace@rbap.org
cepedajesica_rbap@yahoo.com

Please note that this is a live-out seminar.

Thank you very much.

Download the Participant's Profile Sheet in PDF

MPB (G-Cash) Training -May 08 and May 10, 2012

TO: 		ALL MEMBER RURAL BANKS

SUBJECT: 	INVITATION TO REGISTER TO MOBILE PHONE BANKING ACCREDITATION
TRAINING COURSE FOR RBAP MEMBER RURAL BANKS

We are inviting you to participate in Mobile Phone Banking Accreditation
Training and become part of the increasing number of GCASH partner rural
banks offering mobile phone banking services to their clients and enjoy
the benefits to earn additional fee-based income from GCASH transactions,
cost savings in mobile payment and increase deposit level through mobile
phone banking services. Through Rural Bankers Research and Development
Foundation, Inc. (RBRDFI) together with RBAP’s Microenterprise Access to
Banking Services (MABS) Program and G-Xchange, Inc. (GXI), subsidiary
company of Globe Telecom the accreditation training will be conducted on
the following dates and venue:

Date	Venue	Target Banks
May 08, 2012	RBAP Conference Room, Manila	NCR Banks
May 10, 2012	Crown Plaza Hotel, Naga City	Bicol Federation of Rural Banks

GCASH is an electronic money platform of Globe Telecom that turns your
cellphone into an electronic wallet. With GCash, Globe and Touch Mobile
subscribers can perform mobile phone banking functions such as deposit,
withdraw, remittance (local and abroad) and other mobile payments through
the use of mobile phone. Rural banks can also offer payroll services and
provide their clients with a PowerPay+ card, an ATM/debit card that is
linked to their GCash wallet. For more information about G-Cash, PowerPay+
and other mobile phone banking services, please visit Globe and RBAP’s
websites at www.g-cash.com.ph and www.mobilephonebanking.rbap.org
respectively.

This training-workshop focuses on the following objectives:

1)	Accreditation Training – Interested rural banks planning to obtain
accreditation to offer cash-in and cash-out services will be assisted by
RBAP in the process of getting certification from the BSP as a bank
authorized to offer mobile phone banking services utilizing the GCash
Platform. During the training, participants will be provided a complete
set of accreditation kit and will be guided in the process of GCash
accreditation. Note that banks will still need to get a “No Objection”
letter from the Supervision and Examination Sector of the BSP before they
can complete the accreditation process. We will include a proforma letter
to the BSP in the training kit for the banks to use to facilitate their
accreditation.

2)	Refresher Course – The course will also serve as refresher course for
previously accredited rural banks who are interested in expanding and
receiving an update on the latest mobile phone banking services as well as
to learn some of the “tricks of the trade” from examples of successful
banks and their clients who are now regularly using mobile phone banking
services.

3)	Implementation Training – The course will also provide a how-to
step-by-step guide for banks that plan to initiate GCash and mobile phone
banking services.

4)	Operations and Procedures Manual – The training will also equip the
rural banks with the Mobile Phone Banking Manuals and required bank
procedures, which have been reviewed and approved by the BSP. These
procedures fulfill the BSP electronic banking requirements

Rural banks that wish to attend the training must meet only two (2)
requirements:
•	CAMELS rating of at least 3.0
•	No major exceptions noted in the latest BSP examination

The training is designed for senior officers (from Marketing,
Compliance/Audit Dept, and/or Operations) that are in the position to
cascade this training and facilitate the implementation of recommended
procedures within the bank. Each bank is allowed to send up to 3
participants. Please note that the training will be limited to the first
40 participants who register for the course. Additional slots may be
available and are subject to space availability on a first come, first
serve basis.

The training fee is P1,400.00 per participant inclusive of materials, food
and venue. However, for those who register and pay at least a day before
the event, the early bird fee is reduced to P1,000.00 per participant.
Note that there is a minimum of twenty (20) participants in order to hold
this event. Should we be unable to meet the minimum number of
participants, you will be notified at least two days before that the
course will be moved to a later date. Please deposit your payment to the
RBRDFI Account No. 0012-1046-26 at Landbank, Intramuros, Manila Branch and
fax a copy of the deposit slip along with your confirmation to RBAP at
(02) 527-2980 or to MABS Office at (02) 400-4561 (Manila).

Attached are the training agenda for your advance information and the
confirmation sheet for your reservation. Should you have any questions,
please feel free to contact Mr. Ace Calang of RBRDFI at (02) 527-2968 to
69 or Ms. Roselle Hernandez of MABS-Manila Office at (02) 400-0971 or
0917-545-6227.

Thank you for your support and interest in this important training event.

MA. CORAZON L. MILLER
CHAIRPERSON

Download the Schedule and Confirmation Sheet in PDF 

RBAP-MABS National Roundtable 2012

The Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program is happy to announce that its National Roundtable Conference will be on June 7-8, 2012 at the Hyatt Hotel, Pedro Gil corner M.H. Del Pilar, Malate, Manila.

Listen to discussions on pricing transparency and other regulations affecting microfinance. Share your own experiences as research findings on multiple lending are discussed by research investigators.  Take away lessons from your fellow rural bankers using information tools to improve their operations. Have yet to decide whether to use or not an existing credit bureau? Listen to your fellow rural bankers discuss how using the credit bureau has helped them avoid high risk clients.

Do you use SMS, Facebook, Tweeter and other social networking sites to interact with your clients? Hear Ms. Maria Ressa, CEO and Founder of Rappler, Mr. Hans Roxas Chua, past president of Mobile Marketing Association of the Philippines, and others on the panel for a discussion on the creative uses SMS and social networking tools for your bank to reach more clients.

Been wondering what happens to RBAP-MABS Program going forward? Come to the National Roundtable to hear the plan for expanding RBAP-MABS training and technical assistance activities.

We have lined up interesting resource speakers, panelists, and rural bankers that will generously share their experiences.

And, of course, your bank’s EAGLE Scorecard for 2011 will be available.

There is more. Join us in celebrating the 15th year of the USAID-supported RBAP-MABS Program on the evening of June 7. Find out who the 2011 EAGLE Awardee is.

Been reporting to the MIX Market? Come and join Ms. Liz Larson on stage to be recognized during the awards ceremony.

The National Roundtable Conference is the only event which gives you updates and developments in new microfinance regulations, microinsurance, mobile banking technology, market research, and microfinance services.

Wait no longer!  Contact us today to learn more about attending and participating at the NRT 2012.

 

Updated Rules Implementing the Truth in Lending Act

With the effectivity date of the Truth in Lending Act fast approaching, we would like to call all member RBs to review the recently issued circular on the modified and updated Rules Implementing the Truth in Lending Act to Enhance Loan Transaction Transparency for Non-Bank Financial Institutions (NBFIs) under BSP Supervision, and Penal Provisions on Banks and NBFIs for Non-Compliance with the Applicable BSP Rules and Regulations.  Kindly take note of the changes in the numberings, modified wordings and new subsections, which as stated above, help enhance transparency.

Particular attention should likewise be given to Section 7 of the Sanctions for non compliance, stipulating the new subsection X307.5 that will be added under the MORB and the amendments under the renumbered x320.16.   The sanctions under the new subsection, in addition to the penalties under Republic Act 3765, are as follows: (1) First Offense: Reprimand the erring officers; (2) Second Offense: Reprimand the entire BOD; (3) Subsequent offense, suspension of erring officer or entire members of the BOD and restriction on lending activities.

To download the 16 page circular and sample disclosure form, kindly click RBAP’s Slideshare account link.

For your information and guidance.

C754

View more documents from RBAPAT54

Internal Control-Internal Audit -May 18, 2012

FOR	: ALL PARTICIPATING RURAL BANKS

FROM  	: MA. CORAZON L. MILLER, Chairman

SUBJECT	: INTERNAL AUDIT/INTERNAL CONTROL 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
the rural banking industry:

Course Title:	Internal Audit/Internal Control Seminar

 Speaker :	        CARLOS LANDAGAN, CPA
                        Retired Dep. Dir. of ISS Dept., Banko Sentral ng
Pilipinas

Venue:	        RBAP Conference Room, RBAP Bldg., A. Soriano Ave., cor.
		        Arzobispo St., Intramuros, Manila

Schedule:	       18 May 2012 (Friday) 1 day (8:30AM-5:30PM)

Participants:    Compliance Officer,  Accountants, Cashiers
	               Internal Auditors, Managers

Registration Fee
a)	One Thousand Eight Hundred Pesos only (P1, 800.00).♣
b)	Early bird registrants (those who pay the full amount on or before May
03, 2012 are entitled to a 5% discount or PhP1, 710.00.
c)	Two Thousand Two Hundred Pesos only (P2, 200.00) registration fee for
non-member rural banks. To avail of the regular registration fee,
non-member banks are encouraged to apply for membership with RBAP/RBRDFI.
Please call RBAP for details.
d)	This is a live-out seminar. Seminar fee includes snacks, training kit
and certificate of attendance.

For your reservations, kindly observe our training policies:

1.	Deadline for submission of registration is not later that May 15, 2012.
a)	Nomination form of the participant(s) duly endorsed by the bank’s
authority
b) Filled-up Participant’s Profile.
2.	A Non-Refundable commitment fee of P900.00 per participant (50% of the
registration fee). Payments can be remitted to the Rural Bankers Research
and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)
3.	Reservation via telephone conversation is accepted. However,
Registration Form and fee must be settled 10 days prior the seminar date
or May 07, 2012. Otherwise, reservation is considered cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund. *
b)	5 days prior to the seminar date is entitled for a half refund
c)	Participants who have paid but failed to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d)	For special cases (health, accident etc.), kindly coordinate with
RBRDFI staff for refund procedures and requirements.

Please be advised that we accept on a first-come-first-served basis with a
manageable level up to thirty (30) participants only.

For your reservation, please call RBRDFI Training Officers:

Mr. Ace M. Calang      
Ms. Grace Dimapilis.       
Ms. Jesica Cepeda

Contact details: (02) 527-2969, 527-2980; 09178374604; 09178374603; 
09178374599
      
Emails:   training@rbap.org,  grace@rbap.org, cepedajesica_rbap@yahoo.com

Please note that this is a live-out seminar.

Thank you very much.

Download the Participant's Profile Sheet in PDF 

Manila Times: Integrity and accountability in rural banks

Manila Times — Corporate governance became the corporate buzzword in the business community shortly after the BW Resources scandal rocked the local stock market in 1999. The government corporate watchdog, the Securities and Exchange Commission (SEC), put in place legal frameworks to promote integrity, fairness and accountability in corporate managements. Three years after the BW fiasco, the SEC issued the Code of Corporate Governance.

In today’s world, corporate governance is still trending, to use the prevailing techno-speak. Some companies call it by different names, but they still mean the same thing and promote the same set of values that must be complied with and enforced for the benefit of all stakeholders. In some sectors, though, there is still a need to inculcate and promote the practice of good corporate governance across all players.

Recently, Bangko Sentral ng Pilipinas (BSP) Assistant Gov. Dolores Yuvienco delivered a timely speech on corporate governance being a continuing challenge for banks during the Visayas Management Conference for Rural Banks held in Waterfront Hotel in Cebu City. She pointed out that governance issues remain and have in fact evolved, morphing into different forms and emerging in different scenarios. Nonetheless, whatever you want to call it and wherever it may occur, complacency and misuse are always the common denominator.

Yuvienco opined that this year’s management conference, titled “Good Governance: Continuing Challenge for Rural Banks,” speaks volumes about the industry’s realization and acceptance that delicate governance is a challenge that rural banks continue to face. In the same vein, it points to the determination of the whole industry to address this issue and rise above the challenge. The BSP identified three main challenges that the rural banking industry must overcome to promote good governance: the challenge to overcome complacency; the challenge to put the public’s welfare in the forefront; and the challenge to transcend beyond familiarity.

A rural bank’s relative non-complexity and simplicity of operations also became its own worst enemy, according to the BSP official. Some directors of certain rural banks became complacent because they have this notion that they don’t need to set strategic goals for the bank since they have no intention of expanding its operations. However, this mindset does not take into account the ever changing environment and, more importantly, hinders any drive to improve the service and conduct safe and sound banking operations. Banks that are already contended tend to be complacent and settle, and settling lead to deterioration of operations and service.

Rural banks must always remain driven to constantly improve its operations and service, even if they don’t translate to literal expansion.

Choosing independent directors can be quite tricky especially if the rural bank is family-owned and considered the crown jewel of the clan. Trusting someone who is not blood-related or at least close to the family to make important decision in the board oftentimes face resistance from the bank hierarchy. Again, the tight-knit mentality rural banks foster with the communities they serve become counter-productive. An outsider is not always welcome, especially if that outsider is “too independent of a thinker” for comfort. However, one way to address this dilemma is for all rural banks to go through the process of carefully selecting independent-minded directors. Subsequently, the industry will have an assurance of the general objectiveness of the board of directors of banks which will hopefully translate to the sustained resiliency of the whole financial system.

The lean organization structure of rural banks is considered one of its greatest strengths, as familiarity among a small group of people foster camaraderie and trust. However, any change in the personnel will quickly alter this trust system and possibly expose the bank to high risk of abuse. It is important then that the bank’s control environment is not dependent on personalities or circumstances, but rather on the system itself. An effective checks and balances system that will protect the bank’s assets at all times will ensure that the rural bank will survive and thrive no matter who the personnel are.

The BSP has provided the governance guidelines under its Circular No. 749 issued on February 27. Its thrust for better governance is consistent with its risk-based approach to supervision, wherein banks that are deemed to be better run by its management will require less supervisory intervention. On the other hand, those that are not will be subjected to closer supervision and more intensive remedial actions.

In the end, as BSP Assistant Gov. Yuvienco stressed, recognizing that there is still much to be done is a step toward the right direction. Knowing the problem is already winning half the battle. Overcoming the other half will require a resolute resolve in conducting the business based on integrity, fairness and ethics, transparency in all transactions, complying with all the laws, accountability and responsibility towards the stakeholders.

(To view the full Manila Times column, please download the article from this weblink: http://www.manilatimes.net/index.php/business/top-business-news/21285-integrity-and-accountability-in-rural-banks)

Hotel room reservations/changes deadline

The RBAP Secretariat would like to announce that the deadline for last minute changes on room reservations is on the 30th of April 2012.  Queries will not be entertained after the deadline, so kindly get in touch with RBAP if you wish to make some changes on or before April 30.

Please be informed, however,  that this notice only covers those who made their bookings/reservations through RBAP.

For your guidance and information.

FRP Seminar -April 28, 2012 -Butuan City

FOR	: ALL PARTICIPATING RURAL BANKS

FROM	:FEDERATION PRESIDENT

SUBJECT	:CIRCULAR LETTER: FINANCIAL REPORTING PACKAGE (FRP) SEMINAR

Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) in partnership
with the CARBAF - Inc. is pleased to announce that it will conduct the
seminar-workshop described below as part of its continuing strategy to
strengthen the rural banking industry:

Course Title:	Financial Reporting Package Seminar

     Venue	:	Dottie’s Place, J.C. Aquino Ave., Butuan City
Schedule	:	April 28, 2012 ( Saturday)
Duration	:	1 day (8:30AM-5:30PM)

In this connection, we would like to enjoin rural banks, to send their,
Loan Officers, Compliance Officers, Technical Staff, Managers and
Directors to attend the seminar.

Participants are advised to bring the following items to maximize the
learning opportunity:
1. Laptop running on Windows OS with MS Excel spreadsheet software (if
possible)
2. Rural Bank sample Financial Statement.

Registration fee per participant
a)	Five Thousand Five Hundred Pesos only (P5,500.00).
b)	Travel expenses to and from the venue shall be borne to the participants.
c)	Registration fee will cover RBAP training core fee and accommodation
for overnight stay for out of town participants.

For your reservations, kindly submit to us not later than April 20, 2012
the following:

1.	A non-refundable commitment fee of P 2,650.00 per participant (50% of
the registration fee). Payments can be remitted to the CARBAF bank account
Land Bank of the Philippines – Butuan Branch, Account Number 0362-1031.
Proof of payment (i.e., deposit slip) should be sent immediately to Butuan
City Rural bank, Inc. via facsimile for verification. Our facsimile number
is (085) 815-5055. For check payments, check should be payable to CARBAF;
2.	Nomination form of the participant(s) duly endorsed by the bank’s
authority;
3.	Filled-up Participant’s Profile.

Only those rural banks that have complete requirements will be given
reservation. Please be advised that we will be accepting up to forty (40)
participants only. We reserve the right to limit the number of
participants to a manageable level. Participants will be accepted on a
first-come-first-served basis.

For your reservation, please call: 	Ms. Bella Hernandez
					09278776139

Participants who have paid but fail to show up for the seminar will only
be entitled to a rebate of 50% of the total registration fee.

Thank you very much.

WILBERTO C. TUPAS
Federation President

Download the FRP CIR and Participant's Profile Sheet in PDF 

One-day Seminar on Solving The Cost

One-day Seminar on Solving The Cost –Price Squeeze

Problem in Agriculture  (SOCOPSPA)

AN  INCONVENIENT  TRUTH

The so called farm problem is about chronically and persistently low or negative farm profits that results from the cost-price squeeze phenomenon – a situation where farm prices are chronically close to or sometimes even below production costs.

The cost- price squeeze is an agriculture-wide problem that many agribusiness companies and government agencies should address because OF THE INCONVENIENT TRUTH that they are both VICTIMS and CAUSES of the aforementioned farm problem. Agribusiness includes suppliers of farm inputs (e.g. fertilizers, feeds), farmers and fishermen, financial institutions, agricultural colleges, research institutions, mass media, cooperatives, food processors, traders, food service providers, retailers and national agencies and local government units and other institutions involved in the production, processing and marketing of farm products).

They are victims because of   potential revenues and income foregone, unreliable supply of raw materials and low credit collection. They are causal factors because they may be engaged in financing, generating, disseminating, promoting and /or distributing technology or goods that enhance productivity per unit area and/ or increase acreage and consequently add to the frequent oversupply of commodities and low prices. According to Kenneth Ewart  Boulding “ Technical progress in agriculture brings about an increase in production. Then because of the inelastic demand for agricultural products, their prices are forced down… In eras of rapid technical change, therefore, agriculture maybe continuously unprofitable.”

John H. Davis and Ray A. Goldberg who jointly coined the word AGRI-BUSINESS suggested in their book A CONCEPT OF AGRI-BUSINESS that  “ From the stand point of future progress in the food and fiber part of the economy,  probably no other issue confronting commercial agriculture is as vital as finding a satisfactory solution to the cost-price squeeze…..  Because the cost-price squeeze is a complex problem brought about by a number of factors, on and off the farm, responsibility for finding a solution must be shared jointly by farmers, research agencies, the manufacturers of farm supplies and processors and distributors.”

The Seminar on Solving the Cost-Price Squeeze Problem in Agriculture (SOCOPSPA) was conceived in response to the observations that: (1) agribusiness institutions in the private and government sectors are not aware that they are jointly responsible for  finding solutions to the said farm problem because they are both victims and causal factors of the cost-price squeeze phenomenon and (2) many agribusiness managers in the Philippines and in developing countries lack awareness and understanding of the root causes of the cost-price squeeze phenomenon in agriculture, its multiple effects, and the policies and implementing mechanisms to solve the farm problem.

SEMINAR OBJECTIVES:

At the end of the seminar, the participants should be able to:

  1. Explain the agribusiness commodity system approach to analyzing and understanding the environment of agribusiness firms for threats (e.g. cost-price squeeze) and opportunities
  2. Define the cost-price Squeeze phenomenon in agriculture and explain its root causes
  3. Explain and advocate that many agribusiness companies and government agencies share joint responsibility in finding solutions to the cost-price squeeze phenomenon in the agribusiness commodity systems of which they are a part because they are both victims and causal factors of the said farm problem
  4. Discuss the soundness of fundamental public policies and their respective implementing mechanisms in solving the cost-price squeeze phenomenon
  5. Explain basic features of farm enterprises that make them different from non-farm enterprises and their policy implications
  6. Appreciate the potential economic gains that agribusiness firms will derive if farmers are economically healthy
  7. Discuss various ways that agribusiness firms and government agencies can do in helping solve  the cost-price squeeze phenomenon
  8. Explain  the cost-price squeeze phenomenon as an important problem area for agribusiness firms to exercise their corporate social responsibility of enhancing their potential for economic gains by doing good

SEMINAR CONTENT:

  1. The Agribusiness Commodity System Concept: This topic will introduce participants to a selected number of conceptual tools for analyzing and understanding the agribusiness environment of which they are a part. The topic will also discuss basic policy alternatives and the institutions and devices that are commonly used in coordinating supply and demand for farm products
  2. The Cost-Price Squeeze Phenomenon: This topic will discuss the root causes of the cost- price squeeze in agriculture and the remedies for removing and counter acting  the said root causes.  It will also discuss the basic features of farm enterprises that make them different from non-farm enterprises
  3. Re-entry Plans: This topic will provide participants a framework for explaining and advocating various ways agribusiness firms, government agencies and agribusiness associations can do to help solve the cost-price squeeze

phenomenon

 

TARGET PARTICIPANTS:

The target participants are top and middle level managers of agribusiness firms, cooperatives and government agencies and members of agribusiness based associations and federations.

 

SEMINAR   SPEAKER

The seminar speaker, Edward S. Tayengco is the author of the book entitled ERADICATING MASS POVERTY IN AGRICULTURE. The book is currently retailed at various outlets of the National Book Store. He is also the author of several articles on agribusiness policy. His work experiences include teaching, research and consultancy. He served as agribusiness management specialist in the faculty and staff of several academic and training institutions namely: Development Academy of the Philippines (DAP), Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), Asian Institute of Management (AIM) and College of Business Administration of the University of the Philippines (UPCBA). His research and consultancy engagements involved many poverty alleviation projects of the Philippine Government.

 

SEMINAR MANAGEMENT AND OFFERING

Registration Fee : Ph 2,400.00. This is a live-out seminar, which covers snacks, training kit and certificate of attendance.

Trainer EDWARD  S. TAYENGCO DEVELOPMENT OPTIONS AND ECONOMIC RESEARCH SERVICES a single proprietorship engaged in training, research and consultancy.

For your reservation, please call RBRDFI Training Officers:

 

Mr. Ace M. Calang      /      Ms. Grace Dimapilis.       /      Ms. Jesica Cepeda

Contact details: (02) 527-2969, 527-2980; 09178374604; 09178374603;  09178374599

Emails:   training@rbap.org,  grace@rbap.org cepedajesica_rbap@yahoo.com

SolvingCost

CONFIRMATION SHEET
For : RBRDFI |
Attention : Mr. Ace Calang (RBRDFI)
FAX No. : (02) 527-2980 (RBRDFI); 

 

From:
Bank Name
Bank Address
Telephone Number

 

Posting of Balance and Consolidated Sheets

T0 all member banks and partners, please be informed of the recent circular issued by the Supervisory and Examination Sector of the BSP, requiring the posting (and publishing) of Balance Sheet (Head Office, branches and other offices) , side by side with its Consolidated Balance Sheet. This directive is pursuant to Section 61 of Republic Act 8791 and, in accordance with Circular No. 576, Memorandum 2007-030 and Memorandum No. 2008-05.

To secure a copy of CL 024, please click the attached link: cl024

Please be guided accordingly.

 

Notice on COC Filing and Annual Convention

TO : RBAP MEMBER BANKS AND PARTNERS

FROM : VICENTE MENDOZA, Executive Director

SUBJECT : PERTINENT DATES TO REMEMBER

Dear Fellow Rural Banker,

A brief reminder of dates to consider:

 

MAY 9, 2012 (Wed) – deadline for filing of Certificate of Candidacy (COC)

Please send in your COC and Secretary’s Certificate to the RBAP Electoral Board Secretary, Atty. Ruben O. Purisima at 2nd floor RBAP Building, A Soriano Jr. Ave. cor. Arzobispo St. Intramuros, Manila and advance copy at fax no. (02) 527-2980.

 

MAY 24-25, 2012 – RBAP 59TH Annual National Convention at Boracay

Regency Resort and Convention Center

For those who are not yet registered for the event, kindly send your filled up registration and booking forms at RBAP secretariat telephone nos: (02) 527-2980; (02) 527-2969 or email at info@rbap.org as soon as possible.

Please be guided accordingly.

 

Thank you.

 

Internal Audit-Internal Control Seminar -May 18, 2012

FOR        : ALL PARTICIPATING RURAL BANKS

FROM    : MA. CORAZON L. MILLER, Chairman

SUBJECT : INTERNAL AUDIT/INTERNAL CONTROL 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
the rural banking industry:

Course Title:   Internal Audit/Internal Control Seminar

Speaker :               CARLOS LANDAGAN, CPA
Retired Dep. Dir. of ISS Dept., Banko Sentral ng
Pilipinas

Venue:         RBAP Conference Room, RBAP Bldg., A. Soriano Ave., cor.
Arzobispo St., Intramuros, Manila

Schedule:              18 May 2012 (Friday) 1 day (8:30AM-5:30PM)

Participants:    Compliance Officer,  Accountants, Cashiers
Internal Auditors, Managers

Registration Fee
a)      One Thousand Eight Hundred Pesos only (P1, 800.00).♣
b)      Early bird registrants (those who pay the full amount on or before May
03, 2012 are entitled to a 5% discount or PhP1, 710.00.
c)      Two Thousand Two Hundred Pesos only (P2, 200.00) registration fee for
non-member rural banks. To avail of the regular registration fee,
non-member banks are encouraged to apply for membership with RBAP/RBRDFI.
Please call RBAP for details.
d)      This is a live-out seminar. Seminar fee includes snacks, training kit
and certificate of attendance.

For your reservations, kindly observe our training policies:

1.      Deadline for submission of registration is not later that May 15, 2012.
a)      Nomination form of the participant(s) duly endorsed by the bank’s
authority
b) Filled-up Participant’s Profile.
2.      A Non-Refundable commitment fee of P900.00 per participant (50% of the
registration fee). Payments can be remitted to the Rural Bankers Research
and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)
3.      Reservation via telephone conversation is accepted. However,
Registration Form and fee must be settled 10 days prior the seminar date
or May 07, 2012. Otherwise, reservation is considered cancelled.
4.      Cancellation Policy:
a)      10 days prior the seminar date is entitled for a full refund. *
b)      5 days prior to the seminar date is entitled for a half refund
c)      Participants who have paid but failed to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d)      For special cases (health, accident etc.), kindly coordinate with
RBRDFI staff for refund procedures and requirements.

Please be advised that we accept on a first-come-first-served basis with a
manageable level up to thirty (30) participants only.

For your reservation, please call RBRDFI Training Officers:

Mr. Ace M. Calang      /      Ms. Grace Dimapilis.       /      Ms.
Jesica Cepeda
Contact details: (02) 527-2969, 527-2980; 09178374604; 09178374603;
09178374599
Emails:   training@rbap.org,  grace@rbap.org
cepedajesica_rbap@yahoo.com

Please note that this is a live-out seminar.

Thank you very much.

 

Download the Participant’s Profile Sheet in PDF

Smart Money Accreditation Training Course April 26, 2012

SUBJECT:        SMART MONEY ACCREDITATION TRAINING COURSE FOR RURAL BANKERS TO
BE HELD IN CEBU ON APRIL 26, 2012

The Rural Bankers Research and Development Foundation, Inc. (RBRDFI), together with Microenterprise Access to Banking Services (MABS) Program and Smart Communications, Inc. is NOW READY TO ROLL-OUT SMART MONEY-IN MONEY-OUT (MIMO) SERVICES TO RURAL BANKS. Take advantage of the upcoming scheduled Smart Money Accreditation Training and be among the FIRST rural banks to offer Money-In Money-Out services to rural clients.

Date    : April 26, 2012  Target Participant RBs: All RBs
Location:         Diamond Suites and Residences, Cebu City

Smart Money is an electronic wallet that allows you to do money transfers, bills payment and airtime reloading using a Smart subscriber’s mobile phone. Once your bank is accredited, you will earn 1% per MIMO transaction and PhP 40.00 per Smart Money Card application. There are more than 8.5
million clients subscribed to Smart Money of which 2.5 million are actively using it. An average volume of around PhP 8 billion Smart Money transactions is also processed monthly.

Accredited rural banks will also be able to provide their clients with a Smart Money Instant Card, which doubles as both a debit Mastercard and an ATM card. This will enable your clients to withdraw from an over 9,000 BancNet and Megalink ATMs, load in over 4,000 Money In and Money Out
Centers, 15 Partner Banks nationwide and 95,000 partner agents worldwide. Clients will also now be able to make purchases or payments in more than 17,300 local merchants and business and more than 24.6 million MasterCard locations worldwide. For more information about Smart Money, you may visit
http://www1.smart.com.ph/money.

This training focuses on the following objectives:

1)      Accreditation Training – Qualified rural banks interested in pursuing to become a Smart Money Center will be assisted by RBAP in the process of getting certification from the BSP as a bank authorized to offer Smart Money services. During the training, participants will be provided a
complete set of accreditation kit and will be guided in the process of Smart Money accreditation. Note that the banks will still need to get a “No Objection” letter from the Supervision and Examination Sector of the BSP after the training in order to complete the accreditation process. We will include a proforma letter to the BSP in the training kit for the banks to use to facilitate their accreditation.

2)      Implementation Training – The course will provide a how-to step-by-step guide for banks that plan to initiate Smart Money-In Money-Out services.

3)      Operations and Procedures Manual – The training will also equip the rural banks with the Smart Money Cash Loading and Encashment manuals and required bank procedures which have been reviewed and approved by the BSP. These procedures fulfill the BSP electronic banking requirements for the use of Smart Money platform to perform mobile phone banking services. Rural banks that wish to attend the training must meet only two (2)
requirements:
•       CAMELS rating of at least 3.0
•       No major exceptions noted in the latest BSP examination

The training is designed for senior officers (from Marketing, Compliance/Audit Dept, and/or Operations) that are in the position to cascade this training and facilitate the implementation of recommended procedures within the bank. Each bank is allowed to send up to 3 participants. Please note that the training will be limited to the first 40 participants who register for the course. (Additional slots may be available and are subject to space availability on a first come, first serve basis.)

The training fee is P1,700.00 per participant inclusive of materials, food and venue. However, those who register and pay at least a day before the event will enjoy a discounted early bird fee at P1,300.00 per participant. Note that there is a minimum of twenty (20) participants in order to hold this event. Should we be unable to meet the minimum number of participants, you will be notified at least two days before that the course will be moved to a later date. Please deposit your payment to the RBRDFI Account No. 0012-1046-26 at Landbank, Intramuros, Manila Branch and fax a copy of the deposit slip along with your confirmation to RBAP at (02) 527-2980 or to MABS Office at (02) 400-4561 (Manila).

Attached are the training agenda for your advance information and the confirmation sheet for your reservation.

Should you have any questions, please feel free to contact Ms. Roselle Hernandez of MABS-Manila Office at (02) 400-0971 or Grace Dimapilis at (02) 527-2968 to 69.

Thank you for your support and interest in this important training event.

MA. CORAZON L. MILLER
RBRDFI – CHAIRPERSON

 

Download the Training Agenda in PDF