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Archives for May 2012

In Pictures: 2012 RBAP National Convention highlights

Smart Money Training -Ilo-Ilo City -Jun 22, 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 on June 22, 2012 at Amigo
Hotel, Iloilo City and be among the FIRST rural banks to offer Money-In
Money-Out services to rural clients.

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.

Download the Training Agenda and Confirmation Sheet in PDF

Manila Times: Opportunities abroad are also opportunities here

The recently-concluded 45th Annual Board of Governors’ Meeting of the Asian Development Bank (ADB) tackled a number of economic issues not only in the Philippines but also for the whole region. But one thing that created a lasting impression and curious interest for the rural banking industry was the forecast on the level of remittances from our modern heroes, the Overseas Filipino Workers (OFWs), this year.

The Manila-based multilateral funding institution predicted that the country’s gross national product (GNP) will grow by five percent this year due to a strong service sector and the continuously steady flow of OFW remittances, the latter being the consistent economic driver over the years. The flow of remittances is anchored not only on more Filipinos opting to find better opportunities overseas, but also on the sustained demand for professional and skilled Filipino workers abroad.

Foreign governments have done their part to keep the steady flow of Filipino workers for their respective countries. This year, enhancements in the recruitment systems of host countries are expected to support the resilience of remittance flows, including the launching of the International Direct e-Recruitment System for Filipino workers in Taiwan, the signing of a Memorandum of Understanding on Labor Cooperation and a Protocol on Regulating the Recruitment and Employment of Domestic Workers with Lebanon and Jordan, and the amendment of the Korean Employment Permit System. These factors underpin the general prognosis that influx of much-needed foreign currencies will continue to grow for years to come.

On a grand scale, OFW remittances generate various activities in the Philippines, as well as augment the stability of the local consumer market. Boosted by remittances, families of OFWs typically are a strong player in the market, be it in real estate or in commercial and industrial sectors. They have money to spend and they are active purchasers.

How significant is this for banks?

Banks now account for around 90 percent of the entire remittance business as OFWs shifted from informal channels like couriers and door-to-door delivery services to safer methods to send money home through the banking system.

As such, several banks have opened various services to accommodate these remittances. Nearly all major banks have services tailor-fit for OFWs, as well as a few value-adds to gain new foreign-based depositors and keep the existing ones. For rural banks, a steady flow of OFW remittances means a healthy money transfer business. Thus, several rural banks have joined the Philippine Payments and Settlements System (PhilPaSS) of the Bangko Sentral ng Pilipinas last year.

The PhilPaSS Remit System for OFW remittances is an online and real-time gross settlement payment system administered by the BSP to facilitate payment transactions between banks. It offers a rate of P50 per transaction compared to P100 to P500 per charged by other money transfer systems.

With PhilPaSS, rural banks can offer a faster yet more affordable service to clients in the countryside who are also beneficiaries of many OFWs. By utilizing this system, rural banks can offer cheaper, if not the cheapest transaction fees without incurring any losses.

A number of rural banks are set to course their financial transaction through PhilPaSS as part of the many innovations of the Rural Bankers Association of the Philippines.

The PhilPaSS-Remit system is also part of the advocacy of the BSP to help Filipinos abroad and their beneficiaries by providing a safer, faster, and cheaper means of remittance. The project is one of the initiatives undertaken by the BSP in coordination with the Association of Bank Remittance Officers Inc. through a memorandum of agreement in December of 2009 but was only implemented in the second quarter of 2011. The BSP has encouraged banks and financial institutions to course OFW remittances through its electronic payment and settlement system so that beneficiaries of Filipinos working abroad could enjoy lower fees.

According to the BSP, the settlement of OFW remittances through the PhilPaSS Remit System would result in savings of between P100 and P500 per transaction as current system charges between P150 and P550 per transaction. OFW families are expected to save at least P92 million due to the faster and cheaper delivery of remittances to the beneficiaries at a lower rate of P50 per transaction.

Of course, rural banks can offer other value-added services, just like their bigger brethren, aside from savings through the use of PhilPaSS. Among the other financial and non-financial products and services rural banks offer to OFWs and their families include high-yield medium/long-term time deposit, children’s savings accounts, education and housing loans, bills payment and collection services, and advisories about successful business ventures and skills in partnership with different government agencies. These opportunities can help improve the utilization and conversion of remittances into productive investments and other business opportunities.

The number of OFWs is expected to increase every year. Being away from their loved ones for many years is the ultimate sacrifice an OFW has to bear for the financial betterment of his or her family. Admittedly, this supreme sacrifice has also served as the fulcrum of the national economy. The least we in the industry can do is to maximize every foreign currency-denominate remittance that is sent home.

(Please click the link to view the full article:  http://www.manilatimes.net/index.php/business/top-business-news/23926-opportunities-abroad-are-also-opportunities-here)

CLOSED — Supervisory Skills Enhancement Program -Jun 28-29, 2012

FOR	: ALL PARTICIPATING RURAL BANKS

FROM  	:  MA. CORAZON L. MILLER, Chairperson

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 be conducting a
seminar on Supervisory Skills Enhancement. The program enhances the
managerial competences through introduction of management functions, tools
and techniques.

Course Title:     Supervisory Skills Enhancement Program

Speaker :	         Ms. Maria Elena Sandel-Marquez
                         CHRES Sr. Training Consultant / Psychologist/ HR
Specialist
                         Leadership Management Trainer for Banks, Gov’t.
Agencies
                         and Manufacturing
Venue:               Gov. Licaros Hall, RBAP Bldg., A. Soriano Ave., cor.
                          Arzobispo St., Intramuros, Manila

Schedule:         28-29 June 2012 (Thursday - Friday), 8:30AM -5:00PM

Participants:	Directors / Presidents / Compliance Officers/ Administrator
	                 and Prospective Managers

Course Objective:

      1. Define a leader, a manager, a supervisor.
2.	Differentiate   a leader’s mentality from that of the ranks; managing
vs. leadership; boss vs. leader
3.	Identify and demonstrate the changing roles, functions and skills of
leadership and management in the 21st century.

ROAD MAP  - Day 1

I.	Module 1 -    Starting Point : Where Are You Now?
II.	Module 2 -    Differentiations
●A Supervisor to a Rank and File
●A Leader to a Boss
●Managing vs. leading
III.	Module 3 -  Four Roles of a Leader  : PAEM
IV.	Module 4 – Basic Supervisory Functions : PLOC

ROAD MAP –DAY 2

Module 5 – Planning vis a vis  Pathfinding

Module 6 – Delegating and Controlling

Module 7 –Problem-Solving & Decision-Making

Module 8 - Closing

Acceptance of reservation is on first come first-served basis; only forty
(40) participants will be accommodated.

Registration Fee:
a)	Four Thousand Four Hundred Pesos only (P4, 400.00).
b)	Early bird registrants (those who pay the full amount on or before June
15, 2012 are entitled to a 5% discount or PhP4, 180.00.
c)	Five Thousand Three Hundred Pesos only (P5, 300.00) 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 than June 26, 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 for
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.
Otherwise, reservation is considered cancelled.
4	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund. *
b)	3 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.) will require written
information. Kindly coordinate with RBRDFI staff for refund procedures and
requirements.

Download the Schedule and Confirmation Sheet in PDF

RB Ignacia’s new business name

This is to inform all members of the approval of Rural Bank of Sta. Ignacia’s adoption of a new trade name by the Bangko Sentral ng Pilipinas, as stipulated in Circular Letter 2012-036 dated 21 May 2012.  With this approval, the bank is now known as  SIGNABANK Rural Bank of Sta. Ignacia, Inc.

To secure a copy of the BSP Circular letter, please click the attached link.  cl036

For your information and guidance

CLOSED – FRP Seminar -June 15, 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
the rural banking industry:

Course Title:	Financial Reporting Package (FRP) Seminar

Speaker :	        DANIEL VINCENT BORJA, CPA
                        Associate Professor / Consultant / Trainer

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

                       Date	                          Venue
June 15, 2012 (Friday)	Gov. Licaros Hall, RBAP Intramuros, Manila

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
a)	One Thousand Eight Hundred Pesos only (P1, 800.00).♣
b)	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.
c)	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 than: =  June 12,
2012

a)	Nomination form of the participant(s) duly endorsed by the bank’s
authority

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.
Otherwise, reservation is considered cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund. *
b)	3 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.) will require written
information, 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

Invitation to Gcash Accreditation Training

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
June 14, 2012 Diamond Suites and Residences, Cebu City VisMin Banks
June 28, 2012 Ridgewood Residence, Baguio City NorthLuzon East Banks

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.

Download the Invitation for Regional G-Cash Training in PDF

2012 RBAP 59th Annual National Convention Program

;

Download the Annual National Convention Program in PDF

Taxation Seminar – June 21, 2012

FOR	: ALL PARTICIPATING RURAL BANKS

FROM  	: MA. CORAZON L. MILLER, Chairman

SUBJECT	: SEMINAR ON TAXATION FOR RURAL BANKS

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:	Seminar on Taxation for Rural Banks

Speaker :	        ATTY. EDWIN R ABELLA, CPA
                        Former, Assistant Commissioner, BIR
                        Professional Lecturer on Taxation
                        BAR Reviewer, University of the Philippines
  			Chairman, VAT Review Committee

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

Schedule:	        21 June 2012 (Thursday) 1 day (8:30AM-5:30PM)

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

Registration Fee
a)	Two Thousand Six Hundred Pesos only (P2, 600.00).♣
b)	Early bird registrants (those who pay the full amount on or before June
08, 2012 are entitled to a 5% discount or PhP2, 470.00.
c)	Three Thousand Two Hundred Pesos only (P3, 200.00).♣ 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 June 18, 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 P1,300.00 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 June 11, 2012. Otherwise, reservation is considered cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund. *
b)	3 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.), please send a letter and
coordinate with RBRDFI staff for refund procedures and requirements.

Please be advised that we will be accepting up to thirty (30) participants
only. We reserve the right to limit the number of participants to a
manageable level and we accept on a first-come-first-served basis.

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
      
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

Signature Verification and Forgery Detection Seminar – June 07, 2012

FOR	: ALL PARTICIPATING RURAL BANKS

FROM  	: MA. CORAZON L. MILLER, Chairperson

SUBJECT	: SIGNATURE VERIFICATION, BANK FRAUD AND
                                  FORGERY DETECTION 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:	Signature Verification, Bank Fraud and Forgery Detection 
Seminar

Speaker :	         JENNIFER DOMINGUEZ
                         Question Document Dept., NBI
		         Bank Trainer & Consultant

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

Schedule:	         07 June 2012 (Thursday) 1 day (8:30AM-5:30PM)

Participants:       Compliance Officer, New Accounts, Cashiers
	                   Tellers, Managers

Registration Fee
a)	Two Thousand  Two Hundred Pesos only (P2, 200.00).♣
b)	Early bird registrants (those who pay the full amount on or before May
25, 2012 are entitled to a 5% discount or PhP2, 090.00.
c)	Two Thousand Six Hundred Forty Pesos only (P2, 640.00).♣ 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 June 04, 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 P1,100.00 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 20, 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 will be accepting up to thirty (30) participants
only. We reserve the right to limit the number of participants to a
manageable level and we accept on a first-come-first-served basis.

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
      
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

Basic Course on Tellering – June 06, 2012

FOR	: ALL PARTICIPATING RURAL BANKS

FROM  	: MA. CORAZON L. MILLER, Chairperson

SUBJECT	: BASIC COURSE ON TELLERING

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:	Basic Course on Tellering

Speaker :	        VYKES PALANCA
                        Trainer-China Banking Corporation, Consultant

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

Schedule:	        06 June 2012 (Wednesday) 1 day (8:30AM-5:30PM)

Participants:      Tellers, New Accounts, Cashiers
	                 Internal Auditors, Managers

The seminar is designed to respond to the external developments by
transforming rural banks from process-centered units to effective sales
channels.

a)	One Thousand Eight Hundred Pesos only (P1, 800.00).♣
b)	Early bird registrants (those who pay the full amount on or before May
25, 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 June 04, 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 20, 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 will be accepting up to thirty (30) participants
only. We reserve the right to limit the number of participants to a
manageable level and we accept on a first-come-first-served basis.

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
      
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 

PDIC Advisory on suspicious calls

To all member banks and partners, please take the time to read the letter of Mr. Valentin Arenata, warning all banks to ignore or report any suspicious/solicitation  calls falsely representing his office.

Contents of his letter are copy pasted below.  You may also download the pdf version by clicking the attached link: Letter to RBAP

 

Dear Mr. Pama:

It has come to the attention of the undersigned that calls ore being made to Banks by individuals falsely representing themselves to be the undersigned’

In particular, several banks have received calls purportedly made by the undersigned ond soliciting sponsorships. The cellphone numbers used are:

0927-3479680

0927-5190577

Please be advised that the PDIC and its officers do not solicit any form of support in their activities.

Please do not entertain any such calls or representations and feel free to validate or confirm any call or calls that you received or may receive by calling the undersigned of our office number (632) 818-5906 and 84.|-4806 or at my cellphone  number 0917-3070995. My email address is vaaraneta@pdic.gov.ph.

May we request that this notice be disseminated to your members.

Thank you and best regards.

Very truly yours,

Valentin Araneta

 

RBAP members, for your protection, we encourage all to remain vigilant.

For your information.

Philippine Daily Inquirer: BSP ups incentives for rural banks’ consolidation

Commercial and thrift banks are urged to acquire troubled rural banks, with regulators offering various incentives to potential white knights in a bid to end costly failures in the rural banking sector.

The Bangko Sentral ng Pilipinas announced Wednesday that the Strengthening Program for Rural Banks (SPRB), under which incentives are granted to encourage acquisition of weak rural banks, has been expanded to include commercial and thrift banks among those eligible to get incentives should they acquire a problematic rural bank.

The new and expanded version, called the “SPRB Plus,” will be in effect until December 2013.

Under the old version, which was supposed to end in August this year but is now superseded by the SPRB Plus, only financially healthy rural banks were offered incentives to acquire a weak rural bank.

The move to offer incentives to commercial and thrift banks came amid lack of takers from the rural banking industry. Most of the strong rural banks are not interested in acquiring a weaker industry player, regulators said.

The incentives being offered to potential white knights include loans to help plug capital shortfalls and to help meet needed resources to improve operations, temporary regulatory relief such as on capitalization requirements and easier requirements for branching.

Loans to be extended to investing banks will be sourced from the P5-billion fund, which the BSP and the Philippine Deposit Insurance Corp. have put up through their equal contributions.

“SPRB Plus expects eligible investors not only to sustain and strengthen the financial condition of resulting banks but also to improve their quality of corporate governance and management,” the BSP said.

The move to offer incentives for banks that will acquire troubled rural banks comes amid a spate of closures in the rural banking sector over the past few years.

BSP officials said closure orders for rural banks were prompted mostly by capitalization and mismanagement problems of the banks. Some closures were also prompted by alleged unsafe and unsound banking practices of the closed banks.

In this year alone, four rural banks have already been ordered closed by the Monetary Board of the BSP and placed under receivership of the PDIC. These include First Provincial Bank of Tarlac, Rural Bank of Gigaquit of Surigao del Norte, Rural Bank of Luna in La Union, and Rural Bank of Nasugbu in Batangas.

The BSP said problematic rural banks are the exception rather than the rule, saying that the country’s entire banking system remains generally sound and stable.

Nonetheless, it said acquisition of troubled rural banks is encouraged to help avoid costly closures.

Upon closure of a bank, government-owned PDIC assumes the failed bank’s remaining assets and shoulders payment of all its liabilities, including deposits from the public.

Given this, regulators said saving a troubled bank is preferred over closing it down.

Note: The SPRB Plus  will last until December of 2013, due to  the SPRB’s special features,  all concerned rural banks are encouraged to take advantage of this enhancement program.  For more on this article, please go to Inquirer website, by clicking the attached link http://business.inquirer.net/59845/bsp-ups-incentives-for-rural-banks’-consolidation .  You may also check out Mr. Lawrence Agcaoili’s article on the the Philippine Star http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=807649

Thank you.

Manila Times: Better safe than sorry

The times, they are a-chan-gin,’ as the legendary crooner Bob Dylan used to sing. Well, right now, the rural banking industry is likewise in the midst of change, especially when it comes to a collective mindset among rural banks that encourages prudence to go along with the unyielding dream of expansion. These two things need not contradict each other, but should in fact go hand in hand, now more than ever.

As recent as five years ago, there were only 12 rural banks that have enrolled in the Negative File Information System (NFIS) of the Bankers Association of the Philippines (BAP) Credit Bureau. The NFIS is a computerized negative information system that provides member-banks with data of more than four million borrowers’ and clients’ adverse records. By the end of 2011, 77 rural banks are enrolled in the system, a hefty five-fold increase.

Over the last five years, the number of rural banks utilizing the Bankers Association of the Philippines (BAP) Credit Bureau’s NFIS has grown almost five-fold with 77 rural banks now enrolled and 51 rural banks actively using the system. There has also been an almost nine-fold increase in the number of credit inquiries by rural banks. In terms of the number of active users, the numbers rose from 11 to 51, with the number of inquiries jumping from 5,228 queries in 2007 to 44,909 queries as of last year. This year, the numbers are expected to further increase.

These data clearly show the great importance rural banks are placing on having a reliable access to information about bank clients, specifically about their credit history. In fact, Leonilo “Topper” Coronel, managing director of the BAP-Credit Bureau, pointed out that some commercial and thrift bank clients, with poor repayment histories, are increasingly attempting to borrow from rural banks. Suffice it to say that if it was not for the data provided by the bureau, this type of clientele might have also “made the rounds” in some rural banks. The potential risks associated with these types of borrowers would not have been exposed.

Awareness and self-protection from clients with bad credit history have always been present among companies involve in lending like banks. Their primary tool is their own credit investigation. Now, the faster and better way to do this is to have a readily available system that presents the data to all types of banks.

How does this work? Borrowers with delinquent loans with rural banks who attempt to obtain additional loans from other banks, including commercial and thrift banks, would be flagged in the NFIS. Since all commercial and thrift banks now access the NFIS, and normally require all outstanding delinquent loans to be repaid first, rural banks naturally benefit from sharing these accounts as a way to improve their loan collection efforts, according to BAP-Credit Bureau Manager Manuel Batallones.

Once a rural bank has access to the NFIS, it enjoys protection against credit applicants who have bad loan records in commercial, thrift or other rural banks, because it can verify a particular client’s record. Not only that, the processing of loan applications also becomes faster as a rural bank can approve or disapprove a loan application in just a few hours. The credit profile of a particular loan applicant would now be immediately known and the rural bank can make a quick decision on the application.

But while we have tackled the benefits of the NFIS, what about the rates? Surely enrolling and accessing such an important system would cost some. That would be understandable. But to the pleasant surprise of the entire industry, I should say, it is so cheap that it is practically offered for free! Rural banks may now enroll in the BAP-Credit Bureau for free and only need to pay a meager fee of P5 per credit inquiry. That’s the cost of a text load! The bureau also provides free training for all subscribers. The bureau only requires that all subscribers share and update their negative files with the NFIS. With all the benefits of the system, that is a cinch.

While rural banks wait for the implementation of the Credit Information System Act, the BAP-Credit Bureau has the largest database that rural banks can actively start to use.

The BAP-Credit Bureau has also enhanced their services to better support microfinance credit institutions in the Philippines through the Microfinance Data Sharing System (MIDAS). This system is already being rolled out in different parts of the country after a pilot test in Panay Island earlier.

Access to a credit bureau is one of the important tools that could improve the analysis of the credit histories of potential clients. It assists rural banks in managing multiple borrowing and over-indebtedness much better. In a co-dependent environment, this also helps bank clients overall. A healthy rural bank, unburdened with problematic clientele, is a productive rural bank. A productive rural bank can better serve its community. The community can then rest easy, knowing fully well that its bank can support its needs.

(To view the full article, please go the website of the Manila Times, or click the attached article:  http://www.manilatimes.net/index.php/business/top-business-news/23026-better-safe-than-sorry)

Thank you

Amendments to the regulations on the approval of new officers

This is to notify all member banks of the amendments of certain provisions of the MORB with regards to the approval/confirmation of directors and officers. The revisions are in pursuant to Resolution Nos. 588 and 596A, both issued by the Monetary Board.

Among those amended are Subsections X141.4, X141.9, X143.3, X143.5, X144, X180.4 and X406.10, which are all specified in Sections 1 to 9 of Circular 758. The remaining sections, on the other hand, are reserved for MORNBFI.

As for Section 1, it specifically outlines the conditions before a director or officer can be officially confirmed. For example, only the Monetary Board has the authority to confirm the appointment or election of directors, senior vice presidents (above or with equivalent ranks) of all banks with total assets of 1.0 billion, while those with less than 1.0 billion shall be subject to confirmation of the SES Committee. However, these requirements may not be required when certain admissible conditions are met.

With regards to the appointment of a Chief Compliance Officer, Section 7 stipulates that the appointment should have a prior approval from the Monetary Board and, all pertinent documentary and identification requirements shall be submitted to the SES. Likewise due to the nature of the job, a would-be CCO must possess all the required qualifications, particularly considering fit and proper criteria such as competence, diligence, education and the like.

For more on Circular 758, please download the 16-page document from our Slideshare account.

For your information and guidance.

C758

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