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 …
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 …
Philippine Daily Inquirer: BSP ups incentives for rural banks’ consolidation Read More »
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 …
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