The Philippine Deposit Insurance Corporation (PDIC) has expressed support for the Senate and House bills that aim to amend the Rural Banking Act, allowing foreign ownership of rural banks. According to PDIC President Valentin A. Araneta, the broadening of sources of capital and banking technology implied by the proposed amendments could only serve to increase …
ZNFRB Circular No. 2012-01 To: All RBAP Members Subject: 32nd Mindanao Rural Bankers Management Conference The ZaNorte Federation of Rural Banks (ZNFRB) will be hosting the 32nd Mindanao Rural Bankers Management Conference on October 11-12, 2012, at the Dakak Park and Beach Resort, Dapitan City, ZaNorte, with the theme: “Strengthening the Road of Rural …
Re-Broadcast: Mindanao Management Conference at Dakak Beach Resort Read More »
The regulator has said it. Credit rating agencies have said it. Now, the continuing test is for rural banks to show the public that the rural banking industry indeed remains stable and robust. In a virtual vote of confidence, the Bangko Sentral ng Pilipinas (BSP) said that the recent closures among some rural banks do …
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