The Bangko Sentral ng PIlipinas has approved the application for branches of 10 rural banks submitted in the second quarter of 2012. In a circular signed on Oct 5, 2012, BSP gave its go signal to open new and re-open closed branches for several banks. The document also allowed the extension of existing branch offices. …
Sen. Sergio Osmeña III is pushing for the opening of the rural banking industry to foreign ownership of up to 60 percent of the voting stock of an existing rural bank to make the industry healthier and at par with its bigger counterparts. He said Senate Bill 3282, or “An Act Allowing Infusion of Foreign …
Malaya Business Insight: Foreign equity bill to make rural banks more competitive Read More »
The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
