Total outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, continue to expand in August but at a slower pace of 14.0 percent relative to the growth of 16.0 percent in July. Bank lending inclusive of RRPs likewise recorded a slower growth rate of 12.4 percent from 15.2 percent …
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 »
FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : SEMINAR ON BUILDING COMPLIANCE SYSTEMS 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 the seminar-workshop described below as part of its continuing strategy to strengthen …
Building Compliance Systems Seminar – Oct 25, 2012 Read More »
Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks The circular states amendments of provisions for Part I appendix 63c of the Manual of Regulations for Banks on risk-based capital adequacy ratio, particularly on Section 1 and Section 2. For full circular details, please click the link: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c770.pdf
Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 Pursuant to Circular No. 736 of 20 July 2011. The Bangko Sentral ng Pilipinas clarifies that the circular was drafted for information dissemination and not as an endorsement. Provided on the said circular are list of qualified banks. To …
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