One-day Seminar on Solving The Cost –Price Squeeze Problem in Agriculture (SOCOPSPA) AN INCONVENIENT TRUTH The so called farm problem is about chronically and persistently low or negative farm profits that results from the cost-price squeeze phenomenon – a situation where farm prices are chronically close to or sometimes even below production costs. The cost- …
T0 all member banks and partners, please be informed of the recent circular issued by the Supervisory and Examination Sector of the BSP, requiring the posting (and publishing) of Balance Sheet (Head Office, branches and other offices) , side by side with its Consolidated Balance Sheet. This directive is pursuant to Section 61 of Republic …
TO : RBAP MEMBER BANKS AND PARTNERS FROM : VICENTE MENDOZA, Executive Director SUBJECT : PERTINENT DATES TO REMEMBER Dear Fellow Rural Banker, A brief reminder of dates to consider: MAY 9, 2012 (Wed) – deadline for filing of Certificate of Candidacy (COC) Please send in your COC and Secretary’s Certificate to the RBAP …
FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman SUBJECT : INTERNAL AUDIT/INTERNAL CONTROL 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 …
Internal Audit-Internal Control Seminar -May 18, 2012 Read More »
SUBJECT: SMART MONEY ACCREDITATION TRAINING COURSE FOR RURAL BANKERS TO BE HELD IN CEBU ON APRIL 26, 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 …
Smart Money Accreditation Training Course April 26, 2012 Read More »
This is to notify all members and partners of RBAP of the newly issued Anti-Money Laundering Risk Rating System, adopted under MB Resolution 362 dated March 2 of this year. With the approval of this rating system, expect the inclusion of new composite rating scheme, assessment tools, guidelines and the like when the BSP conducts …
DAVAO CITY — One Network Bank, the country’s largest rural bank, is planning to roll out about 2,000 point-of-sale (POS) terminals within the year as it seeks to improve services to clients while competing with the commercial banks. The initiative will turn the bank’s automated teller machine (ATM) cards — held by 320,000 clients at …
BusinessWorld: Rural bank to launch POS facility Read More »
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 …
On behalf of the Aklan Federation headed by Mr. John Guidon dela Cruz, we would like to notify all members and representatives of RBs interested in joining this year’s convention in Boracay of the available rates for Round Trip Land and Sea transfers. Organized by the aforementioned federation, the rates for Caticlan and Kalibo are …
In connection with Resolution No. 475 of the Monetary Board, please be advised of the following amendments on the provisions of CL 539 of August 2006 and CL 551 of November 2006. The amendments are as follows: All new deposits in the reserve deposit account (RDA) facility shall be given a maturity date of …
Change in the Maturity of Placements in the Reserve Deposit Account Facility Read More »
For your information and guidance, kindly refer to the provisions of item K.1 of Subsection X326.1 of the Manual of Regulations for Banks on the definition of secured loan, borrowing or other credit accommodation, as follows: k. Secured loan, borrowing or other credit accommodation shall refer to any loan or credit accommodation or portion thereof …
Clarification on Secured loan and borrowing accommodation Read More »
This is to notify all RBs and partners that the BSP has certified four banks, three of which are RBs, as Accredited Rural Financial Institutions in accordance with the Rules and Regulations of RA 10000, otherwise known as the Agri Agra Reform Credit Act of 2009, and BSP Circular 736. With the accreditation, the four …
Philippine Star — The Bangko Sentral ng Pilipinas (BSP) has given another rural bank the green light to operate as a rural financial institution (RFI), bringing to four the number of small banks that could raise funds for agri-agra lending. The BSP has approved the application of Rural Bank of Sta. Catalina Inc. to operate as …
To all member RBs and partners, please be advised of Circular 753 or the Unification of the Statutory/Legal and Liquidity Reserve Requirement, Non-Remuneration of the Unified Reserve Requirement, Exclusion of Vault Cash and Demand Deposits as Eligible Forms of Reserve Requirement Compliance, and Reduction in the Unified Reserve Requirement Ratios For completeness/clarity’s sake, we have embedded …
CL 753: Unification of the Statutory/Legal and Liquidity Reserve Requirement Read More »
The name Cantilan might not ring a bell for some, but this town on the fringe of Surigao del Sur boasts of impressive postcard-worthy backdrop of unspoiled beaches and structures dating back to Spanish times. Aside from these, Cantilan is also home to one particular rural bank, which continues to heed the growing demands of …
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.
