2012

Amendments on exemptions granted to small and micro-enterprises

This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises.  As stipulated: “Loans small and micro enterprises which are not specifically exempted from the additional documentary requirements specified under the third …

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RBAP official pays courtesy call to Senator Marcos

The Rural Bankers Association of the Philippines, led by Executive Director Vicente Mendoza recently paid a courtesy call to Senator Ferdinand Marcos to request for sponsorship of a senate bill, amending foreign equity ceilings in rural banks. If amended, rural banks would have additional funds available for borrowers (i.e. farmers, micro-entrepreneurs, fisherfolk) in the countryside. …

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CIR Strengthening Credit Risk Management -Feb 15-16, 2012

FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman Dear Fellow Rural Bankers: As part of Rural Bankers Association of the Philippines (RBAP) continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will be conducting seminar on Strengthening Bank Credit Risk Management. Course …

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Article on cooperation between DA and Rural Bankers on Phil Star

Efforts by rural bankers to provide better credit access  to farmers and fisherfolk was again featured in the business section of the Philippine Star.  The article,  published on January 29, reported the fruitful meeting between the officers of RBAP and Secretary Alacala of the Department of Agriculture. Aside from the varied measures and fund guarantees …

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Deposits up in Q3 2011

Another good showing for the rural banking industry as the Philippine Deposit Insurance Corporation (PDIC) reports a significant increase in the total level of deposits. As of third quarter in 2011, total deposits in RBs increased by 4.1% from P119.5 billion to P124.4 billion. Based on the general breakdown for all banks (commercial, thrift, rural, …

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RBAP delegation pays courtesy call to Sec. Alcala

RBAP officials led by President Ian Eric S. Pama and Executive Director Vicente Mendoza recently held a meeting with Secretary Proceso J. Alcala and Undersecretary Fleta of the Department of Agriculture to discuss measures on how the DA’s office can effectively support and strengthen its’ partnership with  the rural banking industry.   The two parties …

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RBAP supports restoration campaign

Proponents of the Save the Ifugao Rice Terraces Movement can now count on the support of RBAP as the association recently pledged its intention of donating 25,000 pesos, which will be used to purchase a mechanical grass cutter for the rehabilitation of the terraces.  Members and trustees of the RBAP board unanimously gave their resounding concurrence …

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Circular letter No. 2012-08 on Resolution No. 83 of the Anti-Money Laundering Council

This is to inform everyone of RN 83, detailing the decisions and recommendations authorized by the Anti-Money Laundering Council.  Stipulated in said document are the following: 1. Approval of the Revised List of Transaction Codes; 2. Authorizing the secretariat to evaluate and approve any request for addition of transaction codes to the transaction library with …

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Revised Rules on offenses, fines, and procedure in Administrative Investigations

To all Rural Bankers, please be advised of the approved promulgation on the revised PDIC Rules on Administrative Offenses, fines and procedure in Administrative Investigations.  This regulatory issuance is pursuant to Section 21 of RA No. 3591, as amended (the “PDIC Charter”), the Board of Directors of PDIC, by virtue of Resolution No. 2011-12-259 dated …

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AMCLS reports on suspicious transactions

Please be informed of the latest circular of the Anti-Money Laundering Council, pursuant to Resolution No. 120 dated 18 October 2011.  As stipulated in the resolution, all covered banking and financial institutions are required to submit reports on any suspicious transactions involving Egyptian officials from he former government of Hosni Mubarak. For more details on …

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Repost: 2012 RBAP Convention in Boracay

The Rural Bankers Association of the Philippines, in cooperation with the Iloilo Federation of Rural Bankers,  is pleased to announce the holding of the RBAP National Annual Convention at the Boracay Regency Hotel from May to 24 – 25 , 2012. For other upcoming news and updates, we encourage all  to continuously monitor the RBAP …

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