The Zamboanga del Norte Federation of Rural Banks, headed by Atty. Alan Z. Ranillo, has gathered Representatives from different Rural Banks, companies in support of financial institutions, specialists, and regulators to promote its objective of “strengthening the road of Rural Banking”. According to Atty. Ranillo, the need for rural bankers to innovate, improve and reinforce …
The Bangko Sentral ng PIlipinas on October 16,2012 released a circular on Amendments to Regulations on Non-Performing Loans. For full details of the circular please click the link provided below: http://www.bsp.gov.ph/regulations/regulations.asp?type=1&id=3013
MicroSave would like to invite rural bankers for its upcoming on line conference on October 30-31,2012. The conference will highlight the experiences of successful micro-insurance providers and how aspiring micro-insurance agents can penetrate the market. The Virtual Conference will be broken up into 3 hours long sessions, over 2 days. To view full details, please clik on the link …
The Bangko Sentral ng Pilipinas on Oct 12,2012 released a memorandum on Transitory Guidelines on the Reporting of Deposit for Stock Subscription in Prudential Reports. To view full details of the memo, please see the link provided below: http://www.bsp.gov.ph/downloads/Regulations/attachments/2012/m048.pdf
The Rural Bankers Association of the Philippines and the Bangko Sentral ng Pilipinas wishes to inform the bankers community of the establishment of a new bank located in Trece Martires, Cavite called Cavite United Rural Bank. To view full details of circular, please click the ink below: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/cl072.pdf
The Bangko Sentral ng Pilipinas ,on Oct 11,2012 , has amended provisions of the Merger and Consolidation Incentives. To view signed circular, please click the link provided below: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c771.pdf
Please be advised that the Bangko Sentral ng Pilipinas-Anti-Money Laundering Council wishes to inform the Rural Banks about a resolution concerning the Anti-Money Laundering Law. Kindly read the message below. The Anti-Money Laundering Council (AMLC) issued Resolution No. TF-02, dated 08 October 2012, directing covered institutions to freeze and preserve without delay property or …
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 …
“Late last night the website of the Bangko Sentral ng Pilipinas (http://www.bsp.gov.ph/) was hacked by a group who claimed to speak for freedom. For a few hours, our website was inaccessible to those who needed to get real-time information from the BSP. We apologize to the public that we serve for this interruption. As of …
The Rural Bankers Association of the Philippines (RBAP) on Wednesday ,September 26, met with the Microenterprise Access to Banking Services (MABS) for a hand over ceremony after years of partnership. MABS is an economic program that seeks to develop the expansion of Philippine rural bank s to micro financing by providing training and technical assistance. …
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