MANILA, Philippines – In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has …
Philippine Star: Mobile Banking Expands in Rural Areas Read More »
One of the leading proponents of opening up the rural banking industry to foreign ownership made several important points on why active foreign participation will not only enable rural banks, which have been present for 60 years, to better compete with its bigger brethren, but also further improve rural banks’ line of services for its …
I. INTRODUCTION: Mr. President, it is my honor, pride and privilege to rise in this august Chamber to sponsor this important piece of economic legislation. I rise to sponsor Senate Bill No. 3282, “AN ACT ALLOWING INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS THE …
Sen. Osmena Sponsorship speech on RB Foreign equity bill Read More »
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The BSP’s Central Supervisory Support Subsector is again requiring us to submit a consolidated report on the comparative benchmark median rates on bank deposits of rural banks for third quarter. In connection with this, please fill up the enclosed survey form. Survey Template If the bank has different rates for its head office and branches, please …
This is to advise all of the change of name of Rural Bank of Lubao, Inc. to Bank of Lubao (A Rural Bank) Inc, stipulated in BSP Circular No. 2012 – 066. Its’ amended articles and by-laws bearing its new corporate name was registered with the Securities and Exchange Commission on 15 August 2011. For …
The Philippine Deposit Insurance Corporation (PDIC) has expressed support for the Senate and House bills that aim to amend the Rural Banking Act, allowing foreign ownership of rural banks. According to PDIC President Valentin A. Araneta, the broadening of sources of capital and banking technology implied by the proposed amendments could only serve to increase …
ZNFRB Circular No. 2012-01 To: All RBAP Members Subject: 32nd Mindanao Rural Bankers Management Conference The ZaNorte Federation of Rural Banks (ZNFRB) will be hosting the 32nd Mindanao Rural Bankers Management Conference on October 11-12, 2012, at the Dakak Park and Beach Resort, Dapitan City, ZaNorte, with the theme: “Strengthening the Road of Rural …
Re-Broadcast: Mindanao Management Conference at Dakak Beach Resort Read More »
The regulator has said it. Credit rating agencies have said it. Now, the continuing test is for rural banks to show the public that the rural banking industry indeed remains stable and robust. In a virtual vote of confidence, the Bangko Sentral ng Pilipinas (BSP) said that the recent closures among some rural banks do …
FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : BASIC COURSE ON TELLERING 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 the rural banking industry: Course Title: Basic …
FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : AMLA SEMINAR :BRIEFING ON BSP CIR. 706 – UPDATED AML RULES AND REGULATIONS 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 …
CLOSED — AMLA Seminar: BSP Cir 706 -UARR – Oct 17, 2012 Read More »
FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : CIRCULAR LETTER: CREDIT INVESTIGATION & BASIC COURSE ON PROPERTY APPRAISAL 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 …
CLOSED — CI & Basic Property Appraisal – Oct 19-20, 2012 Read More »
Rang-ay Bank opened its 4th Branch for the year 2012 last August 28 with the blessing and inauguration of its Dingras, Ilocos Norte Branch. The opening ceremony and cutting of the ribbon was led by Dingras Town Mayor Engr. Erdio Valenzuela and former Professional Regulatory Commission Board of Dentistry Chair Dr. Rosita Canlas-Nisce. The blessing …
Rang-Ay Bank’s 24th branch opens in Dingas, Ilocos Norte Read More »
November may be three months away, but the RBAP Secretariat would like to advise all partners, peers and friends on the upcoming symposium in celebration of 60 wonderful years of Rural Banking. We expect this year’s symposium at the Fiesta Pavilion of the Manila Hotel from November 19 – 20 to be more engaging as …
Re-broadcast: November 19-20 RBAP Symposium at the Manila Hotel 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.
