The recent symposium of the Rural Bankers Association of the Philippines (RBAP) held in November centered on relevance for this year’s theme, believing that it is high time to examine the significance of rural banking to the owners themselves, to the clients, community and to regulators. Flags of concern should be hoisted up if any …
The Bangko Sentral ng Pilipinas (BSP) today announced the circulation of a ten-piso legal tender coin to highlight the nationwide celebration of the 150th birth anniversary of Filipino patriot Gat. Andres Bonifacio. The BSP has previously issued P1-piso legal tender commemorative coins for the 150th birth anniversary of Dr. Jose Rizal. Widely regarded as one …
Dear rural bankers, As of December 17, 2013, 12noon, the total cash donations that we have received is PhP2,452,715.65 coming from 60 RB owners and various Federation and Confederation. Total amount of donation distributed to various rural bank’s employees amounted to PhP1,494,000.00. Total remaining RBAP Yolanda Fund as of Dec. 17, 2013 is PhP958,715.65. To …
Status Report on Donations to victims of Typhoon Yolanda Read More »
Dear rural bankers, Attached is the reply of Land Bank on our request for waiver of their inter-branch fees, for your reference.
Dear rural bankers, Please be informed that the RBAP Secretariat will continue to receive donations for Typhoon Yolanda victims only until December 17, 2013 (Tuesday). This is to finalize the list of contribution and to facilitate disbursement process to affected rural banks. We are hoping for your cooperation on this matter. Thank you. RBAP Secretariat
In the wake of the devastation brought by super typhoon Yolanda, the Rural Bankers Association of the Philippines (RBAP) has proposed to some government agencies several rehabilitation measures to help rural banks and their respective staff and clients get back on their feet following the debacle. In their proposal to the Bangko Sentral ng Pilipinas …
As a response to RBAP’s proposal for the rehabilitation of rural banks affected by Super Typhoon Yolanda, the Bangko Sentral ng Pilipinas (BSP) granted the following: For the rehabilitation of the bank’s manpower: 1. Direct financial assistance beyond the limits of each affected rural banks BSP-approved Financial Assistance Program for bank staff as per BSP …
Summary of Regulatory Relief Granted by BSP to Rural Banks Read More »
The government, through Vice-President and Housing and Urban Development Coordinating Council (HUDCC) Chair Jejomar C. Binay, reaffirmed its support to rural banks and microfinance institutions in housing loan activities through the Home Guaranty Corporation (HGC) guaranty. To maximize this program, we highly encourage our member rural banks to become an HGC accredited bank. Uploaded on …
Home Guaranty Corporation (HGC) Accreditation for Rural Banks Read More »
In pursuit of effective communication, we would like to remind everyone to please check your bank’s contact details at www.rbap.org directory. Make sure that all details are correct and active. Any inaccuracy in your contact details can be picked up by our regulators, which will then assume that your bank received their messages. The Bangko …
We encourage confederations and/or federations to create an organization of compliance officers that will help us analyze the suitability of BSP circulars to our industry. A “one-time” subsidy amounting to P2,000 for federation level and P1,000 for confederation level will be provided to support initial organizational meeting
The BSP Organizational Chart is now uploaded in our website. The chart reflects the structure and key officials of BSP that rural banks are in contact with. To see the chart, please click on this link https://rbap.org/directory/simplified-bsp-organizational-chart-for-rbs/
The Bangko Sentral ng Pilipinas (BSP), with its mandate to ensure a safe and efficient payments system, will be implementing a standard transaction coding system in order to properly identify the nature of banks’ funds transfer and payment instructions that are coursed through PhilPass for settlement. To get a copy of the BSP Memo, please …
BSP MEMORANDUM NO. M-2013-055: Standard Coding for PhilPass Transactions Read More »
To: ALL BANKING INSTITUTION Subject: National Banking Week 2014 Pursuant to Proclamation No. 2250 dated 10 December 1982 (copy attached) designating 1 to 7 January as National Banking Week, all banking institutions and their branches are enjoined to undertake during the period such promotional and publicity-generating activities as advertising, window and counter displays, streamers, distribution …
BSP Circular Letter No. CL-2013-064: National Banking Week 2014 Read More »
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