Dear RBAP Members: For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2013-023: BSP Compliance Rating System. The Memorandum is also posted in the BSP Website View/Download BSP Memorandum No. 2013-023
Dear RBAP Members: For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular No. 797: Enforcement Actions on Banks in relation to Section 123 of Republic Act No. 7653. The said circular is also posted in the BSP website. View/download BSP Circular No. 797
New law allows foreigners to own 60% of rural banks By Delon Porcalla (The Philippine Star) MANILA, Philippines – President Aquino has signed a law allowing foreigners to own up to 60 percent of voting stocks in rural banks. Under RA 10574, signed by the President last May 24, non-Filipino citizens may now own, acquire …
Philippine Star: New law allows foreigners to own 60% of rural banks Read More »
The bill allowing foreigners to invest in rural banks in the country was recently enacted into law. The Rural Bankers Association of the Philippines (RBAP) on Wednesday hailed the signing by President Aquino of the measure that would allow foreign equity in rural banks, saying this would boost the rural banking sector. With the law, …
Philippine Daily Inquirer: New law seen to strengthen rural banks Read More »
Rural banks opened to foreigners FOREIGNERS can now take majority stakes in rural banks after President Benigno S.C. Aquino III approved changes to a law that had limited ownership to Filipinos. Republic Act (RA) 10574 amends the Rural Act of 1992 by allowing foreign investors to own acquire or purchase up to 60% of voting …
Business World: Rural banks opened to foreigners Read More »
The country can expect a stronger rural banks at par with commercial banks in terms of product and services that it can provide to its clientele with the recent passage of Republic Act (R.A.) 10574, which allows foreign investments in rural banks. R.A. 10574, or “An Act Allowing the Infusion of Foreign Equity in the …
The Rural Bankers Association of the Philippines (RBAP) expressed gratitude to President Benigno Simeon Aquino III for signing into law the Foreign Equity Bill or Republic Act (RA) 10574, saying this will help create an environment conducive to economic growth in the countryside. “The passage of the Foreign Equity Bill into a law is a …
RBAP lauds PNOY for signing Foreign Equity Bill into law Read More »
Nowadays, projects that involve conservation and recycling are no longer limited to just corporate social responsibility undertakings. Going green has gained mainstream consciousness. Gone are those days where the color green just stands for dollar or any currency for that matter. Environmental protection has already impacted enterprise mentality greatly, so much so that business decisions …
The most agonizing part of post-elections scenario is the “waiting period.” Not just waiting for the election results (which could take a month and, in some cases, even years), but also waiting for the campaign promises made by the candidates, especially by Senate and Lower House hopefuls, to come to fruition. In today’s fast-paced world …
15 May 2013 To All RBAP Members: Please be reminded that the deadline for filing of CERTIFICATE OF CANDIDACY (COC) for the 2013 RBAP Elections is until 5 o’clock in the afternoon of MAY 26, 2013 (Sunday). For your guidance, attached is the Notice for the 2013 Elections and the required forms for candidacy. Kindly send your certificate of candidacy …
For your guidance, attached is BSP Memorandum No. M-2013-019: Accredited Corporate Governance Seminar Providers The memorandum is also posted in the BSP website. View BSP Memorandum M-2013-019
For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular No. 796 – Amendments to Appendix 45 (Notes on Microfinance) of Section X361 of the Manual of Regulations for Banks (MORB). Circular No. 796 is posted in the BSP website. View BSP Circular No. 796.
For your guidance, attached is the Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2013: Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations. The memorandum is also posted in the BSP website. View BSP Memorandum No. M-2013-017
The lack of access to microfinancing is still considered one of the main problems facing rural communities today, as most of them are forced to resort to “5-6” lenders or loan sharks to finance their small businesses. Thus it is viewed that a rural bank-OFW partnership towards delivering microfinance funding will not only provide rural …
Please be reminded that May 10, 2013 (Friday) 5:00 PM is the deadline of EARLY BIRD REGISTRATION for the RBAP 60th Annual National Convention on June 10-11, 2013 at Sofitel Philippine Plaza, Manila. To avail the discounted rate, kindly register on or before the said deadline. For your convenience, you may directly download the convention …
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.
