July 12, 2013

BSP Circular No. 803:Amendment to regulations on single borrower’s limit (SBL)

Dear RBAP members: For your guidance, below is Bangko Sentral ng Pilipinas (BSP) Circular No. 803:Amendment to regulations on single borrower’s limit (SBL). The said Circular is also posted in the BSP website. Download/View BSP Circular No. 803      

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Small step for rural banks, giant leap for financial inclusion

In yet another step in the country’s long journey toward achieving full financial inclusion, rural banks can now offer financial products like insurance policies and credit cards to their clients in the countryside, after the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), liberalized the framework for cross-selling of banks. Under

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