November 2013

Time to be prudent

If there is one message the onslaught of super typhoon Yolanda has so savagely delivered to numerous businesses in the country, it’s that the debilitating impact of natural calamities has been increasingly harder to predict, much less prepare for. Climate change has rewritten the rules of Mother Nature. What used to be regarded as “un-floodable” […]

Time to be prudent Read More »

BSP Memorandum No. M-2013-052: Temporary Relaxation of Implementation of Know Your Customer (KYC) Requirement – Non-Presentation of Identification Document in Processing Transactions of Victims of Super Typhoon Yolanda

The Monetary Board, in its Resolution No. 1959 dated 21 November 2013 approved to temporarily waive the presentation of official Identification Document (IDs) in processing transactions of victims of Super Typhoon Yolanda. For further details, please visit: http://www.bsp.gov.ph/downloads/regulations/attachments/2013/m052.pdf To download a copy of the Memo, please click this link: BSP Memorandum No. M-2013-052

BSP Memorandum No. M-2013-052: Temporary Relaxation of Implementation of Know Your Customer (KYC) Requirement – Non-Presentation of Identification Document in Processing Transactions of Victims of Super Typhoon Yolanda Read More »

BSP MEMORANDUM NO. M-2013-050: Regulatory Relief for Banks Affected by Typhoon “Yolanda”

Dear rural bankers, Please be advised that the Bangko Sentral ng Pilipinas (BSP) has issued Memorandum No. M-2013-050 which provides for regulatory relief for banks affected by Typhoon Yolanda. To download a copy of this document, please click on this link: BSP Memorandum No. M-2013-050 Thank you. RBAP Secretariat

BSP MEMORANDUM NO. M-2013-050: Regulatory Relief for Banks Affected by Typhoon “Yolanda” Read More »

RBAP Opens LBP Account For Typhoon Yolanda Victims

19 November 2013 To: ALL RURAL BANK OWNERS RE: Donation for Typhoon Yolanda victims ______________________________________________________________________________ Dear Fellow Rural Bankers: As we all well know now, Typhoon Yolanda, recorded as the strongest typhoon ever in history, cut across a large swath of provinces in the central Philippines, from Samar to Palawan. This unprecedented devastation ruined countless

RBAP Opens LBP Account For Typhoon Yolanda Victims Read More »

BSP Memorandum No. M-2013-048 re : Weekly Report on Required and Available Reserves Against Deposit Liabilities

Dear rural bankers, Attached for your guidance is the Memorandum to All Rural Banks and Cooperative Banks on the Guidelines on the Electronic Submission of the Weekly Report on Required and Available Reserves Against Deposit Liabilities dated 7 November 2013. The updated WRRAR reporting data entry template shall be used effective for reserve report week-ending

BSP Memorandum No. M-2013-048 re : Weekly Report on Required and Available Reserves Against Deposit Liabilities Read More »

NEW: RBAP 56th Charter Anniversary Symposium Presentation

Dear rural bankers, We are pleased to inform everyone that the first batch of the RBAP 56th Charter Anniversary Symposium Presentations are already uploaded. To download a copy, please click on the link provided below: DAY 1 1. Managing Relevant Change: A Road Ahead for the Rural Banking Industry by BSP Deputy Governor Nestor A.

NEW: RBAP 56th Charter Anniversary Symposium Presentation Read More »

BSP Circular No. 817 – Amending Subsections X361.5 and X361.7, Manual of Regulations for Banks, on the Granting of Housing Microfinance and Micro-Agri Loans

Date Issued: 11.06.2013   CIRCULAR NO. 817 Series of 2013 Subject: Amending Subsections X361.5 and X361.7, Manual of Regulations for Banks, on the Granting of Housing Microfinance and Micro-Agri Loan To download, please click on this link: c817

BSP Circular No. 817 – Amending Subsections X361.5 and X361.7, Manual of Regulations for Banks, on the Granting of Housing Microfinance and Micro-Agri Loans Read More »

Growth spurt

The rural banking industry is now starting to feel the effects of the policies laid down by regulators to encourage more growth among rural banks. In the coming months, 13 rural and cooperative banks will get to open new branches after the Bangko Sentral ng Pilipinas gave them authority to open new branches in different

Growth spurt Read More »