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 »
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.
