December 12, 2013

Helping the helper

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 […]

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Summary of Regulatory Relief Granted by BSP to Rural Banks

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

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Home Guaranty Corporation (HGC) Accreditation for Rural Banks

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

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BSP MEMORANDUM NO. M-2013-055: Standard Coding for PhilPass Transactions

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

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