The Rural Bankers Association of the Philippines, the Bangko Sentral ng Pilipinas and the Philippine Deposit Insurance Corporation held a technical working group meeting last 22 May 2013 to discuss the adoption of a Uniform Core Banking System (UCBS) for rural banks in the country. The UCBS is expected to upgrade and modernize the rural …
Dear RBAP Members: For your reference, we have uploaded the presentations of the speakers in our 60th Annual National convention last 10-11 June 2013 at Sofitel Plaza Manila. View / Download: Speakers’ Presentations Day 1 (June 10, 2013) Speakers’ Presentations Day 2 (June 11, 2013)
Dear Member-Rural Banks, Attached for your guidance is the Memorandum to All Stand Alone Thrift Banks, Rural Banks and Cooperative Banks on the enhancement to the Risk-Based Capital Adequacy Ratio (CAR) Report in relation to recently issued regulations dated 7 May 2013. The said template shall be adopted starting with the reporting period ended …
Dear RBAP Members: For your guidance, attached is the list of Certificates of Candidacy received for 2013 RBAP Elections. View/ Download LIST OF COCs 2013 LIST OF COCs 2013
With the law allowing the infusion of foreign equity in rural banks now in place as embodied in Republic Act (RA) 10574, it is expected that foreign investors will start fostering partnerships with local industry players to fuel new investments to boost economic growth in the countryside. In the next months, financial strategies shall be …
Dear All, Attached is the BSP Survey Results: Comparative Median Rates Per Province for 4th Quarter 2012. This is also posted in the BSP website, www.bsp.gov.ph. View / Download BSP Comparative Median Rates 4th qtr 2012
03 June 2013 Dear RBAP Members, Federation and Confederation Presidents: As part of our commitment with the Bangko Sentral ng Pilipinas, we would like to remind you of the submission of deposit interest rates for the Second Quarter of 2013. The deadline for the submission of the Second Quarter Deposit Interest Rates is on July 8, 2013 …
Submission of 2nd Quarter Deposit Interest Rates – July 8, 2013 Read More »
Dear RBAP Members: For your guidance, attached is the Program for the RBAP 60th Annual National Convention on June 10-11, 2013 at Sofitel Philippine Plaza, Manila. View/Download RBAP 60th Annual National Convention Program
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 …
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