The perception that poor people do not save money is a tad overblown. The fact is, they do, whenever they can. According to the Bangko Sentral ng Pilipinas (BSP), as of end-March of this year, savings of microfinance clients reached P8.22 billion, a staggering improvement of 93 percent from P4.27 billion during the same period …
Dear RBAP Members, Please be informed that the nomination for the 2013 Microentrepreneurship Awards (CMA) previously known as the Citi Microentrepreneur of the Year (MOTY) Awards Program has been opened. For more information about the awards, please see files below. Deadline for submission of nomination is July 22, 2013. Kindly email MCPI secretariat at : …
Dear RBAP Members: For your guidance, below is Bangko Sentral ng Pilipinas (BSP) Circular Letter No. CL-2013-037: Publication/Posting of Balance Sheet (BS) and Consolidated Balance Sheet (CBS). The Circular Letter is posted in the BSP Website View/Download: BSP Circular Letter No. CL-2013-037
Outgoing RBAP President Atty. Edward Leandro Z. Garcia Jr., Outgoing RBRDFI Chairman Mr. Ian Eric S. Pama and Incumbent RBAP Executive Director Mr. Vicente R. Mendoza welcomes the members of the RBAP in the 60th Annual National Convention held last 10-11 June 2013 at Sofitel Plaza Manila.
Incoming RBAP President Vittorio Z. Almario introduces BSP Deputy Governor Nestor A. Espenilla Jr. to the participants of the 60th RBAP Annual National Convention. Mr. Almario, who hails from Mindanao, is the President of the Rural Bank of Mati, in Davao Oriental.
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
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 …
Small step for rural banks, giant leap for financial inclusion Read More »
Rural banks have mixed opinions on whether the capital adequacy ratio (CAR) of 10 percent imposed by the Bangko Sentral ng Pilipinas is too punitive or just good enough to provide a safety net for rural banks and their clients. As the measure of a bank’s financial strength expressed by the ratio of its capital …
Dear RBAP Members, For your guidance, below is Bangko Sentral ng Pilipinas (BSP) Circular No. 802: Amendment of Section X156 of the Manual of Regulations for Banks (MORB) on the Submission to the Bangko Sentral ng Pilipinas (BSP) of the Notice of Intended Closure of Banks and/or Their Branches or Other Offices Due to Local …
Good day RBAP Members: For your guidance, below is Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2013-031: Interest Income Received from the Bangko Sentral ng Pilipinas. The Memorandum is posted in the BSP Website View/Download BSP Memorandum M-2013- 031
Dear RBAP members: For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular No. 801 – Revised Cross-selling Framework. The Circular is also posted in the BSP Website. View/Download BSP Circular No. 801
Dear RBAP Members: For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2013 – 030: Foreign Account Tax Compliance Act (FATCA). The Memorandum is also posted in the BSP Website. View/Download BSP Memorandum No. M-2013-030
RBAP President Atty. Edward Leandro Garcia speaks before senior executives from regulators, central & commercial banks, microfinance institutions and network operators in the 4th Annual Mobile Payments & Banking for Greater Mekong and Emerging Markets held last 12-13 June 2013 in Phnom Penh, Cambodia. Atty. Garcia was invited in the conference to share about the …
4th Annual Mobile Payments and Banking for Greater Mekong and Emerging Markets Read More »
01 July 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 …
Reminder: JULY 8, 2013 – Deadline of Submission of 2nd Qtr Deposit Interest Rates Read More »
Dear RBAP Members: For your guidance, below is the Bangko Sentral ng Pilipinas (BSP) Circular Letter No. CL-2013-035: Updated Validation Rules of the BSP for the Financial Reporting Package The Circular Letter is also posted in the BSP Website. Download BSP Circular Letter No. CL-2013-035.
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