In the face of the ever present stiff competition from bigger banking brethren, rural banks need to rapidly evolve and “be big enough” to remain efficient and profitable. Rural banks will continue to have a niche market in the ultra-competitive banking industry even if a spate of mergers and consolidation shapes the future of the …
The bullish outlook on remittances from overseas Filipino workers (OFWs) this year bodes well for businesses like rural banks which act as formal remittance channels and serve as an affordable conduit between OFWs and their beneficiaries here in the Philippines. Industry analysts expect OFW remittances to increase by 8-8.5 percent this year anchored on improved …
Strong inflow of OFW remittances to fuel rural banks’ growth anew Read More »
On December 5, 2013, the Board of Directors, management, staff and stockholders of the Rural Bank of Taal, Inc. celebrated its 50th founding anniversary with a simple but elegant dinner party held at the Taal Cultural Center (formerly the Escuela Pia), a heritage structure located within the historically preserved town plaza near the famous Basilica …
Rural Bank of Taal, Inc Celebrates its Golden Anniversary Read More »
Dear rural bankers, The Monetary Board, in its Resolution No. 2308 dated December 5, 2013, approved the revisions to Section X181 (2008-X171) of the Manual of Regulations for Banks (MORB) onBank Protection. Attached is a copy of the BSP Circular, as posted on their official website. To download a copy, please click on this link: BSP Circular 823 on …
BSP Circular 823: Amendment of Section X181 (2008-X171) on Bank Protection Read More »
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) have approved the extension of the Strengthening Program for Rural Banks (SPRB) Plus from 31 December 2013 to 31 December 2014 with certain amendments and enhancements, to encourage more mergers, consolidations and acquisition of eligible rural banks (RBs) and thrift banks (TBs) …
Bayan Academy with a grant from Citi Foundation will be implementing the Citi Microenterprise Development Program, an entrepreneurship and management capability building course for microentrepreneurial clients of MFIs, cooperatives and rural banks to improve their knowledge on enterprise development as they face the challenges of expanding and growing their businesses. Through the program, they are …
Dear Fellow Rural Bankers, We are pleased to inform that the Confederation of Central Luzon Rural Banks, Inc. (CCLRBI) will hold its 2014 Annual Management Conference at the Forest Lodge, Camp John Hay, Baguio City on February 27 & 28, 2014. This year’s conference theme is: “A BRAVE NEW WORLD” A changing banking environment, a …
CIRCULAR LETTER: CCLRB 2014 Annual Management Conference Read More »
For years, the agricultural sector has been the unheralded hero of the economy, often operating under the radar compared to the more celebrated services and industry sectors. Meanwhile, the rural banking industry has consistently been supportive of agri, also in consonance with its mandate to allocate a portion of their loanable funds to the sector. …
Agribiz’s development rests on rural banks’ commitment Read More »
TO: RBAP MEMBER RURAL BANKS RE: CFIEP SURVEY (Countryside Financial Institutions Enhancement Program) & Member bank info (new) form DUE: 16 JANUARY 2014 (Thursday) *extended deadline ———————————————- Dear Rural Bankers, Greetings! The CFIEP is seeking your opinion on how they can further assist the Countryside Financial Institutions (CFIs) particularly the …
IMPORTANT: CFIEP Survey due 16 January 2014 and member bank info form Read More »
Dear fellow rural bankers, We are pleased to announce the holding of the 2014 Confederation of Southern Tagalog Rural Bankers Annual Management Conference on March 3-4, 2014 (Monday and Tuesday) at the Forbes Ballroom, Baguio Country Club, Baguio City. This year’s Conference theme is: “Phoenix, Relauching The Rural Bank Brand”. The theme will highlight the …
AMLA Seminar: Briefing on BSP Cir.706 Updated AML Rules and Regulations Date: February 05, 2014 (Wednesday) Venue: Gov. Licaros Hall, RBAP Bldg, Intramuros, Manila Time: 8:30am to 5:30pm Resource Person: ATTY. MEL GEORGIE B. RACELA, CPA, LLB, LIM Dep. Dir. and Head of AMLSG , Banko Sentral ng Pilipinas Seminar Fee: 1. Early bird – …
From a potential acquiree, rural banks may soon find themselves as a possible acquirer this time around. In a dramatic twist of events, well-capitalized rural banks are now in a position to acquire ailing cooperative banks. This came about after the Bangko Sentral ng Pilipinas (BSP), Philippine Deposit Insurance Corp. (PDIC) and Land Bank of …
Filipinos are well known for our hospitality and sharing. In fact, whenever we are eating, it is not uncommon for us to say kain na to a friend, officemate or even to a complete stranger who just happened to walk by to ask for directions. In the event of disasters, this character comes to fore …
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