Day: January 21, 2014

Rural Bank of Taal, Inc Celebrates its Golden Anniversary

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 »

BSP Circular 823: Amendment of Section X181 (2008-X171) on Bank Protection

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 »

BSP, PDIC Approve the Extension of SPRB Plus

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) …

BSP, PDIC Approve the Extension of SPRB Plus Read More »