February 2014

A matter of trust

Banking is a business of trust. It involves money, which is important to practically everybody, and anything important ought to be protected and entrusted only to those worthy. Among the poor, the trust in rural banks has always been there and continuously builds up steadily as these community-based financial institutions have shown the capability to …

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Taking care of our own

The spirit of “Bayanihan” was never more pronounced than the time the whole country bonded together in multi-pronged recovery and reconstruction efforts following the bout with super typhoon Yolanda. Political, religious, and ethnic differences were temporarily shelved in favor of helping each other bounce back from that harrowing ordeal. The rural banking industry epitomizes that …

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Tighter rules on real estate loans mulled

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) may implement stricter guidelines on banks’ exposure to the real estate sector as the country’s property market continues to boom. “Our prudential focus here is to monitor and determine whether acceptable credit standards are maintained by banks with respect to their exposures to real estate,” BSP …

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Guidelines on the Housing Loan Receivables Purchase Program of the National Home Mortgage Finance Corporation (NHMFC)

The National Home Mortgage Finance Corporation (NHMFC) is a Secondary Mortgage Institution (SMI) with the primary purpose of attracting long term investments through the issuance of housing bonds or other securities in order to increase liquidity in the housing sector and to purchase residential loan/mortgage receivables originated by both public and private institutions and developers …

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Taxation Seminar for RB – Mar 26 2014

FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : SEMINAR ON TAXATION FOR RURAL BANKS Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to announce that it will conduct the seminar-workshop described below as part of its continuing strategy to …

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