March 2014

Malarayat Rural Bank, Inc. celebrates its 58th Anniversary

The Malarayat Rural Bank, Inc. (MRBI) has reached a milestone as it celebrated its 58th anniversary last March 26, 2014 at the bank’s head office in Lipa City, Batangas. The event, attended by the bank’s Board of Directors and staff, opened with a Thanksgiving mass presided by Lipa Cathedral Parish Priest Msgr. Rafael “Boy” Oriondo. …

Malarayat Rural Bank, Inc. celebrates its 58th Anniversary Read More »

BSP Memorandum No. M-2014-015: Revised Effectivity Date of Reporting the Movement and Aging of Non-Performing Loans (NPLs)

With reference to Memorandum No. M-2013-053 dated 06 December 2013 on the Enhancements to the Financial Reporting Package (FRP) related to the new reportorial requirement intended to account for the movement in and aging of NPLs, the effectivity date of said new reportorial requirement is hereby moved to reporting period quarter ending 30 June 2014 …

BSP Memorandum No. M-2014-015: Revised Effectivity Date of Reporting the Movement and Aging of Non-Performing Loans (NPLs) Read More »

BSP Memorandum No. M-2014-017: Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations

Dear rural bankers, The Bangko Sentral ng Pilipinas issued Memorandum No. M-2014-017 on the Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations. Pertinent provisions are as follows: Pursuant to Circular No. 827 dated 28 February 2014 on the amendment to the Risk-based Capital Adequacy Framework for Stand-Alone Thrift …

BSP Memorandum No. M-2014-017: Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations Read More »

Risk Management Concepts & Applications – May 09-10, 2014

Date: May 09-10, 2014 (Friday-Saturday) Venue: Gov. Licaros Hall, RBAP, Intramuros, Manila Time: 8:30am to 5:30pm Resource Person: Ms. Teresita E. Cheng First Vice President Land Bank of the Philippines Seminar Fee: 1. Early bird – P4,200 (on or before April 15) 2. Regular Rate –P4,600 (After November Apr 15) 3. Non-Member/Delinquent – P5,520 Mode …

Risk Management Concepts & Applications – May 09-10, 2014 Read More »

Marketing Strategy of Bank Services – May 15-16 2014

Date: May 15-16, 2014 (Thursday-Friday) Venue: RBAP, Intramuros, Manila Time: 8:30am to 5:30pm Resource Person: MR. REMIGIO TITO TIRONES Seasoned Bank Officer, Trainer Bank & SME Consultant Seminar Fee: 1. Early bird – P4,200 (on or before Apr 21, 2014) 2. Regular Rate – P4,600 (After Apr 21, 2014) 3. Non-Member/Delinquent – P5,520 Mode of …

Marketing Strategy of Bank Services – May 15-16 2014 Read More »

Visayas Management Conference (April 29-30, 2014) Iloilo City

Dear RBAP member RBs, Greetings! This year’s Annual Visayas Management Conference will be hosted by Chamber of Iloilo Rural Banks, Inc. The event is on April 29-30, 2014 (Tuesday-Wednesday) at the Amigo Terrace Hotel, Iloilo City. Attached herewith is the circular for more details. We look forward for your support and active participation. Thank you …

Visayas Management Conference (April 29-30, 2014) Iloilo City Read More »

BSP to Banks: Upgrade ATM software by April 8

MANILA, Philippines–Regulators are set to issue a reminder for local banks to upgrade the software their automated teller machines (ATM) are running to ensure they are shielded from possible security risks. This comes ahead of the end of support for the nearly 13-year-old Windows XP operating system by its creator, tech giant Microsoft Corp. “I’m …

BSP to Banks: Upgrade ATM software by April 8 Read More »

BSP Memorandum No. M-2014-011: BSP’s Expectations for an Effective External Audit Function

The Bangko Sentral ng Pilipinas (BSP), in its Memorandum No. M-2014-011, has issued a set of guidelines for external audit firms that handle assessments of financial institutions. The memorandum, which outlines the guiding principles for an effective external audit function, will be used by the BSP in assessing the effectiveness of the oversight of the …

BSP Memorandum No. M-2014-011: BSP’s Expectations for an Effective External Audit Function Read More »

2014 RBAP Annual National Convention & Election Circular

Dear RBAP member banks, Greetings! Please find attached files re: 2014 RBAP Annual National Convention and Election circulars. The event is on May 21-22, 2014 (Wednesday-Thursday) at SMX, Davao City. To avail the discounted registration fee (early bird) please register on or before 5:00 PM of 30 April 2014. Also, please note that the deadline …

2014 RBAP Annual National Convention & Election Circular Read More »

Building financial capabilities through m-banking

Rural banks already play a big role in small communities. They serve over one million low-income families who trust them for microinsurance, loans, savings and other crucial banking services that help them build a financial foundation to support themselves and their families. As such, it is important that these services are made readily available and …

Building financial capabilities through m-banking Read More »

BSP issues warning on ‘Bitcoins’

THE Bangko Sentral ng Pilipinas (BSP) warned the public of “Bitcoins,” or virtual currencies currently being exchanged in the country, saying monetary authorities were still studying the “appropriate regulatory measure” on the new technological innovation. The central bank said Bitcoins were a form of unregulated digital money that allows purchase of both virtual goods, such …

BSP issues warning on ‘Bitcoins’ Read More »

INVITATION: PDIC’s “Takbo Sa Pagbangon ng Leyte” on May 4, 2014

March 11, 2014   Dear Rural Bankers, The Philippine Deposit Insurance Corporation (PDIC) has invited us to take part in their benefit run, “Takbo Sa Pagbangon ng Leyte,” on May 4, 2014 at the PNB Financial Center along Pres. Diosdado Macapagal Boulevard, Pasay City. The initiative, done in partnership with Gawad Kalinga Community Development Foundation, …

INVITATION: PDIC’s “Takbo Sa Pagbangon ng Leyte” on May 4, 2014 Read More »

BSP Circular No. 827: Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks

Dear rural bankers, The Monetary Board, in its Resolution No. 232 dated February 7, 2014, approved the amendments to Appendix 63c and other related provisions of the Manual of Regulations for Banks (MORB) on the revised risk-based capital adequacy framework for stand-alone thrift banks, rural banks, and cooperative banks Attached is a copy of the …

BSP Circular No. 827: Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks Read More »