Dear rural bankers, This refers to the quarterly survey on bank deposit interest rates being conducted by the Bangko Sentral ng Pilipinas (BSP) for purposes of determining market benchmarks and for general guidance of the depositing public. Please be informed that for the first quarter 2014 survey, the BSP has come up with a bank …
NEW: 2014 Survey on Deposit Interest Rate Template and Guidelines from BSP Read More »
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MANILA, Philippines – The number of transactions made through the Bangko Sentral ng Pilipinas’ payments and settlements system fell in the last quarter of 2013, the central bank said in a report. The total volume of transactions settled and processed at the Philippine Payments and Settlements System (PhilPASS) went down four percent to 325,446 in …
Malaysia, home to the one of the world’s largest Muslim populations, has expressed interest in helping develop the Islamic banking industry in the Philippines, the Department of Finance said Sunday. Finance Undersecretary Jose Emmanuel Reverente said the Bangko Sentral ng Pilipinas has been holding talks with Bank Negara, Malaysia’s central bank, regarding the creation of …
BSP in talks with Malaysia counterpart to craft Islamic banking framework for PHL Read More »
The Mindanao Microfinance Council (MMC), in a bid to promote its advocacy of ending poverty in the region, conducted the Mindanao Microfinance Conference last March 28, 2014 at the Grand Men Seng Hotel in Davao City. With the theme, “Understanding the State of Microfinance Industry in Mindanao,” the annual event became an avenue for rural …
MMC 2014 Mindanao Microfinance Management Conference Read More »
RBAP Advisory: Madayaw na pagbati gikan sa Dabaw! The Davao Federation of Rural Bankers will host this years 61st Annual National Convention and General Membership Meeting on May 21-22, 2014 at SMX Convention Center at SM Lanang Premier Lanang, Davao City. On the fellowship night, we have prepared the traditional Davao food stations – Fresh …
To All Participating Rural Banks: Subject: Invitation to Register in the AGFP Orientation As part of the RBAP’s continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), in partnership with Agricultural Guarantee Fund Pool (AGFP), a program of the Department of Agriculture (DA) that encourages financial institutions …
AGFP Orientation – Iloilo Business Hotel -Apr 28, 2014 Read More »
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The Bangko Sentral ng Pilipinas (BSP) said it has resolved 99.5 percent of complaints and some inquiries or requests, from bank clients in 2013. In a BSP report, the Financial Consumer Affairs Group (FCAG) has received 2,446 complaints/inquiries/requests or CIRs last year and of this total, 2,433 has been “substantially” acted upon. The central bank …
The Monetary Board, in its Resolution No. 500 dated 27 March 2014, approved the 1-percentage-point increase in the reserve requirements of universal/commercial banks (UBs/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks (Coop Banks), and non-bank financial institutions with quasi-banking functions (NBQBs). For further details, you may download a copy of this Circular by clicking …
BSP Circular No. 830: Increase in Reserve Requirements Read More »
The Rural Bankers Association of the Philippines (RBAP) and the United States Agency for International Development (USAID) signed a Memorandum of Cooperation last March 31, 2014 to formalize their partnership in improving credit access through public land titling. The memorandum – signed by RBAP Executive Director Vicente R. Mendoza and USAID Mission Director Gloria D. …
Tiaong Rural Bank, Inc. (TRBI) celebrated its sixth decade in the business with a grand appreciation banquet on March 28, 2014 at the Anfa Royale Hotel in Lipa City, Batangas. The momentous event, attended by the bank’s Board of Directors and officers, business partners and valued clients, was highlighted by an audio visual presentation on …
Tiaong Rural Bank, Inc. celebrates its Diamond Anniversary Read More »
The Philippine Deposit Insurance Corporation (PDIC) will be having 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, is part of PDIC’s 50th Anniversary celebration and corporate social responsibility efforts. …
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