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 mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
