November 17, 2014

BSP Managing Director Restituto Cruz explained the credit risk management guidelines for banks, as amended by BSP through Circular No. 855.

Dr. Jaime Aristotle Alip, CARD Bank Chairman, discusses the potential of the unbanked areas and non-financial opportunities for rural banks.

  BSP Deputy Director Atty. Mel Georgie Racela answers questions from the participants on the new capitalization policy of the central bank. The new policy increased the capital requirement by as much as P200 million for rural banks.

To keep the event exciting, the RBAP raffled off giveaways such as mobile phones to lucky rural bankers.  

RBAP President Jose Misael B. Moraleda handed a token of appreciation to BSP Deputy Governor Nestor A. Espenilla, Jr. for gracing and delivering the keynote speech for the event. Mr. Espenilla gladly engaged rural bankers in a question and answer portion after his talk.

In his welcome remarks, Mr. Vittorio Z. Almario — Chairman of the Rural Bankers Research and Development Foundation, Inc. – said they shall develop more capacity building programs for rural bankers based on the results of the training needs analysis survey.

In his opening speech, RBAP President Jose Misael B. Moraleda shared some of RBAP’s projects under the Association’s five-year strategic plan entitled “New Vision, One Direction, Stronger Organization.”

RBAP Executive Director Vicente R. Mendoza officially opened the first day of the association’s annual two-day symposium. In his speech, Mr. Mendoza urged rural bankers to seize the opportunity of acquiring new knowledge from the invited resource speakers.

Members of the Rural Bankers Association of the Philippines gathered at the SMX Convention Center last November 10-11, 2014 to celebrate their 57th Charter Anniversary.