March 2015

Loans to housing sector eyed as agri-agra compliance

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is open to making loans for housing as an alternative mode of compliance for banks to the Agri-Agra Credit Reform Act in order to address the country’s housing backlog. Speaking at the Chamber of Real Estate and Builders’ Associations, Inc.’s (CREBA) Third Monthly Business Meeting, BSP …

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Credit Consciousness Week

Pursuant to Proclamation No. 658 dated April 25, 1995 (copy attached) designating April 24 to 30 as Credit Consciousness Week, all banking institutions and their branches are enjoined to undertake during the period such promotional and publicity-generating activities as advertising, window and counter displays, streamers, distribution of giveaways, raffles and similar incentives and devices. To …

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BSP Cir 855 Orientation – April 07, 2015 in Dagupan City

One-Day Orientation On BSP Cir.855: Guidelines on Sound Credit Risk Management Practices; Amendments on MORB and NBFIs Date : April 07, 2015 (Tuesday) Venue : Star Plaza Hotel A. B. Fernandez Avenue, Dagupan City Time : 8:30am to 5:00pm Resource Person: MS. CONCEPION GARCIA Manager – ED –III Bangko Sentral Ng Pilipinas Orientation Fee: 1. …

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BSP Cir 855 Orientation – April 10, 2015 in Baguio City

One-Day Orientation On BSP Cir.855: Guidelines on Sound Credit Risk Management Practices; Amendments on MORB and NBFIs Date: April 10, 2015 (Friday) Venue: Venus Parkview Hotel Time: 8:30am to 5:00pm No. 19 Kisad Rd., Burnham Park, Baguio City Resource Person: MS. CONCEPION GARCIA – Manager, ED-II MR. ALEC BADIOLA, Acting Manager –ED-II of Bangko Sentral …

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PHL banks, BSP, LRA assure housing lenders and borrowers are protected

Housing credit continues to rise, prompting the Philippine banking industry and the Land Registration Authority (LRA) to create a system streamlining loans and mortgages documentation to protect both borrowers and financial institutions. The final version of the uniform loan and mortgage agreement (ULAMA) is coming up this week, Chamber of Thrift Banks (CTB) president Rommel …

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BSP Circular Letter No. CL-2015-015: Credit Consciousness Week

CIRCULAR LETTER NO. CL-2015-015 TO: ALL BANKING INSTITUTIONS Subject: Credit Consciousness Week Pursuant to Proclamation No. 658 dated April 25, 1995 (copy attached) designating April 24 to 30 as Credit Consciousness Week, all banking institutions and their branches are enjoined to undertake during the period such promotional and publicity-generating activities as advertising, window and counter …

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New system to help verify land titles

THE LAND Registration Authority (LRA) is set to implement a “trace-back” feature for its automated land titling system, allowing users to identify computerized records that were issued prior to the current title and verify property records’ authenticity. LRA Circular No. 04-2015, dated March 3 and published in a major newspaper on Wednesday, said the features …

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Rural Bank Management Course (RBMC) – Mar 25 -28, 2015 Davao City

February 2, 2015 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 a Rural Bank Management Course (RBMC), as part of its continuing strategy to strengthen the rural banking industry. The RBMC is an …

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CANCELED – Basic Microinsurance Training Course April 14-15, 2015

Date: April 14-15, 2015 (Tuesday-Wednesday)) Venue: RBAP Conference Hall, Intramuros, Manila Time: 8:00am to 5:00pm   Course Description: This training aims to enhance the capacity of rural banks to serve as effective access points for microinsurance services for  its low-income clients. It is also designed to ensure bank compliance with the following regulations: –      …

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