Dear Rural Bankers, Pursuant to Monetary Board Resolution No. 1516, wherein the provisions of the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBF) on regulations on dividend declaration were amended. The sections/ subsections of the MORB that were amended are as follows: a. Sec. X136 Dividends “The following …
Dear Rural Bankers, The Monetary Board, in its Resolution No. 1342 dated 20 August 2015, approved the amendments to some of the provisions of Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI). The sections/ subsections of the MORB that were amended are as follows: a. Subsec. X141.2 Qualifications …
Dear Rural Bankers, The Bangko Sentral ng Pilipinas, following the approved resolution of the Monetary Board, has issued a memorandum granting selected banks of temporary regulatory and rediscounting relief. These are banks with head offices (HOs) and/or branches/ extension offices (EOs)/ microfinance-oriented banking offices (MBOs) in the areas which were devastated by Typhoon “Ineng” based …
BSP Memorandum No. M-2015-035: Regulatory Relief for Banks Affected by Typhoon “Ineng” 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.
