In the face of the ever present stiff competition from bigger banking brethren, rural banks need to rapidly evolve and “be big enough” to remain efficient and profitable. Rural banks will continue to have a niche market in the ultra-competitive banking industry even if a spate of mergers and consolidation shapes the future of the …
The bullish outlook on remittances from overseas Filipino workers (OFWs) this year bodes well for businesses like rural banks which act as formal remittance channels and serve as an affordable conduit between OFWs and their beneficiaries here in the Philippines. Industry analysts expect OFW remittances to increase by 8-8.5 percent this year anchored on improved …
Strong inflow of OFW remittances to fuel rural banks’ growth anew Read More »
Dear rural bankers, The Monetary Board, in its Resolution No. 2308 dated December 5, 2013, approved the revisions to Section X181 (2008-X171) of the Manual of Regulations for Banks (MORB) onBank Protection. Attached is a copy of the BSP Circular, as posted on their official website. To download a copy, please click on this link: BSP Circular 823 on …
BSP Circular 823: Amendment of Section X181 (2008-X171) on Bank Protection Read More »
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) have approved the extension of the Strengthening Program for Rural Banks (SPRB) Plus from 31 December 2013 to 31 December 2014 with certain amendments and enhancements, to encourage more mergers, consolidations and acquisition of eligible rural banks (RBs) and thrift banks (TBs) …
Dear Fellow Rural Bankers, We are pleased to inform that the Confederation of Central Luzon Rural Banks, Inc. (CCLRBI) will hold its 2014 Annual Management Conference at the Forest Lodge, Camp John Hay, Baguio City on February 27 & 28, 2014. This year’s conference theme is: “A BRAVE NEW WORLD” A changing banking environment, a …
CIRCULAR LETTER: CCLRB 2014 Annual Management Conference Read More »
For years, the agricultural sector has been the unheralded hero of the economy, often operating under the radar compared to the more celebrated services and industry sectors. Meanwhile, the rural banking industry has consistently been supportive of agri, also in consonance with its mandate to allocate a portion of their loanable funds to the sector. …
Agribiz’s development rests on rural banks’ commitment Read More »
Dear fellow rural bankers, We are pleased to announce the holding of the 2014 Confederation of Southern Tagalog Rural Bankers Annual Management Conference on March 3-4, 2014 (Monday and Tuesday) at the Forbes Ballroom, Baguio Country Club, Baguio City. This year’s Conference theme is: “Phoenix, Relauching The Rural Bank Brand”. The theme will highlight the …
From a potential acquiree, rural banks may soon find themselves as a possible acquirer this time around. In a dramatic twist of events, well-capitalized rural banks are now in a position to acquire ailing cooperative banks. This came about after the Bangko Sentral ng Pilipinas (BSP), Philippine Deposit Insurance Corp. (PDIC) and Land Bank of …
Filipinos are well known for our hospitality and sharing. In fact, whenever we are eating, it is not uncommon for us to say kain na to a friend, officemate or even to a complete stranger who just happened to walk by to ask for directions. In the event of disasters, this character comes to fore …
The recent symposium of the Rural Bankers Association of the Philippines (RBAP) held in November centered on relevance for this year’s theme, believing that it is high time to examine the significance of rural banking to the owners themselves, to the clients, community and to regulators. Flags of concern should be hoisted up if any …
The Bangko Sentral ng Pilipinas (BSP) today announced the circulation of a ten-piso legal tender coin to highlight the nationwide celebration of the 150th birth anniversary of Filipino patriot Gat. Andres Bonifacio. The BSP has previously issued P1-piso legal tender commemorative coins for the 150th birth anniversary of Dr. Jose Rizal. Widely regarded as one …
Dear rural bankers, As of December 17, 2013, 12noon, the total cash donations that we have received is PhP2,452,715.65 coming from 60 RB owners and various Federation and Confederation. Total amount of donation distributed to various rural bank’s employees amounted to PhP1,494,000.00. Total remaining RBAP Yolanda Fund as of Dec. 17, 2013 is PhP958,715.65. To …
Status Report on Donations to victims of Typhoon Yolanda Read More »
Dear rural bankers, Attached is the reply of Land Bank on our request for waiver of their inter-branch fees, for your reference.
Dear rural bankers, Please be informed that the RBAP Secretariat will continue to receive donations for Typhoon Yolanda victims only until December 17, 2013 (Tuesday). This is to finalize the list of contribution and to facilitate disbursement process to affected rural banks. We are hoping for your cooperation on this matter. Thank you. RBAP Secretariat
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.
