In the wake of the devastation brought by super typhoon Yolanda, the Rural Bankers Association of the Philippines (RBAP) has proposed to some government agencies several rehabilitation measures to help rural banks and their respective staff and clients get back on their feet following the debacle. In their proposal to the Bangko Sentral ng Pilipinas …
As a response to RBAP’s proposal for the rehabilitation of rural banks affected by Super Typhoon Yolanda, the Bangko Sentral ng Pilipinas (BSP) granted the following: For the rehabilitation of the bank’s manpower: 1. Direct financial assistance beyond the limits of each affected rural banks BSP-approved Financial Assistance Program for bank staff as per BSP …
Summary of Regulatory Relief Granted by BSP to Rural Banks Read More »
The government, through Vice-President and Housing and Urban Development Coordinating Council (HUDCC) Chair Jejomar C. Binay, reaffirmed its support to rural banks and microfinance institutions in housing loan activities through the Home Guaranty Corporation (HGC) guaranty. To maximize this program, we highly encourage our member rural banks to become an HGC accredited bank. Uploaded on …
Home Guaranty Corporation (HGC) Accreditation for Rural Banks Read More »
In pursuit of effective communication, we would like to remind everyone to please check your bank’s contact details at www.rbap.org directory. Make sure that all details are correct and active. Any inaccuracy in your contact details can be picked up by our regulators, which will then assume that your bank received their messages. The Bangko …
We encourage confederations and/or federations to create an organization of compliance officers that will help us analyze the suitability of BSP circulars to our industry. A “one-time” subsidy amounting to P2,000 for federation level and P1,000 for confederation level will be provided to support initial organizational meeting
The BSP Organizational Chart is now uploaded in our website. The chart reflects the structure and key officials of BSP that rural banks are in contact with. To see the chart, please click on this link https://rbap.org/directory/simplified-bsp-organizational-chart-for-rbs/
The Bangko Sentral ng Pilipinas (BSP), with its mandate to ensure a safe and efficient payments system, will be implementing a standard transaction coding system in order to properly identify the nature of banks’ funds transfer and payment instructions that are coursed through PhilPass for settlement. To get a copy of the BSP Memo, please …
BSP MEMORANDUM NO. M-2013-055: Standard Coding for PhilPass Transactions Read More »
To: ALL BANKING INSTITUTION Subject: National Banking Week 2014 Pursuant to Proclamation No. 2250 dated 10 December 1982 (copy attached) designating 1 to 7 January as National Banking 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 …
BSP Circular Letter No. CL-2013-064: National Banking Week 2014 Read More »
To download a copy of this Memo, please click on this link: m053
Dear rural bankers, Please be advised that in the recent RBAP-RBRDFI Joint Meeting held last December 6, 2013 at the RBAP Office, it was approved that the total cash donations that we received amounting to P1,811,417.50 coming from 34 RB owners and various Federation and Confederations will be distributed to affected member rural banks in …
RBAP Board Resolution on Yolanda Donation Disbursement Read More »
Following the living nightmare that was the catastrophic effects of super typhoon Yolanda, the Philippines now picks itself up towards a long and winding recovery. The country was off to a good start, at least, after it was reported that the economy grew seven percent during the third quarter. Even if the prognosis for the …
The Bangko Sentral ng Pilipinas (BSP) has made available a special regulatory relief package to universal, commercial, thrift, rural, and cooperative banks with head offices and/or branches in areas severely affected by super typhoon Yolanda. The said measure is in addition to the earlier regulatory and rediscounting relief that the BSP extended to banks in …
BSP Extends Additional Special Regulatory Relief to Yolanda-Hit Banks Read More »
If there is one message the onslaught of super typhoon Yolanda has so savagely delivered to numerous businesses in the country, it’s that the debilitating impact of natural calamities has been increasingly harder to predict, much less prepare for. Climate change has rewritten the rules of Mother Nature. What used to be regarded as “un-floodable” …
The Monetary Board, in its Resolution No. 1959 dated 21 November 2013 approved to temporarily waive the presentation of official Identification Document (IDs) in processing transactions of victims of Super Typhoon Yolanda. For further details, please visit: http://www.bsp.gov.ph/downloads/regulations/attachments/2013/m052.pdf To download a copy of the Memo, please click this link: BSP Memorandum No. M-2013-052
The combined non-performing loans (NPLs) of thrift, rural and cooperative banks represented 7.32 percent of their total loan portfolio (TLP) of Php 597.57 billion at the end of second quarter this year. The gross NPL slightly improved from the 7.77 percent in March 2013 as the banks’ NPLs declined by less than one percent amid …
TBs, RBs and Coop Banks Loan Quality Improves in Q2 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.
