Dear RBAP Members For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular Letter 2013-033: Savings Consciousness Week 2013. The Circular and prescribed tarpaulin layout for the campaign is posted in the BSP website Thank you. View/Download BSP Circular Letter 2013-033
Agriculture Secretary Proceso Alcala has expressed his desire to further strengthen his agency’s working relationship with the rural banking industry, particularly in improving farmers’ and fisher folks’ access to credit and capital. His latest wish does not come as a surprise, considering that rural banks have long supported the Department of Agriculture (DA) in a …
Dear RBAP Members: For your guidance, attached is Bangko Sentral ng Pilipinas Memorandum M-2013-026: Report on the Inventory of Bank Network. The Memorandum is also posted in the BSP Website. View/ Download BSP Memorandum M-2013-026
Inclusive growth has been defined by the National Economic Development Authority (NEDA) as a sustained growth that creates jobs, draws the majority into the economic and social mainstream, and continuously reduces mass poverty. To achieve this goal, development in rural areas has become imperative. Also, the presence of sustainable rural banks and its financial services …
Dear RBAP Members: For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular Letter No. CL-2013-032: Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Act of 2009 Pursuant to Circular No. 736 of 20 July 2011. The Circular Letter is also posted in the BSP Website View/Download BSP Circular Letter No. CL-2013-032
Dear RBAP Members: For your reference, we have uploaded the presentations of the speakers in our 60th Annual National convention last 10-11 June 2013 at Sofitel Plaza Manila. View / Download: Speakers’ Presentations Day 1 (June 10, 2013) Speakers’ Presentations Day 2 (June 11, 2013)
Dear Member-Rural Banks, Attached for your guidance is the Memorandum to All Stand Alone Thrift Banks, Rural Banks and Cooperative Banks on the enhancement to the Risk-Based Capital Adequacy Ratio (CAR) Report in relation to recently issued regulations dated 7 May 2013. The said template shall be adopted starting with the reporting period ended …
With the law allowing the infusion of foreign equity in rural banks now in place as embodied in Republic Act (RA) 10574, it is expected that foreign investors will start fostering partnerships with local industry players to fuel new investments to boost economic growth in the countryside. In the next months, financial strategies shall be …
For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular No. 796 – Amendments to Appendix 45 (Notes on Microfinance) of Section X361 of the Manual of Regulations for Banks (MORB). Circular No. 796 is posted in the BSP website. View BSP Circular No. 796.
For your guidance, attached is the Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2013: Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations. The memorandum is also posted in the BSP website. View BSP Memorandum No. M-2013-017
The lack of access to microfinancing is still considered one of the main problems facing rural communities today, as most of them are forced to resort to “5-6” lenders or loan sharks to finance their small businesses. Thus it is viewed that a rural bank-OFW partnership towards delivering microfinance funding will not only provide rural …
08 May 2013 The Rural Bankers Association of the Philippines (RBAP) is waiting for ‘official final orders’ from the Bangko Sentral ng Pilipinas (BSP) before implementing the recently issued resolution of the Commission on Elections (Comelec), limiting cash withdrawal transaction to P100,000. “We will respect and follow the decision of the BSP as a regulating …
For your guidance, below is the official statement of the Bangko Sentral ng Pilipinas on Comelec Resolution No. 9688, which orders a ban on cash withdrawals exceeding P100,000 from May 8 to 13, 2013 BSP’s Statement on Comelec Resolution 9688 05.08.2013 The Bangko Sentral ng Pilipinas supports the COMELEC’s goal to ensure clean and honest …
BSP Statement on Comelec Resolution No. 9688 – Money Ban Read More »
With the almost perfect penetration rate of mobile carriers in the country and Filipinos’ long-time fondness and mastery of the art of texting, the Philippines was once tagged as the “texting capital of the world.” However, as mobile phone technology revolutionized, the usual “texting” capability has gone far beyond its functionality to include financial transactions such …
Throughout the years, we have seen how the agricultural sector, particularly the farmers, have rescued our economy from collapse. Raising their living standards is decided largely by the priority and investment. One of the many ways to achieve this is by enhancing farm productivity and sustainability. In a typical rural setup, households need a sizeable …
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.
