BANKS have been granted a longer period to open branches that have been approved by the Monetary Board. The Bangko Sentral ng Pilipinas (BSP) amended the Manual of Regulations for Banks through Circular No. 777, dated Dec. 13. It gave banks three years, from the original provision of one year, to open their approved but …
Business World:Banks given three years to open branches Read More »
The Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services (RBAP-MABS) Program, which the United States Agency for International Development (USAID) supported from 1998 to September 2012, has transitioned into RBAP’s FINANCIAL INCLUSION Program (FIP). RBAP’s technical arm, Rural Bankers Research and development Foundation (RBRDFI), is leading the implementation of FIP. Hoping …
“RBAP-MABS Program transitions to RBAP’s Financial Inclusion Program Read More »
otal outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, expanded in October at a faster pace of 15.8 percent relative to the growth of 13.5 percent in September. Bank lending inclusive of RRPs grew by 14.2 percent, the same rate as in the previous month. Commercial bank loans …
Consumer sentiment improved in Q4 2012 as the overall confidence index (CI) climbed to -10.4 percent in Q4 2012 from -13.3 percent in Q3 2012. This is the second highest reading since the nationwide survey started in Q1 2007. The CI is computed as the percentage of households that answered in the affirmative less the …
BSP: Consumer Confidence Edges Higher in Q4 2012 Read More »
The Bangko Sentral ng Pilipinas signed a circular to ” Amendment of Subsection X268.3 of the Manual of Regulations for Banks (MORB) to include a provision on the grant of temporary rediscounting lines to newly merged or consolidated banks”. Please see link below to view document: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c776.pdf
The Rural Bankers Association of the Philippines(RBAP), through the Rural Bankers Research and Development Foundation Inc.(RBRDFI), held the first corporate governance seminar last Dec 13 and 14 at the RBAP Building in Intramuros, Manila. The training seminar is in partnership with the Land Bank of the Philippines(LBP), which provided financial assistance for the attendees. A …
As the economy continue to enjoy its resiliency from external trumoils, the Rural Bankers Association of the Philippines also acknowledged the fact that this relaxed atmosphere will also come to an end. Thus , RBAP through its training arm the Rural Bankers Research & Development Foundation, Inc. is continuously offering the Strengthening Bank Credit Risk …
RBAP concludes another successful Strengthening Bank Credit Risk Management Training Read More »
The Rural Bankers Association of the Philippines celebrated its 55th Charter Anniversary Symposium at Fiesta Pavilion Manila Hotel last November 19 and 20. The event was graced by representatives from different banking sectors and distinguished people from the regulators office like the Bangko Sentral ng Pilipinas. One of the guests were Monetary Board member Ignacio …
The Rural Bankers Association of the Philippines will be celebrating its 55th Charter Anniversary Symposium on November 19-20, 2012 at the Fiesta Pavilion, Manila Hotel. To view event activities, please click the link below: 2012 Sympo Program-final
The Bangko Sentral ng Pilipinas is granting regulatory relief measures to banks to enable them to similarly assist and ease the financial burden of bank customers adversely affected by Typhoon “Gener” which devastated several parts of the country last 28 July to 2 August 2012. Eligible for the relief measures are those in the following …
BSP Grants Regulatory Relief to Banks Affected by Typhoon “Gener” Read More »
The Bangko Sentral ng Pilipinas (BSP) is reminding travellers to/from the Philippines (both residents and non-residents) that under Section 4 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual) issued by the Bangko Sentral, a person may without prior BSP approval, bring into, import or electronically transfer legal tender Philippine notes and coins, …
BSP Issues Reminder on Rules for Transport of the Philippine Peso Read More »
The country’s rural banks were able to lend to over 970,000 new borrowers, disbursed a total of P42 billion, and opened nearly 900,000 new micro deposit accounts under the Microenterprise Access to Banking Services (MABS), an organization funded by the U.S. Agency for International Development (USAID). On top of this, mobile banking has reached more …
MALAYA BUSINESS INSIGHT: RBAP loans under MABS reaches P42B Read More »
MANILA, Philippines – Migrants often serve as the equivalent of an informal insurance policy when adversity strikes their families back home but they themselves tend to be vulnerable and have limited access to social protection in host countries. Insurance could help address some of the risks involved but it is often too costly, complex and difficult to …
PHILIPPINE STAR: Microinsurance best for migrant workers Read More »
Rural Bankers Association Philippines 55th Charter Anniversary November 19-20,2012 at the Manila Hotel. The Charter Anniversary Symposium is an annual gathering of Filipino Rural Bankers tackling issues, innovations and accomplishments of the rural banking industry. For more details, please click the provided link: RBAP 55th Charter Anniversary
The Bangko Sentral ng Pilipinas (BSP) recently released the Status Report on the Philippine Financial System for the first semester of 2012. The report provides an account of the performance of the banking system and other financial institutions under BSP supervision such as non-banks with quasi-banking functions, trust entities, and non-stock savings and loan associations. …
Report on the Philippine Financial System for First Semester of 2012 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.
