Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks The circular states amendments of provisions for Part I appendix 63c of the Manual of Regulations for Banks on risk-based capital adequacy ratio, particularly on Section 1 and Section 2. For full circular details, please click the link: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c770.pdf
Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 Pursuant to Circular No. 736 of 20 July 2011. The Bangko Sentral ng Pilipinas clarifies that the circular was drafted for information dissemination and not as an endorsement. Provided on the said circular are list of qualified banks. To …
“Late last night the website of the Bangko Sentral ng Pilipinas (http://www.bsp.gov.ph/) was hacked by a group who claimed to speak for freedom. For a few hours, our website was inaccessible to those who needed to get real-time information from the BSP. We apologize to the public that we serve for this interruption. As of …
The Rural Bankers Association of the Philippines (RBAP) on Wednesday ,September 26, met with the Microenterprise Access to Banking Services (MABS) for a hand over ceremony after years of partnership. MABS is an economic program that seeks to develop the expansion of Philippine rural bank s to micro financing by providing training and technical assistance. …
MANILA, Philippines – In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has …
Philippine Star: Mobile Banking Expands in Rural Areas Read More »
One of the leading proponents of opening up the rural banking industry to foreign ownership made several important points on why active foreign participation will not only enable rural banks, which have been present for 60 years, to better compete with its bigger brethren, but also further improve rural banks’ line of services for its …
The BSP’s Central Supervisory Support Subsector is again requiring us to submit a consolidated report on the comparative benchmark median rates on bank deposits of rural banks for third quarter. In connection with this, please fill up the enclosed survey form. Survey Template If the bank has different rates for its head office and branches, please …
This is to advise all of the change of name of Rural Bank of Lubao, Inc. to Bank of Lubao (A Rural Bank) Inc, stipulated in BSP Circular No. 2012 – 066. Its’ amended articles and by-laws bearing its new corporate name was registered with the Securities and Exchange Commission on 15 August 2011. For …
The Philippine Deposit Insurance Corporation (PDIC) has expressed support for the Senate and House bills that aim to amend the Rural Banking Act, allowing foreign ownership of rural banks. According to PDIC President Valentin A. Araneta, the broadening of sources of capital and banking technology implied by the proposed amendments could only serve to increase …
ZNFRB Circular No. 2012-01 To: All RBAP Members Subject: 32nd Mindanao Rural Bankers Management Conference The ZaNorte Federation of Rural Banks (ZNFRB) will be hosting the 32nd Mindanao Rural Bankers Management Conference on October 11-12, 2012, at the Dakak Park and Beach Resort, Dapitan City, ZaNorte, with the theme: “Strengthening the Road of Rural …
Re-Broadcast: Mindanao Management Conference at Dakak Beach Resort Read More »
The regulator has said it. Credit rating agencies have said it. Now, the continuing test is for rural banks to show the public that the rural banking industry indeed remains stable and robust. In a virtual vote of confidence, the Bangko Sentral ng Pilipinas (BSP) said that the recent closures among some rural banks do …
Rang-ay Bank opened its 4th Branch for the year 2012 last August 28 with the blessing and inauguration of its Dingras, Ilocos Norte Branch. The opening ceremony and cutting of the ribbon was led by Dingras Town Mayor Engr. Erdio Valenzuela and former Professional Regulatory Commission Board of Dentistry Chair Dr. Rosita Canlas-Nisce. The blessing …
Rang-Ay Bank’s 24th branch opens in Dingas, Ilocos Norte Read More »
November may be three months away, but the RBAP Secretariat would like to advise all partners, peers and friends on the upcoming symposium in celebration of 60 wonderful years of Rural Banking. We expect this year’s symposium at the Fiesta Pavilion of the Manila Hotel from November 19 – 20 to be more engaging as …
Re-broadcast: November 19-20 RBAP Symposium at the Manila Hotel 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.
