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Amendments to the Guidelines in Strengthening Corporate Governance and Risk Management

This is to inform all our partners and friends on the recent amendments on Sections X401, x403, X406.3 and x406. 4 the Manual of Regulations for Banks, in accordance with Resolution No. 1325 of the Monetary Board, the aim of  which is to strengthen Corporate Governance and Risk Management Practices on Trust, other Fiduciary Business …

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EXTENDED DEADLINE! Call for Nominations for the 2012 Citi Micro-entrepreneur of the Year Awards (MOTY) Program

On behalf of the Microfinance Council of the Philippines , the Rural Bankers Association of the Philippines is pleased to announce the start of the 2012 Citi Micro-entrepreneur of the Year Awards Program. The Citi Microentrepreneur of the Year (MOTY) Awards is a nationwide search for outstanding microentrepreneurs in the Philippines. Now on its tenth …

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Revised outsourcing framework for banks

To all friends and partners, please be advised of the revised outsourcing framework for banks, approved by the Monetary Board in its Resolution No. 1179 last July 19.  Included in the amendments are Section X162 and other relevant provisions of the Manual of Regulations for Banks. Based on the above – mentioned resolution, some of …

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Amendment of Section X319 of the MORB

This is to advise all of the recently issued BSP circular, amending Section X319 of the Manual of Regulations for Banks.  As stated in this circular, the word “restructuring” should be deleted and the newly amended provision should be read as follows: “Sec. X319. The grant, renewal, or extension of unsecured loans shall, in addition …

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Rang-ay Bank opens it’s 23rd Branch

The leading countryside financial institution in the north, Rang-ay Bank, opened its 23rd branch on August 3, 2012 at the Luna (La Union) Sports Center. The ceremonial ribbon cutting was led by town Mayor Victor Marron with Mrs. Geraldine Ortega, wife of the provincial governor, and former PRC Board of Dentistry Chairman Dr. Rosita Canlas-Nisce, Msgr. Alfonso Lacsamana, Parish Priest of …

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Seminar on Credit Investigation and Basic Course on Property Appraisal, 24-25 August 2012

FOR: ALL PARTICIPATING RURAL BANKS SUBJECT: CIRCULAR LETTER: CREDIT INVESTIGATION & BASIC COURSE ON PROPERTY APPRAISAL   Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to announce that it will conduct the seminar-workshop described below as part of its …

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Seminar on Remedial Management, 11-12 September 2012

FOR: ALL PARTICIPATING RURAL BANKS SUBJECT: Circular Letter: REMEDIAL MANAGEMENT SEMINAR   Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to announce that it will conduct the seminar-workshop described below as part of its continuing strategy to strengthen the …

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CLOSED — Seminar on Credit Risk Management Tools:BRR-FRR, 13-14 September 2012

FOR: ALL PARTICIPATING RURAL BANKS Subject:Credit Risk Management Tools: BRR and FRRDear Fellow Rural Bankers: As part of the Rural Bankers Association of the Philippines (RBAP) continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), and in joint partnership with SB Corporation, one the National Government largest …

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Cancelled: Credit Investigation and Basic Course on Property Appraisal

To:      All Participating RBs Date:   August 09, 2012 Please be informed that the scheduled Credit Investigation and Basic Course on Property Appraisal on August 10-11, 2012 is now CANCELLED. Until now the weather condition in Metro Manila and its environs has not improved, which causes distress – floods and difficulties in traveling to and from …

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LRA voluntary title standardization program (eTitle)

Please be advised that the LRA is implementing its eTitle Program under its Land Titling Computerization Project.  The eTitle Program provides title owners better protection by upgrading their manually issued titles to Electronic Certificates of Title. For the banks, the benefits of eTitles are as follows: 1. It provides another layer of due diligence for …

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Part II: Strengthening Credit Risk Management of RBs – July 31 to Aug. 1

FOR                        : ALL PARTICIPATING RURAL BANKS FROM                    : Ma. Corazon L. Miller, Chairperson Dear Fellow Rural Bankers: As part of the Rural Bankers Association of the Philippines (RBAP) continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), …

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