Manila Times: Microinsurance education for Rural Bank clients
Access to protection is now open to those who need them most. And they just need to know it. The number of families with microinsurance has grown since 2010, when the government, through the efforts of the Department of Finance (DOF), Insurance Commission (IC) and the Bangko Sentral ng Pilipinas (BSP), released regulations to promote …
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Employment opportunity at RBRDFI
The Rural Bankers Research and Development Foundation, Inc. (RBRDFI), the technical arm of the Rural Bankers Association of the Philippines (RBAP), is urgently in need of a PROJECT ASSISTANT for an internationally-funded initiative. Minimum Qualifications: – Male/Female not more than 27 years old – Bachelor’s degree holder in Management, Banking/Finance, Education or equivalent – Excellent …
2012 MCPI Annual Conference
Greetings from the Microfinance Council of the Philippines, Inc. (MCPI)! It is with great pleasure to invite you to the annual conference of MCPI on July 26-27, 2012 at the Hyatt Hotel Manila. This year, the conference will carry the theme Focusing on Responsible and Client-Centered Microfinance. In the course of the last decade, microfinance has …
Posting of Balance and Consolidated Balance Sheets
To all member banks and partners, please be informed of the recent circular issued by the Supervisory and Examination Sector of the BSP, requiring the posting (and publishing) of Balance Sheet (Head Office, branches and other offices) , side by side with its Consolidated Balance Sheet as of June 30, 2012. This directive is pursuant …
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Frequently asked questions on Circular 749
To all RBAP members and partners, if you would like to be further enlightened on Circular 749, please download and review Memorandum 032 signed on July 5. The above-mentioned memo clarifies several issues such as minimum qualifications and responsibilities of members of the BOD. To secure a copy,click the attached link m032 or, download the …
Poster requirements for the Truth in Lending Act
This is to notify all member banks of the recently promulgated BSP memorandum on poster requirements for the Truth in Lending Act, enhancing loan transaction transparency, signed on July 3, 2012. Please take the time to read the standard requirements, stipulated in memorandum 2012-030. To see the specifications and sample template, please download the aforementioned …
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5 Rural banks now Accredited RFIs
The Rural Bankers Association of the Philippines once again congratulates five of its members banks for being certified by the Bangko Central ng Pilipinas as Accredited Rural Financial Institutions (ARFI) as of June 15, 2012. This accreditation basically certifies that the loan portfolio of the five new ARFIs complies with the qualification requirements prescribed …
Daily Star: Valiant Bank awarded anew by CGAP for transparency
The Valiant Bank of Iloilo was awarded for the seventh straight year the Certificate of Transparency award from the yearly MIX Market Global merit recognition awards of the Consultative Group to Assist the Poor, a press release from the firm said. Bank president, Ian Eric Pama, received the award for the company during the 2012 …
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BusinessMirror: Aquino signs AMLA, anti-terror financing measures into law
President Aquino on Monday signed into law two measures aimed at strengthening the country’s anti-money laundering campaign by promoting openness in financial transactions, Malacañang said on Monday. “In a major step forward in enhancing transparency and accountability, the President has signed two bills into law, namely, ‘An Act To Further Strengthen The Anti-Money Laundering Law’ …
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Manila Times: Food for thought
As the country’s farmers and fisher folks carry the burden of ensuring that there is enough supply of rice and fish on every plate on the table for every Filipino household, the weight on their weary shoulders is second to none. The pressure is unenviable and it is continuously mounting. The agriculture sector fared less …
New entries to the AMLC’s sanctions list
To all member banks of RBAP, kindly take the time to read the newly promulgated AMLC Resolution, bearing the new entries to the the Al-Qaida Sanctions List of Individuals and Entities subject to asset freeze, travel ban etc. Under the List, the names of the new entries include Mochammad Achwan, Abdul Rosyid Ridho Ba’ Asyir, …
Approval of Peoples Bank of Caraga’s new name
This is to inform all partners of Peoples Bank of Caraga, Inc. of its new corporate name, approved by the Bangko Sentral ng Pilipinas and subsequently promulgated through Circular Letter No. 2012-039 dated 14 June 2012. With this, the bank shall now be known as Peoples Bank of Caraga, Inc. (A Rural Bank). To secure …
Manila Times: (White) knights to the rescue?
Help is on the way. Amid the desolate depths of despair that commonly embraces the unfortunate victims of cash-strapped financial institutions like banks going under, a program has been placed to pave the way for the potential onrush of corporate saviors before further damage can be done in the entire banking industry. Under the milestone …
Precious moments caught on tape: RBAP convention in Boracay
Do you want to capture and re-live every precious moments that transpired during the 59th RBAP convention at Boracay? Click the video link and watch the camaraderie, hilarity and laughter shared among peers and equals! http://vimeo.com/43894381