To all member banks, please be informed that the change of corporate name of Rural Bank of Ormoc City, Inc. has been approved by the Bangko Sentral ng Pilipinas. Thus, RB Ormoc City, Inc. is now known as Bank of Ormoc, Inc. (A Rural Bank). Kindly click the attached link cl034 to view the one-page …
As part of the Bangko Sentral’s commitment to continuously strengthen corporate governance in all of its’ supervised financial institutions, Circular 749 has been amended in accordance with Resolution No. 625 of the Monetary Board. This is also to harmonize the existing BSP guidelines with those of the Principles for Enhancing Corporate Governance issued by the …
Guidelines in Strengthening Corporate Governance Read More »
Since the convention date is fast approaching, we, at RBAP, would like to notify all that the last date of changing your hotel reservations is on May 8, Tuesday. Calls or inquiries will not be entertained beyond this date. Please be guided accordingly. Thank you.
MANILA, Philippines – Administration lawmakers urged the Bangko Sentral ng Pilipinas (BSP) to enhance the incentives currently being offered to financial institutions that will acquire troubled rural banks to encourage mergers and prevent more closures of banks in the countryside. Cagayan de Oro Rep. Rufus Rodriguez and Abante Mindanao party-list Rep. Maximo Rodriguez Jr. filed …
Philippine Star: Admin lawmakers urge incentives for RB acquisitions Read More »
As per Memorandum No. 021 of the Bangko Sentral ng Pilipinas, dated 27 April, the new photo-bearing Philhealth Cards issued by an official authority are now comparable in quality with those issued by the SSS, GSIS and LTO and, eligible to facilitate financial transactions of said Philhealth members. With this new ruling, photo bearing Philhealth …
In accordance with MB Resolution No 7, all banks are advised to require the submission of Certificate of Net Service Ceiling and Borrowing, issued by the Bureau of Local Government on Finance from an LGU-borrower, as instructed by the Executive Director of said bureau in her letter dated February 7, stating that banks and other …
This is regarding the recently issued Circular 756 on the granting of Full Trust License and Investment Management Authority, please take note of the following amendments on X414.1 and X414.2 (d), or on the subsections on Required Capital and Prerequisites for engaging in investment management activities of the Manual on Regulations for Banks. The modifications …
The Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program is happy to announce that its National Roundtable Conference will be on June 7-8, 2012 at the Hyatt Hotel, Pedro Gil corner M.H. Del Pilar, Malate, Manila. Listen to discussions on pricing transparency and other regulations affecting microfinance. Share your own experiences …
With the effectivity date of the Truth in Lending Act fast approaching, we would like to call all member RBs to review the recently issued circular on the modified and updated Rules Implementing the Truth in Lending Act to Enhance Loan Transaction Transparency for Non-Bank Financial Institutions (NBFIs) under BSP Supervision, and Penal Provisions on …
Updated Rules Implementing the Truth in Lending Act Read More »
Manila Times — Corporate governance became the corporate buzzword in the business community shortly after the BW Resources scandal rocked the local stock market in 1999. The government corporate watchdog, the Securities and Exchange Commission (SEC), put in place legal frameworks to promote integrity, fairness and accountability in corporate managements. Three years after the BW …
Manila Times: Integrity and accountability in rural banks Read More »
The RBAP Secretariat would like to announce that the deadline for last minute changes on room reservations is on the 30th of April 2012. Queries will not be entertained after the deadline, so kindly get in touch with RBAP if you wish to make some changes on or before April 30. Please be informed, however, …
One-day Seminar on Solving The Cost –Price Squeeze Problem in Agriculture (SOCOPSPA) AN INCONVENIENT TRUTH The so called farm problem is about chronically and persistently low or negative farm profits that results from the cost-price squeeze phenomenon – a situation where farm prices are chronically close to or sometimes even below production costs. The cost- …
T0 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. This directive is pursuant to Section 61 of Republic …
TO : RBAP MEMBER BANKS AND PARTNERS FROM : VICENTE MENDOZA, Executive Director SUBJECT : PERTINENT DATES TO REMEMBER Dear Fellow Rural Banker, A brief reminder of dates to consider: MAY 9, 2012 (Wed) – deadline for filing of Certificate of Candidacy (COC) Please send in your COC and Secretary’s Certificate to the RBAP …
This is to notify all members and partners of RBAP of the newly issued Anti-Money Laundering Risk Rating System, adopted under MB Resolution 362 dated March 2 of this year. With the approval of this rating system, expect the inclusion of new composite rating scheme, assessment tools, guidelines and the like when the BSP conducts …
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.
