64th ANNUAL RBAP NATIONAL CONVENTION, MAY 29-30 IN BAGUIO CITY
The Rural Bankers Association of the Philippines will hold its 64th Annual National Convention and General Membership Meeting on May 29-30, 2016 (Monday & Tuesday) at the Cordillera Convention Hall of Baguio Country Club, Country Club Road, Camp John Hay, Baguio City. The theme for the Convention is, “RURAL BANKS: LEADING THE WAY FOR COUNTRYSIDE …
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BSP Grants Regulatory Relief to Banks/Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBs) Affected by Typhoon “Nina”
The Bangko Sentral ng Pilipinas (BSP) is granting temporary regulatory and rediscounting relief measures to banks/non-bank financial institutions with quasi-banking functions (NBQBs) with head offices (HOs) and/or branches/extension offices (EOs)/microfinance-oriented banking offices (MBOs) located in the areas which were devastated by Typhoon “Nina”, based on Situation Report No. 12 dated 2 January 2017 of the …
Electronic Processing of Checks to Start Soon
01.19.2017 The electronic processing of checks shall commence on 20 January 2017. The Philippine Clearing House Corporation (PCHC) is set to implement the clearing of checks via electronic presentment through its Check Image Clearing System (CICS). Under the CICS, only the digital images of checks and their electronic payment information will be transmitted to the …
BSP Issues Regulation Enabling Banks to Expand Service Delivery Channels
01.18.2017 In line with the thrust of the Bangko Sentral ng Pilipinas to create an enabling regulatory environment for innovations and allow banks to exponentially expand reach and serve clients more efficiently, the Monetary Board recently approved the guidelines for new bank service channels and relaxed existing regulations on deposit taking activities outside bank premises. …
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