DAVAO CITY — One Network Bank, the country’s largest rural bank, is planning to roll out about 2,000 point-of-sale (POS) terminals within the year as it seeks to improve services to clients while competing with the commercial banks. The initiative will turn the bank’s automated teller machine (ATM) cards — held by 320,000 clients at …
BusinessWorld: Rural bank to launch POS facility Read More »
On behalf of the Aklan Federation headed by Mr. John Guidon dela Cruz, we would like to notify all members and representatives of RBs interested in joining this year’s convention in Boracay of the available rates for Round Trip Land and Sea transfers. Organized by the aforementioned federation, the rates for Caticlan and Kalibo are …
In connection with Resolution No. 475 of the Monetary Board, please be advised of the following amendments on the provisions of CL 539 of August 2006 and CL 551 of November 2006. The amendments are as follows: All new deposits in the reserve deposit account (RDA) facility shall be given a maturity date of …
Change in the Maturity of Placements in the Reserve Deposit Account Facility Read More »
For your information and guidance, kindly refer to the provisions of item K.1 of Subsection X326.1 of the Manual of Regulations for Banks on the definition of secured loan, borrowing or other credit accommodation, as follows: k. Secured loan, borrowing or other credit accommodation shall refer to any loan or credit accommodation or portion thereof …
Clarification on Secured loan and borrowing accommodation Read More »
This is to notify all RBs and partners that the BSP has certified four banks, three of which are RBs, as Accredited Rural Financial Institutions in accordance with the Rules and Regulations of RA 10000, otherwise known as the Agri Agra Reform Credit Act of 2009, and BSP Circular 736. With the accreditation, the four …
Philippine Star — The Bangko Sentral ng Pilipinas (BSP) has given another rural bank the green light to operate as a rural financial institution (RFI), bringing to four the number of small banks that could raise funds for agri-agra lending. The BSP has approved the application of Rural Bank of Sta. Catalina Inc. to operate as …
To all member RBs and partners, please be advised of Circular 753 or the Unification of the Statutory/Legal and Liquidity Reserve Requirement, Non-Remuneration of the Unified Reserve Requirement, Exclusion of Vault Cash and Demand Deposits as Eligible Forms of Reserve Requirement Compliance, and Reduction in the Unified Reserve Requirement Ratios For completeness/clarity’s sake, we have embedded …
CL 753: Unification of the Statutory/Legal and Liquidity Reserve Requirement Read More »
The name Cantilan might not ring a bell for some, but this town on the fringe of Surigao del Sur boasts of impressive postcard-worthy backdrop of unspoiled beaches and structures dating back to Spanish times. Aside from these, Cantilan is also home to one particular rural bank, which continues to heed the growing demands of …
In solemn observance of the Holy Week, please be informed that the RBAP office in Intramuros will be closed starting April 4, Wednesday. All official services and transactions will resume on April 10, Tuesday. For those with pending appointments, we advise all to contact the main office before closing time on April 3, Tuesday. For …
On behalf of the Rafael Buenaventura Foundation, we would like to invite all member RBs and partners to support and participate in the first ever Rafael Buenaventura Awards for Outstanding Microfinance Institutions. In partnership with the Bangko Sentral ng Pilipinas, Microenterprise to Banking Services (MABS-USAID), Microfinance Council of the Philippines and PinoyMe Foundation, this prestigious …
Call for nominations for the 1st Paeng Microfinance Awards Read More »
REQUEST FOR PROPOSALS RBAP MICROINSURANCE INITIATIVE Social Marketing Campaign for Rural Banks and their Low-Income Clients Background: The primary objective of the Social Marketing Campaignis to effectively teach rural bank clients on microinsurance product features and to positively change their behavior towards microinsurance. The consultant, in coordination with the RBAP Microinsurance Team, shall provide professional …
To all Compliance Officers Please be advised that 58 new transaction codes identified by various covered institutions were approved by the undersigned on 15 March 2012, pursuant to an authorization from the AMLC. These additional transaction codes have been incorporated in the AMLC transaction codes library and are available for use by the covered institutions. …
A fast growing bank, the Rang-ay Bank formally opened its 21st banking office last February 27, 2012 located at the heart of the municipality of Bangar, La Union. The ceremonial ribbon cutting was led by the town Mayor Joy Pinzon-Merin, with former PRC Board of Dentistry Chairman Dr. Rosita Canlas-Nisce. Rev. Fr. Gregorio Q. Nillo, Parish …
Rang-Ay Bank’s 21st branch is now open for business Read More »
To all rural bankers interested in joining the the Annual National Convention in Boracay, please be informed of the latest fare rates approved by Philippine Airlines for RBAP members. Sale Period: 23 March to 15 April Travel Period: …
RBAP-RBRDFI invites you to the 19th Microinsurance Basic Training Course. It will be held on April 24 – 25, 2012 at the RBAP Conference Hall, 2F RBAP Bldg., Intramuros, Manila. This training aims to enhance the capacity of rural banks to serve as effective delivery channels for microinsurance services for the low-income clients. It is …
19th Microinsurance Basic Training Course on April 24 – 25, 2012 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.
