October 25 (Day Two) Secured Transactions Reforms Ms. Gay Santos Senior Financial Sector Specialist, International Finance Corporation Atty. Chester Abellera Finance And Markets, International Finance Corporation Managing Risks Mr. Remigio Tito Tirones Independent Consultant for Rural Banks Pushing Boundaries Towards Inclusive Growth Mr. Lito Villanueva Managing Director & CEO, FINTQ/Voyager Lowering the Cost on Inclusion …
October 24, 2016 (Day One) Keynote Speaker Mr. Gil S. Beltran Undersecretary, Department of Finance Keeping the Rural Market Niche Mr. Rex C. Drilon II Trustee, Institute of Corporate Directors Cash Management Solution for Rural Banks Ms. Ninna Richelle H. Veran Cash Management Service Department, Land Bank of the Philippines Status of Rural Banks: Challenges …
09.30.2016 Stand-alone thrift banks (TBs), and rural and cooperative banks (RCBs) remained well capitalized at end-December 2015. The Capital Adequacy Ratio (CAR) of TBs stood at 19.80 percent at end-December last year, higher than the 19.56 percent posted by the banks a quarter earlier. The TBs’ CAR rose quarter-on-quarter as the growth in the banks’ …
Stand-Alone TBs and RCBs Remain Well-Capitalized Read More »
The Monetary Board (MB) has approved the adoption of the electronic clearing of checks which shall be implemented beginning 20 January 2017. As BSP-designated exclusive provider of electronic check clearing services, the Philippine Clearing House Corporation (PCHC) shall implement the clearing of checks via electronic presentment through its Check Image Clearing System (CICS). Using the …
Electronic Clearing of Checks to Start in January 2017 Read More »
The good news is that the Philippine economy, as measured by Gross Domestic Product (GDP), grew by 7 percent in the second quarter of this year – April to June. Not so laudatory is the observation that this has not been inclusive growth, that the statistical gain has not been felt by most Filipinos who …
Pursuant to Presidential Proclamation No. 362 issued on 24 August 2000 (click here), the Rural Bankers Association of the Philippines spearheads the celebration of the “Rural Banking Consciousness Week” this August 22-26, 2016. The theme for this year is “Rural Banks: Partners for Change”. Our nationwide reach put rural banks at the forefront of financial …
Cantilan Bank has been named as the country’s No. 1 Most Outstanding Countryside Financial Institution and Best CFI Availer for Agri-Agra Loans during the 18th edition of Gawad CFI by the Land Bank of the Philippines (Landbank), a government financial institution focusing on serving the needs of rural communities. “We are one with Landbank in …
Cantilan Bank Wins Highest Post in Landbank’s Gawad CFI Read More »
Five foreign banks from Asia are expected to set up operations in the Philippines following the liberalization of the banking sector. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. who expressed this hope, however, did not identify the banks. But in a text message to reporters on Tuesday, he said that one application …
Posted on July 26, 2016 THE CREDIT Information Corp. (CIC) has granted full accreditation to three credit bureaus to offer rating services using information from a national registry that is expected to come online by yearend. In a Subscription Agreement signed yesterday, the CIC formally accredited local firm Credit Information Bureau, Inc., as its special …
CIC mandates three new credit bureaus for information system Read More »
July 20th, 2016 IF INVESTORS and businesses were to take their cue from the new administration’s planned economic agenda, then the logical move is to invest outside Metro Manila and the bustling business centers of Cebu and Davao. Based on the recent pronouncements by President Rodrigo Duterte and his Cabinet, there will be an …
ONLY RURAL and cooperative banks met the required amount of credit extended to micro-, small- and medium-scale enterprises (MSMEs) during the first quarter, central bank data showed, despite an overall increase in total loans from a year ago. Universal, commercial, and thrift banks failed to comply with the required level of lending to small …
TRADE Secretary Ramon Lopez plans to push for the establishment of a P1-billion regional credit access for micro, small and medium sized enterprises (MSMEs) to help address one of the biggest hurdles faced by local firms. This was one of the poverty-alleviation measures proposed by President Duterte during his campaign earlier this year. “I will …
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.
