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BSP Advises the Public on the Banks’ Schedule of Operations During the 4-Day APEC Holidays

The Bangko Sentral ng Pilipinas (BSP) advises the public on the schedule of operations of banks during the four (4)-day Asia Pacific Economic Cooperation (APEC) summit. This is in light of Proclamation No. 1072 declaring 18 and 19 November 2015 as Special (Non-Working) Days in the National Capital Region (NCR); and Memorandum Circular No. 84 …

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BSP Memorandum No. M-2015-038: Proclamation No. 1072 declaring 18 and 19 November 2015 as Special (Non-Working) Days in the National Capital Region (NCR)and Memorandum Circular No. 84 suspending work in government offices including Government-owned or controlled corporations on 17 and 20 November 2015 in NCR

TO: ALL MEMBER BANKS RE: PROCLAMATION NO. 1072 DECLARING 18 AND 19 NOVEMBER 2015 AS SPECIAL (NON-WORKING) DAYS IN THE NATIONAL CAPITAL REGION (NCR) AND MEMORANDUM CIRCULAR NO. 84 SUSPENDING WORK IN GOVERNMENT OFFICES INCLUDING GOVERNMENT-OWNED OR CONTROLLED CORPORATIONS ON 17 AND 20 NOVEMBER 2015 IN NCR Dear Rural Bankers, This is to inform everyone …

BSP Memorandum No. M-2015-038: Proclamation No. 1072 declaring 18 and 19 November 2015 as Special (Non-Working) Days in the National Capital Region (NCR)and Memorandum Circular No. 84 suspending work in government offices including Government-owned or controlled corporations on 17 and 20 November 2015 in NCR Read More »

BSP Circular No. 888: Amendments to Regulations on Dividend Declaration and Interest Payments on Tier 1 Capital Instruments

Dear Rural Bankers, Pursuant to Monetary Board Resolution No. 1516, wherein the provisions of the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBF) on regulations on dividend declaration were amended. The sections/ subsections of the MORB that were amended are as follows: a. Sec. X136 Dividends “The following …

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BSP Circular No. 887: Further Amendments to the Regulations on the Approval/Confirmation of the Election/Appointment of Directors/Officers

Dear Rural Bankers, The Monetary Board, in its Resolution No. 1342 dated 20 August 2015, approved the amendments to some of the provisions of Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI). The sections/ subsections of the MORB that were amended are as follows: a. Subsec. X141.2 Qualifications …

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BSP Memorandum No. M-2015-035: Regulatory Relief for Banks Affected by Typhoon “Ineng”

Dear Rural Bankers, The Bangko Sentral ng Pilipinas, following the approved resolution of the Monetary Board, has issued a memorandum granting selected banks of temporary regulatory and rediscounting relief. These are banks with head offices (HOs) and/or branches/ extension offices (EOs)/ microfinance-oriented banking offices (MBOs) in the areas which were devastated by Typhoon “Ineng” based …

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RBAP 58th Charter Anniversary Symposium Circular Letter

21 September 2015 RE: RBAP 58th CHARTER ANNIVERSARY SYMPOSIUM The Rural Bankers Association of the Philippines will hold its 58TH Charter Anniversary Symposium on November 9-10, 2015 (Monday & Tuesday) at Grand Ballroom C & D of the Manila Marriott Hotel in Pasay City. This year’s symposium theme “RURAL BANKS: FINANCIAL ACCESSIBILITY IN THE COUNTRYSIDE,” …

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RBAP congratulates winners of the 2015 LBP Gawad CFI Awards

RB Goa bags Land Bank of the Philippines’ Gawad CFI 2015 Hall of Fame Award Card Bank, Inc. ranked 1st place and received a Special Award for Agri-Agra Loans for the Rural Bank Category Gateway Rural Bank, Inc. received a Special Award as Best CFI Intermediary – Lowest Pass-On Rate Cooperative Bank of Cotabato wins …

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BSP tightens guidelines on deposits, securities investments

BSP tightens guidelines on deposits, securities investments MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has imposed stricter guidelines on the funds received from customers for securities investments and deposits to boost efforts in protecting the welfare of financial consumers. The BSP has directed banks to segregate the funds of customers received under a …

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BSP Memorandum No. M-2015-028: Revised Effectivity Date of the Financial Reporting Package (FRP) and Other Related Reports in Relation to Recently Issued Regulations

06 August 2015 TO: All Rural Banks SUBJECT: Revised Effectivity Date of the Financial Reporting Package (FRP) & Other Related Reports Dear Rural Bankers, Attached for your guidance is Memorandum No. M-2015-028 dated 31 July 2015 on the Revised Effectivity Date of the Financial Reporting Package (FRP) and Other Related Reports in Relation to Recently …

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BSP Circular Letter No. CL-2015-044: Showing of Savings Videos in Head Office (HO) and Branches of Banks

Under Circular Letter No. CL-2015-044, the Bangko Sentral ng Pilipinas (BSP) highly enjoins banks, their head office and branches, to show the savings videos provided by the BSP in their TV screens and monitors (if these are available within HO and branch premises) for a duration of six months, in support to the consumer protection …

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Rural Banks: Portals of Inclusiveness for Juan and Juana dela Cruz

Date: 05.18.2015 Place: EDSA Shangri-La Manila Occasion: 62nd Annual National Convention and General Membership Meeting of the Rural Bankers Association of the Philippines Speaker: BSP Gov. Amando M. Tetangco, Jr. Today, we gather to kick off your 62nd Annual National Convention and General Membership Meeting. You have set “New Vision, One Direction, Stronger Organization” as …

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