Feature Story

RBAP signs Memorandum of Cooperation with USAID

The Rural Bankers Association of the Philippines (RBAP) and the United States Agency for International Development (USAID) signed a Memorandum of Cooperation last March 31, 2014 to formalize their partnership in improving credit access through public land titling. The memorandum – signed by RBAP Executive Director Vicente R. Mendoza and USAID Mission Director Gloria D. …

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Tiaong Rural Bank, Inc. celebrates its Diamond Anniversary

Tiaong Rural Bank, Inc. (TRBI) celebrated its sixth decade in the business with a grand appreciation banquet on March 28, 2014 at the Anfa Royale Hotel in Lipa City, Batangas. The momentous event, attended by the bank’s Board of Directors and officers, business partners and valued clients, was highlighted by an audio visual presentation on …

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Invitation: PDIC’s Takbo sa Pagbangon ng Leyte

The Philippine Deposit Insurance Corporation (PDIC) will be having their benefit run,“Takbo Sa Pagbangon ng Leyte,” on May 4, 2014 at the PNB Financial Center along Pres. Diosdado Macapagal Boulevard, Pasay City. The initiative, done in partnership with Gawad Kalinga Community Development Foundation, is part of PDIC’s 50th Anniversary celebration and corporate social responsibility efforts. …

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Philippine Star: Mobile Banking Expands in Rural Areas

MANILA, Philippines – In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has …

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PDIC supports foreign ownership of rural banks

The Philippine Deposit Insurance Corporation (PDIC) has expressed support for the Senate and House bills that aim to amend the Rural Banking Act, allowing foreign ownership of rural banks. According to PDIC President Valentin A. Araneta, the broadening of sources of capital and banking technology implied by the proposed amendments could only serve to increase …

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EXTENDED DEADLINE! Call for Nominations for the 2012 Citi Micro-entrepreneur of the Year Awards (MOTY) Program

On behalf of the Microfinance Council of the Philippines , the Rural Bankers Association of the Philippines is pleased to announce the start of the 2012 Citi Micro-entrepreneur of the Year Awards Program. The Citi Microentrepreneur of the Year (MOTY) Awards is a nationwide search for outstanding microentrepreneurs in the Philippines. Now on its tenth …

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Daily Star: Valiant Bank awarded anew by CGAP for transparency

The Valiant Bank of Iloilo was awarded for the seventh straight year the Certificate of Transparency award from the yearly MIX Market Global merit recognition awards of the Consultative Group to Assist the Poor, a press release from the firm said. Bank president, Ian Eric Pama, received the award for the company during the 2012 …

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BusinessMirror: Aquino signs AMLA, anti-terror financing measures into law

President Aquino on Monday signed into law two measures aimed at strengthening the country’s anti-money laundering campaign by promoting openness in financial transactions, Malacañang said on Monday. “In a major step forward in enhancing transparency and accountability, the President has signed two bills into law, namely, ‘An Act To Further Strengthen The Anti-Money Laundering Law’ …

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Manila Times: (White) knights to the rescue?

Help is on the way. Amid the desolate depths of despair that commonly embraces the unfortunate victims of cash-strapped financial institutions like banks going under, a program has been placed to pave the way for the potential onrush of corporate saviors before further damage can be done in the entire banking industry. Under the milestone …

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Re-broadcast: 59th National Convention Presentations – Aiming High, Charting a Clear Path

The rural banking industry has once again defied naysayers with the successful staging of the 59th RBAP Annual National Convention – a celebration of the industry’s yearly milestones, at the idyllic island resort of Boracay last May 24-25.  Delegates, guests and sponsors, numbering more than 500, exchanged pleasantries with their colleagues and listened attentively to …

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Philippine Star: Foreign investors eye rural banks, insurance

MANILA, Philippines – Foreign venture capitalists are holding talks with Philippine rural banks and life insurance firms in another positive sign of strong optimism in the local economy. 1st Valley Bank President and chief executive officer Nicolas Lim admitted that the rural bank has been entertaining talks with a foreign venture fund interested in investing in the …

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Re-broadcast: RBAP signs MOU with PCIC

The scorching heat that enveloped the metropolis may have deterred some from venturing out last April 24, but representatives from both RBAP and the Philippine Crop Insurance Corporation were not at all troubled as they met and sealed their partnership in support of the government’s effort to uplift the lives of small farmers and fisherfolk …

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