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Philippine Daily Inquirer: BSP ups incentives for rural banks’ consolidation

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Commercial and thrift banks are urged to acquire troubled rural banks, with regulators offering various incentives to potential white knights in a bid to end costly failures in the rural banking sector. The Bangko Sentral ng Pilipinas announced Wednesday that the Strengthening Program for Rural Banks (SPRB), under which incentives are granted to encourage acquisition …

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Manila Times: Better safe than sorry

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The times, they are a-chan-gin,’ as the legendary crooner Bob Dylan used to sing. Well, right now, the rural banking industry is likewise in the midst of change, especially when it comes to a collective mindset among rural banks that encourages prudence to go along with the unyielding dream of expansion. These two things need …

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Amendments to the regulations on the approval of new officers

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This is to notify all member banks of the amendments of certain provisions of the MORB with regards to the approval/confirmation of directors and officers. The revisions are in pursuant to Resolution Nos. 588 and 596A, both issued by the Monetary Board. Among those amended are Subsections X141.4, X141.9, X143.3, X143.5, X144, X180.4 and X406.10, …

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Guidelines in Strengthening Corporate Governance

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As part of the Bangko Sentral’s commitment to continuously strengthen corporate governance in all of its’ supervised financial institutions, Circular 749 has been amended in accordance with Resolution No. 625 of the Monetary Board. This is also to harmonize the existing BSP guidelines with those of the Principles for Enhancing Corporate Governance issued by the …

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Notice on new photo-bearing Philhealth Cards

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As per Memorandum No. 021 of the Bangko Sentral ng Pilipinas, dated 27 April, the new photo-bearing Philhealth Cards issued by an official authority are now comparable in quality with those issued by the SSS, GSIS and LTO and, eligible to facilitate financial transactions of said Philhealth members. With this new ruling, photo bearing Philhealth …

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Limits on borrowings of LGUs

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In accordance with MB Resolution No 7, all banks are advised to require the submission of Certificate of Net Service Ceiling and Borrowing, issued by the Bureau of Local Government on Finance from an LGU-borrower, as instructed by the Executive Director of said bureau in her letter dated February 7, stating that banks and other …

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Circular on granting of Full Trust License

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This is regarding the recently issued Circular 756 on the granting of Full Trust License and Investment Management Authority, please take note of the following amendments on X414.1 and X414.2 (d), or on the subsections on Required Capital and Prerequisites for engaging in investment management activities of the Manual on Regulations for Banks. The modifications …

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RBAP-MABS National Roundtable 2012

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The Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program is happy to announce that its National Roundtable Conference will be on June 7-8, 2012 at the Hyatt Hotel, Pedro Gil corner M.H. Del Pilar, Malate, Manila. Listen to discussions on pricing transparency and other regulations affecting microfinance. Share your own experiences …

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Updated Rules Implementing the Truth in Lending Act

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With the effectivity date of the Truth in Lending Act fast approaching, we would like to call all member RBs to review the recently issued circular on the modified and updated Rules Implementing the Truth in Lending Act to Enhance Loan Transaction Transparency for Non-Bank Financial Institutions (NBFIs) under BSP Supervision, and Penal Provisions on …

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Manila Times: Integrity and accountability in rural banks

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Manila Times — Corporate governance became the corporate buzzword in the business community shortly after the BW Resources scandal rocked the local stock market in 1999. The government corporate watchdog, the Securities and Exchange Commission (SEC), put in place legal frameworks to promote integrity, fairness and accountability in corporate managements. Three years after the BW …

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One-day Seminar on Solving The Cost

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One-day Seminar on Solving The Cost –Price Squeeze Problem in Agriculture  (SOCOPSPA) AN  INCONVENIENT  TRUTH The so called farm problem is about chronically and persistently low or negative farm profits that results from the cost-price squeeze phenomenon – a situation where farm prices are chronically close to or sometimes even below production costs. The cost- …

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Anti-Money Laundering Risk Rating System

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This is to notify all members and partners of RBAP of the newly issued Anti-Money Laundering Risk Rating System, adopted under MB Resolution 362 dated March 2 of this year.  With the approval of this rating system, expect the inclusion of new composite rating scheme, assessment tools, guidelines and the like when the BSP conducts …

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Rural Bankers Association of the Philippines · 2004 -2024 · All Rights Reserved

Rural Bankers Association of the Philippines
2004 – 2022 · All Rights Reserved
RBRDFI Website