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 »
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 »
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 …
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 »
This is regarding fraudulent/ illegal scheme perpetrated against remittance centers by means of deceit and/or misrepresentation. Due to the recent illegal act that affected one remittance Center (non-bank), all management and personnel should heed the cautionary directives, stipulated in BSP Circular Letter No. 19. As stated in the circular, the perpetrators seem to be targeting …
Latest modus operandi targeting remittance agents Read More »
Philippine Star — The country’s rural banks will be aggressively lending to the consumer and small and medium enterprise (SME) markets this year, a bank official said. According to Rural Bankers Association of the Philippines (RBAP) president Ian Eric Pama, the high level of liquidity, low interest rate environment, and strong competition within the country’s banking systemserve …
Philippine Star: RBs to boost consumer, SME lending portfolio Read More »
The former executive of the failed Legacy Bank, one of those accused of misappropriating funds of the Rural Bank of Carmen, was finally arraigned in the city of Danao in Cebu after being nabbed in Bohol last month. For more on this exclusive news by Mr. Lawrence Agcaoili, go to the website of the Philippine …
Philippine Star reports arraignment of former Legacy Executive Read More »
Dear Rural Bankers: Please forward to RBAP your hotel reservation for the upcoming 2012 RBAP National Convention in Boracay on or before March 16, 2012. For those who wish to extend their stay after the Convention proper, rooms may be subject to availability. Please be guided accordingly. The Accommodations Committee
To all rural bankers, pleased be informed of the recently issued Circular 749 or the approved Guidelines in Strengthening Corporate Governance in BSP supervised Financial Institutions. Pursuant to Resolutions 111 and 227 of the Monetary Board, the 29-page circular stipulates the amendments on the Manual of Regulations for Banks under Subsections X141, X142, X174 to …
Guidelines in Strengthening Corporate Governance Read More »
Another great read from the Manila Times as it features RBAP’s huge role in promoting mobile banking in the countryside. Click the link to read the rest of this story: http://www.manilatimes.net/index.php/business/top-business-news/16737-ph-market-prepares-for-mobile-banking-boom
Updates: If you wish to secure a copy of Pres. Araneta’s presentation,please download the file below The commitment to further enhance the country’s banking services in rural areas has received another boost as the Philippine Deposit Insurance Cooperation conveyed its support for the rural banking sector by helping develop a core banking software that will …
The Rural Bankers Research and Development Foundation, Inc. will be conducting the 2-Day Basic Microinsurance Training Course with the following federations: Samahang Bangko Rural ng Pangasinan February 20 – 21, 2012 City Deluxe Restaurant, Dagupan Open to Non – Federation Members CARAGA Rural Bankers Federation March 1 – 2, 2012 Dottie’s Place Hotel and …
RBRDFI ties up with Pangasinan and CARAGA Feds. for Microinsurance Training Course 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.
