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LRA voluntary title standardization program (eTitle)

Please be advised that the LRA is implementing its eTitle Program under its Land Titling Computerization Project.  The eTitle Program provides title owners better protection by upgrading their manually issued titles to Electronic Certificates of Title. For the banks, the benefits of eTitles are as follows: 1. It provides another layer of due diligence for …

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Part II: Strengthening Credit Risk Management of RBs – July 31 to Aug. 1

FOR                        : ALL PARTICIPATING RURAL BANKS FROM                    : Ma. Corazon L. Miller, Chairperson Dear Fellow Rural Bankers: As part of the Rural Bankers Association of the Philippines (RBAP) continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), …

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Manila Times: Microinsurance education for Rural Bank clients

Access to protection is now open to those who need them most. And they just need to know it. The number of families with microinsurance has grown since 2010, when the government, through the efforts of the Department of Finance (DOF), Insurance Commission (IC) and the Bangko Sentral ng Pilipinas (BSP), released regulations to promote …

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Employment opportunity at RBRDFI

The Rural Bankers Research and Development Foundation, Inc. (RBRDFI), the technical arm of the Rural Bankers Association of the Philippines (RBAP), is urgently in need of a PROJECT ASSISTANT for an internationally-funded initiative. Minimum Qualifications: –       Male/Female not more than 27 years old –       Bachelor’s degree holder in Management, Banking/Finance, Education or equivalent –       Excellent …

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Frequently asked questions on Circular 749

To all RBAP members and partners, if you would like to be further enlightened on Circular 749, please  download and review Memorandum 032 signed on July 5.  The above-mentioned memo clarifies several issues such as minimum qualifications and responsibilities of members of the BOD. To secure a copy,click the attached link m032 or, download the …

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Poster requirements for the Truth in Lending Act

This is to notify all member banks of the recently promulgated BSP memorandum on poster requirements for the Truth in Lending Act, enhancing loan transaction transparency, signed on July 3, 2012. Please take the time to read the standard requirements, stipulated in memorandum 2012-030.  To see the specifications and sample template, please download the aforementioned …

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5 Rural banks now Accredited RFIs

The Rural Bankers Association of the Philippines once again congratulates five of its members banks for being certified by the Bangko Central ng Pilipinas as Accredited Rural Financial Institutions (ARFI) as of June 15, 2012.   This accreditation basically certifies that the loan portfolio of the five new ARFIs complies with the qualification requirements prescribed …

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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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