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 …
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 …
Philippine Star: Foreign investors eye rural banks, insurance Read More »
To all member rural banks and partners, please be informed of the amendments to the provisions of Section X151 of the Manual of Regulations for Banks, pursuant to Monetary Board Resolution No. 793. These amendments are specifically on Subsections X151.4, X151.5, XI51.7 and X151.8. In a nutshell, the amendments on Subsection X151.4 state the removal …
An agreement has been inked with the German government to develop a management information system in line with a possible crop insurance product for farmers, an official said. “We are using a radar-based remote sensing technology to gather data from the fields, basically on the actual yield and the identification of harvest areas,” said Antonis …
BusinessWorld Online: Deal expected to boost crop insurance Read More »
To RBAP members and partners, we would like to inform all of the recently promulgated BSP memorandum, stipulating the decision of said institution to reopen the window for accepting new applications for accreditation of External Training Providers (TP) of the Seminar on Corporate Governance. As stated, this is in accordance with the institute’s aim of …
Accreditation of External TP on Corporate Governance Read More »
The RBAP extends its heartfelt congratulations to the management of Rang-Ay Bank, headed by Mr. Ives Nisce, for the successful opening of its 22nd branch in Northern Luzon. A fast growing bank, the Rang-ay Bank formally opened its 22nd office last May 8, 2012 located across the New Public Market of Sta. Lucia, Ilocos Sur. The ceremonial ribbon cutting was …
The recently-concluded 45th Annual Board of Governors’ Meeting of the Asian Development Bank (ADB) tackled a number of economic issues not only in the Philippines but also for the whole region. But one thing that created a lasting impression and curious interest for the rural banking industry was the forecast on the level of remittances …
Manila Times: Opportunities abroad are also opportunities here Read More »
This is to inform all members of the approval of Rural Bank of Sta. Ignacia’s adoption of a new trade name by the Bangko Sentral ng Pilipinas, as stipulated in Circular Letter 2012-036 dated 21 May 2012. With this approval, the bank is now known as SIGNABANK Rural Bank of Sta. Ignacia, Inc. To secure …
To all member banks and partners, please take the time to read the letter of Mr. Valentin Arenata, warning all banks to ignore or report any suspicious/solicitation calls falsely representing his office. Contents of his letter are copy pasted below. You may also download the pdf version by clicking the attached link: Letter to RBAP …
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 …
Philippine Daily Inquirer: BSP ups incentives for rural banks’ consolidation Read More »
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 …
To all member banks and partners of RBAP, we are glad to announce the names of the official nominees for the 2012 RBAP Election. Please be informed that the 15 listed official candidates went through the usual selection process, in accordance with RBAP’s Election Code. For those who are eager to know the details of …
MANILA, Philippines – Administration lawmakers urged the Bangko Sentral ng Pilipinas (BSP) to enhance the incentives currently being offered to financial institutions that will acquire troubled rural banks to encourage mergers and prevent more closures of banks in the countryside. Cagayan de Oro Rep. Rufus Rodriguez and Abante Mindanao party-list Rep. Maximo Rodriguez Jr. filed …
Philippine Star: Admin lawmakers urge incentives for RB acquisitions Read More »
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 …
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 …
Manila Times: Integrity and accountability in rural banks 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.
