Latest News Archives - Page 20 of 31 - Rural Bankers Association of the Philippines

Manila Times: Integrity and accountability in rural banks

Leave a Comment / Feature Story, Latest News, Rural Bankers Research and Development Foundation Inc., Seminars / By rbapadmin

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

Leave a Comment / Feature Story, Latest News, Seminars, Training Courses / By rbapadmin

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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Notice on Land and Sea transfer rates

Leave a Comment / Feature Story, Latest News / By rbapadmin

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 …

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Change in the Maturity of Placements in the Reserve Deposit Account Facility

Leave a Comment / Circular Letters and Memoranda, Feature Story, From BSP, Latest News, Media Releases / By rbapadmin

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 …

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Clarification on Secured loan and borrowing accommodation

Leave a Comment / Circular Letters and Memoranda, Feature Story, From BSP, Latest News, Media Releases, Press releases / By rbapadmin

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 …

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Philippine Star: BSP upgrades rural banks’ role

Leave a Comment / Latest News, Media Releases / By rbapadmin

Philippine Star — The Bangko Sentral ng Pilipinas (BSP) has given another rural bank the green light to operate as a rural financial institution (RFI), bringing to four the number of small banks that could raise funds for agri-agra lending. The BSP has approved the application of Rural Bank of Sta. Catalina Inc. to operate as …

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CL 753: Unification of the Statutory/Legal and Liquidity Reserve Requirement

Leave a Comment / Circular Letters and Memoranda, Feature Story, From BSP, Latest News, What's New for Rural Banks / By rbapadmin

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 …

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Call for nominations for the 1st Paeng Microfinance Awards

Leave a Comment / Events and Activities, Latest News, Media Releases, Press releases / By rbapadmin

On behalf of the Rafael Buenaventura Foundation, we would like to invite all member RBs and partners to support and participate in the first ever Rafael Buenaventura Awards for Outstanding Microfinance Institutions. In partnership with the Bangko Sentral ng Pilipinas, Microenterprise to Banking Services (MABS-USAID), Microfinance Council of the Philippines and PinoyMe Foundation, this prestigious …

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Call for Proposals: Social Marketing Campaign for Rural Banks and their Low-Income Clients

Leave a Comment / Feature Story, Latest News, Rural Bankers Research and Development Foundation Inc., What's New for Rural Banks / By rbapadmin

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 …

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Advisory on New Transaction Codes

Leave a Comment / Circular Letters and Memoranda, From BSP, Latest News, Media Releases / By rbapadmin

To all Compliance Officers Please be advised that 58 new transaction codes identified by various covered institutions were approved by the undersigned on 15 March 2012, pursuant to an authorization from the AMLC. These additional transaction codes have been incorporated in the AMLC transaction codes library and are available for use by the covered institutions. …

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RBAP 2012 Election of Officers

Leave a Comment / Circular Letters and Memoranda, Events and Activities, From RBAP, Latest News, Media Releases / By RBAP

Dear Fellow Rural Banker: In connection with the forthcoming RBAP 59th Annual Corporate Meeting to be held on May 24, 2012 at the Boracay Regency Beach Resort and Spa, we would like to advise all to download and review the attached files below: 1. Notice of Joint RBAP/RBRDFI Annual Corporate Meeting of Members and …

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Rang-Ay Bank’s 21st branch is now open for business

Leave a Comment / Accomplishments, Events and Activities, Latest News, Media Releases, Press releases, What's New for Rural Banks / By rbapadmin

A fast growing bank, the Rang-ay Bank formally opened its 21st banking office last February 27, 2012 located at the heart of the municipality of Bangar, La Union. The ceremonial ribbon cutting was led by the town Mayor Joy Pinzon-Merin, with former PRC Board of Dentistry Chairman Dr. Rosita Canlas-Nisce. Rev. Fr. Gregorio Q. Nillo, Parish …

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PAL approved convention fare rate for RBAP

Leave a Comment / Accomplishments, Circular Letters and Memoranda, From RBAP, Latest News, Media Releases, Press releases / By rbapadmin

To all rural bankers interested in joining the the Annual National Convention in Boracay, please be informed of the latest fare rates approved by Philippine Airlines for RBAP members. Sale Period: 23 March to 15 April Travel Period: …

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19th Microinsurance Basic Training Course on April 24 – 25, 2012

Leave a Comment / Events and Activities, Feature Story, Latest News, Press releases, Rural Bankers Research and Development Foundation Inc., Seminars, Training Courses / By rbapadmin

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 …

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Latest modus operandi targeting remittance agents

Leave a Comment / Accomplishments, Feature Story, Latest News, Media Releases, President's Corner, Press releases / By rbapadmin

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 …

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