News Compendium on Storify
For the latest compilation of trending topics on innovative projects and activities benefiting rural banks worldwide, follow RBAP on Storify. [View the story “Latest news and trending topics on RBs” on Storify]
Latest News
RBAP delegation pays courtesy call to Sec. Alcala
RBAP officials led by President Ian Eric S. Pama and Executive Director Vicente Mendoza recently held a meeting with Secretary Proceso J. Alcala and Undersecretary Fleta of the Department of Agriculture to discuss measures on how the DA’s office can effectively support and strengthen its’ partnership with the rural banking industry. The two parties …
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RBAP supports restoration campaign
Proponents of the Save the Ifugao Rice Terraces Movement can now count on the support of RBAP as the association recently pledged its intention of donating 25,000 pesos, which will be used to purchase a mechanical grass cutter for the rehabilitation of the terraces. Members and trustees of the RBAP board unanimously gave their resounding concurrence …
Circular letter No. 2012-08 on Resolution No. 83 of the Anti-Money Laundering Council
This is to inform everyone of RN 83, detailing the decisions and recommendations authorized by the Anti-Money Laundering Council. Stipulated in said document are the following: 1. Approval of the Revised List of Transaction Codes; 2. Authorizing the secretariat to evaluate and approve any request for addition of transaction codes to the transaction library with …
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Circular No. 745
Please be advised that Subsection 4306Q.5 of the Manual of Regulations for Banks has been amended, pursuant to Monetary Board Resolution No. 1952, dated 27 December 2011. The amendments cover the reporting requirements for write-off of loans, other credit accomodations, advances and other assets. C745 View more documents from RBAPAT54
Revised Rules on offenses, fines, and procedure in Administrative Investigations
To all Rural Bankers, please be advised of the approved promulgation on the revised PDIC Rules on Administrative Offenses, fines and procedure in Administrative Investigations. This regulatory issuance is pursuant to Section 21 of RA No. 3591, as amended (the “PDIC Charter”), the Board of Directors of PDIC, by virtue of Resolution No. 2011-12-259 dated …
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Repost: 2012 RBAP Convention in Boracay
The Rural Bankers Association of the Philippines, in cooperation with the Iloilo Federation of Rural Bankers, is pleased to announce the holding of the RBAP National Annual Convention at the Boracay Regency Hotel from May to 24 – 25 , 2012. For other upcoming news and updates, we encourage all to continuously monitor the RBAP …
Memorandum on Acceptability of new land titles
This is to notify all concerned banks of Memorandum 2012-004 on the criteria for acceptability of new land titles with Presidential decree no. 1271 Annotation as underlying collateral for loans offered for rediscounting with the BSP. It is however, subject to the following conditions: 1. That the land titles submitted specifically state that the original …
Revised reportorial requirements on Microfinance operations
This is to notify all rural banks, engaged in microfinance operations, of the amendments on the reportorial requirements under Circular No. 607 dated April 30. 2008. The thrust to amend or revise was due to the introduction of new microfinance products and, likewise, the growing exposure of banks, particularly universal and commercial, in wholesale MF …
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Call for posting of Balance and Consolidated Balance Sheets
As per CL-2012-02, all banks are encouraged to post the above-mentioned documents, in accordance with the revised forms and guidelines under CL 576, Memorandum Number 2007-030 and, Memo no. 2008-005 To secure a copy of the latest circular, kindly download the document from RBAP’s slideshare account. Thank you. Cl002 View more documents from RBAPAT54
Circular on opened and re-opened banking offices
For your perusal and personal records, the attached BSP file contains information pertaining to the approved applications for new banking offices, which opened and reopened during the 3rd Quarter of 2011. Thank you. Cl005 View more documents from RBAPAT54
RBAP joins restoration of Rice Terraces
As part of its opening salvo for 2012, the Rural Bankers Association of the Philippines is joining the campaign to restore the Ifugao Rice Terraces by donating two grass cutters to help save the splendor of this world-renowned architectural marvel. RBAP is nonetheless still asking its partners to provide more tangible support by donating other …
Support for foreign equity in RBs featured in the Philippine Star
The rural banking industry is one step closer to realizing the dream of modernizing all RBs, with the the approval of the third and final reading of the house bill allowing up to 40 percent in foreign equity in rural banks. For details on the latest good news, please click the attached Philippine Star link http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=766334 …
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Amendments in the types of MI Loans
This is to notify all concerned rural banks on the amendments to Annex A of Circular Number 694, which now include Microfinance Plus in the types of Microfinance Loans. Under the new Microfinance Plus, borrowers can avail loans from 150,001 to 300,000 pesos on the basis of their cash flow. As mentioned in the …
Updated: Memorandum on BSP regulatory relief
For rural banks affected by storm Sendong, please be informed that the Bangko Sentral ng Pilipinas has approved the granting of regulatory relief measures on December 29, 2011. As stipulated in the press release, posted on the BSP website http://www.bsp.gov.ph/publications/media.asp?id=2776, the temporary measures include the following: 1. Excluding existing loans of borrowers in affected areas …