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Total financial value of PhilPass transactions increase to 54 percent

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The following article published by The Philippine Star reports the substantial increase in total value of financial transactions handled by the Bangko Sentral ng Pilipinas’ PhilPass system.  Published on the 15th of November, the article stipulates that the jump occurred in the first quarter of 2011 due to the steady rise of remittances of Filipinos …

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M-056, Approving the Temporary Regulatory Relief to banks affected by typhoon “Pedring”

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Please be informed of the issuance of Memorandum o56 or,  the granting of temporary regulatory relief to banks with offices and branches located in areas devastated by Pedring, which was approved by the Monetary Board in its promulgated Resolution No. 1597.  The aforementioned resolution contains several provisions, specifically on the form of temporary relief granted …

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Downloadable presentations from last week’s RBAP Symposium

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To all members interested in securing copies of speeches and presentations from November 10-11, you can now download the powerpoint files from this site.  Please be informed however that not all files are available since RBAP is still in the process of securing permission from the presenter/s.  Once we get the go-signal, rest assured that …

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Circular Letter No. 086, removing 8 banks from the U.N. Sanctions List

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To all banking and financial institutions under the supervision of the BSP, please be informed that CL No. O86, pursuant to the Anti Money Laundering Council Resolution No. 119, hereby removes 8 banking institutions from the Al-Qaida Sanctions List, based on the approval of the United National Security Council Committee.  Under the new law, as …

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Celebrating 54 years of Rural Banking in the country

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Solid at 54.  In celebration of the forthcoming charter anniversary on November 4, the Rural Bankers Association of the Philippines will be holding a symposium at the Polkabal-Ballroom of the Manila Hotel, with the theme “Rural Banking Innovation, the Next Generation.” Guests for this two-day event include BSP Deputy Governor Nestor Espenilla, DAR Secretary Proceso Alcala, …

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USAID and Peace Corps’ 50th Anniversary

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As an implementing partner of MABS-USAID, the Rural Bankers Association of the Philippines warmly salutes the 50th year anniversary of USAID and Peace Corps  in the Philippines…50 solid years of fostering development and peace in the country.  In solidarity, we in RBAP would like to invite everyone to join this milestone event on the 4th …

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Strategies and Opportunities for Rural Banks

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What are the new strategies and  innovative ways that can be explored by RBs and eventually, adopted by the whole rural banking industry?   These are the diverse  and topical challenges faced by rural banks today as they try to find effective ways to better serve their clients.  Fortunately, experts from banking and finance discussed …

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Compilation of latest BSP Issuances

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The Rural Bankers of the Philippines, which will be celebrating its charter anniversary in November, recently held its monthly Confederation Meeting at the SMX Convention Center in Pasay City.  One of the highlights of the event was the presentation by the Bangko Sentral ng Pilipinas on four (4) circulars benefitting the rural banking industry. Worth …

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Banco Carrascal’s new corporate name

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The Banco Sentral ng Pilipinas recently issued a circular, detailing the approval of the change of corporate name of Banco Carrascal, Inc. to BANCO CARRASCAL, Inc. (A Rural Bank).  As stipulated in CL 2011 – 082, which came out on 19 October 2011, the bank concerned has registered its Amended Articles of Incorporation bearing its …

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Celebrating another Milestone: RBAP’s Charter Anniversary Symposium at the Manila Hotel

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We are pleased to inform everyone that RBAP will be holding its 54th Charter Anniversary Symposium on November 10-11, 2011 at the historic Polkabal-Rigodon Ballroom of the Manila Hotel. This year’s conference theme is “ Rural Banking Innovation: The Next Generation” whereby, it talks on how the seeds of a firm and strong foundation for …

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Rural Banks Get Microinsurance Licenses

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Rural Banks Get Microinsurance Licenses (The Philippine Star) MANILA, Philippines – Seven rural banks have received their licenses to offer microinsurance while another 40 rural banks are currently processing their applications with the Bangko Sentral ng Pilipinas (BSP) and the Insurance Commission (IC). This development is a direct result of an initiative to train and …

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BSP guidelines put teeth into Agri-Agra law

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But bank officials claim mandated lending may be bad for business By: Michelle V. Remo Philippine Daily Inquirer Monday, September 5th, 2011 The Bangko Sentral ng Pilipinas has issued the necessary guidelines to implement the new and stricter Agri-Agra law amid protests from the country’s banking sector. The law’s amended version, Republic Act No. 10000, calls for stricter implementation of the provisions …

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2004 – 2022 · All Rights Reserved
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