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
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 …
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 …
This is to inform everyone of the guidelines on the electronic submission of the report on Compliance with the Mandatory Agri Agra Credit under RA No. 10000 and the updated FRP Report, pursuant to Circular No. 736 and Memorandum Number M-2011-052. For a complete breakdown of the of the Agri Agra Submission and FRP Submission …
Guidelines on the electronic submission of the new Agri Agra Report and updated FRP Read More »
Please be informed that the newly formed Misamis Bank Inc, A Rural Bank, a consolidation of RB Tudela and RB Kolambugan, will start operating on the 2nd of January 2012, as per CL 2011-094 issued by the BSP on 6 December 2011. Said consolidation was registered under the SEC on April 19, 2011. To secure a …
In accordance to Proclamation 2250, designating January 1 to 7 as National Banking Week, the Banko Sentral ng Pilipinas is encouraging all banking institutions and their branches to undertake promotional and publicity generating activities such as advertising, window and counter displays, streamers, distribution of give-aways and similar incentives. Likewise, the BSP enjoins all banks to …
To all authorized agent banks in Roxas City and in the provinces of Capiz and Aklan, please be advised that the BSP branch in Kalibo is moving to its new home at Arnaldo Boulevard, Baybay, Roxas City. Cash operations and other salient functions such as accepting deposits, supplying currency requirements and replacing unfit currency for …
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 …
M-056, Approving the Temporary Regulatory Relief to banks affected by typhoon “Pedring” Read More »
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 …
Circular Letter No. 086, removing 8 banks from the U.N. Sanctions List Read More »
FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman SUBJECT : AMLA SEMINAR :BRIEFING ON BSP CIR. 706 – UPDATED AML RULES AND REGULATIONS Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will conduct a seminar described …
Cir AMLA Seminar: BSP Cir 706 -UARR – Nov 25, 2011 Read More »
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 …
The Securities and Exchange Commission approved on 14 July 2011 the Plan and Agreement and Articles of Consolidation of One Network Rural Bank, Inc. and Rural Bank of New Corella (Davao del Norte), Inc. to be known as One Network Bank, Inc. (A Rural Bank). Download the complete Circular Letter in PDF
Subject: Amendments to the Regulations Requiring the Submission of the Report on the Sworn Statement on Real Estate/Chattel Transactions The Monetary Board in its Resolution No. 1338 dated 1 September 2011approved the following amendments to the regulations requiring the submission of the Report on the Sworn Statement on Real Estate/ChattelTransactions. Download the Full Circular in …
*Note Click on the images to view separately, or download Full Circular in PDF
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.
