The Banco Sentral ng Pilipinas has approved the renaming of Rural Bank of Soliven in Isabela to Common Wealth Rural Bank, Inc. With Circular No. CL 2011-074, the formal change of corporate name was approved on October 6, 2011.
Attached for your guidance is BSP Circular No. 791 – Restoration of the 2009 Assessment Rates for Annual Supervisory Fees (ASF) Charged on Banks and Non-Banks With Quasi-Banking Functions For 2013 onwards, issued 3 April 2013. Circular No. 791 is also posted in BSP’s website at www.bsp.gov.ph/downloads/regulations/attachments/2013/c791.pdf View BSP Circular 791 here
Attached for your guidance is the Memorandum to All Banks on the Updated Published Balance Sheet and Consolidated Balance Sheet pursuant to Circular No. 788 dated 26 February 2013 and Circular No. 576 dated 8 August 2007 on the Publication/Posting of Balance Sheet. The said template shall be adopted starting with the reporting period ended …
Bangko Sentral ng Pilipinas on October 25 released a circular on Publication of Balance Sheets signed by Deputy Governor Nestor A. Espenilla,Jr. To view signed circular, please click the link provided below: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/cl075.pdf
The Bangko Sentral ng PIlipinas has approved the application for branches of 10 rural banks submitted in the second quarter of 2012. In a circular signed on Oct 5, 2012, BSP gave its go signal to open new and re-open closed branches for several banks. The document also allowed the extension of existing branch offices. …
Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 Pursuant to Circular No. 736 of 20 July 2011. The Bangko Sentral ng Pilipinas clarifies that the circular was drafted for information dissemination and not as an endorsement. Provided on the said circular are list of qualified banks. To …
This is to advise all of the change of name of Rural Bank of Lubao, Inc. to Bank of Lubao (A Rural Bank) Inc, stipulated in BSP Circular No. 2012 – 066. Its’ amended articles and by-laws bearing its new corporate name was registered with the Securities and Exchange Commission on 15 August 2011. For …
This is to inform all our partners and friends on the recent amendments on Sections X401, x403, X406.3 and x406. 4 the Manual of Regulations for Banks, in accordance with Resolution No. 1325 of the Monetary Board, the aim of which is to strengthen Corporate Governance and Risk Management Practices on Trust, other Fiduciary Business …
Amendments to the Guidelines in Strengthening Corporate Governance and Risk Management Read More »
To all friends and partners, please be advised of the revised outsourcing framework for banks, approved by the Monetary Board in its Resolution No. 1179 last July 19. Included in the amendments are Section X162 and other relevant provisions of the Manual of Regulations for Banks. Based on the above – mentioned resolution, some of …
This is to advise all of the recently issued BSP circular, amending Section X319 of the Manual of Regulations for Banks. As stated in this circular, the word “restructuring” should be deleted and the newly amended provision should be read as follows: “Sec. X319. The grant, renewal, or extension of unsecured loans shall, in addition …
The Rural Bankers Association of the Philippines once again congratulates five of its members banks for being certified by the Bangko Central ng Pilipinas as Accredited Rural Financial Institutions (ARFI) as of June 15, 2012. This accreditation basically certifies that the loan portfolio of the five new ARFIs complies with the qualification requirements prescribed …
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 …
This is to notify all member banks of the amendments of certain provisions of the MORB with regards to the approval/confirmation of directors and officers. The revisions are in pursuant to Resolution Nos. 588 and 596A, both issued by the Monetary Board. Among those amended are Subsections X141.4, X141.9, X143.3, X143.5, X144, X180.4 and X406.10, …
Amendments to the regulations on the approval of new officers 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.
