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.
To all authorized BIR Agent Banks, Memorandum 014 of the BSP authorizes said agent banks to render banking services from 9 am to 5 in the afternoon on march 31 and April 14 and; extend banking operations up to 5 pm from April 2 to 15, 2012. The above directive is to assist the BIR …
For those rural banks that have been attempting to access the sample template from the BSP website, please use the following link, as specified in the corrected Memorandum 011. http://www.bsp.gov.ph/frp/templates Once you’ve reached the site, please use your FRP Code. Please click the link to download the corrected memorandum. Corrected Copy Thank you.
Circular 750 of the Bangko Sentral ng Pilipinas hereby states the amendments on certain provisions of the MORB on the risk weighting of bank loans to the extent guaranteed by the Agricultural Guarantee Fund Pool, in accordance with the Resolution 276 of the Monetary Board. Particular attention should be given on the amendments under (1) …
Amendments on risk weighting of bank loans guaranteed by AGFP Read More »
To all rural bankers, pleased be informed of the recently issued Circular 749 or the approved Guidelines in Strengthening Corporate Governance in BSP supervised Financial Institutions. Pursuant to Resolutions 111 and 227 of the Monetary Board, the 29-page circular stipulates the amendments on the Manual of Regulations for Banks under Subsections X141, X142, X174 to …
Guidelines in Strengthening Corporate Governance Read More »
This is to notify all rural bankers of the required accomplishment and submission of IT Profile Report, for the creation of a baseline IT information and, risk profile the complexity of IT operations based on technology related products. Below are the summarized guidelines in the submission of the IT profile, which RBAP hopes will be …
The Rural Bankers Association of the Philippines is delighted to announce that it will be holding the 59th Annual National Convention and Corporate Meeting at the Boracay Regency Beach Resort and Spa in the world-renowned island of Boracay from May 24-25, with the theme “Aiming high: charting a clear path for vibrant rural banking future”. For this upcoming …
To all rural bankers, please take note of the reminders/ notifications stipulated in BSP Memo No. 9, explaining the necessity of timely initiating the extension of corporate terms. For your perusal, kindly download the PDF file from our Slideshare account Thank you. M009 View more documents from RBAPAT54
All member rural banks are hereby notified of the amendments on the provisions of Micro Agri Loans, as stipulated in the recently issued BSP circular. The modifications are under subsection X361.7 of the MORB. Particular attention should be given on Section 2, which lists several prudential requirements for compliance; Section 3 meanwhile covers the breakdown …
The Bangko Sentral ng Pilipinas is calling all banks to support the Bankers Institute of the Philippines’ Trading and Development Week, from March 12-17. This week long celebration is deemed significant as banks “shall recognize the importance of continuous productivity enhancement “. Please download the circular here cl011for more details. Thank you.
The BSP has just released Circular 747, amending the entirety of Section X180 of the Compliance System under the Manual of Regulations for Banks. These revisions were approved by the Monetary Board in its resolution signed on the 20th of January 20, 2012. Please take note that all should comply on or before July 1, …
This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises. As stipulated: “Loans small and micro enterprises which are not specifically exempted from the additional documentary requirements specified under the third …
Amendments on exemptions granted to small and micro-enterprises Read More »
Another good showing for the rural banking industry as the Philippine Deposit Insurance Corporation (PDIC) reports a significant increase in the total level of deposits. As of third quarter in 2011, total deposits in RBs increased by 4.1% from P119.5 billion to P124.4 billion. Based on the general breakdown for all banks (commercial, thrift, rural, …
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 …
Circular letter No. 2012-08 on Resolution No. 83 of the Anti-Money Laundering Council Read More »
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
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 …
Revised Rules on offenses, fines, and procedure in Administrative Investigations Read More »
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