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.
Please be informed of the latest circular of the Anti-Money Laundering Council, pursuant to Resolution No. 120 dated 18 October 2011. As stipulated in the resolution, all covered banking and financial institutions are required to submit reports on any suspicious transactions involving Egyptian officials from he former government of Hosni Mubarak. For more details on …
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 …
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 …
Revised reportorial requirements on Microfinance operations Read More »
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
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 …
FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman Dear Fellow Rural Bankers: As part of Rural Bankers Association of the Philippines (RBAP) continuing strategy to strengthen the rural banking industry, the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will start conducting seminars on Credit Risk Management. Course Title: One-Day …
CLOSED–CIR Credit Risk Management Training for RBs Sr. Officers -Jan 16, 2012 Read More »
FOR : ALL PARTICIPATING RURAL BANKS FROM : MA. CORAZON L. MILLER, Chairman SUBJECT : INTERNAL AUDIT/INTERNAL CONTROL SEMINAR 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 below as part of its continuing strategy to strengthen …
CIR Internal Control-Internal Audit – Feb 10, 2012 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 …
FOR : ALL PARTICIPATING RURAL BANKS FROM : Ma. Corazon L. Miller, Chairman SUBJECT : CIRCULAR LETTER: SEMINAR-WORKSHOP ON CORPORATE GOVERNANCE & RISK MANAGEMENT FOR RB DIRECTORS Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to announce that it …
CIR Corporate Governance Seminar Jan. 30-31, 2012 Read More »
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 …
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.
