On behalf of the Microfinance Council of the Philippines , the Rural Bankers Association of the Philippines is pleased to announce the start of the 2012 Citi Micro-entrepreneur of the Year Awards Program. The Citi Microentrepreneur of the Year (MOTY) Awards is a nationwide search for outstanding microentrepreneurs in the Philippines. Now on its tenth …
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 leading countryside financial institution in the north, Rang-ay Bank, opened its 23rd branch on August 3, 2012 at the Luna (La Union) Sports Center. The ceremonial ribbon cutting was led by town Mayor Victor Marron with Mrs. Geraldine Ortega, wife of the provincial governor, and former PRC Board of Dentistry Chairman Dr. Rosita Canlas-Nisce, Msgr. Alfonso Lacsamana, Parish Priest of …
To all RBAP members and partners, if you would like to be further enlightened on Circular 749, please download and review Memorandum 032 signed on July 5. The above-mentioned memo clarifies several issues such as minimum qualifications and responsibilities of members of the BOD. To secure a copy,click the attached link m032 or, download the …
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 …
The rural banking industry has once again defied naysayers with the successful staging of the 59th RBAP Annual National Convention – a celebration of the industry’s yearly milestones, at the idyllic island resort of Boracay last May 24-25. Delegates, guests and sponsors, numbering more than 500, exchanged pleasantries with their colleagues and listened attentively to …
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 …
An agreement has been inked with the German government to develop a management information system in line with a possible crop insurance product for farmers, an official said. “We are using a radar-based remote sensing technology to gather data from the fields, basically on the actual yield and the identification of harvest areas,” said Antonis …
BusinessWorld Online: Deal expected to boost crop insurance Read More »
The scorching heat that enveloped the metropolis may have deterred some from venturing out last April 24, but representatives from both RBAP and the Philippine Crop Insurance Corporation were not at all troubled as they met and sealed their partnership in support of the government’s effort to uplift the lives of small farmers and fisherfolk …
The RBAP extends its heartfelt congratulations to the management of Rang-Ay Bank, headed by Mr. Ives Nisce, for the successful opening of its 22nd branch in Northern Luzon. A fast growing bank, the Rang-ay Bank formally opened its 22nd office last May 8, 2012 located across the New Public Market of Sta. Lucia, Ilocos Sur. The ceremonial ribbon cutting was …
The recently-concluded 45th Annual Board of Governors’ Meeting of the Asian Development Bank (ADB) tackled a number of economic issues not only in the Philippines but also for the whole region. But one thing that created a lasting impression and curious interest for the rural banking industry was the forecast on the level of remittances …
Manila Times: Opportunities abroad are also opportunities here Read More »
To all member banks and partners, please take the time to read the letter of Mr. Valentin Arenata, warning all banks to ignore or report any suspicious/solicitation calls falsely representing his office. Contents of his letter are copy pasted below. You may also download the pdf version by clicking the attached link: Letter to RBAP …
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.
