Press releases

Advisory on New Transaction Codes

To all Compliance Officers Please be advised that 58 new transaction codes identified by various covered institutions were approved by the undersigned on 15 March 2012, pursuant to an authorization from the AMLC. These additional transaction codes have been incorporated in the AMLC transaction codes library and are available for use by the covered institutions. …

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RBAP 2012 Election of Officers

Dear Fellow Rural Banker: In connection with the forthcoming RBAP 59th Annual Corporate Meeting to be held on May 24, 2012 at the Boracay Regency Beach Resort and Spa, we would like to advise all to download and review the attached files below:   1. Notice of Joint RBAP/RBRDFI Annual Corporate Meeting of Members and …

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Rang-Ay Bank’s 21st branch is now open for business

​A fast growing bank, the Rang-ay Bank formally opened its 21st banking office last February 27, 2012 located at the heart of the municipality of Bangar, La Union.  The ceremonial ribbon cutting was led by the town Mayor Joy Pinzon-Merin, with former PRC Board of Dentistry Chairman Dr. Rosita Canlas-Nisce. Rev. Fr. Gregorio Q. Nillo, Parish …

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PAL approved convention fare rate for RBAP

To all rural bankers interested in joining the the Annual National Convention in Boracay, please be informed of the latest fare rates approved by Philippine Airlines for RBAP members.   Sale Period:                        23 March to 15 April Travel Period:           …

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19th Microinsurance Basic Training Course on April 24 – 25, 2012

RBAP-RBRDFI invites you to the 19th Microinsurance Basic Training Course. It will be held on April 24 – 25, 2012 at the RBAP Conference Hall, 2F RBAP Bldg., Intramuros, Manila. This training aims to enhance the capacity of rural banks to serve as effective delivery channels for microinsurance services for the low-income clients. It is …

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Updated: Additional papers on CSTRB Management Course now available

For those who are keen on securing copies of of Assistant Governor Yuvienco’s and Director Gail Fule’s lectures during the recently concluded Southern Tagalog Management Conference in Ilocos, you may now download their ppts  from this site.  You may also download from our Slideshare account by just following and clicking RBAPAT54. Please continue monitoring our …

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Latest modus operandi targeting remittance agents

This is regarding fraudulent/ illegal scheme perpetrated against remittance centers by means of deceit and/or misrepresentation.  Due to the  recent illegal act that affected one remittance Center (non-bank), all management and personnel should heed the cautionary directives, stipulated in BSP Circular Letter No. 19. As stated in the circular, the perpetrators seem to be targeting …

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Philippine Star: RBs to boost consumer, SME lending portfolio

Philippine Star — The country’s rural banks will be aggressively lending to the consumer and small and medium enterprise (SME) markets this year, a bank official said. According to Rural Bankers Association of the Philippines (RBAP) president Ian Eric Pama, the high level of liquidity, low interest rate environment, and strong competition within the country’s banking systemserve …

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Early bird registration ends March 30

TO: CONFED/FEDERATION PRESIDENTS FROM: VICENTE R. MENDOZA, Executive Director RE: REMINDER FOR EARLY BIRD REGISTRATION 2012 ANNUAL CONVENTION, BORACAY REGENCY —————————————————————————————————————————- Dear Confed/Federation Presidents, Greetings! In line with the  upcoming RBAP Annual National Convention in Boracay on May 24-25, 2012, please be reminded that the last day for Early Bird Registration is on March 30, 2012 (Friday). To avail the …

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Manila Times: RBAP to take advantage of strong growth forecast in mobile banking

Manila Times —THE Rural Bankers Association of the Philippines (RBAP) is looking to capitalize on the projection of a strong growth in the mobile banking business this year, driven by the continuous flexibility of carriers to adapt according to market needs. RBAP President Ian Eric Pama said that rural banks will utilize the advantages of …

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Philippine Star reports arraignment of former Legacy Executive

The former executive of the failed Legacy Bank, one of those accused of misappropriating funds of the Rural Bank of Carmen, was finally arraigned in the city of Danao in Cebu after being nabbed in Bohol last month. For more on this exclusive news by Mr. Lawrence Agcaoili, go to the website of the Philippine …

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RBAP launches SMART Money Accreditation Training Course

The highly-anticipated SMART Money Accreditation Training Course for rural banks was finally launched in historic Intramuros by the Rural Bankers Research and Development Training Foundation, in partnership with SMART Communications Inc. and RBAP’s Microenterprise Access to Banking Services-USAID program. For one whole day last March 9, representatives  from various Luzon based RB’s immersed themselves in …

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“Philippine Economic Briefing: Pushing forward on all fronts”

2012 is turning out to be another good year for the country, as evidenced by the better than expected forecast reports presented by the government during the Economic Briefing at the PICC last March 6. Unbeknownst to many, three of the world’s respected rating organizations such as Fitch, Standard and Poor and Moody’s have recognized …

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Rectified link for IT Profile Template

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.