TO: ALL RURAL BANKS RE: PROHIBITION AGAINST DISCLOSURE OF THE REPORT OF EXAMINATION (ROE) AND THE CONTENTS THEREOF Dear Rural Bankers, The Bangko Sentral ng Pilipinas (BSP) reminds all BSP-Supervised Financial Institutions (BSFIs) that the ROE is the property of the BSP and is furnished to BSFIs for their use only. Accordingly, BSFIs, their directors …
TO: ALL RURAL BANKS RE: PROPOSED TEMPLATES OF ARTICLES OF MERGER AND ARTICLES OF CONSOLIDATION OF BANKS Dear Rural Bankers, The Bangko Sentral ng Pilipinas (BSP) has recently issued Circular Letter No. CL-2015-068 with reference to the subject cited above to guide banks intending to merge or consolidate. The central bank has provided templates of …
TO: ALL RURAL BANKS RE: REGULATORY RELIEF FOR BANKS/ NON-BANK FINANCIAL INSTITUTIONS WITH QUASI-BANKING FUNCTIONS (NBQBs) AFFECTED BY TYPHOON “LANDO” Dear Rural Bankers, The Bangko Sentral ng Pilipinas (BSP), following the approved resolution of the Monetary Board, have issued a memorandum granting temporary regulatory and rediscounting relief measures to banks/ NBQBs with head offices (HOs) …
Dear Rural Bankers, Pursuant to Monetary Board Resolution No. 1516, wherein the provisions of the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBF) on regulations on dividend declaration were amended. The sections/ subsections of the MORB that were amended are as follows: a. Sec. X136 Dividends “The following …
Dear Rural Bankers, The Monetary Board, in its Resolution No. 1342 dated 20 August 2015, approved the amendments to some of the provisions of Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI). The sections/ subsections of the MORB that were amended are as follows: a. Subsec. X141.2 Qualifications …
Dear Rural Bankers, The Bangko Sentral ng Pilipinas, following the approved resolution of the Monetary Board, has issued a memorandum granting selected banks of temporary regulatory and rediscounting relief. These are banks with head offices (HOs) and/or branches/ extension offices (EOs)/ microfinance-oriented banking offices (MBOs) in the areas which were devastated by Typhoon “Ineng” based …
BSP Memorandum No. M-2015-035: Regulatory Relief for Banks Affected by Typhoon “Ineng” Read More »
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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.
