Media Releases

This folder is a compilation of event photos, videos, press releases, speech of officers and guests

BSP Circular No. 797: Enforcement Actions on Banks in relation to Section 123 of RA No. 7653

Dear RBAP Members: For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular No. 797: Enforcement Actions on Banks in relation to Section 123 of Republic Act No. 7653. The said circular is also posted in the BSP website. View/download BSP Circular No. 797

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Philippine Star: New law allows foreigners to own 60% of rural banks

New law allows foreigners to own 60% of rural banks By Delon Porcalla (The Philippine Star) MANILA, Philippines – President Aquino has signed a law allowing foreigners to own up to 60 percent of voting stocks in rural banks. Under RA 10574, signed by the President last May 24, non-Filipino citizens may now own, acquire

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Philippine Daily Inquirer: New law seen to strengthen rural banks

The bill allowing foreigners to invest in rural banks in the country was recently enacted into law. The Rural Bankers Association of the Philippines (RBAP) on Wednesday hailed the signing by President Aquino of the measure that would allow foreign equity in rural banks, saying this would boost the rural banking sector. With the law,

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RBAP lauds PNOY for signing Foreign Equity Bill into law

The Rural Bankers Association of the Philippines (RBAP) expressed gratitude to President Benigno Simeon Aquino III for signing into law the Foreign Equity Bill or Republic Act (RA) 10574, saying this will help create an environment conducive to economic growth in the countryside. “The passage of the Foreign Equity Bill into a law is a

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Going green

Nowadays, projects that involve conservation and recycling are no longer limited to just corporate social responsibility undertakings. Going green has gained mainstream consciousness. Gone are those days where the color green just stands for dollar or any currency for that matter. Environmental protection has already impacted enterprise mentality greatly, so much so that business decisions

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Promises unbroken, promises fulfilled

The most agonizing part of post-elections scenario is the “waiting period.” Not just waiting for the election results (which could take a month and, in some cases, even years), but also waiting for the campaign promises made by the candidates, especially by Senate and Lower House hopefuls, to come to fruition. In today’s fast-paced world

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Reminder: MAY 26, 2013 – Deadline for Filing of Certificate of Candidacy for 2013 RBAP Elections

15 May 2013 To All RBAP Members: Please be reminded that the deadline for filing of CERTIFICATE OF CANDIDACY (COC) for the 2013 RBAP Elections is until 5 o’clock in the afternoon of MAY 26, 2013 (Sunday). For your guidance, attached is the Notice for the 2013 Elections and the required forms for candidacy. Kindly send your certificate of candidacy

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BSP Circular No. 796: Amendments to Appendix 45 (Notes on Microfinance) of Section X361 of the Manual of Regulations for Banks

For your guidance, attached is Bangko Sentral ng Pilipinas (BSP) Circular No. 796 – Amendments to Appendix 45 (Notes on Microfinance) of Section X361 of the Manual of Regulations for Banks (MORB). Circular No. 796 is posted in the BSP website. View BSP Circular No. 796.

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BSP Memorandum No. M-2013-017: Enhancements to the Risk-Based CAR Report in Relation to Recently Issued Regulations

For your guidance, attached is the Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2013: Enhancements to the Risk-Based Capital Adequacy Ratio (CAR) Report in Relation to Recently Issued Regulations. The memorandum is also posted in the BSP website. View BSP Memorandum No. M-2013-017    

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Channeling OFW investments in rural areas

The lack of access to microfinancing is still considered one of the main problems facing rural communities today, as most of them are forced to resort to “5-6” lenders or loan sharks to finance their small businesses. Thus it is viewed that a rural bank-OFW partnership towards delivering microfinance funding will not only provide rural

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