Media Releases

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

Manila Times: (White) knights to the rescue?

Help is on the way. Amid the desolate depths of despair that commonly embraces the unfortunate victims of cash-strapped financial institutions like banks going under, a program has been placed to pave the way for the potential onrush of corporate saviors before further damage can be done in the entire banking industry. Under the milestone …

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Re-broadcast: 59th National Convention Presentations – Aiming High, Charting a Clear Path

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 …

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Philippine Star: Foreign investors eye rural banks, insurance

MANILA, Philippines – Foreign venture capitalists are holding talks with Philippine rural banks and life insurance firms in another positive sign of strong optimism in the local economy. 1st Valley Bank President and chief executive officer Nicolas Lim admitted that the rural bank has been entertaining talks with a foreign venture fund interested in investing in the …

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Branching guidelines amendments

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 …

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BusinessWorld Online: Deal expected to boost crop insurance

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 …

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Re-broadcast: RBAP signs MOU with PCIC

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 …

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Accreditation of External TP on Corporate Governance

To RBAP members and partners, we would like to inform all of the recently promulgated BSP memorandum, stipulating the decision of said institution to reopen the window for accepting new applications for accreditation of External Training Providers (TP) of the Seminar on Corporate Governance. As stated, this is in accordance with the institute’s aim of …

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Rang-Ay Bank opens 22nd branch in Ilocos Sur

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 …

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Manila Times: Opportunities abroad are also opportunities here

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 …

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Philippine Daily Inquirer: BSP ups incentives for rural banks’ consolidation

Commercial and thrift banks are urged to acquire troubled rural banks, with regulators offering various incentives to potential white knights in a bid to end costly failures in the rural banking sector. The Bangko Sentral ng Pilipinas announced Wednesday that the Strengthening Program for Rural Banks (SPRB), under which incentives are granted to encourage acquisition …

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Manila Times: Better safe than sorry

The times, they are a-chan-gin,’ as the legendary crooner Bob Dylan used to sing. Well, right now, the rural banking industry is likewise in the midst of change, especially when it comes to a collective mindset among rural banks that encourages prudence to go along with the unyielding dream of expansion. These two things need …

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