The Bangko Sentral ng Pilipinas ,on Oct 11,2012 , has amended provisions of the Merger and Consolidation Incentives. To view signed circular, please click the link provided below: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c771.pdf
Please be advised that the Bangko Sentral ng Pilipinas-Anti-Money Laundering Council wishes to inform the Rural Banks about a resolution concerning the Anti-Money Laundering Law. Kindly read the message below. The Anti-Money Laundering Council (AMLC) issued Resolution No. TF-02, dated 08 October 2012, directing covered institutions to freeze and preserve without delay property or …
Total outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, continue to expand in August but at a slower pace of 14.0 percent relative to the growth of 16.0 percent in July. Bank lending inclusive of RRPs likewise recorded a slower growth rate of 12.4 percent from 15.2 percent …
Sen. Sergio Osmeña III is pushing for the opening of the rural banking industry to foreign ownership of up to 60 percent of the voting stock of an existing rural bank to make the industry healthier and at par with its bigger counterparts. He said Senate Bill 3282, or “An Act Allowing Infusion of Foreign …
Malaya Business Insight: Foreign equity bill to make rural banks more competitive Read More »
Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks The circular states amendments of provisions for Part I appendix 63c of the Manual of Regulations for Banks on risk-based capital adequacy ratio, particularly on Section 1 and Section 2. For full circular details, please click the link: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c770.pdf
“Late last night the website of the Bangko Sentral ng Pilipinas (http://www.bsp.gov.ph/) was hacked by a group who claimed to speak for freedom. For a few hours, our website was inaccessible to those who needed to get real-time information from the BSP. We apologize to the public that we serve for this interruption. As of …
The BSP’s Central Supervisory Support Subsector is again requiring us to submit a consolidated report on the comparative benchmark median rates on bank deposits of rural banks for third quarter. In connection with this, please fill up the enclosed survey form. Survey Template If the bank has different rates for its head office and branches, please …
Rang-ay Bank opened its 4th Branch for the year 2012 last August 28 with the blessing and inauguration of its Dingras, Ilocos Norte Branch. The opening ceremony and cutting of the ribbon was led by Dingras Town Mayor Engr. Erdio Valenzuela and former Professional Regulatory Commission Board of Dentistry Chair Dr. Rosita Canlas-Nisce. The blessing …
Rang-Ay Bank’s 24th branch opens in Dingas, Ilocos Norte Read More »
To all member banks and partners, please be informed of the recent circular issued by the Supervisory and Examination Sector of the BSP, requiring the posting (and publishing) of Balance Sheet (Head Office, branches and other offices) , side by side with its Consolidated Balance Sheet as of June 30, 2012. This directive is pursuant …
Posting of Balance and Consolidated Balance Sheets Read More »
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 …
Since the convention date is fast approaching, we, at RBAP, would like to notify all that the last date of changing your hotel reservations is on May 8, Tuesday. Calls or inquiries will not be entertained beyond this date. Please be guided accordingly. Thank you.
The name Cantilan might not ring a bell for some, but this town on the fringe of Surigao del Sur boasts of impressive postcard-worthy backdrop of unspoiled beaches and structures dating back to Spanish times. Aside from these, Cantilan is also home to one particular rural bank, which continues to heed the growing demands of …
In solemn observance of the Holy Week, please be informed that the RBAP office in Intramuros will be closed starting April 4, Wednesday. All official services and transactions will resume on April 10, Tuesday. For those with pending appointments, we advise all to contact the main office before closing time on April 3, Tuesday. For …
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