The Rural Bankers of the Philippines, which will be celebrating its charter anniversary in November, recently held its monthly Confederation Meeting at the SMX Convention Center in Pasay City. One of the highlights of the event was the presentation by the Bangko Sentral ng Pilipinas on four (4) circulars benefitting the rural banking industry. Worth mentioning among the vast significant issuances is Circular No. 723, or the Outsourcing of Automated Teller Machine Service for off-site ATMs. Included on this particular issuance are certain conditions, which are subject to prior approval of the Monetary Board. To know more about this and other salient provisions, please click the attached PowerPoint presentation prepared by the BSP.BSP issuances
