The rural banking industry is one step closer to realizing the dream of modernizing all RBs, with the the approval of the third and final reading of the house bill allowing up to 40 percent in foreign equity in rural banks. For details on the latest good news, please click the attached Philippine Star link http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=766334 .
Thank you.
WHEN WOULD THIS BECOME A LAW? FEBRUARY , MARCH? WHAT ARE THE CHANCES?
Dear Mr. Dimapunong, this has yet to be deliberated in the Senate, but the good news is, this bill has already been approved in the third and final reading in the lower house. Rest assured that we will inform all once the bill becomes a law. Admin.