Comments on: Posting of Balance and Consolidated Sheets http://www.rbap.org/2012/04/posting-of-balance-and-consolidated-sheets-2/ The official 2010 website Wed, 19 Dec 2012 00:39:14 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: Diego B. Ledda, Jr. http://www.rbap.org/2012/04/posting-of-balance-and-consolidated-sheets-2/comment-page-1/#comment-1841 Diego B. Ledda, Jr. Wed, 18 Apr 2012 07:43:21 +0000 http://www.rbap.org/?p=5865#comment-1841 The member rural banks, as you know, are under scrutiny by both the regulatory bodies and the public or customers due to their financial predicaments and closure experiences lately. RBAP is supposed to lead in practicing prudence in spending funds of the banks, much less, dollars must be conserved to help the government. How much will RBAP will take away from the coffers of the banks are spent. Holding conferences outside the country does not help the rural bank industry in particular and the country in general. There are so many good places here in the country. Anyway, your speakers are all coming from here, why spend a lot and then charge it to your respective banks, which will reduce your bottom line? Remember, much of the funds of your (for many) member banks belong to the public through deposits and only a meager part as your equity. I hope you will realize that, at present, the rural bank industry is losing its foothold to commercial/universal banks, that should be your main concern, secondly, the regulatory body (BSP) requirements for rural banks should not have framework similar with the comemrcial/universal banks, hence MORB for rural banks must be separately formulated and implemented. The member rural banks, as you know, are under scrutiny by both the regulatory bodies and the public or customers due to their financial predicaments and closure experiences lately. RBAP is supposed to lead in practicing prudence in spending funds of the banks, much less, dollars must be conserved to help the government. How much will RBAP will take away from the coffers of the banks are spent.

Holding conferences outside the country does not help the rural bank industry in particular and the country in general. There are so many good places here in the country. Anyway, your speakers are all coming from here, why spend a lot and then charge it to your respective banks, which will reduce your bottom line? Remember, much of the funds of your (for many) member banks belong to the public through deposits and only a meager part as your equity.

I hope you will realize that, at present, the rural bank industry is losing its foothold to commercial/universal banks, that should be your main concern, secondly, the regulatory body (BSP) requirements for rural banks should not have framework similar with the comemrcial/universal banks, hence MORB for rural banks must be separately formulated and implemented.

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