Rural Bankers Association of the Philippines » Accomplishments — Rural Bankers Association of the Philippines

RBAP official pays courtesy call to Senator Marcos

rbapadmin — Wed, 01 Feb 2012 10:09:27 +0000

The Rural Bankers Association of the Philippines, led by Executive Director Vicente Mendoza recently paid a courtesy call to Senator Ferdinand Marcos to request for sponsorship of a senate bill, amending foreign equity ceilings in rural banks.

If amended, rural banks would have additional funds available for borrowers (i.e. farmers, micro-entrepreneurs, fisherfolk) in the countryside.

Consultation with PDIC

rbapadmin — Wed, 01 Feb 2012 03:58:35 +0000

PDIC President Valentin Araneta with RBAP Directors and Trustees

The commitment to further enhance the country’s banking services in rural areas has received another boost as the Philippine Deposit Insurance Cooperation conveyed its support for the rural banking sector by helping develop a core banking software that will further reinforce the systems utilized in RBs. The development of a new system is envisioned not only as a way for RBs to remain competitive, but also bring down operating costs while continuing to strengthen their servicing capabilities.

This technological innovation was discussed between officers of RBAP and PDIC last January 30, 2011 at the PDIC HQ in Makati City. Under the Strengthening Programs for Rural Banks, the thrust to technologically improve stems from the fact that RBs play a crucial l role in enhancing financial inclusion by providing affordable loans through improved, yet cost effective services to micro-entrepreneurs and farmers in the countryside.

On of the poignant points mentioned during the get-together is the strategic position of rural banks in helping amalgamate the informal sector in the countryside into the formal financial sector. Like hitting two birds with one stone, this strategy will not only bolster the national economy, but likewise provide RBs with opportunities for growth.

Article on cooperation between DA and Rural Bankers on Phil Star

rbapadmin — Mon, 30 Jan 2012 04:03:35 +0000

Efforts by rural bankers to provide better credit access to farmers and fisherfolk was again featured in the business section of the Philippine Star. The article, published on January 29, reported the fruitful meeting between the officers of RBAP and Secretary Alacala of the Department of Agriculture.

Aside from the varied measures and fund guarantees discussed, both agreed to form a technical working group that would formulate recommendations to the agriculture department.

For more details, please view the attached link: http://www.philstar.com/Article.aspx?articleId=772163&publicationSubCategoryId=66

Thank you.

RBAP delegation pays courtesy call to Sec. Alcala

rbapadmin — Thu, 26 Jan 2012 04:17:11 +0000

RBAP officials with DA Secretary Alcala

RBAP officials led by President Ian Eric S. Pama and Executive Director Vicente Mendoza recently held a meeting with Secretary Proceso J. Alcala and Undersecretary Fleta of the Department of Agriculture to discuss measures on how the DA’s office can effectively support and strengthen its’ partnership with the rural banking industry. The two parties later agreed to create a technical working group that will study measures on how rural banks, through the help of DA, can further enhance their services.

Aside from President Pama and Exec. Director Mendoza, other members of the RBAP delegation who went to the DA’s office in Quezon City were Reginald Ocampo, Rene Sayo, Daniel Arcenas, Antonio Pasia and Atty. Edward Leandro Garcia.

Rbap and da

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Rbap and da

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RBAP supports restoration campaign

rbapadmin — Wed, 25 Jan 2012 14:21:14 +0000

RBAP-RBRDFI Directors and Trustees

Proponents of the Save the Ifugao Rice Terraces Movement can now count on the support of RBAP as the association recently pledged its intention of donating 25,000 pesos, which will be used to purchase a mechanical grass cutter for the rehabilitation of the terraces. Members and trustees of the RBAP board unanimously gave their resounding concurrence in helping regain the old splendour of the rice terraces during their monthly meeting last January 20, 2012.

The campaign to Save the Ifugao Rice Terraces is part of a nationwide PWD-project, culminating on February 3-4. As mentioned in the previous web post, proponents of this undertaking are also encouraging Filipinos and non-Filipinos alike to revive the Bayanihan spirit by volunteering.

The support for the rehabilitation of the Rice Terraces is one of the many notable CSR projects of the Rural Bankers Association of the Philippines. While RBAP is a not-for-profit advocacy association, helping to position its members as a formidable force within the Philippine national banking system, the association nonetheless never fails to engage and participate in worthy socio-civic activities.

Save the Rice Terraces

Circular No. 745

rbapadmin — Wed, 25 Jan 2012 01:47:55 +0000

Please be advised that Subsection 4306Q.5 of the Manual of Regulations for Banks has been amended, pursuant to Monetary Board Resolution No. 1952, dated 27 December 2011. The amendments cover the reporting requirements for write-off of loans, other credit accomodations, advances and other assets.

C745

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Revised Rules on offenses, fines, and procedure in Administrative Investigations

rbapadmin — Tue, 24 Jan 2012 03:31:06 +0000

To all Rural Bankers, please be advised of the approved promulgation on the revised PDIC Rules on Administrative Offenses, fines and procedure in Administrative Investigations. This regulatory issuance is pursuant to Section 21 of RA No. 3591, as amended (the “PDIC Charter”), the Board of Directors of PDIC, by virtue of Resolution No. 2011-12-259 dated December 9, 2011.

For more details, please click the attached link: http://www.pdic.gov.ph/index.php?nid1=7&nid2=1&rid=203

Thank you.

Support for foreign equity in RBs featured in the Philippine Star

rbapadmin — Tue, 10 Jan 2012 09:05:58 +0000

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.

Amendments in the types of MI Loans

rbapadmin — Tue, 10 Jan 2012 02:36:26 +0000

This is to notify all concerned rural banks on the amendments to Annex A of Circular Number 694, which now include Microfinance Plus in the types of Microfinance Loans. Under the new Microfinance Plus, borrowers can avail loans from 150,001 to 300,000 pesos on the basis of their cash flow. As mentioned in the circular, borrowers should have a track record of at least two microfinance loan cycles in the 50,000 to 150,000 range demonstrating the success of the business, increased demand for credit and subsequent increased capacity to pay , in order to avail.

To secure a copy of the circular, kindly download the attached BSP document c744.

Thank You.

RBAP-MABS achievements highlighted in International Study Tour

rbapadmin — Mon, 19 Dec 2011 02:54:50 +0000

Three Senior Officers from the Central Bank of India, State Bank of Pakistan and Central Bank of Sri Lanka recently visited the RBAP – MABS office in Intramuros as part of their study tour organized by the Asia Pacific Rural and Agrcultural Credit Association. Members of RBAP MABS, led by Mr. John Owens, Chief of Party, discussed with the three representatives the microfinance best practices and the various mobile banking services being utilized by member rural banks, as well as the history of rural banking in the Philippines.

http://www.rbapmabs.org/blog/2011/12/rbap-mabs-microfinance-and-mobile-phone-banking-initiatives-showcased-in-international-study-visit/

As of December 2011, there are 70 RBs participating in the USAID supported MABS programme. Last month, three clients of participating banks were honored in the 2011 CITI Micro entrepreneur Award.

To learn more about the successes and achievements of MABS, please go to the RBAP MABS website:

http://www.rbapmabs.org/home/

Thank You.