RBAP official pays courtesy call to Senator Marcos

Senator Ferdinand Bongbong Marcos with RBAP officials led by Executive Director Vicente MendozaThe 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.

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Consultation with PDIC

PDIC President Valentin Araneta with RBAP Directors and Trustees

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News Compendium on Storify

For the latest compilation of trending topics on innovative projects and activities benefiting rural banks worldwide, follow RBAP on Storify.

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Article on cooperation between DA and Rural Bankers on Phil Star

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.

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Deposits up in Q3 2011

Another good showing for the rural banking industry as the Philippine Deposit Insurance Corporation (PDIC) reports a significant increase in the total level of deposits. As of third quarter in 2011, total deposits in RBs increased by 4.1% from P119.5 billion to P124.4 billion.

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RBAP delegation pays courtesy call to Sec. Alcala

RBAP officials with DA Secretary Alcala

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RBAP supports restoration campaign

RBAP-RBRDFI Directors and Trustees

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RBAP joins restoration of Rice Terraces

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Support for foreign equity in RBs featured in the Philippine Star

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 .

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Amendments in the types of MI Loans

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.

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Holiday Break Notice

This is inform everyone that the RBAP Office in Intamuros will be closed for the holidays, starting December 22 to January 1, 2012.  Thus, those who wish to visit or schedule a meeting with the President/Executive Director should do so after the break.  Likewise,  please note that all snail mail communications, queries and requests received during this period will only be entertained on or after January 2, 2012.  However, if you wish to forward a message during the holiday break, please send it to info@rbap.org.

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RBAP-MABS achievements highlighted in International Study Tour

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.

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National Banking Week 2012

In accordance to Proclamation 2250, designating January 1 to 7 as National Banking Week, the Banko Sentral ng Pilipinas is encouraging all banking institutions and their branches to undertake promotional and publicity generating activities such as advertising, window and counter displays, streamers, distribution of give-aways and similar incentives.  Likewise, the BSP enjoins all banks to promote the benefits derived from banks and the role they play in strengthening the economy of the country.

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Yuletide Greetings from RBAP

2011 RBAP Charter Anniversary Photo Gallery

Additional photos taken during the 54th Charter Anniversary Symposium at the Polkabal Ballroom Manila Hotel.  You may also view more symposium pictures at RBAP’s  Slideshare account (RBAPAT54).

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