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Comments on BSP’s Reducing Restrictions on Bank Branching

Comments on BSP’s Reducing Restrictions on Bank Branching in Support to Microfinance Development

The rural banking system is ideally situated and structured to evolve into the most sustainable microfinance provider in the Phil countryside. While many NGOs have successfully grown their portfolios and outreach through the years, they remain hampered by the fact that as NGOs, they are not allowed to accept deposits per se, like the rural banks, and therefore are unable to mobilize savings from the public, to channel to the growing needs of the MF sector. External funding from donors is slowly dwindling and costs of borrowings,even from a dynamic govt. agency like the PCFC, is much higher (13% vs. deposit costs of 1.5 – 4%, if internally generated)

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35 RB Directors Completed Corporate Governance & Risk Management Course

Last 17-18 March 2005, RBRDFI held its 28th Seminar-Workshop on Corporate Governance and Risk Management for RB Directors at RBAP Conference Room, Intramuros, Manila. Thirty-five (35) incoming and incumbent directors completed the said seminar.
The 2-day seminar-workshop created an air of understanding among the participants on their huge role as rural bank directors and in discerning the risks that may be deterrent to the smoothness of the rural bank operation. Moreso, the same instilled the appropriate course of actions and decisions that may be done in the context of fairness, accountability and transparency.
Mr. Nestor Z. Flores, Vice President for Philippine Deposit Insurance Corporation Human Resource Management Group, lectured on the Corporate Governance with full enthusiasm. Ms. Irene D.L. Arroyo, East West Bank VP-Treasurer, gave her thorough insights on Risk Management. BSP Examiners Ms. Cheryl Lyn R. Hernandez and Mr. Christopher L. Malaluan, both Specialist II of the Supervision and Examination IV of the BSP, supervised the two-day seminar.
Mr. Ace Calang and Ms. Jackie Lou E. Echon, Research and Training Associates of RBRDFI, facilitated the course.
In view, below is the list of the participants: Read more

Central Banker: FAQs on Lending Investors, Financing Companies and Pawnshops

OF LIs, FCs and PAWNSHOPS

Source: Central Banker, A Publication of the Bangko Sentral ng Pilipinas Sept.-October 2004 Vol. II Nos. 9 and 10 Read more

RBAP STRATEGIC PLAN

2010 VISION

“By 2010, RBAP shall be recognized as an institution known for its strong organization, full service, and as an advocacy and information and communication center for community banking in Asia.”

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RBAP Salutes GREEN BANK: 25th Among Top 1000 Taxpayers

The Rural Bankers Association of the Philippines (RBAP) through the leadership of Mr. Senen D. Glorioso salutes the Rural Greenbank of Caraga, Inc. for hitting the 25th rank among the top 1000 Centennial taxpayers of the Philippines. Mr. Joseph Omar O. Andaya, President and Chairman of the Board of Green Bank received the Plaque of Recognition awarded by the Bureau of Internal Revenue.

The full story was published in one of the leading newspapers last Monday, January 10, 2005. Read more

Sagip-Tulong Relief and Medical Mission

I wish to report that your association conducted the relief and medical mission under RBAP SAGIP-TULONG FUND last Saturday, January 8. It was undertaken jointly with the Philippine Airforce arranged by our RBAP Vice President for Mindanao and President of RB of Cantillan, Inc. Gen. William K. Hotchkiss III (Ret.). PAF Civil Assistant Chief of Air Staff for Civil Military Affairs Operations Col. Artemio G. Orozco and Directorate for Civil Relation Deputy Col. Gregorio U. Untalan provided the M-35 truck to deliver 3 tons of relief materials to Infanta, Quezon.
The activity started at 2:30 am and returned to Manila by 9:30 pm of the same day. We coordinated the mission with Father Boy Macabenta, parish head of Infanta who allowed us to use the church and classrooms manned by seminarians and civil volunteers to repack rice and canned good items into plastic pails marked “Operation Sagip-Tulong”.

Simultaneously, SAGIP-TULONG medical corp of all-doctor volunteers from PAF Villamor Hospital led by Cpt. Dr. Zarina S. Sempio O – 129202 MC (PAF) provided treatment and prescribed antibiotics, anti-diarrhea, anti-respiratory capsules and syrup, vitamins and infection applications to more than 180 patients in a makeshift wing of the parish church amidst heavy downpour and unending mud layers covering everywhere.
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RBAP and QUEDANCOR Reinforce Mutual Cooperation

RBAP Pres. Senen D. Glorioso shakes hands with Quedancor President Nelson C. Buenaflor during the MOA Signing

A new Memorandum of Cooperation (MOC) between the Rural Bankers Association of the Philippines (RBAP) and Quedan and Rural Credit Guarantee Corporation (QUEDANCOR) was crafted in order to deliver appropriate credit support services to the rural populace. Signed on December 15, 2004, the MOC aims to establish a functional mechanism that can collate, evaluate and effectively address the specific concerns of rural banks in areas where Quedancor operates and recommend positive steps for mutual benefits. Read more

ADB Recognizes RBs Help to OFWs

The Rural Bankers Association of the Philippines represented by its President, Mr. Senen D. Glorioso participated on the ADB conference as one of the panelists on REMITTANCES AS A DEVELOPMENT TOOL. He recounted the “Role of Rural Banks as Microfinance Institutions in Remittances.” Read more

Rice and Corn Production Status and Outlook

Food security and agriculture productivity is a perennial concern of the government due to its on-going offensive against poverty. The annual output of rice and corn, being the country’s staple food, is regularly monitored by the Department of Agriculture (DA) through the Sub-Committee on Cereals (SCC). The SCC is composed of different DA Bureau, input suppliers (machinery, fertilizers, etc.), financial institutions, farmer organizations and other government entities mandated to ensure the availability of food supply. It regularly meets to discuss food security issues, monitor production and bottleneck areas, and formulate action plans to resolve problems arising from their areas of concern. Read more