Big boost to rural development initiative

Check out the latest Manila Times article on RBAP.  Visit the site here:

http://www.manilatimes.net/index.php/business/top-business-news/16272-big-boost-to-rural-development-initiative

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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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January highlights in pictures

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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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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Circular letter No. 2012-08 on Resolution No. 83 of the Anti-Money Laundering Council

This is to inform everyone of RN 83, detailing the decisions and recommendations authorized by the Anti-Money Laundering Council.  Stipulated in said document are the following:

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Circular No. 745

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.

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

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.

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Repost: 2012 RBAP Convention in Boracay

The Rural Bankers Association of the Philippines, in cooperation with the Iloilo Federation of Rural Bankers,  is pleased to announce the holding of the RBAP National Annual Convention at the Boracay Regency Hotel from May to 24 – 25 , 2012.

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Memorandum on Acceptability of new land titles

This is to notify all concerned banks of Memorandum 2012-004 on the criteria for acceptability of new land titles with Presidential decree no. 1271 Annotation as underlying collateral for loans offered for rediscounting with the BSP. It is however, subject to the following conditions:

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Revised reportorial requirements on Microfinance operations

This is to notify all rural banks, engaged in microfinance operations, of the amendments on the reportorial requirements under Circular No. 607 dated April 30. 2008. The thrust to amend or revise was due to the introduction of new microfinance products and, likewise, the growing exposure of banks, particularly universal and commercial, in wholesale MF loans.

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Call for posting of Balance and Consolidated Balance Sheets

As per CL-2012-02, all banks are encouraged to post the above-mentioned documents, in accordance with the revised forms and guidelines under CL 576, Memorandum Number 2007-030 and, Memo no. 2008-005

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Circular on opened and re-opened banking offices

For your perusal and personal records, the attached BSP file contains information pertaining to the approved applications for new banking offices, which opened and reopened during the 3rd Quarter of 2011.

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