The Bangko Sentral ng Pilipinas is calling all banks to support the Bankers Institute of the Philippines’ Trading and Development Week, from March 12-17. This week long celebration is deemed significant as banks “shall recognize the importance of continuous productivity enhancement “.
Revised compliance framework for all banks
February 7, 2012 Leave a Comment
The BSP has just released Circular 747, amending the entirety of Section X180 of the Compliance System under the Manual of Regulations for Banks. These revisions were approved by the Monetary Board in its resolution signed on the 20th of January 20, 2012.
Amendments on exemptions granted to small and micro-enterprises
February 6, 2012 Leave a Comment
This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises. As stipulated:
Big boost to rural development initiative
February 2, 2012 Leave a Comment
Check out the latest Manila Times article on RBAP. Visit the site here:
RBAP official pays courtesy call to Senator Marcos
February 1, 2012 2 Comments
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.
January highlights in pictures
February 1, 2012 Leave a Comment
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- Executive Director mendoza with Senator Marcos
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- RBAP Directors and Trustees
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- RBAP with DA Secretary Alcala
Consultation with PDIC
February 1, 2012 Leave a Comment
PDIC President Valentin Araneta with RBAP Directors and Trustees
News Compendium on Storify
January 31, 2012 Leave a Comment
For the latest compilation of trending topics on innovative projects and activities benefiting rural banks worldwide, follow RBAP on Storify.
RBAP delegation pays courtesy call to Sec. Alcala
January 26, 2012 2 Comments
RBAP officials with DA Secretary Alcala
RBAP supports restoration campaign
January 25, 2012 Leave a Comment
RBAP-RBRDFI Directors and Trustees
Circular letter No. 2012-08 on Resolution No. 83 of the Anti-Money Laundering Council
January 25, 2012 Leave a Comment
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:
Circular No. 745
January 25, 2012 Leave a Comment
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.
Revised Rules on offenses, fines, and procedure in Administrative Investigations
January 24, 2012 Leave a Comment
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.
Repost: 2012 RBAP Convention in Boracay
January 24, 2012 Leave a Comment
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.
Memorandum on Acceptability of new land titles
January 24, 2012 Leave a Comment
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:
