The RBAP Secretariat would like to announce that the deadline for last minute changes on room reservations is on the 30th of April 2012. Queries will not be entertained after the deadline, so kindly get in touch with RBAP if you wish to make some changes on or before April 30.
One-day Seminar on Solving The Cost
April 18, 2012 Leave a Comment
Anti-Money Laundering Risk Rating System
April 13, 2012 1 Comment
This is to notify all members and partners of RBAP of the newly issued Anti-Money Laundering Risk Rating System, adopted under MB Resolution 362 dated March 2 of this year. With the approval of this rating system, expect the inclusion of new composite rating scheme, assessment tools, guidelines and the like when the BSP conducts an on-site examination. The guidelines, sample questionnaire, details on audit control are provided below, which the BSP requires all covered financial institutions to thoroughly review and comprehend.
BusinessWorld: Rural bank to launch POS facility
April 12, 2012 Leave a Comment
DAVAO CITY — One Network Bank, the country’s largest rural bank, is planning to roll out about 2,000 point-of-sale (POS) terminals within the year as it seeks to improve services to clients while competing with the commercial banks.
Notice on Land and Sea transfer rates
April 10, 2012 Leave a Comment
On behalf of the Aklan Federation headed by Mr. John Guidon dela Cruz, we would like to notify all members and representatives of RBs interested in joining this year’s convention in Boracay of the available rates for Round Trip Land and Sea transfers. Organized by the aforementioned federation, the rates for Caticlan and Kalibo are as follows:
Change in the Maturity of Placements in the Reserve Deposit Account Facility
April 9, 2012 Leave a Comment
In connection with Resolution No. 475 of the Monetary Board, please be advised of the following amendments on the provisions of CL 539 of August 2006 and CL 551 of November 2006. The amendments are as follows:
Clarification on Secured loan and borrowing accommodation
April 9, 2012 4 Comments
For your information and guidance, kindly refer to the provisions of item K.1 of Subsection X326.1 of the Manual of Regulations for Banks on the definition of secured loan, borrowing or other credit accommodation, as follows:
Accredited Rural Financial Institutions
April 9, 2012 Leave a Comment
This is to notify all RBs and partners that the BSP has certified four banks, three of which are RBs, as Accredited Rural Financial Institutions in accordance with the Rules and Regulations of RA 10000, otherwise known as the Agri Agra Reform Credit Act of 2009, and BSP Circular 736. With the accreditation, the four banks are provided with the corresponding Certificate of Accreditation bearing an Accreditation Reference Number.
Philippine Star: BSP upgrades rural banks’ role
April 8, 2012 Leave a Comment
Philippine Star — The Bangko Sentral ng Pilipinas (BSP) has given another rural bank the green light to operate as a rural financial institution (RFI), bringing to four the number of small banks that could raise funds for agri-agra lending.
CL 753: Unification of the Statutory/Legal and Liquidity Reserve Requirement
April 4, 2012 Leave a Comment
To all member RBs and partners, please be advised of Circular 753 or the Unification of the Statutory/Legal and Liquidity Reserve Requirement, Non-Remuneration of the Unified Reserve Requirement, Exclusion of Vault Cash and Demand Deposits as Eligible Forms of Reserve Requirement Compliance, and Reduction in the Unified Reserve Requirement Ratios
Call for nominations for the 1st Paeng Microfinance Awards
April 2, 2012 Leave a Comment
On behalf of the Rafael Buenaventura Foundation, we would like to invite all member RBs and partners to support and participate in the first ever Rafael Buenaventura Awards for Outstanding Microfinance Institutions. In partnership with the Bangko Sentral ng Pilipinas, Microenterprise to Banking Services (MABS-USAID), Microfinance Council of the Philippines and PinoyMe Foundation, this prestigious award is in honor of the late BSP Governor Paeng Buenaventura, who believed that microfinance had a positive transformational impact in the fight against poverty.
Call for Proposals: Social Marketing Campaign for Rural Banks and their Low-Income Clients
April 2, 2012 Leave a Comment
Advisory on New Transaction Codes
April 2, 2012 Leave a Comment
To all Compliance Officers
Please be advised that 58 new transaction codes identified by various covered institutions were approved by the undersigned on 15 March 2012, pursuant to an authorization from the AMLC. These additional transaction codes have been incorporated in the AMLC transaction codes library and are available for use by the covered institutions.
RBAP 2012 Election of Officers
March 30, 2012 Leave a Comment
Dear Fellow Rural Banker:
In connection with the forthcoming RBAP 59th Annual Corporate Meeting to be held on May 24, 2012 at the Boracay Regency Beach Resort and Spa, we would like to advise all to download and review the attached files below:
Rang-Ay Bank’s 21st branch is now open for business
March 27, 2012 2 Comments
Rang-Ay Bank's 21st Branch
