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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.
Article on cooperation between DA and Rural Bankers on Phil Star
January 30, 2012 Leave a Comment
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.
2012 Annual Management Conference of Southern Tagalog Confederation
January 27, 2012 Leave a Comment
This to to notify all concerned Rural Bankers in the Southern Tagalog area of the upcoming Annual Management Conference, which will be held in Paoay at the Plaza del Norte Hotel and Convention Center from March 1-2, 2012. This year’s conference theme is ”Overcoming the Challenges.” Special guests include Congresswoman Imee Marcos and Ma. Dolores Yuvienco, Assistant Governor of the BSP.
2012 Visayas Management Course in Cebu City
January 27, 2012 Leave a Comment
This is to notify all rural banks in the Visayas that the upcoming Management Course will be held from March 15 to 16 at the Waterfront Hotel in Lahug Cebu City. “Good Governance: a continuing challenge for rural banks” is this year’s conference theme.
Deposits up in Q3 2011
January 27, 2012 Leave a Comment
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.
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.
AMCLS reports on suspicious transactions
January 24, 2012 Leave a Comment
Please be informed of the latest circular of the Anti-Money Laundering Council, pursuant to Resolution No. 120 dated 18 October 2011. As stipulated in the resolution, all covered banking and financial institutions are required to submit reports on any suspicious transactions involving Egyptian officials from he former government of Hosni Mubarak.
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:
Revised reportorial requirements on Microfinance operations
January 16, 2012 Leave a Comment
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.
