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
CL 753: Unification of the Statutory/Legal and Liquidity Reserve Requirement
April 4, 2012 Leave a Comment
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.
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
PAL approved convention fare rate for RBAP
March 27, 2012 Leave a Comment
To all rural bankers interested in joining the the Annual National Convention in Boracay, please be informed of the latest fare rates approved by Philippine Airlines for RBAP members.
19th Microinsurance Basic Training Course on April 24 – 25, 2012
March 27, 2012 Leave a Comment
RBAP-RBRDFI invites you to the 19th Microinsurance Basic Training Course. It will be held on April 24 – 25, 2012 at the RBAP Conference Hall, 2F RBAP Bldg., Intramuros, Manila. This training aims to enhance the capacity of rural banks to serve as effective delivery channels for microinsurance services for the low-income clients. It is also designed to ensure compliance to the following regulations:
Updated: Additional papers on CSTRB Management Course now available
March 27, 2012 Leave a Comment
For those who are keen on securing copies of of Assistant Governor Yuvienco’s and Director Gail Fule’s lectures during the recently concluded Southern Tagalog Management Conference in Ilocos, you may now download their ppts from this site. You may also download from our Slideshare account by just following and clicking RBAPAT54.
Latest modus operandi targeting remittance agents
March 26, 2012 Leave a Comment
This is regarding fraudulent/ illegal scheme perpetrated against remittance centers by means of deceit and/or misrepresentation. Due to the recent illegal act that affected one remittance Center (non-bank), all management and personnel should heed the cautionary directives, stipulated in BSP Circular Letter No. 19. As stated in the circular, the perpetrators seem to be targeting young and inexperienced personnel who are easily cowed by “authoritative” characters.
Philippine Star: RBs to boost consumer, SME lending portfolio
March 26, 2012 Leave a Comment
Philippine Star — The country’s rural banks will be aggressively lending to the consumer and small and medium enterprise (SME) markets this year, a bank official said.
Early bird registration ends March 30
March 23, 2012 Leave a Comment
Authority to open/extend banking operations
March 23, 2012 Leave a Comment
To all authorized BIR Agent Banks, Memorandum 014 of the BSP authorizes said agent banks to render banking services from 9 am to 5 in the afternoon on march 31 and April 14 and; extend banking operations up to 5 pm from April 2 to 15, 2012.
Manila Times: RBAP to take advantage of strong growth forecast in mobile banking
March 22, 2012 Leave a Comment
Manila Times —THE Rural Bankers Association of the Philippines (RBAP) is looking to capitalize on the projection of a strong growth in the mobile banking business this year, driven by the continuous flexibility of carriers to adapt according to market needs.
RBAP President Ian Eric Pama said that rural banks will utilize the advantages of cellular phone-based banking in order to hurdle geographical barriers for the industry.
Philippine Star reports arraignment of former Legacy Executive
March 18, 2012 Leave a Comment
The former executive of the failed Legacy Bank, one of those accused of misappropriating funds of the Rural Bank of Carmen, was finally arraigned in the city of Danao in Cebu after being nabbed in Bohol last month.
RBAP launches SMART Money Accreditation Training Course
March 17, 2012 Leave a Comment
Participants and representatives from RBAP-MABS, RBRDFI and SMART with their E-Wallet cards
