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.
RBAP official pays courtesy call to Senator Marcos
February 1, 2012 2 Comments
Consultation with PDIC
February 1, 2012 Leave a Comment
PDIC President Valentin Araneta with RBAP Directors and Trustees
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.
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 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.
Support for foreign equity in RBs featured in the Philippine Star
January 10, 2012 2 Comments
The rural banking industry is one step closer to realizing the dream of modernizing all RBs, with the the approval of the third and final reading of the house bill allowing up to 40 percent in foreign equity in rural banks. For details on the latest good news, please click the attached Philippine Star link http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=766334 .
Amendments in the types of MI Loans
January 10, 2012 Leave a Comment
This is to notify all concerned rural banks on the amendments to Annex A of Circular Number 694, which now include Microfinance Plus in the types of Microfinance Loans. Under the new Microfinance Plus, borrowers can avail loans from 150,001 to 300,000 pesos on the basis of their cash flow. As mentioned in the circular, borrowers should have a track record of at least two microfinance loan cycles in the 50,000 to 150,000 range demonstrating the success of the business, increased demand for credit and subsequent increased capacity to pay , in order to avail.
RBAP-MABS achievements highlighted in International Study Tour
December 19, 2011 Leave a Comment
Three Senior Officers from the Central Bank of India, State Bank of Pakistan and Central Bank of Sri Lanka recently visited the RBAP – MABS office in Intramuros as part of their study tour organized by the Asia Pacific Rural and Agrcultural Credit Association. Members of RBAP MABS, led by Mr. John Owens, Chief of Party, discussed with the three representatives the microfinance best practices and the various mobile banking services being utilized by member rural banks, as well as the history of rural banking in the Philippines.
Guidelines on the electronic submission of the new Agri Agra Report and updated FRP
December 16, 2011 Leave a Comment
This is to inform everyone of the guidelines on the electronic submission of the report on Compliance with the Mandatory Agri Agra Credit under RA No. 10000 and the updated FRP Report, pursuant to Circular No. 736 and Memorandum Number M-2011-052.
Updates on Misamis Bank, Inc., A Rural Bank
December 12, 2011 3 Comments
Please be informed that the newly formed Misamis Bank Inc, A Rural Bank, a consolidation of RB Tudela and RB Kolambugan, will start operating on the 2nd of January 2012, as per CL 2011-094 issued by the BSP on 6 December 2011. Said consolidation was registered under the SEC on April 19, 2011.
Worldwide updates on RBs’ innovative projects for the unbanked
December 8, 2011 Leave a Comment
Worldwide, a revolutionary transformation is occurring, a “revolution” brought about by vigorous promotion of rural banks to serve the unbanked. For more news on this, we have compiled several stories on Storify for easy reading.
National Banking Week 2012
December 8, 2011 Leave a Comment
In accordance to Proclamation 2250, designating January 1 to 7 as National Banking Week, the Banko Sentral ng Pilipinas is encouraging all banking institutions and their branches to undertake promotional and publicity generating activities such as advertising, window and counter displays, streamers, distribution of give-aways and similar incentives. Likewise, the BSP enjoins all banks to promote the benefits derived from banks and the role they play in strengthening the economy of the country.
