The Leyte, Samar and Biliran Federation of Rural Bankers will hold its annual Managment Conference on March 14-15, 2013.
The Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services (RBAP-MABS) Program, which the United States Agency for International Development (USAID) supported from 1998 to September 2012, has transitioned into RBAP’s FINANCIAL INCLUSION Program (FIP). RBAP’s technical arm, Rural Bankers Research and development Foundation (RBRDFI), is leading the implementation of FIP. Hoping to reach out to RBAP’s broader membership base, the Program aims to continue promoting good practices and principles in microfinance through training and various fora. A program of training will continue to be offered on topics like micro insurance, basic training for loan officers, delinquency management, training for supervisors, mobile phone banking, and more.
otal outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, expanded in October at a faster pace of 15.8 percent relative to the growth of 13.5 percent in September. Bank lending inclusive of RRPs grew by 14.2 percent, the same rate as in the previous month. Commercial bank loans have been growing at double-digit rates since January 2011. On a month-on-month seasonally-adjusted basis, commercial bank lending in October increased by 2.1 percent for loans net of RRPs and by 1.6 percent for loans inclusive of RRPs.
Consumer sentiment improved in Q4 2012 as the overall confidence index (CI) climbed to -10.4 percent in Q4 2012 from -13.3 percent in Q3 2012. This is the second highest reading since the nationwide survey started in Q1 2007. The CI is computed as the percentage of households that answered in the affirmative less the percentage of households that answered in the negative with respect to their views on a given indicator. The higher (but still negative) CI in Q4 2012 means that the number of households with an optimistic outlook increased but they continued to be outnumbered by those who think otherwise. Respondents cited the following factors for their improved sentiment: (a) more jobs as a result of more working family members, (b) additional income and higher salary, (c) increasing investment inflows, (d) improvements in infrastructure and (e) better governance.
The Bangko Sentral ng Pilipinas signed a circular to ” Amendment of Subsection X268.3 of the Manual of Regulations for Banks (MORB) to include a provision on the grant of temporary rediscounting lines to newly merged or consolidated banks”.
The Rural Bankers Association of the Philippines(RBAP), through the Rural Bankers Research and Development Foundation Inc.(RBRDFI), held the first corporate governance seminar last Dec 13 and 14 at the RBAP Building in Intramuros, Manila.
As the economy continue to enjoy its resiliency from external trumoils, the Rural Bankers Association of the Philippines also acknowledged the fact that this relaxed atmosphere will also come to an end. Thus , RBAP through its training arm the Rural Bankers Research & Development Foundation, Inc. is continuously offering the Strengthening Bank Credit Risk Management training. The training provides credit-awareness – as a key to financial strength and sustainability, along with an aim to protect member banks of future endeavors and help them identify means to bump off risks.
The Rural Bankers Association of the Philippines celebrated its 55th Charter Anniversary Symposium at Fiesta Pavilion Manila Hotel last November 19 and 20.
The Rural Bankers Association of the Philippines will be celebrating its 55th Charter Anniversary Symposium on November 19-20, 2012 at the Fiesta Pavilion, Manila Hotel.
The Bangko Sentral ng Pilipinas is granting regulatory relief measures to banks to enable them to similarly assist and ease the financial burden of bank customers adversely affected by Typhoon “Gener” which devastated several parts of the country last 28 July to 2 August 2012. Eligible for the relief measures are those in the following areas identified by the National Disaster Risk Reduction and Management Council on 20 September 2012: [Read more...]
The Bangko Sentral ng Pilipinas (BSP) is reminding travellers to/from the Philippines (both residents and non-residents) that under Section 4 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual) issued by the Bangko Sentral, a person may without prior BSP approval, bring into, import or electronically transfer legal tender Philippine notes and coins, checks, money order and other bills of exchange drawn in pesos against banks operating in the Philippines in an amount not exceeding PHP10,000.00. Any excess amount not covered by specific written authorization from BSP is subject to confiscation by the Bureau of Customs (BOC).
The country’s rural banks were able to lend to over 970,000 new borrowers, disbursed a total of P42 billion, and opened nearly 900,000 new micro deposit accounts under the Microenterprise Access to Banking Services (MABS), an organization funded by the U.S. Agency for International Development (USAID).
Rural Bankers Association Philippines 55th Charter Anniversary November 19-20,2012 at the Manila Hotel.