TO: CONFED/FEDERATION PRESIDENTS
FROM: VICENTE R. MENDOZA, Executive Director
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.
Rectified link for IT Profile Template
March 6, 2012 Leave a Comment
For those rural banks that have been attempting to access the sample template from the BSP website, please use the following link, as specified in the corrected Memorandum 011. http://www.bsp.gov.ph/frp/templates
Amendments on risk weighting of bank loans guaranteed by AGFP
March 2, 2012 1 Comment
Circular 750 of the Bangko Sentral ng Pilipinas hereby states the amendments on certain provisions of the MORB on the risk weighting of bank loans to the extent guaranteed by the Agricultural Guarantee Fund Pool, in accordance with the Resolution 276 of the Monetary Board.
Guidelines in Strengthening Corporate Governance
March 1, 2012 Leave a Comment
To all rural bankers, pleased be informed of the recently issued Circular 749 or the approved Guidelines in Strengthening Corporate Governance in BSP supervised Financial Institutions. Pursuant to Resolutions 111 and 227 of the Monetary Board, the 29-page circular stipulates the amendments on the Manual of Regulations for Banks under Subsections X141, X142, X174 to x177.
Guidelines on submission of IT Profile Report
February 23, 2012 4 Comments
This is to notify all rural bankers of the required accomplishment and submission of IT Profile Report, for the creation of a baseline IT information and, risk profile the complexity of IT operations based on technology related products.
3rd Update on RBAP CL: Annual National Convention and Corporate Meeting at Boracay Regency Beach Resort
February 22, 2012 4 Comments
The Rural Bankers Association of the Philippines is delighted to announce that it will be holding the 59th Annual National Convention and Corporate Meeting at the Boracay Regency Beach Resort and Spa in the world-renowned island of Boracay from May 24-25, with the theme “Aiming high: charting a clear path for vibrant rural banking future”.
Memorandum No. 9 on Expiring Corporate Terms
February 20, 2012 Leave a Comment
To all rural bankers, please take note of the reminders/ notifications stipulated in BSP Memo No. 9, explaining the necessity of timely initiating the extension of corporate terms.
Amendments on the provision of Micro-Agri Loans
February 20, 2012 Leave a Comment
All member rural banks are hereby notified of the amendments on the provisions of Micro Agri Loans, as stipulated in the recently issued BSP circular. The modifications are under subsection X361.7 of the MORB.
BAIPHIL Trading and Development Week
February 7, 2012 Leave a Comment
The Bangko Sentral ng Pilipinas is calling all banks to support the Bankers Institute of the Philippines’ Trading and Development Week, from March 12-17. This week long celebration is deemed significant as banks “shall recognize the importance of continuous productivity enhancement “.
Revised compliance framework for all banks
February 7, 2012 2 Comments
The BSP has just released Circular 747, amending the entirety of Section X180 of the Compliance System under the Manual of Regulations for Banks. These revisions were approved by the Monetary Board in its resolution signed on the 20th of January 20, 2012.
Amendments on exemptions granted to small and micro-enterprises
February 6, 2012 Leave a Comment
This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises. As stipulated:
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.
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.
