5454thth Charter Anniversary Symposium of RBAP Charter Anniversary Symposium of RBAP

““RBAP President’s Report”RBAP President’s Report”

For 2011-2012For 2011-2012

by by Ian Eric S. PamaIan Eric S. PamaRBAP PresidentRBAP President

LAUNCH OF REGULAR MEETING BETWEEN LAUNCH OF REGULAR MEETING BETWEEN RBAP AND PDICRBAP AND PDIC

The highlight was the formal launch of the regular meeting with The highlight was the formal launch of the regular meeting with the Philippine Deposit Insurance Corporation in February of the Philippine Deposit Insurance Corporation in February of this year. Led by the heads of both PDIC and RBAP and this year. Led by the heads of both PDIC and RBAP and supported by their respective directors, the discussions supported by their respective directors, the discussions centered on programs that will further advance the rural centered on programs that will further advance the rural banking industry such as the Strengthening Programs for banking industry such as the Strengthening Programs for

Rural Banks, SPRB and Investor-Investee helpdesk for rural Rural Banks, SPRB and Investor-Investee helpdesk for rural ..

APPROVAL OF THE FOREIGN EQUITY ACT APPROVAL OF THE FOREIGN EQUITY ACT BY THE LOWER HOUSEBY THE LOWER HOUSE

The quest to finally modify the Rural Banking Act in order to allow the The quest to finally modify the Rural Banking Act in order to allow the fusion of foreign capital into rural banks has finally bore fruit with the fusion of foreign capital into rural banks has finally bore fruit with the approval of the lower house on amending the foreign equity ceilings in approval of the lower house on amending the foreign equity ceilings in rural banks. With the approval in the second and final reading, the rural banks. With the approval in the second and final reading, the bill has now reached the hallowed halls of the upper chamber of the bill has now reached the hallowed halls of the upper chamber of the house, with the likes of Senators Angara, Senator Osmena and house, with the likes of Senators Angara, Senator Osmena and

Senator Marcos supporting the proposalSenator Marcos supporting the proposal

PCIC AND RBAP MOUPCIC AND RBAP MOU In support of the Food Staples Sufficiency Program (FSSP) of the government, the Rural Bankers Association of the Philippines, in partnership with the Philippine Crop Insurance Commission signed a memorandum of agreement, with the objective of helping the farming and fishing communities and, bringing development in the countryside by means of promoting viable insurance products and services that

meets the needs of all stakeholders.

This Council,This Council, is envisioned “is envisioned “to act as an advisory and policy-to act as an advisory and policy-

recommending body that will provide direction to and catalyze the recommending body that will provide direction to and catalyze the channeling of individual and collective remittances for development and channeling of individual and collective remittances for development and as a consultative forum to discuss issues and concerns about as a consultative forum to discuss issues and concerns about

remittances.”remittances.”

PARTICIPATION IN THE NEWLY – FORMED REMITTANCE COUNCIL

Client Mapping Initiative Consortium AgreementClient Mapping Initiative Consortium Agreement

the Client Mapping Consortium”s aim is to determine the level the Client Mapping Consortium”s aim is to determine the level of saturation of outreach of Microfinance Opportunities for of saturation of outreach of Microfinance Opportunities for specific areas, by participating in a voluntary online research specific areas, by participating in a voluntary online research survey and using reports generated using the online survey and using reports generated using the online methodology. Whatever information generated from the methodology. Whatever information generated from the initiative may be used by the MFIs and even wholesalers for initiative may be used by the MFIs and even wholesalers for strategic planning such as avoiding client over-indebtedness, strategic planning such as avoiding client over-indebtedness, branch expansion and the likebranch expansion and the like..

Formation of TWG on DA projectsFormation of TWG on DA projects

This TWG, which was discussed during the February meeting This TWG, which was discussed during the February meeting between RBAP between RBAP

Directors and DA officers, will look into the relevant DA Directors and DA officers, will look into the relevant DA programs that RBs can participate and, study or review the programs that RBs can participate and, study or review the

current AGFP.current AGFP.

Formation of TWG on FRPFormation of TWG on FRP

During the April BSPC meeting, RBAP was able to During the April BSPC meeting, RBAP was able to convince BSP to form a TWG regarding the convince BSP to form a TWG regarding the implementation of the FRP; this is in connection with implementation of the FRP; this is in connection with the high number of RBs being penalized by the BSP for the high number of RBs being penalized by the BSP for either not submitting on time their FRP reports or, either not submitting on time their FRP reports or, submitting erroneous information.submitting erroneous information.

BSP Philpass Remittance SystemBSP Philpass Remittance System

RBAP has been coordinating with the BSP on how the RBAP has been coordinating with the BSP on how the system could be offered to system could be offered to

RBs. It is envisioned that once RBs embrace this RBs. It is envisioned that once RBs embrace this technology, they can then offer a technology, they can then offer a

more competitive pricing, especially when it comes to more competitive pricing, especially when it comes to Remittance Transactions Processing.Remittance Transactions Processing.

Secured TransactionsSecured Transactions

Led by the Department of Finance and International Led by the Department of Finance and International Finance Corporation of the World Bank Group, RBAP, Finance Corporation of the World Bank Group, RBAP, BSP and other relevant financial and non-banking BSP and other relevant financial and non-banking financial institutions were invited to participate in a financial institutions were invited to participate in a series of Technical Working Group meetings, the aim of series of Technical Working Group meetings, the aim of which is to help those without immovable collaterals which is to help those without immovable collaterals gain access to credit from different types of formal gain access to credit from different types of formal lenders. lenders.

DONATION OF 25 THOUSAND FOR THE RESTORATION OF THE BATAD RICE TERACES

Responding to the plea of the proponents to halt the complete destruction of the Batad Terraces, the Rural Bankers Association of the Philippines unanimously approved a resolution during its’ January 20 Joint Meeting with the Rural Bankers Research Development Foundation Inc., donating 25, 000 pesos to help restore the country’s pride back to its original splendor.

Thank You.Thank You.