Nd Provide Better Credit Facilities And Services Responsive To The Needs Of Their Clients Banking Public Quot Minimum Capital Levels Rural Banks Are Php50 Million For Head Office Only Those With Up Five Branches Php120 Six 10 Php200 More Than Given Liberalization In Branching Regulations Digitalization News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The Monetary Board has approved the amendments to the minimum capitalization of rural banks that would enable them to enhance their risk management systems, upgrade resources and manage operational costs, meet prudential standards, and accelerate digital transformation. This is part of the initiatives under the Rural Bank Strengthening Program (RBSP), which aims to enhance the operations, capacity, and competitiveness of rural banks. "The revised minimum capital requirements shall result in stronger and well-capitalized rural banks, underpinning a Philippine banking system that is stable, sound, resilient, and inclusive for Filipinos," Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said in a statement Friday. "With a strengthened capital base, rural banks would be able to withstand adverse financial shocks and at the same time, tap opportunities to enhance income potential, expand banking operations, and provide better credit facilities and services r

Bangko sentralFelipe medallaRural bank strengthening programMonetary boardGovernor felipe medallaManila the monetary board has approved amendments to minimum capitalization of rural banks that would enable them enhance their risk management systemsPgrade resources and manage operational costsEet prudential standardsNd accelerate digital transformation this is part of the initiatives under rural bank strengthening program rbspHich aims to enhance the operationsNd competitiveness of rural banks quot the revised minimum capital requirements shall result in stronger and well capitalizedNderpinninga philippine banking system that is stableNd inclusive for filipinosUot bangko sentral ng pilipinas bsp governor felipe medalla said ina statement friday quot witha strengthened capital baseUral banks would be able to withstand adverse financial shocks and at the same timeAp opportunities to enhance income potential