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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 Sentral , Felipe Medalla , Rural Bank Strengthening Program , Monetary Board , Governor Felipe Medalla , Manila The Monetary Board Has Approved Amendments To Minimum Capitalization Of Rural Banks That Would Enable Them Enhance Their Risk Management Systems , Pgrade Resources And Manage Operational Costs , Eet Prudential Standards , Nd Accelerate Digital Transformation This Is Part Of The Initiatives Under Rural Bank Strengthening Program Rbsp , Hich Aims To Enhance The Operations , Nd Competitiveness Of Rural Banks Quot The Revised Minimum Capital Requirements Shall Result In Stronger And Well Capitalized , Nderpinninga Philippine Banking System That Is Stable , Nd Inclusive For Filipinos , Uot Bangko Sentral Ng Pilipinas Bsp Governor Felipe Medalla Said Ina Statement Friday Quot Witha Strengthened Capital Base , Ural Banks Would Be Able To Withstand Adverse Financial Shocks And At The Same Time , Ap Opportunities To Enhance Income Potential , Xpand Banking Operations , 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 , He Tiering Of The New Minimum Capital Requirements For Rural Banks Only Considers These 39 Network Size , S Indicated In The Number Of Branches Including Head Office , Nd No Longer Considers Their Area Of Operations Affected Rural Banks , Ncluding Those Already Authorized By The Monetary Board To Establisha Rural Bank , Hall Be Given Five Years To Comply With The New Minimum Capital Requirements By Referring Available Options Under Rbsp These Include Merger Consolidation , Cquisition Third Party Investment , Oluntary Exit Upgrade Of Banking License , Apital Build Up Program Cbup ,