MB OKs rural banks' capital requirement

By Philippine News Agency

Sep 06, 2022 12:16 am

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.

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