Tan said the extended CPRB
will run from October 26, 2017 until October 26, 2019.
said earlier, in announcing the CPRB
, the P25-million fund is an additional support on top of the existing P5-billion Strengthening Program for Rural Banks Plus.
While the clearinghouse has brought attention to the GLC, the GLC's work with the Albany CPRB
has also served as a statewide resource for municipalities that are considering establishing a citizen oversight body or that are reinventing an existing model in their communities.
The BSP, PDIC and Landbank jointly shepherded the implementation of the CPRB
'The Philippine Deposit Insurance Corp., the Land Bank of the Philippines and the Bangko Sentral ng Pilipinas are already exploring the possible extension of the CPRB
, as the program's expiry is on Aug.
The PDIC earlier said two groups of 10 rural banks have been eyeing to merge under the CPRB
aims to improve financial strength, enhance viability and generate better return to shareholders; strengthen management and governance; generate synergies and economies of scale through common infrastructure, systems and resources; as well as expand the market reach of rural banks.
The BSP, the PDIC and the Land Bank of the Philippines have been urging consolidations and mergers among rural banks under the Consolidation Program for Rural Banks (CPRB
said several deals are under preparation under the Consolidation Program for Rural Banks (CPRB
), although there were no official applications yet.
The government would continue to provide incentives under the Consolidation Program for Rural Banks (CPRB
) to encourage mergers and consolidations among small banks, particularly rural banks, to further strengthen and enhance the viability of the banking system.
So far, there was not one deal officially applied under the Consolidation Program for Rural Banks (CPRB
), Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor A.