IGP directed AIG Establishment to furnish a final working paper with regard to formulation of a comprehensive recruitment policy/ Establishment of SPRB
within 15 days so that the same may be sent to Provincial Government for necessary approval/issuance of notification.
is in keeping with with the BSP and PDIC s push for mergers and consolidations among rural banks to further strengthen the rural banking sector.
After a suitable period of cogitation SPRB
chairman Lord Donoughue emerged as mediator between the operators and representatives of the Federation of Racecourse Bookmakers.
On its fifth year now, the SPRB
Plus has undergone several revisions but the core principles are still intact.
Under the SPRB
Plus, rural, thrift, universal and commercial banks, as well as non-bank corporations that qualify as strategic third party investors or so-called "white knights" may be granted financial assistance for the acquisition of thrift or rural banks.
In another memo, the BSP amended the SPRB
Plus and extended the program until December 31 this year.
The SPRB-Plus package is an enhanced version of the original SPRB
that was introduced in 2010.
The Bangko Sentral ng Pilipinas (BSP) announced this week the year-long extension of incentives under the Strengthening Program for Rural Banks (SPRB
)-Plus, which originally lapsed at the end of last year.
said the Monetary Board is scheduled to take up the postponement of the Strengthening Program for Rural Banks (SPRB
)-Plus expiration this week.
Under the Strengthening Program for Rural Banks Plus (SPRB
Plus), the BSP and PDIC offer incentives such as loans and equity contributions so that the buying banks will be able to rehabilitate more easily the troubled lenders that are being acquired.