“Challenges & Opportunities in Microfinance amidst a New Regulatory Environment” shared with Southern Tagalog Rural Bankers

Following the confederation meeting held for Central Luzon rural banks in February, the Confederation of Southern Tagalog Rural Bankers held their annual conference on March 4-5 at One Tagaytay Place Hotel in Tagaytay City.
Fostering the theme “Managing Change amidst New Regulatory Environment”, RBAP-MABS shared key challenges and opportunities for rural banks offering microfinance services. MABS Chief of Party focused on the recent regulatory changes in micro-agri, housing microfinance and microinsurance regulations issued by the Bangko Sentral ng Pilipinas (BSP). He discussed how these regulatory changes help enable rural banks to offer a broader range microfinance products and services to more clients. He also shared with the audience the significance of BSP’s approval of Globe GXI’s new cash-in and cash-out agent network that will expand the current outlets from 3,000 to more than 18,000 locations across the country, and how rural banks can take advantage of GCASH and the new outlets to expand branchless banking services.

Following the confederation meeting held for Central Luzon rural banks in February, the Confederation of Southern Tagalog Rural Bankers held their annual conference on March 4-5 at One Tagaytay Place Hotel in Tagaytay City.

Fostering the theme “Managing Change amidst New Regulatory Environment”, RBAP-MABS shared key challenges and opportunities for rural banks offering microfinance services. MABS Chief of Party focused on the recent regulatory changes in micro-agri, housing microfinance and microinsurance regulations issued by the Bangko Sentral ng Pilipinas (BSP). He discussed how these regulatory changes help enable rural banks to offer a broader range microfinance products and services to more clients. He also shared with the audience the significance of BSP’s approval of Globe GXI’s new cash-in and cash-out agent network that will expand the current outlets from 3,000 to more than 18,000 locations across the country, and how rural banks can take advantage of GCASH and the new outlets to expand branchless banking services.