Rural bankers to leap from microfinance best practices to next practices

Amando Tetangco Jr.The USAID-supported RBAP-MABS program presented the NEXT microfinance practices to its partner rural banks and service providers at the 2010 RBAP-MABS National Roundtable Conference held on June 2-3 at the Hyatt Hotel and Casino in Manila.

Over 140 rural bankers, service providers, key microfinance partners and distinguished guests participated in the conference. Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. delivered the keynote speech, where he expressed the BSP’s support to the continuous growth of the Philippine microfinance industry. Fostering the theme “From Best Practice to Next Practice”, the roundtable conference included topics on trends and challenges in microfinance for this decade, transparency and consumer protection, social performance monitoring, microinsurance, housing microfinance, technological trends for improved efficiency and customer service, and marketing in a competitive environment. MABS participating banks were also given an annual analysis of their microfinance performance based on MABS’ EAGLE (Efficiency, Asset Quality, Growth, Liability Structure, and Earnings) criteria, as well as an update from the MIX Market.

On the night of June 2, MABS held its annual Awards Night, giving recognition to its key partners, particularly the top performers in: Agricultural Microfinance, Mobile Phone Banking, Housing Microfinance, Ratings, and Consumer Protection and Transparency. RBAP-MABS also awarded recognition to its insurance partners and to the newly accredited MABS service provider, Microfinance Innovations Center for Resources and Alternatives (MICRA Philippines).