BSP Circular Letters BSP Circular Letter No. CL-2022-033BSP Circular Letter No. CL-2022-033 2022-04-07T00:00:00.000+08:00

Updated List of Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 (RA 10000)

Reference No. DSA-202203-0296_ROD1-CL-ODGFSS DSA-202203-0021 CIRCULAR LETTER NO. CL-2022-__ 033 OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR To : All Banks Subject : Updated List of Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 (RA 10000) Relative to the implementation of the Republic Act (RA) No. 10000 (The Agri-Agra Reform Credit Act of 2009) and in accordance with its Implementing Rules and Regulations, the following are the Rural Financial Institutions (RFIs) accredited by the Bangko Sentral ng Pilipinas (BSP) and the Agricultural Credit Policy Council (ACPC) and thereby issued with the corresponding Certificate of Accreditation (CA) bearing an Accreditation Reference Number (ARN) unique to the accredited RFI: I. RFIs accredited by the BSP Date of ARFI ARN of ARFI Accreditation 1. Producers Savings Bank 20120201-BSP-0002 07 February 2012 Corporation 2. Common Wealth Rural 20121024-BSP-0009 24 October 2012 Bank, Inc. 3. Rural Bank of 20170418-BSP-0015 19 April 2017 Angeles, Inc. 4. New Rural Bank of 20180226-BSP-0016 27 February 2018 San Leonardo (N.E.), Inc. 5. First Isabela 20181119-BSP-0017 19 November 2018 Cooperative Bank, Inc. 6. Cavite United Rural 20190211-BSP-0019 12 February 2019 Bank, Corp. 7. Rang-Ay Bank, Inc. 20190617-BSP-0020 17 June 2019 8. Rural Bank of Bay, Inc. 20200129-BSP-0021 29 January 2020 9. Rural Bank of Kiamba 20200724-BSP-0022 23 July 2020 (Sarangani), Inc. 10. Rural Bank of Solano 20220223-BSP-0023 03 March 2022 (Nueva Vizcaya), Inc. FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018

II. RFIs accredited by the ACPC Date of ARFI ARN of ARFI Accreditation 1. Gata Daku Multi- 20160729-DA/ 29 July 2016 Purpose Coorperative ACPC-0900001 2. Tago Agro-Industrial 20160729-DA/ 04 August 2016 Development ACPC-0900002 Cooperative (TAGINDECO) 3. Lagawe Multi-Purpose 20160729-DA/ 18 August 2016 Development ACPC-0900003 Cooperative (LMDC) 4. Lumad sa Adgawan 20160729-DA/ 30 August 2016 Farmers Multi-Purpose ACPC-0900004 Cooperative (LAMPUFACO) 5. Tam-An Banaue Multi- 20160729-DA/ 30 August 2016 Purpose Cooperative ACPC-0900005 (TAM-AN BMPC) 6. Southern Iloilo Area 20160729-DA/ 21 September 2016 Multi-Purpose ACPC-0900006 Cooperative (SIAMPC) 7. Diffun Saranay and 20160729-DA/ 21 September 2016 Development ACPC-0900007 Cooperative (DISADECO) 8. Ilocandia Seed 20160729-DA/ 07 October 2016 Growers Multi-Purpose ACPC-0900008 Cooperative 9. Roxas Hybrid Seed 20160729-DA/ 24 October 2016 Growers Multi-Purpose ACPC-0900009 Cooperative 10. Bukang Liwayway 20160729-DA/ 24 October 2016 Multi-Purpose ACPC-0900010 Cooperative 11. Farmers Alternative for 20160729-DA/ 07 November 2016 Self-Reliance Multi- ACPC-0900011 Purpose Cooperative (FASRMCO) 12. Sentrong Ugnayan ng 20160729-DA/ 25 November 2016 Mamamayang Pilipino ACPC-0900012 Multi-Purpose Cooperative (SUMAPI-MPC) 13. Kaagap Development 20160729-DA/ 29 December 2016 Multi-Purpose ACPC-0900013 Cooperative (KAAGAPMUCO) FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018

Date of ARFI ARN of ARFI Accreditation 14. Malapatan Multi- 20170505-DA/ 05 May 2017 Purpose Cooperative ACPC-0900014 15. Kasibu Farmers 20170619-DA/ 19 June 2017 Development ACPC-0900015 Cooperative 16. Cebu People's Multi- 20170619-DA/ 19 June 2017 Purpose Cooperative ACPC-0900016 17. Talisay Primary Multi- 20170619-DA/ 19 June 2017 Purpose Cooperative ACPC-0900017 18. Ang Paglaum Multi- 20170717-DA/ 17 July 2017 Purpose Cooperative ACPC-0900018 19. Diadi OFW Multi- 20170717-DA/ 17 July 2017 Purpose Cooperative ACPC-0900019 20. Alima Multipurpose 20170717-DA/ 17 July 2017 Cooperative ACPC-0900020 21. Nararagan Valley Multi- 20171106-DA/ 06 November 2017 Purpose Cooperative ACPC-0900021 22. Nueva Vizcaya Farmers 20180302-DA/ 02 March 2018 And Livestock Raisers ACPC-0900022 Multipurpose Cooperative 23. Vizcaya Savings and 20180413-DA/ 13 April 2018 Credit Cooperative ACPC-0900023 24. Nueva Segovia 20181115-DA/ 15 November 2018 Consortium of ACPC-0900024 Cooperatives 25. Rosario Multi-Purpose 20190121-DA/ 21 January 2019 Cooperative ACPC-0900025 26. Pandan Multi-Purpose 20190220-DA/ 20 February 2019 Cooperative ACPC-0900026 27. Basak-Layog 20190710-DA/ 10 July 2019 Agricultural Multi- ACPC-0900027 Purpose Cooperative THE ACCREDITATION DOES NOT SERVE AS AN ENDORSEMENT OF THE BSP OF THE SOUNDNESS OF THE ABOVE LISTED FINANCIAL INSTITUTIONS. The accreditation cannot be used for any purpose other than for implementing the provisions of the Agri-Agra Reform Credit Act of 2009 and its related rules and regulations. Under existing regulations, the lending and/or investing bank is required to disclose in its Agri-Agra Report submitted to the BSP its exposure to the accredited RFI along with the corresponding ARN of said RFI, should such lending and/or investing bank intend to utilize its exposure for agri-agra compliance. Such exposure to the accredited RFI shall be eligible for determining compliance with the agri-agra requirement for as long as the said RFI remains accredited. The accreditation is valid until sooner revoked for non-renewal or non- compliance with the qualification requirements prescribed under FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018

existing rules and regulations. In the event of disaccreditation, the lending/investing bank will be allowed to use its exposure to a disaccredited RFI for compliance with the agri-agra requirement only up to the next reporting quarter following the disaccreditation as a grace period. The Agri-Agra Report of the lending/investing bank shall be deemed defective if a disaccredited RFI is declared and used for compliance with the agri-agra requirement beyond the said grace period. Hence, the above list of accredited RFIs and their corresponding ARNs are being issued for reference and guidance of lending and/or investing banks. The above updated list of RFIs accredited by the BSP and ACPC supersedes those listed under Circular Letter No. CL-2022-010 dated 28 January 2022. Digitally signed by Chuchi G. Fonacier Date: 2022.04.07 09:23:41 +08'00' CHUCHI G. FONACIER Deputy Governor __ 7 April 2022 FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018

Open the source record ↗

More in BSP Circular Letters

Want an analysis of this document?

Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.