BSP – ACPC Countryside Bank Survey
- May 27, 2023
Last April 11, 2023, Rang-ay Bank Area Manager for South Branches Joey B. Dingle attended the Launching of the 2021 Countryside Bank Survey: A Baseline Report with Banking Institutions and Industry Associations at the BSP Regional Office in Loakan Road, Baguio City.
The CBS baseline survey conducted by the Agricultural Credit Policy Council (ACPC) and Bangko Sentral ng Pilipinas (BSP) aims to analyze trends and present emerging policy issues on bank behavior towards lending to the agricultural sector. Branch level data was used specifically the banking units’ agricultural lending experience in 2021 vis-a-vis 2020. The key findings of the survey aims to solicit recommendations that will help bring in better programs
and policies to improve the compliance of banks to the 2022 Agriculture/Agrarian Reform Loan Quota Law. Twenty-five (25) percent of banks loans must serve the agricultural sector, to improve the credit accessibility of farmers.
Rang-ay Bank actively finances Agri-Businesses such as rice-millers, vegetable haulers, contract growers, warehouse operators, agri-suppliers, and bamboo growers all over the region. Agri-entrepreneurs may apply for start-up capital, additional working capital, or expansion of existing agri-business. The bank also provides collateral-free farmer’s loans to small-scale cultivators, farmers, tenants, or leaseholders. The program also covers backyard or cottage poultry projects such as livestock and fishery projects, planting of rice, corn, vegetables, and other food crops.
