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BULLETIN NO. 2017-06
TO :All PDIC Members Rural Banks
SUBJECT :Revised Implementing Guidelines on Consolidation Program for Rural Banks (CPRB)

Consistent with the objectives to encourage mergers and consolidations of rural banks, the CPRB Implementing Guidelines was amended to allow groups composed of less than five proponent banks to avail of the Program's incentives, subject to the following conditions:

1. The Surviving Bank should meet the existing requirements of Risk Based Capital Adequacy Ratio of at least 12% and a combined unimpaired capital of at least P100Mn; and
2. The Countryside Financial Institutions Enhancement Program Technical Committee favorably endorses their application.

Please refer to the attached revised CPRB Implementing Guidelines for eligibility requirements and for guidance on the availment of incentives under the CPRB.

For further inquiries, please contact the Office of the Vice President- Resolution Group at 841-4261 or visit our website at

Revised CPRB Implementing Guidelines

PDIC is a government instrumentality created in
1963 by virtue of Republic Act 3591, as amended,
to insure the deposits of all banks. PDIC exists to
protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability
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