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 www.pdic.gov.ph.