The Philippine Deposit Insurance Corporation (PDIC) and Bangko Sentral ng Pilipinas (BSP)
amended the Strengthening Program for Rural Banks (SPRB) – Module 1 framework. The
program as amended is termed as Strengthening Program for Rural Banks Plus or “SPRB
Plus.”
The SPRB Plus is now extended to: (i) rural banks (RBs) and thrift banks (TBS) as Eligible
Banks (EBs), and: (ii) rural, thrift, universal and commercial banks, non-bank corporations
and group of companies as Eligible Strategic Third Party Investors (STPIs).
The SPRB Plus aims to strengthen RBs and TBs serving the countryside and low income
sector, through the grant of financial assistance (FA) by the PDIC and branching and
other incentives by the BSP to banks which will qualify under the program.
Eligible STPIs merging, consolidating or acquiring EBs, pursuant to the SPRB Plus
Implementing Guidelines (“Guidelines”) may be considered under the program.
To apply under the SPRB Plus, the Eligible STPI and the EB should submit a joint letter,
separately addressed to PDIC and BSP accompanied by the following:
Duly accomplished application form (SPRB Plus Form No. 1);
Request for FA from PDIC in accordance with the attached Guidelines);
Request for incentives from the BSP in accordance with the Guidelines on the
Grant of Additional Incentives under the SPRB Plus, attached as Annex “A”; and
Documentary requirements as listed in Annex “B”.
In relation to the SPRB Plus, we reiterate PDIC’s Investor-Investee Helpdesk, a facility for
investors (banks or non-bank financial institutions) looking for banks to acquire, merge or
consolidate with, or invest in (Please see PDIC Bulletin No. 2010-01 dated 6 January 2010).
Through the Investor-Investee Helpdesk, investors may be introduced to banks looking for
acquirers/investors. Interested investors or investees may apply and avail this service in
accordance with the attached Helpdesk Guidelines.
Applications under the SPRB Plus and/or Investor-Investee Helpdesk may be sent to:
The SPRB Lane (for SPRP Plus), or
The Department Manager – Bank Statistics Department (for Helpdesk)
Philippine Deposit Insurance Corporation
7th Floor, PDIC Ayala Extension Office
SSS Bldg., 6782 Ayala Ave., corner V.A. Rufino St.
1226 Makati City
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For further inquiries, please contact the SPRB Lane at 813-3673 and/or Investor-Investee
Helpdesk at 841-4370 or visit our website at www.pdic.gov.ph.
We look forward to your active support and participation in these programs.
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VALENTIN A. ARANETA
President
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14 August 2012
Attachments:
SPRB Plus Implementing Guidelines, including
Annexes A,
A1 &
B
Strengthening Program for Rural Bank (SPRB) Plus Application Form 1
PDIC Investor-Investee Helpdesk Implementing Guidelines
Investee Bank Registration Form
Investor Registration Form
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