Updated List of Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 (RA 10000)
OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR 017 CIRCULAR LETTER NO. CL-2021-___ 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 Corporation 20120201-BSP-0002 07 February 2012 2. Common Wealth Rural Bank, Inc. 20121024-BSP-0009 24 October 2012 3. Rural Bank of Angeles, Inc. 20170418-BSP-0015 19 April 2017 4. New Rural Bank of San Leonardo (Nueva 20180226-BSP-0016 27 February 2018 Ecija), Inc. 5. First Isabela Cooperative Bank, Inc. 20181119-BSP-0017 19 November 2018 (FICOBANK) 6. Rural Bank of San Mateo (Isabela), Inc. 20181120-BSP-0018 20 November 2018 7. Cavite United Rural Bank, Corp. 20190211-BSP-0019 12 February 2019 8. Rang-Ay Bank, Inc. (A Rural Bank) 20190617-BSP-0020 17 June 2019 9. Rural Bank of Bay, Inc. 20200129-BSP-0021 29 January 2020 10. Rural Bank of Kiamba (Sarangani), Inc. 20200724-BSP-0022 23 July 2020 II. RFIs accredited by the ACPC Date of ARFI ARN of ARFI Accreditation 1. Gata Daku Multi-Purpose 20160729-DA/ACPC-0900001 29 July 2016 Cooperative 2. Tago Agro-Industrial 20160729-DA/ACPC-0900002 04 August 2016 Development Cooperative 3. Lagawe Multi-Purpose 20160729-DA/ACPC-0900003 18 August 2016 Development Cooperative (LMDC) 4. Lumad sa Adgawan Farmers 20160729-DA/ACPC-0900004 30 August 2016 Multi-Purpose Cooperative (LAMPUFACO) 5. Tam-An Banaue Multi-Purpose 20160729-DA/ACPC-0900005 30 August 2016 Cooperative (TAM-AN BMPC) 6. Southern Iloilo Area Multi- 20160729-DA/ACPC-0900006 21 September 2016 Purpose Cooperative (SIAMPC) FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018 File Ref. No. DSA-202011-007_ROD1-M-ODGFSS* Page 1 of 3
ARFI ARN of ARFI Date of Accreditation 7. Diffun Saranay and 20160729-DA/ACPC-0900007 21 September 2016 Development Cooperative (DISADECO) 8. Ilocandia Seed Growers Multi- 20160729-DA/ACPC-0900008 07 October 2016 Purpose Cooperative 9. Roxas Hybrid Seed Growers 20160729-DA/ACPC-0900009 24 October 2016 Multi-Purpose Cooperative 10. Bukang Liwayway Multi-Purpose 20160729-DA/ACPC-0900010 24 October 2016 Cooperative 11. Farmers Alternative for Self- Reliance Multi-Purpose 20160729-DA/ACPC-0900011 07 November 2016 Cooperative (FASRMCO) 12. Sentrong Ugnayan ng Mamamayang Pilipino Multi- 20160729-DA/ACPC-0900012 25 November 2016 Purpose Cooperative (SUMAPI- MPC) 13. Kaagap Development Multi- 20160729-DA/ACPC-0900013 29 December 2016 Purpose Cooperative 14. Malapatan Multi-Purpose 20170505-DA/ACPC-0900014 05 May 2017 Cooperative 15. Kasibu Farmers Development 20170619-DA/ACPC-0900015 19 June 2017 Cooperative 16. Cebu People's Multi-Purpose 20170619-DA/ACPC-0900016 19 June 2017 Cooperative 17. Talisay Primary Multi-Purpose 20170619-DA/ACPC-0900017 19 June 2017 Cooperative 18. Ang Paglaum Multi-Purpose 20170717-DA/ACPC-0900018 17 July 2017 Cooperative 19. Diadi OFW Multi-Purpose 20170717-DA/ACPC-0900019 17 July 2017 Cooperative 20. Alima Multipurpose 20170717-DA/ACPC-0900020 17 July 2017 Cooperative 21. Nararagan Valley Multi-Purpose 20171106-DA/ACPC-0900021 06 November 2017 Cooperative 22. Nueva Vizcaya Farmers And 20180302-DA/ACPC-0900022 02 March 2018 Livestock Raisers Multipurpose Cooperative 23. Vizcaya Savings and Credit 20180413-DA/ACPC-0900023 13 April 2018 Cooperative 24. Nueva Segovia Consortium of 20181115-DA/ACPC-0900024 15 November 2018 Cooperatives 25. Rosario Multi-Purpose 20190121-DA/ACPC-0900025 21 January 2019 Cooperative 26. Pandan Multi-Purpose 20190220-DA/ACPC-0900026 20 February 2019 Cooperative 27. Basak-Layog Agricultural Multi 20190710-DA/ACPC-0900027 10 July 2019 Purpose Cooperative FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018 File Ref. No. DSA-202011-007_ROD1-M-ODGFSS* Page 2 of 3
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 rules and regulations, a lending and/or investing bank intending to utilize its exposure to an accredited RFI to comply with the agri-agra report must disclose such exposure in its agri-agra report submitted to the BSP along with the RFI’s corresponding ARN. Exposure to the accredited RFI shall be eligible for determining compliance with the agri-agra requirement for as long as the said RFI remains validly accredited until sooner revoked for non-renewal or non-compliance with the qualification requirements prescribed under existing rules and regulations. In the event of disaccreditation, the lending/investing bank is allowed to use its exposure to a disaccredited RFI for compliance with the agri-agra requirement for a grace period of only up to the next reporting quarter following the disaccreditation. 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 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-2020-011 dated 26 February 2020. Digitally signed by Chuchi G. Fonacier Date: 2021.02.09 10:33:01 +08'00' CHUCHI G. FONACIER Deputy Governor 09 February 2021 FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018 File Ref. No. DSA-202011-007_ROD1-M-ODGFSS* Page 3 of 3
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