Guidelines on the Submission of the Report on Microfinance Loans of Banks

MEMORANDUM NO. M-2008-021

To              :  ALL BANKS ENGAGED IN RETAIL MICROFINANCE  OPERATIONS

Subject  :  Guidelines on the Submission of the Report on  Microfinance Loans of Banks

Further to BSP Circular No. 607 dated 30 April 2008 on the Reportorial Requirements of Microfinance Loans of Banks, the following shall be observed relative to the submission of the subject microfinance reports:

The microfinance reporting templates which shall take effect starting the reporting period ending 30 June 2008 can be accessed at http://www.bsp.gov.ph/frp/templates .

The corresponding file structures which shall serve as the banks’ guide in creating their respective data base files in CSV format for the microfinance reports are detailed in Annex A . Enumerated below is the list of prescribed filenames and the frequency of submission of each report for all banks:

Report Title

Filename

Frequency of Submission

Report on Microfinance Loans

MBS.CSV

Monthly

Income Statement on Microfinance Operations

MIS.CSV

Quarterly

Submission deadline is within 15 banking days from the end of reference month/quarter.

The microfinance reports shall be submitted electronically to the following e-mail addresses:

E-mail Address

Type of Reporting Bank

[email protected] Universal/Commercial Banks (U/KBs)

[email protected] Thrift Banks (TBs)

[email protected] Rural/Cooperative Banks (R/CBs)

using the following format for the subject:   “MICRO<bankname>,<reference period>”, e.g.,:

To       : [email protected] cc         : Subject   :  MICRO <bankname>, 30 June 2008

The Control Prooflist ( Annex B ), duly notarized and signed by the authorized official of the reporting bank, shall be sent within the prescribed submission deadline to the Director of the BSP Supervisory Data Center (SDC) via facsimile at (632) 523-3461 or 523-0230.

Banks that are unable to transmit the microfinance reports   electronically can submit said reports in CD together with the aforementioned Control Prooflist through messengerial or postal services within the prescribed deadline to:

The Director Supervisory Data Center (SDC) Bangko Sentral ng Pilipinas 16th Floor, Multi-Storey Building BSP Complex, A. Mabini Street Malate, Manila 1004

The microfinance reporting templates and other relevant attachments are also available upon request at the BSP-SDC through the above-mentioned e-mail addresses and/or postal address.

Late and/or erroneous reporting of the microfinance reports shall be subject to penalties prescribed under Subsection X162.2 of the Manual of Regulations for Banks for Category A-2 report. For compliance.

NESTOR A. ESPENILLA, JR. Deputy Governor