Updated List of Accredited Rural Financial Institutions for the Purpose of Implementing the Agri-Agra Reform Credit Act of 2009 (RA 10000)
Reference No. DSA-202111-0322_ROD1-CL-ODGFSS DSA-202111-0006 010 CIRCULAR LETTER NO. CL-2022-__ OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR 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 20120201- 07 February Corporation BSP-0002 2012 2. Common Wealth Rural 20121024- 24 October Bank, Inc. (CWRBI) BSP-0009 2012 3. Rural Bank of Angeles, Inc. 20170418- 19 April 2017 BSP-0015 4. New Rural Bank of San 20180226- 27 February Leonardo (N.E.), Inc. BSP-0016 2018 5. First Isabela Cooperative 20181119-BSP- 19 November Bank, Inc. (FICO) 0017 2018 6. Cavite United Rural Bank, 20190211- 12 February Corp. BSP-0019 2019 7. Rang-Ay Bank, Inc. 20190617- 17 June 2019 BSP-0020 8. Rural Bank of Bay, Inc. 20200129- 29 January BSP-0021 2020 9. Rural Bank of Kiamba 20200724- 23 July 2020 (Sarangani), Inc. BSP-0022 FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018
II. RFIs accredited by the ACPC Date of ARFI ARN of ARFI Accreditation 1. Gata Daku Multi- 20160729- 29 July 2016 Purpose DA/ACPC-0900001 Coorperative 2. Tago Agro-Industrial 20160729- 04 August Development DA/ACPC-0900002 2016 Cooperative 3. Lagawe Multi- 20160729-DA/ACPC- 18 August Purpose 0900003 2016 Development Cooperative (LMDC) 4. Lumad sa 20160729-DA/ACPC- 30 August Adgawan Farmers 0900004 2016 Multi-Purpose Cooperative (LAMPUFACO) 5. Tam-An Banaue 20160729-DA/ACPC- 30 August Multi-Purpose 0900005 2016 Cooperative (TAM- AN BMPC) 6. Southern Iloilo Area 20160729-DA/ACPC- 21 September Multi-Purpose 0900006 2016 Cooperative (SIAMPC) 7. Diffun Saranay and 20160729-DA/ACPC- 21 September Development 0900007 2016 Cooperative (DISADECO) 8. Ilocandia Seed 20160729-DA/ACPC- 07 October Growers Multi- 0900008 2016 Purpose Cooperative 9. Roxas Hybrid Seed 20160729-DA/ACPC- 24 October Growers Multi- 0900009 2016 Purpose Cooperative 10. Bukang Liwayway 20160729-DA/ACPC- 24 October Multi-Purpose 0900010 2016 Cooperative 11. Farmers Alternative 20160729-DA/ACPC- 07 November for Self-Reliance 0900011 2016 Multi-Purpose Cooperative (FASRMCO) 12. Sentrong Ugnayan 20160729-DA/ACPC- 25 November ng Mamamayang 0900012 2016 FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018
Pilipino Multi- Purpose Cooperative (SUMAPI-MPC) Date of ARFI ARN of ARFI Accreditation 13. Kaagap 20160729-DA/ACPC- 29 December Development 0900013 2016 Multi-Purpose Cooperative 14. Malapatan Multi- 20170505-DA/ACPC- 05 May 2017 Purpose 0900014 Cooperative 15. Kasibu Farmers 20170619-DA/ACPC- 19 June 2017 Development 0900015 Cooperative 16. Cebu People's 20170619-DA/ACPC- 19 June 2017 Multi-Purpose 0900016 Cooperative 17. Talisay Primary 20170619-DA/ACPC- 19 June 2017 Multi-Purpose 0900017 Cooperative 18. Ang Paglaum 20170717-DA/ACPC- 17 July 2017 Multi-Purpose 0900018 Cooperative 19. Diadi OFW Multi- 20170717-DA/ACPC- 17 July 2017 Purpose 0900019 Cooperative 20. Alima Multipurpose 20170717-DA/ACPC- 17 July 2017 Cooperative 0900020 21. Nararagan Valley 20171106-DA/ACPC- 06 November Multi-Purpose 0900021 2017 Cooperative 22. Nueva Vizcaya 20180302-DA/ACPC- 02 March Farmers And 0900022 2018 Livestock Raisers Multipurpose Cooperative 23. Vizcaya Savings 20180413-DA/ACPC- 13 April 2018 and Credit 0900023 Cooperative 24. Nueva Segovia 20181115-DA/ACPC- 15 November Consortium of 0900024 2018 Cooperatives 25. Rosario Multi- 20190121-DA/ACPC- 21 January Purpose 0900025 2019 Cooperative 26. Pandan Multi- 20190220-DA/ACPC- 20 February Purpose 0900026 2019 Cooperative 27. Basak-Layog 20190710-DA/ACPC- 10 July 2019 Agricultural Multi- 0900027 FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018
Purpose Cooperative 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 regulations, the lending and/or investing bank is required to disclose in its Agri-Agra Report submitted to the BSP its exposure to the accredited RFI along with the corresponding ARN of said RFI, should such lending and/or investing bank intend to utilize its exposure for agri-agra compliance. Such exposure to the accredited RFI shall be eligible for determining compliance with the agri-agra requirement for as long as the said RFI remains accredited. Such accreditation is valid 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 will be allowed to use its exposure to a disaccredited RFI for compliance with the agri-agra requirement only up to the next reporting quarter following the disaccreditation as a grace period. 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 said 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-2021-017 dated 09 February 2021. Digitally signed by Chuchi G. Fonacier Date: 2022.01.28 19:01:12 +08'00' CHUCHI G. FONACIER Deputy Governor 28 January 2022 __ FSS DSA Form No. 05-007 * Version 2 * Updated 03 Oct 2018
More in BSP Circular Letters
- Anti-Money Laundering Council (AMLC) Resolution No. 10-C dated 24 January 2013(BSP Circular Letter No. CL-2013-014)
- Approved Applications for New Banking Offices and Opened Banking Offices During the 1st Quarter of 2016(BSP Circular Letter No. CL-2016-049)
- Voluntary Dissolution and Cancellation of the Authority to Operate as a Non-Stock Savings and Loan Association (NSSLA) of National Historical Institute Savings and Loan Association, Inc.(BSP Circular Letter No. CL-2009-070)
- Approved Applications for New Banking Offices and Opened Banking Offices During the 2nd Quarter of 2022(BSP Circular Letter No. CL-2022-080)
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- Merger of Producers Savings Bank Corporation and Masuwerte Rural Bank of Bacoor (Cavite), Inc.(BSP Circular Letter No. CL-2022-001)
- Lost Bangko Sentral Registration Document (BSRD)(BSP Circular Letter No. CL-2026-020)
- Celebration of Trust Consciousness Week(BSP Circular Letter No. CL-2019-021)
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