Rural Bank Redux
Posted by netizen on October 26, 2009 · Leave a Comment
On the anniversary of one of the most unnerving domestic financial scandals in recent times, while no real cures have yet been developed to address systemic ills plaguing the Philippine rural bank industry, here we attempt a few.
When controversy hit the Legacy series of rural banks last year the issues initially centered on capital adequacy. As of the fourth quarter of 2008, nothing was yet definitive from its yearly audits save for undercapitalization based on new requisites imposed on rural banks....
Source: Filipino Voices
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