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Welcome to the Website of Bangko Pangasinan! |
 Welcome to the Official Web Site of Bangko Pangasinan! Here you can find official official information, announcement, news, pictures, web links and events related to or about your favored Pangasinan Rural Bank. The Pictures Galery serves as a hub of all BP Activities -- a fitting reminder of the worthwhile activities conducted by the Bangko Pangasinan family. As our connection to the world through the internet, I therfore encourage everyone to visit our website regularly as important information will be posted regularly. |
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Comments on BSP’s Reducing Restrictions on Bank Branching in Support to Microfinance Development |
 The rural banking system is ideally situated and structured to evolve into the most sustainable microfinance provider in the Phil countryside. While many NGOs have successfully grown their portfolios and outreach through the years, they remain hampered by the fact that as NGOs, they are not allowed to accept deposits per se, like the rural banks, and therefore are unable to mobilize savings from the public, to channel to the growing needs of the MF sector. External funding from donors is slowly dwindling and costs of borrowings,even from a dynamic govt. agency like the PCFC, is much higher (13% vs. deposit costs of 1.5 - 4%, if internally generated) |
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