The present poverty situation in the Philippines has given rural financing a new dimension, concretizing the significant role of rural banks in countryside development 5 Toward this end, we have  3  Target is first quarter of 2006  4  A proposal is currently under study for approval of the Monetary Board.
Upon approval, this will initially allow U/KBs to dispose their Real and Other Properties Owned or Acquired (ROPOA)s to various JVAs with real estate developers. At present, ROPOA still accounts to 46.0 percent of the banking system’s overall level of NPAs.