Before the previous year ended, the Bangko Sentral ng Pilipinas (BSP) announced yet again another extension of the Strengthening Program for Rural Banks (SPRB) Plus. The project, supposedly set to lapse last year, will now run until the end of December 2015.
The SPRB Plus is an enhanced version of the program launched by the BSP and the Philippine Deposit Insurance Corporation back in 2010 encouraging mergers and consolidations among small banks, as well as acquisition by third party investors.
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