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French Development Agency (AFD website) Thanks to the French Development Agency (AFD) for providing the Rural Bankers Association of the Philippines (RBAP) with an €800,000 (around P47.9 million) grant facility aimed to support the digital transformation of inclusive financial institutions, starting with rural banks. In a statement released Friday, the Embassy of France in the Philippines cited the significant roles played by rural banks in promoting inclusivity in markets underserved by traditional commercial banks. To remain competitive, it said rural banks must modernize and adapt from manual to digitized processes to increase efficiency, reduce costs, and better serve their markets. AFD Country Director in the Philippines Laurent Klein said he is pleased with the partnership they signed last July 9 with the RBAP noting that rural banks remain in a unique position to extend the reach of financial services in rural areas due to its wide range of diversity in size and activity

The philippinesLaurent kleinElizabeth carlos timbolInclusive finance development programRural bankers association of the philippinesEmbassy of franceFrench development agencyDevelopment agencyRural bankers associationPhilippines laurent kleinAmbassador michதி பிலிப்பைன்ஸ்பரிசு பெற்றவர் க்ளீன்உள்ளடக்கியது நிதி வளர்ச்சி ப்ரோக்ர்யாம்கிராமப்புற வங்கியாளர்கள் சங்கம் ஆஃப் தி பிலிப்பைன்ஸ்தூதரகம் ஆஃப் பிரான்ஸ்