NRT 2011 May 23-24, 2011 Manila Session 5: A Fresh Perspective on Mobilizing Micro-deposits Regulator's Perspective By: Mr. Gerardo Butardo, Deputy Director of the MSME Finance Specialist Group of the Bangko Sentral ng Pilipinas (BSP) Supervision and Examination Sector

2. MICRO‐DEPOSITS
REGULATOR’S PERSPECTIVE: BENEFITS &
CHALLENGES
GERARDO A. BUTARDO
Deputy Director
MSME Finance Specialist Group
Supervision and Examination Sector

3. Presenta?on Outline
• Micro‐deposits Defined
• Benefits of Micro‐deposits
• Challenges

4. Micro‐deposits Defined
• Circular 694 (Appendix 45, MORB)
– savings deposits that cater to the needs of the
basic sectors, low‐income clients and those that
are unserved or underserved by the financial
system
– appropriately designed and priced

5. Micro‐deposits Defined
• General Features
– Minimum opening and maintaining balance of
P100
– Dormancy Charges – not applicable
– Average daily savings account balance of P15,000

6. Benefits of Micro‐deposits
• Allowed to be transacted at Micro‐Banking Office
• Not limited to micro‐borrowers
• Poten?al to reach unbanked popula?on
• Micro‐depositors as microinsurance clients

7. Challenges
• Cas?ng the net
• Designing micro‐deposit products that fit the needs
of target clients
• Delivering the product

8. THANK YOU
www.bsp.gov.ph
gbutardo@bsp.gov.ph