Data Privacy Statement

This Data Privacy Statement (“Statement”), which has been prepared in relation to R.A. 10173, otherwise known as the Data Privacy Act of 2012, and its implementing rules and regulations, describes how personal information are collected, processed, disclosed, and stored by Rural Bank of Bayombong, Inc. (“RBBI”) and is applicable to its employees and all persons who apply for or avail of any of RBBI’s products and services, or who have established or propose to establish an account with RBBI, or who have provided or propose to provide third party security to RBBI (“Client”).

WHAT DATA TO BE COLLECTED FROM YOU

To provide the Client with RBBI” s banking/financial products and services and/or to implement Client-requested transactions, RBBI shall collect personal information from the Client which may include, but are not limited to:

Name, Age, Date/Place of Birth, Gender, Civil Status, Nationality
Address and Contact Details
Educational Background
Employment History
Financial Background
Specimen Signature
Permits, Licenses & Registrations
Status of Pending Civil/Criminal Cases (if any)
CCTV footage for security purposes

If deemed necessary, RBBI may request to verify the Client’s personal information, or seek additional information from regulatory, judicial, tax authorities, or credit bureaus.

PURPOSES OF DATA PROCESSING

RBBI shall process the Client’s personal information in connection with any of the following purposes:

Open, maintain, and/or terminate accounts;
Ease of contacting/communicating with clients;
Evaluate, approve, provide, or manage applications, financial products and services, and other transactions that the Client has requested;
Comply with know-your-customer information requirements;
Conduct credit and background checks;
Evaluate Client’s eligibility for RBBI’s products and services;
Perform profile and risk analysis;
Provide extensive and quality support to the Client;
For internal purposes, such as administrative, operational, audit, credit and risk management, or;
Comply with its reporting obligation to government authorities under applicable laws, rules and regulations.

RBBI’S METHOD OF PROCESSING PERSONAL DATA

Processing refers to the collection, recording, organization, storage, updating or modification, retrieval, consultation, use, consolidation, blocking, erasure or destruction of personal information. If necessary for the efficient delivery of RBBI’s products and services, the processing of personal data may be outsourced to third party service providers subject to compliance with this Statement and the provisions of the Data Privacy Act and its Implementing Rules and Regulations.

RBBI shall collect personal information through, but not limited to, any of the following:

Face-to-face and/or telephone conversation with RBBI staff/ personnel
Accomplishment and/or signing of forms/documents

WHEN DO WE COLLECT PERSONAL INFORMATION

RBBI collects information upon the Client’s application for, availment of and/or usage of RBBI’s products and services. This includes, but not limited to, account opening, loan applications, etc.

RECIPIENTS OF INFORMATION

Personal information may be processed and shared with various units within RBBI to the extent necessary for any of the purposes herein declared, to credit information bureaus, or to government authorities under applicable laws, rules and regulations.

RETENTION AND DISPOSAL

Retention and disposal of personal information shall be made in accordance with the Records Disposal Policy and Records Disposition Schedule of RBBI as approved by the National Archives of the Philippines under RA 9470.

HOW WE SAFEGUARD PERSONAL INFORMATION

In accordance with the Data Privacy Act, RA 1405 (Bank Secrecy Law), RA 8791 (General Banking Law of 2000), BSP Circular 808 series of 2013 (Guidelines on Information Technology Risk Management for All Banks and other Supervised Institutions), and BSP Circular 982 series of 2017 (Enhanced Guidelines on Information Security Management), RBBI, its employees, agents and representatives, shall handle personal information with utmost care and adhere to appropriate organizational, physical, and technical measures to maintain the confidentiality, integrity and security of all personal information in its possession.

THE CLIENT’S RIGHTS

In accordance with the Data Privacy Act, the Client has the right to:

Be informed whether their personal information shall or have been processed;
Reasonable access to their personal information;
Require RBBI to update their personal information;
Suspend, withdraw, or order the blocking, removal, or destruction of personal information if RBBI is not required to retain it by law or for legitimate business purposes and subject to the conditions for the legitimate exercise of the said rights under the Data Privacy Act and its IRR.