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 Rizal (“RBR”) and is applicable to its employees and all persons who apply for or avail of any of RBR’s products and services, or who have established or propose to establish an account with RBR, or who have provided or propose to provide third party security to RBR (“Client”).

WHAT DATA TO BE COLLECTED FROM YOU

To provide the Client with RBR’s banking/financial products and services and/or to implement Client-requested transactions, RBR 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, RBR 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

RBR 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 RBR’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. 

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 RBR’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.
RBR shall collect personal information through, but not limited to, any of the following:
• Face-to-face and/or telephone conversation with RBR personnel
• Accomplishment and/or signing of forms/documents 

WHEN DO WE COLLECT PERSONAL INFORMATION

RBR collects information upon the Client’s application for, availment of and/or usage of RBR’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 RBR 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

RBR will retain your Personal Data for as long as necessary and in accordance to BSP Circular 720 Series 2011 on Guidelines on the retention and disposal of records/documents of rural and cooperative banks. 

HOW WE SAFEGUARD PERSONAL INFORMATION

 In accordance with the Data Privacy Act, RA 1405 (Bank Secrecy Law), RA 8791 (General Banking Law of 2000), RA 6426 (The Foreign Currency Deposit Act), BSP Circular 808 series of 2013 (Guidelines on Information Technology Risk Management for All Banks and other Supervised Institutions), BSP Circular 982 series of 2017 (Enhanced Guidelines on Information Security Management). RBR, 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 RBR to update their personal information;
• Suspend, withdraw, or order the blocking, removal, or destruction of personal information if RBR 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.  

DATA PROTECTION OFFICER

Any inquiry or request for information regarding this Statement may be addressed to the following:
Data Protection Officer6th Floor, RBR Corporate Center, Rizal Ave., Dipolog City, Zamboanga del Norte, Philippines, 7100(065) 212-2017 local 107dpo@rbrizal.com