Regulatory Alerts2023-07-23
Added
BRPD Circular Letter No. 24: Inclusion of Passing Banking Professional Exam (Former Banking Diploma Examination) in the Promotion Policy of Officers as Mandatory Requirement
The document clarifies exemptions from the mandatory Banking Professional Exam requirement for officer promotions under BRPD Circular Letter No. 3/2023. Bank officers promoted to a position immediately above their current rank within one step prior to the issuance of Circular No. 3/2023 are exempt from passing the exam for that specific next promotion, though subsequent promotions require passing it. Additionally, officers recruited or promoted before the circular's issuance who move to another bank for an immediate one-step promotion are also exempt, while those transferred to general banking operations after previously being exempt must pass the exam.
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