Central Bank of the Philippines

12/01/2022 | Press release | Distributed by Public on 12/01/2022 20:43

BSP Engages Stakeholders in Mindanao

Media and Research - Press Releases

https://www.bsp.gov.ph/SitePages/MediaAndResearch/MediaDisp.aspx?ItemId=6530

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BSP Engages Stakeholders in Mindanao

December 01, 2022

​The Bangko Sentral ng Pilipinas (BSP) met its Mindanao stakeholders through various engagements on 23 and 24 November 2022 in Davao City.

During the 2022 Outstanding BSP Stakeholders Appreciation Ceremony on 23 November 2022, the central bank, led by Governor Felipe M. Medalla recognized its partners in Mindanao that have supported its programs, policies, and advocacies.

"Together, let us continue to build a Philippine economy that is more resilient, more technologically advanced, more sustainable, and more inclusive than ever before," Governor Medalla said.

The stakeholders recognized for their contributions to the performance of BSP's mandates are as follows:

BSP-SUPERVISED FINANCIAL INSTITUTIONS (BSFIs):

• Landbank of the Philippines - Davao City Branch

• BDO (Banco de Oro) Cash Hub - Zamboanga

• Landbank of the Philippines - Ozamiz Branch

• Landbank of the Philippines - Cotabato Branch

GOVERNMENT INSTITUTIONS:

• Ministry of Trade, Investment, and Tourism of the Bangsamoro Autonomous Region in Muslim Mindanao

• Jose Rizal Memorial State University - Tampilisan Campus - Zamboanga

SUBSIDIARY OF BSFIs:

• CARD-MRI Development Institute, Inc. - Davao del Norte

The BSP also met with the regional banking community on 24 November 2022, also in Davao City. Governor Medalla reassured banks of the BSP's support through regulatory and supervisory frameworks that aim to preserve stability and promote sustainable finance. BSP officials also committed to responding to the needs of the local banking community, such as meeting its currency needs in preferred denominations while working with both banks and local governments to make digital payment services more widely accessible.

"The BSP will continue to count on your valuable contributions to strengthen the banking system, make the quality of life for Filipinos better, and help boost the economy," the Governor told the participating banking leaders from the cities of Cotabato, Davao, Surigao, and Tagum.

The Governor added: "For our part, the central bank commits to continue fostering an enabling environment for the sustainable growth of financial institutions under our supervision." ​

The BSP has been working closely with its various stakeholders to further strengthen engagement and partnerships as it strives to fulfill its mandates and support economic recovery.

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​BSP officials (top row, from left to right) Monetary Board Member (MBM) Antonio S. Abacan Jr., MBM V. Bruce J. Tolentino, MBM Anita Linda R. Aquino, Governor Felipe M. Medalla, Deputy Governor (DG) Bernadette Romulo-Puyat, MBM Eli M. Remolona, MBM Peter B. Favila, and DG Mamerto E. Tangonan are joined by representatives of the recognized stakeholders from Mindanao: (bottom row, from left to right) Christian Albert of CARD-MRI Development Institute, Inc., Geraldine Henoctan of Landbank Ozamiz branch, Lovnah Mohammad of the Ministry of Trade, Investment, and Tourism of the BARMM, Albert Ozoa of BDO Davao representing the BDO Zamboanga branch, Jose De La Cruz of Landbank Davao City branch, Eunice Sumatra of Landbank Cotabato branch, and Domely Tortola of the Jose Rizal Memorial State University - Tampilisan Campus.
​ Key BSP officials led by Governor Felipe M. Medalla and the Monetary Board take a photo
with the attendees of the 2022 Outstanding BSP Stakeholders Appreciation Ceremony held in Davao City.


BSP Governor Felipe M. Medalla speaking at the Meeting with the Local Banking Community held at the BSP Mindanao Regional Office in Davao City.

​​BSP Governor Felipe M. Medalla (front, center) with Monetary Board members (seated, from left to right) Anita Linda R. Aquino, Peter B. Favilla, Eli M. Remolona, and Antonio S. Abacan Jr. with bank representatives from the cities of Cotabato, Davao, Surigao, and Tagum.
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