CTB 2009 Annual Convention

March 13, 2009

As the Chamber of Thrift Banks (CTB) stages its annual convention today, its 59 member banks renew their commitment to be a reliable partner of Government and the private sector in moving ahead this year.

CTB convention chairman Benjamin Oliva explains that there are many reasons to be optimistic about 2009, particularly the country’s sound economic fundamentals and stable banking system.

”Our theme, Moving Forward in 2009 through Responsive, Responsible Banking” highlights the CTB’s commitment to adhere to the standards set by the Bangko Sentral ng Pilipinas (BSP) while going full speed ahead in providing topnotch banking services and products to individual consumers, micro, small and medium enterprises (MSME’s) and overseas Filipino” Oliva says..

BSP Governor Armando Tetangco Jr. is this year’s convention keynote speaker, and will talk about “The State of the Philippine Banking Industry”. Senate Committee on Banks Chair Francis “Chiz” Escudero will discuss his Committee’s legislative agenda affecting the banking sector, while Finance Secretary Margarito Teves will talk on the topic “The Philippine Response to the Global Economic Challenge/DOF’s Policy Thrusts for 2009”. BSP Deputy Governor Diwa Guinigundo will present the Macroeconomic Outlook and his view on the government’s proposed “stimulus package”.

Oliva notes that the convention will highlight the CTB’s focus in continuously stimulating economic growth and social development through responsible lending activities. “We will work closely with regulators specifically with the BSP in developing and strengthening banking policies while ensuring that we serve the banking needs of the populace”.

He adds that the thrift banks’ clients can continue to count on the sector’s strength – good banking management which refers to proper risk management, having good funding sources, and responsible operations.

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