The Bangko Sentral ng Pilipinas (BSP) recognized 13 partner institutions from South Luzon and the National Capital Region (NCR) during the “2022 Outstanding BSP Stakeholders Appreciation Ceremonies” held at the central bank’s head office in Manila recently.
The central bank honored financial institutions and industry associations that have provided outstanding contributions to the achievement of the BSP’s mandates, and a wide range of other initiatives, including statistical undertakings, information requirements, and advocacy programs.
“We recognize our public and private sector partners for consistently providing us with diverse and timely data. Our information-sharing and welfare-enhancing activities have been crucial in the implementation of appropriate, responsive, and well-calibrated policy actions,” said BSP Governor Felipe M. Medalla in a press statement.
For her part, BSP Deputy Governor Bernadette Romulo-Puyat emphasized that the strong collaboration between the government and the private sector is a significant component of the “whole-of-nation” approach to economic recovery.
“The BSP celebrates the remarkable contributions of our stakeholders, not only in delivering our mandates but also in cushioning the effects of the pandemic and helping the economy recover,” Deputy Governor Romulo-Puyat said.
Awardees all
The four awardees from the South Luzon Regional Office, namely, PNB – Naga City Panganiban Branch, Landbank of the Philippines – Legazpi City Branch, BDO – Legazpi Branch, and the Central Bicol State University of Agriculture – College of Economic and Management, were recognized for their contributions in conducting financial literacy programs among the youth, fisherfolks, and farmers.
They were likewise recognized for undertaking prioritization of cash assistance service with other banks that resulted in the longer circulation of banknotes and strict adherence to operational policies of the BSP that effectively helped deter the proliferation of counterfeit notes in the region.
Meanwhile, the BSP also recognized nine institutions coming from the NCR. These include ATRAM Trust Corporation, Bank of the Philippine Islands, Sterling Bank of Asia, the Philippine Payments Management, Inc., Maya Philippines, Inc., BDO Unibank, Inc., Mines and Geosciences Bureau, the Credit Card Association of the Philippines, and the Bankers Association of the Philippines.
Finally, nine awardees from the head office were also recognized for paving the way for the introduction of the digital PERA platform (https://pera.seedbox.ph); for participating in the Cash Service Alliance (CSA) facility; pioneering sustainability in the Philippine banking industry; showing a strong commitment to the development and protection of the financial services industry, and for their support to the BSP Gold Buying Roadmap.
They were also recognized for their support to the foreign exchange liberalization efforts of the BSP through its continuous submission of relevant inputs on draft Circulars; providing insights regarding the BSP’s periodic review of the ceilings on credit card transactions; and for fostering the safety and efficiency of payment systems and the broader adoption of digital payments.
Since its inception in 2004, the ceremonies have provided an avenue for the BSP to honor its partners in crafting policies and delivering programs for the Filipino people.