CHAMBER OF THRIFT BANKS:
2012 Members of the CTB Board of Trustees Shown in photo are (from left) CTB Executive Director Suzanne Felix, CTB Second Vice President and Malayan Savings Bank President George Martirez; CTB First Vice President and BPI Family Savings Bank President Jose Teodoro Limcaoco; CTB and HSBC Savings Bank President Patrick Cheng; CTB Treasurer and RCBC Savings Bank President Rommel Latinazo; CTB Auditor and Bataan Savings and Loan Bank President Lolita Simpao; and CTB Trustee and University Savings Bank Director Ma. Consorcia Tamayo. Standing are (from left): CTB Consultant Benjamin Yambao; CTB Trustee and Palawan Development Bank President Eric Mondragon; CTB Trustee and Queen City Development Bank President Rogelio Florete; CTB Trustee and Philippine Business Bank Chairman Emeritus Alfredo Yao; CTB Trustee and Wealth Development Bank President Gregorio Anonas III; and CTB Trustee and Isla Bank Chairman Jose Ma. Lopez-vito III.
The year 2012 was welcomed as a year of big changes not only for businesses but for the economy as well. The global financial meltdown that struck the United States and the European Union cast a big shadow on certain enterprises especially in the banking industry. But due largely to optimism and the economic maneuverings of the government, the country was able to avert an economic financial crisis that has crippled a lot of nations both east and west. The resilient economy has gotten the attention of foreign investors and has proven to be a potent solution to address the economic slump that the country is in.
This is why for its 38th annual national convention, the Chamber of Thrift Banks (CTB) reaffirms its commitment in being a partner in the government’s realization of the upward surge of the country’s economic and social aspirations. This year’s theme, “Thrift Banks: Partner in National Development”, focuses on the role of thrift banks as conduits for economic stability and sustainability through its many programs that help micro, small, and medium enterprises (SMES), long regarded as growth drivers of the economy.
In a recent press conference held at the De Las Alas Executive Lounge of the RCBC Plaza in Makati, CTB and HSBC president Patrick Cheng reiterated CTB’S dedication to further the organization’s drive in helping and sustaining the upward surge of the country’s economy.
“Sustaining this new wave of optimism and our exceptional growth last year is our central focus for this year as this would allow us to expand our role in national development,” says Cheng.
Other members of the panel include CTB convention chair and RCBC Savings Bank president Rommel Latinazo, CTB trustee and University Savings Bank director Ma. Consorcia Tamayo and CTB executive director Suzanne Felix.
Aside from making a commitment to work hard-inhand with the government, CTB also vows to maintain a sound and stable banking system by working closely with the Bangko Sentral ng Pilipinas (BSP).
Cheng also touched on the
This year’s theme, “Thrift Banks: Partner in National Development”, focuses on the role of thrift banks as conduits for economic stability and sustainability through its many programs that help micro, small, and medium enterprises (SMES), long regarded as growth drivers of the economy.
subject and relevance of the 2012 Chamber of Thrift Banks National Convention which will be held today at Dusit Thani Hotel in Makati.
“The national convention is an avenue with which all members of CTB can gather and discuss the current state of the industry, its problems, and proposed solutions and future developments of the organization,” explains Cheng.
Thrift banks are proving to be influential forces in the economic surge of the country and the CTB, being the umbrella organization of the country’s thrift banks, insures that their commitment to a sound and sustainable economy is achieved. The new confidence in the Philippine economy by foreign investors is proof that the strides that the government, the business sector, and the banking industry are making are effective and relevant.
“We should continue with this optimistic view and reaffirm our commitment to the nation. We should nurture it, sustain it, and expand it for the betterment of the lives of Filipinos,” says Cheng.
Thrift banks are proving to be influential forces in the economic surge of the country and the CTB, being the umbrella organization of the country’s thrift banks, insures that their commitment to a sound and sustainable economy is achieved.