The Philippine Deposit Insurance Corporation
(PDIC) conducted Convergence in Iloilo City, a partnership meeting with members
of the Iloilo Federation of Rural Banks, Bankers Association of Iloilo and
Philippine Chamber of Commerce and Industry – Iloilo Chapter on Aug. 8, 2019.
Convergence is an initiative aimed at collaborating with bankers and business
groups to help build depositor confidence in the banking system. Convergence in
Iloilo City enabled PDIC to discuss how it supports the banking and business
communities by implementing bank strengthening programs, promoting the adoption
of digital technology, and providing business opportunities through data
availability for market analysis.
PDIC likewise presented its new logo and tagline, “Bank deposit mo,
protektado!” to increase public awareness on deposit insurance and support
confidence-building measures for the public.
The
Corporation also shared with the banks and business groups its flagship financial
literacy advocacy, the Be a Wise Saver (BAWS) campaign which aims to educate
students on safe and responsible financial habits that they will hopefully
carry with them when they eventually join the workforce.
Another initiative discussed was the Consolidation Program for Rural Banks
(CPRB), which aims to encourage rural banks to merge and consolidate to improve
financial strength, strengthen governance, and expand market reach. CPRB will
be in effect until Oct. 26, 2019.
In his message to the bankers, PDIC President
Roberto B. Tan said that the Corporation encourages banks and business groups
to participate in asset disposal activities where they can acquire properties
through public biddings or negotiated sale. These properties, in turn, may help
the expansion plans of their businesses.
The Convergence in Iloilo City followed the successful run of Convergence with
Davao Bankers held in June 2019. PDIC aims to sustain the conduct of
consultation meetings with various stakeholder groups nationwide to engage them
as partners in promoting depositor protection and financial stability./PN
