Bunye: Kudos for BSP

Sunday, October 23, 2011

NOTHING like words of praise to warm the heart.

The Bangko Sentral ng Pilipinas (BSP) recently received three successive accolades from the Makati Business Club (MBC), the Management Association of the Philippines (MAP), and a member of the Philippine Congress -- affirmations that will truly inspire the BSP community to accomplish more.

Have something to report? Tell us in text, photos or videos.

The BSP, a consistent topnotcher among government institutions in previous MBC surveys, again received the highest net satisfaction score in the latest MBC Executive Outlook Survey.

The MBC is a private non-stock, non-profit association of senior business executives representing the largest corporations in the Philippines.

The BSP received a net score of 77 in the survey conducted from July 19 to August 2 of this year. The results indicate that around 85 percent of the respondents expressed satisfaction for the BSP’s performance during the first year of President Benigno Aquino III’s administration.

Following BSP in the top list is the Department of Finance with a net score of 67.6.

In a letter to BSP Governor Amando Tetangco Jr. last August 16, MAP President Felino A. Palafox Jr. revealed that their association considered BSP as one of the top best performers under the administration of President Aquino.

Palafox said the association’s members, who participated in the recent MAP Survey on Government Performance, voted for BSP to be in the top 5 among 50 government agencies.

“We in the MAP look forward to working with you and the BSP ‘MAPping a Culture of Integrity’ and in pursuing programs that will convert the ‘Matuwid na Daan’ clarion call of President Benigno C. Aquino III into a way of life for all citizens and leaders of our beloved country,” Palafox said.

Lastly, Rep. Angelo B. Palmones of Agham Party-List filed House Resolution No. 1610 entitled, “A Resolution of Commendation for the Bangko Sentral ng Pilipinas and Twelve Other Major Banks in the
Philippines for Undertaking the Kiddie Account Program, Under the Auspices of the Bank Marketing Association of the Philippines, to Promote the Habit of Saving Regularly Among Filipino Children Up to Twelve Years Old.”

The House Resolution noted that the Kiddie Account Program was in line with state policy to “inculcate in the youth patriotism and nationalism and encourage their involvement in public and civic affairs.”

“The government promotes projects and activities aimed at developing and enhancing positive Filipino values, especially among the youth,” the Resolution explained.

It added that “nurturing good traits and habits among the young can lead them to becoming responsible members of society.”

The BSP and the Bank Marketing Association of the Philippines (BMAP) launched a special “Kiddie Account Program” last August to encourage the country’s 12 million Filipino school children to save money.

Under the program, school children up to 12 years old can open bank accounts with initial deposits of P100.00 or less at any of the participating banks’ head offices or their 3,000 branches.

The 12 participating banks are the Development Bank of the Philippines (DBP), Bank of the Philippine Islands (BPI), China Bank Savings, East West Bank, Maybank, Philippine National Bank (PNB), Allied Bank, Banco de Oro (BDO), Philippine Savings Bank (PSBank), Philippine Veterans Bank, Security Bank, and RCBC Savings Bank.

Note: You may email us at totingbunye2000@gmail.com. Past articles may be viewed at http://speakingout.ph/speakingout.php.