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Friday, November 18, 2005
Editorial: Bank security challenge
WHILE it may be true that robberies and hold-ups could never gravely hurt the banks since they can recover their losses from the gains of their operation in the long run, still the matter has posed a challenge to the common welfare.
It is one that cries openly for solution from our law enforcers.
The issue is not so much the fact that the robberies have exposed the ineptness of our banks’ security system but that robbers have continued to defy the police as well as allied government agencies that have something to do with fighting criminality.
Clearly, something is wrong with the way we are dealing with the problem.
Just the other day, another bank was robbed in Tabogon, a town in northeastern Cebu only a few kilometers away from Bogo, which suffered a similar fate a couple of months ago, an incident that was blown up to “political” proportions.
It is hoped that the sense of urgency regarding the need to solve the bank robberies could be addressed with a deeper sense of determination on the part of our law enforcement agencies.
After all, it involves the people’s continued trust and confidence in our banks and in our law enforcers’ capability to secure the banks as well as the people’s money entrusted to them as interest-earning trust and savings deposit.
To have the people’s trust and confidence in our banks eroded does not speak well of our country, either in the domestic or the international scene.
When one considers the bank robberies that have been perpetrated in this island-province over the past half a decade and the number of the cases that have been effectively solved, the figures would surely show a distinct disparity between the numbers solved as against the number left unsolved.
The situation thus stares at each one of us in the face regarding the laxity that such cases may have been dealt with.
As crimes against property, the incidents may not have involved loss of lives but still the cases strikes at the heart of our economic existence, involving as they do the institution upon which the dynamics of our domestic economy revolves.
Crippling the banking system would be like maiming our economic limbs.
Thus, it should be with a grave sense of urgency that everyone of us should ask the law enforcement agencies and their respective enforcers to please look with deep seriousness the need to go after the perpetrators of the bank robberies and arrest the downslide of public trust in our banking institution as able safe-keepers of our hard-earned savings.
(November 18, 2005 issue)
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