Mergers are the key for survival among rural banks, PDIC says
Fewer but stronger rural banks would ensure that more Filipinos in the countryside will get better services.
President Roberto Tan of the Philippine Deposit Insurance Corporation (PDIC) touted bank consolidations as the way to go as far as rural banks are concerned, as this would ensure that they remain strong and stable in the long run.
Tan gave this message as keynote speaker during the 60th anniversary of the Rural Bankers Association of the Philippines (RBAP), as he dangled the benefits provided under the Consolidation Program for Rural Banks (CPRB) offered by government.
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