Tuesday 21 November
Powered by Ajaxy
Nov 12, 2017 @ 17:21

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.

It’s time to volt in!

Tags: , , ,

Related Stories
More depositors of closed banks will get their money back using these funds.
The central bank found this small lender unfit to remain in business.
Looks like the Splash-run firm has now run dry.
The Bureau of the Treasury has bumped up the volume of retail Treasury bonds (RTBs)


 

Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.