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Message of the President to the Confederation of Central Luzon Rural Banks |
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2005 Rural Bankers' Managemetn Conference
Family Matters: Challenge, Transition, Growth February 21-23, 2005 |
Your choice of conference theme is most relevant tot he ongoing strenthening and future of rural banks leadership in teh country today. We all agree that rural banks rise and prosper with the economic growth and productivity of the communities. Rural banks therefore have substantial stake in the progress, peace and harmony of municipalities and towns. Rural bank owners, directors, officers and employees often are the role models and keepers of moral and civic leadership for the constituents and local citizenry. The prominence and goodwill of the dominant family investors support and sustain pblic perception of the bank's dependability and effectiveness in the community. Filipino society favors patronage and personal relations, and the stability of the basic family as a social and financial unit reinforces the trust bestowed upon the bank. It is in fact one of the basic ffeatures that sets it apart from other countryside financial and banking institutions - having the social conscience for the local community welfare. At the same time, professional competence and service capability beyond the confines of usual capital and resources of rural banks are increasingly required. Leapfrogging developments in applications of information communications technology and greater need for deposits, collections and payment transfers, as well as market based practices in credit process, loans and deposits complicate the structures and practice of the present rural banks. It is not enough to know by heart the Manual of Regulations for Banks. Big bank-know-how, credit bureaus, agency networking and partnering, loans and treasury management are the new additions to the duties of the rural financial manager, including micro managing results on a sustained and creative basis. Risk management, audit and governance committees and independent directors are recent bywords in the banking vocabulary. Today, the rural banker must always be ahead, so to speak. Finally, it is not enough to have the conscience and knowledge. The rurla banker must have the heart for its customers and the society. As we approach the year 2005, family leadership and next generation rural bankers must cope with the challenges of BASEL 2 regulations, market demands, technology, competition and professionalism. Rural banker families must successfully internalize good governance and its principles of transparency of bank management, fairness to all stakeholders and accountability of the board and officers. Suct principles must become part of the family core values fromt he board level down to the lowest echelons of management and operations. More than any other period in our 52 years since rural banking system was enacted into law, family cohesiveness and unity for good goverannce are greatly needed. In this regard, management succession should not be lightly relegated to chance and impulse much more to disputes. A logical, professional and progressive succession of delegation of management duties and responsibilities ought to be adopted in order that stability, continuity and public trust can be assured. Positive family values can be formidable in guiding the future progress of rural banks. Family principles of industry, responsibility, honesty and solidarity practiced in the bank organization, the banking associations as well as to society at large may hold the answer to most of our needs for bonding and resiliency. I am sure that the conference will delve on the many facets of family values and discuss models in meeting the ever-increasing demands of rural banking management continuity. I know that there will be not just one paradigm. Indeed, there will be a wealth of family succession experiences and sharing to learn from. Be that as it may, the solidarity and cohesiveness of the confederation members, the growth in assets, deposits and loans of Region 3 for year 2004 and improvements in compliance to the changing regulatory environment give every rural banker reason to be proud and inspired. Sa Rural Banks, mga pamayanan ay uunlad, ang ating bansa ay uusad SENEN D. GLORIOSO President, RBAP
Families of Tomorrow... An Assessment of the Future |
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Circular Letters/Memoranda |
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Speeches/ Presentations |
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Photo Gallery |
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The 2008 RBAP Charter Symposium |
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2008 CFI Awards |
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Rural Banking Week Celebration Golf Tournament |
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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector |
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Financial Reporting Package 2008 |
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BSP releases regulations on liquidity, market risk weighting |
