chamber of thrift banks inaugural address ambassador alfredo m. yao ctb president 2008 national...
TRANSCRIPT
![Page 1: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/1.jpg)
CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention
CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention
![Page 2: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/2.jpg)
Thrift bank sector reported sound financial results Thrift bank sector reported sound financial results
• total assets reached P495.68 Bn, higher by 17.47% than year ago’s P421.97 Bn
• total loan portfolio (gross) reached P311.76 Bn, up by 12.33% from year ago’s P219.52 Bn
• NPL ratio at 6.87%, easing by1.38 percentage points from last year’s 8.25 percent ratio
• the industry sustained a single-digit NPL ratio for the past 33 months
![Page 3: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/3.jpg)
Convention Theme: “Thrift Banks: Government’s Partner in Promoting Economic Growth - Part 2”
Convention Theme: “Thrift Banks: Government’s Partner in Promoting Economic Growth - Part 2”• underscores continuing partnership with
the different agencies of Government in ensuring sustained economic growth
• address the various concerns of the sector, both legislative and regulatory
![Page 4: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/4.jpg)
• dedicated about 31.11% of its loan portfolio to SMEs
TBs continued perform its vital role on SME financing and HousingTBs continued perform its vital role on SME financing and Housing
• allocated about 22.80% or P71.08 billion to housing
![Page 5: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/5.jpg)
CTB Legislative agenda CTB Legislative agenda
• Introduce legislation on Free Patent
• Support the proposed Corporate Recovery and Insolvency Act
• Take the lead in ensuring the passage of CISA
![Page 6: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/6.jpg)
• establishment of banking or special courts
Judicial Agenda Judicial Agenda
![Page 7: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/7.jpg)
Regulatory AgendaRegulatory Agenda
• continue to work closely with the Bangko Sentral to ensure a manageable operating environment for CTB members
![Page 8: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/8.jpg)
CTB initiatives which gained Bangko Sentral approval in 2007
CTB initiatives which gained Bangko Sentral approval in 2007
• grant of authority to engage in limited trust business
• substantial reduction of the minimum capital requirement to operate an FCDU
• investments in long-dated marketable securities
• less restrictive required experience for heads of FCDU
• grant of authority for thrift banks to engage in derivatives activities
![Page 9: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/9.jpg)
Professional Development Professional Development
• establishment of a CTB Institute
![Page 10: CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention](https://reader035.vdocument.in/reader035/viewer/2022062714/56649d045503460f949d7945/html5/thumbnails/10.jpg)
Chamber of Thrift BanksChamber of Thrift Banks
2008 Board of Directors2008 Board of Directors