The Bangko Sentral ng Pilipinas (BSP) recognized nine institutional partners of its South Luzon Regional Office (SLRO) during the 2024 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held on 23 September 2024 in Lucena City.
BSP Deputy Governor Bernadette Romulo-Puyat thanked the awardees and said, “At the core of our partnership is a common goal: a resilient economy that improves the lives of all Filipinos.”
On 02 August and 16 September 2024, the BSP held similar appreciation events for its Head Office and Visayas Regional Office partners, respectively. The central bank will also host appreciation ceremonies in North Luzon and Mindanao.
Since 2004, the OBSAC has served as a venue for the BSP to acknowledge exceptional financial institutions, local government units, companies, and organizations that have contributed to its core objectives of ensuring price stability, financial stability, and a secure and efficient payment and settlement system.
The BSP has also been recognizing partner organizations that support its special initiatives, such as promoting financial inclusion, digitalization, proper management of banknotes and coins, and cybersecurity practices for financial transactions.
Below are the outstanding institutional partners of the BSP SLRO:
Land Bank of the Philippines – Naga Rotunda Branch for its efficient management of currency transactions and stringent upholding of banking standards, and for facilitating secure and efficient banking transactions within the region;
Camalig Bank, Inc. for being a key financial partner for Bicolanos by offering credit, promoting environmental sustainability through environmental, social, and governance loan products, and advancing digital payments via its integration into the National Retail Payment System and mobile banking services;
Cash Management Services Unit, Metropolitan Bank and Trust Company– Lucena for supporting the Clean Note and Coin Policy, sharing fit currencies with local banks even before the implementation of Cash Service Alliance[1] and supporting the pre-production rollout of the Integrated Currency Management System;
Quezon Capital Rural Bank for actively supporting BSP Lucena's Piso Caravan Partner Bank Project[2] by exchanging unfit and mutilated currencies, recirculating coins, and serving as BSP Lucena’s key multiplier force in siphoning off unfit and mutilated currencies in circulation in the community, and for encouraging savings through basic deposit accounts;
Provincial Government of Camarines Norte for its strong support for the BSP Gold Buying Program by encouraging small-scale miners and traders to sell their gold with the BSP, and for boosting financial literacy by serving as a key hub for educational resources in support of the BSP’s advocacy on financial education;
Quezon Federation and Union of Cooperatives for being an active BSP partner in offering financial literacy and "Know Your Money" lectures to its members, volunteering for the BSP SLRO Information Caravan, and sending nearly 200 members to BSP programs, while exploring further collaborations, such as becoming a Piso Caravan Currency Exchange Partner;
Lucena Diocesan Social Action Center, Inc. for actively supporting BSP Lucena’s Piso Caravan sa Simbahan by sorting and exchanging unfit coins from 70 parishes, helping circulate fit coins. In 2023, it exchanged over one million unfit coins to support the BSP's Clean Note and Coin Policy;
Carlos Superdrug for supporting the BSP’s coin recirculation efforts by exchanging coins from the public across its 42 Quezon branches, complying with exact change laws, and serving as a model for other businesses; and
iLab ARAL, Inc. for partnering with BSP Naga and SLRO in promoting financial literacy through in-person and online programs for children, parents, and educators. It collaborated with BSP to conduct the Money Smart Camp 2023 to teach young learners entrepreneurship, saving, and responsible spending through interactive sessions and digital tools.
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