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CHAMBER OF THRIFT BANKS. Accomplishment Report 3 rd Quarter 2008. Ambassador Alfredo M. Yao CTB President. CHAMBER OF TRIFT BANKS. BSP ADVOCACY. Proposal to allow TBs to issue Foreign L/Cs to enable TBs to provide the necessary import-export facilities to their SME clients
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CHAMBER OF THRIFT BANKS Accomplishment Report 3rd Quarter 2008 Ambassador Alfredo M. YaoCTB President
CHAMBER OF TRIFT BANKS BSP ADVOCACY • Proposal to allow TBs to issue Foreign L/Cs to enable TBs to provide the necessary import-export facilities to their SME clients • Issuance of BSP Circular 620 (new rules on Bank Protection) adopting some of CTB’s comments • Deferred implementation of retro 20% FWT on overnight RRP transactions with BSP Create great-looking signatures for your e-mail
BSP ADVOCACY • Extension to December 31, 2011 of the exemption of micro and small-enterprise loans from the required submission of ITR/AFS • Investment in Foreign Currency Denominated Philippine Debt Securities by Regular Banking Units of TBs • Active participation in MSME Law IRR formulation with the end in view of making the new MSME Law “doable” for TBs
CHAMBER OF TRIFT BANKS LEGISLATIVE ADVOCACY • Free Patent Bill due for plenary in both Houses of Congress • Credit Information System Act (CISA) ratified by both the Senate and the House of Representatives • Active participation in congressional hearings on Farmland as Collateral bills, voicing CTB’s stand against any form of mandatory lending Create great-looking signatures for your e-mail
CHAMBER OF TRIFT BANKS PROFESSIONAL DEVELOPMENT COMMITTEE • FCDU Training Program for TBs and RBs to be held on October 16 and 17 Create great-looking signatures for your e-mail
CHAMBER OF TRIFT BANKS OTHER INITIATIVES • Affordable facility for CTB members to enable them to actively participate in the fixed income market • BSP-SES Briefing/Dialogue with Visayas members held in Cebu Create great-looking signatures for your e-mail
CTB THANK YOU!