The Bankers Association of the Philippines (BAP) is confident that Metropolitan Bank and Trust Company (Metrobank) will quickly resolve the recently reported theft committed by a senior official. This appears to be an isolated incident and we are confident the facts will arise from the ongoing investigations being carried out by both Metrobank and the Bangko Sentral ng Pilipinas (BSP). Such incident is quite unfortunate but we wish to reiterate that banks have established internal controls and systems and instituted separation of functions designed to help prevent crimes of this nature from happening. Suffice it ...
Read moreMembers of the Bankers Association of the Philippines (BAP) are ready to serve customers in earthquake-affected areas in the Visayas, the BAP said over the weekend. “In consideration of the magnitude 6.5 earthquake that hit Leyte and the rest of Eastern and Central Visayas on July 6, the public is advised that BAP member banks with branches in the provinces of Leyte, Cebu, Bohol and other nearby provinces shall continue to service the banking public while we endeavor to deliver normal banking operations, particularly in the areas that were most affected,” the BAP said. BAP ...
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