Celso forges pact for Coop Bank’s lot use PDF Print E-mail
Tuesday, 19 July 2011 17:17

The Banco Cooperativa de Zamboanga will soon rise at the government lot inside the Sta. Cruz market, 19 years after it was conceived by the 15 multi-purpose cooperatives in the city.

This, as Mayor Celso Lobregat yesterday morning led city government officials in forging a usufruct agreement allowing the Cooperative Bank to use the city-owned 200 meters lot inside the Sta. Cruz market complex for a period of 25 years and renewable for another 25 years.

On November 25, 2010, the Bangko Sentral ng Pilipinas has formally approved the proposal of the 15 multi-purpose cooperatives in the city to establish a bank devoted to serve the banking needs of the cooperative sector in Zamboanga.
Groundbreaking for the project is set two weeks from now.

Mayor Lobregat expressed elation that after more than a decade the proposed cooperative bank will be finally realized. He reaffirmed his all out support to the coop bank for the benefit of the cooperative sector in the city.

He stressed that the city government since the time of his late mother Mayor Maria Clara Lobregat has supported the proposal of the incorporators. “During the time of my mother as mayor and I as congressman, the incorporators have already approached the city government for help. We lobbied against the ban and moratorium in the creation of banks and Ma’am Caling committed to the incorporators the use of the city-owned lot through a usufruct agreement”.

With the mayor during the signing of the agreement with the coop bank incorporators were Vice Mayor Cesar Iturralde and Councilor Myra Paz Abubakar, who chairs the Council committee on cooperatives and City Administrator Antonio Orendain Jr. The Coop Bank was represented by Interim Chair Amelita Lachica. Also present were top officials from the Cooperative Development Authority (CDA), Mike Saavedra representing House Deputy Speaker Beng Climaco and officials from the Zamboanga City Cooperative Development Council and other concerned agencies.

Mayor Lobregat stressed that the bank’s opening soon will be coincidental as the Central Bank is also set to inaugurate its offices here in Zamboanga in October.
The officers, board of directors and cooperators of the Banco Cooperativa de Zamboanga have expressed appreciation to Mayor Celso Lobregat, the city government and District I Congresswoman Beng Climaco for the all out support and assistance that helped realize the project.

The cooperators on December 6 met with Mayor Lobregat to formally inform about the BSP approval. The mayor has tasked the agencies and departments concerned to immediately prepare the necessary documents.

Lachica said the cooperators and board of directors initiated measures, as it is given only 6 months to comply with the requirements for the eventual issuance of the certificate to operate by the BSP.

The 15 cooperators, their positions and the cooperatives they represent are the following: Lachica (interim board chair) of the Zamboanga Social Welfare and Development Multi-purpose Cooperative (ZAMSOWEDCO); Edmund Que (interim vice chair) of the PPA Employees MPC; Eleonor Santiago (member) of the Micro-Entrepreneur MPC-MEMPCO; Aldit Jabagat (member) of the People’s Micro-finance MPC; Bernardita Chiong (member) of the Office of the City General Services Office of Familyand Friends MPC; Antonio Clarito(member) of the PNP Rainbow MPC;  Lida Rose Baylon (member) of the Zamboanga City Community MPC; Arcadio Cavan Jr. (member) of the Office of the City Veterinarian Employees MPC; Monina  Palce (member) of the Philpost-9 Credit Cooperative; Rashina Mendoza (cooperator) of the Office of Civil Registrar’s Office; Melinda Bascar (cooperator) of the Tumaga Elementary School Teachers’ Cooperative; Helen Balajula (cooperator) of the Recodo Integrated Workers’ MPC; Zerlita Paltos (cooperator) of the Zamboanga Peninsula Teachers and Community MPC; Cristina Tortola  (cooperator) of the City Human Resource Management MPC and Ma. Jessica de los Reyes (cooperator) of the Mines Geo-9 Bureau Employees MPC. Leonor Aizon is the treasurer representing the CGSO & FF MPC and Alvin Alfonso is the secretary representing ZAMSOWEDCO.

The incorporators have an equity of over P11million, according to Mayor Lobregat.

On the other hand, the mayor urged the Coop bank officers and employees to adhere to the 5C’s— conscience, commitment, consistency, competence and
courage—his administration’s hallmark of governance in the next two years.

To ensure the project’s success, the bank’s officers and employees should have conscience for them to know and discern what is right, commitment and consistency for them to do right all the time not just sometimes or some of the time, competence for them to know how to do right and courage so that they can distinguish what is right and popular and do what is always right.

“It will be very sad for the city government to take back the land if the bank ceases to exist,” the mayor said adding “this Coop Bank is not a charitable bank, there is a big difference between a bank and a charitable institution and if you will operate as such you will go bankrupt, so the officers and employees of the bank should follow the 5C’s”. — Sheila Covarrubias