Soliven calls for more involvement of banking sector in Zambo dev’t PDF Print E-mail
Monday, 03 December 2012 13:53

Zamboanga City Chamber of Commerce and Industry Foundation Inc. President Pedro Rufo “ Pocholo” N. Soliven was invited as keynote speaker and inducting officer for the Zamboanga City Bankers and Financiers Association held last Saturday, December 1,2012  at 6:30 p.m. at the Astoria Plaza, Grand Astoria Hotel.

The event was also the Christmas Party of  the 64 member banks and financiers association with Outgoing President Rosendo “Junty” N. Castillo III (UCPB) and incoming President Alma De Leon-Paculanan (Al Amanah Bank) hosting the successful event.

The cavernous venue of the Astoria Plaza was full with more than 500 bankers composed of  the movers and shakers of the banking and financial Community of  Zamboanga City.

In his keynote address,  Soliven called on the banking sector to help the local industries particularly the  agricultural sector to level up and to bring the products by upgrading the production value chain.

He also appealed the group to explore ways on how they can help support by way of credit to marginalized women and farmers both coming  from the urban poor communities and the rural farm workers as part of their corporate social responsibility,

Soliven noted the high usurious rate being extended by some groups masquerading as legit microfinance corporation victimizing these unsuspecting recipients that they are being exploited.

Soliven also informed the banking sector on the ASEAN Integration in 2015, 

“The future ahead is full of challenges as well as opportunities... As a united  business community we have to define our respective roles, to take cognizant of our competitive advantage, our core competencies, our positioning and differentiation as well as the branding of the city in its entirety or through Macroeconomis perspective, to be competitive in a level playing field.... To continue to promote a strong private-public partnership and create an enabling environment for business and economic enterprise to prosper,” Soliven said.

He appealed to the banking sector “...  to help address the issue of the business community for access to large capital, a key factor for production aimed at encouraging economic activity.”

The 50-60 Billion aggregate deposits of Zamboanga City but with a total loan releases of only 20% shows a lot of imbalance, as per latest Bangko Central Figures, he said.

“How can these strenghts in huge deposits translate and help spur economic growth and create enterprise to create more wealth, in return create more employment opportunities, raise the  standard of living of its residents... in return have more consumer money in circulation in the local economy...” Soliven said.

He reminded the banking and financing community to be relevant and conscious of the needs of the community it wants to serve, and to view credit to increase the productive capacity of the local economy, Soliven said the Banking sectors role in influencing economic activity is through the availabilty of credit.

Soliven further underscored the important role of the banking sector as the nervous system of all the economic development in the country.

He echoed the call of Mayor Celso Lobregat who was also present in the event for the banking sector to be well informed and conscious of the development and issues affecting the city.

“To get out of the their respective comfort zone, and to get involved, we are what we want to see... Our clear vision of the ideal state of business in Zamboanga City , the strategies to realize this vision in an external and internal environment where business thrives and prosper,  the banking sector as an integral part of the bigger system cannot exist in isolation... neither can we be myopic and not perceive the realities of the external environment “... Soliven further said.