Enough cash in ATMs- BSP Davao

DAVAO CITY, Nov 2 (PI) – Bangko Sentral ng Pilipinas Davao Region assured the public of a sufficient cash supply especially on their Automated Teller Machines (ATM) as Christmas holidays and election season is fast approaching. The issue was raised during the online celebration for the Philippine Statistics Authority’s 32^nd National Statistic Month held last Friday, Oct. 29.

One issue raise during the event was the lack of supply in some ATMs particularly in Tagum City, Davao del Norte.

BSP Acting Director Jane Ann Gonzales clarifies the issue on some indispensible ATMs which is due to the transporting of cash withdrawals from their cash hubs to the different municipalities or neighboring provinces.

Gonzales said, “We assure you that even at the onset of the pandemic, we continuously open our vaults for the servicing of the withdrawals and deposits of our bank here in Davao City”.

Landbank Branch Manager Aurea Bertulfo said, “It’s really a performance indicator for the Branch Manager that we have a 100% ATM cash availability and an online status of our ATMs”.

As to the number of banks in Davao Region, more than half of the banks are within Davao City while 20% of the banking offices are in Davao del Norte and the rest are located in different provinces of the region.

BSP Bank Officer II Dorothy Joy Diaz said that the total number of banking offices in Davao Region from 2011 up to the 2^nd quarter of 2021, recorded the highest number at 79 offices on Universal and Commercial Banks while Thrift Banks with 72 offices, Rural and Cooperative Banks in the region with 12 offices.

Davao Region’s Bank density ratio increased from 6.9 in 2011 to 10.3 in June 2021. This refers to the ratio of the total number of domestic banking offices and total number of cities or municipalities in a given area.

“Tumataas po ang presence ng banking system po dito sa Davao Region (Our banking system is increasing in the Davao Region) if there are more banking offices in the region that would mean higher density ratio,” Diaz saiud

Meanwhile, the total number of ATMs in the region soared to 84% from 480 units in 2012 rose to 883 units as of June 2021 while the bulk of the region’s ATMs are those in Universal and Commercial Banks. ATMs serve as essential services in the banking system due to the easier access of clients getting cash from the bank. (PIA XI/Elvira May Suico)

Comments

Davao del Sur State College first president formally proclaimed

DIGOS CITY, Mar. 31 (PIA) – Commission on Higher Education (CHED) Commissioner Aldrin A. Darilag has formally proclaimed Dr. Augie E. Fuentes as the first president of the Davao del Sur State College (DSSC) in the investiture rites held recently at the Davao del Sur Coliseum in Digos City. Dr. Fuentes has been appointed as DSSC president in 2020, but her appointment was made formal only last March 17 due to the restrictions caused by the COVID-19 pandemic. The formal proclamation highlighted the institute’s accomplishments ever since they started as a state college, and not anymore as a sister campus of the Southern Philippines Agri-Business and Marine and Aquatic School of Technology (SPAMAST) of Malita in Davao Occidental. “Actually I would say that we are fortunate. Though we are young, though we are still around two-years old from the time we were launched, I say we are fortunate because we did not start from zero. We were a campus of SPAMAST such that there wer...

LTO to public: Do not patronize colorum vehicles

NABUNTURAN, Davao de Oro (PIA) - An official of the Land Transportation Office enjoined the public for the eradication of colorum vehicles plying the streets in Davao region. During the second episode of Kapihan sa Bagong Pilipinas in Davao City, LTO XI Regional Director Eleanor Calderon urged the public not to patronize colorum vehicles to avoid any road safety risk and to also complement their enforcement operations against these violators. “If we stop patronizing these (colorum vehicles), they will just die a natural death; mawala ra na sila sa kalsad a (they will just vanish in our roads),” Calderon said. The traffic official emphasized that LTO XI has apprehended a total of 115 colorum vehicles from January to April 2024. Calderon also provided tips to identify colorum vehicles. She said that UV express vehicles should have yellow plates; other than that, the public should not board not yellow-plated vehicles whose drivers or operators are offering rides for a fee. “Dapat ...

Pilipinas Shell to build import facility in Sta. Cruz, DavSur

DAVAO CITY, April 22- Petroleum giant Pilipinas Shell Petroleum Corporation will be constructing its Darong Import Facility in Sta. Cruz, Davao del Sur. When completed it will be the third largest import facility in the country after the Shell Import Facility Tabangao in Batangas and the North Mindanao Import Facility in Cagayan de Oro. The Darong Import Facility has a rated capacity of 67-million liters of petroleum products. The import facility will help and promote business continuity and stability in the area by providing needed fuel resources for mobility during storms, floods and other calamities. A groundbreaking ceremony was held in Darong, Sta Cruz on April 22. The event was attended by Engr. Jaime G. Lao, Municipal Mayor of Sta. Cruz, Davao del Sur; DMCI Holdings Inc. President Sid Consunji; Santa Cruz Storage Corporation President Das Consunji Reyes; and Juan Miguel Delgado, COO of Northern Star; Sta Cruz Storage Corporation and Stephen Tion...

PIA Davao Region

Search This Blog