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

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...

DOH XI hires more nurses, doctors

DAVAO CITY, September 6 (PIA) – The Department of Health XI bared its emergency hiring for nurses and doctors following the need to augment the personnel requirement of COVID19 hospitals from all over the region. The head of the DOH XI Epidemiology and Surveillance Unit Dr. Rachel Pasion, in today’s DOH Virtual Presser reported that in Davao City alone combining both the COVID19 hospitals and the private hospitals have utilized 674 COVID19 beds out of the 830 beds or 79.4 utilization rate. This brings the region’s critical care utilization at a high risk level. The Southern Philippine Medical Center, in the past few days, released an advisory informing the public that it has been experiencing an unusually high volume of patients needing admission for COVID19. As of September 5, the facility has utilized 85 ICU beds out of the 92 total number of beds; utilized 490 ward beds out of 496 total number of beds. In the Province of Davao Oriental which is experiencing a surge in COVID19 ...

SPDA inks MOA on agri and aqua-farming concession

The Southern Philippines Development Authority (SPDA) solidified their agreement with foreign counterparts through the signing of Memorandum of Agreement (MOA) held in Davao City on March 14, 2022. Aiming for Mindanao to have modernization access to Agricultural and Aqua-Farming Concession that will be functional and benefited the local farmers and market; to yield better quality of products that eventually led to food security, sustainability and economic development that cater the needs of every Filipinos in the country in years to come. Chief Executive Officer and Administrator of SPDA Abdulghani "Gerry" A. Salapuddin said, “Today’s event is not only a welcome development but is a monumental event, with the life of SPDA of its 43 years of existence. In the past, there was never this kind of opportunity that came into the fold of SPDA”. In collaboration with Japan, US and Iran companies who wanted to invest in the country particularly in the municipality of Wao and Amai M...

PIA Davao Region

Search This Blog