Private group to help disburse gov’t subsidies

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This collective has a combined branch network of 5,000 and customer touchpoints of 8,000 throughout the country. | Philbizwatcher

“We heed the call of Pre­sident Duterte for the private sector to complement government’s effort in containing the pandemic and providing relief to those severely affected. This is one of RCBC’s contributions as a member of the larger Philippine society,” RCBC president and chief executive Eugene Acevedo said.

“RBAP is ready to utilize its massive rural bank network of over 2,700 branches nationwide to handle the countryside pump priming needed to address this global pandemic and local qua­rantine,” RBAP president Roberto Abello said. “Cooperatives, with its presence in the rural areas, join the bigger community in the use of digital channels to reach out to more people in these trying times,” Natcco chief executive Sylvia Paraguya said.

“This is our collective action in solidarity with the nation in crisis. These rural banks, cooperatives and microfinance institutions, and even sari-sari stores are the ones closest to the poor and marginalized in the country,” said RCBC exe­cutive vice president and chief innovation and inclusion officer Lito Villanueva.

 

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