EDITORIAL BOARD
Elvira D. Lorico
Chairman

Faustino M. Buenaventura
Mely S. Palad
Gerardo A. Butardo
Christine C. Tan
Noel J. Pajutagana
Dino B. Camba
Members

EDITORIAL FORCE
Gerardo A. Butardo
Editor-in-Chief

Noel J. Pajutagana
Artist

Dino B. Camba
Circulation Manager

Rogelio A. Encinas
Editorial Consultant

CORRESPONDENTS
Christine C. Tan ­ Ma. Hedelita E. Taas
Emelita F. Marchan ­ Manuel S. Seguerra
Cyrill B. Molina - Herminio C. Principio
Lily G. Ermino ­ Celedina P. Garbosa
Henry M. Sungsai - Hazel C. Pajutagana
Henry T. Itliong – Maricel T. Cardiño
Honorato Trespeses - Mely S. Palad
Ernesto Villareal
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     The ARBEX Express is published semi-annually by the Association of Rural Bank Examiners, 15th Floor, Multi-Storey Bldg., Bangko Sentral ng Pilipinas, Mabini, Manila.

     The views expressed therein are those of the authors and do not reflect those of the editors or the Association of Rural Bank Examiners. Neither do these views reflect those of the Department of Rural Banks or BSP Management.