Samu’t Sari

Yes!!! As former ARBEX Chair Vic Berrey reported their accomplishments, we can all stand proud of our Association. My congratulations to all of you, 2002 officers.

Speaking of accomplishments, you may have read here somewhere of the MSEP performance of SED IV trainees. We put our best efforts not only for personal glory but more so, for the Department. Take a bow, topnotchers!!!

2002 was the time when the Department changed its name twice!!! From DRB to RCMBD to SED IV. The longest name - Rural, Cooperative and Microfinance Banks Department (RCMBD) – was the most short-lived. It was also the most descriptive of banks we supervised.

Henceforth, we will be Supervision and Examination Department IV (SED IV). Bilog talaga ang mundo. When we entered BSP in the 80’s, we were then known as SES (Supervision and Examination Sector) Department III. At least, may promotion naman!

The BSP Employees Association also clinched an insurance program covering our dependents. We can not use the dependents’ allowance anyway we please, hu, hu, hu.

After a long hiatus from directly supervising banks, I was reassigned back to operating division effective October, 2002. Now, I had to juggle time between MOR Committee work and division jobs. Very challenging, indeed.

For 2002, there were 50 circulars, 60 circular-letters and 17 memoranda to all banks released/issued. How many had you read?

Let’s go to 2003. Again, we had a reshuffle of Bank Officers III and I, effective January 16. As usual, we heard oohhs and ahhhs around. Take each assignment an opportunity for doing your best.

When we got our January payslip, we were surprised to note the reduction in our net take home pay. The culprit? A staggering increase in our GSIS contribution!

With the effectivity of the new GSIS Charter, a lot of our colleagues opted to retire. So we say, God speed to DD Noni Escuadro, MII Oswald Gervacio, Nilo Duka, Fred Orticio, and others who are leaving the portals of BSP.

So, bear it guys, your declining take home, I mean… Benefits will be when you retire!

Circular No. 364 dated January 9, 2003 revised the computation of the risk-weighted assets – i.e. 75% risk weights on small and medium enterprises (SMEs) and microfinance loan portfolios that meet prudential standards.

There is an ongoing study on data warehousing where some of our colleagues, headed by DD Nilda Allon, are assigned in committee. We count on you guys to solve some of the problems in paper work/piles (yes, not file but piles kung saan nadadapa si Ernie V.!).

My congratulations to Ms. Cholay Ocampo and all elected ARBEX officers for 2003. May your stars shine brightly for ARBEX.

On a high note, allow me to quote from my assessment of the MSEP Program. “I also realized how fortunate and blessed I am to be in an organization (i.e., BSP) aiming to be a learning one, where my potentials, career-wise, are being harnessed. All the strategies/approaches towards developing my career, are provided – education, training, seminars, travels, and other activities that would improve my personality and skills.”

Need I say more….?

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