CHAMBER OF THRIFT BANKS Inaugural Address Ambassador Alfredo M. Yao CTB President 2008 National Convention

Thrift bank sector reported sound financial results total assets reached P Bn, higher by 17.47% than year ago’s P Bn total loan portfolio (gross) reached P Bn, up by 12.33% from year ago’s P Bn NPL ratio at 6.87%, easing by1.38 percentage points from last year’s 8.25 percent ratio the industry sustained a single-digit NPL ratio for the past 33 months

Convention Theme: “Thrift Banks: Government’s Partner in Promoting Economic Growth - Part 2” underscores continuing partnership with the different agencies of Government in ensuring sustained economic growth address the various concerns of the sector, both legislative and regulatory

dedicated about 31.11% of its loan portfolio to SMEs TBs continued perform its vital role on SME financing and Housing allocated about 22.80% or P71.08 billion to housing

CTB Legislative agenda Introduce legislation on Free Patent Support the proposed Corporate Recovery and Insolvency Act Take the lead in ensuring the passage of CISA

establishment of banking or special courts Judicial Agenda

Regulatory Agenda continue to work closely with the Bangko Sentral to ensure a manageable operating environment for CTB members

CTB initiatives which gained Bangko Sentral approval in 2007 grant of authority to engage in limited trust business substantial reduction of the minimum capital requirement to operate an FCDU investments in long-dated marketable securities less restrictive required experience for heads of FCDU grant of authority for thrift banks to engage in derivatives activities

Professional Development establishment of a CTB Institute

Chamber of Thrift Banks 2008 Board of Directors