• Bankers group assures public of sound internal controls


    In a statement, the Bankers Association of the Philippines (BAP) said it is confident that Metrobank will quickly resolve the case, which it regards as an isolated incident.

    “We are confident the facts will arise from the ongoing investigations being carried out by both Metrobank and the Bangko Sentral ng Pilipinas. Such incident is quite unfortunate but we wish to reiterate that banks have established internal controls and systems and instituted separation of functions designed to help prevent crimes of this nature from happening,” it said.

    “Suffice it to say, Metrobank assures the public that none of its customers has been affected by this incident as it reinforces its commitment to the highest standards of integrity and uphold the protection of each and every one of its customers,” the group said.


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