Professional Documents
Culture Documents
has done in the past, towards what she can do at the present, in
well formulated tool for planning and development which will be truly
investments from both public and private sectors have greatly improved
This is expected to raise the level of the publics well being, and foster
Canlaon, thereby pulling out cash for circulation and putting it into
nearby cities with banking institutions, instead of circulating the
the sentiment occasionally voiced that the people didnt like to pay back
their loans. No other banks wanted to buy Rural Bank of Canlaon since
the CB required that any sale would also have to include assuming the
especially during its first 3 years of operation, carefully screen all loan
portfolio such as t-bills and other government securities, and only grant
local population from within the locality. This fits right in with the vision
Visayas and Mindanao business communities and has also attained the
In the CDS plan for the year 2007, one of the strategies of Canlaon
Uptown area, this will further coincide with the Citys plans for
outside the city center. The land is beside the City Mayors residence,
fronting the market for the regions high-value crops, such as lettuce,
of the landowner explaining that this was an excellent location due to the
location.
OBJECTIVE OF THE STUDY
aspects that need to be factored into this study are divided into
and also have the capability to repay loans taken. Only those who were
identified as part of the target market were considered and given the
bank.
METHODOLOGY
determined who the target markets were. The target markets identified
were the employed residents of Canlaon City and small and medium
business establishments.
SLOVINS FORMULA:
n = N
2
1 + N (e)
where:
n = sample size
e = sampling error of 5%
Permanent Government Employees 343
Permanent Private Employees 4,618
Self Employed 4,838
Total 9,799
Figures based on Population Distribution by Status of Employment 2003
n= 9,799
2
1 + 9,799 (5%)
inputs were essential to the feasibility study. Please see the section on
FEASIBILITY CRITERIA
the study:
patronize the products and services of the proposed project were the
the project were the location of the building, accessibility to the target
market, layout and human resources required, equipment costs, and
cost of land.
financial projections.
contributions and other benefits to the City and the society as a whole.
PROJECT
SUMMARY
A. NAME OF THE PROJECT
B. LOCATION
Mabigo, Canlaon City. Its main office or head office is located at the
Longitude.
Canlaon City) and 166 kilometers from Dumaguete City, the capital of
Negros Oriental.
Bacolod City via La Castellana; and a four- to five-hour trip from Cebu
family.
These major planters each have total land areas of between 120 to
Apart from these planters and farmers there are also a few
PROPOSED SITE
The lot under consideration for the proposed DCDB bank branch
feature of this location. Other advantages of this location are: the lot is
offered at market value price, the lot has good drainage and a first class
cement barrangay road connecting the lot to the city, the Uptown market
complex which faces it is the trading area for vegetables and livestock
economic growth.
Tita R. Sung, Jose E. Romero, Jr. and Gregorio E. Uymatiao, Sr., the
Negros Oriental. In July 1990, DCBD established its first branch in the
On October 16, 1993, the Lapu-Lapu City branch was its third branch.
November 10, 1993, the Bangko Sentral ng Pilipinas granted the bank
target of DCDB incorporators for the expansion of the bank. The mission
its resources and the need for a bank in that area. The project would
resources, will provide the community with the banking and other
housing; and
(3) Providing diversified financial and allied services for its chosen
and individuals.
1. PROJECT
the legal requirements have been met, and after the authority to
establish a branch has been given, the branch shall be opened within
six months from the date of approval. The target date the researchers
are suggesting is August 8, 2008 for the obvious reason that round
Canlaon City will be financed solely from the capital funds of the
supplied by the Vice President, the amount for the purchase of the lot
funds of the bank that have been earmarked for this purpose. The
occupy.
1. MARKET FEASIBILITY
In the survey conducted by the group, it was ascertained
that one of the reasons that there is a need for a banking institution
residents and the members of the local government of the city have
government is P6,458,090.00.
Carlos and transporting the said amount back to Canlaon. The total
city is P3,107,628.76.
the immediate area but in the absence of such the government may
deposit its IRA in any private bank in the locality for convenience as
Flores said that the City would provide the security services needed
by the bank branch and that she will talk with the Mayor regarding
this. She added that the City has continuity of plans, negating any
stated that the road conditions were the main problem banks did
have been concretized and the national highway connecting the city
CDS of 2007.
2. TECHNICAL FEASIBILITY
The technical aspect of the study shows that the project is
center. There is ample parking as the lot fronts the Uptown market
and also the lot is of a substantial size that a parking lot may be
The building and lot will be purchased by the bank and will
identified. The lot is priced at 1,500 pesos per square meter and the
cover 150 square meters initially with the capacity to add a second
other branches. Based on the Agri Agra Law (PD 717), 25 percent of
3. FINANCIAL FEASIBILITY
assumptions:
Operational Assumptions
break.
travel time to BPI San Carlos whose cut off time is 1:00pm.
f) Excess funds will be deposited with BPI- San Carlos or loaned
cash in vault
use.
but it will not be installed in the first year of operation, until the
l) All policies, rules and regulations of the DCDB main office will
office.
Canlaon.
Revenue Assumptions
a) Agricultural loans will have an interest rate of 15-18 percent, as
c.) Excess funds will be loaned to DCDB main branch at the rate of
Expense Assumptions
statistics.
Buildings 40 years
shorter.
4. SOCIO-ECONOMIC FEASIBILITY
The project will be consistent with Canlaons economic
community.
for the establishment of a bank in the City. This would eliminate the
from San Carlos and other banking institutions to conduct the Citys
cash a check within the city or going to San Carlos to do the same.
5. MANAGEMENT FEASIBILITY
messenger/janitor.
PROJECT STATUS AND TIMETABLE
proponent and the prospect study. On July 26, 2007, soon after the
questionnaires began on the first week of August, and lasted for three
weeks. The researchers then tallied the results during the second and
third weeks. After tallying the results, the group commenced analyzing
the collected data and drafting the feasibility study. The researchers
fourth and fifth weeks. The period from August 13 to September 3 was
Finally, the last week of the study was spent on encoding and reviewing
PROJECT TIMETABLE
B. Ocular/Site Inspection
C. Purchase of Land
E. Construction of Building
Inform BSP of the first day of operation and the banking hours and
days
Submit a Statement of Condition as of the first day of operation
GANNT CHART
ORGANIZATION
AND
MANAGEMENT
ASPECT
A. ORGANIZATION AND MANAGEMENT
corporation. The Monetary Board shall fix the minimum paid-up capital
of thrift banks in such amount as the Board may consider necessary for
the safe and sound operation of thrift banks taking into account the
of said bank.
The meetings of the board of directors may be conducted through
modern technologies such as, but not limited to, teleconferencing and
video-conferencing. Sec. 16. Fit and Proper Rule, To maintain the quality
public in general the Monetary Board shall prescribe, pass upon and
After due notice to the board of directors of the bank, the Monetary
who commits or omits an act which render him unfit for the position.
directors of any thrift bank which may be established after the effectivity
same time serve as officer of any thrift bank, except in cases where such
applied so that membership in the new board may include up to the total
Executive Committee
Gregorio L. Uymatiao, Jr. Chairman
Susano O. Sy Vice-Chairman
Nicholas S. Ramas-Uypitching Member
Silvestre H. Sung Member
Ma. Vivian Joyce V. Sastrillo Member
Head Office
Consolacion Gilda F. Elli Assistant Manager-HRD
Walden E. Justalero Loan Officer
Dumaguete Branch
Floranita U. Calaurian Manager
Ma. Rosario I. Espina Cashier
Ma. Elvie J. Teves Accountant
B. FORM OF OWNERSHIP
voting stock of a thrift bank which may be established after the approval
existing thrift banks with foreign holdings in which case, the resulting
foreign holdings shall not be increased but may be reduced and, once
Branch Manager
Messenger/Janitor
BASIC RESPONSIBILITIES:
SPECIFIC RESPONSIBILITIES:
levels.
marketing skills.
4. Monitors quality of service rendered by field and office personnel to
raised by clients.
statements.
BASIC RESPONSIBILITIES:
accountable forms. Also responsible for ensuring that Tellers and other
frontliners under the Cash Section render quality service and are
2. Ensures that actual cash in vault balances off with records all the
time and that bills have been carefully counted and bundled
checks.
10. Leads and trains the front liners in rendering good service and
monitors its usage and inventory level. Safe keeps signature cards,
14. Countersigns for IOAs, checks and withdrawals from other banks,
request.
BASIC RESPONSIBILITIES:
Responsible for the over-all supervision of Main Branch accounting
time deposit and loan transactions. Also responsible for overseeing the
functions.
SPECIFIC RESPONSIBILITIES:
recorded.
BASIC RESPONSIBILITIES:
receipt and payment of cash and checks. Also responsible for rendering
quality service to maintain good client relations and promote the banks
services.
SPECIFIC RESPONSIBILITIES:
facilitate counting.
authenticity of signatures.
security reasons.
BASIC RESPONSIBILITIES:
Responsible for effectively identifying business prospects,
SPECIFIC RESPONSIBILITIES:
offers the banks loan facilities and discusses how the bank can
the credit worthiness of the borrower and the project. This would
requirements/documents.
Accounting.
performance.
BASIC RESPONSIBILITIES:
report. Also responsible for the maintenance of the general ledger and
SPECIFIC RESPONSIBILITIES:
ledgers.
Controllership Unit.
BASIC RESPONSIBILITIES:
banks and other private and government agencies. Also responsible for
maybe assigned.
SPECIFIC RESPONSIBILITIES:
1. Plans daily itinerary and daily work priorities to maximize time and
the end of the day. Washes dishes at the end of the day.
E. JOB SPECIFICATION
MANAGER
relations
With very good communications and interpersonal skills
must be considered:
- integrity/probity;
- competence;
- education;
- diligence; and
- experience/training.
CASHIER
Must be a graduate of a business course preferably
accounting
supervisory capacity
ACCOUNTANT
capacity
LOAN PROCESSOR
Graduate of a four-year course
minimum supervision
communication skills)
GENERAL BOOKKEEPER
TELLER
MESSENGER/JANITOR
Hardworking
MARKETING
ASPECT
A. PROJECT DESCRIPTION
8791 The General Banking Law of 2000, banks shall refer to entities
thrift banks.
Republic Act No. 7906 also known as the Thrift Banks Act of
1995 refers thrift banks to include savings and mortgage banks, private
and shall be allowed to directly clear its demand deposit operations with
not limited to, the Bureau of Internal Revenue, Social Security System,
(6) Rediscount paper with the Philippine National Bank, the Land
(7) Issue mortgage and chattel mortgage certificates, buy and sell
them for its own account or for the account of others, or accept and
productive properties and real estate mortgage loans for: (a) the
properties; (b) the refinancing of similar loans and mortgages; and (c)
for the payment of principal and interest at the time they become due.
The bank shall accept its own certificates at least at the actual price of
debtors may wish to make: Provided, That the date of maturity of the
certificates is not later than the date on which the payment would
(8) Purchase, hold and convey real estate under the same
deductions to the thrift bank concerned, and collect such reasonable fee
individuals.
Other Target Markets identified are the large scale planters and
loans.
institution. Four percent did not answer the question. To determine the
demand for the business, the data gathered, as shown in Figure 12
and 99 percent ready to avail of its products and services. One percent
major client of the prospective bank. The list of clients would include
facilitated through the bank, negating the need for transacting business
to San Carlos City, Negros Occidental, to collect their salary, cash their
fee.
Canlaon City; the employees tend to do their shopping in San Carlos City
bank branch in Canlaon City for small to medium businesses make this
project viable.
D. SUPPLY
Although there are no existing banking institutions in Canlaon
City, there are other financial institutions that more or less provide
47.9 percent of the respondents avail their loans from SSS/GSIS, 22.9
percent from informal lending and 1.7 percent from other institutions.
bank accounts.
E. DEMAND-SUPPLY ANALYSIS
demand for a bank in Canlaon City. The lack of a bank in the city has
resulted in the respondents turning to other financial institutions like
credit cooperatives and pawnshops. Aside from that they use the services
F. PRICE STUDY
Bank charges:
Bank certification P50.00
Purchase of a Managers check, MC P20.00
Documentary stamp on MC P1.50
Inter-branch transfer P50.00
regardless of amount
Below minimum balances P25.00 per month
(current and savings, or C&S)
Dormant C&S accounts P30.00 per month
Overnight checks:
if funded or deposited after closing
time or a late deposit P100.00
Savings deposits:
Minimum initial deposit P 500.00
Average daily balance to earn interest P1,000.00
- Super Privileged Time Deposit gives 6.5% per annum with a term
- As for the loans, the rates range from 15% - 18% per annum,
G. MARKET ANALYSIS
There are basically two factors affecting the market; these are
INTERNAL FACTORS
1. Location
Most if not all of the respondents do their banking in
2. Interest Rates
4. Employees
EXTERNAL FACTORS
1. Competitors
factor that could affect the market of the bank because more or
are eight banks in San Carlos namely: Bank Victorias, BPI, DBP,
2. Security
Competitiv
e
Rivalry
SUPPPLIER POWER BUYER POWER
THREAT OF SUBSTITUTION
Threat of Substitution:
Substitution is hard because
substitutes are either or more
expensive or need more
requirements (collateral)
SWOT ANALYSIS
STRENGTHS WEAKNESSES
First bank in Canlaon ergo Captive Newly established branch
Market -Not everyone is aware of the
-Wide range of financial services banks services
-The bank is reputable and is -Market has low trust in banks
trusted by the community because of previous bank closure
-Deposits are PDIC Insured -Market appears to have a growth
-Expertise in banking limit because of the lack of
customers passing through the
area
OPPORTUNITIES THREATS
-All loans of small & medium -Security
enterprises -Entry of other banks
-Government patronage -Fortuitous events, i.e, eruption of
-Captive market Mt. Canlaon
-Private sector patronage
An analysis of the two tools illustrated above reveal certain aspects
market.
H. MARKETING PROGRAM
Local print and media advertising will be utilized during the last
On the Citys charter day or fiesta, the bank should already make
with the bank under his own name. Since the bank deposit is a
contract, only those with legal capacity to enter into contracts may make
persons and deaf mutes that do not know how to read or write, cannot
give consent and therefore, cannot enter into contracts, including bank
the individual name of a person is that the money is his property, and
Joint Accounts
them may deposit and withdraw from the account without the
true in the case of sole proprietorship in order to ascertain the true name
and real identity of the depositor. Only the registered owner of the
business name may deal with the account, and checks payable to either
the true name or business name may be accepted for deposit to the
Partnership Account
Corporate Account
having the right of succession and the powers, attributes and properties
accounts. In such cases the bank should require a copy of the articles of
Treasurer-In-Trust Account
The treasurer should hold the money used in opening the account in
be issued at this point. Usually the client will request for a Banks
issuance of checks. Checking accounts provide its users the safety and
the check
b. Adequacy of balance.
Clients may open a checking account as long as the proper
Preferred/Time deposits
fixed period of time, thus earning interest higher than that given to
savings accounts. Unlike current and savings account, time deposits are
are evidenced by certificates issued by the Bank, which bear details such
as the name of the person to whom the certificate is payable, the date of
OTHER SERVICES
personal purposes.
Managers/Gift Checks
and by the bank so much so that they are more acceptable than ordinary
B. BANK POLICIES
The new DCDB Canlaon City branch will follow the bank policies of
that of the Main Branch and other branches as seen in the Banks
Just to cite some of these policies: a branch teller will only have
manual of operations. The teller will immediately turn over all excess
from what is available in the cash in vault. Deposit pick-up between the
bank and the client shall follow agreed banking procedures with
end of the day. The main cash vault will be in the dual control of two
bank. Bank policy states that the vault shall be regularly opened fifteen
minutes before the start of the day and closed at the earliest possible
time.
for the day after considering banks deposits with which the Bangko
laundering policy, Republic Act 9160, and its mandatory plan of actions
large and unusual are those that are ten times the regular average daily
transaction for the immediate preceding six months and will be subject
movement for a period of time; current accounts require one year and
1. Name of client
4. Deposit/loan accounts
years
issued, and amount of the loan and the date of preparation of the
memorandum.
2. The terms and conditions for the payment of the loan applied for.
4. The clients financial statements for the current past two to three
years.
6. Credit investigation.
authority
1. Board of Directors
2. Executive Committee
3. President
policies issued by the bank from time to time and pertinent laws, rules
and regulations issued by the bank compliance officer, the BSP and
- up to P5.0 M EXECOM
- up to P100 T AVP
Unsecured loans
- up to single borrowers limit Board of Directors
- up to P1.0 M EXECOM
Collection of Accounts
mailed through the ordinary post office mail fifteen days before the
account.
4. A lawyers letter will follow, giving the subject fifteen days to settle
proceedings.
5. If there is no payment/ settlement after fifteen days of the receipt
instituted.
collect all past due accounts and try to apply all mitigating measures to
help the account get back to its current status. Foreclosure proceedings
on the account of this note, the entire obligation plus interest and
penalty and whatever advances made by the bank shall become due and
loans.
C.BANK LAYOUT
BANK LANDSCAPE
D.EQUIPMENT/SUPPLIES
Security Devices Price
Cash vault P60,000.00
Vault Doors 68,000.00
Time Locks 1,363.00
Combination Locks 14,575.00
Burglar Alarm 23,200.00
Hold up Alarm (3 @ 2,440) 7,320.00
Records Vault 38,000.00
Cash Steel Safe 10,956.00
Total P223, 414.00
Equipment Price
Adding Machine P2,750.00
Bill/Money Counter 40,000.00
Coin Counter 30,000.00
Check Writer 4,494.82
Doc Stamps Machine 18,160.90
Typewriter 2,185.50
Computer 6 @ 28,550.00 171,300.00
Printer 5 @ 2,495.00 12,475.00
Generator 42,800.00
Fax Machine 6,995.00
Filing Cabinets 2 @ 4,000 8,000.00
Tables and Chairs 20, 000.00
ATM Machine 24 hours 272,187.00
Total 631, 348.22
E. BUILDING PLAN
business including the bank. Offer this as a start for the small to
depository for the city and region. All government financial transactions
TOTAL P58,799,098.32
loaned out to DCDB main branch at the rate of 9 percent per annum.
Operational Assumptions
break.
managers use.
but it will not be installed in the first year of operation, until the
k) All policies, rules and regulations of the DCDB main office will
office.
Canlaon City.
Revenue Assumptions
transactions.
transactions.
Expense Assumptions
a) The salary of the bank branch employees will have a three
statistics.
losses.
Buildings 40 years
shorter.
SOCIO-
ECONOMIC
FEASIBILITY
A. ECONOMIC ASPECT
community. Services offered by the bank will most probably affect certain
items in order to have their checks cashed locally. Trips to and from San
may travel less and demand that local establishments upgrade their
products and services which are otherwise found in San Carlos City,
Bacolod, or Guihulngan.
B. SOCIAL DESIRABILITY
young city like Canlaon City. Once again it is given the opportunity to
and use a loan wisely bring confidence in all working people. The
that will save for the future, at the same time increase their power as
consumers.
C. JOB OPPORTUNITY
the security guards. The tellers, bookkeepers, clerks and messenger can
As for the city, the bank provides the ability, for small to medium
communication, will develop the consumer confidence that can fuel the
citys economy thus creating more jobs. The agricultural community will
also benefit from having the capital to utilize more efficient means of
production such as mechanization, improved storage and handling
facilities.
LEGAL ASPECT
troubles are the result of unclear documents. Whether one deals with
And then proceed to the Bureau of Fire Protection for the Fire Safety
After the inauguration of the bank, within 30 days from the date
Central Bank.
General Banking Law, Section 21, Banking Days and Hours are,
banking public, all banks including their branches and offices shall
transact business on all working days for at least six (6) hours a day. In
addition, banks or any of their branches or offices may open for business
Provided, That banks which opt to open on days other than working days
shall report to the Bangko Sentral the additional days during which they
questionnaires are female and 29 percent are male. Thirteen percent did
those who responded are married and 23 percent are single. Seven
percent are widowed and 13 percent did not specify their status.
22%
1 to 5
6 to 10
58%
20% No answer
Figure 4 shows the bracket for the number of members in the
No Answer 7
Above 40,001 11
20,001-40,000 32
15,001-20,000 45 Series1
10,001-15,000 71
5,001-10,000 114
0 20 40 60 80 100 120
Figure 5 shows the range for the monthly income of the respondents. Out
income bracket. Even if a large portion of the sample size earn 10,000 or
below we can see from the succeeding graph that 44 percent of the
sample population spend below 5,000 pesos a month. This would mean
that at least some if not most of the 10,000 peso and below income
earners will also only expend 5,000 pesos per month. We can imply from
this that even though a large percentage of the sample population earn a
relatively low monthly income their monthly expenses are still low and
presupposes that the lower income earners are also the ones who have a
above.
Figure 7 shows the monthly savings of the respondents. From their
monthly income, 227 respondents answered that they save below 1,000.
establish that people still save money. This question also served to
City and thirty six percent dont have bank deposits. The researchers
located outside of Canlaon City, but still are catering to banking needs of
which the respondents avail of. It shows that the bigger portion of
problem is the low savings interest rates that their current bank
said that the bank would be a future competitor of the office the
the bank. The majority said that it would be best if the branch would be
situated in the city proper or the city center. This is actually misleading
as Mabigo Midtown and City Proper are the same place. In effect almost
60 percent of the population prefer the midtown area for the location of
the bank branch. The group are recommending a site outside of that
Figure 14 shows the products and services that the respondents would
materializes. 35.17 percent for savings deposits, 10.94 percent for time
the bank because they offer similar products and services such as small
loans and cashing of cheques. The chart shows that 47.9 percent of the
would readily avail of these services and only 1 percent would not
A.FINDINGS
respondents did not see a need for a bank in the area. This
makes up .5 percent of respondents not in favor of a bank in
Canlaon.
B. CONCLUSIONS
other fees would be negligible. The general economic level of the city
shows that there are no large enterprises and that the city is
predominantly agricultural.
revenues generated by fees from taxes, licenses, and permits, and the
willingness to have the proposed bank act as its official depository offsets
if the proposed bank branch can capture the government market and act
C. RECOMMENDATIONS
average
APPENDICES
Appendix A
Survey
Questionnaire
SILLIMAN UNIVERSITY
DUMAGUETE CITY, 6200
PHILIPPINES
Dear Sir/Madam:
In this regard, we are seeking the cooperation of various entities from the
local government of Canlaon City, and from the public and private
sectors in your area. As representatives of both our school and the
DCDB, be assured that we will conduct ourselves as this study with the
utmost professionalism required of us.
Yours truly,
Victor Cal
Noted by:
Atty. Gloria G. Futalan
Professor
MBA Program, CBA
Silliman University
THANK YOU FOR THE TIME AND EFFORT YOU SPENT IN ANSWERING
THIS QUESTIONNAIRE. THIS INFORMATION WILL REMAIN
CONFIDENTIAL.
Name (optional):_________________________________________________
Address:_________________________________________________________
Age:_________________________Gender__________Civil Status________
Occupation:______________________________________________________
Place of Work:____________________________________________________
Number of Members in the Family:________________________________
INSTRUCTIONS: Please put a check (/) on the space provided for your
answers:
4. What problems if any, have you encountered with your existing bank?
____slow service ___low savings interest rates
____long queues ___high interest rates for loans
____no parking ___ unaccommodating staff
Others please specify________________
since the city has no existing bank and other financial institutions.
The proposed project is a big honor for the Canlaonians for it will
not cost them too much for the fare and time in going to San
because I want to change the economic situation of the city and life
procure.
2. Accommodating staff
This is a very feasible project for the city to improve its economic
banking business in other places far from the city. We hope that
the project will be implemented this year (2007). More power to the
project!
Canlaon City.
Please hurry.
specifically.
DCDB branch.
The earlier you open the better so we can avail of its services.
We need to have a bank in Canlaon City.
Canlaonians.
our city is far from San Carlos City and Guihulngan City were
Happy to have one because not even one bank is available in this
city.
Here in our place I agree that this city should have a bank in order
Canlaon City can deposit their money and can avail of loans for the
Do it now!
ASAP.
bank.
Do good service.
City.
ASAP.
order for us to save expenses in going to San Carlos City to get out
Much better if you open DCDB here so that is easy for us to open
saving accounts.
institutions are.
City.
city. It will facilitate the safety of the government funds of the city
as well.
possible.
It would be convenient for the people of Canlaon City to do banking
business.
could be convenient for the people here and have their saving
Easy to deposit.
This will be a great help to our city and to the people of Canlaon
City.
We will be very happy if you will open here in our city because we
City, its a great help and great favor for all employees including
businessmen/women/people.
DCDB will decide to put up a bank, the pros and cons must be
code.
I hope and pray that this proposal will come true to this city
As early as possible.
Canlaon City badly needs a bank to cater to the needs of the
Oriental, so that the people experience and know how to save for
possible.
We really dont have fixed income. Last few years I was able to avail
of banking services from DBP and other banks in San Carlos City.
spend and several pesos will be wasted for your fare back and
forth. I realized I was not saving because of the distance from the
your bank because this is what is lacking in our place. I hope you
Im very happy if DCDB will open here in Canlaon City for the
available and they have no travel an hour to San Carlos City for
be a boost to our local economy and an eye opener for the locals to
financial transaction.
for barangays.
Its very good to have a bank in Canlaon City, so that they can help
I want to have a bank in Canlaon City so that I can easily save very
Banking Laws
APPENDIX C
BSP Forms
APPENDIX D
Permits,
Clearances,
Licenses
APPENDIX E
Taxation
APPENDIX F
Map &
CDS of Canlaon
City