On the other hand, bank customers can look forward to lower borrowing costs when their banks start sharing the cost benefits of e-rediscounting. At this point, let me also take the opportunity to acknowledge the dedication of the officers and staff of the pilot and participating banks who made their resources available for the success of this project.
We also wish to thank the officials and staff of the BSP, particularly  BIS Review 85/2007  1  from the Department of Loans and Credit and the Information Technology Sub-sector. Of course, we would also like to acknowledge the assistance and participation of the Davao Regional Office.