* * * Philippine Finance Association, Inc. (PFAI) President, Mr. Agerico Verzola; Executive Director, Mr. Romeo Dela Rosa; outgoing and incoming PFAI officers; members; esteemed guests; ladies and gentlemen, good afternoon. Since 1962, PFAI has been instrumental in shaping the landscape for financing and leasing industries. We in the Bangko Sentral recognise your crucial role in economic development.
I congratulate PFAI in my own capacity as Governor of the BSP and also on behalf of the Monetary Board, BSP officers and staff. I thank you also for the opportunity and privilege to keynote today’s General Membership Meeting and Induction of Officers. Borrowers and lenders Shakespeare famously warns, “Neither a borrower nor a lender be”.