MikeLigalig.com

The Bohol Bankers Association (BBA) is seeking the establishment in Tagbilaran City of a cash unit of the Bangko Sentral ng Pilipinas.

This after the deposit volume in the province has breached the P10-billion mark.

In their Resolution No. 2, the bankers headed by Manager Rodney Lumuthang of Chinabank asked President Gloria Macapagal-Arroyo through Gov. Erico Aumentado for the "immediate establishment" of the cash unit as the banks need to maintain certain cash levels in any given day to meet the requirements of depositors and the business community and at the same time, bring down the carrying cost of excess cash.

In order to rationalize the cash positions of every bank, there is a need to put in place a cash unit of the BSP in Tagbilaran City, the resolution read.