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BSP's Joint DLC-ITSS for the e-Rediscounting System Development is 2008 Presidential Lingkod Bayan Awardee

09.18.2008

The Civil Service Commission (CSC) will be honoring the Joint Department of Loans and Credit (DLC) and Information Technology Sub-Sector (ITSS) Teams for the Development of the Electronic Rediscounting System (e-Rediscounting) with the prestigious 2008 Presidential Lingkod Bayan Award, culminating this year's Search for Outstanding Public Officials and Employees.

The CSC has commended the team’s efforts in designing and implementing the e-Rediscounting, which dramatically improved the efficiency of the Bangko Sentral ng Pilipinas (BSP) in its loan processing and other bank services. The in-house developed system reengineered the way rediscounting transactions are being conducted – transactions are now being done online at the premises of the participating banks.  This has resulted in a fast and efficient delivery of credit to the banks, increased the flow of credit in the countryside; and minimized transaction costs of the participating banks and their clients.  The e-Rediscounting has thus reinforced BSP’s commitment of a dynamic and stable banking system for the benefit of the general public.

The team is headed by DLC’s Director Rosalinda S. Dumaliang and ITSS’s Acting Managing Director Teresita S. Bulseco.  The members include Reysan G. Gantuangco, Rodrigo G. Inciong, Leah C. Ozar, Lorvica M. Martin, Philip B. de Armas, Romeo E. Enguerra, Virginia S. Wong, Odemma L. Galang, and Louella D. Leones of DLC, and Efren C. Malabanan, Kim B. Burata, Romel C. Selerio, and Jennifer I. Ching of ITSS.

The CSC has recognized the team’s skillful management which succeeded not only in enhancing the image of the BSP but also in advancing bank transaction systems into an efficient, paperless and client-friendly process. 

Her Excellency, President Gloria Macapagal-Arroyo will confer the Lingkod Bayan Award on 19 September 2008 at the Rizal Hall, Malacañan Palace, which awarding rites highlight the bureaucracy’s celebration of the 108th Anniversary of the Philippine Civil Service.

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