The Bangko Sentral ng Pilipinas today announced that Monetary Board (MB) Member Valentin A. Araneta passed away yesterday, 21 February 2018, at the age of 69.
MB Member Araneta served as President of the Philippine Deposit Insurance Corporation (PDIC) from 2011 to 2014 before his appointment as MB Member in July 2014. Before PDIC, he was an Independent Director at Metropolitan Bank & Trust Company. He also served as President and Chief Operating Officer of Rizal Commercial Banking Corporation from 2000 to 2003 and was the Senior Executive Vice President and Chief Operating Officer of the Philippine National Bank until 1998.
In memoriam, the BSP will hold a Requiem Mass and necrological service tomorrow, 23 February 2018, from 9:00am to 12noon, at the BSP Assembly Hall, BSP Complex, Malate, Manila.
His inurnment will be on Sunday, 25 February 2018, at the St. Therese Columbarium, Newport Boulevard, Pasay City.