BAP commits P2M for reconstruction of schools damaged by Yolanda
The Bankers Association of the Philippines (BAP) recently donated P2 Million to the Department of Education (DepEd) to help rebuild and reconstruct public school classrooms that were greatly affected by super typhoon Yolanda. Based on DepEd’s latest reports, more than 5,500 classrooms were completely destroyed while over 14,000 were partially damaged in the Visayas and Region 4 after Yolanda hit the Philippines. BAP President Lorenzo Tan stressed that more initiatives are currently being planned by the BAP to further help in the rehabilitation of public schools like the use of credit cards to accept donations for DepEd’s Adopt-a-School Program. “They (the donors) will be given a choice, either one time donation or 12 months, and the credit card company will take care of the rest. They really want to make sure that their donations go through the right group,” explained Tan who is also the President and CEO of Rizal Commercial Banking Corporation (RCBC). Shown in the photo are (from left) BAP Executive Director Cesar Virtusio, DepEd Secretary Brother Armin Luistro and BAP President Lorenzo Tan during the donation turnover.