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Sterling Bank of Asia (SBA), one of the country’s leading thrift banks, was recognized by the Banko Sentral ng Pilipinas (BSP) during the “2022 Outstanding BSP Stakeholders Appreciation Ceremonies” held last November 29 at the BSP Assembly Hall.

BSP Governor Felipe M. Medalla, in his message, recognized both the public and private sectors for their contribution to the implementation of appropriate, responsive, and well-calibrated policy actions.

SBA was the only savings bank among the nine award recipients cited by BSP for their outstanding participation in BSP’s Cash Service Alliance (CSA).

“We are honored to be recognized by the BSP for our strong commitment to the development and protection of the financial services industry,” said Cecilio Paul San Pedro, President and CEO of Sterling Bank of Asia. “This award is an affirmation of hard work and dedication in improving the financial well-being of our clients and every Filipino” San Pedro added.

In addition, Sterling Bank of Asia, one of the country’s leading thrift banks, has added another citation to its roster of achievements as it was presented with the 2021 Straight-through Processing (STP) Award by the Bank of New York Mellon in December 2022.

This award is a symbol of the Bank’s outstanding payment formatting performance in achieving the STP rate for 2021 MT103 payments.

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