Directives Governing Creation of the Philippine Amanah Bank

April 8, 1974

LETTER OF INSTRUCTIONS NO. 182

Pursuant to the provisions of Presidential Decree No. 264 dated August 2, 1973, creating the Philippine Amanah Bank; and in line with the policy of the Government to hasten the economic development of Mindanao, I hereby issue the following orders: cdt

1. I hereby designate Dr. Mamitua Saber, Executive Vice President, Philippine Amanah Bank and concurrently Acting Officer-in-Charge of the Philippine Amanah Bank, vice Mr. Tauti Derico and as such he is directed to perform the specific instructions hereunder, as follows:

a. Establish the offices of the Philippine Amanah Bank in Manila and in Zamboanga City, and the branches thereof in the cities of Cotabato, Marawi and the town of Jolo and employ the necessary personnel to man these offices and branches.

b. In coordination with the Chairman of the Inter-Agency Task Force for the rehabilitation of Jolo, prepare and implement a policy for emergency loans to the residents of Jolo;

c. Contract the necessary services for the preparation of the PAB offices and branches, including the lease of premises and/or buildings thereof, and the procurement of necessary supplies and equipment.

d. Maximize the number of trainees of the Philippine Amanah Bank for the immediate operations of the bank in other designated areas and for their possible employment in other government financial institutions; cd

2. In view hereof, the Acting OIC, Philippine Amanah Bank is hereby authorized to appropriate and disburse funds of the Philippine Amanah Bank, subject to availability thereof, and to auditing and accounting requirements.

DONE in the City of Manila, this 8th day of April, in the year of Our Lord, Nineteen Hundred and Seventy-Four.