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Paul Arnaldo Favila, who was appointed last month as Citi Philippines CEO and country head, has finally stepped out of the shadow of his well-known father, current Monetary Board member Peter S. Favila.
Optimism seemed to be the theme of the recent annual bankers’ night held Friday last week, as Bangko Sentral ng Pilipinas Governor Felipe Medalla assured the banking community that the Philippine banking system is “strong, stable, resilient and responsive to the evolving needs of the growing economy.”