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Bacolod City, Philippines Tuesday, November 12, 2019
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Capitol grants coop bank
one year extension guv


The Negros Cooperative Bank is getting a one-year extension on their use of the 526-square meter lot at the Capitol Park and Lagoon in Bacolod City.

This was announced yesterday by Governor Eugenio Jose Lacson, in response to the appeal for consideration by the Negros Cooperative Bank.

The Sangguniang Panlalawigan of Negros Occidental had approved a resolution authorizing Lacson to demand that the NCB vacate and terminate the deed of usufruct between the provincial government and the cooperative bank, allegedly due to a breach of contract.

The cooperative bank had not paid its water and electricity bills to the provincial government, which it admitted, Lacson said.

The provincial government is planning to convert the area to be vacated by the cooperative bank December next year, into a coffee shop.

Lacson said that they will extend help to NCB in looking for a private property, that they can lease, as the provincial government cannot provide a space for them.

Confirming that they had not been paying for electric bills, Lacson said that they will correct it by putting up a sub-meter, for them to start paying their electric bills, until December next year.

As to their previous electric bills, Lacson said the provincial government will no longer require them to pay for them.

Bayona, who was then a provincial consultant and presently NCB head, explained that the NCB was a project of the province through the late governor Joseph Marañon, who told them to establish this bank to be owned by Cooperative Primaries and “to enjoy free provincial facilities in line with the law on government support for cooperatives.”

He said the late governor wanted to provide the cooperatives easier access to credit at lower interest. “All members of the board are representing our cooperatives and serve pro bono,” he said.

Bayona stressed that all profits of the bank goes to the 47 member-coop primaries in the province, from San Carlos to Sipalay cities.

He added that the members comprising about 25,000 cooperators who are farmers, teachers, government employees, and ordinary cooperators, “stand to lose if the bank loses.”

Lacson said they have yet to decide if the provincial government or a private firm will manage the coffee shop at the soon-to-be vacated NCB area.*


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