DBP case still undergoing judicial proceedings

This refers to Numeriano F. Ronquillo’s letter titled “Urgent appeal to DBP for settlement of claims” (Inquirer, 1/26/13). In his letter, Ronquillo makes an appeal to the Development Bank of the Philippines management to settle the claims for the Bank Equity Benefit Differential Pay and the Amelioration Allowance of the petitioner-retirees, in the case of Numeriano Ronquillo et al. vs. DBP.

While the DBP acknowledges Ronquillo’s sentiments, may we clarify that this case is still covered by judicial proceedings. As such, the bank, as a party to this case, is prohibited from issuing comments or disclosures by the sub judice rule.

In the interest of truth and fairness, and to safeguard the integrity of the bank as a development financial institution, we hope that our statement regarding this issue will merit space in this widely read publication.

—ISIDRO A. SOBRECAREY, first vice president, Corporate Affairs, Development Bank of the Philippines, Sen. Gil Puyat Avenue corner Makati Avenue, Makati City