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Clarify Banco Filipino rulings, Palace tells Solicitor General

Presidential spokesperson Edwin Lacierda

Malacañang will ask Solicitor General Francis Jardaleza to clarify the two opposing rulings issued by two different divisions of the Court of Appeals regarding Banco Filipino Savings and Mortgage Bank, a Palace official said Monday.

Presidential spokesperson Edwin Lacierda underscored the need for the CA to resolve the two rulings issued by the court’s Former Special 14th Division and its Former Special 10th Division on the BF case.

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Earlier this month, the 14th Division ordered the Bangko Sentral ng Pilipinas (BSP) to reopen BF and provide it with a P25-billion rehabilitation fund. But on February 14,  the 10th  division issued a ruling upholding the closure of BF.

“It’s internal. There are two divisions right now ruling on the same matter. So I think that should be resolved first by the CA,’’ Lacierda told reporters.

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He said he wanted to find out if the two divisions were dealing with the same issue when they made their conflicting rulings.

“We will ask the Solicitor General what happened, why there are two divisions of the CA ruling on the Banco Filipino case,’’ Lacierda said.

Lacierda, however, made it clear that the Palace favored the BSP position “because it believes the BSP did not commit any error when it decided to close down Banco Filipino.’’

Barely two weeks ago, President Benigno Aquino III slammed the CA ruling made by the court’s 14th Division, particularly for the speed by which the court decided on the BF case.

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TAGS: Banco Filipino, Banking, Court of Appeals, solicitor general
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