##cent are green, 13 percent are social, and 12 percent are sustainability - labelled bonds. these numbers are noticeably higher than the amount outstanding a year ago, totaling us $ 915 billion. yet, the size of the sustainability bond market still proves to be small relative to conventional comparators, which has a total outstanding size of us $ 127. 6 trillion. meanwhile, in terms of issuers of sustainability bonds, financials account for 41 percent, followed by non - financial corporates with 29 percent, and the official sector including supranational with 21 1 / 2 bis central bankers'speeches percent share. this profile suggests that the sustainable debt market is still dominated by nonsovereign government institutions. thus, the challenge now is how to further promote wider participation from various sectors of the economy to facilitate the transition to a sustainable environment. as a response to this challenge, a great deal of policy and regulatory initiatives, on a national, regional, and global scale, are already underway. these measures have been adopted to promote sustainability awareness across the different sectors of the economy. omfif, under its sustainable policy institute, has been tracking these developments. these initiatives show the growing recognition of sustainability principles in one ’ s strategy and processes. the objective of these initiatives is to strengthen resiliency against any kind of risk, be it financial or non - financial, and contribute to the long - term well - being of the economy. 2 / 2 bis central bankers'speeches

amando m tetangco, jr : banking on governance for growth and stability speech by mr amando m tetangco, jr, governor of the central bank of the philippines ( bangko sentral ng pilipinas ), at the rural bankers association of the philippines ( rbap ) 2009 national annual convention, manila, 15 may 2009. * * * ladies and gentlemen of the rural bankers association of the philippines led by mr. tomas gomez iv, outgoing president, and mr. omar andaya, incoming president of rbap, supporters and advocates of our rural banking sector, colleagues from the bangko sentral, special guests, members of media, ladies and gentlemen, good morning. we at the bangko sentral ng pilipinas join you in celebrating 56 years of rural banking in the philippines. this is 56 years of partnership with local communities in invigorating countryside development – a fruitful partnership that has seen our rural communities grow and develop alongside rural banks. indeed, key indicators for the rural banking sector show steady growth even in the midst of the global financial crisis and the closure of a number of rural banks engaged in unsafe and unsound banking practices. among others, the operating network of rural banks continues to increase. as of end december 2008, the network of rural and cooperative rural banks, consisting of head offices and branches, was at 2, 148, higher than 2, 133 in 2007. while there was a net decline in the number of head offices from 727 to 703 as a result of closures and mergers, this was more than offset by the increase in the number of branches. the net effect is a larger network capable of delivering banking services directly to a wider market. in addition, rural banks are exhibiting greater innovation and dynamism by seizing opportunities presented by technology. the industry enhanced its banking services delivery with the installation of more automated teller machines ( atms ) : from only 83 in 2007 to 113 as of end december 2008. a number of rural banks have also ventured into electronic banking to beef up delivery of financial services : the number of rural banks offering e - banking services such as cash cards and mobile banking have increased to 47 in 2008, from only 5 banks in 2005. it is important to note that the increasingly broader and deeper reach of rural banks, comes at a time when bank deposits in all but one of the regions were on the rise. consolidated deposits of 6 million savers with rural banks as of end december 2008 reached more