The banking and finance sector performs a critical function in the Philippine economy as it is primarily responsible for the mobilization of domestic savings and the conversion of these funds into directly productive investments. Financing the needs of firms that desire to raise productive capacity by purchasing additional capital equipment, acquiring or leasing idle property, building and expanding factories, and increasing inventory is responsible for sustaining economic growth in the long term, alongside the creation of new jobs. It is very important for the banking and finance sector to continue finding ways to encourage households to save their unspent income in various financial assets so that these resources could be used and transformed into loans that will finance the expansion of directly productive business ventures

1. Reflection paper about the learnings from Banking Industry.

2. Cite three negative economic impacts brought by the Covid-19 Pandemic and explain the role of the banking and finance sector on how to potentially help to mitigate these impacts especially in uplifting the Filipino Citizens/Entrepreneurs/Business Owners during this unfortunate situation. (You may cite relevant trends and issues from different articles to justify your argument).