Preamble
WHEREAS, it is a declared policy of the Government to promote and accelerate the socio-economic growth and development of Mindanao, particularly, the economically depressed provinces of Cotabato, Lanao del Sur, Lanao del Norte, Zamboanga del Sur, Zamboanga del Norte and Sulu; WHEREAS, surveys, and studies indicate a pressing need to expand the banking and credit system in the region to make it more responsive to the investments and credit requirements of this development program; and WHEREAS, it is further recognized that, ultimately sustained economic development will rely heavily on the capabilities of the people in the region to generate investments through institutional savings; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, pursuant to Proclamation No. 1081, dated 21 September 1972, as amended by Proclamation No. 1104, dated 17 January 1973 and General Order No. 1, dated 22 September 1972, as amended, and in order to effect the desired changes and reforms in the social, economic and political structure of our society, do hereby order and decree the creation of a Philippine Amanah Bank. ESTABLISHMENT AND FUNCTION