Philippines

  Bankers Association of the Philippines

Bankers Association of the Philippines
11th Floor Sagittarius Condominium Building
H.V. Dela Costa Street
Salcedo Village Makati City
Metro Manila
Philippines

Tel: 632-810 3858 / 632-810 3859
Fax: 632-810 3860
Email: secretariat@bap.org.ph

Mr Lorenzo V. Tan, President
Mr Antonio C. Moncupa, JR, First Vice President
Mr Enrico S. Cruz, Second Vice President
Ms Connie L. Justiniani, Senior Associate Director
Mr Gil A. Buenaventura, Secretary
Mr Roberto L. Panlilio, Treasurer

  New President

Mr Lorenzo V. Tan was elected as President of the Bankers Association of the Philippines (BAP) for the term 2012-2013. Prior to his election, Mr Tan was the elected Chairman of the Asian Bankers Association in November 2012.

Mr Tan is the President and CEO at Rizal Commercial Banking Corporation. He has held this position since 2007. Mr Tan has a wealth of banking experience and has held senior positions at United Coconut Planters Bank, Philippine National Bank and Sun Life of Canada (Philippines). Prior to this, he worked in various Citibank branches abroad (i.e. New York, Los Angeles and Singapore).

In 1999, Mr Tan was the recipient of the Ten Outstanding Young Men banking award in the Philippines.

  2013 Updates to Office Bearers for Bankers Association of Philippines

During the Annual General Membership Meeting of the Bankers Association of the Philippines, the following have been elected as Board of Directors and Officers of the Bankers Association of the Philippines:

First Vice President

MR  ANTONIO C. MONCUPA, JR.
President & CEO                                                 
EAST WEST BANKING CORPORATION

Second Vice President

MR  ENRICO S. CRUZ
Managing Director, Global Markets /Chief Country Officer
DEUTSCHE BANK AG

Secretary

MR  GIL A. BUENAVENTURA
President & CEO
DEVELOPMENT BANK OF THE PHILIPPINES

Treasurer

MR ROBERTO L. PANLILIO,
Managing Director/Senior Country Officer
JP MORGAN CHASE BANK, N.A-MANILA BR

Member Directors

MR NESTOR V. TAN                          
President
BANCO DE ORO UNIBANK, INC.

Member Directors

 

DR JAIME C. LAYA                             
Chairman                             
PHILIPPINE TRUST COMPANY

Member Directors

MR  AURELIO R. MONTINOLA III  
President & CEO                                 
BANK OF THE PHILIPPINE ISLANDS

Member Directors

 

MR RICARDO A. BALBIDO, JR.        
President & CEO                                 
PHILIPPINE VETERANS BANK

Member Directors

MR REYNOLD Y. GERONGAY
President & CEO
ROBINSONS BANK CORPORATION

Member Directors

 

MR MAHENDRA  GURSAHANI
Chief Executive Officer
STANDARD CHARTERED BANK

Member Directors

MR JUSTO A. ORTIZ
Chairman & CEO
UNIONBANK OF THE PHILIPPINES

Member Directors

 

MR PETER S. DEE                             
President & CEO                                 
CHINA BANKING CORPORATION

Member Directors

MR ICHIRO TADA              
General Manager                                               
MIZUHO CORPORATE BANK LTD.

Member Directors

 

MR OMAR BYRON T. MIER             
President & CEO 
PHILIPPINE NATIONAL BANK



  BAP President 2012-2013

PRESIDENT

Mr Alberto S. Villarosa
President & CEO
Security Bank Corporation


At the Annual General Membership Meeting of the Bankers Association of the Philippines held on March 26, 2012, Mr. Alberto S. Villarosa was elected as President of the Bankers Association of the Philippines (BAP) for the term 2012-2013.

Prior to his election, Mr Villarosa holds the position of the First Vice President of the BAP and chairs the BAP Capital Markets Development Committee. He also represented the Association, as an alternate to the BAP President, in the Capital Markets Development Council chaired by the Secretary of the Department of Finance.

In 2006, Mr. Villarosa was given the CEO Excel Award in the Banking and Finance Category, by the International Association of Business Communicators (IABC) Philippines in recognition of his outstanding skills in using communication tools in achieving business and stakeholder objectives.

Mr Villarosa is the President and Chief Executive Officer of Security Bank Corporation. He is also the Director of the Bank and holds several other positions within the Bank’s group of companies.

  BAP Office Bearers 2012-2013

During the Annual General Membership Meeting of the Bankers Association of the Philippines held last March 26, 2012, the following have been elected as Board of Directors and Officers of the Bankers Association of the Philippines:
President MR. ALBERTO S. VILLAROSA
President & CEO
SECURITY BANK CORPORATION
1st Vice President MR. LORENZO V. TAN
President & CEO
RIZAL COMMERCIAL BANKING CORP
2nd Vice President MR. SANJIV VOHRA
Country Officer
CITI
Secretary MR. ANTONIO C. MONCUPA, JR.
President & CEO
EAST WEST BANKING CORPORATION
Treasurer MR. ENRICO S. CRUZ
MD, Global Markets /Chief Country Officer
Deutsche Bank AG
Member Directors MR. ANTHONY Q. CHUA
President & CEO
ALLIED BANKING CORPORATION
MR. ABRAHAM T. CO
President
ASIA UNITED BANK
MR. NESTOR V. TAN
President
BANCO DE ORO UNIBANK, INC.
MR. FRANCISCO F. DEL ROSARIO, JR.
President & CEO
DEVELOPMENT BANK OF THE PHILIPPINES
MR. ARTHUR V. TY
President
METROPOLITAN BANK & TRUST COMPANY
MR. ICHIRO TADA
General Manager
MIZUHO CORPORATE BANK LTD.
MR. ANTONIO H. OZAETA
President
PHILIPPINE TRUST COMPANY
MR. RICARDO A. BALBIDO, JR.
President & CEO
PHILIPPINE VETERANS BANK
MR. MAHENDRA GURSAHANI
Chief Executive Officer
STANDARD CHARTERED BANK
MR. CESAR O. VIRTUSIO remains to be the Executive Director of the Bankers Association of the Philippines.

  SME Risk-Based Lending Online Program

The Ateneo Bankers Association of the Philippines (BAP) - Institute of Banking, has put in place the 3rd run of the "Capability Building on SME Risk-Based Lending" online program. This program offers a customized approach in the credit assessment of small and medium enterprises(SMEs).

This online course (equivalent to 1-day training) reexamines established credit principles and processes, and refocuses these for effective SME lending applicability.

This program will run from 24 October to 28 October, 2011. Program Investment Fee is USD 110.00

For more details and information please refer to the website:
http://www.cce.ateneo.edu/course/capability-building-sme-risk-based-lending
or email Ms. Mondessa "Deck" Salas at msalas@aps.ateneo.edu.

  BAP Office Bearers 2010

During the Annual General Membership Meeting of the Bankers Association of the Philippines held last March 22, 2010, the following have been elected as Board of Directors and Officers of the Bankers Association of the Philippines:

    MR. AURELIO R. MONTINOLA III
    President & CEO
    BANK OF THE PHILIPPINE ISLANDS

    MR. ALBERTO S. VILLAROSA
    President & CEO
    SECURITY BANK CORPORATION

    MR. MARK REDMAYNE P. WATKINSON
    President & CEO (Phils.)
    THE HONGKONG & SHANGHAI BANKING CORP.

    MR. OMAR BYRON T. MIER
    President & CEO
    PHILIPPINE NATIONAL BANK

    MR. ROBERTO L. PANLILIO
    Managing Director/Senior Country Officer
    JP MORGAN CHASE BANK

    MR. ANTHONY Q. CHUA
    President & CEO
    ALLIED BANKING CORP.

    MR. ABRAHAM T. CO
    President
    ASIA UNITED BANK

    MR. PETER S. DEE
    President & CEO
    CHINA BANKING CORPORPORATION
    MR. SANJIV VOHRA
    Country Officer
    CITI

    MR. REYNALDO G. DAVID
    President & CEO
    DEVELOPMENT BANK OF THE PHILIPPINES

    MS. CONSUELO D. GARCIA
    Managing Director/Country Manager
    ING BANK, N.V.

    MR. ANTONIO S. ABACAN, JR.
    Chairman
    METROPOLITAN BANK & TRUST COMPANY

    MR. LORENZO V. TAN
    President & CEO
    RIZAL COMMERCIAL BANKING CORP.

    MR. RAMON Y. SY
    President & CEO
    UNITED COCONUT PLANTERS BANK

    MR. MASAKAZU MIZUTANI
    General Manager
    THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

  New BAP Executive Director

MR Cesar O. Virtusio, the new BAP Executive Director, was until 2009 Adviser to Dresdner Bank and Dresdner Kleinwort and was prior to that the Bank’s Chief Representative in the Philippines. He was with the Dresdner Bank Group in Germany, Hong Kong, Singapore and the Philippines, in various senior posts in corporate and investment banking. In between, he held a senior management position in Banque National de Paris’ Wealth Management division in Hong Kong. He also held management positions in Citibank Manila after participating in the Bank’s Executive Development Program.

He succeeded Mr. Leonilo G. Coronel as BAP Executive Director effective March 1, 2010.

  Capacity Building for SME Risk Based Lending

The Ateneo-BAP Institute has launched a 5-day online course on SME Risk Based Lending. This course offers a customized approach in the credit assessment of small and medium enterprises (SMEs). It reexamines established credit principles and processes, and refocuses these for effective SME lending applicability. The alternative credit assessment approaches and activities the course provides deviate from the traditional evaluation processes used for commercial credit applicants; recognizing the uniqueness of SMEs as a business sector.

Fee : USD 110
Date : March 15 - 19, 2010

For more information, please visit : cce.ateneo.edu
You may also call Deck Salas at +63 02 8402770 or Marleth Calanog at +63 02 8401242
Email msalas@aps.ateneo.edu or cce-abib@aps.ateneo.edu

  National Association of Securities Broker Salesmen, Inc. (NASBI)

On 13 November 2009, the Securities and Exchange Commission approved the registration of the National Association of Securities Broker Salesmen, Inc also known as NASBI. NASBI is a non-profit association of individual broker salesmen organized by the Bankers Association of the Philippines (BAP) with assistance from other organizations which included the Money Market Association of the Philippines (MART) and the Investment House Association of the Philippines (IHAP).

NASBI can now take on the lead of promoting the interest of our broker salesmen, in particular, and the investing public, in general. Unlike institutions-based membership such as the BAP, MART or IHAP amongst others, NASBI’s membership is on an individual basis. Membership is targeted at those who have passed the examination and have been licensed as securities salesmen by the SEC. It is envisioned that MART will remain the prime mover and anchor of the dealers market, and NASBI will be the enabler, guide and advocate for the broker and salesmen.

Membership. NASBI membership is on an individual basis. The broker salesman himself, not the institution, shall be eligible to be a member of NASBI. Broker Salesman means a natural person employed by a Broker and/or Dealer Institution to buy or sell securities for the account of qualified and/or public investors and who is licensed and registered as a broker salesman by the SEC. All eligible recently licensed broker salesmen are encouraged and invited to apply for membership with NASBI in order for them to take part in all activities and undertakings of the association. Membership fee is set at PhP500 per broker salesman.

Guiding Principles. Broker salesmen have the paramount duty of advancing and protecting the interest of their customer investors and towards this end the broker salesmen shall promote and abide by the principles of full disclosure, transparency, suitability, segregation and best execution in the conduct of their trade.

Mission. NASBI is an advocacy organization with the mission to:
1. Professionalize the broker salesmen
2. Educate and deepen the investor base
3. Actively participate in the development of securities appropriate for public distribution
4. Support and further promote initiatives directed towards capital market development
5. Safeguard the investor’s right to disclosure and transparency.

Function
1. To educate broker salesmen on the laws, rules, regulations, conventions and best practices in the sales and distribution of securities
2. To educate the investors on the opportunities and risks of securities investments
3. To represent and promote the interest of broker salesmen
4. To develop and participate in the crafting of rules, regulations and conventions governing the sales and distribution of securities to the public

Initial Funding. Initial funding was provided by the BAP through the recommendation of the BAP Capital Markets Development Committee in the amount of Pesos: Five Hundred Thousand (PhP500,000.00) for the registration of NASBI and to fund its initial operations. Other organizations like MART and IHAP, which are represented in the BAP Capital Markets Development Committee, have likewise expressed their support in kind to assist the administrative requirements of the organization.

Sources of Funds. Sources of funds include membership fees and dues, revenue generated from trainings, reviews, continuing education programs, investor briefings etc.

Board of Directors and Officers
President Ms. Ursula A. Alano SVP,
Treasury Marketing Division
Banco De Oro
Vice President Mr. Celso Bernard G. Lopez EVP,
Distribution Group Head
East West Bank
Secretary Ms. Ma. Lourdes S. Liwag
FVP, Division Head, Treasury – Global Distribution & Advisory Division
Rizal Commercial Banking Corporation
Treasurer Ms. Josefina T. Tuplano
SVP, Head of Investment Marketing and Distribution Division
Metropolitan Bank and Trust Company
Member Directors Ms. Ruth B. Bandera
VP, Securities Distribution Division
BPI Capital
Mr. John B. Escolin
AVP, Investment Banking/Treasury
BDO Capital
Ms. Lourdes Patricia P. Felipe
Director / Head of Financial Markets Sales, Financial Markets
ING Bank N.V.
Mr. Manuel A. Goseco
Director, Financial Markets Sales, Financial Markets
Standard Chartered Bank
Ms. Rose Adela T. Quitoriano
SAVP, Treasury
Development Bank of the Philippines
Ms. Lily I. Reyes-Lao - Director
SAVP, Treasury Group – Treasury Business Center
China Banking Corporation
Mr. Grahambell G. Tacda
Manager, Treasury
Multinational Investment Bancorporation


NASBI Committees and Chairpersons
Executive Committee Ms. Ursula A. Alano
Membership Committee Ms. Ma. Lourdes S. Liwag
Finance Committee Ms. Josefina T. Tuplano
Education Committee Mr. Celso Bernard G. Lopez
Sales and Distribution Committee Ms. Ruth B. Bandera
Ethics Committee Mr. Grahambell G. Tacda
Regulatory and Liaison Committee Mr. Manuel A. Goseco



  Forum on E-Money/E-Commerce in Banking

In the last quarter of 2009, the Bankers Association of the Philippines, in collaboration with Ateneo Center for Continuing Education, and the Bankers Institute of the Philippines, (BAIPHIL), organized a forum to update the deans and professors of the business schools of various universities belonging to the Philippines Association of Collegiate Schools in Business (PACSB).

The forum touches on the use of E-Money/E- Commerce in banking as well as the latest updates on technological changes unfolding in the banking industry. The objective of the forum is to equip the professors of the business schools to cascade the latest developments in banking to their students.

Prior to this forum, BAP, BAIPHIL, and Ateneo also conducted a seminar on “Money Market and Fixed Income Instruments” to business students of Wesleyan University, a member of the PACSB.

  BAP New Board of Directors

The Bankers Association of the Philippines (BAP) elected a new Board of Directors during its Annual General Membership meeting held on 30 March, 2009. Mr. Aurelio R. Montinola III and Mr. Jesus A. Jacinto, Jr. were re-elected President and First Vice-President, respectively. Mr. Montinola is serving his second term as President and Mr. Jacinto is serving his fourth term as Vice President. Other BAP Directors who were elected to officer posts are Mr. Mark P. Watkinson as Vice President, Mr. Justo A. Ortiz as Secretary and Mr. Antonio C. Moncupa, Jr. as Treasurer.

The composition of the 15-man BAP Board for the 2009-2010 term is as follows:
1.   ANTONIO S. ABACAN JR. Chairman, Metropolitan Bank & Trust Company
2.   RICARDO A. BALBIDO JR. President & CEO, Philippine Veterans Bank
3.   ABRAHAM T. CO President, Asia United Bank
4.   REYNALDO G. DAVID President & CEO, Development Bank of the Philippines
5.   CONSUELO D. GARCIA Country Manager/ Managing Director, ING Bank, N.V.
6.   JESUS A. JACINTO JR. Vice Chairman, Banco DeOro
7.   MASAKAZU MIZUTANI General Manager, The Bank of Tokyo-Mitsubishi UFJ, Ltd.
8.   ANTONIO C. MONCUPA JR. President & CEO, East West Banking Corporation
9.   AURELIO R. MONTINOLA III President & CEO, Bank of the Philippine Islands
10. JUSTO A. ORTI Z Chairman and CEO, Union Bank of the Philippines
11. ANTONIO H. OZAETA President, Philippine Trust Company
12. LORENZO V. TAN President & CEO, Rizal Commercial Banking Corporation
13. ALBERTO S. VILLAROSA President & CEO, Security Bank Corporation
14. SANJIV VOHR A Country Officer, Citi
15. MARK P. WATKINSON President & CEO, The Hong Kong and Shanghai Bank Corporation

  BAP Education Chairman

Mr. Alberto S. Villarosa has been re-appointed Chairman of the BAP Education Committee. This is his second term as Chairman of the ASEAN Banking Council Permanent Committee on Education. Mr. Villarosa had also served as the ABC Banking Education Committee Chairman in 2004 and 2005.


  BAP-PICPA Memorandum of Agreement (MOA)

The Bankers Association of the Philippines (BAP) and the Philippine Institute of Certified Public Accountants (PICPA) signed on Wednesday, 22 April 2009 at the BAP Headquarters the Memorandum of Agreement (MOA) to highlight the collaboration of  the two institutions in promoting the use of auditors or accounting professionals who are duly certified by the Bangko Sentral Ng Pilipinas (BSP) and the Securities & Exchange Commission (SEC) to audit the Financial Statements of corporate borrowers of banks.

The Accord is premised on Circular 439 as amended, issued by the BSP which require that in rating corporate borrowers with total assets of more than P15Million, only audited financial statements prepared by auditors accredited by the SEC, or BSP, or Insurance Commission shall be acceptable. The MOA likewise, underscores the need for the Audited Financial Statements to be a very credible basis for credit extension, amongst other requirements. To attain this objective, PICPA will ensure that all accounting professionals within its membership are suitably trained in global accounting standards and procedures.

Signing the MOA are (seated from left to right) Mr. Francisco Gonzalez, PICPA Executive Director; Mr. Francisco Tacandong, PICPA President; Mr. Omar Byron Mier, BAP Risk Management Committee Chairman; and Mr. Alexander Patricio, Credit Risk Subcommittee Chairman