19CD, 19F BDO Towers Valero, 8741 Paseo de Roxas, Makati City 1226, Philippines

ABA Academy

1 USD = 61.415 PHP

Bankers Association of the Philippines

The Bankers Association of the Philippines (BAP) is the lead organization of universal and commercial banks in the Philippines.

Contact Info

19CD, 19F BDO Towers Valero, 8741 Paseo de Roxas, Makati City 1226, Philippines
Tel: +632 8810-3858 to 59
Fax: +632 8810-3860
Email: bapmail@bap.org.ph

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Corporate Social Responsibility

SMBC Contributes to the Philippines’ Next Generation through Academe Support

  • January 03, 2018
Also present to witness the formal turnover of the school building were DepEd Region XI Director Atty. Alberto T. Escobarte, Security Bank Region 4 Head Jason Ang, Security Bank Mindanao I Area Head Decy N. Sarmiento, business managers from Security Bank Mindanao branches and the clients of Security Bank in Davao City. Representatives from the city government, the barangay and the DepEd division office also graced the event, together with the teachers, parents and students of DCNHS.

In its effort to encourage the active participation of young people in the future of the Philippines, Sumitomo Mitsui Banking Corporation (SMBC) – Manila Branch held lectures on Project Finance at Ateneo de Manila University on November 28, and Asia Pacific College in partnership with National University on November 29.

The topic was chosen for its relevance to President Rodrigo R. Duterte administration’s “Build, Build, Build” infrastructure campaign. Mr. Rajeev Kannan, SMBC Head of Investment Banking Department Asia which is headquartered in Singapore, came to Manila to provide the lectures with the theme, “Infrastructure Finance: The Road to Economic Growth.”

Over 200 students and faculty of the three schools – primarily from mathematical finance, economics, accounting and business management programs – learned about the basics, benefits and challenges of Project Finance. He also advised the schools on how to incorporate in their respective curricula the skills required to be part of the project finance industry, examples of which were cashflow modelling and risk management.

The lecture was not limited to the business and finance aspects of Project Finance. Mr Kannan also delved into how Project Finance can provide crucial support in the development of a nation, particularly emerging markets, which usually experience an accelerated need for reliable infrastructure.

This is SMBC Manila Branch’s first Corporate Social Responsibility activity in Manila since it opened its doors on September 1, 2015. In his opening speeches for the lectures, Mr Hiroki Nakatsuka, General Manager of SMBC Manila, emphasized SMBC’s commitment to the Philippines’ economic growth as well as providing a holistic contribution to the development of the country.