The Bankers Association of the Philippines (“BAP”) announces the signing of a Memorandum of Understanding (“MOU”) with the Bankers Institute of the Philippines (“BAIPHIL”), the leading training institute in the country for enhancing the capability of banks through providing educational courses.
Under the MOU, BAP and BAIPHIL will collaborate to conduct capacity-building sessions for the benefit of employees and management members of BAP member-banks. These sessions will touch on industry-specific topics such as:
In addition, BAP and BAIPHIL will collaborate to conduct research on banking, finance and economic-related matters. The two organizations will also collaborate on projects related to mutually held advocacies such as digital finance, financial literacy, financial inclusion, and sustainable finance.
“As the banking industry continues to evolve due to changes in the operating environment, there
is a need for the industry’s workforce to develop their capabilities to stay ahead,” said Jose
Teodoro K. Limcaoco, President of BAP. “The MOU with BAIPHIL serves to achieve this
objective by ensuring each individual in the industry can maximize their potential in their
respective lines of work.”
“With this MOU, we are aligning our learning and development initiatives with the real and
emerging needs of the industry. It is grounded in resilience, digital fluency, and ethical
leadership. This is not just about skills training. It is about shaping a generation of professionals
who can lead with clarity and purpose in an increasingly complex world. We are proud to work
with BAIPHIL in turning this vision into a concrete and sustained program,” said Jerry Ngo,
Chair of the BAP Education Committee.
“The need to upskill one’s capabilities is greater than before, given the ongoing trend of further disruption that would take place in the banking industry. It is likely that the industry five to ten years from now may be entirely different from what it is today,” Iñigo L. Regalado III, President of BAIPHIL, said. “Therefore, BAIPHIL looks forward to working with BAP to ensure the success of the MOU — ensuring Philippine banks remain one step ahead of the curve.”
