The Bankers Association of the Philippines supports the National Government’s Philippine Sustainable Finance Roadmap led by the Department of Finance and the Bangko Sentral ng Pilipinas. Sustainable finance is a major keystone in our efforts to protect the environment and promote economic growth as long-term green investments will not just conserve our natural resources, but are envisioned to create jobs for the Filipino people. The Philippine banking system has proactively taken steps to promote sustainable finance. Since 2017, seven local banks have already issued more than $1.15 billion of green, social, and sustainability bonds, a ...
Read moreMembers of the Bankers Association of the Philippines (BAP), the Bangko Sentral ng Pilipinas (BSP), and the World Wide Fund for Nature (WWF) convened at an online CEO Forum to examine how to integrate sustainable finance into banks’ post-pandemic business activities. The event focused on the supervisory and regulatory expectations from the issuance of BSP Circular No 1085 or the Sustainable Finance Framework last April 2020. The framework subscribes to high-level sustainability principles and places accountability on the banks’ board and senior management in adopting effective environmental and social (E&S) risk management systems. ...
Read moreBAP FX USD/PHP spot market resumes on March 18, 2020
Read moreIn view of the implementation of the Enhanced Community Quarantine in Luzon, there is no trading of the BAP Spot USD/PHP today, March 17, 2020. We will release another announcement for the following day’s activity.
Read moreThe Bankers Association of the Philippines (BAP), who chairs the ASEAN Bankers Association (ABA) Permanent Committee on Banking Education, presented their banking education booking platform at the 49th ASEAN Banking Council (ABC) Meeting held in Phnom Penh, Kingdom of Cambodia. The first of its kind, the BAP Trainings Program Booking Portal allows employees from BAP member banks to access various specialized course offerings on the latest skills, practices, tools, techniques and trends in banking, which the BAP believes will improve the quality of bank services. As chairman of the Permanent Committee on Banking ...
Read more