The History of BAIPhil


The BANKERS INSTITUTE OF THE PHILIPPINES, Inc. (BAIPHIL) was founded in 1941 as a non-stock, non-profit corporation under the name National Association of Bank Auditors and Comptrollers (NABAC), primarily with the goal of increasing the efficiency and uniformity in bank accounting, auditing and operations among banks. Its founding members were the Philippine National Bank, First National City Bank (now Citibank), Philippine Trust Company, Agricultural and Industrial Bank (now Development Bank of the Philippines), Bank of the Philippine Islands, Monte de Piedad & Savings Bank and China Banking Corporation.

The association was subsequently renamed the Association of Bank Audit, Controls and Operations in early 1962. The name, Bank Administration Institute (Philippine Chapter), was adopted in January 1968 to reflect more accurately its broadened membership base and more comprehensive functions and programs and to identify it as an affiliate of the Bank Administration Institute-USA, an international organization based in Chicago.

In July 2001, the Institute was renamed Bankers Institute of the Philippines, Inc. (BAIPHIL), and its Articles of Incorporation and By-Laws were amended to conform with the closure and dissolution of the U.S. Bank Administration Institute.

BAIPHIL is a member of the Asian Pacific Association of Banking Institutes (APABI) and has its permanent office at TRB Tower along Roxas Boulevard housing its Secretariat, a conference/training room and a library.

From a small circle of mostly accountants and auditors, the Institute has evolved into a prestigious and respectable bankers’ organization. It now boasts of sixty-one (61) institutional members composed mostly of universal, commercial, foreign, thrift and government banks. It also has more than 300 key bank executives as associates and sustaining life members who have been actively participating in its various projects.

Throughout the seven decades of its existence, the Institute has lived up to its mission of providing support to banks towards productivity enhancement through research, information exchange and education. It has been developing and conducting trainings, workshops, and learning sessions to inform, update and upgrade the Filipino bankers’ knowledge and expertise.

Among others, it helped prepare the groundwork for smooth transitions of the local banking industry toward critical phases and dramatic changes by equipping the members with the necessary tools and skills, such as the entry of ATMs in the Philippines; the shift from manual check clearing to the MICR system; and the implementation of the electronic clearing system. Accomplishments include the mandate given by the Bankers Association of the Philippines (BAP) to BAIPHIL for the standardization of check sizes and layouts in 1965 and its membership in the Joint MICR Commission together with the Central Bank of the Philippines and the BAP.

In recognition of BAIPHIL’s unflagging efforts towards continuous education for the banking community and the public it serves, a humble seed fund of P100,000 was raised for the establishment of the Training Center in 1991 – a timely and most fitting tribute to the Institute on its golden year.

In the international scene, the Institute has played host to three Pacific Rim Conferences (1980 and 1982). In 1999, BAIPhil won the bid to host the 2000 Asian Pacific Association of Banking Institutes (APABI) Conference. It was a perfect venue for sharing technology and training programs with other countries and once again put to test the capability of the Institute in coordinating Asean conferences.

Counting itself as a partner towards sustained economic growth (its theme for FY1995-96) and of its critical role in the task of nation building through a fortified economy, the Institute specially geared its resources towards responsive banking in the new millennium (FY 1996-97) and prepared the groundwork towards making Philippine banking responding to global challenges (FY1997-98) during the last five years. Since then, it accelerated the implementation of programs to empower its members and its ever-expanding public with the knowledge and skills needed to manage change, most notably in the field of information technology.

With the theme Bank to Basics in 1998-99, the Institute rallied towards a return to trust in banking, the very foundation of the industry that holds the privilege of keeping and managing public funds. It was also during this FY that the BAIPHIL Cebu Chapter was established.

Prompted by the severe repercussions of global recession and the Asian crisis, the Institute took a bolder leap forward when it assumed the monumental task of preparing banks for the future in FY 1999-2000. As we faced the dawning of the 21st Century, the BAIPHIL office automation system was upgraded to be Y2K compliant. It participated actively with BAP and BSP on the Y2K awareness and education of banks. It re-launched the BAIPHIL Training Center, convened the BTI Board of Advisers and renovated the BAIPHIL office to allow the conduct of the BTI courses.

During fiscal year 2000 – 2001, the Institute redefined bank excellence in the 21st century and upheld its tradition of leadership excellence as the education and research arm of the banking industry by institutionalizing the industry’s best practices. Banking integrity, transparency, corporate governance, risk management, asset quality, internet technology, e-commerce, and e-banking were the buzzwords of this term.

On its diamond year, BAIPHIL adopted the theme, BAIPHIL 60 years: Towards A Revitalized Banking Industry to commemorate and celebrate its Diamond Anniversary. That year’s theme embodied the Institute’s commitment to help in uplifting the condition of the banking industry in the latter’s struggle to remain resilient in the face of economic and political downturns.

Another milestone was the completion of the Real Property Database System (RPDS), a carry-over of the project started by the previous year’s officers. This project was launched with the institutional collaboration of the Bankers Association of the Philippines and BAP-CIBI. Also formalized was the linking of efforts with PDIC for Savings Consciousness and Computer Literacy Programs.

In FY 2002-2003, BAIPHIL, in pursuit of Championing Corporate Governance in Banking, was awarded the accreditation as a Training Provider for the Corporate Governance Course mandated by BSP Circular 296. In a very short span of time, it has been at the forefront of its peers in the industry in championing corporate governance in banking. During the year, it conducted twenty training sessions attended by 707 Directors and senior officers of commercial, thrift, rural and development banks in Metro Manila, Southern and Northern Luzon and Visayas.

Still in the relentless pursuit of its mission and in recognition of the importance of corporate governance, BAIPHIL fittingly adopted the theme “Good Governance: Beyond Regulatory Compliance” for FY 2003-04. The aim was to bring the member-banks deeper into making good governance a way of life in the banking industry. During this year, BAIPHIL was a partner institution in hosting the prestigious Asia Pacific Bankers Congress (APBC) in Manila.

The BAIPHIL Website was launched as the official avenue to reach out to the membership and to the banking industry regarding the Institute activities and seminar offerings. You may now log on at You may now log on at www.baiphil.org for this information.

On its 64th year, the Institute intensified its campaign at preserving and furthering the gains achieved by corporate governance efforts, reiterating its commitment at fostering uprightness and promoting standards and best practices in the banking sector with its theme for FY 2004-2005: Effective Risk Management: An Imperative for Good Governance. It likewise pursued definite proactive moves to fulfil its corporate citizenship thrust to make BAIPHIL a relevant and integral part of Philippine society.

For FY 2005-2006, BAIPHIL launched the theme of “Promoting Greater Transparency, Accountability and Fairness towards Strong Governnace” to underscore its support for the governance reform initiatives of Bangko Sentral ng Pilipinas which are focused at directing intensified efforts towards adherence to enhanced standards on transparency, accountability and fairness, to further fortify the financial system and its competitive edge in the global arena.

While sustaining its focus towards greater transparency, accountability and fairness towards strong governance, the Institute is constantly vigilant and cognizant of the need to keep pace with an increasingly integrated financial world, as it commits to spearhead concerted efforts of the banking sector in “Moving towards Global Banking Compliance.”

On its 66th year, BAIPHIL remains steadfast in its commitment to be the leading institution serving the training needs of the banking industry. With proactive leadership and dedicated membership immersed in mainstream banking, the task of continuing the journey of enhancing internal governance is construed as a challenge to be pursued with missionary zeal and firm resolve.

As the Institute marked its 67th anniversary, it fuelled the renewed enthusiasm of its members to conquer greater heights and unexplored frontiers “turning challenges into opportunities. . . ” knowing that this is “the key to sustainable growth.”

As if in seamless fashion, having sustained the perfect launching pad of identified opportunities, the leadership of FY 2009 – 2010 affirmed a solid position to “transform potentials into real strength and growth,” which resulted in a revised Mission Statement, the formulation of a Vision Statement and identification of prescribed Core Values.

“BAIPHIL @ 70″ aims at “Empowering the Banking Industry through Continuing Education, Innovation and Research” as the Institute reaffirms its commitment to be the banking industry’s prime mover in providing training, information exchange and updates on technological development and related interests.

After marking 7 decades of distinguished service in the banking industry, BAIPHIL beyond 70: Taking Stock, Harnessing strengths, Moving ahead, explores new avenues and non-traditional channels in the realm of continuing education, research and informative exchange. It has registered its presence in Asia-Pacific reqion’s banking conferences making known the Institute’s initiatives in training and continuing education. It has anchored and coordinated training programs in microfinance for the State Bank of Vietnam with the objective of strengthening regulation and supervision.

In the local scene, along with BMAP, it co-hosted with Asian Banker and Google a workshop for bank marketing officers on “Marketing Financial Products to the Internet Generation.” For several years now, BAIPHIL has pursued as a Corporate Social Responsibility project the sponsorship and co-hosting of programs in support of Bangko Sentral ng Pilipinas’ Financial Education Program (FEP) for Parents and Teachers of Schoolchildren.

With the theme, Levelling Up: Linking Action with Vision for FY 2012-2013, the Institute focused on four thematic priorities referred to as “REAP” or Research and Information Exchange Programs, Education Programs, Admin Support Programs, and Partnership Programs. All the programs under these themes are in line with the Institute’s vision and mission, and further elevates BAIPHIL’s role to society. A stellar example is the expansion of FEP to include spouses and children of OFWs. This is in partnership with BSP and OWWA to help overseas Filipinos ands their families put their hard-earned money to optimal use. Another level up in its educational programs was the-reaccreditation of BAIPHIL as Corporate Governance Seminar Provider in compliance with the revised course syllabus prescribed under Memorandum No. M-2012-026 issued on June 4, 2012. The Institute has also sealed partnership with member institutions such as CARD-MRI Development Institute, Inc. (CMDI) on the outsourcing of their training requirements.

To support banks towards productivity enhancement, the REAP programs once again come into play with the improvement of daily BAIPHIL Market Watch and the bi-monthly Legal/Regulatory updates, the introduction of BAIPHIL Credit e-Digest (CREED) and Legal Briefs, and the introduction of BAIPHIL Skills Empowerment Series which focuses on Soft Skills training. 2013 also marks the issuance of the BAIPHIL Operations Manual.

BAIPHIL embarked on initiatives which further took the Institute forward. The revival of the BAIPHIL Festival of Bank Chorales after 34 years showcased the singing prowess of its member banks’ deep talent pool. The first BAIPHIL Green Bank Challenge has encouraged member banks to adopt environment-friendly practices for their respective offices.

BAIPHIL’s first coffee table book titled “Beyond 70. In Full Flower Yet Continues to Take Root” chronicles the journey of BAIPHIL alongside some of the peaks in the rich financial history of our country. Its release marked one of the major achievements of the Institute.

BAIPHIL looks forward to the next seventy years with renewed enthusiasm and commitment to be of meaningful service to the banking industry.