BAIPhil Induction of Officers, Directors & Chairpersons


Posted in Events

BSP Gov. A.M. Tetangco, Jr. inducts BAIPhil Officers and Directors for the FY 2009-2010

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Courtesy Call. BAIPhil officers and directors for FY 2009-2010

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Board of Directors for FY 2009-2010 with BSP Governor Amando M. Tetangco, Jr. during BAIPhil’s Induction last July l5, 2010 at the Mandarin Oriental Hotel, Makati City.

BSP Governor Amando M. Tetangco, Jr. was BAIPhil’s inducting officer and guest speaker during the induction ceremonies held last July 15, 2009, 12 noon, at the Mandarin Oriental Manila, Makati City. The Governor of Bangko Sentral ng Pilipinas delivered a speech on the Institute’s theme for FY 2009-2010″, Transforming Potentials into Real Strength and Growth,” counting on BAIPhil” to be able to continuously provide quality research and training assistance to industry participants.”

BAIPhil’s theme for this term is “Transforming Potentials Into Real Strength and Growth”. This theme encapsulates the Institute’s overall thrust for the term, which is to heighten the Institute’s relevance and capability to support the industry’s growing, yet volatile, even unpredictable requirements amidst these challenging times.

Despite the current financial turmoil, there is confidence that the Philippine banking sector outlook is quite positive. Quoting from a Report on the Philippines 2009 by the Oxford Business Group, the sector is “currently in a much stronger position than ever before to weather the buffeting of the international economic climate. With a much improved asset base, higher capitalization and tighter regulation, the sector is also a lot more competitive”.

To help ensure that this positive outlook is maintained, it becomes essential that we at BAIPhil continue with our capability-building efforts, thus, aggregately increasing the banking sector’s effectiveness in helping stimulate the country’s economic growth.

BAIPhil’s response to the evolving trends and surfacing challenges is to adopt a strategy that will transform the Institute’s current capacity level to provide support to banks through education, research and information exchange into support levels of distinction, thereby largely contributing to optimized productivity in the banking sector.

The elements of this strategy are, in broad strokes:

  1. Leverage on and enhance BAIPhil’s distinctive competency in providing industry-driven training programs for the banking sector to raise its members’ human capital to levels necessary to meet the challenges brought about by fiercer competition and global recession.
  2. Enhance BAIPhil’s research capabilities through greater exchange of information among its members as well as through partnerships with other institutions.
  3. Nurture a culture that supports strategy, furthers camaraderie among the members and promotes corporate social responsibility.

Expounding a bit on the Institute’s corporate social responsibility projects, the newly inducted Board has decided to expand its social involvements to provide opportunities or venues for its socially conscious members to apply their competence in finance and banking, in imparting, savings, and money management skills to a particular sector in the community that needs the skills for a better quality of life. These opportunities to be of service to communities are to be made possible through a collaborative program spearheaded by the Bangko Sentral ng Pilipinas. For information of the general membership, BAIPhil recently signed a Memorandum of Agreement with the BSP to seal its support to the financial literacy program of the BSP. The Institute’s members will be encouraged to lend assistance in implementing chosen activities that will realize the BSP’s vision of having communities with good savings and money management habits.