BANKERS INSTITUTE OF THE PHILIPPINES (BAIPHIL)
Inaugural address of BAIPhil President Lydia C. King last July 15, 2008 at the Shangrila Hotel, Makati City.
"Turning Challenges into Opportunities - the Key to Sustainable Growth"
Gov. Amando Tetangco, Jr., MB Member lgnacio Bunye, SEC Chair, Fe Barin, distinguished guests with special mention of my boss, Mr. Nestor Tan, President - BDO, fellow BAlPhil members, ladies and gentlemen:
Thank you for joining us this afternoon and for supporting BAlPhil as we herald another year together, guided by the theme: "Turning Challenges into Opportunities - the Key to Sustainable Growth." For BAlPhil, as an organization that provides training, research and information exchange in support of the banking industry, 2008-2009 promises to be a busy term indeed. We face a tense global environment that has already begun to reel under the impact of a US-led downturn, volatile markets, and escalating fuel prices. In a developing economy like ours, the banking industry takes an ever stronger role in these times: we can be not only a steadying force but also a bold partner in efforts to maintain financial health and make continued progress possible in spite of the difficulties.
Toward this end, the BAlPhil leadership for this term has committed itself to building further on the organization's strengths and thereby be an increasingly relevant and active participant in the industry. In our recently held planning sessions, we have identified the solid advantages BAlPhil wields in the areas of training and research, organizational leadership, and membership. We must harness these strengths and translate them into results. We must continue to enhance our expertise as well as extend our network. In the spirit of service and teamwork, we must also spearhead further training and sharing of skills and knowledge among our members. We realize that, the more we lend our strength to each part of our organization, the more we enhance BAlPhil as a collective force. Continuing to feed and broaden this process is vital to the long-term strength and success of our organization.
Recognizing the advantages, however, is only half the battle. The other, more grueling half, lies in the purpose and determination with which we turn the challenges into opportunities. As globalization marches onward, new trends, system improvements, regulations, and other developments in banking - both international and domestic - should impel BAlPhil to keep pace and respond with effective research, education, and training. Moreover, we must be even more vigilant in the position we have taken to promote awareness of and compliance with good corporate governance. Our industry, banking, is one built on trust and integrity. We have a responsibility to help preserve this foundation and ensure that public confidence - an essential element in a healthy and peaceful society - remains firm and deserved.
Let me then take this opportunity to share with you our major programs for FY 2008-2009.
EDUCATION
Stemming from the belief that human capital is the bank's most important asset and that BAlPhil's primary role is that of providing continuing education to its member banks, the Education, International, Credit and Provincial Participation Committees have lined up training programs enriched with expert's contributions on various areas of bank operations. Target market shall be expanded to include rural banks, cooperatives, non-bank financial institutions and real-estate practitioners. The objective behind these open discussions is to raise awareness, update banking skills and provide insights on a multitude of current issues happening in the industry. The BAlPhil Training Institute (BTl) inaugurated its training center in March 2008. We would like to express our sincere gratitude for the donations given by the Bank of Commerce, BDO, BPI Foundation, Metrobank and PSBank. You have helped BAlPhil immediately realize its dream of establishing a broad-based center of learning for people engaged or interested in the practice of banking. The Institute’s mandate to offer short-term courses will be pursued aggressively to enable it to be at par with training institutes in the Asia-Pacific region.
RESEARCH AND INFORMATION EXCHANGE
Research activities shall be enhanced by partnering with BSP on studies related to good corporate governance.
The Legal and Tax Committee has been created to provide alerts on proposed and pending legislations and security issues affecting banking and finance. Member banks can then act on the alerts such as banding together to address issues to counter increasingly sophisticated perpetrators.
Marketing of the Real Property Database System (RPDS)' a joint project of the Credit Committee and BAP Credit Bureau, shall be intensified since this has been proven to be a valuable tool in the credit evaluation process and sale of ROPOA by participating banks.
Our monthly newsletter - the BAIPHIL Online, the daily Morning Brief on current events affecting the financial markets and the BAlPhil Website handled by the Publication, Research and Website Management Committees, respectively, shall continue to be the main Channels in allowing a dynamic exchange of information and knowledge within the industry.
NATIONAL CONVENTION AND BAIPHIL WEEK
Being a convention year, our National Convention has been scheduled on March '13-15, 2009 in view of the Presidential Proclamation of the "BAlPhil Training and Development Week" on the second week of March of each year. The Convention Committee together with the Automation, Program, Sports & BAIPHIL Week Committees will be busy discussing convention topics, guest speakers and other activities to make this event successful.
CORPORATE SOCIAL RESPONSIBILITY
BAlPhil shall sustain its noble tradition of sharing and inspiring the less fortunate sector of our society through Medical Missions in partnership with SM Foundation, Scholarship Subsidy, Donation of Computers to the needy schools and Christmas Gift-Giving initiatives of the Special Projects Committee. It shall partner with schools to conduct lectures promoting banking as a chosen career and work closely with the Manila Public Elementary School Principals' Association (MAPESPA), Inc. and Philippine Association of Colleges and Schools in Business (PACSB) to share banking experiences with the teaching staff and enrich the course syllabus on banking and finance.
It would also be interesting to note that last year, we partnered with several associations in supporting the BSP Gawad Kalinga Village. We endeavor to continue this laudable initiative by looking for additional donors to the project as well as the livelihood program of the village.
Looking further into the future, we accept that still more work needs to be done. We see challenges even in sustaining the level of interest among students who may decide to pursue professional careers in banking. That may well be for generations ahead to tackle, but the time to lay the foundation is now. BAlPhil, as it has done over generations before, is prepared to rise to the challenges of the future. The new leadership appreciates the faith and support that the organization has greeted it with. In return, we reaffirm our commitment to the mission and strategic objectives of BAlPhil. With your continued trust and active involvement, we intend to bring these goals to fruition and produce value that will benefit our industry and our economy over the long term.
In closing, I would like to thank the BSP Governor and his officialdom, as well as all the member banks for keeping faith with BAlPhil over the years so we can take on this challenge with their full support and inspiration. I thus rally the incoming Board of Directors and the BAlPhil membership to reciprocate in full measure to this encouraging show of support.
Thank you very much. Mabuhay ang BAlPhil!
http://www.baiphil.org
"Quest for Banking Excellence"
"Turning Challenges into Opportunities - the Key to Sustainable Growth"
Gov. Amando Tetangco, Jr., MB Member lgnacio Bunye, SEC Chair, Fe Barin, distinguished guests with special mention of my boss, Mr. Nestor Tan, President - BDO, fellow BAlPhil members, ladies and gentlemen:
Thank you for joining us this afternoon and for supporting BAlPhil as we herald another year together, guided by the theme: "Turning Challenges into Opportunities - the Key to Sustainable Growth." For BAlPhil, as an organization that provides training, research and information exchange in support of the banking industry, 2008-2009 promises to be a busy term indeed. We face a tense global environment that has already begun to reel under the impact of a US-led downturn, volatile markets, and escalating fuel prices. In a developing economy like ours, the banking industry takes an ever stronger role in these times: we can be not only a steadying force but also a bold partner in efforts to maintain financial health and make continued progress possible in spite of the difficulties.
Toward this end, the BAlPhil leadership for this term has committed itself to building further on the organization's strengths and thereby be an increasingly relevant and active participant in the industry. In our recently held planning sessions, we have identified the solid advantages BAlPhil wields in the areas of training and research, organizational leadership, and membership. We must harness these strengths and translate them into results. We must continue to enhance our expertise as well as extend our network. In the spirit of service and teamwork, we must also spearhead further training and sharing of skills and knowledge among our members. We realize that, the more we lend our strength to each part of our organization, the more we enhance BAlPhil as a collective force. Continuing to feed and broaden this process is vital to the long-term strength and success of our organization.
Recognizing the advantages, however, is only half the battle. The other, more grueling half, lies in the purpose and determination with which we turn the challenges into opportunities. As globalization marches onward, new trends, system improvements, regulations, and other developments in banking - both international and domestic - should impel BAlPhil to keep pace and respond with effective research, education, and training. Moreover, we must be even more vigilant in the position we have taken to promote awareness of and compliance with good corporate governance. Our industry, banking, is one built on trust and integrity. We have a responsibility to help preserve this foundation and ensure that public confidence - an essential element in a healthy and peaceful society - remains firm and deserved.
Let me then take this opportunity to share with you our major programs for FY 2008-2009.
EDUCATION
Stemming from the belief that human capital is the bank's most important asset and that BAlPhil's primary role is that of providing continuing education to its member banks, the Education, International, Credit and Provincial Participation Committees have lined up training programs enriched with expert's contributions on various areas of bank operations. Target market shall be expanded to include rural banks, cooperatives, non-bank financial institutions and real-estate practitioners. The objective behind these open discussions is to raise awareness, update banking skills and provide insights on a multitude of current issues happening in the industry. The BAlPhil Training Institute (BTl) inaugurated its training center in March 2008. We would like to express our sincere gratitude for the donations given by the Bank of Commerce, BDO, BPI Foundation, Metrobank and PSBank. You have helped BAlPhil immediately realize its dream of establishing a broad-based center of learning for people engaged or interested in the practice of banking. The Institute’s mandate to offer short-term courses will be pursued aggressively to enable it to be at par with training institutes in the Asia-Pacific region.
RESEARCH AND INFORMATION EXCHANGE
Research activities shall be enhanced by partnering with BSP on studies related to good corporate governance.
The Legal and Tax Committee has been created to provide alerts on proposed and pending legislations and security issues affecting banking and finance. Member banks can then act on the alerts such as banding together to address issues to counter increasingly sophisticated perpetrators.
Marketing of the Real Property Database System (RPDS)' a joint project of the Credit Committee and BAP Credit Bureau, shall be intensified since this has been proven to be a valuable tool in the credit evaluation process and sale of ROPOA by participating banks.
Our monthly newsletter - the BAIPHIL Online, the daily Morning Brief on current events affecting the financial markets and the BAlPhil Website handled by the Publication, Research and Website Management Committees, respectively, shall continue to be the main Channels in allowing a dynamic exchange of information and knowledge within the industry.
NATIONAL CONVENTION AND BAIPHIL WEEK
Being a convention year, our National Convention has been scheduled on March '13-15, 2009 in view of the Presidential Proclamation of the "BAlPhil Training and Development Week" on the second week of March of each year. The Convention Committee together with the Automation, Program, Sports & BAIPHIL Week Committees will be busy discussing convention topics, guest speakers and other activities to make this event successful.
CORPORATE SOCIAL RESPONSIBILITY
BAlPhil shall sustain its noble tradition of sharing and inspiring the less fortunate sector of our society through Medical Missions in partnership with SM Foundation, Scholarship Subsidy, Donation of Computers to the needy schools and Christmas Gift-Giving initiatives of the Special Projects Committee. It shall partner with schools to conduct lectures promoting banking as a chosen career and work closely with the Manila Public Elementary School Principals' Association (MAPESPA), Inc. and Philippine Association of Colleges and Schools in Business (PACSB) to share banking experiences with the teaching staff and enrich the course syllabus on banking and finance.
It would also be interesting to note that last year, we partnered with several associations in supporting the BSP Gawad Kalinga Village. We endeavor to continue this laudable initiative by looking for additional donors to the project as well as the livelihood program of the village.
Looking further into the future, we accept that still more work needs to be done. We see challenges even in sustaining the level of interest among students who may decide to pursue professional careers in banking. That may well be for generations ahead to tackle, but the time to lay the foundation is now. BAlPhil, as it has done over generations before, is prepared to rise to the challenges of the future. The new leadership appreciates the faith and support that the organization has greeted it with. In return, we reaffirm our commitment to the mission and strategic objectives of BAlPhil. With your continued trust and active involvement, we intend to bring these goals to fruition and produce value that will benefit our industry and our economy over the long term.
In closing, I would like to thank the BSP Governor and his officialdom, as well as all the member banks for keeping faith with BAlPhil over the years so we can take on this challenge with their full support and inspiration. I thus rally the incoming Board of Directors and the BAlPhil membership to reciprocate in full measure to this encouraging show of support.
Thank you very much. Mabuhay ang BAlPhil!
http://www.baiphil.org
"Quest for Banking Excellence"