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Lawrence Agcaoili - The Philippine Star
March 8, 2026 | 12:00am
Bankers Association of the Philippines president Jose Teodoro Limcaoco (center) is flanked by (from left) BAP managing director Benjamin Castillo, BAP past presidents Aurelio Montinola III, Cezar Consing, GSIS president and general manager Jose Arnulfo Veloso, Antonio Moncupa Jr., Deogracias Vistan, Nestor Tan and incoming BAP deputy managing director Elfren Sarte Jr.
STAR / File
MANILA, Philippines — The Bankers Association of the Philippines (BAP) has outlined key initiatives and strategic priorities for the year ahead, emphasizing the importance of sustained coordination.
Government Service Insurance System president and general manager Jose Arnulfo “Wick” Veloso joined the organization’s Annual Advisory Council meeting held recently.
Veloso, former BAP president, pushed for sustained coordination among financial institutions to maintain stability and strengthen public confidence.
His banking expertise has been instrumental in enhancing GSIS’ investment strategies and growing its funds for members and pensioners.
“Strong institutions are built on continuity and collaboration. When industry leaders work together, we reinforce financial stability and support long-term economic growth,” Veloso said.
During the meeting, BAP officers presented updates on ongoing programs, while former presidents offered insights and recommendations to guide the current leadership, reflecting the association’s long-standing spirit of continuity, collaboration, and stewardship.
Veloso added that he was honored to be part of the distinguished group of leaders who, across generations, have helped shape the stability, integrity, and progress of the country’s financial system.
As head of the pension fund for government workers and one of the country’s largest institutional investors, his participation highlights the alignment between the banking sector and major public financial institutions in safeguarding the broader financial system.
The meeting reaffirmed the industry’s commitment to sound governance and prudent risk management, with leaders pledging to continue working together to strengthen the Philippine banking system.
Current BAP president Jose Teodoro “TG” Limcaoco headed the discussion on the association’s initiatives and strategic priorities.
The BAP is the lead organization of universal and commercial banks in the Philippines.
The group was established on March 29, 1949 to frame rules and regulations in cooperation with the Central Bank that will increase the efficiency and effectiveness of banking services to the community; work in cooperation with other similar associations as the need arises; pool and circumvent relevant information to members; appear before any legislative, executive or regulatory body; and work with any legal body for the consideration, formulation, amendment or alteration of any law relating to banks and banking.
