Banking groups collaborate to upskill industry workforce

The Bankers Association of the Philippines (BAP) has partnered with the Bankers Institute of the Philippines (BAIPHIL) to provide educational courses, enhancing the capability of the industry’s workforce.

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BAP president Jose Teodoro “TG” Limcaoco and BAIPHIL president Iñigo Regalado III led the signing of the memorandum of understanding (MOU) to upskill the employees and management of member banks.

“As the banking industry continues to evolve due to changes in the operating environment, there is a need for the industry’s workforce to develop their capabilities to stay ahead,” Limcaoco said.

Limcaoco, who is also president and CEO of Ayala-led Bank of the Philippine Islands, said the agreement with BAIPHIL serves to achieve the upskilling of the industry’s workforce by “ensuring each individual in the industry can maximize their potential in their respective lines of work.”

Regalado, who is also the director of the Capacity Development Department at Bangko Sentral ng Pilipinas, said BAIPHIL looks forward to working with BAP to ensure Philippine banks “remain one step ahead of the curve.”