BPI’s Limcaoco is new BAP president

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BPI’s Limcaoco is new BAP president
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The Bankers Association of the Philippines (BAP) has elected Jose Teodoro K. Limcaoco of Bank of the Philippine Islands (BPI) as the group’s 2023-2024 president. ManilaBulletin

Limcaoco, who is BPI’s President and CEO, has vowed to improve the industry association’s role in ensuring the country’s financial sector stability amid a challenging economic environment both global and local.

Moncupa, who was EWB’s CEO until end-December 2022, said the BAP has been doing its part to ensure the country’s growth sustainability with emphasis on responsive financial services. Mocupa said: “Better financial intermediation will make the economy more efficient by optimizing the allocation of debt capital, improving cost efficiency for financial services, and making financial services more responsive to the growing sophistication of households and businesse. At the same time, this will make the banking system safer, more reliable, and more stable.”

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