To the Bangko Sentral ng Pilipinas, the BAIPHIL is a long-standing partner in strengthening the Philippine banking sector by enhancing productivity through research, information exchange and education. Indeed, through its continuous development and conduct of appropriate training programs, BAIPHIL has been upgrading the knowledge and expertise of banking professionals.
In other words, BAIPHIL plays a major role in keeping Philippine bankers abreast of global bank standards and practices. This is a very important function. The banking sector is the pillar of our financial system as it remains the primary source of funds for our business sector, drawing, in turn, from funds entrusted to it by investors, creditors, and depositors.