State­ment of the BAP on the pass­ing of BSP Gov­er­nor Nestor Espe­nilla, Jr.

Sun.Star Pampanga - - NATION! -

The Bankers As­so­ci­a­tion of the Philip­pines (BAP) is deeply sad­dened by the pass­ing of Bangko Sen­tral ng Pilip­inas Gov­er­nor Nestor Espe­nilla Jr.

The BAP ap­plauds the legacy of Gov­er­nor Espe­nilla in lead­ing the bank­ing in­dus­try in the age of fi­nan­cial re­forms and dig­i­ti­za­tion which was en­cap­su­lated in his vi­sion of Con­ti­nu­ity Plus Plus. His lead­er­ship re­sulted in pro­gres­sive re­forms that now sup­port a stronger Philip­pine bank­ing sys­tem, in­clud­ing the en­act­ment of the New Cen­tral Bank Act. His fo­cus on cre­at­ing a safe, in­clu­sive, and re­li­able pay­ment sys­tem for the un­banked was ev­i­dent with the es­tab­lish­ment of the Na­tional Re­tail Pay­ment Sys­tem.

With the sup­port and guid­ance of Gov­er­nor Espe­nilla, the BAP built the Philip­pine Bank­ing Roadmap. The as­so­ci­a­tion is grate­ful to Gov­er­nor Espe­nilla for his ini­tia­tive to en­gage the in­dus­try and re­spond to its in­puts in keep­ing with the BSP’s re­form agenda.

He leaves a legacy of a stronger and more in­clu­sive bank­ing sys­tem. His de­vo­tion to his work and ser­vice to the Filipino peo­ple will be re­mem­bered.

spe­nilla fought the good fight and fin­ished the race as the BSP Gov­er­nor. His legacy and ded­i­ca­tion to the BSP and its con­stituen­cies will never be for­got­ten and his work will be a foun­da­tion in build­ing a stronger Philip­pine bank­ing in­dus­try for fu­ture gen­er­a­tions.

He will be missed.

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