Sterling Bank recognized for outstanding contributions to the financial services sector

Sterling Bank of Asia has been recognized by the Bangko Sentral ng Pilipinas for its efforts to drive financial inclusion and improve access to banking services.

With the leadership of its president Paul San Pedro, the bank has undertaken various initiatives aimed at helping the BSP achieve its mandates.

Sterling Bank was among the four banks out of nine financial institutions recognized for paving the way for the introduction of the digital PERA platform, participating in the Cash Service Alliance (CSA) facility, pioneering sustainability in the Philippine banking industry, showing a strong commitment to the development and protection of the financial services industry, and support to the BSP Gold Buying Roadmap.

The bank, controlled by investment company JTKC Equities of the Tiu family, was also lauded for its support of the foreign exchange liberalization effort of the BSP through its continuous submission of relevant inputs on draft circulars, providing insights regarding the BSP’s periodic review of the ceilings on credit card transactions, and fostering the safety and efficiency of payment systems and the broader adoption of digital payments.

Joining Sterling bank were ATRAM Trust Corp., BDO Unibank Inc., Bank of the Philippine Islands, Maya Philippines Inc., Mines and Geosciences Bureau, Bankers Association of the Philippines, Credit Card Association of the Philippines, and Philippine Payments Management Inc.

Teddy Limcaoco named as BAP’s new president

Bank of Philippine Islands’ chief executive Jose Teodoro K. Limcaoco, has been elected as the new president of the Bankers Association of the Philippines (BAP), replacing East West Banking Corp. vice chair Antonio Moncupa Jr.