Bankers Association Of The Philippines

What Bankers Association Of The Philippines does

The Bankers Association of the Philippines (BAP) is a non-stock, not-for-profit industry association founded in 1949 and SEC-incorporated in 1964, serving as the lead coordinating body for universal and commercial banks in the Philippines. Its membership comprises 43 banks — 19 local institutions and 24 foreign bank branches — spanning effectively the entire regulated commercial banking sector. Rather than serving external customers, BAP provides shared financial market infrastructure, benchmark administration, industry advocacy, and workforce development directly to its member banks and, indirectly, to the broader Philippine banking public.

BAP's operating substance sits in a portfolio of critical market infrastructure. It owns and administers the BAP USD/PHP Spot Benchmark Rate — registered with the Intellectual Property Office of the Philippines and calculated by Bloomberg (calculation and publication agent since a December 2018 MOA) as a transaction-volume-weighted average of qualifying member-bank FX trades — alongside Government Securities benchmark administration. It operates two BSP-designated systemically important payment systems: the Philippine Domestic Dollar Transfer System (PDDTS, operational since 1995) and the Payment-versus-Payment System (PvP, since 2003), run in partnership with Citi Philippines and PCHC. BAP also controls core operating subsidiaries including the PDS Group (PDEx, PSSC, PDTC), the BAP Credit Bureau, and BAP Credit Guaranty Corporation, and delivers training via the Ateneo-BAP Institute of Banking and BAIPHIL.

As a non-stock, not-for-profit entity, BAP does not charge membership fees; its operations are funded by member banks. It is governed by a Chairman (Paul Raymond A. Favila of Citi Philippines) and a President, with Ana Aboitiz Delgado (UnionBank CEO) appointed for the 2026-2027 term. There is no traditional revenue model, go-to-market motion, or pricing structure; value is delivered through direct membership services and financial market infrastructure operated on behalf of the industry.

Name

Bankers Association Of The Philippines

Legal name

Bankers Association of the Philippines

Website

https://bap.org.ph

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Short description

A non-stock, not-for-profit industry association founded in 1949 that coordinates the Philippine banking sector, administering FX and government-securities benchmarks and systemically important payment systems for its 43 universal and commercial member banks.

Ownership category

akta.pro rank

Product category

Banking Industry Association

akta.pro primary industry

Account Opening, KYC/AML & Customer Due Diligence (CDD/EDD) (FSABALAA)

Keywords

• Banking industry association
• FX benchmark administration
• Payment systems infrastructure
• Financial market infrastructure
• Banking industry advocacy

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels1 record

Core offering

BAP is the lead non-stock, not-for-profit industry association of universal and commercial banks in the Philippines, representing 43 member banks (19 local and 24 foreign). It administers the BAP USD/PHP Spot Benchmark Rate, operates the systemically important Philippine Domestic Dollar Transfer System (PDDTS) and Payment-versus-Payment (PvP) System in partnership with Citi Philippines and PCHC, delivers banking workforce training and certification programs, and conducts industry advocacy and cybersecurity coordination for the Philippine banking sector.

Product overview

The Bankers Association of the Philippines (BAP) is a non-stock, not-for-profit organization representing 43 universal and commercial banks (19 local and 24 foreign). Rather than a single product, BAP operates a portfolio of critical financial market infrastructure and services: the Philippine Domestic Dollar Transfer System (PDDTS) and Payment-versus-Payment (PvP) System are systemically important payment systems managed with Citi Philippines and PCHC; the BAP USD/PHP Spot Benchmark Rate provides FX price discovery via Bloomberg; and the PDS Group subsidiaries manage securities exchange and settlement. Supporting services include BAP Credit Bureau and BAP Credit Guaranty Corporation for credit information, the BAP Trainings Portal for professional development via BAIPHIL and Ateneo-BAP Institute of Banking, and the #CyberSafe cybersecurity initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Philippine Domestic Dollar Transfer System (PDDTS) A designated systemically important payment system operated by BAP in partnership with Citi Philippines and PCHC, facilitating domestic dollar transfers among member banks.
• Payment-versus-Payment System (PvP) A systemically important payment system operated by BAP with Citi Philippines and PCHC, designed to reduce cross-currency settlement risk between transacting parties.
• BAP USD/PHP Spot Benchmark Rate The official FX benchmark rate for the US Dollar-Philippine Peso spot market, registered with the Intellectual Property Office of the Philippines as the BAP AM Spot Weighted Average. Calculated as the transaction volume weighted average of qualified FX transactions executed by BAP member banks between 9:00AM and 11:30AM with minimum transaction amount of USD 500,000.00, published by 11:35AM via Bloomberg LP.
• GS Benchmark Administration Government Securities benchmark administration service provided by BAP to support fixed-income market price discovery in the Philippines.
• Treasury Certification Program Professional certification program for treasury professionals, administered through the Ateneo-BAP Institute of Banking (ABIB) partnership with Ateneo Graduate School of Business Center for Continuing Education.
• BAP Trainings Portal Training opportunities portal offering professional development courses for the banking industry workforce in partnership with BAIPHIL and the Ateneo-BAP Institute of Banking.

Quantifiable outcome

• Interest-rate swap volumes surged more than 60-fold since launch of peso IRS facility in late 2024

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• The Asian BankerminorStrategic or Co-development Partner · 14 August 2025BAP co-hosts Finance Philippines 2025 with The Asian Banker, one of the country's most anticipated banking and finance conferences.
• Citi PhilippinescoreStrategic or Co-development Partner · 1 August 2025BAP renewed its partnership with Citi Philippines through August 2030 to continue operating the Philippine Domestic Dollar Transfer System (PDDTS) and Payment-versus-Payment System (PvP). Both systems are designated as systematically important payment systems by the Bangko Sentral ng Pilipinas. The renewed agreement includes upgraded IT infrastructure targeting 99.5 percent system uptime, improved disaster recovery protocols, and transition from LIBOR to the Effective Federal Funds Rate.
• Philippine Clearing House Corp. (PCHC)coreStrategic or Co-development Partner · 1 August 2025BAP partnered with PCHC alongside Citi Philippines to operate the PDDTS and PvP systems through 2030. These systems have operated since 1995 (PDDTS) and 2003 (PvP), facilitating domestic dollar transfers and reducing cross-currency settlement risk.
• Bankers Institute of the Philippines (BAIPHIL)coreStrategic or Co-development Partner · 10 June 2025BAP signed a Memorandum of Understanding with BAIPHIL to enhance the banking industry workforce's skills. BAIPHIL is the leading training institute in the country for banking professional development.
• Bangko Sentral ng Pilipinas (BSP)coreStrategic or Co-development Partner · 1 December 2024BSP is the central bank of the Philippines and works with BAP on FX benchmark administration, payment systems oversight (designating PDDTS and PvP as systematically important), and monetary policy transmission. BAP coordinates with BSP on financial market reforms.
• Bloomberg Finance Singapore L.P.coreTechnology or Integration · 1 December 2018Bloomberg serves as the trading platform provider for FX spot market participants and as calculation agent and publication agent for the BAP USD/PHP Spot Benchmark Rate under a Memorandum of Agreement dated December 2018.
• Globe TelecomminorStrategic or Co-development PartnerGlobe Telecom and the Bankers Association of the Philippines have partnered for cross-industry intelligence sharing to combat online fraud. This is part of collaborative fraud management efforts leveraging federated learning and privacy-preserving AI technologies.
• ASEAN Bankers Association (ABA)coreStrategic or Co-development PartnerBAP is a member of the ASEAN Bankers Association (ABA) and chair of the Permanent Committee in Banking Education. BAP is committed to supporting training programs of ABA members, particularly national banking associations in emerging economies in the region.
• Ateneo Graduate School of Business Center for Continuing EducationcoreStrategic or Co-development PartnerBAP maintains a long-standing partnership with Ateneo Graduate School of Business Center for Continuing Education through the Ateneo-BAP Institute of Banking (ABIB) for administering the Treasury Certification Program.

Scale indicators4 records

Recent moves14 records

Expansion highlights5 records

Market position

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bap-ph

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bankers Association Of The Philippines