Mr Villarosa is also the President and CEO of Security Bank Corporation.
Villarosa and other directors will serve from 2012 to 2013. He also assumes chairmanship of the BAP’s 15-member board.
BAP, which consists of 23 commercial banks, is the unifying voice of the commercial banking sector.
The sector has total assets of US$165 billion, achieved a record US$17.6 billion in capital in 2011 and has grown at an average of 10% since 2008. It has since grown by 13% annually until 2011.
The BAP executive committee for 2012-2013 consists of Villarosa, President; Lorenzo Tan, First Vice President; Sanjiv Vohra, Second Vice President; Antonio Moncupa Jr., Secretary and Enrico Cruz, Treasurer. Cesar Virtusio serves as an Executive Director.
Comprising the board are Ricardo Balbido Jr., President and CEO, Philippine Veterans Bank; Anthony Chua, President, Allied Bank; Abraham Co, President, Asia United Bank; Enrico Cruz, Managing Director and Chief Country Officer, Deutsche Bank; Peter Dee, C, ChinaBank; Francisco del Rosario Jr., President and CEO, Development Bank of the Philippines; Mahendra Gursahani, CEO, Standard Chartered Bank; Antonio Moncupa Jr., President and CEO, EastWest Bank; Antonio Ozaeta, President, Philtrust; Ichiro Tada, General Manager, Mizuho Bank; Lorenzo Tan, President and CEO, Rizal Commercial and Banking Corporation; Nestor Tan, President, Banco de Oro; Arthur Ty, President, Metrobank; and Sanjiv Vohra, Country Officer, Citibank.
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