Ana Maria Aboitiz-Delgado, president and CEO of Union Bank of the Philippines, has been elected president of the Bankers Association of the Philippines (BAP), becoming the first woman to lead the group in nearly 80 years.
She replaces Jose Teodoro K. Limcaoco, president and CEO of Bank of the Philippine Islands, who completed his three-year term. Limcaoco was recognized during the association’s annual reception for his leadership.
During his term, the BAP pushed efforts to combat financial scams and cybercrime, supported the Anti-Financial Account Scamming Act, and strengthened cooperation with regional banking groups. The organization also worked to improve digital platforms and expand support for growing online transactions.
Aboitiz-Delgado brings over 20 years of experience at UnionBank, where she rose from management trainee to CEO. She has overseen key areas such as small business banking, retail and institutional finance, and digital services.
In her remarks, she highlighted the banking sector’s role in driving economic growth and improving lives. She also pointed to rising risks linked to digitalization, artificial intelligence, and global uncertainty, stressing the need for stronger industry collaboration and trust in the financial system.
Also appointed was Elfren Antonio S. Sartre Jr. as BAP managing director, replacing Benjamin P. Castillo.
Other newly elected officers include:
Fabian S. Dee as first vice president
Lynette V. Ortiz as second vice president
Joseph Albert L. Gotuaco as treasurer
Paul Raymond A. Favila as secretary
