The Bankers Association of the Philippines (BAP) has elected Ana Aboitiz Delgado, president and CEO of UnionBank, as its president for the 2026-2027 term, the first time a woman will lead the organization in its nearly 80-year history.
Her appointment comes as Philippine banks step up digital banking efforts, expand the use of artificial intelligence (AI), and address rising cybersecurity and geopolitical risks affecting financial systems.
“As we accelerate digitalization and unlock the potential of AI, we also face a next generation of risks that extend beyond individual institutions and national borders,” Delgado said. “These risks are further compounded by the economic impact arising from geopolitical uncertainty. Together, they underscore the BAP’s role in advancing industry-wide standards and deepening collaboration, so trust in the financial system is not only preserved, but strengthened.”
Delgado assumed the role of president and CEO of UnionBank of the Philippines in January 2025, after more than 20 years with the bank. She has led key initiatives in digital transformation, consumer finance, institutional and small and medium enterprise (SME) banking, and customer experience design.
The Bankers Association of the Philippines (BAP), which represents the country’s universal and commercial banks, plays a key role in maintaining financial stability, aligning industry practices, and strengthening coordination among lenders.
Industry analysts expect the group to take a more active role in setting standards for digital banking, cybersecurity, and AI adoption, as financial institutions face increasing pressure to modernize while managing risks.
Delgado’s leadership is seen as critical in guiding the banking sector through this transition, particularly as more Filipinos shift to digital financial services and as banks invest heavily in technology to stay competitive.