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BAP elects PNB s Veloso as head | BusinessWorld

BAP elects PNB s Veloso as head | BusinessWorld
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

PNB s Veloso voted as BAP President

PNB s Veloso voted as BAP President By JON VIKTOR D. CABUENAS, GMA News Published March 15, 2021 7:40pm Philippine National Bank (PNB) President and Chief Executive Officer Jose Arnulfo Wick Veloso was elected as the new president of the Bankers Association of the Philippines (BAP) during its annual membership meeting on Monday. In an emailed statement, Veloso said his leadership will focus on collaborative efforts with the government to help speed up the economic recovery. We will work with the government, its lawmakers and our regulators especially in building, enhancing, or amending banking laws and regulations to help promote economic activity safely, he said.

P/$ rate closes at P48 54/$1

The peso closed lower at P48.54 to the US dollar Monday, ( March 15) from P48.455 last Friday.  The weighted average rate  depreciated  to  P48.493  from P48.435. Total volume amounted  to $798.55 million, according to the Bankers Association of the Philippines.

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