BAP President Antonio Moncupa Jr. had cumulatively served the BAP board for 12 years and held various positions, including first vice president, treasurer, and secretary. He was also chair of the Open Market Committee and Capital Markets Development Committee.

'Through the years, BAP's agenda is to seek better banking efficiency, through modernization that we now call digitalization, better fixed income, foreign exchange and derivatives markets, and safe and trustworthy banking'. These are necessary preconditions that improve commerce, create jobs, and increase economic output.