Virata is new BAP president

Rizal Commercial Banking Corp. corporate vice chairman Cesar E. A. Virata has been elected president of the Bankers Association of the Philippines (BAP) during the organization’s annual membership meeting last March 25. He succeeds Placido Mapa of Metrobank.

Vicente B. Castillo of Banco Santander Phils., Inc. was elected vice president while Jesus A. Jacinto Jr. of Banco de Oro Universal Bank and Roberto L. Panlilio of the Chase Manhattan Bank were voted secretary and treasurer, respectively.

Elected to the board were: Isidro C. Alcantara Jr. of Philippine Bank Benjamin P. Castillo of Export and Industry Bank; Raul B. De Mesa of Bank of Commerce; William B. Go of Chinatrust (Phils.) Commercial Banking Corp.; Paul J. Lawrence of The Hongkong & Shanghai Banking Corp.; Remedios L. Macalincag of the Development Bank of the Philippines; Antonio H. Ozaeta of Philippine Trust Co.; Rafael F. Simpao Jr., of Security Bank Corp. Ramon Y. Sy of International Exchange Bank; and Catherine M. Weir of Citibank, NA.