Latest news with #NestorTan
GMA Network
24-06-2025
- Business
- GMA Network
BDO chief Nestor Tan is first Filipino president of IMC
BDO Unibank Inc. president and CEO Nestor Tan has been elected as president of the International Monetary Conference (IMC) for the 2025–2026 term. In a news release on Tuesday, BDO said Tan's election as the first Filipino president of the IMC was held during the organization's annual gathering held in Brussels, Belgium. The IMC is an exclusive, non-profit organization composed of chairpersons and chief executive officers from 58 of the world's largest financial institutions across 31 countries. The list of past presidents include Johan Thijis, CEO, KBC Group, Brussels, Belgium (2024-2025); Carlos Torres Vila, Chair, BBVA, Spain (2023-2024); and John Dugan, Chair, Citigroup, Inc., USA (2022-2023). Since its founding in 1954, the IMC has played a key role in shaping international banking practices and policies, according to BDO. The IMC provides a private forum for dialogue among leading commercial banks, central bank governors, senior government officials, and top executives from global financial organizations such as the International Monetary Fund and the World Bank, the Sy-led bank said. 'Mr. Tan is the first Filipino to be elected as president of the IMC, and his election reflects his extensive expertise in banking and finance and affirms his leadership standing in the global banking community,' BDO said. 'It is also a recognition of BDO's consistent performance and growing influence in the regional and global financial sectors,' the bank added. The Sy-led lender said Tan's appointment as chief of the IMC 'marks a milestone not only for BDO but also for the Philippine banking industry, which continues to gain recognition in the global financial community.' —VAL, GMA Integrated News
Bloomberg
25-04-2025
- Business
- Bloomberg
Top Philippine Bank CEO Says ‘Expect The Worst' Amid Tariff War
The Philippines' top lender has boosted provisions for bad loans as it warned fellow lenders to 'expect the worst' amid the uncertainty posed by US tariffs, according to its chief executive. BDO Unibank Inc. President and Chief Executive Officer Nestor Tan said Black Swan events — or unexpected situations usually with extreme consequences — are 'becoming more frequent,' citing the Asian financial crisis in late 1990s, the 2008 global financial crisis and the pandemic in 2020.
