The BANKERS INSTITUTE OF THE PHILIPPINES, Inc. (BAIPHIL) was founded in 1941 as a non-stock, non-profit corporation under the name National Association of Bank Auditors and Comptrollers (NABAC), primarily with the goal of increasing the efficiency and uniformity in bank accounting, auditing and operations among banks. Its founding members were the Philippine National Bank, First National City Bank (now Citibank), Philippine Trust Company, Agricultural and Industrial Bank (now Development Bank of the Philippines), Bank of the Philippine Islands, Monte de Piedad & Savings Bank and China Banking Corporation.The association was subsequently renamed the Association of Bank Audit, Controls and Operations in early 1962. The name, Bank Administration Institute (Philippine Chapter), was adopted in January 1968 to reflect more accurately its broadened membership base and more comprehensive functions and programs and to identify it as an affiliate of the Bank Administration Institute-USA, an international organization based in Chicago.In July 2001, the Institute was renamed Bankers Institute of the Philippines, Inc. (BAIPHIL), and its Articles of Incorporation and By-Laws were amended to conform with the closure and dissolution of the U.S. Bank Administration Institute.BAIPHIL is a member of the Asian Pacific Association of Banking Institutes (APABI) and has its permanent office at TRB Tower along Roxas Boulevard housing its Secretariat, a conference/training room and a library.From a small circle of mostly accountants and auditors, the Institute has evolved into a prestigious and respectable bankers’ organization. It now boasts of sixty-one (61) institutional members composed mostly of universal, commercial, foreign, thrift and government banks. It also has more than 300 key bank executives as associates and sustaining life members who have been actively participating in its various projects.