Hon. Peter B. Favila
Hon. Peter B. Favila
Monetary Board Member | Former President
Bangko Sentral ng Pilipinas
Monetary Board Member
PNB
Former President
Mr. Peter B. Favila was Chairman of the ABA from 1996 to 1998. He was then President of the state-owned Philippine National Bank (PNB). At that time, he was one of the youngest bank presidents in the country. Before joining the PNB in June 1995, Mr. Favila was president of Security Bank Corp.
Prior to that, he was director of treasury of Exchange Capital Corp., an affiliate of Jardine Fleming of Hong Kong. From 1974 to 1980, he was senior vice president of Metropolitan Bank & Trust Co. In 1967, he was a foreign clerk and money market trader at Citibank N.A. His first job was messenger, clearing clerk and bookkeeper at the now defunct Merchants Banking Corp.
After his term as ABA Chairman ended, Mr. Favila became President of Allied Banking, and later President of the Philippine Stock Exchange. He then became the Secretary of the Department of Trade and Industry.
Mr. Favila graduated with a banking and finance degree from the University of Sto. Tomas. He also took the Advanced Management Program at Wharton School of Finance.
