Insider Spotlight
- Nestor Tan of BDO reelected as BancNet chair
- Fabian Dee of Metrobank retains role as BancNet president
- BancNet posted solid 2024 results: P90.63-million net income
- Total assets rose 10 percent to P1.88 billion; equity up 6 percent to ₱1.24 billion
BancNet Inc. has retained its top leadership team, reelecting Nestor V. Tan as Chairman of the Board and Fabian S. Dee as President during its organizational meeting following the annual stockholders’ election held June 19.
Tan is president and CEO of BDO Unibank, while Dee serves as president and CEO of Metrobank.
Their reelection comes as BancNet reported a strong operational and financial performance in 2024. In a briefing to stockholders, Dee cited ongoing investments in digital infrastructure and operational resilience as core to BancNet’s strategy.
“We made significant strides in bolstering our digital resilience through enhancements to infrastructure, security, and disaster preparedness. A core element of enhancing resilience was modernizing our primary data center for increased capacity and availability,” Dee said.
Nestor Tan
The BDO president was reelected BancNet chair
He added that BancNet had implemented strategic upgrades to handle rising transaction volumes while maintaining service reliability.
On the financial front, BancNet reported a 10-percent increase in total assets to P1.88 billion and a 6-percent rise in total equity to P1.24 billion, driven by a net income of P90.63 million.
Also elected during the stockholders’ meeting were 16 directors from major Philippine banks, including RCBC president Reginaldo B. Cariaso, who was subsequently named treasurer.
Fabian Dee
The Metrobank president was named BancNet president for another term.
The board also appointed members of the operations committee, which is tasked with translating policy into day-to-day execution. Key appointees came from institutions including the Bank of the Philippine Islands, the Philippine National Bank, Union Bank of the Philippines, and Security Bank.
A full slate of company officers was named to oversee operations, risk, compliance, technology, and administration.
Who’s on the board:
The following directors were elected for the 2025–2026 term:
- Michelangelo C. Aguilar – president and CEO, Bank of Commerce
- Reynaldo C. Burgos – FVP and operations head, PNB
- Reginaldo B. Cariaso – president and CEO, RCBC
- Grace Lovely V. Dayo – FVP, Land Bank of the Philippines
- Michael O. De Jesus – president and CEO, Development Bank of the Philippines
- Fabian S. Dee – president and CEO, Metrobank
- Ana Maria A. Delgado – president and CEO, Union Bank of the Philippines
- Kathleen Charmaine H. Hernandez – director, Standard Chartered Bank
- John Howard D. Medina – COO, Philippine Bank of Communications
- John Cary L. Ong – EVP, Security Bank
- Albert T. Reyes – SVP and IT head, AUB
- Alexander G. Seminiano – SVP and chief digital officer, Bank of the Philippine Islands
- Manuel C. Tagaza – SVP and chief digital officer, China Banking Corp.
- Nestor V. Tan – president and CEO, BDO
- Ajay Verma – SVP and officer-in-charge, Equicom Savings Bank
BancNet officials for 2025–2026:
- Chairman: Nestor V. Tan (BDO)
- President: Fabian S. Dee (Metrobank)
- Treasurer: Reginaldo B. Cariaso (RCBC)
- CEO: Elmarie S. Reyes
- Corporate secretary: Agnes H. Maranan
- Chief information officer: Jennie F. Lansang
- Chief audit executive: Arnel G. Lim
- Deputy CIO: Mabelyn M. Tagasa
- Chief risk and compliance officer: Roel Dennis S. Tan
- Head of business and relationship management: Roseanne T. Tan
- Head of human resources and administration: Maricelle P. Austria
- Head of program and quality management: Myra A. Privado
- Financial controller: Jonalyn V. Villasin
