It is with great pleasure and honor that we in ACI Philippines invite you to attend the 45th World Congress in Manila from 25 to 27 May 2006.

“Rising to the Challenge” is the theme of this Congress. As part of a dynamic market, we all face new challenges each day in our respective business environments. Be it regulatory, political, economic or social, these have transformed the way we do business today and will continue to shape the future of the markets we serve.

The program we have prepared aims to dissect these issues through the various presentations and discussions that will be facilitated by prominent experts in their respective fields. By the end of the Congress we hope we will all have a better understanding of these issues.

Of course, no World Congress will ever be complete without the social events. ACI Philippines has prepared many exciting social events not only for the Congress participants but also for your accompanying partners. Through these activities, we promise to renew the friendship and camaraderie that we, ACI members, have built through the years.

With the full support of the President of the Republic of the Philippines, the Bangko Sentral ng Pilipinas, the Bankers Association of the Philippines and the local banking community, ACI Philippines is committed to deliver a world class affair.

We look forward to seeing you in Manila in 2006. Mabuhay!