Bank of the Philippine Islands
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| Public | |
| Traded as | : BPI |
| Industry | Finance |
| Founded | Manila, Captaincy General of the Philippines (1851) |
| Headquarters | Makati, Philippines |
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Key people
|
Jaime Augusto Zóbel de Ayala II (Chairman) Cezar P. Consing (President) |
| Services | Banking |
| Revenue |
₱52,498 million ( 10.8%) (2013) |
|
₱18,017 million (25.5%) (2014) |
|
| Total assets |
₱1,450,197 million (21.3%) (2014) |
|
Number of employees
|
12,355 |
| Website | www.bpiexpressonline.com |
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|
| Subsidiary of Bank of the Philippine Islands | |
| Industry | Finance and Insurance |
| Founded | Manila, Philippines (1986) |
| Headquarters | Makati City, Philippines |
|
Key people
|
Louella G. Mangalindan (President) |
| Products | Financial Services, Express Teller Savings, BPInoy Savings, Save-Up Automatic Savings + Insurance, Maxi-Saver Savings, Maxi-One Checking, Time Deposits, Auto Loan, Housing Loan |
| P40.9 million PHP (19%) (2009) [1]
|
|
|
Number of employees
|
unknown |
| Website | www.bpidirect.com |
Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipino, Spanish: Banco de las Islas Filipinas, commonly known as BPI; : BPI) is the oldest bank in the Philippines still in operation and is the country's fourth largest bank in terms of assets, the country's largest bank in terms of market capitalization, and the country's most profitable bank. It is owned by the Ayala Corporation, the largest conglomerate in the Philippines, and is based in Makati's Central Business District, on the corner of Ayala Avenue and Paseo de Roxas. As of 2014, it is currently listed in Forbes as the Philippines' largest bank in terms of market value and overall ranking.
BPI also pioneered rural banking in the Philippines, as its countryside banking operations preceded that of many other banks' rural banking operations by many years. Today, it maintains a large rural branch network, with some branches dating back to the Spanish or American colonial periods. Its branch network of 831 branches is by far the largest branch network of any bank in the Philippines.
The bank has received several awards from various financial magazines, such as Euromoney the Far Eastern Economic Review, The Banker, Euromoney, Finance Asia, and Global Finance . Its most recent award was from Asiamoney. In April 2010, which the bank was awarded as the Philippines' Strongest Bank. In 2009, the bank bags 10 awards as the Best Domestic Bank; Best Local Cash Management Bank in the Philippines as voted by Small-Sized Corporations; Best Local Cash Management Bank in the Philippines as voted by Medium-Sized Corporations; Best Local Cash Management Bank in the Philippines as voted by Large-Sized Corporations; Best Domestic Provider of FX Services in the Philippines as voted by Corporates; Best Domestic FX Provider of FX Prime Broking Services in the Philippines as voted by Corporates; Best Domestic FX Provider of Single-Bank Electronic Trading Platform.
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Wikipedia