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Bank of the Philippine Islands

Company Description
Founded in 1851, Bank of the Philippine Islands (BPI) was incorporated on January 4, 1943 as a domestic commercial bank and went public on October 12, 1971. The Company has two major categories for products and services. The first category covers its core financial intermediation business, which includes deposit taking, lending, and securities investments. The second category covers services ancillary to the Company’s financial intermediation business, and from which it derives transaction-based commissions, service charges and other fees.

In August 2016, BPI acquired a 10% minority stake in Rizal Bank Inc., a member institution of Center for Agriculture and Rural Development Mutually Reinforcing Institutions, a group of social development organizations that specialize in microfinance. On September 20, 2016, BPI has taken full control over BanKo, Inc. after acquiring the 20% and 40% stake of Ayala Corporation and Globe Telecom, respectively.

BPI's principal subsidiaries are BPI Family Savings Bank, Inc.; BPI Capital Corporation; BPI Direct BanKo, Inc.; BPI International Finance Limited; BPI (Europe) Plc.; BPI Century Tokyo Lease & Finance Corp.; BPI/MS Insurance Corp.; and BPI Asset Management and Trust Corporation.

As end of 2016, BPI has 821 branches, including 35 kiosk branches across the country. Overseas, BPI has one branch in Hong Kong and two branches in London. BPI also has 2,297 automated teller machines and 764 cash deposit machines. Additionally, there are 10 BPI Direct BanKo branches set up in strategic locations in the country.

Source: SEC Form 17-A (2016)
Security Information
Sector Financials
Subsector Banks
Corporate Life 50
Incorporation Date Jan 04, 1943
Number of Directors 15
Stockholders' Meeting as per By-Laws April - second Tuesday
Fiscal Year 12/31 (Month/Day)
External Auditor Isla Lipana & Co.
Transfer Agent Bank of the Philippine Islands Stock Transfer Agency
Contact Information
Business Address BPI Building, 6768 Ayala Ave. cor. Paseo de Roxas, Makati City 1200
E-mail Address
Telephone Number 816-9705
Fax Number 816-9421