SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 22, 2020

2. SEC Identification Number

PW-121

3. BIR Tax Identification No.

000-438-366-000

4. Exact name of issuer as specified in its charter

BANK OF THE PHILIPPINE ISLANDS

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

AYALA NORTH EXCHANGE TOWER 1, AYALA AVENUE COR. SALCEDO ST., LEGASPI VILLAGE, MAKATI CITY, METRO MANILA (current business address) Postal Code 1229

8. Issuer's telephone number, including area code

8246-5902 (Corpsec Off) / 8246-5860 (IR)

9. Former name or former address, if changed since last report

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10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,513,100,378

11. Indicate the item numbers reported herein

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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Bank of the Philippine IslandsBPI

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article

Source	bloomberg.com
Subject of News Report	“Wirecard’s $2.1 Billion Hole Deepens After Forgery Claim”
Date of Publication	Jun 19, 2020

Clarification of News Report
We write in reply to your request for clarification on the news article entitled “Wirecard’s $2.1 Billion Hole Deepens After Forgery Claim” posted on bloomberg.com on June 19, 2020. The article reported in part that: “Wirecard AG shares continued their free-fall after the two Asian banks that were supposed to be holding 1.9 billion euros ($2.1 billion) of missing cash denied any business relationship with the German payments company. . . . . BDO Unibank Inc., the Philippines’ largest bank by assets, and The Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn’t a client. . . . . The Bank of the Philippine Islands said in a statement that Wirecard is not a client and it continues to investigate the issue. . . . . The denials from BDO and BPI follow a statement on Thursday from Wirecard, which claimed that auditor Ernst & Young couldn’t confirm the location of the missing cash that was supposed to be held in Asian banks and reported that “spurious balance confirmations” had been provided." The Bank confirms that German online payments company Wirecard AG (Wirecard) is not a client of the Bank . Wirecard's auditor, Ernst & Young (EY), presented documents to the Bank purporting to show that Wirecard is a client. These documents were determined to have been falsified. The employee who may have played a part in the preparation of the said document has been suspended and is under investigation. The Bank has reported this matter to the Banko Sentral ng Pilipinas (BSP) .
Other Relevant Information
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