Bank of the Philippine Islands

Bank of the Philippine Islands
Company typePublic
PSE: BPI
IndustryFinance
PredecessorsRobinsons Bank
BPI Family Savings Bank
Far East Bank and Trust Company
Prudential Bank (Philippines)
Citytrust Savings Bank
Commercial Bank and Trust Company
People's Bank and Trust Company
FoundedManila, Captaincy General of the Philippines, Spanish East Indies
(August 1, 1851; 172 years ago (1851-08-01))
Headquarters
Makati
,
Philippines
Key people
Jaime Augusto Zóbel de Ayala (Chairman)
Jose Teodoro K. Limcaoco (President & CEO)
ServicesBanking
Revenue₱101.92 billion[1] (2020)
₱21.41 billion[1] (2020)
Total assets₱2.23 trillion[1] (2020)
Number of employees
21,429 (2019)
ParentAyala Corporation (~22.2% equity)
Subsidiaries
  • BPI Capital Corp.
  • BPI Asset Management and Trust Corp.
Capital ratioTier 1 14.08% (2019)
RatingStandard & Poor's: BBB+
Moody's: Baa2
Fitch Ratings: BB+
Websitebpi.com.ph Edit this at Wikidata
BPI Escolta Sta. Cruz branch at Plaza Santa Cruz, Manila which occupies the Don Roman Santos Building, former head office of Prudential Bank

The Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas; Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia.[2][3][4][5] It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization,[6][7][8][9] and one of the most profitable banks in the Philippines.[10][11][12]

The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 ATMs and CDMs (cash deposit machines).

BPI was founded during the Spanish colonial era of the Philippines as El Banco Español Filipino de Isabel II. It provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today's Philippine peso.[13][14]

  1. ^ a b c "Financial Reports".
  2. ^ Colayco, Maria Teresa (August 31, 2011). Enlightened Stewardship. Bank of the Philippine Islands, Manila. ISBN 9789710579112. Retrieved December 10, 2018.
  3. ^ Colayco, Maria Teresa (1984). A Tradition of Leadership: Bank of the Philippine Islands. Bank of the Philippine Islands, Manila. pp. 23, 184. ASIN B0006EJSEY. Retrieved December 10, 2018.
  4. ^ Bank of the Philippine Islands (2011). "Special Feature: BPI 160 years and Beyond (2011 Annual Report)" (PDF). Retrieved December 10, 2018.
  5. ^ "About BPI". bpiexpressonline.com. Retrieved December 10, 2018.
  6. ^ "Ranking as to Total Assets – Universal and Commercial Bank Group as of 31 December 2023 (Amounts in Million Pesos)". www.bsp.gov.ph. Archived from the original on April 4, 2024. Retrieved April 9, 2024.
  7. ^ Agcaoili, Lawrence (January 2, 2018). "BDO, Metrobank, BPI remain on top in 2017". The Philippine Star. Retrieved December 10, 2018.
  8. ^ Robles, Elshamae (July 30, 2018). "Top banks in the Philippines". The Manila Times. Retrieved December 10, 2018.
  9. ^ "BPI on the Forbes Global 2000 List". Forbes Global 2000. Retrieved December 10, 2018.
  10. ^ "Integrated Annual and Sustainability Report, AY 2016" (PDF). Retrieved December 10, 2018.
  11. ^ Torres, Ted P. (July 9, 2010). "BPI Family Bank upbeat on 2010 performance". The Philippine Star. Retrieved December 10, 2018.
  12. ^ "BPI posts 14% increase in Q3 net income". bpiexpressonline.com. November 8, 2017. Retrieved December 10, 2018.
  13. ^ "Money Museum - Spanish Era (1521 -1897)". Bangko Sentral ng Pilipinas. Retrieved December 10, 2018.
  14. ^ Esteria, Primo (November 11, 2011). "Philippine Banknotes - paper money, then and now". kahimyang.com. The Kamihyang Project. Retrieved December 10, 2018.