Bank of the Philippine Islands
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. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.
| Company type | Public |
|---|---|
Traded as | PSE: BPI |
| Industry | Finance |
| Predecessors | Robinsons 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 |
| Founded | Manila, Captaincy General of the Philippines, Spanish East Indies (August 1, 1851) |
| Headquarters | Makati , Philippines |
Key people | Jaime Augusto Zóbel de Ayala (Chairman) Jose Teodoro K. Limcaoco (President & CEO) |
| Services | Banking |
| Revenue | ₱101.92 billion (2020) |
Net income | ₱21.41 billion (2020) |
| Total assets | ₱2.23 trillion (2020) |
Number of employees | 21,429 (2019) |
| Parent | Ayala Corporation (~22.2% equity) |
| Subsidiaries |
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| Capital ratio | Tier 1 14.08% (2019) |
| Rating | Standard & Poor's: BBB+ Moody's: Baa2 Fitch Ratings: BB+ |
| Website | bpi |
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.