Bank of the Philippine Islands Filipino: Bangko ng Kapuluang PilipinasSpanish: Banco de las Islas Filipinas forex, commonly known as BPI ; PSE: 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 philippines, 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 ofit is currently listed in Forbes as the Philippines' largest bank in terms corporation market value and philippines 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 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 ReviewThe BankerEuromoneyFinance Asiaand Global Finance. Its most recent award was from Asiamoney. In Aprilwhich the bank was awarded as the Philippines' Strongest Bank. Inthe 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 Corporation Provider of FX Prime Broking Services in the Philippines as voted by Corporates; Best Domestic FX Provider of Single-Bank Electronic Trading Platform. Spanish-Filipino Bank of Isabel IInamed after the queen of Spain, Isabella IIthe daughter of King Ferdinand VII. The bank was the second Philippine bank during the Spanish era after a bank was founded by Francisco Rodriguez, a Filipino Quaker based in Londonin They were originally called Philippine peso fuerte PFor "strong pesos". First printed on May 1,they were reedemable at face value the gold or silver Mexican coins. The first deposit with the bank was also done on that day by a man named Fulgencio Barrera. Three forex later, a Chinese man named Tadian became the first borrowing client of the bank after the bank discounted to him a promissory note amounting to ten thousand pesos fuertes. In Januarythe bank moved from the Royal Custom House in Intramuros to the new business district of Binondo after it found out that Intramuros was becoming "economically inactive". It moved to 4 Plaza Cervantes, which was at philippines time a prime property owned by the Dominican friars. However, the idea to set up branches outside Manila was formulated as far back as the s, with the first branch planned to be opened in Bacolorthe capital of Pampanga at the time. But by then, Iloilo and other provinces in Panay became more productive than Pampanga in the sugar industryhence the move to open the first branch in Iloilo. Following the cession of the Philippines to the United States following the signing of the Treaty of Paristhe bank changed from a Spanish institution to a Philippine one. The basis the the name change was Republic Act No. The bank was also privatized during the American colonial period. Following World War IIBPI was actively involved in the post-war reconstruction of the Philippines. Inwith the establishment of the Central Bank of the Philippines now the Bangko Sentral ng PilipinasBPI lost the right to issue Philippine pesos, a right it had since the Spanish colonial era and during the American colonial period. In December 31,Ayala Corporationwhich had been affiliated with BPI since its establishment inbecame the dominant shareholder of BPI and eventually made BPI into the flagship of Ayala's financial entities. Starting in the s, BPI has been involved with many mergers and acquisitions. The first merger occurred in with BPI's acquisition of the People's Bank and Trust Company. Major notable acquisitions include Commercial Bank the Trust Company inCityTrust Banking Corporation in and Far East Bank and Trust Company in InBPI became a universal bank, and inbecame the Philippines' first bank assurance firm, being the first Philippine bank to offer insurance services after acquiring the insurance companies of the Ayala Corporation, the parent company of the Ayala Corporation. Within that year, BPI also founded the BPI Direct Savings Bank, an Internet bank, which launched BPI into 21st century banking. On February 14,BPI established its own interbank network, Expressnet. In OctoberBPI launched the "Make the Best Things Happen" campaign which empowers Filipinos to make the best of their life happen by providing innovative and accessible financial solutions. On the morning of June 7,a data processing glitch affected BPI clients making their account balances incorrect. BPI Direct Savings Bank is a wholly owned subsidiary of BPI and is the first internet-based bank in the country, allowing expatriate Filipinos and overseas workers in countries like Bahrain or Hong Kong to access and manage their bank accounts at any time. BPI Direct Savings Bank was incorporated and registered with the Securities and Exchange Commission on September 26,corporation as a subsidiary meant to engage in the general business of savings and mortgage banking. InBPI Direct underwent a major image change as it became the first Philippine bank designed around the telephone and online banking channels. Two years later, Forex Direct realigned its business strategy towards the Overseas Filipino community, but without alienating its existing clientele. BPI's main competitors are BDO and Metrobank. However, other competitors include Land Bank of the PhilippinesPhilippine National BankRCBCDBPEast West Unibankand Citibank Philippines. BPI does not compete with its two banking partners: BPI Family Savings Bank and BPI Direct Savings Bank. Instead, they offer different levels of services based on the needs of the potential BPI client s. From Wikipedia, the corporation encyclopedia. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. Retrieved June 8, Retrieved June 9, The Zobel de Ayala Chairman Emeritus Jaime Augusto Zobel de Ayala Chairman and CEO Fernando Zobel de Ayala President and COO. Ayala Corporation Ayala Land Bank of the Philippine Islands Globe Telecom Integrated Micro-Electronics, Inc. AC Energy AC Infra AC Industrials Ayala Education APEC SchoolsUniversity of Nueva Caceres Ayala Health Ayala Foundation. PSE Composite Index companies of the Philippines. Ayala Aboitiz Equity Ventures Alliance Global Ayala Land Aboitiz Power BDO Bloomberry Resorts BPI DMCI EDC Emperador First Gen Globe GT Capital ICTSI Jollibee JG Summit LT Group Metrobank Megaworld Meralco Metro Pacific Petron PLDT Robinsons Land Semirara Mining SM Investments San Miguel SM Prime Universal Robina. Banks in the Philippines. Bangko Sentral ng Pilipinas. Asia United Bank BDO BPI Chinabank EastWest Bank Metrobank PNB Philtrust PSBank RCBC Security Bank UnionBank UCPB. Al-Amanah Islamic Investment Bank of the Philippines DBP Landbank PostalBank. Bank of Commerce Chinatrust Citibank HSBC Maybank PBCom Robinsons Bank Standard Chartered Bank Veterans Bank. BPI Direct Savings Bank China Bank Savings Citystate Equicom Philippine Business Bank Queenbank Security Bank Savings. Cooperative banks Rural banks. Allied Bank merged with PNB Banco Filipino Equitable PCI Bank merged with BDO Plantersbank merged with Chinabank. Philippine National Bank Security Bank Corporation China Banking Corporation Development Bank of philippines Philippines Unionbank RCBC. Roman Catholic Archdiocese of Manila. Manila Makati Mandaluyong Pasay San Juan. O'Doherty Gabriel Reyes Rufino Santos Jaime Sin Gaudencio Rosales Luis Antonio Tagle. Immaculate Conception San Miguel Pro-Cathedral, Paco Pro-Cathedral, Binondo Quiapo San Sebastian. EDSA Ermita Espiritu Santo Sampaloc Saint Jude San Agustin. Bel-Air Greenhills Forex Viejo Malate Makati Pinaglabanan San Juan Santa Ana Santa Cruz Tondo. Bank of the Philippine Islands Paco Catholic School Radio Veritas San Carlos Seminary TV Maria. Catholicism portal Philippines portal. Retrieved from " https: Banks of the Philippines Companies listed on the Philippine Stock Exchange Companies based in Makati Spanish colonial infrastructure in the Philippines Banks established in establishments in the Spanish East Indies Ayala Corporation subsidiaries. Articles needing additional references from May All articles needing additional references Articles lacking in-text citations from May All articles lacking in-text citations Articles with a promotional tone from May All articles with a promotional tone Articles containing Tagalog-language text Articles containing Spanish-language text Pages using deprecated image syntax. Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history. Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store. Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Philippines information Wikidata item Cite this page. In other projects Wikimedia Commons. This page was last edited on 11 Juneat Text is available under the Creative Commons Attribution-ShareAlike License ; corporation terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. May Learn how and when to remove this template message. This article includes a list of referencesbut its sources remain unclear because it has insufficient inline citations. Please help to improve this article by introducing more precise citations. This article contains content that is written like an the. Please help improve it by removing promotional content and inappropriate external linksand by adding encyclopedic content written from a neutral point of view. ManilaCaptaincy General of the Philippines Subsidiary of Bank of the Philippine Islands. ManilaPhilippines Makati CityPhilippines. Wikimedia Commons has media related to Bank of the Philippine Islands. In terms of assets as of December forex,
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