March 23, 2023
The Bank of the Philippine Islands (BPI) has announced the launch of its third “BPI Awesome Travel Fair” from March 24 to 26 at the Glorietta 2 activity hub in Makati City. “It’s a one-stop shop for everything you need on your next adventure. This year’s travel fair is a hybrid event as it will
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According to the Bank of the Philippine Islands (BPI) Global Markets, the national government needs to develop new drivers of growth in order to accelerate the recovery of the country’s economy and increase the income of Filipinos. The statement quoted BPI Global Markets economist Rafael Alfonso K. Manalili as saying the new growth drivers would
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The Asset Management Division of the Bank of the Philippine Islands (BPI) has changed its name to BPI Wealth-A Trust Corp. In a statement Tuesday, the Ayala-led bank said it had changed the name of BPI Asset Management and Trust Corp. “to better connect with different customer segments.” BPI also said that the name change
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The Bank of the Philippine Islands (BPI) was fined 134.62 million pesos by the Securities and Exchange Commission (SEC) for failing to secure proper approvals for an internal share purchase plan. “In its letter dated February 3, 2023, the SEC imposed penalties on the bank for violation of section 8.1 of the Securities and Regulations
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AYALA-LED Bank of the Philippine Islands (BPI) is looking to penetrate the Philippine-Chinese market dominated by larger competitors through a planned merger with Gokongwei-owned Robinsons Bank Corp. (RBC). The deal, announced last September and still subject to regulatory approval, was approved by BPI shareholders at a special shareholder meeting on Tuesday. BPI will remain the
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ROBINSONS Retail Holdings Inc. (RRHI) has officially completed the purchase of a 4.4% stake in Bank of the Philippine Islands (BPI). In a disclosure on Friday, RRHI said that Arran Investment Pte. LLC (Arran), a subsidiary of GIC Private Ltd., completed the sale of the remaining 10,384,903 preferred shares of Liontide Holdings Inc. on the
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The BANK OF THE PHILIPPINE ISLANDS (BPI) has successfully resolved the problem of duplication of transactions that affected a number of client accounts. “The bank’s website and mobile app platforms are available and have returned to normal operations,” Ayala-led BPI said in an announcement to the stock exchange on Thursday. “There was no significant impact
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The Bank of the Philippine Islands (BPI) told the Philippine Stock Exchange (PSE) that it had successfully corrected all recurring transactions as of Wednesday evening. In a message to the local exchange on Thursday, BPI said its website and mobile app platforms are now live and back to normal to serve their account holders. “There
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Bangko Sentral ng Pilipinas (BSP) has directed the Bank of the Philippines (BPI), led by Ayala, to provide a schedule and update on the cancellation of double debit incidents last Wednesday. At the time of publication, BPI has remained silent on how many erroneous transactions have been rolled back. A post was posted on the
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(UPDATE) AYALA-LED Bank of the Philippine Islands (BPI) tried to reassure customers and regulators on Wednesday after a system glitch caused customers to complain about repetitive transactions and unauthorized withdrawals. “Be sure your account is safe,” BPI said in a statement following a flood of complaints on its social media accounts. “We have seen questionable
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