About Bank of the Philippine Islands

Bank of the Philippine Islands provides commercial banking services. The company and its subsidiaries offer a whole breadth of financial services that include corporate banking, consumer banking, investment banking, asset management, corporate finance, securities distribution, and insurance services. The company operates branches, automated teller machines, cash accept machine to support its delivery of services. The company also serves its customers through alternative electronic banking channels, such as telephone, mobile phone and the internet. Products and Services The company offers a range of corporate and retail banking products. The company has two major categories for products and services. The first category covers its core financial intermediation business, which includes, deposit taking, lending, and securities investments. The second category covers services ancillary to the company's financial intermediation business, and from which it derives transaction-based commissions, service charges and other fees. Business Segments The company operates through Consumer Banking; Corporate Banking; and Investment Banking segments. Consumer Banking This segment serves the individual and retail markets. Services cover deposit taking and servicing, consumer lending, such as home mortgages, auto loans and credit card finance, as well as the remittance business. The segment also includes the entire transaction processing and service delivery infrastructure consisting of network of branches and automated teller machines (ATMs), as well as phone and internet-based banking platforms for individual customers. Corporate Banking This segment caters both high-end corporations and middle market clients. Services offered include deposit taking and servicing, loan facilities, trade, cash management and internet-based banking platforms for corporate and institutional customers. Investment Banking This segment includes the various business groups operating in the investment markets and dealing in activities other than lending and deposit taking. These services cover corporate finance, securities distribution, asset management, trust and fiduciary services, as well as proprietary trading and investment activities. Subsidiaries BPI Capital Corp. (BPI Cap) is an investment house that offers a full suite of services covering a comprehensive program: from corporate finance and capital markets advisory, project finance and loan syndication, to debt and equity underwriting and securities distribution. BPI Cap wholly owns BPI Securities Corp., a stock brokerage. BPI Direct BanKo, Inc., A Savings Bank (BanKo), serves microfinance customers through branch, digital, and partnership channels. BPI International Finance Limited (BPI IFL) is a deposit-taking company authorized and regulated by the Hong Kong Monetary Authority. Its principal business activities are providing banking services mainly in relation to term deposits and loans; providing securities brokerage services in relation to dealing and advising on securities; and providing asset management services. BPI Remittance Centre Hong Kong Ltd. (BERC HK) is a licensed money service operator in Hong Kong servicing the remittance services to beneficiaries residing throughout the Philippines. BPI (Europe) Plc (BPI Europe) is a U.K. licensed bank authorized by the Prudential Regulation Authority (PRA). It offers simple retail deposit products and engages in the proprietary trading of fixed income securities, foreign exchange and syndicated loans. BPI/MS Insurance Corp. (BPI MS) is a non-life insurance company. BPI Asset Management and Trust Corporation (BPI AMTC) is a stand-alone trust corporation (SATC) serving both individual and institutional investors with a full suite of local and global investment solutions. BPI Investment Management Inc. (BIMI) is a wholly owned subsidiary of the company and principal distributor of the ALFM & PAMI Mutual Funds - open-end investment companies registered with, and regulated by, the Securities and Exchange Commission (SEC). Distribution Network The company has branches across the country. It maintains a specialized network of overseas offices to service Filipinos working abroad. It has three Remittance Centers located in Hong Kong and representative offices located in the U.A.E. and Japan. The company also maintains remittance tie-up arrangements with various foreign entities in several countries to widen its network in serving the needs of Filipinos overseas. The company has BPI Direct BanKo branches and Branch-Lite Units (BLUs) set up in strategic locations in the country. On the lending side, there are business centers and desks, servicing both corporate and retail clients, across the country to process loan applications, loan releases, and international trade transactions. These centers also provide after-sales servicing of loan accounts. The company's customer engagement platforms include BPI Mobile and BPI Online for retail clients; BPI Trade Online for investors in the stock market; BanKo app for self-employed micro-entrepreneurs; BizLink for corporate clients; BizKo, for SMEs; and VYBE, the BPI E-wallet. Moreover, work on the company's seventh platform, geared towards its Wealth Management clients, is underway. Supported by the company's open banking infrastructure, these platforms allow customers access to over 2,200 products and services provided by over 100 partners. The company's partnership with GCash is also progressing well, with its products in GSave, GInvest and GInsure gaining it more clients and generating revenues through its collaboration with GCash. Patents, Trademarks, Licenses, and Franchises The company sells its products and services through the BPI trademark and/or trade name. All its major financial subsidiaries carry the BPI name prefix (e.g., BPI Capital, BPI Securities, and BanKo), and so do its major product and service lines. The company's trademarks for its products and services include BPI Express Assist (BEA), for its branch queuing facility; BPI Debit and BPI Debit Cards, for its debit cards; BPI Credit and BPI Credit Cards, for its credit cards; Express Cash, My ePrepaid, and BPI ePay, for its prepaid cards; BPI Phone Banking, for its contact center facility; BPI Online, for its internet-based transaction platform for retail customers; BPI Mobile, for its mobile banking facility; Bizlink, for its internet banking platform for business and corporate clients, including the BizLink mobile app; and Express Collect, for its bills collection agreements. Other product brands of the company and BanKo are PondoKo Savings, Maxi-One, Save-up, Advance Savings, Maxi-Saver, Saver Plus, Pamana Savings Account, Pamana Padala, Padala Moneyger, Plan Ahead, SME Term Loans, BPI Personal Loan, and BanKo NegosyoKo Loan. All the company's trademark registrations are valid for 10 years with years of expiration varying from year 2021 to 2030. In terms of business licenses, the company has an expanded commercial banking license while BanKo has a savings bank license. BPI Capital has an Investment House license engaged in dealing Government Securities and as Mutual Fund Distributor. BPI AMTC has a trust license, securities custodian/registry license and is a PERA accredited administrator while BIMI has an investment company adviser license, mutual fund distributor license, and is a registered transfer agent. BPI MS was granted by the Insurance Commission a Certificate of Authority to transact ad sell non-life insurance products. For foreign business licenses, BPI (Europe) Plc is a U.K.-licensed bank authorized by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA). Meanwhile, BPI IFL is a deposit-taking company authorized and regulated by the Hong Kong Monetary Authority. It is also licensed by the Securities and Futures Commission of Hong Kong to undertake Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. History Bank of the Philippine Islands was founded in 1852. The company was incorporated in 1943.