Bank of the Philippine Islands (BPI) is a Philippine universal bank headquartered in Makati. It is the oldest bank in the Philippines and in Southeast Asia. BPI 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. 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 and provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today’s Philippine peso. On January 1, 1912, shareholders changed the name to the present Bank of the Philippine Islands. In 1982, BPI became a universal bank and inaugurated its new headquarters building at the intersection of Ayala Avenue and Paseo de Roxas in the Ayala-developed Makati Central Business District.
Together with its subsidiaries and affiliates, BPI, a universal bank, offers a wide range of financial products and services that serve both retail and corporate clients. The bank offers savings and checking accounts, time deposits, debit, credit, and prepaid cards, corporate credit cards, auto loans, personal loans, housing loans, and business loans. BPI also offers investment funds and life, non-life, and pre-need insurance, with services including bill payment, remittance, forex, stock brokering, asset management, mobile and online banking, leasing, trade finance, and cash management. BPI upholds responsible banking—incorporating environmental, social, and governance principles in the conduct of its business. BPI continues to pave the way for the Philippine banking and financial industry, supporting economic growth and nation-building.
Effective January 1, 2024, BPI merged with Robinsons Bank Corporation, with BPI as the surviving entity. BPI is acknowledged as a leading provider of financial services and an industry pillar in the Philippines.
Bank of the Philippine Islands (BPI), the oldest bank in the Philippines and Southeast Asia at 174 years old, announced that it earned P16.9 billion
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