Bank of the Philippine Islands (BPI) is the first and oldest bank in the Philippines, established in 1851. It offers a wide range of financial products and services through its network of over 800 branches in the Philippines, Hong Kong, and Europe. BPI pioneered banking in the Philippines and played the role of the country's central bank in its early history. It continues its tradition of financing initiatives that support the Philippine economy and nation building.
Bank of the Philippine Islands (BPI) is the first and oldest bank in the Philippines, established in 1851. It offers a wide range of financial products and services through its network of over 800 branches in the Philippines, Hong Kong, and Europe. BPI pioneered banking in the Philippines and played the role of the country's central bank in its early history. It continues its tradition of financing initiatives that support the Philippine economy and nation building.
Bank of the Philippine Islands (BPI) is the first and oldest bank in the Philippines, established in 1851. It offers a wide range of financial products and services through its network of over 800 branches in the Philippines, Hong Kong, and Europe. BPI pioneered banking in the Philippines and played the role of the country's central bank in its early history. It continues its tradition of financing initiatives that support the Philippine economy and nation building.
Bank of the Philippine Islands (BPI) is the first and oldest bank in the Philippines, established in 1851. It offers a wide range of financial products and services through its network of over 800 branches in the Philippines, Hong Kong, and Europe. BPI pioneered banking in the Philippines and played the role of the country's central bank in its early history. It continues its tradition of financing initiatives that support the Philippine economy and nation building.
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Founded in 1851, Bank of the Philippine Islands is the first bank in the Philippines and in the Southeast Asian
region. BPI is a universal bank and together with its subsidiaries and affiliates, it offers a wide range of financial products and solutions that serve both retail and corporate clients.
BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking.
The bank has a network of over 800 branches in the Philippines, Hong Kong and Europe, and close to 3,000 ATMs and CDMs (cash deposit machines).
The establishment of BPI, originally known as El Banco Espaol Filipino de Isabel II, ushered in the start of the Philippine banking and finance industry. The bank performed many functions, from providing credit to the National Treasury to printing and issuing currency, making it in effect the country's first Central Bank. BPI proudly carries on this tradition, financing many private and public sector initiatives and enterprises in support of economic growth and nation building.
BPI is acknowledged as a leading provider of financial services in the Philippines.
Mission Since the bank's founding 165 years ago, BPI has been inextricably linked to the growth of the Philippine economy. Anchoring our institution on our four-fold commitment to Clients, People, Shareholders, and Country, we aim to take advantage of the country's good macroeconomic fundamentals by carefully and systematically overlaying scale over some of the best financial metrics in the Philippine banking industry.
Our mission is enshrined in the BPI Credo.
The BPI Credo
We believe our first responsibility is to our Clients. If we understand and address our clients' financial needs, we will be trusted with their most important financial transactions, and we will build lasting relationships. We do well when our clients do well.
We believe in our responsibility to our People. We seek to hire the best people for each job, provide them with the means to perform at a high level and reward them fairly. We value integrity, professionalism, and loyalty. We promote a culture of mutual respect, meritocracy, performance, and teamwork. We strive to be the employer of choice among Philippine financial institutions.
We believe in our responsibility to our Shareholders. We treat capital as a most valuable asset, and seek to generate superior returns while being prudent in risk taking, spending, and investment.
We believe in our responsibility to our Country. Our prosperity is greatly dependent on the well-being of our nation. We aim to be inclusive and responsible in nation building. Through BPI Foundation, we are committed to the welfare and sustainability of the communities we serve.
Vision It is BPI's vision to be the Philippines' premier bank that builds on its heritage of being the principal architect of the country's financial inclusion landscape, providing the most effective, efficient, and innovative solutions for its clients to best manage their financial needs, while creating sustainable value and shared prosperity for all stakeholders. Review of Mission and Vision Statements The Bank's vision and mission was presented to and reviewed by the Board and approved at the Annual Stockholders' Meeting on April 8, 2015 in Makati City.
Core Values
CUSTOMER SERVICE Establish friendly relationships with clients, putting them first in our list of priorities, to delight them with our services, and to always try to anticipate their every need.
EXCELLENCE Employees, whatever their functions are, should always give their best and continuously upgrade their knowledge, skills, habits, and attitudes to meet each challenge with determination and drive, opening themselves to unlimited possibilities.
LOYALTY To be proud of BPI, to be true to its ideals and vision, and to actively promote and defend what BPI stands for.
TEAMWORK Build deep and lasting relationships founded on trust and respect, to be totally committed to the achievement of the objectives of our team and of BPI, to actively participate as one in any undertaking, to contribute our individual knowledge and talents for the benefit of all.
INTEGRITY As bankers, we should be worthy of the confidence put in us by BPI and the society it stands for, earn the trust of those we meet and interact with, and always do what is morally, and socially correct, contributing in our small way in shaping the future.
CONCERN FOR PEOPLE
Employees should be genuinely interested in people, to help others in every way possible, to contribute to a sound environment, to be fair, supportive, friendly, caring, and sincere in our relations with the people we meet.
History
Established on August 1, 1851 under Spanish colonial rule, BPI was originally known as El Banco Espaol Filipino de Isabel II, named after then Queen of Spain, Isabel II.
The bank was the first to be established in the Philippines, and was responsible for starting the country's banking and finance industry. Playing a unique role in the early economic history of the Philippines, the bank performed many functions that in effect made it the country's Central Bank, including providing credit to the National Treasury and printing and issuing currency in its own name.
Following the Spanish-American War of 1898, the Bank was reorganized and essentially privatized under the U.S. federal government's National Bank Acts of 1863 and 1864. The bank adopted its current name on January 1, 1912.
In the early 1980s, the Monetary Board of the Central Bank of the Philippines (now the Bangko Sentral ng Pilipinas) allowed BPI to evolve into a fully diversified universal bank, to offer investment and consumer banking services in addition to traditional commercial banking activities. This transformation into a universal bank was accomplished through both organic growth and mergers and acquisitions.
Today, BPI is acknowledged as a leading provider of financial services in the Philippines.
