Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
Bank of the Philippine Islands’ microfinance arm, BPI Direct BanKo Inc., A Savings Bank (BanKo), has enlisted NASDAQ-listed ACI Worldwide to advance its payment infrastructure, according to a statement. Under the partnership, BanKo will implement ACI’s issuing and acquiring platform, which is...
Slows down branch expansion BPI Direct BanKo (BanKo), the savings bank subsidiary of Bank of the Philippine Islands (BPI) specializing in micro enterprises financing for as low as P25,000 up to P150,000 collateral-free, is targeting the grant of P7 billion micro loans this year to help micro...