Sustainability in banking is often framed as a trade-off between profit and purpose. For the Ayala-led Bank of the Philippine Islands (BPI), these are not separate, clashing goals, but a package embedded in every vein of the lender’s initiatives. What, then, should sustainability look like for...
Bank of the Philippine Islands (BPI) forged a partnership with global digital clearinghouse Meridian to use stablecoin settlement rails for digital asset-to-Peso settlement of remittances. The move is set to modernize how money moves into the country, with a particular focus on payroll credits for...
Zobel-led Bank of the Philippine Islands (BPI) reported flat first-half earnings as an aggressive ramp-up in provisions for bad loans offset double-digit gains in core interest and fee revenues. In a disclosure to the Philippine Stock Exchange, the country’s oldest lender reported that net income...
The Bangko Sentral ng Pilipinas (BSP) is expected to extend its monetary tightening cycle to a peak of 5.5 percent, according to Goldman Sachs Group Inc., as sticky underlying price pressures overshadow the recent cooldown in headline inflation. While headline inflation decelerated to 6.4 percent...
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
The Ayala Group’s Bank of the Philippine Islands (BPI) reinforced its leadership in sustainable finance, supporting some of the country’s largest and most transformative renewable energy (RE) projects through a series of landmark financing deals worth a total of ₱376 billion. Helping advance...
Department of Finance (DOF) Secretary and Land Bank of the Philippines (Landbank) Chairman Frederick D. Go has praised the move by Ayala-led Bank of the Philippine Islands (BPI) to waive electronic fund transfer fees across its digital channels, describing it as a step toward eliminating banking...
Ayala-led Bank of the Philippine Islands (BPI) will permanently eliminate transaction fees for digital fund transfers via InstaPay and PESONet starting July 1, following the central bank 's lifting of its cap on electronic payment pricing. The oldest lender in the Philippines is moving to...
BPI Wealth, the wealth management arm of Ayala-led Bank of the Philippine Islands, is launching peso-denominated share classes for two of its major global investment funds to capture retail interest in the artificial intelligence (AI) and technology rally currently driving United States (US) equity...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Zobel-led Bank of the Philippine Islands (BPI) is aiming to reach 50 million customers, of which 20 million will be underbanked and underserved Filipinos, as part of its financial inclusion commitment. In a press conference, BPI Chief Finance Officer (CFO) and Chief Sustainability Officer Eric...
