BPI Securities, the stock brokerage arm of the Bank of the Philippine Islands (BPI), is confident that the current rally in the local bourse will be sustained all the way up to the 7,500 level. While some investors worry about a short-term pullback following the sharp rally in many stock indices...
BPI President and CEO TG Limcaoco and GET President Freddie Tinga (center) launched the electric vehicle service for BPI employees. With them are (from left): Severino Sumulong, GET Director of Legal Services; Frankie Endriga, GET Chief Operating Officer; Anthony Dy, GET Managing Director; Jaime...
Zobel-controlled Bank of the Philippine Islands (BPI) reported a record high net income, driven by revenues and lower provisions which offset the increase in operating expenses. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its net income rose 30.5 percent to an all-time...
The Gokongwei Group’s Robinsons Retail Holdings Inc. posted a 29.5 percent drop in attributable net income due to foreign exchange losses and the impact of the merger of Robinsons Bank with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Bangko Sentral ng Pilipinas (BSP), through a Monetary Board Resolution, has approved the planned merger of Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC). In a disclosure to the Philippine Stock Exchange (PSE), Ayala-led BPI said that the BSP approved the merger...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
Ayala-led Bank of the Philippine Islands (BPI) has increased its final bond sale offer to P36 billion from the initial P5 billion value due to “strong investor demand.” In a disclosure to the Philippine Stock Exchange (PSE), the bank issued and listed the P36 billion 1.5 year peso fixed-rate...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Ayala-owned Bank of the Philippines Islands (BPI) will be issuing 314 million common shares to the shareholders of the Gokongwei-led Robinsons Bank Corporation (RBC) to complete their merger, which was approved by the Board of Directors on Sept. 30. According to a disclosure to the Philippine...
The Bank of the Philippine Islands (BPI) announced that it will shorten the offer period for its 1.5 year peso fixed-rate bonds worth P5 billion issued last Oct. 17 due to strong demand. In a disclosure to the Philippine Stock Exchange (PSE), the bond sale due 2025 will now end on Oct. 25,...
Ayala-owned Bank of the Philippine Islands (BPI) reported a 26.4 percent increase in net income to P38.6 billion in the first nine months of 2023 from P30.5 billion in the same period last year due to sustained loan and margin growth. In a disclosure to the Philippine Stock Exchange (PSE), the...
The Bank of the Philippine Islands (BPI) has issued its 1.5-year fixed-rate bonds worth P5 billion as part of its P100 billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the net proceeds of the sale will be used for “general corporate purposes” and...
