Ayala-led Bank of the Philippine Islands (BPI) is confident it will achieve full compliance with the Bangko Sentral ng Pilipinas’ (BSP) required standards for its fraud management system (FMS) by mid-2026. Jon Paz, BPI enterprise information security officer and data protection officer, told...
The Bank of the Philippine Islands (BPI) won six awards at the Asian Banking & Finance (ABF) Retail Banking Awards 2025, reaffirming its position as a strong leader in the Philippine banking industry. “We are honored to be recognized by Asian Banking and Finance. These awards affirm our...
Bank of the Philippine Islands (BPI), the financial services arm of the Ayala Group, posted a 5.2-percent improvement in net income to ₱50.5 billion in the first nine months of 2025 from the ₱48 billion earned in the same period last year. The bank said in a disclosure to the Philippine Stock...
The Bank of the Philippine Islands (BPI) announced the passing of its former president and chief executive officer, Xavier P. Loinaz, a figure who steered the institution through two decades of major economic turbulence and technological change. He was 81. Known as XP within the bank, Loinaz held...
The Bank of the Philippine Islands (BPI) has announced a standardized ₱15 service fee for all inter-institution cash-in transactions made via InstaPay, effective Oct. 1. In a statement, the Ayala-led bank said the new fee will apply to all cash-in transfers, including those sent to popular...
Aboitiz Renewables, Inc. (ARI) announced its Zambales solar power plant, which is nearing completion, has secured a financing deal with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange on Friday, Sept. 12, ARI said that AP Renewable Energy Corp. has...
Ayala-led Bank of the Philippine Islands (BPI) expects the Bangko Sentral ng Pilipinas (BSP) to extend its easing cycle until the first quarter of 2026, after the widely expected two-quarter-point rate cuts by year-end, to stimulate growth as price pressures remain subdued. “We think there’s...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
Ayala-led Bank of the Philippine Islands (BPI) is opening an office in Singapore in October to serve high-net-worth Filipino clients who want to invest overseas. In an interview, BPI President Jose Teodoro K. Limcaoco said, “We 're opening an office to serve Filipino clients in the ASEAN...
The Ayala Group reported that the parent company and four of its main subsidiaries have once again made it to the prestigious FTSE4Good Index Series due to their sound environmental, social and governance (ESG) practices. In a statement, the conglomerate said inclusion in the index strengthens the...
