Bank of the Philippine Islands

Founded in 1851, Bank of the Philippine Islands (BPI) was incorporated on January 4, 1943 and went public on October 12, 1971. In the post World War II era, BPI evolved from a purely commercial bank to a fully diversified universal bank with activities encompassing traditional commercial banking as well as investment and consumer banking. This transformation into a universal bank was accomplished mainly through mergers and acquisitions when it absorbed an investment house, a stockbrokerage company, a leasing company, a savings bank, and a retail finance company.

BPI has two major categories for products & services. The first category covers its deposit taking and lending/investment activities. The second category covers services other than and auxiliary to the core deposit taking, lending, and investing business, and from which is derived commissions, service charges & fees from turnover volume.

The Company's principal subsidiaries are composed of BPI Family Savings Bank, Inc., BPI Capital Corporation, BPI Leasing Corporation, BPI Direct Savings Bank, BPI International Finance Limited, Hong Kong, BPI Express Remittance Corporation, Bank of the Philippine Island (Europe) Plc, Ayala Plans, Inc., and BPI/MS Insurance Corporation.

Source: SEC Form 17-A (2009)

Attached Files Image(s)

Fitch upgrades ratings of 5 Phl banks
By Lawrence Agcaoili (The Philippine Star) Updated June 25, 2011 12:00 AM Comments (0)

MANILA, Philippines - London-based Fitch Ratings upgraded the credit rating and revised the support rating floors of the country’s five largest banks on the back of the country’s robust macroeconomic fundamentals as well as the industry’s strong performance.

Alfred Chan, director with Fitch’s Financial Institutions group, said the long-term issuer default ratings of the Ayala-controlled Bank of the Philippine Islands (BPI) and state-run Development Bank of the Philippines (DBP) were upgraded to ‘BB+’ or one notch below investment grade from ‘BB’ or two notches below investment grade.

Chan said the sovereign upgrade suggests lower credit risks associated with the banks’ sizeable exposure to the Philippine government.

He explained that the bank’s sizeable exposure to the Philippine government was the reason why BPI’s long-term foreign-currency issuer default ratings and long-term local-currency issuer default rating as well as DBP’s long term foreign currency issuer default rating were not rated higher than the Philippines’ sovereign ratings prior to the upgrade.

He added that the affirmation of BPI’s and DBP’s individual and national ratings reflects Fitch’s expectation that the banks will maintain their fairly strong financial profiles, including their high capitalisation, satisfactory earnings base and prudent management records.

Chan said Fitch Ratings also revised the support rating floors of BPI, DBP, Banco de Oro Universal Bank of retail magnate Henry Sy, Metrobank Group of taipan George SK Ty, and government-owned Land Bank of the Philippines to ‘BB’ or two notches below investment grade from ‘BB-’ or three notches below investment grade.

The support rating floor indicates the minimum long-term issuer default ratings that would be assigned to banks even if their standalone financial condition were to hypothetically deteriorate.

According to him, the issuer default ratings of the five banks are at present driven by their standalone financial strengths as reflected in their individual ratings.

“The Support Rating Floor revision reflects Fitch’s expectation of a higher probability of state support to the domestic banking sector, underpinned by the government’s improved ability to provide timely support in light of the sovereign upgrade. The agency believes that state support, in the event of need, will be most forthcoming to the systemically important banks in the Philippines,” Chan stressed.

As of end-2010, data from the Bangko Sentral ng Pilipinas (BSP) showed BDO emerged as the country’s largest bank in terms of assets with P973.61 billion followed by BPI with P728.11 billion, and Metrobank with P706.97 billion while Landbank emerged as the country’s fourth largest bank in terms of assets with P565.79 billion while DBP ranked sixth with P297.29 billion.

In terms of capital, the BSP said BDO ranked first with P87.27 billion followed by Metrobank with P82.84 billion, BPI with P77.36 billion, Landbank with P63.18 billion,and DBP with P40.37 billion.

On Thursday, the Philippines received a credit rating upgrade from Fitch Ratings on the back of the country’s strong economic growth, improving fiscal position as well as robust external payments position.This was the fourth upgrade received by the Philippines since President Aquino assumed office June of last year. This is also the second credit rating upgrade given to the country in just a span of two weeks.

The long-term foreign currency issuer defaul rating of the Philippines was upgraded to ‘BB+’ or one notch below investment grade from ‘BB’ or two notches below investment grade while its long-term currency issuer default rating and the country ceiling was raised to ‘BBB-’ or investment grade from ‘BB+’ and its short term issuer default rating has been affirmed at ‘B.’

Monetary and fiscal authorities welcomed the rating upgrade from Fitch Ratings that has kept the country’s credit rating at three notches below investment grade or ‘BB’ since June of 2003

“The positive rating actions follow the upgrade of Philippines’ sovereign ratings as well as Fitch’s expectations of a stable domestic economic outlook, which will be supportive of the local banks’ performance and credit profiles,” Chan said.

Last June 15, New York-based Moodys Investors Service raised the country’s credit rating to ‘Ba2’ or two notches from ‘Ba3’ or three notches below investment grade amid the gains made in fiscal consolidation, sustained macroeconomic stability, and robust external payment position.

Moody’s upgraded the country’s credit rating outlook to positive from stable last January while New York-based Standard and Poor’s (S&P) raised the credit rating of the Philippines to two notches below investment grade from three notches last November 12 on the back of the country’s rising external liquidity.

With the upgrade, Fitch rates the country’s sovereign credit at one notch below investment grade while Moody’s as well as S&P rate the country’s sovereign credit at two notches below investment grade with a stable outlook.

me hula ako dito pwede syang mag 59.29 ,post ko lang dito para malaman ko kung tama hula ko o hindi kabit
aurelio montinola Jr. rules
The World is a Vampire . . .
BDO, BPI post higher earnings

TWO OF the country's largest banks posted higher earnings in the first semester.
In separate disclosures to the stock exchange this morning, Banco de Oro Unibank, Inc. (BDO) and the Bank of the Philippine Islands (BPI) said they saw their net profit rise by 19% and 12%, respectively, in the first six months of the year.

BDO, the country's largest in terms of assets, said it booked a net income of P5 billion, up from P4.2 billion a year ago. BPI the third largest, said it recorded a net income of P6.2 billion, rising from P5.6 billion a year earlier.

BDO attributed the first-half outcome to its "strong business franchise" and a diversified revenue stream while BPI reported it saw an improvement in both net interest and non-interest income.

BDO shares finished at P64.35 apiece today, gaining 0.62%, while BPI shares closed at P61 each, adding 2.2%.

BPI offers more services to corporations
By: Doris C. Dumlao
Philippine Daily Inquirer
1:14 am | Monday, October 10th, 2011
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
what is happening to BPI?

it has been continuously dropping due to foreign selling.
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

Grabe bagsak nito. RSI nasa 20's na. Murang mura na!
so, what do we do? Smile
Need funds to buy!!

Forum Jump:

Users browsing this thread: 1 Guest(s)