BPI 2012 Net Income at P16.3 Billion

The Bank of the Philippine Islands (BPI) posted strong business volume and revenue growth in 2012 as the Philippines likewise grew at a faster pace compared to other Asean economies. BPI’s unaudited net income for full year 2012 reached P16.3 billion, a 27% increase over the P12.8 billion posted in 2011. This translated to a Return on Equity of 17.5% and a Return on Assets of 1.9%.

Total resources reached P985 billion or 17% higher than the previous year as the Bank’s core businesses remained solid. Deposits expanded by a healthy 18% to P802 billion while assets under management was P743 billion or 11% higher, bringing total intermediated funds to P1.5 trillion.

CTB Trustees pay courtesy call to BSP Governor

The incoming 2013 Board of Trustees of the Chamber of Thrift Banks (CTB) recently made a courtesy call to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr.  The CTB is the umbrella organization of the country’s thrift banks. The visit is in line with the 2013 CTB national convention slated on March 20 at Dusit Thani Manila with the theme:  “Thrift Banks: Building for Broader Horizons in 2013” where the Governor is among the guest speakers.

The meeting also highlighted discussions about the significant growth in the Philippine economy recently and positive outlook for more investments to be infused this 2013. The Chamber also introduced its new set of officers for the new fiscal year. 

Gov. Tetangco (seated, center); with (seated from left) CTB Auditor and Bataan Savings & Loan Bank President Lolita Simpao; CTB Trustee and University Savings Bank Director Ma. Consorcia Tamayo; CTB Convention Chair/Trustee and Isla Bank Chairman Jose Ma. Lopez-Vito III; CTB and BPI Family Savings Bank President Jose Teodoro Limcaoco; BSP Deputy Governor Nestor Espenilla, Jr.; CTB Secretary and Security Bank Savings President Gina Go; CTB Executive Director Suzanne Felix.  Standing are (from left): CTB Second Vice President and Malayan Savings Bank President George Martirez; CTB Treasurer and China Bank Savings President Alberto Emilio Ramos; CTB Immediate Past President and  HSBC Savings Bank President Patrick Cheng; CTB First Vice President and RCBC Savings Bank President Rommel Latinazo; CTB Trustee and Wealth Development Bank President Gregorio Anonas III; CTB Trustee and Queen City Development Bank President Rogelio Florete; CTB Trustee and Palawan Development Bank President Eric Mondragon; and CTB Consultant Benjamin Yambao. 

Consing to succeed Montinola as BPI president

At a meeting held last December 12, 2012, the Board of Directors of Bank of the Philippine Islands (BPI) approved a succession plan recommended by its Nomination Committee and Personnel and Compensation Committee. Cezar P. Consing  will be nominated to succeed Aurelio R. Montinola III as President and CEO at the next organizational meeting of the Board immediately following the stockholders’ meeting scheduled on April 18, 2013.  This movement is in line with the traditional retirement practices in BPI and forms part of the normal succession process. 

Esquire Financing and Philippine Franchise Asia see fast growing future of SMEs

In the center ESQUIRE Financing Inc.'s CEO
Rajan Uttamchandani with staff at the inauguration
 of the new CAPITALIFE Business Center in Makati.

According to the International Franchise Association (IFA), franchising currently represents 18 million jobs and $2.1 trillion worth of economic activity in the U.S. 

In Southeast Asia, the Philippines leads in terms of franchise concept development. Last year, more than 124,000 franchisees offered the products and services of over 1,100 franchisors in the country. The industry generated more than a million jobs while recording a total of $9.45 billion output—equal to five percent of the country’s total gross domestic product (GDP).

PFA Chairman Lim said that the recent growth can be attributed to the entry of new players from micro, small and medium enterprises (MSMEs), the continued rise of the business process outsourcing (BPO) industry, and the introduction of indigenous and food concepts.

AXA Philippines welcomes Interbrand ranking of AXA as world’s number one

AXA maintains its status as the top insurance brand in the world for the third consecutive year. This after global consultancy firm Interbrand released its 2011 rankings for the best global brands. For 2011, AXA is ranked number one global insurance brand; 53rd best brand in the world across all categories; and fourth best French brand across all industries.

BPI takes Wealth Management into New Heights with Investment 3.0

As BPI celebrates its 160th year in the banking industry, they made another innovation to bring finance management into a new light and technology. On April 26, they introduced Investment 3.0. With the convenience of the internet and the security of its servers, this makes investors aim for great future stability with the help of Investment Councilors always available. 

Themed Investment 3.0, BPI Asset Management exhibits its latest innovation in the banking industry - BPI Investments Online, a new online facility through which the bank’s clients can maximize the use of internet to manage their assets, transact, and access their investment portfolio, without the restraint of time or place. 

Through BPI Investments Online, BPI enables customers to apply, inquire and transact investment funds via the internet platform. The project is part of the Bank’s commitment, through the Asset Management and Trust Group (BPI Asset Management), to educate and empower Filipinos on how they could build wealth through investments, thereby converting savers into savvy investors.


Clients can now enjoy the convenience of initiating investment transactions through the internet quickly, inexpensively, and virtually anytime, anywhere. With the launch of this online facility, investors can easily make transactions that would otherwise entail clients to visit their branch. Clients can now access portfolio information, explore further investment opportunities, subscribe to additional funds, redeem investments, and make regular contributions via the Regular Subscription Plan (RSP) at their utmost convenience.

AURELIO R. MONTINOLA III

President and CEO

Bank of the Philippine Islands

Mario T. Miranda

Vice President and Head of Wealth Management

Asset Management and Trust Group

MARIA THERESA MARCIAL JAVIER

Senior Vice President

Group Head and Chief Investment Officer

Asset Management and Trust Group

“With the onset of our 160th year in serving Filipinos, we are staying true to our tradition of leadership and technological innovation,” says SVP Maria Theresa Marcial-Javier, Group head and chief investment officer of BPI Asset Managment. “We continue to remain relevant and even one step ahead as we move toward technology that will make it easy for our clients to make their money work for them."

Ms. Javier adds, “We’ve migrated our investment facility online to take advantage of the pervasive internet technology that will empower our investor clients to transact anywhere at any time at their convenience. This frees up more of their precious time that could be spent on other important business agenda or with their families. Truly, growing and managing investment funds is easy with BPI Asset Management.”

Banking via the internet is getting more popular to investors for the ways it saves in time and costs. I am looking forward to make my investments in the future. It does pay to make organize investments to make us financially smart and secure.

To find out more about BPI’s Investments Online Facility and its services, interested parties may visit www.bpiassetmanagement.com, or visit any BPI branch near you.




photo credits from jeman villanueva.