Bank of the Philippine Islands - updates

Rappler's latest stories on Bank of the Philippine Islands


BPI suspends employee over possible Wirecard scandal involvement

Jun 22, 2020 - 7:20 PM

'The employee who may have played a part in the preparation of [falsified documents] has been suspended and is under investigation,' says BPI

BPI reviews spending plan, braces for loan defaults due to coronavirus

Apr 24, 2020 - 6:10 PM

BPI increases its buffer for loan default losses as a result of the pandemic. Executives also say the bank is 'well-positioned' for the expected rise in digital transactions.

BPI 9-month net income jumps 29.5% to P22 billion

Oct 16, 2019 - 8:05 PM

BPI's net income from January to September is just P1 billion less than the P23.1 billion it earned during the entire 2018

BPI services down on October 19 due to system upgrade

Oct 11, 2019 - 12:52 PM

Online banking, ATMs, and other services will be temporarily unavailable

BPI net income soars by 24.6% to P13.7 billion in H1 2019

Aug 01, 2019 - 1:41 PM

The Bank of the Philippine Islands boasts impressive earnings as corporate, consumer, and credit card loans jump by double digits in the 1st half of 2019

BPI customers furious over new online transaction charges

May 31, 2019 - 3:55 PM

The new charges take effect on July 1

BPI moves past system upgrade birth pains

Apr 25, 2019 - 4:35 PM

Bank of the Philippine Islands president Cezar Consing promises better services, following system upgrade problems that angered and inconvenienced clients

No payday yet for BPI clients as system problems drag on

Apr 13, 2019 - 1:15 PM

(UPDATED) No suweldo yet? BPI assures affected customers that they will receive their salaries within the day.

BPI services unavailable or limited due to 'systems upgrade issues'

Apr 11, 2019 - 2:30 PM

'Financial transactions using our banking channels are temporarily unavailable or have limited services, while branches are open to serve on a limited capacity,' says the Bank of the Philippine Islands

ADVISORY: Select BPI services won’t be available April 5-7

Mar 22, 2019 - 11:32 PM

BPI encourages clients to ‘plan their transactions accordingly’ as the bank undergoes ‘a major systems upgrade’

BPI net income inches up to P23.08 billion in 2018

Feb 20, 2019 - 5:30 PM

The Philippines' 3rd largest bank reports slightly higher earnings in 2018 amid the tightening of the central bank and high inflation

BPI postpones peso cash deposit, withdrawal fees to January 2019

Jul 04, 2018 - 7:45 PM

But 'fees for transactions other than peso deposits and withdrawals will take effect on September 1, 2018, as previously announced'

BPI to start charging for over-the-counter withdrawals, inter-regional deposits

Jul 02, 2018 - 8:00 PM

(UPDATED) BPI says it is postponing the implementation of having branch transaction fees for peso cash deposits and withdrawals to January 2019.

Photo by Alecs Ongcal/Rappler

BPI posts flat net income of P6.25 billion in Q1 2018

May 07, 2018 - 5:30 PM

The listed Ayala-led lender remains less exposed to interest rate risk, as its holding in securities only increased by 2.3% to P309.95 billion from January to March this year

FLATTISH PERFORMANCE. Net income of BPI, the Philippines' 3rd largest bank in terms of assets, remains unchanged in the first quarter of 2018, from the P6.25 billion recorded in the comparable period a year ago. Photo by LeAnne Jazul/Rappler

BPI to rebuild its headquarters in Makati

Apr 19, 2018 - 8:00 PM

When the demolition of the headquarters begins, staff there will likely be moved to various locations across Metro Manila

REBUILDING. BPI it is set to start demolishing its headquarters at the corner of Ayala Avenue and Paseo de Roxas, next year. Photo by LeAnne Jazul/Rappler

BPI expects to benefit from higher interest rates, tax reform, infra buildup

Apr 19, 2018 - 6:50 PM

In 4 to 5 years, BPI expects to raise the share of SME, retail, and microfinance loans to 35%, and reduce the share of corporate loans to 65%

EXPANSION PLANS. BPI plans to allocate P50 billion to accelerate the growth of small and medium enterprise (SME), boost digitalization efforts, enhance deposit franchise and delivery infrastructure, as well as improve its microfinance business. Photo by LeAnne Jazul/Rappler

Ayala Corp net income up 16% in 2017

Mar 12, 2018 - 4:16 PM

The net income of the Ayala Group's holding firm hits P30.3 billion in 2017, with Ayala Land leading the subsidiaries

7% economic growth 'very achievable' this year – BPI

Feb 20, 2018 - 8:50 PM

The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses

Trillanes pushes Senate probe into AMLC's refusal to cooperate with Ombudsman

Feb 16, 2018 - 10:02 AM

Senator Antonio Trillanes IV says the probe will 'question the legality' of the Anti-Money Laundering Council's refusal to give the Ombudsman 'vital' data on President Rodrigo Duterte's bank accounts

SENATE PROBE. Senator Antonio Trillanes IV wants the Senate to investigate the refusal of the Anti-Money Laundering Council to provide data needed by the Office of the Ombudsman in its investigation of President Rodrigo Duterte's alleged secret bank accounts. File photo by Cesar Tomambo/Senate PRIB

BPI net income up slightly to P22.42 billion in 2017

Feb 05, 2018 - 7:20 PM

The Ayala-led bank's net income for the entire 2017 inches up by 1.7%, lifted by its 4th quarter net income which grew 14.9%

Bulgarian man arrested in Pampanga for ATM skimming

Jan 05, 2018 - 2:16 PM

Bank guards noticed Ivaylo Sashov inserting ATM cards in succession in a BPI machine, Pampanga police say

Printing error caused 'faceless' P100 bills, BSP says

Dec 28, 2017 - 2:46 PM

(UPDATED) Investigations have been launched to validate claim over some withdrawn 'faceless' and 'faded' P100 bills

FACELESS. Earla Anne Yehey, BPI client, posts photos of withdrawn 4 pieces of P100 bills without the late President Manuel Roxas' face on them. Photo from Yehey's Facebook account

Christmas 2017 bank schedules

Dec 20, 2017 - 9:00 PM

(4th UPDATE) Here are Philippine banks' operating hours for the holiday season

BPI debuts 'fresh, bright' design for branches

Nov 21, 2017 - 10:25 PM

'[BPI] is not seen as open and as bright as competitors....but here it's fresh, bright, and it's a very modern look,' says BPI executive vice president Joseph Gotuaco

Bank schedule: Undas 2017

Oct 30, 2017 - 7:00 PM

Here are the operating hours of various banks for Tuesday, October 31 and Wednesday, November 1

BPI gets BSP nod for up to P30-B bond offering

Oct 19, 2017 - 6:00 PM

The bank plans to issue the 1st tranche of Long-Term Negotiable Certificates of Time Deposit within the year, and joins the ranks of Philippine banks raising capital for expansion

BPI ties up with WorldRemit to target OFW remittances

Sep 12, 2017 - 8:15 PM

The partnership with the UK based firm allows BPI to expand its international fund transfer service offerings

Some banks suspend operations due to Tropical Depression Maring

Sep 12, 2017 - 1:22 PM

Here s a list of banks with limited operations in areas affected by Tropical Depression Maring

Ayala Corp net income up 9.1% to P15.1 billion in 1st half of 2017

Aug 14, 2017 - 12:10 AM

BPI is the Ayala Group s top earner for the period followed by Ayala Land

BPI launches microfinance bank to target underserved entrepreneurs

Jul 25, 2017 - 7:55 PM

The new microfinance subsidiary called BPI Direct BanKo has a network of 24 branches across the country with 100 branches targeted by the end of 2017

3 foreigners arrested for ATM skimming in Pampanga

Jul 25, 2017 - 3:00 PM

The suspects – identified as a Nicaraguan Italian and Romanian – allegedly stole P339 300 from various ATMs in the province

The 3 foreigners suspected to be conducting ATM skimming activities cover their faces with their shirts as they were escorted to the conference room in Camp Olivas. (Photo by Jun A. Malig)

#ThewRap: Videos to watch this week, June 18-24, 2017

Jun 25, 2017 - 9:42 AM

Must watch videos from this week

ASSURANCE. Two of the biggest banks in the country assures the public there is no need to worry amid glitches and ATM fraud.

BPI glitch, Alvarez, Queen Elizabeth II | Midday wRap

Jun 22, 2017 - 1:41 PM

Watch the midday newscast with Acor Arceo

P46 million mistakenly withdrawn from BPI during system glitch

Jun 22, 2017 - 11:36 AM

BPI president and CEO Cezar Consing says most if not all of the amount has been returned with a majority of affected accounts involving those owned by small businesses

ADDRESSING THE GLITCH. BPI executives Joseph Gotuaco and Cezar Consing face lawmakers during a probe in the bank's system glitch on June 22. Photo by Mara Cepeda/Rappler

LIVE: House hearing on BPI, BDO glitches

Jun 22, 2017 - 8:29 AM

Watch the hearing live on Rappler

BPI, BDO take preventive measures to avoid repeat of glitches, fraud

Jun 21, 2017 - 2:48 PM

Testimonies of bank representatives before the Senate reveal loopholes that made their systems vulnerable

ASSURANCE. Two of the biggest banks in the country assures the public there is no need to worry amid glitches and ATM fraud.

BPI on June 6 glitch: '100% not a hack'

Jun 21, 2017 - 1:06 PM

BPI says an overzealous programmer is responsible for the system glitch that affected 1 5 million of its 8 million clients

LIVE: Senate hearing on BPI, BDO glitches

Jun 21, 2017 - 7:58 AM

Watch the hearing live on Rappler

Aguirre, Pimentel, May | Evening wRap

Jun 09, 2017 - 7:56 PM

Watch the evening newscast with Marguerite de Leon

Senate to probe BPI system glitch

Jun 09, 2017 - 3:06 PM

This is demanded by constituents who are not satisfied with the public statements of the bank says Senate President Aquilino Pimentel III

OFFLINE. BPI ATMS are offline while the bank fixes a system glitch. Photo by Alecs Ongcal/Rappler

BPI clients frustrated over service concerns, money woes due to glitch

Jun 08, 2017 - 11:20 PM

It s disappointing because it s BPI It s not some bank It s BPI said one customer

UNRESOLVED. 48 hours after a technical glitch that led to unauthorized transactions, BPI customers remain frustrated wby unresolved issues. Photo by LeAnne Jazul/Rappler

'Nagkakalkal ako ng barya': Clients vent over BPI glitch

Jun 08, 2017 - 10:55 PM

Scrambling for loose change after the BPI glitch? You re not alone

BPI says clients can access electronic services again

Jun 08, 2017 - 10:50 PM

These banking functions – automated teller machines ATMs online banking and mobile banking – could reportedly be accessed as of Thursday evening according to a BPI tweet

WAITING FOR ACCESSS. BPI clients wait for their turn at a branch of the bank. Photo by Alecs Ongcal/Rappler

Lawmakers seek House probe into BPI system glitch

Jun 08, 2017 - 6:05 PM

3 AKO Bicol representatives file a resolution calling for a probe into the matter as BPI clients remain unable to withdraw money through ATMs

Photo by Alecs Ongcal/Rappler

#ThewRap: Things you need to know, June 8, 2017

Jun 08, 2017 - 10:33 AM

Hello Here are the stories you shouldn t miss this Thursday

BPI still 'rectifying' mispostings on accounts

Jun 08, 2017 - 12:38 AM

UPDATED BPI issues the advisory 12 hours after it announced that it had fixed the system glitch that caused unauthorized transactions on client accounts

BPI RESOLUTION. Customers check their account after learning that their account was debited on BPI Branch in Manila. Photo by Inoue Jaena

Pagcor, BPI glitch, Trump | Evening wRap

Jun 07, 2017 - 9:42 PM

Watch evening newscast with Chay Hofileña

BPI urges clients not to 'panic' over system glitch

Jun 07, 2017 - 6:17 PM

The glitch did not affect all BPI clients although it may appear so due to social media says BPI Senior Vice President Catherine Santamaria

GLITCH. BPI Senior Vice President Catherine Santamaria briefs the media on the BPI system error on June 7, 2017

How investors view BPI's system glitch

Jun 07, 2017 - 2:28 PM

BPI s stocks remain unaffected despite the internal glitch that caused unauthorized transactions on numerous accounts

GLITCH. BPI stocks remain unaffected despite an internal error that caused unauthorized transactions on numerous accounts. Photo by LeAnne Jazul/Rappler GLITCH. Numerous clients reported unauthorized transactions on their accounts; however, BPI's stock price remains unaffected. Photo by LeAnne Jazul/Rappler

BPI glitch, Qatar crisis, Clooney twins | Midday wRap

Jun 07, 2017 - 1:12 PM

Watch the midday newscast with Zak Yuson