Bank of the Philippines Islands (BPI) was established in 1851 as the first bank in the Philippines and in

Southeast Asia.

As the senior financial institution to response to the widespread climate change issues that was prevalent at
the time. Global climate change is still prevalent today, which is why BPI has not stopped working and has in
fact grown. This organization all several businesses to dedicate time and financial resources to contribute to
the alleviation of climate change.

BPI has been engaged with UN in doing social development work in our immediate neighborhood. ACEN is a
… company;

That kind of criticism probably stems from a lack of appreciation of human motivation. Of course it’s good
business to be a good corporate citizen but at the same time the people who run the business are human
beings, who have humane motivations. They could be Christians, they could be Jews, they could be Muslims,
but all are responding to perhaps a higher religious calling, or even if they don’t believe in any higher divine
power, they are human beings. So corporate citizens respond to multiple motivations that may be satisfiable
by a single action. While it may be true that corporations find it is good business to be good corporate
citizens, you cannot take it away from them that they are also being motivated by some altruistic impulses;
both are true, they need not be in conflict.

How do you think business can assist the State in coming up with more socially and ethically responsible and
equitable policies in traditionally underdeveloped parts of the country, like Mindanao?

Business has a significant influence on policymaking. The recent change in government in the Philippines
was initiated by, among others, businessmen. I was in the streets in late December, early January of this
year. I was on record before TV cameras calling for the resignation of the President and his entire cabinet,
reading a statement of the Management Association of the Philippines, together with a dozen other
business associations. I would have been in a lot of trouble if Estrada had not stepped down.

President Gloria Arroyo was the constitutional successor of Estrada. She happens to be very popular with
the business community because she speaks the same language, she’s a trained economist, she has a PhD in
economics, has taught economics, was a bureaucrat, was a senator and has a very good head on her
shoulders; she is also a very tough lady.

So business, in advocating policies, can help government. Business, in actually undertaking responsibilities
normally outside of what narrow-minded businessmen might consider its purview, would be helping the
government. Strictly speaking, doing PBSP work is outside the profit-making activities of a business
organization, but in the broader context of a business existing as a citizen of society, it is not outside the
purview of a businessman to be involved in making sure that the context within which he does business has
sound foundations.

My customer is a human being, my employee is a human being, my supplier is a human being, and why do
we exist? It is for the betterment of the human person. Anything we do that does not contribute to the
betterment of the human person is of questionable value. For business to legitimately, it exist has to have a
contribution to the betterment of the human person.
 Company Profile

Bank of the Philippine Islands (BPI), originally known as El Banco Español Filipino de Isabel II, is the first and
the oldest bank in both the Philippines and Southeast Asia. Its history of trust, financial strength, and
innovation makes it a recognized leader in the banking industry since 1851 and is strongly intertwined with
the economic and social development in the Philippines. As a fully diversified universal bank, along with its
subsidiaries and affiliates, it offers an array of financial services, including consumer banking, corporate
banking, investment banking, asset management, insurance services, payments, foreign exchange, leasing,
and securities distribution.

As a leader in the digital banking space, BPI continuously enhances and develops digital infrastructure that
includes automated teller machines (ATMs), cash acceptance machines (CAMs), BPI Express Assist (BEA)
machines, point-of-sale (POS) debit systems, phone banking, internet banking, and mobile banking to
provide a better digital banking experience. The Bank has 2,323 ATMs and 499 cash acceptance machines
(CAMs) with a total of 2,822 ATM networks as of end-2019.

As the second-largest branch network, BPI has 867 branches nationwide as of end-2019. There are 300 BPI
Direct BanKo branches and Branch Lite Units (BLUs) are geographically placed. Overseas, the Bank has one
(1) business office (BPI IFL) and three (3) remittance centers in Hong Kong, two (2) BPI Europe offices in
London, and two (2) remittance centers in UAE and in Japan. x

BPI was established on August 01, 1851, and is now headquartered at Ayala North Exchange Tower 1, Ayala
Avenue corner Salcedo Street, Makati City as its original head office is currently being redeveloped at the
corner of Ayala Avenue and Paseo de Roxas. It was formally incorporated as a domestic commercial bank on
January 4, 1973, and listed on the Philippine Stock Exchange on October 12, 1971. BPI has long been a part
of the Ayala Corporation conglomerate in the Philippines.

Sources: SEC Form 17-A , (2019); https://edge.pse.com.ph/companyInformation/form.do?cmpy_id=234

History of BPI

Key Dates:
1828: King Ferdinand VII of Spain issues a decree authorizing the formation of Bank in the Philippines.
1851: El Banco Español Filipino de Isabel 2 was founded.
1898: The first Filipino institution after United States takes over the Philippines from Spain.
1912: Change its name to Bank of the Philippine Islands (BPI).
1969: Ayala Corporation acquires control of BPI.
1974: Acquired Peoples Bank and Trust Company.
1980: Started Leasing operations
1981: Acquired Commercial Bank and Trust Company
1981: First to introduce ATMs
1982: BPI as a universal bank.
1986: Introduced the First Expressnet, an interbank network.
1995: Acquired First Cavite Savings
1996: Acquired City Trust Banking Corporation
2000: Acquired Far East Bank and Trust Company
2000: Established BPI Direct Savings Bank , an internet bank.
2000: Formed the First Philippine bank assurance firm
2002: DBS Bank Philippines
2003: Spun off re-insurance operations into Universal Malayan Reinsurance Corporation.
2005: Acquired Prudential Bank
2011: The first bank in the Philippines to a acquire trust and investment foreign bank, ING Bank N.V. Manila.
2014: Partnered with Century Tokyo Leasing Corporation and formed BPI Century Tokyo Lease & Finance
Group. BPI has 51% ownership.
2015: Partnered with Global Payments (“GPN”), an Atlanta-based, NYSE- listed provider of international
payment services. BPI has 49% ownership.
2016: Partnered with Rizal Bank, Inc (“RBI”), a microfinance bank. BPI owned 10% minority stake.
2016: Full control over BPI Globe BanKo and formed BPI Direct BanKo, Inc., a savings bank.
2016: Set-up of BPI Asset Management and Trust Corporation (BPI AMTC), as a stand-alone trust
corporation.
2017: Commenced operation of BPI AMTC.
2019: Partnered with PhilAm Asset Management, Inc.
2020: BPI Investment Management, Inc. (BIMI) assumed the management and distribution of nine (9)
mutual funds previously by PhilAm Asset Management, Inc (PAMI)