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1.
Company Information
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Company Name
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Bank of the Philippine Island (BPI)
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Sector
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Financials
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Incorporation Date
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Jan 04, 1943
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Subsector
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Banks
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Number of employees
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16,692
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Board of Directors
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Chairman : Jaime Augusto Zobel de Ayala, Vice Chairman:
Fernando Zobel de Ayala
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Website / E-mail
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http://www.bpiexpressonline.com.ph /
expressonline@bpi.com.ph
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2.
Stock Information
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Total Assets
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1,799,820,000,000
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Market Capitalization
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383,282,767,837.15
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Total Liabilities
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1,617,940,000,000
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Outstanding Shares
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3,929,090,393
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Retained Earnings
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114,682,000,000
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Listed Shares
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3,927,425,488
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Listing Date
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Oct 12, 1971
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Issued Shares
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3,926,726,543
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Board Lot
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10
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Free Float Level (%)
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48.79%
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Par Value
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10.00
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Foreign Ownership Limit
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40%
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3.
Major Stock Holders
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PCD NOMINEE CORPORATION (NON-FILIPINO)
PCD NOMINEE CORPORATION (FILIPINO)
AYALA CORPORATION
AC INTERNATIONAL FINANCE LIMITED
ROMAN CATHOLIC ARCHBISHOP OF MANILA
MICHIGAN HOLDINGS. INC
|
25.81%
10.10%
21.80%
20.10%
8.68%
8.32%
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4.
Company Descriptions and Business Development
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Notes
1. Related companies: BPI, AC and GLO, ALI, MWC, POPI,
CHI, IMI
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Overview
Bank
of the Philippine Islands (“BPI”) is the Philippines’ third largest universal
bank in terms of total assets and equity capitalization. It is recognized as one of the country’s
top providers of cross-border remittances, life and non-life bancassurance
services, as well as asset finance and leasing. BPI also has a significant
capital markets presence, particularly in fixed income and equities
underwriting, distribution and brokerage. It is a significant provider of
foreign
exchange to both retail and corporate clients. The bank has the
country’s third largest branch network. Founded in 1851, BPI was the first bank
formed in the Philippines and was the issuer of the country’s first currency
notes in 1855. In 1996, it merged with City Trust Banking Corp., the retail banking
arm of Citibank in the Philippines. In 2000, BPI acquired Far East Bank &
Trust Company (FEBTC). In 2005, BPI acquired and merged with Prudential Bank.
In March 2011, it purchased the trust and investment management business of
ING Bank N.V. Manila. It also has a
full control over BPI Direct BanKo, the country’s first mobile based savings
bank. In 2016, BPI has spun off its BPI Asset Management and Trust Group (BPI
AMTG) to a newly-established Stand-Alone Trust Corporation (SATC) named BPI
Asset Management and Trust Corp. (BPI AMTC).
BPI
had 821 branches across the country, including 35 kiosk branches, as of end
2016. Additionally, there are 10 BPI Direct BanKo branches. It also has 2
overseas branch and 4 remittance centers and 14 business centers.
Business
Revenue
contribution in 2016 (in million pesos)
Consumer banking
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Corporate banking
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Investment banking
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29,225
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9,724
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6,374
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64.48%
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21.45%
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14.06%
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Interest
Income (deposit taking, lending, security investments) business accounts for
64% of total revenue. Intermediation business (service charge, commission,
etc) accounts for 36%.
Subsidiaries /
Associates / Affiliates / Joint Ventures
BPI Family Savings
Bank, Inc. (“BFSB”) serves as one of BPI’s primary vehicles for retail
deposits and is the flagship platform for retail lending.
BPI Capital Corp.
(“BPI Cap”)
is an investment house. It owns BPI Securities Corp., a stock brokerage firm.
National
reinsurance corp. BPI owns 13.69%.
BPI Philam life
assurance corporation: BPI owns 47.67%
There
are other subsidiaries for various business activities.
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