DIRECT SAVINGS

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                    [ArticleID] => 391079
                    [Title] => BPI gets conditional approval to set up branch in London
                    [Summary] => 





The Financial Services Authority (FSA) in London has approved the application of the Bank of the Philippine Islands (BPI) (Europe) Plc to establish a branch in the area, a ranking bank official said.


BPI vice president Gertie K. Sinio told the Philippine Stock Exchange (PSE) that they were informed of the approval through an e-mail message, wherein the FSA also required BPI to submit proof of its capitalization and other documents prior to its final decision.


The application for a branch in London was submitted last year.


                    [DatePublished] => 2007-03-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 384321
                    [Title] => BPI remittance biz hits $2.8B in ’06
                    [Summary] => 





The total remittance business of the Bank of the Philippine Islands (BPI) amounted to $2.8 billion in 2006, up from $2.2 billion in 2005.


BPI Direct Savings Bank president Raul D. Dimayuga said that they expect a 15-percent growth in remittance business for this year.


OFW remittances are expected to hit over $12 billion in 2006. In 2005, remittances were recorded at $10.6 billion.


                    [DatePublished] => 2007-02-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98209
                    [Title] => BPI’s home, auto loans seen to grow 16% this year
                    [Summary] => The Bank of Philippine Islands (BPI) sees a 16-percent growth in its home and auto loans this year, slightly lower than its 20-percent target, a BPI official said yesterday.


BPI senior vice president David Sarmiento said they expect to remain competitive in pricing and rates for both housing and auto loans.


On the other hand, the credit card business of the BPI group is expected to improve with billings going as high as P12 billion this year from only P7.5 billion last year.


                    [DatePublished] => 2000-12-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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BPI gets conditional approval to set up branch in London

By Ted P. Torres | March 24, 2007 - 12:00am

The Financial Services Authority (FSA) in London has approved the application of the Bank of the Philippine Islands (BPI) (Europe) Plc to establish a branch in the area, a ranking bank official said. BPI...

Business

BPI remittance biz hits $2.8B in ’06

By Ted P. Torres | February 10, 2007 - 12:00am

The total remittance business of the Bank of the Philippine Islands (BPI) amounted to $2.8 billion in 2006, up from $2.2 billion in 2005. BPI Direct Savings Bank president Raul D. Dimayuga said that...

Business

BPI’s home, auto loans seen to grow 16% this year

By Donnabelle L. Gatdula | December 13, 2000 - 12:00am

The Bank of Philippine Islands (BPI) sees a 16-percent growth in its home and auto loans this year, slightly lower than its 20-percent target, a BPI official said yesterday. BPI senior vice president David Sarmiento...

Business