Nowadays you can hardly find a person in Philippines who don’t know about the Bank of Philippine Islands or BPI as many Philippine citizen and other people used to call it. Today the BPI bank is one of the most popular bank in the Philippines area and the number of its clients continues to grow rapidly. But how did everything started and what was in the very beginning of bpi history? In this article we will tell you about the main moments in BPI’s history and its long way to the top. You will also be able to find here all necessary information about the bank branches and BPI banking hours.
History of the Bank of the Philippines Islands
Being today the real pride of Philippines, BPI or Bank of the Philippines Islands was founded in the year of 1851. At that time, it was the first bank not only in Philippines, but also in the whole Southeast Asian region. The foundation of such a great bank was a real breakthrough in the financial world of that times. The first name of BPI bank was El Banco Español Filipino de Isabel II and it performed such financial operations as printing currency and providing credits to the National Treasury. At that time, it was the main Central Bank of the whole country and even today, when the number of different banks grows with an overwhelming speed, the BPI bank remains the main bank of the Philippine Islands. This bank was the start point of the finance industry in Philippines, and today it is a universal bank which is considered to be the main provider of all financial services in Philippine Islands area.
Nowadays the ownership of BPI is divided the following way:
- Main shares belong to PCD Nominee Corporation (33.7%), the next part belong to bpi owner Ayala Corporation, which together with Ayala DBS Holdings own the 21.8% and 21.3% of BPI’s shares respectively.
- Smaller part of shares belongs to AC International Finance Limited (8.7%) and to Roman Catholic Archdiocese of Manila (8.4%).
- The smallest part of BPI’s shares (2%) is owed by Michigan Holdings.
Main branches and ATMs of the Bank of the Philippines Islands
BPI head office is located in Makati, Philippines. As it was mentioned above, Bank of the Philippine Islands is the first bank in the Philippines area and one of the leading banks in the Europe. Nowadays there are around eight hundred bpi branches not only in Philippines, but in Europe and Hong Kong also. According to the latest information, the number of bpi ATMs has reached three thousand and continue growth.
When can I visit BPI’s branch?
Due to the large number of BPI’s branches it is impossible to set the same banking hours for all of them. As a rule, bpi office hours are from 9.00am till 4.30pm, but there is also a list of branches with the extended banking hours which work from 9.00am till 6.00pm. Detailed information about each branch can be found on the official website of BPI. There you can also find a list of branches which are opened on Saturdays.