The Bank of the Philippine Islands (BPI) has introduced new loan products and programs designed to help small and medium enterprises (SMEs) navigate current business challenges and embrace emerging market opportunities.
BPI said that while many companies purposely reduced expenses during the pandemic, it spent nearly P9 billion or about 9% of total revenue in 2021 on technology, including new digital initiatives such as building and improving customer engagement platforms and onboarding new partners in its open banking business.
Construction of the headquarters complex is expected to be completed in the fourth quarter of 2029, while the opening of the building is expected in 2030.
Ayala-owned Bank of the Philippine Islands (BPI) recently launched BPI BizKo, a subscription-based digital banking platform that allows micro, small, and medium enterprises (MSMEs) to manage their business finances and provides an integrated online system for invoicing and collection.