BPI

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 of the more than nine million clients as of June 2022, 5.2 million were enrolled in digital platforms.

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.

The omnichannel banking offers the perfect half-way house between digital and a traditional face-to-face banking.

BPI chief digital officer Noel Santiago said money mules facilitate the transfer of illegally obtained money on behalf of someone else.

I think the hybrid work model works and is the way to go in the new normal. But for many other companies, the challenge is to find the right balance and enough political will to make it happen.

The Philippine Stock Index Fund and ALFM Global Multi-Asset Income Fund is available via GInvest, which is one of the most popular features of GCash.

Under the new all-in housing loan payment solution announced by BPI, clients now have an option to include upfront fees and charges into the loan amortizations.