BANK OF THE PHILIPPINE ISLANDS Profile

Founded in 1851, Bank of the Philippine Islands (BPI) was incorporated on January 4, 1943and went public on October 12, 1971. In the post World War II era, BPI evolved from apurely commercial bank to a fully diversified universal bank with activities encompassingtraditional commercial banking as well as investment and consumer banking. Thistransformation into a universal bank was accomplished mainly through mergers andacquisitions when it absorbed an investment house, a stockbrokerage company, a leasingcompany, a savings bank, and a retail finance company.BPI has two major categories for products & services. The first category covers its deposittaking and lending/investment activities. The second category covers services other thanand auxiliary to the core deposit taking, lending, and investing business, and from which isderived commissions, service charges & fees from turnover volume.The Company's principal subsidiaries are composed of BPI Family Savings Bank, Inc., BPICapital Corporation, BPI Leasing Corporation, BPI Direct Savings Bank, BPI InternationalFinance Limited, Hong Kong, BPI Express Remittance Corporation, Bank of the PhilippineIsland (Europe) Plc, Ayala Plans, Inc., and BPI/MS Insurance Corporation.As of December 2010, BPI has 809 branches across the country, including 105 kiosks and 5overseas branches. While BPI's ATM network, known as the ExpressNet, has a total of 2,542ATMs servicing customers nationwide.
http://www.bpi.com.ph