BPI Direct Savings Bank
Encyclopedia
BPI Direct Savings Bank, a wholly owned subsidiary of Bank of the Philippine Islands
(BPI), is the Philippines’ first internet bank operating in a generally paperless environment with no defined geographical boundaries.
BPI Direct empowers its customers, including Filipinos around the globe and the new generation in this electronic age, to be in full control of their finances as it made banking available 24/7, wherever they may be.
on September 26, 1986, primarily as a subsidiary meant to engage in the general business of savings and mortgage banking.
In 2000, BPI Direct underwent a major image change as it became the first Philippine bank designed around the telephone and online banking channels. It wanted to provide its clients with a way to have access to their accounts 24/7, as well as to provide the convenience of traditional banking services, such as opening a savings account.
Two years later, BPI Direct realigned its business strategy towards the Overseas Filipino community, without alienating its existing clientele. Today, expatriate Filipinos in some countries with high numbers of Filipinos, such as Bahrain
or Hong Kong
, can open BPI Direct accounts, and Filipinos abroad can access their accounts from anywhere in the world. Because of this, BPI Direct decided to name itself "your bank away from home", which is its official slogan. It is owned by the Bank of the Philippine Islands
.
Romeo L. Bernardo – Director
Gil A. Buenaventura – Director
Raul D. Dimayuga – Director
Xavier P. Loinaz – Director
Elvira V. Mayo – Director
Ma. Ysabel P. Sylianteng – Director
Carlos Tan – Director
Teresita B. Tan – Director
Carlos B. Aquino – Secretary
Bank of the Philippine Islands
Bank of the Philippine Islands is the oldest bank in the Philippines still in operation and is the country's third largest bank in terms of assets, the country's largest bank in terms of market capitalization, and the country's most profitable bank...
(BPI), is the Philippines’ first internet bank operating in a generally paperless environment with no defined geographical boundaries.
BPI Direct empowers its customers, including Filipinos around the globe and the new generation in this electronic age, to be in full control of their finances as it made banking available 24/7, wherever they may be.
History
BPI Direct Savings Bank was incorporated and registered with the Securities and Exchange CommissionSecurities and Exchange Commission (Philippines)
The Philippine Securities and Exchange Commission is a Philippine state commission responsible for securities laws and regulating the securities industry. The SEC is an agency within the Philippine Department of Finance....
on September 26, 1986, primarily as a subsidiary meant to engage in the general business of savings and mortgage banking.
In 2000, BPI Direct underwent a major image change as it became the first Philippine bank designed around the telephone and online banking channels. It wanted to provide its clients with a way to have access to their accounts 24/7, as well as to provide the convenience of traditional banking services, such as opening a savings account.
Two years later, BPI Direct realigned its business strategy towards the Overseas Filipino community, without alienating its existing clientele. Today, expatriate Filipinos in some countries with high numbers of Filipinos, such as Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
or Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, can open BPI Direct accounts, and Filipinos abroad can access their accounts from anywhere in the world. Because of this, BPI Direct decided to name itself "your bank away from home", which is its official slogan. It is owned by the Bank of the Philippine Islands
Bank of the Philippine Islands
Bank of the Philippine Islands is the oldest bank in the Philippines still in operation and is the country's third largest bank in terms of assets, the country's largest bank in terms of market capitalization, and the country's most profitable bank...
.
Board Members
Aurelio R. Montinola III – ChairmanRomeo L. Bernardo – Director
Gil A. Buenaventura – Director
Raul D. Dimayuga – Director
Xavier P. Loinaz – Director
Elvira V. Mayo – Director
Ma. Ysabel P. Sylianteng – Director
Carlos Tan – Director
Teresita B. Tan – Director
Carlos B. Aquino – Secretary