BPI Family Savings Bank celebrates 32 years as Filipino families’ partner to progress
MAKATI CITY, Philippines—As the country’s premier thrift bank celebrates its 32nd anniversary, recently named president Maria Cristina “Ginbee” L. Go focuses on the vital role of BPI Family Savings Bank in partnering with Filipino families to achieve their life goals, thus contributing to the national agenda of inclusive growth.
The 2013 Bangko Sentral ng Pilipinas Report on Financial Inclusion in the Philippines noted that only two out of 10 Filipino households have savings accounts, meant mainly to set aside money for education and emergencies.
“Many Filipinos aspire for a better life, but there are still those who are afraid to make critical financial decisions, fearing that these decisions could disrupt their families’ budgets. We want Filipinos to know that they can be confident in partnering with us as they work toward their family’s progress,” said Go. “For BPI Family Savings Bank, it’s the family that matters the most, and they remain at the core of what we do to deliver expert financial advice, as well as innovative and affordable products and services.”
Go noted that BPI Family Savings Bank’s family-focused approach contributes to greater financial inclusion by encouraging more Filipinos to adopt the habit of saving, strive for their dream business with the the Ka-Negosyo Loan, or achieve their family’s goals of owning a car or a home with the Housing and Auto Loans.
Go also intends for BPI Family Savings Bank to intensify its contribution to inclusive economic growth by reaching out to the unbanked and underbanked. “We aim to reach more Filipino families through the expansion of our branch network. Currently, we have over 156 branches across the country, but we still see greater opportunities in catering to more Filipinos in the provinces to ensure an overall strong economy that fosters inclusive growth,” adds Go. BPI Family Savings Bank plans to add six more branches by end of 2017.
Today, BPI Family Savings Bank stands as the largest thrift bank in the country in terms of assets with P271 billion, and recorded a net income of P4.4 billion in 2016. The bank owes its large asset base to Housing and Auto Loans, comprising 52% and 25% of the loan base, respectively.
“We are inspired to keep improving access to our financial advice and solutions, to empower Filipino families to pursue their aspirations. Our clients can be confident in BPI Family Savings Bank as their family’s partner for growth,” said Go.
ABOUT BPI FAMILY SAVINGS BANK
BPI Family Savings Bank is the Philippines’ largest thrift bank and one of the Philippines’ largest providers of consumer loans. It has significant presence in home mortgages, auto loans, and small business loans (Ka-Negosyo). It promotes easy access to its deposit and consumer loan products through its 156 branches nationwide. It has a dedicated website, bpiloans.com, for loans, and supports its applications with credit scoring and processing systems that enhance its responsiveness to clients.