BanKo, or BPI Direct BanKo, inc was founded by two divisions of Bank of the Philippine Islands. It appeared due to the successful combination of Globe BanKO (the first Philippine mobile savings company) and Direct Savings Bank (the first Internet banking system for citizens living in the Philippines).
The main purpose of a financial organization is to provide residents of the country with profitable loan products, assistance in developing self-employed entrepreneurs, and improving the quality of life for clients. Also, the activities of the company contributes to the economic growth of the Philippines.
Bank of the Philippine Islands is legally considered the first bank in South-East Asia and the Philippines.
Initially, Direct Savings Bank was one of the subsidiaries of BPI. Before its appearance, in the Philippines there had never been fully automated Internet banks. After its appearance, residents were able to monitor the status of their personal account, order services remotely.
At the Securities and Exchange Commission, BPI Direct Savings Bank successfully registered on September 26, 1986. From that moment on, it is officially registered as a subsidiary. The image of a financial organization has changed dramatically by the year 2000. From this point on, the company begins to actively engage in telephone and Internet channels, so now all bank customers can get an access to its services at any time of the day.
After the merger with BPI Globe BanKo, which took place in December 2016, a branch of BPI Direct BanKO Inc. appeared. Now the main task of the latter is the provision of affordable, profitable banking offers that individuals as well as legal entities can use. Such companies as Globe Telecom and Ayala Corporation participated in the creation of the division.
Now Bank of the Philippine Islands has an expanded banking license and provides a wide range of financial services: for example, consumer lending, banking, distribution of securities, brokerage, investment and corporate banking, leasing, insurance, asset management. A firm can be considered a full-fledged leader in the area: this is facilitated by high market capitalization, increased shareholder return.
The property of Banko
The bank actively trades its shares, you can buy them directly. Shares of the financial organization BPI Direct BanKo are divided between large legal entities, holdings, corporations:
- Roman Catholic Archdiocese of Manila – 8,5%.
- Ayala DBS Holdings – 21,3%.
- PCD Nominee Corporation – 33,7%.
- Michigan Holdings – 2%.
- AC International Finance Limited – 6,7%.
- Ayala Corporation – 21,8%.
Previously, the shares were divided equally between Ayala Corporation, Bank of the Philippine Islands and Globe Telecom. In 2015, the shares remaining with the co-founder of the banking organization were returned to BPI.
One of the largest shareholders of a financial company is the Philippine Central Depository. In fact, it is the nominal shareholder and trustee. This is not one shareholder or owner, but several.
Main branches and ATMs of Banko
You can find an ATM to deposit or withdraw funds from your account in almost any area. It is the largest bank in the country, so finding the nearest branch will not be a problem either. A complete list of branches you will find on the official website of the financial company. Below are the largest offices of the bank.
Head Office: 220 Ortigas Avenue, BanKo Center, North Greenhills, San Juan City, Metro Manila
G/F 98 A. Mabini Street Maypajo, Caloocan City, Metro Manila
St. Anthony Bldg., Aurora Blvd., Brgy. E. Rodriguez, Cubao, Quezon City
You can contact the company’s employees and receive a personal consultation by the following telephone numbers:
- (02) 936 8883;
- 0917 5927342;
- (02) 754-9980;
- 0905 4539010;
- 0929 4767513.
You can also get detailed information on bank products by writing to e-mail [email protected].
Online you will be able to check your account balance from anywhere in the world, even while traveling. Directly from your personal account you can make a money transfer, pay for mobile services, insure your life, take a loan or repay the debt. The mobile service is simple and also convenient for controlling the personal finances of clients.
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