Bank of the Philippine Islands (BPI) was recently recognized as the Best Bank in the Philippines for 2020 by Euromoney, the prestigious global financial publication.
Euromoney cited BPI's multi-year digital transformation journey and the success of its investment banking division, which in 2019 generated almost three times the revenues of the prior year.
"We are committed to providing our customers with innovative and relevant financial solutions, in good and bad times," said BPI President and CEO Cezar P. Consing. "We are the country's first ever bank, and our longevity is built on being ready today, ready tomorrow."
According to Euromoney, "Bank of the Philippine Islands is a port in a storm -- and right now, we are in a storm. It isn't the country's biggest bank as measured by assets. But the Ayala-backed BPI has a higher tier-1 capital adequacy ratio (15.19% at the end of March 2020) compared to its chief rival."
Celebrating its 169th year, BPI's reputation has been built on trust, stability and nation building.
Established in 1992, the Euromoney's Awards for Excellence is the first of its kind in the global banking industry. This year, Euromoney received almost one thousand submissions from banks in its Regional and Country Awards program, which covers more than 50 regional awards and best bank awards in close to 100 countries.
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