BPI merges with BPI Family Savings Bank

BPI has recently started to merge with BPI Family Savings Bank, forming a synergy that will benefit the banks’ customers.

The initiative aims to provide BPI customers more branches for easier processing of transactions and reliable service from auto loans, housing loans, and higher-yielding deposit products. This also includes the full suite of the BPI group’s products in its digital platforms.

This also prepares both banks for further digitalization, allowing seamless engagement from its online channels.

According to the digital statement shared by BPI president & CEO Cezar P. Consing to BPI customers, both financial institutions are currently awaiting shareholder and regulatory approvals.

“Similarly, as One BPI, our employees will have the ability to work across a larger, more varied bank, while having continuity of tenure and job level,” Consing shared on a report with Inquirer.

At present, BPI Family Savings Bank has assets, deposits, and loans amounting to PHP 287 billion, PHP 235 billion, PHP 227 billion in loans.

Source: BPI, via Inquirer