BanKo receives Special Citation on Digitalization at the Digital Financial Inclusion Awards
BPI Direct BanKo, Inc. (BanKo), the microfinance arm of the Bank of the Philippine Islands (BPI), received a special citation for its pioneering digitalization efforts at the 3rd Digital Financial Inclusion Awards (DFIA).
Supported by the Bangko Sentral ng Pilipinas (BSP) and organized by the Microfinance Council of the Philippines, Inc. (MCPI) in partnership with Citi Foundatio , DFIA honors microfinance institutions and micro- entrepreneurs who have transformed businesses and communities through remarkable digitalization. BanKo was one of the four microfinance institutions (MFIs) recognized in the awarding ceremony.
“We are grateful to the BSP and MCPI for this recognition. BanKo’s journey exemplifies the transformative power of digital solutions in driving financial inclusion, helping Filipinos thrive in the digital age,” said Rod Mabiasen, Jr., BanKo President. “By providing accessible and innovative products, we will continue to help our clients, especially the self-employed micro-entrepreneurs (SEMEs), take control of their financial well-being and build a better future. Dahil dito sa BanKo, may ngiti ang bukas mo.”
BanKo continues to redefine banking by enhancing and expanding its digital touchpoints. With the BanKo Mobile App, customers gain access to a variety of services, including interbank money transfers, bill payments, and loan management. With the straight through onboarding facility of the app, more Filipinos can open TODO savings account within a few minutes, and enjoy 5% annual interest rate.
Through its flagship NegosyoKo Loan, BanKo has also transformed lending for SEMEs, offering convenient and affordable access to vital capital ranging from PHP15,000 to PHP500,000, with flexible tenors spanning six to 60 months. A borrower can initiate loan application and loan reavailment at the comfort of her store via BanKo Mobile App and the BanKo Loan Application Portal.
In 2024 alone, BanKo disbursed over PHP 21 billion in loans to more than 200 thousand3 SEMEs, marking a significant 53% growth in its loan portfolio. This achievement solidifies BanKo’s position as one of the country’s largest microfinance banks.
Now with 369 branches and branch-lite units, situated in 77 out of 82 provinces nationwide, BanKo continues to stand at the forefront of digital financial inclusion, fostering economic empowerment, and catalyzing sustainable growth across diverse sectors in the Philippines.
