Savings Consciousness Week

Pursuant to Presidential Proclamation No. 380 series of 1994, the Bangko Sentral ng Pilipinas (BSP) enjoins all banks to promote Savings Consciousness Week 2022, which will run from June 30 to July 6, 2022. This year’s theme is Moneygurado! Mag-impok sa bangko para asenso ay sigurado. Continue Reading

BPI Direct BanKo opens nine branches to expand network, support SEMEs nationwide

BPI Direct BanKo, the microfinance arm of the Bank of the Philippine Islands (BPI), continuously expands its branch network to reach out to more unserved and underserved communities nationwide, particularly the Self-Employed Microentrepreneurs (SEMEs). BanKo’s newest branches that are ready to serve communities within the area and nearby municipalities are in Coron, Palawan; Bocaue, Bulacan;… Continue Reading

20th Depositor Protection and Awareness Week (DPAW)

The Philippine Deposit Insurance Corporation (PDIC) will lead the nationwide observance of the 20th Depositor Protection and Awareness Week (DPAW) on June 16 to 22, 2022, as provided for by Presidential Proclamation No. 358 s. 2003 in support of the government’s thrust of sustaining economic growth and PDIC’s mandates of depositor protection and financial stability. The theme for… Continue Reading

Summer Saya sa PondoKo

Summer Saya sa PondoKo is an instant gratification program where clients will get rewarded when they register and transact in BanKo Mobile.  Program guidelines are as follows: 1. Program is open to new and existing SEME clients.2. Client must enroll in BanKo Mobile and make his first transaction within the program period.3. Qualified clients will… Continue Reading

Updated Transaction Fees via accredited BanKo Cash Agent and BanKo Mobile

Please be advised of the new transaction fees Effective June 1, 2022. Via BanKo Mobile To any BPI Account – Php 25 Effective August 1, 2022.Via BanKo Cash Agents Deposit with BanKo Mobile Within Php5,000 per month – FREE In excess of Php5,000- Php1 per Php100 Deposit without BanKo Mobile To any BanKo Account – Php1 per Php100… Continue Reading

Updated PondoKo Savings Interest Rate

Effective October 1, 2021, please be advised that adjustments on interest rate of PondoKo Savings will be implemented. You may click the link here for the details: https://www.banko.com.ph/savings/pondoko-savings-account/ Continue Reading

BPI Direct BanKo taps IFC to strengthen and further digitalize microfinance operations

  BPI Direct BanKo President Jerome Minglana signed a Memorandum of Agreement with the International Finance Corporation, represented by Qamar Saleem, IFC’s Manager for Advisory Services, Asia and Pacific, to identify additional opportunities to help self-employed micro-entrepreneurs and to implement new products and services in order to bolster the recovery from the pandemic, which has… Continue Reading

Updated Transaction Fees via BanKo Mobile

Effective October 1, 2021, the Transfer Funds or Send Money facility to other local banks and e-money issuers in BanKo Mobile App will have a fixed fee of P25.00 per transaction regardless of amount. For the complete transaction fees, please click this link: https://www.banko.com.ph/savings/pondoko-savings-account Continue Reading

AMLC Regulatory Issuance No. 5 S2021: Guidance for De-Listing and Unfreezing Procedures

Upon the request of the National AML/CFT Coordinating Committee (NACC) Secretariat, we are providing the link to access the guidance on de-listing and unfreezing of funds and other assets related to targeted financial sanctions under the proliferation financing legal framework of the Philippines. Link: AMLC Regulatory Issuance No. 5 S2021: Guidance for De-Listing and Unfreezing Procedures Continue Reading

To borrow or not to borrow? Debunking entrepreneurial myths to grow a business

The sustainable growth of the micro, small, and medium enterprise (MSME) sector in the country rests on the availability and accessibility of funds—be it on hand or through loans—that could help them cater to more clients by increasing inventory levels or expanding business operations. Specific to micro-enterprises, some banks, in recent years, have been building… Continue Reading