BanKo: Empowering lives, sustaining growth and leading financial inclusion

Source: Inquirer In the transformative year of 2023, BPI Direct BanKo Inc., A Savings Bank (BanKo)— the microfinance arm of the Bank of the Philippine Islands (BPI)— has achieved remarkable milestones, firmly establishing its commitment to sustainable growth and financial inclusion. Successfully reaching the Self-Employed Micro-Entrepreneurs (SEME), BanKo has emerged as a catalyst for economic… Continue Reading

BPI’s BanKo celebrates 7th merger anniversary

Source: Business Mirror BPI Direct BanKo Inc. (BanKo), the microfinance arm of the Bank of the Philippine Islands, has celebrated its seventh merger anniversary with focus on its mission to become the most trusted microfinance partner of self-employed microentrepreneurs. “Our anniversary signifies BanKo’s enduring vision to help build a better Philippines – one family, one… Continue Reading

BanKo disburses P14.2 billion loans to small businesses

Source: Philippine Star MANILA, Philippines — The microfinance arm of Ayala-led Bank of the Philippine Islands (BPI) has disbursed over P14 billion in business loans to self-employed microentrepreneurs (SEMEs) this year. BPI Direct BanKo Inc. chairman Josephine Ocampo said the bank continues to ramp up initiatives to become the most trusted microfinance partner of Filipinos… Continue Reading

BPI microfinance arm ramps up digitalization to reach more Pinoys

source: Newsbytes.PHOctober 4, 2022 | 6:02am The Bank of the Philippine Islands (BPI) is accelerating the digitalization of BanKo, its microfinance arm, in an attempt to offer digital banking to more Filipinos while expanding its “lite” branches across the country. “Digital banking has become a necessity now. This is the reason BanKo continues to innovate… Continue Reading

PTTC to launch training program for pandemic hit entrepreneurs

source: Catherine Talavera – The Philippine StarAugust 30, 2022 | 12:00am MANILA, Philippines — The training arm of the Department of Trade and Industry (DTI), in partnership with the BPI Foundation and BanKo, is set to launch a program aimed at helping pandemic-hit entrepreneurs recuperate. In a statement, the Philippine Trade Training Center-Global MSME Academy… Continue Reading

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

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

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