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

RestartME and BPI: Digital financial solutions can speed up MSME recovery

The growing digital connectivity among Filipinos is leading small businesses to adapt to the next normal, according to a study by local NGO Restart Microenterprise Inc. (RestartME), together with the Bank of the Philippine Islands (BPI) Foundation, BPI Direct BanKo, and social impact expert group FSG, Inc. The Collective Action Secretariat to Enhance Resilience among… Continue Reading

BPI Direct BanKo Partners with Rare Philippines to Empower Fisher Community

BPI Direct BanKo, Inc., the microfinance arm of Bank of the Philippine Islands (BPI), recently forged a partnership with Rare Philippines to provide banking services and financial access to all member fishers and their beneficiaries. Rare Philippines is a non-profit organization that empowers near-shore fishing communities to sustainably manage their fisheries while increasing food security,… Continue Reading

BPI BanKo Shares Tips to Help Micro-entrepreneurs Survive During COVID-19

Amid the confusion and many challenges caused by COVID-19, BPI Direct BanKo, the microfinance arm of the Bank of the Philippine Islands (BPI), continues to give guidance to its micro-entrepreneur clients in  facing the new normal. “Our clients need our support and guidance especially during these trying times. We understand their situation, and as their… Continue Reading