Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas, Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is the oldest bank in the Philippines still in operation and is the country’s second largest bank in terms of assets, the country’s largest bank in terms of market capitalization, and the country’s most profitable bank. It is owned by the Ayala Corporation – the largest conglomerate in the Philippines, and is based in Makati’s Central Business District, on the corner of Ayala Avenue and Paseo de Roxas. As of 2014, it is currently listed in Forbes as the Philippines’ largest bank in terms of market value and overall ranking.
BPI is also the oldest bank in Southeast Asia and has a long and distinguished history that spans over a century. It has either influenced or has been influenced by many nations, including parts of the former Spanish Empire, especially Mexico, and the United States. While it is considered by many as an old institution, BPI is trying to promote itself as a dynamic institution that caters to its various clients, which hail from various sectors of Philippine society.
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