The Bank of the Philippine Islands (BPI) secured seven prestigious awards at the Asian Banking and Finance (ABF) Awards 2024, solidifying its position as a leader in digital innovation, financial inclusion, and sustainability.
“We are honored to receive these awards from the Asian Banking and Finance, which reflect our strong commitment to providing excellent customer experiences across all touchpoints,” said TG Limcaoco, BPI President and CEO. “With the hard work and dedication of our teams, we will continue to develop digital and sustainable solutions that bring value to our stakeholders, and help build a better Philippines – one family, one community at a time.”
ICYMI BPI Capital clinches recognitions from 3 Asian award-giving bodies
Empowering Small Businesses
BPI’s microfinance arm, BPI Direct BanKo, Inc., won the “New SME Lending Product of the Year – Philippines” for its NegosyoKo Loan. This loan program supports self-employed micro-entrepreneurs (SEMEs) with options like the NegosyoKo Lite for smaller loans, and the NegosyoKo Loan for amounts up to Php 500,000.
Additionally, BPI partnered with Jollibee Foods Corporation to offer the JFC Agri Loan Financing, providing small farmers with affordable financing and incentives for timely repayment.
Leading in Digital Banking
BPI’s Digital Channels earned the “Open Banking Initiative of the Year” Award, showcasing the bank’s ability to innovate through its Open Banking ecosystem. This achievement reinforces BPI’s commitment to providing secure and convenient online banking experiences.
The Loans Marketplace also won the “Digital Consumer Banking Initiative – Philippines” Award for simplifying loan acquisition processes, driving customer engagement, and surpassing digital loan application targets.
MORE: Asian finance magazines give excellence awards to Bank of the Philippine Islands
Sustainability and Financial Inclusion
BPI’s Sustainability Office was recognized with the Silver award for “Environment, Social, and Governance (ESG) Program of the Year” for integrating ESG principles into the bank’s strategy. One standout product is the Green Saver Time Deposit, which promotes social inclusivity while supporting environmental projects.
BPI’s Agency Banking won the “Customer Experience Initiative of the Year – Philippines,” for expanding financial access to underserved areas through partnerships with retail sector players under the “May BPI Dito” program.
Excellence in Project Financing
BPI Capital Corporation, the bank’s investment banking arm, earned the “Best Domestic Project Finance Bank of the Year” Award for structuring a high-impact sale and leaseback deal involving telecommunications towers.
BPI’s success at the ABF Awards highlights its commitment to innovation, financial inclusion, and sustainability. Learn more about BPI’s award-winning initiatives by visiting our website today.
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Source: Good News Pilipinas
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