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| BPI’s first branch in Cebu on Calle Norte America now D. Jakosalem Street. |
In a landmark achievement, Cebu province and city have officially recognized the Bank of the Philippine Islands (BPI) as a key partner in nation-building through the passage of Sangguniang Panlalawigan Resolution No. 16-185-2024 and Sangguniang Panlungsod Resolution No. 1736-2024. As the pioneering bank to operate in Cebu, these resolutions also commemorate BPI's centennial year of banking in the region.
The Sangguniang Panlalawigan Resolution No. 16-185-2024 noted: “BPI has been instrumental in Cebu’s economic advancement, offering crucial financial services and support to various sectors, which has significantly contributed to the province’s growth and development.” Meanwhile, the Sangguniang Panlungsod Resolution No. 1736-2024 highlighted: “On August 1, 2024, BPI Cebu celebrates its 100th anniversary of banking operations in Cebu City, marking a century of steadfast partnership with the local community.”
In response to this recognition, BPI President and CEO TG Limcaoco remarked, “We are deeply honored by this acknowledgment from both the provincial and city governments as we mark a century of BPI’s presence in Cebu. These resolutions underscore our stability and resilience and motivate us to continue positively impacting the region’s economic and social landscape, in line with our vision of supporting progress and development.”
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| BPI Cebu Main Branch at Magallanes cor. P. Burgos Street where the BPI Museum Cebu is located. |
ABOUT BPI
Established 172 years ago, the Bank of the Philippine Islands is the Philippines' and Southeast Asia's first bank. Licensed by the Bangko Sentral ng Pilipinas as a universal bank, BPI offers a wide array of financial services, including deposit-taking, cash management, payments, lending, asset management, bancassurance, investment banking, securities brokerage, and foreign exchange. With a strong financial foundation supported by robust Tier 1 capital adequacy ratios and stringent risk management practices, BPI maintains significant financial strength and profitability. For media inquiries, contact nmcrobles@bpi.com.ph. For investor relations, reach out to investorrelations@bpi.com.ph. Visit us at Ayala Triangle Gardens Tower 2, Paseo de Roxas, corner Makati Ave., Makati City 1226 PH or online at www.bpi.com.ph.
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