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BPI is the Philippines’ largest bank in terms of market capitalization and third largest bank in terms of asset size. It has a lead position in intermediation capacity, corporate and consumer lending, remittances and electronic banking. The bank offers peso and foreign currency deposits, corporate and consumer loans, leasing, loan syndication, securities underwriting and distribution, foreign exchange, cash management, credit cards, payments and settlements, remittances, asset management services, life and general insurance.
2007 Highlights
- Net income of P10.0 B, ROE of 15.3%
- Net loans growth of 13%; SME loan growth of 20%
- Housing loans up by 34%; housing loans market share up at 24%
- Launched Step-Up Housing Loans, a first in the market
- Sold P3.6 B of NPLs to Bank of America, N.A.; NPL ratio at 3.5%
- Awarded Outstanding Commercial Bank of the Year for OFW Remittances for the second consecutive year
- Opened Bank of the Philippine Islands (Europe) Plc in London
- Purchased 742 ATMs, the largest investment in the banking industry
- Ayala Life launched Save & Protect, the first and only fully loaded retail insurance in the market
- Ayala Plans launched MyDollarFundBuilder, the only dollar pension product in the market
Strategic Initiatives
- Strengthen the ‘Customer First’ service orientation
- Grow loan portfolio by 12%
- Grow emerging business areas of middle market and small and medium enterprises lending, card banking, bancassurance and capital markets development
- Capitalize on the strengths in corporate and consumer lending, asset management, overseas banking and financial markets
- Reduce non-performing assets by 15%
- Develop risk management models to graduate to the more advanced approaches under Basel II
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Consolidated Highlights
(in million pesos, except per share amounts and ratios)
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2007 |
2006 |
| Total Assets |
637,285 |
583,133 |
| Stockholders’ Equity |
70,011 |
64,439 |
| Revenues |
32,554 |
30,601 |
| Net Income |
10,012 |
9,040 |
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Per Share |
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| Earnings |
3.78 |
3.34 |
| Book Value |
25.89 |
23.83 |
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Ratios |
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| Return-on-equity |
15.3% |
14.4% |
| NPL Ratio |
3.50% |
5.99% |
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Top Shareholder |
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| Ayala Corporation |
33.3% |
33.9% |
| DBS |
20.3% |
20.3% |
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| Stock Price Perfomance |
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2007 |
2006 |
| Year-end close |
61.50 |
63.50 |
| Year high |
72.50 |
65.00 |
| Year low |
53.50 |
43.50 |
Year-end market cap (in billion pesos) |
166.32 |
171.73 |
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| Bank of the Philippine Islands
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6768 Ayala Avenue
Makati City
1226 Philippines
Tel (632) 818 5541
Express Phone Banking (632) 89 100
Fax (632) 816 9109
www.bpi.com.ph
www.bpiexpressonline.com
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