Corporate Banking, Business Banking
In partnership with the International Finance Corporation (IFC) of the World Bank Group, BPI was the first bank to introduce Sustainable Energy Finance (SEF) in the Philippine banking industry in 2008. The BPI SEF Program was used as a platform to help finance green projects of the private sector, with focus on Small and Medium Enterprises (SMEs).
In 2019, BPI expanded its green financing program to include sustainable agriculture alongside renewable energy, energy efficiency, and climate resilience, under the rebranded Sustainable Development Finance (SDF) Program. Aimed to reflect the growing diversity of services furthering sustainable development provided by the Bank, the SDF program also signifies BPI’s stronger commitment to the United Nations Sustainable Development Goals (UN SDGs).
Under the SDF Program, the Bank provides free technical and financial advice to both SMEs and large corporates. BPI SDF technical consultation services include as follows:
1. Valuation of project proposals/feasibility studies
2. Validation of production projection
3. Technical training
4. Calculation of potential energy cost savings
5. Review of vendor track record
6. Other forms of assistance needed in ensuring sustainability outcomes
Through these services, BPI goes beyond financing client projects by enabling SMEs and large businesses to also contribute in mitigating environment degradation. Clients are able to reduce in-house greenhouse gas emissions and reduce risk via climate-proofing their businesses. In the process, clients are also able to increase profitability via the savings generated from the financed green and sustainable projects.
For inquiries, send a message to the Sustainable Development Finance Team at email@example.com.
BPI Business Banking was established in 2018 to augment the Bank’s services exclusive for the unique needs of Small and Medium Enterprises (SMEs), which account for over 99% of total registered businesses in the Philippines.
Intended to help SMEs in the Philippines overcome hurdles inherent to growing businesses, BPI Business Banking offers fast, simple, and convenient solutions for the financial needs of SMEs.
For inquiries, send a message to the Business Banking Team at firstname.lastname@example.org.
Green Saver Time Deposit is a 5-year time deposit product that uniquely commits funding for projects with clear environmental benefits such as renewable energy, energy efficiency, and green buildings. With a minimum placement of only Php 5,000, the product features a notably attractive tax-free rate on top of contributions to environmental protection.
Due to extremely high demand, the Bank was able to meet its target volume for Green Saver Time Deposits in less than three months.
Corporate Banking, Business Banking, Global Markets, BPI Capital Corporation
Under the BPI Sustainable Funding Framework, the Bank has issued green and social bonds to fund projects with clear environmental benefits and address socio-economic issues, as aligned with the UN SDGs and the International Finance Corporation (IFC) Performance Standards.
Proceeds of the bonds are used to finance eligible green and social projects. Eligible green projects include renewable energy; energy efficiency; sustainable water and wastewater management; pollution prevention and control; and green building projects. Eligible social projects include loans to Micro, Small, and Medium Enterprises (MSMEs).
|Bond Name||Use of Proceeds||Coupon Rate||Issue Date||Maturity Date||Remarks|
|USD 300 Mn Green Bonds||Green||2.50%||10-Sep-19||10-Sep-24|
CHF 100 Mn Green Bonds
Php 21.5 Bn COVID-Action Response (CARE) Bonds
Php 20.3 Bn Reinforcing Inclusive Support for MSMEs (RISE) Bonds
Read the BPI Sustainable Funding Framework, the Second-Party Opinion by Sustainalytics, and Year-End Reports here.
BPI Direct BanKo
BPI Direct BanKo (BanKo) is the microfinance arm of BPI. Since 2016, it has endeavored to improve the economic well-being of thousands of Filipino self-employed micro-entrepreneurs (SEMEs) nationwide by creating an enabling business environment for them. True to its mission of empowering the Negosyanteng Pinoy, BanKo has provided access to easy, convenient and affordable microfinance products and provided them with an opportunity to grow and expand their businesses.
The Bank’s primary product is the NegosyoKo Loan, a microloan with affordable rates, flexible terms and simple requirements that has helped tens of thousands of micro-entrepreneurs in expanding their businesses.
BanKo is also committed to digitalization as a tool for financial inclusion. In 2019, BanKo launched a mobile app where clients can access their PondoKo Savings, an interest-bearing basic deposit account with no maintaining balance. This enables clients to easily build up their funds, manage their cash flow and make digital payments.
For inquiries, send a message to the BanKo Team at email@example.com or visit their website here.
BPI MS Insurance Corporation offers Personal Accident insurance which provides cash benefits in case of death or permanent disablement caused by an accident, with added extensions for burial expenses, and cash assistance in case of fire, flood, typhoon, and/or earthquake.
For more information, visit the BPI MS Insurance Corporation website here.
In 2020, BPI-Philam Life Assurance Corporation (BPLAC), now BPI AIA Life Assurance Corporation (BPI AIA), launched the Bayan Family Protect Plan, an affordable life insurance that secures financial assistance for your family in case of unexpected circumstances. It is available in Plan Php 30 and Plan Php 60 for individuals, and Plan Php 90 for families of up to 5 members.
In 2022, BPI AIA launched PamilyaProtect which is an affordable and accessible life insurance product designed to instantly protect clients and their families from unexpected events such as medical emergencies, accidents, or death. With monthly payments as low as Php 500, PamilyaProtect gives the underserved sector access to financial protection.
For more information, visit the BPI AIA website here.
BPI Wealth has a selection of investment funds whose proceeds are allocated to projects with environmental, social, and governance (ESG) benefits.
Launched in 2017, the BPI Invest Catholic Values Global Equity Feeder Fund intends to achieve for its participants long-term capital growth by investing in a target fund that selects securities based on Catholic ethical, environmental, social and governance metrics.
In 2022, BPI Wealth launched the BPI Invest Sustainable Fund Suite, which is a selection of investment funds that seek to address sustainability issues including climate change, renewable energy, resource efficiency, and inequality – all while seeking to deliver long-term financial returns.
The fund suite is the first of its kind, offering various sustainability investment options that meet the needs of investors with varying risk appetites.
For inquiries, send a message to the BPI Wealth Team at firstname.lastname@example.org or visit their website here.
In 2022, BPI Capital became the mandated Lead Arranger for the world’s first energy transition financing deal, wherein proceeds are used to accelerate the decommissioning of coal power plants and support renewable energy. The Php 13.7 billion deal was arranged for South Luzon Thermal Energy Corporation, a wholly-owned subsidiary of Ayala-led ACEN Corporation, in line with the Ayala Group’s “net zero” target through 2050.
Read more about BPI’s sustainable products and services in the BPI Integrated Reports here.