The Bank of the Philippine Islands is adding four more branches in Negros Island this year to keep up with the demands of the changing economy and financial inclusivity of the two provinces, its president and chief operating officer said yesterday.
BPI President and CEO Cezar Consing in a media interview in Bacolod City yesterday said that before, it was just on the sugar industry that Negros depended on for its development, but now industries like the Business Process Outsourcing and Real Estate are entering and is changing the landscape.
“These two industries have helped redefine the local economic landscape and will generate more jobs for Negrenses,” he said, adding that Negros is becoming more financially inclusive.
Currently, BPI has a total of 19 branches in Negros Island, for both BPI and BPI-Family Savings Bank, 11 of which are located in Bacolod City, he said.
In the new additions, Bacolod will have another 3 located at the Ayala Malls Capitol Central, in Sum-ag, and in the east side of the city, while the other will be in Dumaguete City, Negros Oriental.
This was announced during a roundtable discussion at the BPI Bacolod Capitol Subdivision Branch that was attended by Consing, BPI Executive Vice President Ramon Jocson, Area Business Director for Negros Cristina Sy, and VisMin Division Head Raul Dimayuga.
As of this month, BPI has about 220,000 clients, excluding 15,000 from the Family Savings Bank and about 2,000 from their BPI Direct Banko business bank intended for self-employed and micro enterprises (SEMEs) in Negros, Consing said.
With this number of clients, 80 percent are from Metro Bacolod and Dumaguete, he said. However, this does not mean that the business is not doing well in the rural areas, he added.
BPI’s Banko has 10 branches all over Negros, which are established into various towns. This year they will open an additional three, and in the next years they will add more for their Family Savings Bank, Dimayuga also said.
Direct Banko, that was launched last year, aims to finance SEMEs who usually resort to informal lenders. This business bank offers P25,000 to P300,000 loan packages, Consing said.
They have different service segments to cater to more people as they have different banking and loan needs, he said, adding that in the progressing economy of Negros, they could lead the way towards making it more financially inclusive through innovations in banking.*MLG
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