February 26, 2017, 1:28 pm
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1 Philippine Peso = 0.07316 UAE Dirham
1 Philippine Peso = 2.54134 Albanian Lek
1 Philippine Peso = 0.03547 Neth Antilles Guilder
1 Philippine Peso = 0.30584 Argentine Peso
1 Philippine Peso = 0.02581 Australian Dollar
1 Philippine Peso = 0.03566 Aruba Florin
1 Philippine Peso = 0.03985 Barbados Dollar
1 Philippine Peso = 1.58916 Bangladesh Taka
1 Philippine Peso = 0.03686 Bulgarian Lev
1 Philippine Peso = 0.0075 Bahraini Dinar
1 Philippine Peso = 33.57502 Burundi Franc
1 Philippine Peso = 0.01992 Bermuda Dollar
1 Philippine Peso = 0.02801 Brunei Dollar
1 Philippine Peso = 0.13648 Bolivian Boliviano
1 Philippine Peso = 0.06094 Brazilian Real
1 Philippine Peso = 0.01992 Bahamian Dollar
1 Philippine Peso = 1.33493 Bhutan Ngultrum
1 Philippine Peso = 0.2068 Botswana Pula
1 Philippine Peso = 398.88425 Belarus Ruble
1 Philippine Peso = 0.0398 Belize Dollar
1 Philippine Peso = 0.0261 Canadian Dollar
1 Philippine Peso = 0.02005 Swiss Franc
1 Philippine Peso = 12.72046 Chilean Peso
1 Philippine Peso = 0.13672 Chinese Yuan
1 Philippine Peso = 57.13688 Colombian Peso
1 Philippine Peso = 11.05639 Costa Rica Colon
1 Philippine Peso = 0.01992 Cuban Peso
1 Philippine Peso = 2.07671 Cape Verde Escudo
1 Philippine Peso = 0.50888 Czech Koruna
1 Philippine Peso = 3.53457 Djibouti Franc
1 Philippine Peso = 0.14 Danish Krone
1 Philippine Peso = 0.93146 Dominican Peso
1 Philippine Peso = 2.19109 Algerian Dinar
1 Philippine Peso = 0.2946 Estonian Kroon
1 Philippine Peso = 0.31381 Egyptian Pound
1 Philippine Peso = 0.4485 Ethiopian Birr
1 Philippine Peso = 0.01883 Euro
1 Philippine Peso = 0.04109 Fiji Dollar
1 Philippine Peso = 0.01587 Falkland Islands Pound
1 Philippine Peso = 0.01587 British Pound
1 Philippine Peso = 0.08724 Ghanaian Cedi
1 Philippine Peso = 0.86631 Gambian Dalasi
1 Philippine Peso = 183.70194 Guinea Franc
1 Philippine Peso = 0.14674 Guatemala Quetzal
1 Philippine Peso = 4.07272 Guyana Dollar
1 Philippine Peso = 0.1546 Hong Kong Dollar
1 Philippine Peso = 0.46742 Honduras Lempira
1 Philippine Peso = 0.13926 Croatian Kuna
1 Philippine Peso = 1.29548 Haiti Gourde
1 Philippine Peso = 5.80753 Hungarian Forint
1 Philippine Peso = 265.9494 Indonesian Rupiah
1 Philippine Peso = 0.07359 Israeli Shekel
1 Philippine Peso = 1.32863 Indian Rupee
1 Philippine Peso = 23.53058 Iraqi Dinar
1 Philippine Peso = 645.38754 Iran Rial
1 Philippine Peso = 2.17673 Iceland Krona
1 Philippine Peso = 2.5527 Jamaican Dollar
1 Philippine Peso = 0.01409 Jordanian Dinar
1 Philippine Peso = 2.24469 Japanese Yen
1 Philippine Peso = 2.05918 Kenyan Shilling
1 Philippine Peso = 1.37643 Kyrgyzstan Som
1 Philippine Peso = 79.57561 Cambodia Riel
1 Philippine Peso = 9.1855 Comoros Franc
1 Philippine Peso = 17.93186 North Korean Won
1 Philippine Peso = 22.54632 Korean Won
1 Philippine Peso = 0.00607 Kuwaiti Dinar
1 Philippine Peso = 0.01634 Cayman Islands Dollar
1 Philippine Peso = 6.20761 Kazakhstan Tenge
1 Philippine Peso = 163.27555 Lao Kip
1 Philippine Peso = 29.96613 Lebanese Pound
1 Philippine Peso = 2.99761 Sri Lanka Rupee
1 Philippine Peso = 1.79319 Liberian Dollar
1 Philippine Peso = 0.25802 Lesotho Loti
1 Philippine Peso = 0.06074 Lithuanian Lita
1 Philippine Peso = 0.01236 Latvian Lat
1 Philippine Peso = 0.02836 Libyan Dinar
1 Philippine Peso = 0.20106 Moroccan Dirham
1 Philippine Peso = 0.39739 Moldovan Leu
1 Philippine Peso = 1.15302 Macedonian Denar
1 Philippine Peso = 26.97749 Myanmar Kyat
1 Philippine Peso = 49.15322 Mongolian Tugrik
1 Philippine Peso = 0.15924 Macau Pataca
1 Philippine Peso = 7.07312 Mauritania Ougulya
1 Philippine Peso = 0.70472 Mauritius Rupee
1 Philippine Peso = 0.30803 Maldives Rufiyaa
1 Philippine Peso = 14.28352 Malawi Kwacha
1 Philippine Peso = 0.3922 Mexican Peso
1 Philippine Peso = 0.0886 Malaysian Ringgit
1 Philippine Peso = 0.25623 Namibian Dollar
1 Philippine Peso = 6.27615 Nigerian Naira
1 Philippine Peso = 0.58478 Nicaragua Cordoba
1 Philippine Peso = 0.16617 Norwegian Krone
1 Philippine Peso = 2.16378 Nepalese Rupee
1 Philippine Peso = 0.02755 New Zealand Dollar
1 Philippine Peso = 0.00766 Omani Rial
1 Philippine Peso = 0.01992 Panama Balboa
1 Philippine Peso = 0.06452 Peruvian Nuevo Sol
1 Philippine Peso = 0.06317 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.08428 Pakistani Rupee
1 Philippine Peso = 0.08101 Polish Zloty
1 Philippine Peso = 113.69198 Paraguayan Guarani
1 Philippine Peso = 0.07254 Qatar Rial
1 Philippine Peso = 0.08479 Romanian New Leu
1 Philippine Peso = 1.15051 Russian Rouble
1 Philippine Peso = 16.24686 Rwanda Franc
1 Philippine Peso = 0.07471 Saudi Arabian Riyal
1 Philippine Peso = 0.155 Solomon Islands Dollar
1 Philippine Peso = 0.26894 Seychelles Rupee
1 Philippine Peso = 0.12751 Sudanese Pound
1 Philippine Peso = 0.17911 Swedish Krona
1 Philippine Peso = 0.02802 Singapore Dollar
1 Philippine Peso = 0.01587 St Helena Pound
1 Philippine Peso = 0.44244 Slovak Koruna
1 Philippine Peso = 147.37996 Sierra Leone Leone
1 Philippine Peso = 10.93843 Somali Shilling
1 Philippine Peso = 461.47041 Sao Tome Dobra
1 Philippine Peso = 0.17378 El Salvador Colon
1 Philippine Peso = 10.26061 Syrian Pound
1 Philippine Peso = 0.25623 Swaziland Lilageni
1 Philippine Peso = 0.69755 Thai Baht
1 Philippine Peso = 0.0455 Tunisian Dinar
1 Philippine Peso = 0.04518 Tongan paʻanga
1 Philippine Peso = 0.07108 Turkish Lira
1 Philippine Peso = 0.13368 Trinidad Tobago Dollar
1 Philippine Peso = 0.61008 Taiwan Dollar
1 Philippine Peso = 44.39131 Tanzanian Shilling
1 Philippine Peso = 0.54164 Ukraine Hryvnia
1 Philippine Peso = 71.22933 Ugandan Shilling
1 Philippine Peso = 0.01992 United States Dollar
1 Philippine Peso = 0.56326 Uruguayan New Peso
1 Philippine Peso = 66.74637 Uzbekistan Sum
1 Philippine Peso = 0.19873 Venezuelan Bolivar
1 Philippine Peso = 454.0546 Vietnam Dong
1 Philippine Peso = 2.10699 Vanuatu Vatu
1 Philippine Peso = 0.0506 Samoa Tala
1 Philippine Peso = 12.34369 CFA Franc (BEAC)
1 Philippine Peso = 0.0538 East Caribbean Dollar
1 Philippine Peso = 12.43714 CFA Franc (BCEAO)
1 Philippine Peso = 2.23132 Pacific Franc
1 Philippine Peso = 4.98008 Yemen Riyal
1 Philippine Peso = 0.25645 South African Rand
1 Philippine Peso = 103.39709 Zambian Kwacha
1 Philippine Peso = 7.2106 Zimbabwe dollar

BPI profit up 21% at P22B

Enhanced retail and customer focus drove up by 21 percent Bank of the Philippine Islands’ net income to P22.05 billion last year. 

Total loans grew by 19.2 percent to P1.04 trillion with a 79-21 corporate-retail mix. 

Gross 90-day non performing loans fell to 1.5 percent, from 1.6 percent.  Reserve cover rose to 118.7 percent from 110.2 percent.

Total deposits stood at P1.43 trillion, up 12.2 percent year-on-year.

Cezar Consing, BPI president said the bank “took advantage of 2016’s market conditions to exploit unique opportunities, while gearing for growth in 2017 and beyond.”

“We led some critical financing transactions for corporate clients, spurring our country’s development in energy and infrastructure. In retail, we have positioned our teams for both stronger volumes and more focused risk management,” Consing said.

He said BPI enhanced customer focus by improving access and relationship management tools. 

In 2016, the Bangko Sentral ng Pilipinas (BSP) approved licenses to open a total of 44 new branches for both BPI and BPI Family Savings Bank. 

BPI personnel, meanwhile, have been trained and equipped with new state-of-the-art tools to aid clients in making their most important financial decisions. 

Also, BPI consolidated its ownership in BanKO to enhance its focus on micro-entrepreneurs and promote inclusive growth. 

Growth in BPI’s business was buoyed by the Bank’s strong relationships with corporate clients who drove loan growth across a variety of landmark transactions.

In the energy sector, BPI arranged a P12.5-billion Climate Bond for AboitizPower’s Tiwi-Makban geothermal plant. 

BPI also arranged a P15.0 billion retail bond issuance for Ayala Land and a P19.2-billion IPO of Pilipinas Shell, both highly successful issues.

BPI’s total revenues grew 12.1 percent to P66.55 billion with net interest income rising by 9.7 percent to P42.38 billion. 

Non-interest income climbed 16.7 percent to P24.17 billion on strong gains related to the Bank’s securities portfolio, and  higher fees from core transactional and banc assurance businesses.

Operating expenses ended at P34.94 billion, up 9.6 percent, driven mainly by spending on general infrastructure, as well as collective bargaining costs. Provisions ended at P4.80 billion, which grew by 20.7 percent.

Cost-to-income ratio was 52.5 percent, lower than 53.7 percent in 2015. 

Total securities stood at P307.39 billion, or up 4.1 percent.  Held-to-maturity remained the largest position in the portfolio at P268.48 billion, reflecting low sensitivity of the bank’s earnings and capital to interest rate swings.

Total assets ended at P1.73 trillion, up 13.8 percent, or P209.34 billion above 2015 levels.

Capital was P165.13 billion, up 9.9 percent. CAR and CET1 ended at 13.0 percent and 12.1 percent, respectively. 

In December 2016, the Bank declared dividends of P0.90 per share, for a total of P1.80 per share or P7.08 billion in cash dividends paid in all of 2016.
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