MANILA -- Ayala-led Bank of the Philippine Islands (BPI) has successfully established its medium-term note program amounting up to USD2 billion, or its equivalent in other currencies, meant to fund operations.
“The Programme, which is expected to be listed on the Singapore Exchange Securities Trading Limited, is part of the Bank’s initiatives to maximize flexibility in accessing funding expediently,” BPI said in a disclosure to the stock exchange Friday.
BPI Capital was appointed sole global coordinator and lead arranger for the program, while Deutsche Bank, HSBC, and J.P. Morgan were appointed joint lead arrangers.
The BPI is intensifying its digitalization efforts to bring innovative services to existing and future clients, and support rapid growth.
About 36 percent of its clients access the bank via digital banking channels, particularly the website and mobile app. This percentage grows to 66 percent if automated teller machine (ATM) and cash acceptance machines (CAM) channels are included.
BPI aims to double the percentage of clients using its electronic channels in five years. (PNA)
