BPI Approves Stock Rights Offer for Up to PhP50 Billion

Bank of the Philippine Islands (PSE: BPI) approved a stock rights offering (SRO) of common shares to eligible shareholders to raise up to PhP50 billion to support its growth and strategic initiatives in the coming years. The bank believes that the Philippine banking sector continues to present significant medium and long-term growth prospects and that […]
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BPI 1H 2015 Net Income Up 16% to PhP9.3B

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI) registered a net income of PhP9.3 billion for the first half of 2015, a 16% improvement over PhP8 billion earned in the same period last year, resulting in annualized ROE and ROA of 13% and 1.4%, respectively. Comprehensive income for the same period, which includes mark-to-market adjustments on available-for-sale securities, amounted […]
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