corporate profile
We’re nurturing every Filipino’s future
BPI MS is a joint venture of the Bank of the Philippine Islands (BPI), a member of the Ayala Group of Companies and one of the country's most respected banking institutions, and Mitsui Sumitomo Insurance Company, one of the largest non-life insurance companies in Japan.
BUILT FROM A STRUCTURE OF STRENGTH
When it comes to financial strength, BPI MS stands on excellent footing. Fifty-one percent of the company is owned by BPI, the most financially sound bank in the Philippines and a leader in banking innovation. Forty-nine percent is owned by Mitsui Sumitomo Insurance, a global insurance player with 64 branches nationwide.
Founded in 1851, Bank of the Philippine Islands is the first bank in the Philippines and in the Southeast Asian region. BPI is a universal bank and together with its subsidiaries and affiliates, it offers a wide range of financial products and solutions that serve both retail and corporate clients.
BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking.
The bank has a network of over 800 branches in the Philippines, Hong Kong and Europe, and close to 3,000 ATMs and CDMs (cash deposit machines).
BUILT FROM A STRUCTURE LAID ON FOUNDATION OF TRUST
BPI MS also carries with is a heritage of trust from FGU Insurance Corporation, one of the oldest insurance companies in the country. As the non-life insurance arm of the Ayala Group, it has earned a strong reputation of stability and integrity, becoming a pillar in the non-life sector. Its forerunner, Filipinas Compañia de Seguros was established in 1913. Through the years, it has built and nurtured a strong and loyal agency force. In 1999, FGU was acquired by BPI when the bank merged with Ayala Insurance Holdings, FGU's holding company.
For FEB Mitsui, the groundwork of trust was laid in 1965 when it was then known as Makati Insurance. In 1998, Far East Bank and Trust Company (FEBTC), then its owner, entered an alliance with Mitsui Marine, which bought fifty percent of the company. In the year 2000, FEB Mitsui became part of the BPI Group after the latter's merger with FEBTC. Backed up by its financial soundness and quality service, FEB Mitsui steadily grew to become one of the top ten non-life insurers.