BPI Direct BanKo opens its 200th branch in Los Banos, Laguna

Since 2017, BPI Direct BanKo, Inc. has grown its network to 200 branches, helping self-employed microentrepreneurs (SEMEs) with P33 billion worth of microenterprise loans.

"After two years, we witnessed how our loans have been very meaningful for these small businesses and grassroot comminities.  We continue to strengthen our commitment to the SEME market by providing them with better financial options that best fit their needs," shared Jerome B. Minglana, President of BPI Direct BanKo, Inc. , during the celebration of BanKo's 200th branch in Los Banos, Laguna earlier today.

L-R: Jerome Minglana, Simon Paterno and Rod Mabiasen

Today, BanKo covers key provincial areas such as Tuguegarao, Masbate, San Carlos City and Koronadal where unbanked SEMEs could benefit from BanKo’s loans.

BanKo promotes financial inclusion by granting access to easy, convenient and affordable loan products to fund the operations and grow the businesses of SEMEs. This helps create a positive impact on the quality of lives of these small entrepreneurs.

Minglana said Los BaƱos is a good example of a place where BanKo can make a positive impact on the community.

"We hope to build a better country for every Filipino. Our end goal is to be able to support and capaticize SEMEs financially and help them contribute to the economic growth of the country,” said Simon Paterno, BanKo Chairman and Segment Head of BPI Financial Products and Services.

With the help of BanKo’s financial advisers, also known as BanKoMare and BanKoPare, SEMEs receive proper financial management coaching and are offered additional resources for the expansion of their businesses.

BanKo offers the NegosyoKo loan ranging from Php 25,000 to Php 300,000, with 2% to 2.3% interest rate per month. Customers can have their loans released within seven banking days upon submission of complete requirements.

In its digital transformation journey, BanKo is actively creating an innovative solutions to cater to the needs of its clients through mobile. BanKo is set to launch its Alternative Deposit and Payment System, with zero maintaining balance which is targeted to be launched by third quarter of 2019.

BPI Direct BanKo, Inc. plans to open additional 100 branches this year.  It aims to empower 83,000 more SEMEs and reach a portfolio of P7 billion.

Do visit www.bpi.com.ph for more information.