BPI OPENS UP FORMAL BANKING “FUND YOUR BUSINESS WITH BANKO”

Self-Employed Micro-Entrepreneurs can now fund their businesses easily with BanKo loan! Now, you can avail of a P25,000 to P300,000 loan from BanKo for your business!

Bank of the Philippines Islands officially launches its micro finance bank, BPI Direct Banko, Inc., or BanKo. The micro finance bank is the result of the merger of two specialized thrift bank units of BPI – BPI Direct Savings Bank Inc. and BPI Globe BanKO.BanKo will serve self-emloyed micro entrepreneurs (SEMEs) runiing their small businesses. Aside from providing SEMEs affordable and appropriate loan products, BanKo aims to empower SEMEs with experts financial advice and solutions that promote the growth and expansion of the SEMEs’ enterprises.

During media launch in BPI Makati, BanKo Chairman Nabbie Alejo said BanKo supports the country’s vison of financial inclusion by strengthening the financial capability of a sector that rarely has access to formal banking. “Many of these SEMEs are forced to go through informal channels,  “ says Alejo. “With BanKo, we can provide a more formal lending platform, offering our SEMEs with easy, accessible, and affordable loans.

We believe that we are able to help create a more positive impact on thei r quality of life, and ultimately, contribute to the country’s economic growth.”“At BPI, we proactively listen and always strive to address the financial needs of all clients across sectors. BanKo is a major effort in reaching out to the unbanked and undeserved individuals,” said BPI President and Chief Executive Officer Cezar P. Consing.

BanKo recently opened 15 new branches in key areas around the country, including Bicol, Negros Oriental, Davao, and Central Luzon, bringing the total number of branches nationwide to 24. By October 2017, BanKo aims to have 90 branches nationwide.

For more information, visit http://www.banko.com.ph/ or check out the nearest BanKo branch.

 

 

 

 

 

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