BUSINESS PROFILE

Founded in 1852, Bank of the Philippine Islands (BPI) was incorporated on January 4, 1943 and went public on October 12, 1971. In the post World War II era, BPI evolved from a purely commercial bank to a fully diversified universal bank with activities encompassing traditional commercial banking as well as investment and consumer banking. This transformation into a universal bank was accomplished mainly through mergers and acquisitions when it absorbed an investment house, a stockbrokerage company, a leasing company, a savings bank, and a retail finance company.

BPI has two major categories for products & services. The first category covers its deposit taking and lending / investment activities. The second category covers services other than and auxiliary to the core deposit taking, lending, and investing business, and from which is derived commissions, service charges & fees from turnover volume.

The company's principal subsidiaries are composed of BPI Family Savings Bank, Inc., BPI Capital Corporation, BPI Leasing Corporation, BPI Direct Savings Bank, BPI International Finance Limited, Hong Kong, BPI Express Remittance Corporation, Bank of the Philippine Island (Europe) Plc, Ayala Life Insurance, Inc., and BPI/MS Insurance Corporation.

Source: SEC Form 17-A (2008)

COMPANY FILINGS

DISCLAIMER

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. Copies of these reports are available for viewing and photocopying at the PSE libraries at PSE Center in Ortigas and PSE Plaza in Ayala during its official operating hours.

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