“The momentum we have built is strong, and if we stay focused, determined and continue to do our best, there is no limit to what we can achieve. Let us take on 2025 with enthusiasm and confidence, knowing that our best days are still ahead of us,” BPI president and CEO Jose Teodoro “TG” Limcaoco said at the bank’s annual stockholders meeting on Monday.
Record 2024 numbers
• Record performance: BPI posted a 20 percent rise in net income to P62 billion and a 23 percent jump in revenue to P170.14 billion in 2024.
• Core drivers: Growth was fueled by higher loan volumes, better margins, trading gains, and strong business activity.
• Digital gains: The bank recorded 7 million mobile app enrollees and 4.2 million active users across its growing digital platforms.
• Platform expansion: BPI enhanced services through apps like BPI App, VYBE, BPI Trade, BPI Wealth Online, and BizKo.
• Inclusive lending: BPI Direct BanKo disbursed P21.7 billion in microloans, up 45.4 percent, with 500,000 new app users.
• Targeted outreach: Legazpi Savings Bank continued serving public school teachers and staff with essential credit access.
BPI added 5 million new clients last year
“Our clients remain at the heart of everything that we do. In 2024, we welcomed over five million new clients, bringing our client base to 16 million, double our client count in 2021, an enormous increase by any measure and a testament not only to the continued trust and confidence of our clients, but also of the reach and scope of our digital platforms,” said BPI chair Jaime Augusto Zobel de Ayala.
BPI also partnered with over 20 retailers, opening nearly 6,500 locations where customers can apply for deposits, loans, and insurance outside major cities.
“Our results demonstrated once again the continued progress we are making to improve value creation for our stakeholders. Not only did we deliver extraordinary results, we also made significant progress on the key priorities outlined in our strategy,” Limcaoco said.
