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September 24, 2023

BPI Foundation aids 2,000 evacuees in Batangas

The foundation arm of Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco has donated relief assistance to around 400 families or 2,000 evacuees in Agoncillo, Batangas affected by the recent activities of the Taal Volcano.

Under the disaster response program of BPI Foundation dubbed as BPI BAYANihan, the banking giant supports communities that are badly impacted by disasters.

As of the second week of April, it has dispatched and distributed a total of 400 relief packs, containing food and hygiene kits, received by evacuees in Agoncillo Central Elementary School, Barangay Paniga, Coral na Munti Elementary School, and Coral na Munti High School.

BPI Foundation, in partnership with the Philippine Disaster Risk Foundation , is also currently building the BPI Bayanihan Center, a two-storey 506-square meter multi-purpose facility in Ibaan, Batangas City for Filipinos significantly affected by disasters and the COVID-19 pandemic.

The facility is set to be completed in July.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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