Bank of Makati on April 16, 2015 joined the big players in the banking industry as it officially became Bank of Makati (A Savings Bank), Inc.
Built on more than 60 years of experience in community banking, BMI was originally founded as a rural bank in July 1956. Since then, it has helped countless Filipino savers and entrepreneurs achieve their dreams.
Bank of Makati (A Savings Bank), Inc. sees no let up in its bid to make a significant contribution to nation-building. It is committed to serve and to make better banking options available to the public. Its vision is to be the Micro, Small and Medium Enterprises (mSME) bank of choice.
On this year, BMI marked its 60th anniversary, continuing its strong financial performance. With the conversion of its loan centers, BMI closed the year with 60 branches, including 14 microfinance-oriented ones located in Metro Manila. The Bank put in place an automated credit investigation system that uses android phones to better serve our borrowing public. It became 100% compliant with guidelines on the new check clearing system (CICs).
In the past couple of years, BMI’s growth was nothing short of phenomenal. The Bank's capital now stands at almost Php5.8 billion. It has deployed 10 ATMs and will soon issue its own ATM cards. A network of 19 full-service branches, 24 loan centers and 13 microfinance-oriented Metro Manila branches are now in place, with more in the pipeline. Following the approval by the Bangko Sentral ng Pilipinas to operate as a thrift bank, BMI on April 28, 2015 officially became a savings bank.
BMI converted its core banking system to Finacle, an integrated system that automates both deposit and loan processing to support ATM, mobile and internet banking.
The Bank stepped up preparations for a seamless upgrade to savings bank with the implementation of a new five-year plan. It became an allied member of the Bancnet ATM Consortium, expanded its reach in Metro Manila with its microfinance-oriented branches and opened more loan centers.
BMI sported a new logo. Corollary to this, a new tagline came into being: “Malalapitan, Maaasahang Kaibigan.” The tagline depicted the Bank as a friend who reaches out, understands and can be counted on in times of need.
BMI reached the elite list of the Top 1,000 Corporations in the Philippines, the first rural bank to do so. With total assets of Php5.2 billion and a net worth of over Php800 million, the Bank was recognized in the same year as the biggest rural bank in the Philippines – bigger, in fact, than most savings bank.
BMI gained stronger capability with the coming in of new shareholders, a new management and bigger capitalization.
We aim to be the mSME bank of choice, creating value through innovative and responsive financial products and services.
We will be:
- Recognized for our ability to satisfy and delight our customers;
- Admired for the competence and commitment of our people; and
- Respected for the values and principles we stand for.
We exist to help more people attain better financial security.
We value our role in economic development and our contribution to social progress.
We are dedicated to the continuing growth of the Bank.
We are committed to the well-being of our employees and to providing them a work-life environment that brings out the best of their abilities, talents and behavior.
We aim to provide our shareholders optimum returns on their investments.
In the pursuit of our mission, we shall be guided by the values of teamwork, integrity, concern, and excellence.
THOMAS C. ONGTENCO
A pioneering entrepreneur who has built and led numerous successful business organizations, Mr. Ongtenco previously served as President of the Motorcycle Dealers Association of the Philippines. At present, he sits as Director/President of Motortrade Nationwide Corporation.
LUIS M. CHUA
Mr. Chua joined BMI in 2005 after building a career in the academe, and local and international banks. He is an alumnus of the University of Sto. Tomas and the De La Salle University. Before assuming the role of President, he was Executive Vice President and Head of the Support Sector at BMI, overseeing operations namely Controllership Group, Loans Operations Consumer Group, Credit Support Group, Information Technology Group, Repo Management and Disposal Group, Corporate Services Group and Branch Operations Department.
RAMON B. MANZANA
Mr. Manzana sits as Chairman of the Board of Motorjoy Depot Inc., OSM City Cars Inc., Sentai Holdings Inc., Northpoint Development Bank, MOS Autosolutions Inc., Aisen Prime Holdings Inc., Tanglaw ng Buhay Foundation and Uplift Cares Movement Foundation. He is also Vice Chairman of the Board of the CCF Life Academy; Trustee/Treasurer of the Masters Academy; and President of Veradex Development Corp. and Honda Prestige Traders Inc. He was the former President of the Federation of Metro Manila Rural Bankers, Inc. and former Director of the Rural Bankers Association of the Philippines.
MA. RODORA E. BAÑARES, FICD
Ms. Bañares is a seasoned banker who brings with her years of experience, including as President of BMI from June 2010 to June 2017, and SeniorExecutive Officer at Security Bank, Asiatrust Bank, Federal Savings Bank and Equitable Bank. An alumna of the University of the Philippines (B.S. Business Administration, Magna Cum Laude) and the De La Salle University (Masters in Business Administration), she is highly experienced in the field of sales and marketing, credit, and systems and operations.
CORAZON S. DE LOS SANTOS
An experienced banker and a former public servant, Ms. De los Santos served as Senior Vice President of Landbank of the Philippines and as Undersecretary of the Department of Finance. She has held Director positions at various banks, brokerage and garment companies. She is presently a consultant of Pampanga Development and Chief Operations Officer of Sanvil Inc.
IMELDA S. SINGZON
Ms. Singzon has several years of experience in the banking and finance industries, having served many banking and fund management institutions in various capacities, including the Philippine Deposit Insurance Corp., the Philippine National Bank, the former PNB Republic Bank, Export Industry Bank, Philippine Bank of Communications and United Coconut Planters Bank. She has a Bachelor of Science degree in Statistics from the University of the Philippines, and a Masteral Certificate in Development Economics jointly from the University of the Philippines and University of Wisconsin.
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Bank of Makati Inc. is further expanding its footprint nationwide with the opening of 40 branch-lite units.
Bank of Makati Inc. is further expanding its footprint nationwide with the opening of 40 branch-lite units. Luis Chua, president of Bank of Makati, said the continued expansion of its branch network i...
An interview of ONE NEWS TV with Mr. Luis M. Chua, President of Bank of Makati Inc.
In a recent interview with One News TV, BMI President Luis M. Chua said the steady growth of the Philippines motorcycle industry will positively impact BMI's loan portfolio in 2019. Here's the link ...
BANK OF MAKATI (A Savings Bank), Inc. (BMI) has exceeded its target loan growth for the year driven by strong demand for motorcycle loans
BANK OF MAKATI (A Savings Bank), Inc. (BMI) has exceeded its target loan growth for the year driven by strong demand for motorcycle loans. In an interview, BMI President Luis M. Chua said the savings ...
LUIS M. CHUA, president of Bank of Makati, would like to distinguish the savings bank’s role in making ownership of motorcycle easier and affordable to all
LUIS M. CHUA, president of Bank of Makati, would like to distinguish the savings bank’s role in making ownership of motorcycle easier and affordable to all, whether in the province or in the metropoli...
BANK OF MAKATI (A Savings Bank), Inc. (BMI) netted P507 million in the first three months of the year
BANK OF MAKATI (A Savings Bank), Inc. (BMI) netted P507 million in the first three months of the year, buoyed by loans for motorcycles and by small businesses. In a statement on Monday, the thrift ban...
Bank of Makati, Inc. booked a P1.4 billion net income in 2017, 117.5%
Bank of Makati, Inc. booked a P1.4 billion net income in 2017, 117.5% higher than the P645 million it logged the previous year. “Last year, the motorcycle loans drove our bottom line,” Luis M. Chua, P...
Bank of Makati President Luis Chua said BMI intends to set up branch-lite units to reach those who are not in the formal financial system.
link from http://bworldonline.com/bank-makati-open-40-branch-lite-offices/ 13-Mar-18
Relocation of Caloocan branch
Dedication of the newly relocated Bank of Makati - Caloocan Branch now at 11th Avenue corner Rizal Avenue Extension, Grace Park, Caloocan City.
Bank of Makati moves to new headquarters
Bank of Makati moves to new headquarters 15-Mar-18
Get your replacement EMV-enabled ATM cards
Inauguration of the newly renovated BMI-Cebu Branch
Inauguration of the newly relocated Bank of Makati - Dagupan City Branch.
Inauguration of the newly renovated Bank of Makati - Cabanatuan City Branch.
Bank of Makati (A Savings Bank), Inc. President Luis Chua on August 17, 2017 led the inauguration of the recently renovated San Pablo City branch, with San Pablo City Mayor Loreto Amante as special gu
BMI Inaugurates newly-renovated Malolos branch last August 14, 2017.
Grace Park - Caloocan branch becomes BMI's 62nd
Bank of Makati recently launched its 62nd branch in Grace Park-Caloocan City, the second branch to be inaugurated this year.Leading the simple inauguration ceremonies last March 24, 2017 were Branch B...
BMI's 61st branch opens in Legazpi City
Bank of Makati's Legazpi City branch was inaugurated as BMI's 61st branch on March 20, 2017.Leading the simple inauguration rites were BMI Branch Banking Group Head Angel G. Muyot, Jr. and Area Head S...
BMI closes 2016 with 60th branch in Marikina
Bank of Makati ended 2016 with the launch of its Marikina branch, its 60th nationwide. It was a fitting close to BMI's 60th year in the industry.Leading the simple inauguration rites on December 29, 2...
BMI opens 59th branch in Dasmariñas, Cavite
Bank of Makati recently opened its Dasmariñas, Cavite branch, it's 59th branch nationwide. The branch had a soft launch in December 28, 2016 and formal dedication rites in January 10, 2017.Leading the...
EMV Migration - FAQs
Banking institutions have started migrating to the EuroPay, MasterCard and Visa (EMV) chip technology, in compliance with Circular 859 from the Bangko Sentral ng Pilipinas that mandates the migration ...
BMI La Union becomes 57th branch
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BMI Now Operates Full-Service Branch in Butuan City
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ROWEL A. UMALI
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