Bank of Philippine Islands (BPI), one of the Philippines top banks, has reactivated its membership in BancNet, the country’s largest electronic banking consortium.
The bank became a member when it acquired CityTrust Banking Corporation in 1996 but has been inactive until now. CityTrust was one of the eight founding members of BancNet. The others are Allied Bank, China Bank, Interbank, Metrobank, PCI Bank, RCBC, and Security Bank.
BPI’s wholly owned subsidiaries BPI Family Bank and BPI Direct automatically become Associate Members of the consortium.
BPI has 1,882 ATMs, bringing BancNet’s nationwide network to more than 10,000 ATMs while the group’s 5.4 million ATM cardholders expand BancNet’s cardholder base to a total of 26. 55 million.
Manuel C. Tagaza, BPI Senior Vice President and Head of eChannels Group, has been elected member of the BancNet Board of Directors to represent BPI.
Currently, BancNet has 109 members and affiliates.
April 29, 2013