A new chapter in financial accessibility is unfolding across Mindanao, as Bank of the Philippine Islands expands its reach through an innovative partnership with Amesco Drug Corp. This collaboration marks BPI’s first “May BPI Dito” venture with a Davao-based business, signaling a commitment to serving communities often overlooked by traditional banking.
Imagine needing to deposit a check while picking up vital medication, or applying for a loan during a routine visit to the pharmacy. This is the reality Amesco Drug’s 25 branches are now offering, transforming familiar healthcare locations into convenient banking touchpoints.
Currently, branches in Toril, DLPC, and Buhangin are already facilitating deposits and withdrawals, with plans for rapid expansion across the network. Customers can now handle a full spectrum of banking needs – from opening new accounts to exploring investment opportunities – all within a trusted community space.
This isn’t simply about convenience; it’s about bridging a critical gap in financial inclusion. BPI recognizes the unique challenges faced by residents in Davao, North Cotabato, and South Cotabato, and is proactively bringing essential services directly to them.
Jose Raul E. Jereza, BPI’s Senior Vice-President and Agency Banking head, emphasizes the core philosophy behind “May BPI Dito”: meeting Filipinos where they are. The partnership with Amesco Drug embodies this principle, seamlessly integrating financial management into the fabric of daily life.
Andrew Uyboco, President of Amesco Drug, shares this vision, expressing his company’s honor in being chosen as a partner. He believes this collaboration will significantly enhance their ability to serve their valued customers, offering a holistic approach to well-being.
The “May BPI Dito” network now boasts over 7,000 partner stores nationwide, a testament to the program’s growing success and impact. This expansion reflects a broader trend towards accessible, community-focused banking solutions.
This strategic move comes on the heels of a strong financial performance for BPI, with a 1.7% year-on-year increase in net income, reaching P16.9 billion in the first quarter. The bank’s stock also saw a positive shift, closing at P91.80 per share.
