BPI Globe BanKO Inc. (BanKO) is the first mobile-based, microfinance-focused savings bank in the Philippines. Established in July 2009 by BPI, Globe and Ayala Corporation, it aims to provide the low-income segment with secure and convenient access to affordable financial services by leveraging on its combined assets and infrastructure in banking and telecommunications.
BanKO is pioneering the delivery of financial services through a network of partner outlets equipped with information and communication technologies of BPI and Globe. This ‘branchless’ banking method of service delivery enables BanKO partner outlets to perform cash-in/cash-out transactions and conduct customer identification (KYC) for savings and loan applications. With the support of six (6) regional branches and field coordinators deployed nationwide, this approach to channel development will be critical to bringing financial services to remote locations and ensure permeating reach and accessibility across the country.
The bank also partners with microfinance institutions (MFIs), i.e. rural banks, NGOs and cooperatives, offering Wholesale Institutional Loans to fund MFIs’ on-lending to its client-base, and Capability-Building Developmental Loans in the form of technical assistance and financial training for the MFIs and their clients. Over the past two years, BanKO has extended Php1.8B in loans to microfinance institutions, reaching over 340,000 microenterprises.
BanKO's mission is to provide financial inclusion to the country’s unbanked and extend access to formal financial services. BanKO’s combined expertise in banking and telecommunications delivers a powerful microfinance platform for sustainable social development. The vision is for BanKO to become the premier microbank in the country and a global leader in providing innovative services to the microfinance sector using partnership models and the latest mobile technologies.
+63 2 754 9980, +6327549980
4/F BanKO Center, Ortigas Avenue, North Greenhills, San Juan, Metro Manila 1500