Bank of Makati
Bank of Makati, (A Savings Bank) (BMI) is a Filipino thrift bank established in 1956. It was founded as a rural bank prior to its approval by the Bangko Sentral ng Pilipinas to operate as a thrift bank on April 28, 2015 when it officially became a savings bank.[3]
 | |
| Formerly | Rural Bank of Makati (until 2005) Bank of Makati (A Rural Bank) Inc., (2005- 2015) |
|---|---|
| Type | Private |
| Industry | Finance |
| Founded | J.P. Rizal, Makati, Philippines (September 22, 1956) |
| Headquarters | Ayala Avenue Extension, Makati, Metro Manila , |
Number of locations | 102 Branches 48 Regular Branch 14 Microfinance-oriented 40 Branch-lite units |
Key people | Thomas C. Ongtenco, (Chairman) Luis M. Chua, (President) |
| Services | Banking, Insurance |
₱2.02 billion  (2020)[1] | |
| Total assets | ₱48.5 billion (Q3 2022)[2] |
| Parent | Motortrade (as affiliate company) |
| Website | www |
History
The Bank of Makati was established on September 22, 1956, as the "Rural Bank of Makati, Inc." along J.P. Rizal in the then-town of Makati, Rizal. In October 2001, the banking company underwent a change in ownership as well as some reforms. In November 2005, the name of the company was officially changed to "Bank of Makati (A Rural Bank), Inc.".[4]
In 2006, the banking company was included in the list of Top 1000 Corporations in the Philippines. According to the Business World Corporate Profile 2008, the Bank of Makati is the biggest rural bank in the country with total assets worth ₱5.2 billion and a net worth of more than ₱800 million exceeding the worth of some savings banks.[4]
The Bank of Company underwent a re-branding in 2009 and adopted a new logo and slogan.[4] Bangko Sentral ng Pilipinas granted the Bank of Makati a Certificate of Authority to operate as a thrift bank on April 28, 2015. With the granting of the certificate, the banking company officially changed its name to "Bank of Makati (A Savings Bank), Inc.".[5]
Services
Bank of Makati also provides motorcycle loans for customers of its sister company, Motortrade, and its affiliate businesses Motorjoy Depot Inc., Honda Prestige, and Motortrade Topline.
See also
External links
Media related to Bank of Makati at Wikimedia Commons
References
- "Bank of Makati 2020 Annual Report" (PDF). Bank of Makati. bankofmakati.com.ph. Retrieved December 31, 2020.
- "BSP Ranking in terms of assets in 2022". BSP. bsp.gov.ph. Retrieved September 30, 2022.
- "Company Profile: BMI officially became a Savings Bank in 2015". Bank of Makati. bankofmakati.com.ph. Retrieved April 28, 2015.
- "History". Bank of Makati, Inc. Retrieved September 12, 2016.
- "Awarding of Certificate of Authority by BSP to BMI". Bank of Makati, Inc. 2015. Archived from the original on May 10, 2017. Retrieved September 12, 2016.