Tuesday, 05 June 2012 11:35
The local management of Bank of the Philippine Island (BPI) has announced that preparations are underway for the BPI Ciento celebrations together with the grand opening of the BPI Zamboanga Museum scheduled for this year.
Dr. Myl Johann R. Amsid, Senior Manager and
Cluster Head of BPI Emerging Market Unit for Zamboanga, Dipolog, Pagadian and Ozamiz Cities of BPI said that BPI Zamboanga Museum will showcase the early 1900s turn of a century lifestyle of that era.
A recreation consisting of antique furniture and fixture and other historical artifacts can be seen on the top floor of the former Don Francisco Barrios Building.
Exactly on February 1912, the Military Governor of Zamboanga, General John L. “Black Jack” Pershing helped the Bank inaugurate its Zamboanga Branch.
General Pershing had encouraged the Bank to raise its capital stock and had guaranteed the purchase of the 1,000 share set aside for Mindanao. To support its banking operations, the Insular government designated the branch as depository of funds of the “Moro” Province and of the Zamboanga Custom House.
The Zamboanga branch also also acted as agent for the International Banking Corporation as did the Iloilo Branch. In its early years, the BPI building was once the quarters of the governor Gen. Black Jack Pershing and consequently through the years became the official residence of all its Bank Managers. (Maria Teresa Colayco, Tradition of Leadership: Bank of the Philippine Islands.)
BPI would also like to announce that BIR electronic payment via its corporate product Expresslink. It is now available to entrepreneurs and companies.
The cash management system offered by the Bank of the Philippine Islands (BPI) through ExpressLink to its corporate clients has hit the P1- trillion thresh hold.
This represents money that any of its enrolled 7,000 clients could manipulate in ways convenient to themselves, makes them more effective as business entities, and secure in the knowledge that all of it can be accounted for at any given time.
Put another way, this is money that its clients use to settle supplier credit, pay their employees, settle-tax obligations with local and national government, and a host of other uses without having to worry about the logistics or the security issues attendant to such transactions.
An enrolled client need not worry about stuffing money into pay envelopes for its workers or haul that much cash from the bank to worksites which may not be secure or safe enough for both the employer and its employees, BPI president and chief executive officer Aurelio Montinola III said of the 10-year-old cash management system.
In an interview with Business Mirror last 2011, Mr. Montinola said the Internet-based cash management system branded as BPI ExpressLink is offered to some of the most efficient and profitable corporations on the basis of “relations” rather than fees.
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