Bank of the Philippine Islands (BPI) held a bell ringing ceremony at the Philippine Stock Exchange (PSE) to mark the completion of its P50 billion stock rights offering.

“I am pleased that PSE was able to serve as a capital raising venue for BPI, making it a conduit in achieving the company’s objective to further boost its capital,” said PSE Chairman Jose T. Pardo in his welcome remarks during the ceremony. “The success of this SRO speaks highly of the confidence that shareholders have in BPI, their support for its strategic direction and optimism in the bank’s future,” Mr. Pardo added.

BPI President and CEO said, “We have benefited from, and contributed to, an economic growth spurt in our country that has been the strongest and longest in the last several decades. Our recently concluded P50 billion stock rights issue, which we mark today, provides us with the capital to continue to benefit from, and contribute to, a resurgent Philippines.”

Shown in the photo (from left): Ayala Corporation (AC) Managing Director and CFO Jose Teodoro K. Limcaoco; AC Vice Chairman, President and COO and BPI Vice Chairman Fernando Zobel de Ayala; BPI President Cezar P. Consing; PSE Chairman Jose T. Pardo, PSE Directors Emmanuel Bautista and Vivian Yuchengco; PSE President and CEO Ramon S. Monzon and PSE COO Roel A. Refran.