Bank of Commerce
PPSE:BNCOM10.14
PHP
-0.36
(-3.43%)
Bank of Commerce
PSE:BNCOM
(Philippine Stock Exchange)
Recent
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10.14
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ROIC.AI
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- Business
- Bank of Commerce provides universal commercial and retail banking services to individual, small and medium enterprise, corporate, and institutional clients across the Philippines. Founded in 1963 and headquartered in Mandaluyong City, Metro Manila, the company operates as the commercial banking affiliate of San Miguel Corporation. The bank structures its operations through Corporate Banking, Consumer Banking, Treasury, and Trust and Investments segments. Its product and service portfolio comprises deposit products, including regular savings, checking accounts, payroll accounts, and multi-currency time deposits in Philippine Pesos, US Dollars, and Euros; consumer financing solutions, including residential mortgage loans, auto loans, and salary loans; commercial and corporate lending facilities, including working capital credit lines, term loans, capital expenditure financing, and project finance; trade finance instruments, including commercial letters of credit, trust receipts, export bills purchase, and export packing credit; payment cards, including Bank of Commerce Mastercard credit cards, debit cards, and prepaid cash cards; treasury and financial market services, including foreign exchange trading, government securities dealership, fixed-income distribution, and corporate debt underwriting; trust and asset management solutions, including unit investment trust funds, tailored investment management accounts, corporate escrow facilities, and employee benefit trust administration; and transaction banking solutions, including cash management, check disbursement, automated payroll services, liquidity management, and digital banking platforms through BankCom Personal and BankCom Business supporting InstaPay and PESONet electronic fund transfers. In recent strategic developments, Bank of Commerce completed an enterprise-wide core banking system modernization across its branch and automated teller machine network in partnership with Infosys and IBM, migrating to a digital-first hybrid cloud infrastructure. The bank also executed an 18 billion Philippine Peso dual-tranche fixed-rate bond issuance to optimize its liability structure and fund asset growth, expanded its physical presence through newly opened full-service branches and branch-lite units at strategic transit hubs including Ninoy Aquino International Airport Terminal 3 and Caticlan Airport, and accelerated the commercial onboarding of corporate accounts across the broader San Miguel Corporation vendor, distributor, and customer ecosystem.