BPI Earns Recognition for its Credit Risk Management Efforts

BPI Earns Recognition for its Credit Risk Management Efforts

The bank was also recognized for its investment in cybersecurity

BPI was recognized by the Asia Risk Awards 2018 for “House of the Year: Philippines”. The said recognition is given to nominated companies that have the best practice for risk management.

Among its best practices include investing in cybersecurity, where BPI invested at least Php 2 million annually in training and improving its services to prevent hackers from stealing their client’s investments.

“Our investment in technology and people is vital in protecting ourselves from cyber risk, which can affect our brand, our share prices, and our ability to provide the services that our clients need,” BPI Chief Risk Officer Marita Socorro Gayares said.

Other best practices include tapping third-party consultants such as Ernst and Young, PricewaterhouseCoopers, and Deloitte to strengthen and improve their risk management.

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