Bank of Commerce

We think Customers

Customer Service:
(02) 8-632-BANK (2265)
Domestic Toll-Free Numbers:
1800-10-982-6000 (PLDT) 1800-8-982-6000 (Globe Lines)
  • ONLINE BANKING
    • BANKCOM [PERSONAL]
    • BANKCOM [BUSINESS]
    • NEW BANKCOM [BUSINESS]
  • Home
  • Products
    • List of Products and Services
    • Personal
      • Deposit Accounts
      • Loan Products
      • Credit Cards
      • Debit and Prepaid Cards
      • PESONet and InstaPay
      • BankCom Experience
      • BANKCOM SIKAPPINOY
      • Properties
    • Corporate
      • Deposit Accounts
      • Cash Management
      • PESONet and Instapay
      • TRADE FINANCE
    • Investments
      • Trust
      • Treasury
  • About Us
    • Investor Relations
      • Company Prospectus
  • BankCom Inquiry Form
USD - PHP
BUY55.45
SELL55.85

SMC Equivest infuses 5.5B in BankCom

HomeNewsSMC Equivest infuses 5.5B in BankCom

August 10, 2021

San Miguel Corporation (SMC) reported that its 100%-owned subsidiary, SMC Equivest Corporation (“SMC Equivest”), recently invested P5.5 billion capital into Bank of Commerce (“BankCom”) through the purchase of the latter’s preferred shares. The additional equity investment of SMC Equivest brings BankCom closer to its objective to have its commercial banking license upgraded to a universal banking license.

The investment affirms SMC’s and SMC Equivest’s optimism and strong outlook of growth in the banking sector, and their commitment to support BankCom in expanding its business prospects and advancing towards becoming a universal bank.

The net proceeds will be used to increase BankCom’s funding base for accelerating corporate and consumer loan growth, support capital expenditures in upgrading its banking technology, and offer a wider menu of financial services.

“We’re confident that in this time of pandemic, the banking sector will be essential to our country’s economic recovery, and will provide invaluable help both to our industries and Filipinos. BankCom can help fulfill the needs of both businesses and consumers for loans and other financial services at this critical time,” said SMC president and COO and SMC Equivest chairman and president Ramon S. Ang.

Apart from boosting the bank’s capacity for lending and investing, Ang said the capital infusion will also help enable the bank to improve operational processes through automation, strengthen cybersecurity, and offer product integration with Financial Technology players or fintechs and other banking partners.

As of March 2021, prior to the infusion, BankCom was the 16th largest bank in the Philippines in terms of assets and 17th in terms of capital.

Important Advisories

Think Twice Before You Share Your Screen
BRANCH ADVISORY: LOCAL HOLIDAY FOR MAY 2025
NEW BANKING HOURS OF BANKCOM NAIA TERMINAL 3
Read More Advisories

Promotions

Discover More Promos
  • Overview
  • Card Features
  • Application Requirements
  • Downloadable Forms

Security Reminders

  • Consumer Protection Advisories
  • Electronic Services Consumer Awareness Program
  • Security Features
  • Important Reminders
  • Security Tips
  • How to Protect Your Account

Internet Banking FAQs

  • General
  • How To Enroll
  • Using Online Banking
  • Fund Transfer
  • Bills Payment
  • Online Banking Account Info
Customer Service:
+63 (2) 8-632-2265
Domestic Toll-Free Numbers:
1800-10-982-6000 (PLDT) | 1800-8-982-6000 (Globe Lines)
Email:
customerservice@bankcom.com.ph
Facebook:
https://www.facebook.com/bankcomph
  • Sitemap
  • Privacy Policy
  • Careers
  • Contact Us
  • Find a Branch/ATM Near you

Auto Draft 13Auto Draft 13

Bank of Commerce is regulated by the Bangko Sentral ng Pilipinas. https://www.bsp.gov.ph
Access BSP Online Buddy (BOB) through BSP’s official website (Webchat)
Send SMS to 021582277 for Globe subscribers
Or visit BSP’s Facebook page https://www.facebook.com/BangkoSentralngPilipinas

Bank of Commerce is a proud member of  

Deposits are insured by PDIC up to P1,000,000 per depositor

The corporate logo of San Miguel Corporation is a registered trademark of San Miguel Corporation, and is used under license.

Copyright 2011 Bank of Commerce. All rights reserved.
SSL
Web Design and Web Development by 7th Media Philippines.