• BPI opened a rep office, not a branch, in Roppongi

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    MAKATI CITY, METRO-MANILA: Contrary to the impression given by your published report on the subject,

    Bank of the Philippine Islands opened last October 29, 2014 a representative office, not a branch, in Roppongi, Japan.

    A representative office does not engage in banking transactions, whether deposit-taking or collecting fees, nor does it accept remittances directly. BPI, through its tie-ups, provides a fast and affordable way of sending Money to the Philippines. In Japan, these tie-ups include Japan Remit Finance, Speed Money Transfer Japan

    K.K. and Unidos Co. Ltd. (Kyodai Remittance) and its global tie-ups, I-Remit and UAE Exchange.

    Rich Manalad
    PR & Corporate Communications Officer
    Bank of the Philippine Islands
    0918-9854638; radmanalad@bpi.com.ph
    [The BPI letter is dated Nov.
    5, 2014.]

    [Publisher/Editor’s comment: The story “BPI opens Japan branch” which we published on October 31, 2014, referred to the BPI office in the headline as a branch and in the first sentence as a “representative office branch.” We regret the error.]

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