Based on the agreement, IBM will take over BPI’s IT network and data center activities to manage its day-to-day IT operations, while enabling the lender’s information systems team to concentrate on the bank’s strategic programs.

BPI president and CEO Cezar Consing said that the country’s growth trajectory provides BPI with the opportunity to grow and the alliance with IBM will help provide the IT infrastructure that is supportive of the bank’s growth goals.

IBM Philippines president and country general manager Mariels Almeda Winhoffer commented, "IBM will provide smarter, scalable IT services and capabilities that will enhance and accelerate BPI’s transformation for growth."

Established in 1851, BPI offers an array of deposits, corporate & consumer lending, and trust business & asset management services in the country.