BPI Express Card Corporation: Subsidiary of the Bank of the Philippine Islands strategic management study

• Main Author: Tiqui, Ellen V.
• Format: text
• Language: English
• Published: Animo Repository 1997
• Subjects: Business Administration, Management, and Operations
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/2311
• Institution: De La Salle University

THE INDUSTRY BPI Express Credit Card Corporation, a subsidiary of the Bank of the Philippine Islands falls under the financial service industry. This industry is a composite of different organizations catering to the needs of individuals and business entities for the management of monetary affairs. In the financial services industry, commercial banks constitute the core of a nations financial system. They are the depositors for the funds of numerous individuals, business units, and the government. Through their lending and investing activities they provide substantial financing to all major sectors of the economy: the household, the business, and the government. By extending credits to these segments of the economy, they facilitate the flow of goods and services from producers to consumers and affect the financial activities of the government. The Philippine financial system is divided into three (3) major sectors namely: 1) banks, 2) Non-Bank Financial Intermediaries (NBFIs) and 3) Non-Bank Thrift Institutions. Banks are further classified into four (4) types, viz.: commercial banks, thrift banks, specialized government banks, and rural banks. Non-bank financial intermediaries on the other hand is subdivided into two (2), namely NBFIs with quasi-banking function (investment houses, financing companies) and other non-bank financial intermediaries such as investment companies, lending investors, pawnshops and the like. Lastly, non-bank thrift institutions are classified into two (2) viz.: nonstick savings and loan association, mutual building and loan associations.