Bank of Makati (A Rural Bank), Inc. (BMI) has not just weathered the global economic crisis of 2009 but profitably maneuvered itself through it as can be gleaned from its audited Financial Statements for year 2009. As of December 31, 2009, total resources reached P13.2 billion, 26.63% higher than the previous year's. Deposit liabilities increased by 27.50 %, at P8.9 billion compared to P7.0 billion in 2008. Net profit registered a 56.87% growth at P829.5 million.
It has maintained its position as the No.1 rural bank and its ranking of No. 410 in Business World's Top 1000 Corporations in the Philippines.
Bank of Makati is gearing up for more exciting developments as it moves to penetrate new markets. It recently concluded its BMI Power Connect Promo with a raffle draw. The electronic raffle draw was held last April 20,2010 at the BMI Head Office in Makati City under the supervision of DTI representative Juanita B. Chua. The BMI Power Connect is a service facility that provides a direct & convenient mobile communication link between the Bank and its borrowers through SMS (Short Messaging System) or text messaging. This allows registered customers to perform selected banking services using their mobile phones.
Moreover, the Bangko Sentral ng Pilipinas approved a P2.9 billion Rediscounting Facility to BMI. This would allow the Bank more flexibility in lending to qualified small and medium borrowers at competitive interest rates.
As part of Bank of Makati's expansion program, its present network of 17 branches nationwide will be complemented by 17 loans centers in key cities spread out across the country.