Bank of the Philippine Islands (BPI) expanded its FX business across corporate, SME and retail banking in 2025, with greater use of derivatives and digital execution. The bank estimated that it held 12% of the Philippine interbank FX market in December 2025.
Derivatives were an increasingly important part of the proposition during the review period. Volume rose by 14% year-on-year to $23.16 billion and represented 40% of total business. BPI delivered $13.6
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