Bank of Makati, (A Savings Bank) (BMI) is a Filipino thrift bank established in 1956. It was founded in 1956 as a rural bank prior to its approval by the Bangko Sentral ng Pilipinas to operate as a thrift bank on April 28, 2015, when it officially became a savings bank.[3]
History
The Bank of Makati was established on September 22, 1956, as the "Rural Bank of Makati, Inc." along J.P. Rizal in the then-town of Makati, Rizal. In October 2001, the banking company underwent a change in ownership as well as some reforms. In November 2005, the name of the company was officially changed to "Bank of Makati (A Rural Bank), Inc.".[4]
In 2006, the banking company was included in the list of Top 1000 Corporations in the Philippines. According to the Business World Corporate Profile 2008, the Bank of Makati is the biggest rural bank in the country with total assets worth ₱5.2 billion and a net worth of more than ₱800 million exceeding the worth of some savings banks.[4]