Mizuho, BPI renew business cooperation agreement

The agreement aims to provide Japanese companies with banking support in the Philippines.

Mizuho Bank and the Bank of the Philippine Islands (BPI) have renewed their existing business cooperation agreement.

The new cooperation expands into mergers and acquisitions (M&A), asset management, human resources, and environmental, social, and governance (ESG). 

First inked in 2012, the agreement aims to provide Japanese companies considering entering the Philippines with local banking information and enhancing their support systems after entering the Southeast Asian country. 

The two banks have since been cooperating mainly in the areas of local currency services, introduction of local partners and sales partners, mutual cooperation in developing local credit markets, and information exchange in relation to local financial markets and regulations.