Image from Senator Trillanes IV and Rody Duterte’s Facebook accounts- The Bank of the Philippine Islands has expressed its concern over compromised client data security after Senator Trillanes’ latest expose about Duterte’s hidden wealth in an undisclosed bank account under the aforementioned bank
- BPI released an official statement on April 29, 2016 denying the allegations of client confidentiality breach
- In their official statement, BPI assures that the bank remains to have one of the most highly regarded data protection practices in the industry
The Bank of the Philippine Islands (BPI), part of the Ayala group of companies and the country’s oldest bank in operation, sparked concerns over alleged compromise of client information after the latest expose of Senator Antonio Trillanes IV against Presidential candidate and Davao City Mayor Rodrigo Duterte involved the bank’s client data protection, The Manila Times wrote.
On April 27 2016, Senator Trillanes claims that Duterte has at least P211M in a joint bank account, under the Bank of the Philippine Islands, which he failed to declare in his 2014 Statement of Assets and Liabilities (SALN) as mandated by law.
BPI has since denied the allegations that there has been a breach of client confidentiality:
“Allegations of breach of client confidentiality have recently been leveled at the Bank of the Philippine Islands. Our internal investigation reveals that there has been no such breach. BPI continues to have one of the most highly regarded data protection practices in the industry, and we are committed to protecting client information and preserving the trust bestowed on us by our clients all these years,” BPI said in their official statement dated April 29 2016.
Duterte declared on April 28, 2016 after the allegations made rounds in the media, that he maintains two BPI bank accounts. As mentioned in the Manila Bulletin, Duterte insisted that said accounts only had deposits around P17,000 and P50,000.
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