IBM Services signs $260 million IT services agreement with Bank of the Philippine Islands

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IBM and the Bank of the Philippine Islands, a universal bank headquartered in Manila, has signed a $260 million, multi-year services agreement.

Under the terms of the agreement, IBM will provide IT infrastructure services, as well as digital development capabilities to the bank, the company said in a statement.

BPI is the third-largest bank in the Philippines in terms of assets, with more than nine million customers, says IBM.

[Image courtesy: IBM]