Taken from Facebook page posted by Viginia Omoso Guazon
(both text and attachment)
May this enormous wealth of the Roman Catholic Church be shared with and spent for the poor…
DID YOU KNOW?
Catholic Church has billions invested in BPI, Philex, San Miguel!
For most of us, it’s a given that the Catholic Church is rich. One just has to look at their sprawling acres of land, large Church structures and buildings, and millions of pesos of cash collected from mass goers every week.
What a lot of people do not know is that the Church is also a stockholder in several Philippine companies; the total investment in these publicly-listed firms comprise a sizable chunk of its total wealth. Reports submitted to the Philippine Stock Exchange (PSE) show that the Church and affiliate Catholic groups are, in fact, the top stockholders in companies such as the Bank of the Philippine Islands (BPI), Philex Mining Corporation (PX), San Miguel Corporation (SMC), Ayala Corporation (AC), and Phinma Corporation (PHN), among others.
The Roman Catholic Archbishop of Manila, for example, is the 4th largest owner of the Bank of the Philippine Islands (BPI) with more than 300 million shares. How much are these shares worth? As of May 2011, this is valued at more than P17 billion. Yes, that’s seventeen billion pesos, with a B.
Aside from banking, the Roman Catholic Church in the Philippines is also invested in mining and construction.
As of March 31, 2011, the Roman Catholic Archbishop of Manila is the 15th top shareholder of Philex Mining Corporation (PX), the country’s largest mining firm. It owns 3.2 million shares of PX currently worth more than P66 million.
(Update August 22, 2011: Catholic Church sold all its Philex shares to Manny Pangilinan?)
It is also an investor in Concrete Aggregates Corp. (CA), a supplier of construction materials such as processed aggregates, ready mix concrete and crushed sand. Its investment in CA is currently valued at around P4.5 million.
The Roman Catholic Archbishop of Manila is not the only diocese invested in Philippine stocks. Other dioceses with significant stock investments include:
Roman Catholic Bishop of Tuguegarao, Cagayan – owns 856,639 shares of SMC worth P94 million
Roman Catholic Bishop of Nueva Segovia de Vigan – owns 428,067 shares of SMC worth P47 million
Roman Catholic Archbishop of Jaro, Iloilo – owns 491,385 shares of BPI worth a total of P28 million
Roman Catholic Bishop of Tuguegarao, Cagayan – owns 24,015 shares of Ayala Corp worth P9.3 million
Affiliate Catholic groups apparently also have huge investments in Philippine companies. More than P500 million pesos worth of San Miguel Corp (SMC)‘s shares, for example, are owned by three (3) Catholic groups:
El Superior de la Corporacion Filipina de Padres Agustinos Recoletos – 2.37 million shares worth P260.7 million
Superior de la Corporacion Archicofradia de N.P.J.N de Recoletos – 1.23 million shares worth P136 million
Carmel of the Divine Infant Jesus of Prague, Inc. – 957,000 shares worth P105 million
All this talk of the Church’s riches is merely the tip of the iceberg since our compilation below only includes the Church’s investments in PSE-traded firms. We do not know how much more is invested in private entities, in companies outside the Philippines, in bonds, in time deposit accounts, or in real estate properties.
I don’t know where she did get this data though.