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WATCH: Bilyun-bilyong Investment Ng Simbahang Katoliko sa Pilipnas!



For most of us, it’s a given that the Catholic Church is rich. Obvious proof of that are their sprawling acres of land, large Church-owned structures and buildings, and millions of pesos of cash collected from mass goers every week.

What a lot of people do not know, though, is that part of the Church’s wealth is its multi-billion peso investments in several Philippine companies. In fact, reports submitted to the Philippine Stock Exchange (PSE) show that the Church and affiliate Catholic groups are 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.

Philippine Church invested in banks, mining, construction, etc.

The Roman Catholic Archbishop of Manila, for example, owns more than 300 million shares of BPI and is the bank’s 4th largest owner.

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.

Interestingly, aside from banking, the Roman Catholic Archbishop of Manila (RCAM), together with its subsidiary hospitals and companies, is also invested in mining and construction.

As of March 31, 2011, the RCAM 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.

RCAM 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 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 wealth of the Church is merely the tip of the iceberg since our compilation 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.

Church should play more active role in educating its flock about finances

We understand that the Church has to invest money in various assets, including equities, in order to finance and sustain itself. This is actually good since this shows how financially-literate the Church is.

The weekly Sunday sermons should, therefore, include not just lessons about being morally upright. The Church should also convince mass goers to work and pursue livelihood and to not simply leave their fate to God (“Ipagpasa-Diyos niyo ang lahat ng inyong mga problema.”).

The Church should educate its people about the value of earning, saving, and investing money and should not condone Catholics who are already content in life even if they are penniless (“Blessed are the poor in spirit for theirs is the Kingdom of heaven”).

More importantly, we urge the Catholic Church to play a more pivotal and proactive role in helping solve the ills of the country. The billions of pesos of investments (as seen in the table below) can go a long way in uplifting the lives of poor Filipino people who, admittedly, form the critical mass of supporters of the Catholic Church.

Yes, the Church is already doing its share by running hospitals and orphanages, by providing assistance to those who come to them for help, and by offering moral guidance. But with billions of pesos worth of assets that can even surpass the assets of the Philippine government, they can do more and should do more.

They owe it to the millions of Filipinos who donate their hard-earned cash every Sunday to the Church that religiously invests in stocks.

Stock Investments of Catholic Church and affiliate Catholic Groups

Stock Investments of Catholic Church and affiliate Catholic Groups



DIOCESE / CHURCH FOUNDATIONCOMPANY# SHARES OWNEDRANK IN TOP 100TOTAL INVESTMENT VALUE
ROMAN CATHOLIC ARCHBISHOP OF MANILABank of the Philippine Islands (BPI)222,843,6814thPHP12.724 Billion
ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)Bank of the Philippine Islands (BPI)41,408,8418thPHP2.364 Billion
ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)Bank of the Philippine Islands (BPI)22,072,18213thPHP1.26 Billion
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)Bank of the Philippine Islands (BPI)6,016,62415thPHP343.55 Million
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSP DE SA JUAN DE DIOS)Bank of the Philippine Islands (BPI)4,285,57217thPHP244.71 Million
ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)Bank of the Philippine Islands (BPI)2,664,26621stPHP152.13 Million
ROMAN CATHOLIC ARCHBISHOP OF MLA (ST. PAUL`S HOSPITAL)Bank of the Philippine Islands (BPI)1,772,41826thPHP101.21 Million
CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.Bank of the Philippine Islands (BPI)726,81949thPHP41.50 Million
EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOSBank of the Philippine Islands (BPI)551,38260thPHP31.48 Million
ROMAN CATHOLIC ARCHBISHOP OF JAROBank of the Philippine Islands (BPI)491,38564thPHP28.06 Million
EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOSSan Miguel Corp (SMC)2,370,00031stPHP260.70 Million
SUPERIOR DE LA CORPORACION ARCHICOFRADIA DE N.P.J.N DE RECOLETOSSan Miguel Corp (SMC)1,234,60375thPHP135.81 Million
CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.San Miguel Corp (SMC)957,51679thPHP105.33 Million
ROMAN CATHOLIC BISHOP OF TUGUEGARAOSan Miguel Corp (SMC)856,63981stPHP94.23 Million
REAL MONASTERIO DE LA PURISIMA CONCEPCION DE NUESTRA MADRE SANTA CLARA DE MANILASan Miguel Corp (SMC)809,83483rdPHP89.08 Million
SUPERIOR DE LA CORPORACION DE PADRES RECOLETOS POR BECAS Y VOCACIONESSan Miguel Corp (SMC)621,70289thPHP68.39 Million
CARMEL OF ST THERESE OF THE CHILD JESUSSan Miguel Corp (SMC)592,95691stPHP65.23 Million
THE DISCALCED CARMELITE NUNS OF CEBUSan Miguel Corp (SMC)451,86495thPHP49.71 Million
ROMAN CATHOLIC BISHOP OF NUEVA SEGOVIA DE VIGANSan Miguel Corp (SMC)428,06798thPHP47.09 Million
ROMAN CATHOLIC ARCHBISHOP OF MANILAPhilex Mining Corp (PX)3,221,13515thPHP66.68 Million
RELIGIOUS OF THE VIRGIN MARY - BPhilex Mining Corp (PX)3,125,77716thPHP64.70 Million
RELIGIOUS OF THE VIRGIN MARY-APhilex Mining Corp (PX)1,091,02769thPHP22.58 Million
ROMAN CATHOLIC BISHOP OF TUGUEGARAOAyala Corporation (AC)24,01573rdPHP9.29 Million
KNIGHTS OF COLUMBUS FRATERNAL ASSOCIATION OF THE PHILS, INC.Ayala Corporation Preferred Shares - A (ACPA)60,0002ndPHP31.80 Million
ROMAN CATHOLIC BISHOP OF TAGBILARANAyala Corporation Preferred Shares - B (ACPR)10,00064thPHP1.02 Million
DAUGHTERS OF CHARITY OF ST. VINCENT DE PAULPHINMA Corp. (PHN)159,57519thPHP2.12 Million
ROMAN CATHOLIC BISHOP OF THE DIOCESE OF JUAN DE DIOSPHINMA Corp. (PHN)153,88020thPHP2.05 Million
RELIGIOUS OF THE VIRGIN MARYPHINMA Corp. (PHN)58,97552ndPHP784,368
ROMAN CATHOLIC ARCHBISHOP OF MANILAConcrete Aggregates Corp (CA)78,8469thPHP3.47 Million
ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)Concrete Aggregates Corp (CA)13,06718thPHP574,948
ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)Concrete Aggregates Corp (CA)8,31724thPHP365,948
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)Concrete Aggregates Corp (CA)1,89866thPHP83,512
ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)Concrete Aggregates Corp (CA)84197thPHP37,004
ROMAN CATHOLIC ARCHBISHOP OF MANILAISM Communications (ISM)38,39948thPHP126,333
SOCIETY OF THE DIVINE WORDFilipino Fund Inc. (FFI)6,00024thPHP48,000
ROMAN CATHOLIC BISHOP OF BANGUEDFilipino Fund Inc. (FFI)1,50049thPHP12,000
CATHOLIC WOMENS LEAGUEBenguet Corp. - A (BC)21553rdPHP4,107
CORPORACION DE PADRES DOMINICOSEEI75,00075thPHP256,500


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