banks

BANKS

a. Government-Ownedb. Private-Owned

“A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment house as provided in existing laws and the

power to invest in non-allied enterprises”

What is a Universal Bank?

a. Government-Ownedb. Private-Owned

TYPES

Al-Amanah Islamic Bank traces its roots to the Philippine Amanah Bank, established by President Ferdinand Marcos. Headquartered in Zamboanga City, Philippines . Managed by Jaime F. Panganiban, Chairman and CEO

Government-Owned Local Universal Banks

The Development Bank of the Philippines (by its initials, DBP, is a state and owned development bank. It is the 7th-largest bank in the Philippines in terms of assets, and is the second-largest government-owned bank, next only to LandBank.


Landbank or by its initials, LBP, is owned by the Philippine government with a special focus on serving the needs of farmers and fisherman. Landbank is the 4th largest bank in the Philippines in terms of assets and is the largest government-owned bank.


Private-Owned Local Universal Banks

Allied Bank, formally known as Allied Banking Corporation, is one of the largest banks in the Philippines ranking tenth in terms of assets. The business tycoon, Lucio Tan, is the Chairman .


It is now the largest bank in the Philippines in terms of assets, loans and deposits. The bank is the product of the Banco de Oro-Equitable PCI Bank merger after the boards of both Banco de Oro Universal Bank and Equitable PCI Bank agreed to merge on December 27, 2006.

Banco de Oro Unibank, Inc.


Bank of the Philippine Islands (BPI) is the oldest bank in the Philippines still in operation and is the country's third largest bank in the country in terms of assets, the country's largest bank in terms of market capitalization, and the country's most profitable bank. It is owned by the Ayala Corporation - the largest conglomerate in the Philippines

Bank of the Philippine Islands


China Banking Corporation known publicly as China Bank is Philippines' fourth largest universal bank by market capitalization. Established in 1920, it is the first privately-owned commercial bank in the Philippines.


Metropolitan Bank and Trust Company commonly known as Metrobank. It has a diverse offering of financial services, from regular banking to insurance. Metrobank is the second largest bank in the country.


Philippine National Bank (PNB) is one of the largest banks in the Philippines, ranking fourth in terms of assets. PNB became the first universal bank in the Philippines in 1980 It was privatized in 1989.


Rizal Commercial Banking Corporation is managed by Yuchengco Family. It is the Philippines' fifth-largest bank by assets . It is licensed to operate for both commercial and investment banking.

Rizal Commercial Banking Corporation


Security Bank, more formally known as Security Bank Corporation, is one of the largest commercial banks in the Philippines. It is one of the twenty largest banks in the Philippines in terms of assets.

Security you can bank on


UnionBank, is one of the largest banks in the Philippines, ranking seventh in terms of assets after its successful merger with smaller competitor International Exchange Bank. It is one of the most stable Philippine banks and is the host bank of the E-Card accounts of the members of the GSIS.

Union Bank of the Philippines


The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, is one of the largest banks in the Philippines, ranking within the top twenty banks in the Philippines in terms of assets. The bank, owing to its name, caters heavily to coconut farmers, but also serves a wide-ranging clientele.

New Logo

Old Logo

“ In addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue letters of credit; discount and negotiate promissory notes, drafts, bills of exchange, and

other evidences of debt; accept or create demand deposits; receive other types of deposits and

deposit substitutes; buy and sell foreign exchange and gold or silver bullion; acquire marketable bonds and other debt securities; and extend

credit”.

What is a Commercial Bank?

a. Local Commercialb. Foreign

CommercialTYPES

Local Commercial Banks

Foreign Commercial Banks

In Summary

The Philippines has a comprehensive banking system encompassing various types of banks,

from large universal banks to small rural banks and even non-banks.

At present, there are 17 universal banks, 23 commercial banks, 84 thrift banks, 711 rural

banks, 44 credit unions and 12 non-banks with quasi-banking functions, all licensed

with the

Bangko Sentral ng Pilipinas.