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CitySavings
City Savings Bank, commonly known as CitySavings, is a thrift bank subsidiary of Union Bank of the Philippines and established in 1965, founded in Cebu City and also member of the Aboitiz Group of Companies. City Savings is regulated by the Bangko Sentral ng Pilipinas. Its corporate office is located at the UnionBank Plaza, Meralco Avenue corner Sapphire and Onyx Streets, Ortigas Center, Pasig, Metro Manila. History CitySavings was incorporated by Don Ramon Aboitiz and Teotimo Abellana in 1965 at Cebu City, Philippines as Cebu City Savings and Loan Association (CCSLA). After 11 years, the bank expanded to the nearby city of Tagbilaran, Bohol. In 2013, City Savings was acquired by UnionBank and became its subsidiary. They then expanded their network in Cagayan Valley and opened a branch in Tuguegarao, Cagayan. In June 2018, UnionBank's subsidiary City Savings Bank acquired Philippine Resources Savings Bank (PR Savings) from the ROPALI Group, with City Savings Bank as the surv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unionbank (Philippines)
Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank. History Founding The bank was originally incorporated as “Union Savings and Mortgage Bank” on August 16, 1968. After the initial public offering the bank's shares were listed at the Philippine Stock Exchange (PSE) on June 29, 1992. Licensing as universal bank On July 15, 1992, the bank was granted the license to operate as a universal bank and changed its current name to Union Bank of the Philippines (UBP). Mergers and acquisitions In 1993, UnionBank merged with International Corporate Bank ("Interbank") and in 2006, another merger with I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In The Philippines
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. As of September 30, 2022, there were 45 universal and commercial banks, 44 savings banks, 400 rural and cooperative banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000. On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines. List Universal a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Banks In The Philippines ...
These are the largest banks in the Philippines ranked by total assets as published by Bangko Sentral ng Pilipinas (BSP). Universal and commercial banks As of 30 June 2024 Thrift banks 2022 Rural and cooperative banks 2022 Digital banks 2023 See also * List of banks in the Philippines * List of largest banks in Southeast Asia Review of top banks in the Philippines References {{Asia topic, List of banks in Philippines Philippines Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aboitiz Equity Ventures
Aboitiz Equity Ventures Inc. (AEV) is a Philippine holding company based in Metro Manila, with roots from Cebu City. The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence. In 2017, the company was ranked 1793rd on the Forbes Global 2000. In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate. A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two. History The company was founded on September 11, 1989, as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993. The company went public on November 16, 1994. Business Units Power Aboitiz Power Corporation is a holding company engaged in po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BancNet
BancNet (also spelled Bancnet) is a Philippine-based interbank network connecting the ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of member banks and annual transactions. Due to its status as the country's single ATM switch operator, it is designated by the Bangko Sentral ng Pilipinas (BSP) as the country's national ATM network. BancNet is also the exclusive gateway of China's UnionPay, allowing access to the nearly 1 billion ATM cardholders from China. BancNet is allied with global payment brand JCB International. Through this alliance, JCB cardholders can make cash advances at participating BancNet member ATMs nationwide. Bancnet interconnects with international card networks Diners Club, Discover, KFTC, Mastercard, and Visa. BancNet serves more than 41 million ATM cardholders of its 124 members and affiliates with over 21,000 ATMs and more than 304,000 POS terminals. In 2008, Expre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
