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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] |
Universal Bank
A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the United Kingdom and the United States, where historically there was a distinction drawn between pure investment banks and commercial banks. In the US, this was a result of the Glass–Steagall Act of 1933. In both countries, however, since the 1980s the regulatory barrier to the combination of investment banks and commercial banks has largely been removed, and a number of universal banks have emerged in both jurisdictions. In other countries, the concept is less relevant as there was no regulatory distinction between inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America, N
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 play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Bank Of The Philippines
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises. It has 146 branches including 14 branch lite units. It was established after World War II in 1947 on the government's effort through its mandate to rebuild the country's war-torn infrastructure. It focuses on four major areas of financing — infrastructure and logistics, social services, small and medium enterprises, and the environment. , it was the eighth-largest bank in the Philippines in terms of assets. DBP is also the second-largest and one of the state-owned and controlled banks along with Land Bank of the Philippines (LBP), Overseas Filipino Bank (OFW Bank), and Al-Amanah Islamic Bank. As a GOCC ( Government Operated and Controlled Corporation), DBP is required to declare and remit at least half of its annual net earnings to the Nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank Philippines
Citibank Philippines is the Philippines branch of Citibank. In July 1902, the International Banking Corporation, a predecessor to Citibank, opened its first branch in Manila. It was the largest commercial bank in the Philippines. One of its largest investments in the country is the site building in Bonifacio Global City, Taguig. Citi Philippines, including Citi Solutions Center (CSC) Manila, comprising Regional Operating Headquarters (ROHQ) and the Citigroup Business Process Solutions (CBPS), have around 7,000 employees. Currently, Citi Philippines serves the public sector, top-tier local corporates, multinationals, and financial institutions through its Institutional Clients Group. History In 2012, the bank installed an ATM in The Rockwell Center in Manila which dispenses US Dollars in addition to Pesos- becoming the first in the country to do so. This allows customers to withdraw cash or conduct transactions up to $3000 per day. Exit of consumer banking operations and merg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIMB
CIMB Group Holdings Berhad () is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region. The group operates under several entities, which include CIMB Investment Bank, CIMB Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International and CIMB Thai. The group's business activities are primarily in the areas of Consumer Banking, Wholesale Banking, comprising Investment Banking and Corporate Banking, Treasury & Markets, and Group Strategy & Strategic Investments, with its core markets being Malaysia, Indonesia, Singapore and Thailand. CIMB Islamic operates in parallel with these businesses, in line with the group's dual banking model. The group has around 33,000 employees in 18 countries, covering ASEAN and major global financial centres, as well as countries in which its customers have significant busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CTBC Bank
CTBC Bank (previously and still known in Chinese as Chinatrust Bank) is a Taiwanese commercial bank. It is currently a wholly-owned subsidiary of CTBC Financial Holding. History It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into Chinatrust Commercial Bank, shortened to Chinatrust Bank. In 2013, its English name was changed to CTBC Bank, which the company noted was "not an abbreviation" referring to Chinatrust Banking Corporation; the Chinese-language name meaning "Chinatrust Bank" was unchanged. The bank has subsidiaries in the Philippines, the United States, Canada, Japan, Thailand and Indonesia, foreign branch offices in Singapore, Hong Kong, mainland China, India, Japan, and Vietnam, and foreign representative offices in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles. CTBC Bank was awarded by international professional agenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinabank
China Banking Corporation (; ), commonly known as Chinabank, is a Filipinos, Filipino bank established in 1920. It was the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese Filipino businesspeople. It offers various banking services and products related to deposit, investment, trust, cash management, remittance, and financing products and services. It also offers insurance brokerage, stock brokerage, capital markets, and bancassurance services through its subsidiaries and affiliate. Chinabank is the fourth largest private universal bank in the Philippines. It was named by The Asset as the Best Bank in the Philippines in 2021 and by the People Management Association of the Philippines as the 2023 Employer of the Year. Chinabank is also one of the best-governed publicly listed companies. It was recognized by the ASEAN Capital Markets Forum (ACMF) as among the Top 20 ASEAN Publicly Listed Companies, as an ASEAN Asset ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chang Hwa Bank
Chang Hwa Bank (CHB; ) is a Taiwan-based financial institution that offers both retail and commercial banking services to private and corporate customers. Today, the Bank has seven overseas branches and representatives offices and 175 domestic branches, 4 Sub-branches and 5 securities broker (as of Apr. 2008).https://www.chb.com.tw/wps/wcm/connect/web/common/English/eOrg/ Organization Chart History It was established in 1905 under Japanese rule in Changhua County, and relocated to Taichung in 1910. Japanese shares were taken over by the Republic of China government after World War II. In December 1997, the Taiwan Provincial Government made public its shareholdings in the Bank in line with the government's policy of financial privatization. The Bank was officially privatized on 1 January 1998. Corporate structure *Chang Hwa Bank offers nine categories of businesses: **deposits (i.e., such as demand deposit), **corporate/institutional banking (including short- and mid-term operati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cathay United Bank
Cathay United Bank () is one of the largest commercial banks in Taiwan, with a capital value of TW$67 billion (approximately US$2.23 billion) and more than 165 branches located throughout Taiwan. It is part of Cathay Financial Holdings. History Cathay United Bank was formerly the United World Chinese Commercial Bank (UWCCB; Chinese: 世華聯合商業銀行), which was founded in 1975. In December 1982, NT$14 million was stolen from UWCCB in the largest Taiwanese bank robbery at the time. In 2003, UWCCB merged with the Cathay Commercial Bank, a wholly owned subsidiary of Cathay Financial Holding Company; UWCCB was the surviving bank but the merged bank was renamed to Cathay United Bank. In September 2012 Cathay United Bank with the National Bank of Cambodia's approval, acquired a 70% stake in Singapore Banking Corporation (SBC). SBC was founded in 1993 and has 6 branches and 10 exchange offices in Cambodia. A year later in September 2013, Cathay United Bank reached an agreement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays
Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangkok Bank
Bangkok Bank Public Company Limited (, Royal Thai General System of Transcription, RTGS: Thanakhan Krung Thep) is one of the largest commercial banks in Thailand. Its branch network includes over 800 branches as of May 2024, within Thailand, with 32 international branches in 15 economies, including wholly owned subsidiaries in Indonesia, Malaysia, Singapore and China. Bangkok Bank has branches in London and New York to complement its Southeast Asian network. History Bangkok Bank was established in 1944 and was listed on the Stock Exchange of Thailand in 1975. One of Thailand's 3rd class banks, Bangkok Bank has an extensive distribution channel network to serve a variety of customers. Services are provided through physical premises such as branches and business centers, digital banking such as internet banking ("Bualuang iBanking"), mobile banking (Bualuang mBanking), phone banking, 9,300 Automated teller machine, ATMs, 1,200 Cash deposit machine, CDMs, and other self-service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The Philippine Islands
The Bank of the Philippine Islands ('';'' '','' commonly known as BPI; ) is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines. The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 Automated teller machine, ATMs and CDMs (cash deposit machines). BPI was founded during the History of the Philippines (1521–1898), Spanish colonial era of the Philippines as El Banco Español Filipino de Isabel II. It provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today's Philippine peso. History Colonial period BPI was established on August 1, 1851, as the "El Banco Español Filipino de Isabel II" (), named after the queen of Spain, Queen of Spain, Isabella II, the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
