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    Examples of Specific Bank in The Philippines

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    Mark Louise Maglinte
    There are over 600 banks operating in the Philippines, including 43 universal and commercial banks, 57 thrift banks, and 492 rural banks. These banks are regulated by the Bangko Sentral ng Pilipinas and operate branches primarily in major cities like Manila, Makati, Quezon City, and Bonifacio Global City. Some of the largest banks mentioned are the Philippine National Bank, the oldest and one of the largest banks; Robinsons Bank Corporation, a commercial bank based in Quezon City; and Philippine Savings Bank, a subsidiary of Metro Bank and the second largest thrift bank.

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    Examples of Specific Bank in The Philippines

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    Mark Louise Maglinte
    55 views2 pages
    There are over 600 banks operating in the Philippines, including 43 universal and commercial banks, 57 thrift banks, and 492 rural banks. These banks are regulated by the Bangko Sentral ng Pilipinas and operate branches primarily in major cities like Manila, Makati, Quezon City, and Bonifacio Global City. Some of the largest banks mentioned are the Philippine National Bank, the oldest and one of the largest banks; Robinsons Bank Corporation, a commercial bank based in Quezon City; and Philippine Savings Bank, a subsidiary of Metro Bank and the second largest thrift bank.

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    Examples of Specific Bank in the Philippines

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    There are over 600 banks operating in the Philippines, including 43 universal and commercial banks, 57 thrift banks, and 492 rural banks. These banks are regulated by the Bangko Sentral ng Pilipinas and operate branches primarily in major cities like Manila, Makati, Quezon City, and Bonifacio Global City. Some of the largest banks mentioned are the Philippine National Bank, the oldest and one of the largest banks; Robinsons Bank Corporation, a commercial bank based in Quezon City; and Philippine Savings Bank, a subsidiary of Metro Bank and the second largest thrift bank.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    55 views2 pages

    Examples of Specific Bank in The Philippines

    Uploaded by

    Mark Louise Maglinte
    There are over 600 banks operating in the Philippines, including 43 universal and commercial banks, 57 thrift banks, and 492 rural banks. These banks are regulated by the Bangko Sentral ng Pilipinas and operate branches primarily in major cities like Manila, Makati, Quezon City, and Bonifacio Global City. Some of the largest banks mentioned are the Philippine National Bank, the oldest and one of the largest banks; Robinsons Bank Corporation, a commercial bank based in Quezon City; and Philippine Savings Bank, a subsidiary of Metro Bank and the second largest thrift bank.

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    Examples of Specific Bank in the Philippines

    Banks are important to an economy, you wouldn’t be able to put very important
    economic items together without it. According to Venus Angelli David (2018),
    there are 43 universal and commercial banks, 57 thrift banks, 492 rural banks, 40
    credit unions and 6,267 non-banks in the Philippines with quasi-banking features.
    Universal banks with the largest financial capital operating in the Philippines
    have branches in either Makati, Bonifacio Global City (BGC), Quezon City or some
    other part of Metro Manila and provinces of Philippines.
    The operations and practices of these banks are subject to the regulation of Bangko
    Sentral ng Pilipinas (the central bank of the Republic of the Philippines), provided
    under Section 4 of the Republic Act No. 8791, better known as the
    "General Banking Law of 2000." Some of these banks are:

     Philippine National Bank – a universal bank and known for a largest bank in
    the Philippines. Established by the Philippines government on July 22, 1916
    during American occupation which was purchased by Lucio Tan after it was
    privatized by government and became the first universal bank in the
    Philippines in 1980. Its first headquarters was in the old Masonic Temple
    along Escolta, Manila.

    Its primary mission was to provide financial services to Philippine agriculture


    and industry and to support the economic development program of the state
    . And now PNB became the fifth largest private domestic bank in the country
    after its merger with the Tan-owned Allied Bank on February 9, 2013. As of
    the end of 2011, PNB had 331 branches in the Philippines and 13 branches
    overseas.

     Robinsons Bank Corporation – a commercial bank and formerly known as


    Robinsons Savings Bank founded in 1997 and changed its name in May 2011.
    It is based in Quezon City with branches across the Philippine. This bank
    provides banking services for retail and business customers.
     Philippine Savings Bank – a savings bank or thrift bank abbreviated as PSB
    which is a subsidiary of Metro Bank and a second largest savings bank in the
    Philippines. It was founded in 1959 at Manila and its headquarters is at
    Makati, Philippines.

    Reference

    Venus.2018. List of General & Commercial Banks in the Philippines; [cited

    2019 Oct 10]. Available from

    https://doingbusinessinthephilippines.com/list-of-banks-in-the

    philippines/?fbclid=IwAR0zviZQOJYeE2ZC3UfMHTXjMfTn0ZAzKYsfIoETsDW

    qYIBaBczFQtn77Tc

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