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On June 17, 1950, Equitable Banking Corporation was founded by Go Kim Pah [1] as the first commercial bank in the Philippines, licensed by the newly formed Central Bank of the Philippines (now Bangko Sentral ng Pilipinas). Other commercial banks like Bank of the Philippine Islands were formed and licensed during the Spanish or American regimes ...
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)
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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, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
Commercial bank P A Philtrust Bank: Financials Banks Manila: 1916 Universal bank P A Phoenix Petroleum: Oil & gas Exploration & production Davao City: 2002 Oil & gas P A Plantersbank: Financials Banks Makati: 1971 Development bank, defunct 2016 P D Play Innovations: Amusement services Entertainment center Taguig: 2013
National Bank of Cambodia [1] Canada: Canadian Bank Note Company (CBNC) 1897 None (Privately held company) [1] Chile: La Casa de Moneda de Chile (CMCh) 1743 (1927) CORFO [1] China: China Banknote Printing and Minting Corporation (CBPMC) 1908 People's Bank of China [1] Colombia: Imprenta de Billetes: 1959 Bank of the Republic [1] Cuba
' Central Bank of the Philippines '; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 [ 2 ] as amended by Republic Act 11211 or the New ...