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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 ...
[1] [2] The bank traces its roots to two banking institutions in Bulacan; the Bulacan Development Bank (BDB) which was founded in 1961 in San Miguel and the Bulacan Savings and Loan Association (BSLA) of Malolos. [3] At least one these banks in Bulacan catered to entrepreneurs from the countryside who runs small and medium enterprises (SMEs). [4]
A PBCom branch in Baliuag, Bulacan. PBCom is a member of BancNet and the Philippine Deposit Insurance Corporation. In 2014, PBCom acquired a majority stake with the Controlling Stockholders of Dipolog-based rural bank Banco Dipolog, thus making the said bank as PBCom's subsidiary.
Industrial and Commercial Bank of China - Manila Branch: 8,793.79: 38 Hua Nan Commercial Bank Ltd - Manila Branch: 8,670.80: 39 Industrial Bank of Korea - Manila Branch: 7,946.65: 40 Cathay United Bank Co. Limited - Manila Branch: 6,961.75: 41 Chang Hwa Commercial Bank Limited - Manila Branch: 6,237.62: 42 United Overseas Bank Limited - Manila ...
The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. [13] It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation ( RCBC ).
A Chinabank branch in Apalit, Pampanga A Chinabank branch at SM City Cebu. Chinabank has been involved in strategic alliances to expand and strengthen its operations. In 2007, it entered into a Bancassurance joint venture with the Manulife, one of the leading insurance companies in the world, to form Manulife China Bank Life Assurance Corporation (MCBLife), [7] and acquired the majority shares ...
Sterling Bank of Asia (SBA) (Hokkien Chinese: 融通亞洲銀行; Pe̍h-ōe-jī: Iông-thong A-chiu Gûn-hâng [3]) is a savings bank in the Philippines principally owned by the JTKC Group of Companies, Surewell Equities, and Star Equities engaged in diverse industries ranging from logistics to finance, real estate, manufacturing, hotel and resort properties.
BDO Network Bank (BDO NB), formerly known as One Network Bank (ONB), is a rural bank in the Philippines.Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 ...