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The bank aims to branch out into the country's other business hubs. In January 2013, PBB announced plans to expand its nationwide network of 78 branches to 100 by year-end. The first phase of expansion will focus on Luzon, especially the Metro Manila area, and additional branches will be used to reach out to the Philippines’ growing SME ...
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 Philippine Savings Bank (PSBank) 263,376.95: 2 Philippine Business Bank, Inc. (PBB)
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 ...
In 2000, it became the Philippines' first bank assurance firm, being the first Philippine bank to offer insurance services after acquiring the insurance companies of the Ayala Corporation, the parent company of BPI. Within that year, BPI also founded the BPI Direct Savings Bank, an Internet bank.
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
It was formerly known as Green Bank (or the Rural Green Bank of Caraga), which was a Philippine rural bank based in Butuan and also acquired since 2013 by East West Banking Corporation alongside FinMan Bank, a rural bank based in Pasig. Prior to its acquisition it was the largest bank in the Caraga region in terms of assets, and it had 46 branches.
The bank was able to repeat this feat and reported an income of ₱353 million by end-2004. [citation needed] In August 2005, PNB became fully privatized. The joint sale by the Philippine government and the Lucio Tan Group of the 67% stake in PNB was completed within the third quarter of 2005.
Alfredo M. Yao (born November 26, 1943) is a Filipino businessman who is the founder of Zest-O, [1] Macay Holdings, Inc. (PSE: MACAY) and Philippine Business Bank (PSE: PBB). He served as the Special Envoy to China for Tourism and Cooperation in 2009.