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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]
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 ...
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.
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 ).
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.
Unlike most Philippine banks, LandBank has an extensive rural branch network with 409 Branches and Extension Offices, 46 Lending Centers and 2,188 ATMs (as of February 2020). [2] It services many rural sector clients in areas where banking is either limited to rural banks or is non-existent.
The Philippine Savings Bank (also known in Hokkien Chinese: 全菲儲蓄銀行; Pe̍h-ōe-jī: Choân Hui Thí-thiok Gûn-hâng; & Mandarin simplified Chinese: 全菲储蓄银行; traditional Chinese: 全菲儲蓄銀行; pinyin: Quán Fēi Chúxù Yínháng) [2] (shortened as PSBank or abbreviated as PSB) is a savings bank based in the Philippines.