Search results
Results from the WOW.Com Content Network
Facade of PBCom building in Manila. PBCOM started as the Philippine branch of the Chinese Bank of Communications, which became one of the first non-American foreign commercial banks to operate in the Philippines (foreign because it was under Chinese control at the time) with the granting of its banking license on August 15, 1939.
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 ...
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.
In November 1991, the bank changed its official name to Bank of Commerce. With the buyout of Bank of Boston's majority interest in 1993, Bank of Commerce was placed under complete Filipino ownership. As part of its growth plans, Bank of Commerce acquired Pan Asia Bank and purchased selected assets and liabilities of Trader’s Royal Bank in 2001.
The Bank of Communications was formed in 1908 and provided more than half of the financing needed to buy the railway. [10] The successful redemption enhanced the prestige of Liang's Communications Clique. The bank's name uses the word "communications" to refer to the linking of two points by a means of transportation. [11] [12]
E-Government Act of 2002; Other short titles: Federal Information Security Management Act of 2002: Long title: An Act to enhance the management and promotion of electronic Government services and processes by establishing a Federal Chief Information Officer within the Office of Management and Budget, and by establishing a broad framework of measures that require using Internet-based ...
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-owned bank and was one of the largest banks in the Philippines, having ranked within the top twenty banks in the country in terms of assets. It was the only existing universal bank not listed on the Philippine Stock Exchange.
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 ...