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The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, (particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. Part of the authorised capital can (and ...
It also authorized capital stock of the PhilExim to be increased from Php10 billion to Php50 billion while the equity contributions of the national government to the Home Guaranty Corporation, IGLF, and AGFP [clarification needed] will be transferred to the PhilExim to form part of its paid-up capital. [7]
Land Bank of the Philippines (LBP; often referred to simply as LandBank), is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank , it is officially classified as a "specialized government bank" with a universal banking license.
The Metropolitan Bank & Trust Company [a] (Hokkien Chinese: 首都銀行; Pe̍h-ōe-jī: Siú-to͘ Gûn-hâng), trading as Metrobank, is a Filipino bank that as of 2022, was the third largest bank in the Philippines in terms of total assets. [4] [5] It offers various financial services, from regular banking to insurance.
Because of that, its authorized capital was raised to ₱1 billion from the previous ₱100 billion. On May 6, 1992, the Bangko Sentral ng Pilipinas granted PVB the authority to operate as a private commercial bank, giving up all government control of the bank, and a month later, on June 3, was symbolically re-opened by President Fidel V. Ramos ...
Although listed in an index, companies are listed on the PSE under the First Board, Second Board or the Small and Medium Enterprises Board based on market capitalization. As of March 28, 2022, [update] the Philippine Stock Exchange has 281 listed companies with a total market capitalization of Php18.25 trillion.
Philtrust Bank was established in 1916 as the first bank to engage in trust business, still non-existent in the early 1900s despite the increasing demand for estate administration and guardianship services. The bank started with just one million authorized capital stocks, half of which was paid up.
D.M. Consunji Inc. is a wholly owned subsidiary engaged in general construction services – the company’s core business. The subsidiary was founded in 1954. In late 1992, it received an award from the Construction Industry Authority of the Philippines for outstanding constructor in the building category from 1986–1992. [9]