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In 2002, a total of 117.7 million Philippine pesos in rebates were distributed to about 195,000 accounts. The rebates were for salary loans and ranged from 500 to 2,000 Philippine pesos each. [9] In 2002, it had nonperforming bad loans of 1.4 billion Philippine pesos, but for 2003 this had increased to 4.18 billion Philippine pesos.
BPI Escolta Sta. Cruz branch at Plaza Santa Cruz, Manila which occupies the Don Roman Santos Building, former head office of Prudential Bank. The Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas; Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is a universal bank in the Philippines.
In 1981, Comtrust would merge with the Bank of the Philippine Islands (BPI) and consequentially BPI became the building's new tenant. The building would house the BPI Escolta branch. [3] On June 27, 2019, the building was recognized as an Important Cultural Property by the National Museum of the Philippines. [1]
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 a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc.
The Philippine Deposit Insurance Corporation (Filipino: Korporasyon ng Pilipinas sa Seguro ng Deposito, [1] abbreviated as PDIC) is a Philippine government-run deposit insurance fund. It was established on June 22, 1963, by Republic Act 3591. It guarantees deposits up to ₱500,000. [2]
As of December 31, 2018, Security Bank is the 6th largest in total assets among private domestic universal banks in the country, with total assets of ₱767 billion; 6th largest in loans, with loan portfolio of ₱416 billion, and 5th largest in capital, with capital of ₱109 billion. [11]
Philippine Business Bank (PBB, also known in Hokkien Chinese: 菲律賓商業銀行 / 菲商業銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Siong-gia̍p Gûn-hâng; & Mandarin simplified Chinese: 菲律宾商业银行 / 菲商业银行; traditional Chinese: 菲律賓商業銀行 / 菲商業銀行; pinyin: Fēilǜbīn Shāngyè Yínháng) [1] is a Filipino savings bank which focuses on corporate and ...