Bank of Commerce is one of the country’s progressive financial institutions. Its success is due in part to its shareholder strength. Their continued trust and support has made it possible for the bank to engage in expansion activities as well as meet the prescribed capital requirement of the Bangko Sentral ng Pilipinas (BSP) for commercial banks.
It also recognizes the diversified backgrounds and needs of its clientele, hence, its products are designed to suit individual needs. These needs could range from both the material to the personal: capital to set-up/improve a business or savings for a future need. Prudence is continuously exercised in every transaction, as this is a major factor in the management of personal or corporate resources.
The Development Bank of the Philippines (Filipino: Bangko sa Pagpapaunlad ng Pilipinas), commonly known by its initials, DBP, is a state-owned development bank in Makati City, Philippines.
It is the seventh-largest bank in the Philippines in terms of assets, and is the second-largest government-owned bank, next only to Landbank. It is also one of the largest government-owned and/or controlled corporations (GOCCs) in the Philippines.
Land Bank of the Philippines (Filipino: Bangko sa Lupa ng Pilipinas), also known as Landbank or by its initials, LBP, is a bank in the Philippines owned by the Philippine government 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.
Landbank is the fourth largest bank in the Philippines in terms of assets and is the largest government-owned bank. It is also one of the biggest government-owned and/or controlled corporations in the Philippines.
The Philippine National Bank (PNB, Filipino: Bangko Nasyonal ng Pilipinas) (PSE: PNB) is one of the largest banks in the Philippines, ranking fourth in terms of assets. It was established by the Philippine government on July 22, 1916, during the American colonial period, and became the first universal bank in the Philippines in 1980. It was privatized in 1989. PNB currently has over 100 branches throughout Asia, Europe, the Middle East and North America.
The Rizal Commercial Banking Corporation (RCBC, PSE: RCB) was established in 1960 as a development bank and is lisenced by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is the Philippines’ fifth-largest bank by assets, with total consolidated assets of about P185 billion (or US$3.6 billion) as of end-December 2005.
Banco De Oro Unibank Inc. (BDO), originally known as Acme Savings Bank, was acquired by the SM Group in 1976. The SM Group is one of the largest conglomerates in the Philippines, with substantial interests in financial services, real estate development, and tourism and entertainment, founded around its core business in commercial centers and retailing. BDO listed its shares on the Philippine Stock Exchange (PSE) on May 21, 2002.
Since it acquired full universal bank status in 1996, BDO has progressed through a period of growth and expansion by taking advantage of market opportunities and engaging in a series of mergers and acquisitions to complement organic growth. With the enhanced scale and depth, the company is able to further optimize its branch network and reach a wider market through constant product innovation and customer service excellence.
The Bank of the Philippine Islands or BPI is the oldest bank in the Philippines still in operation and is the country’s largest bank and company in terms of assets (US$ 15.29 billion). It is owned by the Ayala Corporation – the largest conglomerate in the Philippines, and is based in Makati City’s Central Business District, on the corner of Ayala Avenue and Paseo de Roxas, across from the Philippine headquarters of HSBC.
The Metropolitan Bank and Trust Company, commonly known as Metrobank. It has a diverse offering of financial services, from regular banking to insurance.
Philippine Savings Bank (PSBank) is engaged in the general business of savings and mortgage banking. The Company is a subsidiary of Metrobank. During the year ended December 31, 2006, it maintained its existing branches and additional five automated teller machines (ATMs) were procured, bringing the total ATMs to 152 nationwide. It has three business segments: Consumer Banking, Corporate Banking and Treasury. Consumer Banking handles individual customers’ deposits and provides consumer type loans and other products and services. Corporate Banking handles loans and other credit facilities and deposit accounts for corporate and institutional customers. Treasury is involved in providing money market, trading and treasury services, as well as the management of the bank’s funding operations by use of treasury bills, government securities and placements and acceptances with other banks, through treasury.
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