Banks in Philippines

Banks and Saving banks in Philippines

The Philipines' banking system comprehends several types of banks, and one can find universal banks (19), commercial banks (19), thrift banks (73), rural banks (595) credit unions (40) and non-banks which are almost banks if one checks its functions (15). Central Bank of Philipines gives license to all of them.


Commercial banks can accept savings and deposits, issue mortages, be an agent for government entities, and they can work with other finantial companies. They can also acquire market bonds, issue letters of credit or bills of exchange (Asia United Bank or Philipine Bank of Communications are two examples). Universal banks have the same duties and powers as commercial ones, but they can also invest in non-allied enterprises (Land Bank of the Philipines is one of them).


A thrift bank can do the same transactions as a commertial bank, but they are not allowed to acquire market bonds (Central Bank of Philipines have to approve it), for example, and they are depository bank for government and local government units. Rural and cooperative banks are located in rural communities and they promote and boost their economy. While rural banks are privately owned, cooperative banks are owned by cooperatives or a federation of them.

Showing 1 Banks in Philippines


News related with Philippines Banks

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at


Rice 'safely conserved' in Philippines gene bank - BBC News

... NewsRice 'safely conserved' in Philippines gene ba...


Philippines performs below regional average in World Bank's Human Capital Index - Philippine Star

... Capital IndexPhilippine StarMANILA, Philippines — The Philippines performed below the average for the East Asia and Pacific region in the inaugural World Bank Human Capital Index, which measures the amount of human capital that a child born today can expect to attain by age 18.Human Capital ProjectWorld Bank Groupall 205 news articles »...


Inflation Weakens Support for Government of Philippine Strongman Duterte - Wall Street Journal

... Weakens Support for Government of Philippine Strongman DuterteWall Street JournalInflation is becoming a global concern as central...


Moody's paints rosy long-term outlook for Philippine banks - Business Mirror

... paints rosy long-term outlook for Philippine banksBusiness MirrorTHE Philippine banking system is gearing up for robust growth in t...


Philippines Banks on BCW - O'Dwyer's PR News

... “international economic communications consultant” for the central bank of the Philippines, BCW will develop the PR framework with the objective of enhancing the perception of the country “as a competitive investment destination, raising the ......


PSBank looks to raise P8 billion via stock rights offer in Q1 2019 - BusinessWorld Online

... rights offer in Q1 2019BusinessWorld OnlineBy Karl Angelo N. Vidal, Reporter. PHILIPPINE SAVINGS Bank (PSBank) is set to raise approximately P8 billion through a stock rights offer (SRO) next quarter to support its growth. PSBank, the thrift lending arm of Metropolitan Bank & Tru...



Add a New Bank in Philippines

Bank's name:


Bank's Webpage (URL):


Select a Country: