Philippine Financial Institutions

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FINANCIAL INSTITUTIONS

* Regarded as the suppliers of financial resources.
* Enormous capital structure compared to other institutions (Educational and Religious) * Funds that they supply to the different markets do not originate totally from them but some come from the public source. * Their vast activities interlinked with the activities of other business organizations. * They are part of different aspects of the use and need of Financial Resources.

INSTITUTIONS IN THE PHILIPPINE FINANCIAL SYSTEM
(As classified by The Bangko Sentral ng Pilipinas)

I. Bank Financial Institutions
II. Non-bank Financial Intermediaries
III. Non-bank Thrift Institutions

I. CLASSIFICATION OF BANK FINANCIAL INSTITUTIONS AND THEIR MINIMUM CAPITALIZATION as of January 1, 1995 (Privately owned Institutions)

1. Commercial Banks
* A "commercial bank" is what is commonly referred to as simply a "bank." The term "commercial" is used to distinguish it from an "investment bank," * Can supply almost one-half of the total financial resources in the Philippines.

a. Universal commercial bankP2.5 Billion
* A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank.[1]  * full-service financial firms, although there can also be full-service investment banks which provide asset management, trading, and underwriting. * Universal banking can not only manage personal accounts for customers but also underwrite corporate dealings, provide investment services, and act as a stockbroker.

b. Non-universal commercial bankP1.5 Billion

Examples of Universal and Commercial Banks
AL−AMANAH ISLAMIC INV BNK OF THE PHALLIED BANKING CORP
ANZ BANKING GROUP LTDASIA UNITED BANK CORPORATION
BANGKOK BANK PUBLIC CO LTDBANK OF AMERICA N.A.
BANK OF CHINA LIMITED−MANILA BRANCHBANK OF COMMERCE
BANK OF THE PHIL ISLANDSBDO PRIVATE BANK, INC.
BDO UNIBANK INCCHINA BANKING CORP
CHINATRUST(PHILS) CBCCITIBANK, N.A.
DEUTSCHE BANK AGDEVELOPMENT BANK OF THE PHIL
EAST WEST BANKING CORPHONGKONG & SHANGHAI BANKING CORP INTERNATIONALE NEDERLANDEN GROEP BKJP MORGAN CHASE BANK NATIONAL ASSN. KOREA EXCHANGE BANKLAND BANK OF THE PHILIPPINES
MAYBANK PHILIPPINES INCMEGA INT'L COMM'L BANK CO LTD
METROPOLITAN BANK & TCOMIZUHO CORPORATE BANK LTD−MANILA BR PHIL BANK OF COMMUNICATIONSPHIL NATIONAL BANK
PHIL TRUST COMPANYPHILIPPINE VETERANS BANK
RIZAL COMM'L BANKING CORPROBINSONS BANK CORPORATION
SECURITY BANK CORP STANDARD CHARTERED BANK
THE BNK OF TOKYO−MITSUBISHI UFJ LTDUNION BANK OF THE PHILS UNITED COCONUT PLANTERS BANK

2. Thrift Bank
* Is focus on basic banking services
* With an emphasis on individuals and small businesses.
* Offering of home mortgages along with savings accounts that carry a competitive rate of interest. * Today, it is common for a thrift bank to also offer checking accounts, car loans, and other personal finance support services. * Thought of as a community development financial institution that is concerned with providing the best financial services possible to individuals, as well as small businesses that operate in the area.

a. Savings and Mortgaged BanksP750 Million
b. Private Development Banks
c. Stock-savings and Loan Associations
* Within Metro-ManilaP20 Million
* Other placesP10 Million

Examples:
BDO ELITE SAVINGS BANK INCBPI FAMILY SAVINGS BANK INC
CHINA BANK SAVINGS INCCITIBANK SAVINGS INC
CITYSTATE SAVINGS BANK INCOPTIMUM DEVELOPMENT BANK INC
PHIL SAVINGS BANK PHILIPPINE BUSINESS BANK INC A SB
RCBC SAVINGS BANK INCSTERLING BANK OF ASIA INC (A SB)

3. Rural banksP0.5 Million

* Have a specific area of operation or province as determined by the BSP. * Homegrown and usually owned by people who were born and live in the area. * NOT allowed...
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