The Equitable Banking Corporation is the first commercial bank licensed by Central Bank of the Philippines and in 1955 the bank opened its first metro manila branch located at divisoria. On 1973 the bank established its first foreign branch in hongkong and also the first filipino bank in the crown colony‚ after a year Equitable Bank Foundation engaging in non-profit‚ social‚ cultural and charitable activities. During 1977 Central Bank of the Philippines granted EBC its foreign currency deposit
Premium Bank Credit card
Investment banks do not engage in retail banking DIFFERENCES WITH COMMERCIAL BANKING DIFFERENCES WITH COMMERCIAL BANKING DEPOSITS LOANS DIFFERENCES WITH COMMERCIAL BANKING 1933 Glass-Steagall Act In the US‚ Investment and Commercial banking activities were separated - I.B.’s were no longer allowed to receive customer deposits and offer retail banking services. - Comm. Banks no longer allowed to underwrite securities. Glass-Steagall Act repealed in 1999. Today Today‚ large US banks (e.g.‚ Bank of
Premium Bank Finance
IDBI BANK LIMITED Unaudited Financial Results for the quarter/ half year ended September 30‚ 2013 ( ₹ in Lacs) Sr. No. Particulars Quarter Ended September June 30‚ 30‚ 2013 2013 (Reviewed) 1 (a) (b) (c) (d) 2 3 4 5 (i) (ii) 6 7 8 9 10 11 12 13 14 15 16 17 (i) (ii) (iii) (iv) (a) (b) (c) (d) (v) 18 19 (a) (b) Interest earned (a)+(b)+(c)+(d) Interest/discount on advances/bills Income on investments Interest on balances with Reserve Bank
Premium Bank 1967 1943
| Daiwa Bank | A Case Study | | Background and History Daiwa Bank‚ or Osaka Nomura Bank as it was first called‚ was founded in 1918 in Osaka‚ Japan by Tokushichi Nomura. It was created mainly to take advantage of the new capital Japan had amassed from foreign commercial ventures and domestic industrialization. Its securities division experienced huge growth in volume and profits that it almost functioned as different entity. Japanese industry spectacularly grew in the 1930s‚ but after
Premium Bond Bank Security
punctuation worksheets from last time) INTRODUCTIONS An introduction serves as a contract between a writer and his or her readers. In the introduction‚ a writer makes specific commitments that must then be fulfilled. The most important of these is the thesis statement‚ which commits the writer to a specific focus. In effect‚ it provides the reader with an accurate expectation of what the writer plans to do-the main idea that the writer plans to develop. In general‚ a good introduction accomplishes three
Premium Sentence Statement Thesis or dissertation
A thesis statement is a strong statement that you can prove with evidence. It is not a simple statement of fact. A thesis statement should be the product of your own critical thinking after you have done some research. Your thesis statement will be the main idea of your entire project. It can also be thought of as the angle or point of view from which you present your material. When do I write it? You will develop a thesis statement about your research topic after you have written a Statement
Premium Rhetoric Writing Doctor of Philosophy
Commerce Lab - Practical Question Bank FACULTY OF COMMERCE‚ OSMANIA UNIVERSITY ------------------------------------------------------------------------------------------------------------ B.Com (General‚ Computers & Comp. Applns‚ Tax Procedures & Practices) II Year W.E.F.2009-10 FINANCIAL SERVICES: BANKING AND INSURANCE Time: 60 Minutes Record : 10 Skill Test : 20 Total
Premium Bank Cheque
Commercial banks Types of advances: Advances by commercial banks are made in different forms such as demand loan‚ term loan‚ cash credit‚ overdraft etc. These forms of advances are explained below. 1. Demand Loan:-In a demand loan account‚ the entire amount is paid to the debtor at one time‚ either in cash or by transfer to his savings bank or current account. No subsequent debit is ordinarily allowed except by way of interest‚ incidental charges‚ insurance premiums‚ expenses incurred for the
Premium Bank Debt Overdraft
Bank have the following characteristics which distinguish them from most other commercial enterprises: 1. Security: They have custody of large volumes of monetary items‚ including cash and negotiable instruments‚ whose physical security has to be ensured. This applies to both the storage and the transfer of monetary item and makes banks vulnerable to misappropriation and fraud. They‚ therefore‚ need to establish formal operating procedures‚ well-define limits for individual discretion and rigorous
Premium Bank Internal control Audit
investopedia.com/definiton-of-finacial-literacy) The United States of America is the biggest economy in the world. It has created dollar as a planetary currency this position gives it leverage to stir other economies in the world. In late nineties‚ the U.S. banks and financial instruments of the government became depositories of the surpluses accrued from petroleum producing countries. (www.oikumene.org) Although United States led the way‚ the emerge of the shadow banking system‚ the proliferation of Collateralized
Premium Collateralized debt obligation Financial services Investment