Philippines From Wikipedia, the free encyclopedia 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 at 31 March 2011, there are 19 universal banks, 19 commercial banks, 73 thrift banks, 595 rural banks, 40 credit unions and 15 non-banks with quasi-banking functions, all licensed with the Bangko Sentral ng Pilipinas(Central Bank of the Philippines) under Republic Act No. 791, also known as the General Banking Act of 2000, share roughly the same powers. ————————————————- ————————————————- Powers of a universal bank A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment house as provided in existing laws and the power to invest in non-allied enterprises. List of local universal banks Government-owned * Al-Amanah Islamic Investment Bank of the Philippines * Development Bank of the Philippines Land Bank of the Philippines [edit]Private-owned 1. Banco de Oro Universal Bank 2. Metropolitan Bank and Trust Company 3. Bank of the Philippine Islands 4. Philippine National Bank 5. Rizal commercial banking Corporation 6. UnionBank of the Philippines 7. China Banking Corporation 8. Citibank 9. East West Bank 10. Philippine Savings Bank 11. Philtrust Bank (Philippine Trust Company) 12. Security Bank 13. United Coconut Planters Bank 14. Allied Bank Corporation ————————————————- [edit]Powers of a commercial bank
The Essay on Bank of America Mobile Banking
Brown, who was responsible for the development and launch of mobile banking, reported on the current status, "In less than three years we have four million mobile banking customers. Brown was hesitant to make the bank's mobile app complex by adding more features. The added complexity could slow down the app and negatively affect user experience. He explained, "App comple xity has led to some high- ...
In addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue letters of credit; discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; accept or create demand deposits; receive other types of deposits and deposit substitutes; buy and sell foreign exchange and gold or silver bullion; acquire marketable bonds and other debt securities; and extend credit. [edit]List of local commercial banks * Asia United Bank * Bank of Commerce * BDO Private Bank (subsidiary of Banco de Oro) * Philippine Bank of Communications Philippine Veterans Bank * Robinsons Bank Corporation [edit]List of foreign banks with commercial banking operations [edit]Branches * Australia and New Zealand Banking Group * Bangkok Bank * Bank of America, N. A. * Bank of China * Chinatrust Commercial Bank * Citibank, N. A. * Deutsche Bank AG * Hongkong and Shanghai Banking Corporation * ING Group * JPMorgan Chase * Korea Exchange Bank * Mega International Commercial Bank * Mizuho Corporate Bank * Standard Chartered Bank * The Bank of Tokyo-Mitsubishi UFJ, Ltd. ————————————————- [edit]Thrift banks [edit]Powers of a thrift bank
A thrift bank has the power to accept savings and time deposits, act as a correspondent with other financial institutions and as a collection agent for government entities, issue mortgages, engage in real estate transactions and extend credit. In addition, thrift banks may also maintain checking accounts, act as a depository for government entities and local government units and engage in quasi-banking and money market operations subject to the approval of the Bangko Sentral. As per the banker Amit Malhotra, the performance of thrift banks are underrated. [edit]List of local thrift banks [edit]Government-owned * Philippine Postal Savings Bank edit]Privately owned * Accord Savings Bank * Allied Savings Bank (subsidiary of Allied Bank) * Anchor Savings Bank * Area Development Bank * Asiatrust Development Bank * Bank of Calape * Bank of Cebu * BankOne Savings and Trust Corporation * Bankwise * Bataan Development Bank * Bataan Savings and Loan Bank * BPI Direct Savings Bank (subsidiary of Bank of the Philippine Islands) * BPI Family Savings Bank (subsidiary of Bank of the Philippine Islands) * Business and Consumers Bank * Century Savings Bank * Chinabank Savings (formerly Manila Bank; subsidiary of Chinabank) * City Savings Bank * Citystate Savings Bank Cordillera Savings and Loan Bank * Dumaguete City Development Bank * Dungganon Bank * EIB Savings Bank (subsidiary of Export and Industry Bank) * Equicom Savings Bank * Express Savings Bank * Farmers Savings and Loan Bank * First Consolidated Bank * GSIS Family Bank (subsidiary of the Government Service Insurance System) * Hiyas Bank * Iloilo City Development Bank * Inter-Asia Development Bank * ISLA Bank * Kauswagan Bank * Legazpi Savings Bank, Inc. * Lemery Savings and Loan Bank * Liberty Savings and Loan Association * Life Savings Bank * Luzon Development Bank * Malasiqui Progressive Savings and Loan Bank Malayan Bank * Metro Cebu Public Savings Bank * Micro Enterprise Bank * Microfinance Maximum Savings Bank, Inc. (MAXBANK) * Northpoint Development Bank * Opportunity Microfinance Bank * Optimum Development Bank * Pacific Ace Savings Bank * Palawan Development Bank * Pampanga Development Bank * Penafrancia Savings and Loan Association * Philam Savings Bank (subsidiary of Philam Life) * Philippine Business Bank * Philippine Savings Bank (Metrobank Group) * Planters Development Bank * Premiere Development Bank (to be acquired by Security Bank) * Progress Savings and Loan Association * Queen City Development Bank Quezon Coconut Producers Savings and Loan Bank * RCBC Savings Bank (subsidiary of Rizal Commercial Banking Corporation) * Robinsons Savings Bank (subsidiary of JG Summit Holdings) * Sampaguita Savings and Loan Association * San Pablo City Development Bank * Sandigan Savings Bank * Silangan Savings and Loan Bank * Sterling Bank of Asia * The Real Bank * Tower Development Bank * UCPB Savings Bank (subsidiary of United Coconut Planters Bank) * University Savings and Loan Bank * Village Savings and Loan Association * Vizcaya Savings and Loan Association * Wealth Development Bank * Winbank * World Partners Bank edit]List of foreign banks with thrift banking operations * Citibank (through Citibank Savings) * HSBC (through HSBC Savings Bank) * United Overseas Bank ————————————————- [edit]Cooperative and rural banks Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services. Rural and cooperative banks help farmers through the stages of production, from buying seedlings to marketing of their produce.
The Essay on World Bank Pakistan Water Loans
Like all developing countries, Pakistan requires cash and resources to develop. The UN, the World Bank and the IMF, has had a major role in the structuring of Pakistan's economy. 30% of the World Banks lending to Pakistan since 1985 has been used for agriculture and for irrigation. The largest portion of this aid has been given to the Agricultural Development Bank of Pakistan, which provides loans ...
