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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 of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
Lending Company Regulation Act (LCRA) of 2007 (RA No. 9474) Financing Company Act (FCA) (RA No. 8556), as amended; Investment Company Act (RA No. 2629), as amended, and its Implementing Rules and Regulations (IRR) Investment Houses Law (PD No. 129) Civil Code of the Philippines (RA No. 386, Title IX - Partnership)
Philippine Trust Company (Philtrust Bank) 180,468.08: 17 ... Al-Amanah Islamic Investment Bank of the Philippines: 956.80: Thrift banks. 2022. Rank Bank name
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
In 1989, the bank was re-chartered and re-capitalized pursuant to Republic Act No. 6848, and was subsequently renamed the Al-Amanah Islamic Investment Bank of the Philippines, with a capital of one billion pesos. Between 1990 and 2007, the bank was under the supervision of the Bureau of the Treasury. [4]
A Savings Bank (operating as BPI BanKo) is a wholly owned subsidiary of BPI established through the merging of BPI Direct Savings Bank (the first internet-based bank in the country), allowing expatriate Filipinos and overseas workers in countries like Bahrain or Hong Kong to access and manage their bank accounts at any time) and the BPI Globe ...
Philippine Savings Bank: Financials Banks Makati: 1959 Savings bank, part of Metrobank: P A Philippine Telegraph and Telephone Corporation: Telecommunications Fixed line telecommunications Makati: 1962 Broadband, information technology P A Philippine Veterans Bank: Financials Banks Makati: 1963 Commercial bank P A Philtrust Bank: Financials ...
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises. [4] It has 146 branches including 14 branch lite units. [5]