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BPI Escolta Sta. Cruz branch at Plaza Santa Cruz, Manila which occupies the Don Roman Santos Building, former head office of Prudential Bank. The Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas; Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is a universal bank in the Philippines.
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 ...
Shinhan Bank - Manila Branch: 9,494.70: 37 Industrial and Commercial Bank of China - Manila Branch: 8,793.79: 38 Hua Nan Commercial Bank Ltd - Manila Branch: 8,670.80: 39 Industrial Bank of Korea - Manila Branch: 7,946.65: 40 Cathay United Bank Co. Limited - Manila Branch: 6,961.75: 41 Chang Hwa Commercial Bank Limited - Manila Branch: 6,237.62: 42
In 1981, Comtrust would merge with the Bank of the Philippine Islands (BPI) and consequentially BPI became the building's new tenant. The building would house the BPI Escolta branch. [3] On June 27, 2019, the building was recognized as an Important Cultural Property by the National Museum of the Philippines. [1]
Metrobank's main competitors in the Retail banking business are SM-led BDO Unibank and Bank of the Philippine Islands (BPI) of the Ayala group. Other major competitors include state-owned Landbank , and LT Group -led PNB .
BPI continues to maintain a branch on the building's ground floor. [10] Previously, however, the building was the headquarters of the Monte de Piedad Savings Bank, the former banking institution of the Catholic Church in the Philippines, from 1894 to 1937, and also served as an American Red Cross -operated hospital from 1945 to 1947.
The Bank of Makati was established on September 22, 1956, as the "Rural Bank of Makati, Inc." along J.P. Rizal in the then-town of Makati, Rizal. In October 2001, the banking company underwent a change in ownership as well as some reforms. In November 2005, the name of the company was officially changed to "Bank of Makati (A Rural Bank), Inc.". [4]
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.