This document summarizes the banking system in the Philippines. It outlines the different types of banks including universal banks, commercial banks, and thrift banks. It identifies that universal banks have the powers of commercial banks plus investment powers. It then lists the major government-owned and privately-owned universal banks, providing brief descriptions and background information on each one. In closing, it states that the Philippines has a comprehensive banking system with various bank types regulated by Bangko Sentral ng Pilipinas, the country's central bank.

1. BANKS
a. GovernmentOwned
b. Private-Owned

2. What is 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 ”
TYPES
a. GovernmentOwned
b. Private-Owned

3. Government-Owned Local Universal
Banks
Al-Amanah Islamic
Bank traces its
roots to the
Philippine Amanah
Bank, established
by President
Ferdinand Marcos.
Headquartered in
Zamboanga City,
Philippines .
Managed by Jaime
F. Panganiban,
Chairman and CEO

4. Government-Owned Local Universal
Banks
The Development Bank
of the Philippines (by
its initials, DBP, is a
state and owned
development bank.
It is the 7th-largest
bank in the Philippines
in terms of assets, and
is the second-largest
government-owned
bank, next only to
LandBank.

5. Government-Owned Local Universal
Banks
Landbank or by its
initials, LBP, is
owned by the
Philippine
government with a
special focus on
serving the needs of
farmers and
fisherman. Landbank
is the 4th largest
bank in the
Philippines in terms
of assets and is the
largest governmentowned bank.

6. Private-Owned Local Universal Banks
Allied Bank,
formally known as
Allied Banking
Corporation, is
one of the largest
banks in the
Philippines
ranking tenth in
terms of assets.
The business
tycoon, Lucio Tan,
is the Chairman .

7. Private-Owned Local Universal Banks
Banco de Oro Unibank, Inc.
It is now the largest bank
in the Philippines in
terms of assets, loans
and deposits. The bank
is the product of the
Banco de Oro-Equitable
PCI Bank merger after
the boards of both Banco
de Oro Universal Bank
and Equitable PCI Bank
agreed to merge on
December 27, 2006.

8. Private-Owned Local Universal Banks
Bank of the
Philippine Islands
Bank of the Philippine
Islands (BPI) is the
oldest bank in the
Philippines still in
operation and is the
country's third largest
bank in the country in
terms of assets, the
country's largest bank in
terms of market
capitalization, and the
country's most profitable
bank. It is owned by the
Ayala Corporation - the
largest conglomerate in
the Philippines

9. Private-Owned Local Universal Banks
China Banking
Corporation known
publicly as China
Bank is Philippines'
fourth largest
universal bank by
market
capitalization.
Established in
1920, it is the first
privately-owned
commercial bank in
the Philippines.

10. Private-Owned Local Universal Banks
Metropolitan Bank
and Trust Company
commonly known as
Metrobank. It has a
diverse offering of
financial services,
from regular banking
to insurance.
Metrobank is the second
largest bank in the
country.

11. Private-Owned Local Universal Banks
Philippine National
Bank (PNB) is one of
the largest banks in the
Philippines, ranking
fourth in terms of assets.
PNB became the first
universal bank in the
Philippines in 1980
It was privatized in
1989.

12. Private-Owned Local Universal Banks
Rizal Commercial Banking Corporation
Rizal Commercial
Banking Corporation
is managed by
Yuchengco Family. It
is the Philippines' fifthlargest bank by assets .
It is licensed to operate
for both commercial
and investment
banking.

13. Private-Owned Local Universal Banks
Security you can bank on
Security Bank, more
formally known as
Security Bank
Corporation, is one of
the largest commercial
banks in the
Philippines. It is one of
the twenty largest
banks in the Philippines
in terms of assets.

14. Private-Owned Local Universal Banks
Union Bank of the Philippines
UnionBank, is one of
the largest banks in the
Philippines, ranking
seventh in terms of
assets after its
successful merger with
smaller competitor
International Exchange
Bank. It is one of the
most stable Philippine
banks and is the host
bank of the E-Card
accounts of the
members of the GSIS.

15. Private-Owned Local Universal Banks
New
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Old
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The United Coconut
Planters Bank, more
popularly known by its
initials, UCPB, or by its
old name, Cocobank, is
one of the largest banks
in the Philippines,
ranking within the top
twenty banks in the
Philippines in terms of
assets. The bank, owing
to its name, caters
heavily to coconut
farmers, but also serves
a wide-ranging
clientele.

16. What is a Commercial
Bank?
“ 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”.
TYPES
a. Local
Commercial
b. Foreign

17. Local Commercial Banks

18. Foreign Commercial Banks

19. In Summary
The Philippines has a comprehensive banking
system encompassing various types of banks,
from large universal banks to small rural banks
and even non-banks.
At present, there are 17 universal banks, 23
commercial banks, 84 thrift banks, 711 rural
banks, 44 credit unions and 12 non-banks
with quasi-banking functions, all licensed
with the
Bangko Sentral ng Pilipinas.