Types of Banks

Venus A. Romero

Central Banks
United States of America
Federal Reserve Bank
Chairman Janet L. Yellen

Philippines
Central Bank of the Philippines (BSP)
Chairman Armando M. Tetangco, Jr.

Types of Banks in the

Philippines

UNIVERSAL & COMMERCIAL

BANKS
represent the largest single group, resourcewise, of financial institutions in the country.
They offer the widest variety of banking
services among financial institutions.

THRIFT BANKING SYSTEM

Thrift banking system is composed of savings and
mortgage banks, private development banks,
stock savings and loan associations and
microfinance thrift banks.
accumulates the savings of its depositors and
invests it. Most thrift banks are known to provide
short-term working capital, and medium- and
long-term financing to businesses engaged in
agriculture, services, industry, housing and allied
services, especially to small and medium
enterprises.

RURAL & COOPERATIVE

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.
Rural banks and cooperative banks are differentiated
from each other by ownership. While rural banks
are privately owned and managed, cooperative
banks are organized/owned by cooperatives or
federation of cooperatives.

Rural Bank
commonly found in far-flung areas that
cannot be reached by bigger banking
institutions. These privately-owned banks
provide basic financial services to the small
but growing economies in the countryside.
More often than not, the rural banks are the
ones helping farmers through the stages of
production--from providing loans for inputs
and irrigation to harvest.

Universal and Commercial

Bank

1. BDO Unibank
2. Metropolitan Bank and Trust Company
(Metrobank)
3. Bank of the Philippine Islands(BPI; oldest
bank in Southeast Asia)
4. Land Bank of the Philippines(Landbank;
LBP, main government bank)
5. Philippine National Bank(PNB)
6. Development Bank of the Philippines(DBP,
secondary government bank)
7. Security Bank
8. Chinabank
9. Rizal Commercial Banking
Corporation(RCBC)
10.Union Bank of the PhilippinesUnionbank)
11.Citibank
12.United Coconut Planters Bank(UCPB)
13.EastWest Unibank
14.The Hongkong and Shanghai Banking
Corporation(HSBC)
15.Philtrust Bank
16.Asia United Bank(AUB)
17.Bank of Commerce

18.Maybank Philippines, Inc.

19.Philippine Bank of
Communications(PBCom)
20.Standard Chartered Bank
21.The Bank of Tokyo-Mitsubishi UFJ, Ltd.
22.Philippine Veterans Bank(Veterans Bank;
PVB)
23.Robinsons Bank
24.Deutsche Bank
25.ANZ
26.JPMorgan Chase
27.Mizuho Bank, Ltd.Manila Branch
28.ING GroupN.V.
29.BDO Private Bank(subsidiary of BDO
Unibank)
30.CTBC Bank(Chinatrust)
31.Bank of ChinaManila Branch
32.Bank of America, N.A.
33.Mega International Commercial Bank
34.Korea Exchange Bank
35.Bangkok Bank
36.Al-Amanah Islamic Investment Bank of
the Philippines

Thrift banks
1. BPI Direct Savings Bank(a
subsidiary of BPI)
2. BPI Family Savings Bank (a
subsidiary of BPI)
3. BPI Globe BanKO (Joinn>t venture
between BPI,Globe Telecomand
theAyala Corporation
4. China Bank Savings(a subsidiary
of Chinabank)
5. CitySavings Bank (a subsidiary of
Unionbank)
6. Citystate Savings Bank
7. EastWest Rural Bank(a subsidiary
of East West Unibank)
8. Equicom Savings Bank(Equicom)
9. HSBC Savings Bank Philippines
Inc.
10.Malayan Savings Bank
11.Philippine Business Bank

10.Philippine Business Bank

11.Philippine Postal Savings
Bank(Postalbank; a savings bank
under PhilPost, a GOCC)
12.Philippine Savings Bank(a
subsidiary of Metrobank)
13.Philippine Veterans Bank(PVB;
Veterans Bank)
14.Planters Development
Bank(Plantersbank; a subsidiary
of Chinabank)
15.PNB Savings Bank (a subsidiary of
PNB)
16.Producers Savings Bank
Corportion
17.Queen City Development Bank
18.RCBC Savings Bank (a subsidiary
of RCBC)
19.Rizal Microbank (a subsidiary of
RCBC)
20.Sterling Bank of Asia
21.UCPB Savings

List of Cooperative Banks

Cooperative Bank of Benguet
Consolidated Cooperative Bank (CCB)
List of Coop Banks that merged to form CCB on February 2012
Cooperative Bank of Davao del Sur
Cooperative Bank of Misamis Occidental
Cooperative Bank of Surigao del Sur
Cooperative Bank of Misamis Oriental
Cooperative Bank of Tarlac
Network Consolidated Cooperative Bank (NCCB)
List of Coop Banks that merged to form NCCB on October 2013
Cooperative Bank of Agusan del Sur
Capiz Settlers Cooperative Bank
Cooperative Bank of Camarines Norte
Cooperative Bank of Leyte
Sorsogon Provincial Cooperative Bank
Southern Leyte Cooperative Bank