East West Bank (Philippines)
 |
|
| Type | Private |
|---|---|
| Industry | Banking and Finance |
| Founded | Manila, Philippines (1994) |
| Headquarters | Makati, Philippines |
| Key people | Andrew Gotianun, Founder/Chairman Emeritus Jonathan T. Gotianun, Chairman Antonio C. Moncupa, Jr., President and CEO |
| Products | Financial Services |
| Employees | 2,300 |
| Website | www.eastwestbanker.com |
EastWest Bank, more formally known as East West Banking Corporation, is a medium-sized commercial bank in the Philippines and the first commercial bank to be licensed in twenty years. Its headquarters is at the 20th floor of PBCom Tower with extension offices at San Miguel Properties building (credit card operations), Hanston Building (customer care), Salustiana Ty Tower and Pasong Tamo Extension (formerly the country head office of Levi's Philippines). The Bank is expected to consolidate all units into the podium floors of the Beaufort, the flagship luxury condominium project of Filinvest Development Corporation at the Bonifacio Global City, slated to open in 2012.
Contents |
[edit] History
EastWest Bank was created on July 6, 1994 as the Philippines' thirty-fourth commercial bank. It was on that date that the Bangko Sentral ng Pilipinas granted EastWest Bank its commercial banking license. Backed-up by the Filinvest Group of Companies, EastWest Bank opened to the public along Senator Gil Puyat Avenue, Makati on August 1, 1994.
EastWest Bank has developed its online banking facilities and has embarked on a full computerization program for a more efficient system to deliver bank products and services. It moved to its present headquarters at the 20th floor of PBCom Tower in November 2001.
In 2004, the Bank received the prestigious Best Website Award in the Banking and Finance category of the 7th Philippine Web Awards, the most coveted award in the field of web design.
EastWest Bank has a network of 129 branches and 145 ATM terminals, this after the merger with the former AIG Philam Savings Bank. The merger resulted in EastWest Bank becoming the sixth largest lender for housing, auto and credit cards in the country.
[edit] Subsidiaries and affiliates
EastWest Bank is a subsidiary of the Filinvest Development Corporation, a publicly listed company founded by Andrew Gotianun, Sr. in 1955. The Filinvest Group is composed of companies engaged in diverse businesses. It operates its real estate business primarily through its majority-owned subsidiaries, Filinvest Alabang, Inc. and Filinvest Land, Inc.
EastWest Bank joined BancNet in 1994 as an Associate member, with full use of the network's facilities and services but without voting rights. In late 2008, EastWest Bank acquired a shareholding in the network, affording the Bank a Board seat as a full member bank.
[edit] Competition
East West Bank competes with other commercial banks, such as Citibank, Standard Chartered Bank and Export and Industry Bank.
[edit] See also
|
|||||||||||
