List of banks in the Philippines

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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 at 31 March 2011, there are 19 universal banks, 19 commercial banks, 73 thrift banks, 595 rural banks, 40 credit unions and 15 non-banks with quasi-banking functions, all licensed with the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under Republic Act No. 8791, also known as the General Banking Act of 2000, share roughly the same powers.

Contents

[edit] Powers of 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.

[edit] List of local universal banks

[edit] Government-owned

[edit] Privately owned

[edit] Powers of 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.

[edit] List of local commercial banks

[edit] List of foreign banks with commercial banking operations

[edit] Branches

[edit] Thrift banks

[edit] Powers of a thrift bank

A thrift bank has the power to accept savings and time deposits, act as a correspondent with other financial institutions and as a collection agent for government entities, issue mortgages, engage in real estate transactions and extend credit. In addition, thrift banks may also maintain checking accounts, act as a depository for government entities and local government units and engage in quasi-banking and money market operations subject to the approval of the Bangko Sentral. As per the banker Amit Malhotra, the performance of thrift banks are underrated.

[edit] List of local thrift banks

[edit] Government-owned
[edit] Privately owned

[edit] List of foreign banks with thrift banking operations

[edit] Cooperative and rural 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.

A rural bank has the power to provide adequate credit facilities to farmers and merchants or to cooperatives of such farmers and merchants and, in general, to the people of the rural communities of which the rural bank operates in.

[edit] List of cooperative banks

[edit] List of rural banks

[edit] Agusan del Norte

[edit] Agusan del Sur

[edit] Aklan

[edit] Albay

[edit] Bataan

[edit] Batangas

[edit] Bohol

[edit] Biliran

[edit] Benguet

[edit] Bulacan

Cagayan-Kalinga-Apayao

  • Providence Rural Bank, Inc.
  • Rural Bank of Gattaran, Inc.
  • Claveria Rural Bank, Inc.
  • Rural Bank of Tabuk, Inc.
  • Rural Bank of Luna(Apayao), Inc.
  • Coop Bank of Cagayan
  • Rural Bank of Sanchez Mira, Inc.


[edit] Camiguin

[edit] Capiz

[edit] Cavite

[edit] Cebu

[edit] Compostela Valley

  • First Tagum Rural Bank, Inc.
  • Money Mall Rural Bank
  • Rural Bank of Montevista(Davao), Inc
  • Rural Bank of Compostela(Davao), Inc
  • Rural Bank of Mawab

[edit] Davao del Norte

[edit] Davao del Sur

[edit] Davao Oriental

[edit] Ifugao

[edit] Ilocos Norte

[edit] Ilocos Sur

  • Cordillera Bank
  • Vigan Banco Rural Incorporada
  • Rural Bank of Tagudin, Inc
  • Rural Bank of Cabugao, Inc.
  • Rural Bank of Sta. Maria, Inc
  • Sadiri Rural Bank, Inc.
  • Rural Bank of Magsingal, Inc.
  • Ilocos Sur Cooperative Bank

[edit] Iloilo

[edit] Isabela

[edit] Laguna

[edit] Lanao del Norte

[edit] Lanao del Sur

[edit] La Union

[edit] Leyte

[edit] Southern Leyte

[edit] Maguindanao

[edit] Metro Manila

[edit] Misamis Occidental

[edit] Misamis Oriental

[edit] Mountain Province

[edit] Negros Occidental

[edit] Negros Oriental

[edit] Nueva Ecija

[edit] Nueva Vizcaya

[edit] Oriental Mindoro

[edit] Pampanga

[edit] Pangasinan

[edit] Quezon

[edit] Rizal

[edit] Romblon

[edit] Sarangani

Sarangani Rural Bank, Inc.

[edit] South Cotabato

[edit] Southern Leyte

[edit] Sultan Kudarat

[edit] Surigao del Sur

[edit] Surigao del norte

[edit] Tarlac

[edit] Zambales

[edit] Zamboanga del Norte

[edit] Zamboanga del Sur

[edit] Zamboanga Sibugay

[edit] Zamboanga City

[edit] Defunct or merged banks
Sovereign
states
States with limited
recognition
Dependencies and
other territories
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