|Type||Public (PSE: PTC)|
|Industry||Finance and Insurance|
|Founded||Manila, Philippines (1916)|
|Key people||Emilio T. Yap, Chairman Emeritus
Jaime C. Laya, Chairman
Antonio H. Ozaeta, President
|Net income||PHP764.6 million (9%) (2006) |
Philtrust Bank (PSE: PTC), formally known as the Philippine Trust Company is one of the oldest private commercial banks in the Philippines. Founded on October 16, 1916, its history parallels the growth of the Philippine banking system. It is the third bank to be established in the Philippines, after Bank of the Philippine Islands and Philippine National Bank.
Its principal activities remain in commercial and investment banking services. Philtrust offers domestic, international and trust services. Its domestic services offered are: savings, checking and time deposits, money market placements, business loans, remittances, fund transfer, safety deposit services and securities investments. International transactions include: traveler's cheque, foreign exchange, Foreign Currency Deposit Unit transactions, commercial letters of credit, international remittances and collections. They also provide investment management, estate administration, escrow services, administration of savings, insurance and pension plans, stock registry and transfer services.
- Philtrust Realty Corporation: 26.90%
- Seabreeze Enterprises: 19.47%
- U.S. Automotive: 19.38%
- Orient Enterprises: 18.48%
- Others (includes public stock): 15.77%