Profile of selected banks in the Philippines

Introduction to some banks in the Philippines

1. Bank of China Bank of China

Address: G/F The Finance Center 26th Street, corner 9th Ave, Taguig, Metro Manila

Business hours: 9:00 am -4:00pm

Bank of China officially became the designated clearing bank for RMB business in the Philippines on January 26, 2020, and Bank of China Manila Branch can handle account settlement and other RMB core services such as remittance, foreign exchange, liquidity support and banknotes for local participating banks.

BDO Bank-Gold Bank of the Philippines

BDO is the largest bank in the Philippines and a member of SM Group, one of the largest consortia, providing a variety of financial products and services, including deposit loans, foreign exchange trusts and credit cards and cash management.

Features: The number of branches and ATM machines in the Philippines is the largest, and the withdrawal period is about one week, but the daily withdrawal limit of ATM machines is only 25000P and the single limit is 10000P.

3. Metro Bank-Philippine Capital Bank

Philippine Capital Bank is the first Philippine bank to open a private bank in the United States. Its products and services cover the world, with 950 local branches and 32 foreign branches and representative offices.

Features: fast account opening, fast bank card examination, now take, high service quality.

4. PNB Bank-Philippine National Bank

The Philippine National Bank is considered to be one of the largest private universal banks in the Philippines, offering a full range of banking and financial products.

Features: Cooperate with most Philippine government agencies, local government units and government holding companies.

5. Security Bank-Bank of the Philippines

Founded in 1951 and listed on the Philippine Stock Exchange in 1995, the Philippine Security Bank is currently one of the most stable banks in the Philippines.

Features: The security is very high, the types of account opening are diverse, but the card examination is more troublesome.

6. Union Bank-Union Bank of the Philippines

Union Bank of the Philippines is the first bank in the Philippines to launch online banking and online savings accounts, and is the first bank to open e-checking business in the Philippines.

Features: online transactions and access channels, cross-border business convenient.

7. China Bank-ZTE Bank

The Bank of China Corporation, the first privately owned local commercial bank in the Philippines, was named one of the best governance companies in the Philippines by the Philippine Stock Exchange in 2012. It is precisely because Chinabank's English name was registered by this bank that the Bank of China named it "Bank of China".

Features: Support for some Chinese services

8. Citibank Citibank

Citibank of the Philippines (Citibank Philippines) is a subsidiary of Citibank in the Philippines, in July 1902 officially launched operations in the Philippines.

Features: Suitable for business people and high threshold for opening an account.

9. Asia United Bank-United Bank of Asia

Asia United Bank Corporation (AUB), Asia United Bank, is one of the few banks to obtain a full commercial banking license in 1997 and operate today. In 2013, AUB joined the Philippine Banking Alliance, which has been publicly listed and has achieved universal bank status.

10. Philippine Bank of Communications PBCOM

Bank of Communications of the Philippines (PBCOM) was established in 1939. It is the oldest bank in the Philippines and one of the largest commercial banks. At the beginning of its establishment, it was the branch of Bank of Communications of China in the Philippines. As the earliest non-US foreign bank in the Philippines, Bank of Communications of the Philippines mainly operates various financial businesses.

11 philippine bank

Security Bank is called Principal Bank and supports local e-commerce. Lazada spoope and others are bound. At the same time, they undertake enterprises to open accounts and withhold wages. They were recognized as the best high net worth (HNW) customers in the Philippines at the Asian Monetary Asia Private Banking Award (Asiamoney Asia Private BankingAwards) in 2021. Principal Bank's wealth management business has taken full advantage of the bank's core business in the process of expanding its customer base and asset size under management. These include the bank's branch networking coverage and products from the Treasury, trust and asset management groups, stock brokerage through SB Equities and investment banking services through SB Capital.