Business

A joint venture between the highly reputable Jacinto Ng, Sr. Group of Companies and two of the biggest financial conglomerates in Taiwan; namely, China Development Industrial Bank, formerly China Development Corporation and China United Trust and Investment Corporation.

Based in the Philippines, ADFIAP is now the largest and most prestigious aggrupation of development financing institutions in Asia and the Pacific. It counts among its 78 members, the Asian Development Bank and the World Bank.

Objectives, functions, calendar of economic releases, and a list of answers to FAQs about the peso's depreciation.

The first bank in Southeast Asia to process deposit accounts on-line in 1969, and the first Philippine bank to offer phone banking in 1988. It acquired its universal banking license in 1991.

The largest foreign bank in the Philippines in terms of customer, assets, revenues, employees, and number of domestic branches. With a staff of over 1,400 employees, 98% of which are local staff, it is the only foreign bank ranked among the top ten commercial banks in the country. It is also the largest issuer of credit cards (Mastercard and Visa).

Provides banking services for small and medium enterprises.

Philippine commercial bank has branches throughout the Philippines and overseas.

There are PNB Remittance Centers in many cities around the world which function mainly for Filipinos abroad to send money home.

RCBC's focus has been on providing integrated financial services and on further strengthening the bank's capital to maximize opportunities and remain resilient in times of difficulties. In terms of total resources in 1997, it ranks sixth among privately owned domestic commercial banks.

As of December 1997, SBC has an asset of Php 59 Billion and a capitalization of Php 6.8 Billion making the Bank rank 11 among the country's private domestic commercial banks in terms of resources.

The longest serving foreign bank whose business operations dates back over 125 years since 1872.

According to a Business World article last Nov. 24, 1999, the Bank ranked 3rd in profits among Philippine banks, next to BPI and Metrobank. The period covered by this study are the first nine months of 1999.

Established in 1963 as a commercial bank, UCPB grew to become the first private Philippine universal bank in 1981.