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Bangko Sentral NG Pilipinas Non-Bank Financial Institutions

The document summarizes the structure of the Philippine financial system. It is comprised of banking institutions such as universal banks, commercial banks, thrift banks, rural banks, cooperative banks, Islamic banks, and microfinance banks. It also includes non-bank financial institutions that perform quasi-banking functions like investment houses, financing companies, securities dealers, investment companies, fund managers, pawnshops, government non-bank financial institutions, venture capital corporations, and insurance companies. The document provides details on the classification and functions of universal banks and commercial banks within the banking system.

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164 views2 pages

Bangko Sentral NG Pilipinas Non-Bank Financial Institutions

The document summarizes the structure of the Philippine financial system. It is comprised of banking institutions such as universal banks, commercial banks, thrift banks, rural banks, cooperative banks, Islamic banks, and microfinance banks. It also includes non-bank financial institutions that perform quasi-banking functions like investment houses, financing companies, securities dealers, investment companies, fund managers, pawnshops, government non-bank financial institutions, venture capital corporations, and insurance companies. The document provides details on the classification and functions of universal banks and commercial banks within the banking system.

Uploaded by

Plo Anne
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PHILIPPINE FINANCIAL SYSTEM

Bangko Sentral ng Pilipinas Non-Bank Financial Institutions

Banking Institutions Non-Bank Financial Institutions Lending Investors


(w/Quasi Banking Functions) Pawnshops
Government NBFIs
Universal Banks Investment Houses Venture Capital Corporations
Commercial Banks Financing Companies Insurance Companies
Thrift Banks Securities Dealers
Rural Banks Investment Companies
Cooperative Banks Fund Managers
Islamic Banks
Microfinance Banks
PHILIPPINE BANKING SYSTEM
STRUCTURE
Banking institutions are classified according to function, size, and the
scope of services being offered.
Universal Banks – are banks vested with the authority to exercise, in
addition to the powers authorized for a commercial bank.
- the powers of an investment house.
- the power to invest in the equities of allied and non-allied
enterprises as may be determined by the BSP.
- P4.95billion is the minimum capitalization for UB.
Commercial Banks – are banking entities which, in addition to the
general powers incident to corporations, are authorized to carry on the
business of commercial banking, namely:
(1)accepting drafts and issuing letters
Thrift Banks
Types of thrift banks:
a. Saving Banks
b. Private Development Banks
c. Stock Savings and Loan Association
Rural Banks
Cooperative Banks
Islamic Banks
Microfinance Banks

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