BANKS
IN THE
PHILIPPINES
Presented by Group 2
OBJECTIVES:
At the end of the presentation:
The students will;
1. Identify the Banks in the Philippines
that are Registered in Bangko Sentral
ng Pilipinas.
2.Know the Classification of Banks.
3.Requirements for Establishing bank.
OVERVIEW
• Banks in the Philippines
• Classification of Banks
• Requirements for
establishing banks.
BANK
A bank is a financial institution that
holds and manages money. Primarily,
banks accept deposits from individuals
and businesses, providing a safe place
to store those funds. They then lend
out a portion of those deposits to
borrowers, earning interest on those
loans. Banks also facilitate financial
transactions, such as money transfers
and payments, and offer various
financial services.
THE CENTAL
BANK OF THE
PHILIPPINES
The Bangko Sentral ng Pilipinas
(BSP) is the central bank of the
Philippines. It's the country's main
bank. The BSP's job is to keep
prices stable and make sure the
financial system is strong.
This means they control the money supply, watch over
banks, and issue the Philippine currency. They work to help
the Philippine economy grow in a healthy way.
6 BANKS
CLASSIFICATION
1.Universal Banks
2.Commercial Banks
3.Thrift Banks
4.Rural Banks
5.Cooperative
6.Islamic Banks
7.Digital Banks
UNIVERSAL COMMERCIAL
BANKS BANKS
A universal bank engages in a wide
array of banking activities, A commercial bank is a financial
institution that accepts deposits from
functioning as both a commercial the general public and provides loans
and investment bank. These banks for consumption and investment
may also offer additional financial purposes to generate profit . These
services such as insurance.
Universal banks aim to provide
THRIFT BANKS banks offer services to individuals and
businesses, including checking and
savings accounts, loans, and other
comprehensive financial solutions A thrift bank is a financial institution financial products. Commercial banks
to their customers, serving as full- that specializes in offering savings play a crucial role in the economy by
service financial firms. accounts and originating home creating capital, credit, and liquidity in
the market.
mortgages for consumers. Thrifts
provide many of the same services as
commercial banks, including checking
accounts, debit cards, and credit
cards. These institutions are primarily
focused on serving consumers rather
than businesses.
RURAL BANKS
A rural bank is a financial institution
that operates at the regional level,
often in rural areas. These banks
ISLAMIC
provide financial services to
farmers, fishermen, workers, and
communities away from urban
DIGITAL
BANKS
Islamic banks operate according
centers . Rural banks aim to support
the rural economy by offering BANKS
customized financial services to Digital banks are licensed financial
to the principles of Islamic law meet the specific needs of their institutions that offer banking
(Sharia), which prohibits interest customers. services entirely online. They
(riba). Instead of charging eliminate the need for physical
interest, these banks use branches, allowing customers to
methods such as profit and loss
sharing, equity participation, and COOPERATIVE access their accounts and conduct
transactions through websites or
other Sharia-compliant financing
tools. Islamic banks aim to
BANKS
A cooperative bank is a financial
mobile apps. Digital banks provide a
complete set of financial services
through technology, offering
conduct banking activities in line institution owned and controlled by its convenience and accessibility to
with the moral principles of members, who are also its customers. their customers.
Islam. These banks operate on a cooperative
basis, uniting to meet the financial
needs of their communities by pooling
resources. Cooperative banks focus on
providing financing to their members
and may offer services to non-
members as well.
"Banks operating in the
Philippines, regulated by
the Bangko Sentral ng
Pilipinas and classified
according to their
authorized activities."
BANKS AND THEIR
CLASSIFICATIONS
Univeral Banks Commercial Banks Thrift Banks
•BDO Unibank, Inc. •Bank of Commerce •Philippine Savings Bank
•Metropolitan Bank and Trust •BDO Private Bank
Company (Metrobank) (PSBank)
(subsidiary of BDO Unibank)
•Bank of the Philippine Islands •Bank of Makati
•Philippine Bank of
(BPI) •BPI Direct BanKo, Inc
•Land Bank of the Philippines
Communications (PBCom)
•Robinsons Bank
•Card SME Bank, Inc
•Philippine National Bank (PNB)
Corporation •City Savings Bank
BANKS AND THEIR
CLASSIFICATIONS
Rural Banks Cooperative Banks Islamic Bank
•Cooperarive Bank of Bohol •Al-Amanah Islamic Investment Bank
•Agrbusiness Rural Bank, Inc •Cooperatove Bank of of the Philippines
•Aliaga Farmers Rural Bank, Inc
•Aurora Bank
Cotabato Digital Banks
•Cooperative Bank of Nueva •Go Tyme Bank
•ASPAC Rural Bank, Inc Vizcaya •Maya Bank
•Cooperative Bank of Quezon •Overseas Filipino Bank (OF
Province Bank)
•Consolidated Cooperative •Union Digital Bank
•UNO Bank, Inc
Bank
REQUIREMENTS FOR
ESTABLISHING A BANK
To establish a bank in the Philippines, you must:
•Determine the Bank Type: Decide whether to establish a universal,
commercial, thrift, rural, cooperative, Islamic, or digital bank.
•Ensure Minimum Capital: Secure the required minimum capital, which
varies based on the bank type and location.
•Prepare Documentation: Gather necessary documents, including:
-Business plan
-List of incorporators and directors
-Proof of capital
-Organizational structure
•Submit Application: Apply to the Bangko Sentral ng Pilipinas (BSP) with
all required documents.
•Undergo Evaluation: The BSP will assess the suitability of shareholders,
financial strength, legal structure, and management expertise.
•Obtain Approval: Upon meeting all requirements and passing
evaluations, receive authorization from the BSP to operate the bank.
SUMMARY:
•Banks are financial institutions that safeguard deposits and generate
revenue by lending a portion of those funds. They also provide essential
financial services, including money transfers and payment processing.
•The Bangko Sentral ng Pilipinas (BSP) is the main bank of the
Philippines. It keeps prices stable and makes sure banks are strong.
The BSP controls the money, watches banks, and helps the economy
grow.
•There are 7 Bank Classifications [Universal, Commercial, Thrift,Rural,
Cooperative, Islamic, Digital].
•Universal and Commercial Banks:
These are the largest banks, authorized to perform a wide range of
banking activities.
•Thrift Banks:
These banks focus on savings and providing loans to specific sectors.
•Rural and Cooperative Banks:
These cater to the banking needs of rural communities.
•Digital Banks:
These banks operate primarily through online platforms.
END,THANKYOU !!
"The safest way to double your
money is to fold it over and put
it in your pocket." - Kin
Hubbard
