Powers of a universal bank

A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment house as provided in existing laws and the power to invest in non-allied enterprises.

List of local universal banks

Government-owned

Al-Amanah Islamic Investment Bank of the Philippines Development Bank of the Philippines Land Bank of the Philippines Private-owned
1. 2. 3. 4. 5. 6. 7. 8. 9. Banco de Oro Universal Bank Metropolitan Bank and Trust Company Bank of the Philippine Islands Philippine National Bank Rizal Commercial Banking Corporation UnionBank of the Philippines China Banking Corporation Citibank East West Bank

10. Philippine Savings Bank 11. Philtrust Bank (Philippine Trust Company) 12. Security Bank 13. United Coconut Planters Bank 14. Allied Bank Corporation

Powers of a commercial bank

In addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue letters of credit; discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; accept or create demand deposits; receive other types of deposits and deposit substitutes; buy and sell foreign exchange and gold or silver bullion; acquire marketable bonds and other debt securities; and extend credit.

List of local commercial banks

Asia United Bank Bank of Commerce BDO Private Bank (subsidiary of Banco de Oro) Philippine Bank of Communications Philippine Veterans Bank Robinsons Bank Corporation

List of foreign banks with commercial banking operations

Branches

Australia and New Zealand Banking Group Bangkok Bank Bank of America, N.A. Bank of China Chinatrust Commercial Bank

Citibank, N.A. Deutsche Bank AG Hongkong and Shanghai Banking Corporation ING Group JPMorgan Chase Korea Exchange Bank Mega International Commercial Bank Mizuho Corporate Bank Standard Chartered Bank The Bank of Tokyo-Mitsubishi UFJ, Ltd.

[edit]Thrift

banks
of a thrift bank

[edit]Powers

A thrift bank has the power to accept savings and time deposits, act as a correspondent with other financial institutions and as a collection agent for government entities, issue mortgages, engage in real estate transactions and extend credit. In addition, thrift banks may also maintain checking accounts, act as a depository for government entities and local government units and engage in quasi-banking and money market operations subject to the approval of the Bangko Sentral. As per the banker Amit Malhotra, the performance of thrift banks are underrated. [edit]List of local thrift banks [edit]Government-owned

Philippine Postal Savings Bank

[edit]Privately owned

Accord Savings Bank Allied Savings Bank (subsidiary of Allied Bank) Anchor Savings Bank Area Development Bank Asiatrust Development Bank Bank of Calape Bank of Cebu BankOne Savings and Trust Corporation Bankwise Bataan Development Bank Bataan Savings and Loan Bank BPI Direct Savings Bank (subsidiary of Bank of the Philippine Islands) BPI Family Savings Bank (subsidiary of Bank of the Philippine Islands) Business and Consumers Bank Century Savings Bank Chinabank Savings (formerly Manila Bank; subsidiary of Chinabank) City Savings Bank Citystate Savings Bank Cordillera Savings and Loan Bank Dumaguete City Development Bank Dungganon Bank EIB Savings Bank (subsidiary of Export and Industry Bank) Equicom Savings Bank Express Savings Bank Farmers Savings and Loan Bank

First Consolidated Bank GSIS Family Bank (subsidiary of the Government Service Insurance System) Hiyas Bank Iloilo City Development Bank Inter-Asia Development Bank ISLA Bank Kauswagan Bank Legazpi Savings Bank, Inc. Lemery Savings and Loan Bank Liberty Savings and Loan Association Life Savings Bank Luzon Development Bank Malasiqui Progressive Savings and Loan Bank Malayan Bank Metro Cebu Public Savings Bank Micro Enterprise Bank Microfinance Maximum Savings Bank, Inc. (MAXBANK) Northpoint Development Bank Opportunity Microfinance Bank Optimum Development Bank Pacific Ace Savings Bank Palawan Development Bank Pampanga Development Bank Peafrancia Savings and Loan Association Philam Savings Bank (subsidiary of Philam Life) Philippine Business Bank Philippine Savings Bank (Metrobank Group) Planters Development Bank Premiere Development Bank (to be acquired by Security Bank) Progress Savings and Loan Association Queen City Development Bank Quezon Coconut Producers Savings and Loan Bank RCBC Savings Bank (subsidiary of Rizal Commercial Banking Corporation) Robinsons Savings Bank (subsidiary of JG Summit Holdings) Sampaguita Savings and Loan Association San Pablo City Development Bank Sandigan Savings Bank Silangan Savings and Loan Bank Sterling Bank of Asia The Real Bank Tower Development Bank UCPB Savings Bank (subsidiary of United Coconut Planters Bank) University Savings and Loan Bank Village Savings and Loan Association Vizcaya Savings and Loan Association Wealth Development Bank Winbank World Partners Bank

[edit]List of foreign banks with thrift banking operations

Citibank (through Citibank Savings) HSBC (through HSBC Savings Bank) United Overseas Bank

[edit]Cooperative

and rural banks

Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services. Rural and cooperative banks help farmers through the stages of production, from buying seedlings to marketing of their produce. Rural banks and cooperative banks are differentiated from each other by ownership. While rural banks are privately owned and managed, cooperative banks are organized/owned by cooperatives or federation of cooperatives. A rural bank has the power to provide adequate credit facilities to farmers and merchants or to cooperatives of such farmers and merchants and, in general, to the people of the rural communities of which the rural bank operates in. [edit]List

of cooperative banks

Agusan del Norte Cooperative Bank Bataan Cooperative Bank Banco Cooperativa de Zamboanga Camiguin Cooperative Bank Capiz Settlers Cooperative Bank Cooperative Bank of Agusan del Sur Cooperative Bank of Aklan Cooperative Bank of Aurora Cooperative Bank of Benguet Cooperative Bank of Bohol Cooperative Bank of Bukidnon Cooperative Bank of Bulacan Cooperative Bank of Cagayan Cooperative Bank of Camarines Norte Cooperative Bank of Camarines Sur Cooperative Bank of Cavite Cooperative Bank of Cebu Cooperative Bank of Davao del Sur Cooperative Bank of Ilocos Norte Cooperative Bank of Iloilo Cooperative Bank of La Union Cooperative Bank of Lanao del Norte Cooperative Bank of Misamis Oriental Cooperative Bank of Mountain Province Cooperative Bank of Negros Oriental Cooperative Bank of Cotabato Cooperative Bank of Nueva Ecija Cooperative Bank of Palawan Cooperative Bank of Pampanga Cooperative Bank of Quezon Province Cooperative Bank of Surigao del Sur Cooperative Bank of Tarlac Cooperative Bank of Zambales Cooperative Bank of Zamboanga del Norte Cooperative Bank of Zamboanga del Sur

Countryside Cooperative Bank of Batangas First Isabela Cooperative Bank Ilocos Sur Cooperative Bank Leyte Cooperative Bank Metro South Cooperative Bank National Teachers and Employees Cooperative Bank Occidental Mindoro Cooperative Bank Samahang Nayon Cooperative Bank of Nueva Vizcaya Sorsogon Provincial Cooperative Bank Southern Leyte Cooperative Bank

[edit]List

of rural banks

[edit]Agusan del Norte

Green Bank

[edit]Agusan del Sur

Peoples Bank of Caraga, Inc.

[edit]Aklan

Rural Bank of Altavas Rural Bank of Balete Rural Bank of Banga (Aklan) Rural Bank of Makato Rural Bank of New Washington Rural Bank of Malinao - Microsavers Bank

[edit]Albay

Camalig Bank Cagsawa Rural Bank Ibalon Rural Bank Rural Bank of Guinobatan

[edit]Bataan

Balanga Rural Bank Orani Rural Bank Rural Bank of Abucay Rural Bank of Bagac

[edit]Batangas

5 Speed Rural Bank Balayan Bay Rural Bank Banco Batangan Banco ng Masa Bangko Kabayan Batangas Rural Bank for Cooperatives Bolbok Rural Bank Calaca Rural Bank Classic Rural Bank Dynamic Bank

Empire Rural Bank Excel Rural Bank Farmers Rural Bank First Coconut Rural Bank Limcoma Rural Bank Lipa Bank Lipa Public Bank Lobo Rural Bank Malarayat Rural Bank Mount Makiling Rural Bank New Rural Bank of Agoncillo President Jose P. Laurel Rural Bank Progressive Rural Bank Rural Bank of Alitagtag Rural Bank of Padre Garcia Sto Rosario Rural BAnk Women's Rural Bank, Inc.

[edit]Bohol

First Consolidated Bank

[edit]Biliran

Rural Bank of Naval, Inc.

[edit]Benguet

Benguet Center Bank Diamond Rural Bank Highland Rural Bank Rural Bank of Baguio

[edit]Bukidnon

Malaybalay Rural Bank Asian Hills Bank

[edit]Bulacan

Agricom Rural Bank Apex Rural Bank Baliuag Rural Bank Banco Rural de General Tinio Bangko Luzon Bangko Rural ng Kalumpit Rural Bank of San Pascual inc. Delmont Bank (Rural bank of San Jose del Monte City) East Coast Rural Bank of Hagonoy Emerald Rural Bank Fil-Agro Rural Bank Gateway Rural Bank Meyacauayan Second Rural Bank, Inc. La Consolacion Rural Bank

Rural Bank of Angat Rural Bank of Doa Remedios Trinidad Silahis Bank Rural Bank of Bustos Rural Bank of Pandi

[edit]Cagayan

Providence Rural Bank Rural Bank of Gattaran Claveria Rural Bank Rural Bank of Sanchez Mira

[edit]Camarines Sur

Bangko Rural ng Magarao Bangko Rural ng Pasacao First Naga Rural Bank G-7 Bank Municipal Rural Bank of Libmanan Municipal Rural Bank of Nabua Peafrancia Rural Bank of Calabanga Rural Bank of Sipocot Rural Bank of Pamplona Rural Bank of Minalabac Rural Bank of San Fernando Rural Bank of Cabusao Rural Bank of San Jose Rural Bank of Pili Rural Bank of Milaor Rural Bank of Ragay Rural Bank of Iriga

[edit]Camiguin

Mambajao Community Rural Bank Philippine Intercity Rural Bank

[edit]Capiz

Farmer's Bank of Capiz President Roxas Rural Bank, Inc. Rural Bank of Mambusao, Inc. Rural Bank of Panay, Inc. Rural Bank of Dao, Inc. Rural Bank of Pilar, Inc. Rural Bank of Pilar, Inc., Roxas City Branch Rural Bank of Ivisan, Inc. Rural Bank of Cuartero, Inc. Rural Bank of Jamindan, Inc. Rural Bank of Sapian, Inc.

[edit]Cavite

Advance Rural Bank Bangko Mabuhay Capitol City Rural Bank of Trece Martires Cavite Rural Banking Corporation Cebuana Lhuillier Rural Bank Central Equity Rural Bank Community Bank First Reliance Bank GMA Rural Bank of Cavite Imus Rural Bank Masuerte Rural Bank of Bacoor Rural Bank of Amadeo Rural Bank of Magallanes Rural Bank of Maragondon Unlad Rural Bank of Noveleta, Inc.

[edit]Cebu

Frontier Rural Bank Aspac Rural Bank Banco Maximo Banco of East Asia Banco Rural de Isla Cordova Cardinal Rural Bank Coastal Bank Community Rural Bank of Catmon Community Rural Bank of Medellin First Agro Industrial Rural Bank Frontier Rural Bank Lapu Lapu Rural Bank Mactan Rural Bank Philippine Countryside Rural Bank Pilipino Rural Bank Plaza Rural Bank Upland Rural Bank

[edit]Compostela Valley

Rural Bank, Inc. Money Mall Rural Bank Rural Bank of Montevista(Davao), Inc Rural Bank of Compostela(Davao), Inc Rural Bank of Mawab

[edit]Davao del Norte

First Tagum Rural Bank, Inc. Century Rural Bank

[edit]Davao del Sur

First Tagum Rural Bank, Inc. Community Rural Bank of Magsaysay

One Network Bank Rural Bank of Digos, Inc.

[edit]Davao Oriental

First Tagum Rural Bank, Inc. Rural Bank of Baganga

[edit]Ifugao

Lagawe Highlands Rural Bank

[edit]Ilocos Norte

Banco Dingras Ilocandia Community Bank Cooperative Bank of Ilocos Norte San Nicolas Cooperative Bank of Ilocos Norte-Laoag City Cooperative Bank of Ilocos Norte-Batac City

[edit]Ilocos Sur

Cordillera Bank Vigan Banco Rural Incorporada Rural Bank of Tagudin, Inc Rural Bank of Cabugao, Inc. Rural Bank of Sta. Maria, Inc Sadiri Rural Bank, Inc. Rural Bank of Magsingal, Inc. Ilocos Sur Cooperative Bank

[edit]Iloilo

Rural Bank of Guimbal (Iloilo) Racso's Bank Bangko Buena Consolidated Rural Bank of Santa Barbara (Iloilo) Community Rural Bank of San Joaquin Farmers Trader Rural Bank First Midland Rural Bank Janiuay Rural Bank LifeBank Progressive Rural Bank Rural Bank of Alimodian Rural Bank of Anilao Rural Bank of Badiangan Rural Bank of Leganes Rural Bank of Oton

[edit]Isabela

Banco Agricola Golden Rural Bank of the Philippines Mallig Plains Rural Bank Philippine Rural Banking Corporation

Rural Bank of Alicia Rural Bank of Angadanan Rural Bank of Benito Soliven Providence Rural Bank Rural Bank of Magsaysay, Isa. Inc. Rural Bank of Cauayan, Inc.

[edit]Laguna

Rural Bank of Bay,Inc. Bian Rural Bank Card Rural Bank De La O Rural Bank Entrepreneur Rural Bank First United Farmers Bank Key Rural Bank Ormon Bank PlanBank Rural Bank of Canlubang Planters Provident Rural Bank of Santa Cruz Rural Bank of Alaminos Laguna Prestige Banking Corporation Rural Bank of Lumban Rural Bank of Mabitac, Inc. Rural Bank of Nagcarlan Rural Bank of Paete Rural Bank of Pagsanjan Rural Bank of Calauan Rural Bank of Calamba Malarayat Bank Rural Bank Of Magdalena (Laguna) CARD Bank

[edit]Lanao del Sur

Bagong Bangko Rural ng Malabang Maranao Rural Bank

[edit]Leyte

First Interstate Bank Rural Bank of Dulag Rural Bank of Hindang Rural Bank of Hilongos Rural Bank of Bato Rural Bank of Burauen Rural Bank of Ormoc Rural Bank of Naval, Carigara Branch

[edit]Southern Leyte

Rural Bank of Maasin Rural Bank of Malitbog Rural Bank of Padre Burgos

Rural Bank of Hinundayan Rural Bank of San Juan

[edit]Maguindanao

New Settlers Bank

[edit]Metro Manila

AMA Bank Baclaran Rural Bank Banco de Jesus Rural Bank Banco San Juan Bangko Pasig BMS Rural Bank Builders Rural Bank Country Rural Bank of Taguig Enterprise Capital Rural Bank Filipino Savers Bank Finman Rural Bank First Country Rural Bank First Macro Bank Insular Rural Bank MVSM Bank (A Rural Bank Since 1953) Rodriguez Rural Bank Rural Bank of Alabang Bank of Makati Tambunting Bank

[edit]Misamis Occidental

Community Rural Bank of Clarin First Community Cooperative Bank of Misamis Occidental Panguil Bay Rural Bank of Ozamiz Rural Bank of Bonifacio Rural Bank of Tudela Bank of Misamis. The merging of Rural Bank of Tudela, Mis. Occ. and Rural Bank of Kolambogan, Lanao del Nort Rural Bank of Plaridel

[edit]Misamis Oriental

Bangko Rural ng Tagoloan Community Rural Bank of Naawan Philippine Farmers Bank Rural Bank of Talisayan first Valley Bank

[edit]Mountain Province

Rural Bank of Sagada

[edit]Negros Occidental

Rural Bank of Marayo Community Rural Bank of Magallon

First Community Bank First State Rural Bank Nation Bank New Rural Bank of Binalbagan, Inc. New Rural Bank of Victorias Rural Bank of Bacolod City

[edit]Negros Oriental

Central Visayas Rural Bank Dumaguete Rural Bank Rural Bank of Amlan Rural Bank of Ayungon Rural Bank of Bacong Rural Bank of Guihulngan Rural Bank of Valencia Rural Bank of Manjuyod Rural Bank of Larena Rural Bank of Basay Rural Bank of Pamplona Rural Bank of Santa Catalina SG Bank

[edit]Nueva Ecija

Aliaga Farmers Rural Bank Banco Rural de General Tinio Bangko Luzon Inc. Cabanatuan City Rural Bank Citizen's Rural Bank Cooperative Bank of Nueva Ecija Cuyapo Rural Bank FARM Bank GM Bank Inc. Kabalikat Rural Bank Masagana Rural Bank Merchant Rural Bank of Talavera Millennium Bank New Rural Bank of Guimba New Rural Bank of San Leonardo Producers Rural Bank of San Jose City Rural Bank of Laur Rural Bank of Lupao Rural Bank of Quezon Rural Bank of Makati Rural Bank of Sto. Domingo Small & Medium Enterprise Bank Towncall Rural Bank Westmont Bank

[edit]Nueva Vizcaya

Agri Business Rural Bank Rural Bank of Aritao Rural Bank of Solano Cooperative Bank of Nueva Vizcaya

[edit]Oriental Mindoro

Oriental Tamaraw Rural Bank of Naujan Rural Bank of Baco Rural Bank of Gloria Rural Bank of Bansud Rural Bank of Pinamalayan Rural Bank of Pola Rural Bank of Naujan Rural Bank of Victoria Rural Bank of Socorro Rural Bank of Bongabong

[edit]Pampanga

Rural Bank of Porac Banco Nuestra Seora del Pilar Bank of Florida Bangko San Lus (2nd Rural Bank of San Luis) Crown Bank Delta Civic Bank Guagua Rural Bank Guagua Savers Bank Rural Bank of Angeles Rural Bank of Apalit Rural Bank of San Luis Unity Bank

[edit]Pangasinan

Banco Rural de San Antonio Bangko Pangasinan Bani Rural Bank BHF Rural Bank Corfarm Rural Bank of Umingan CSF Rural Bank of Bayambang Gulf Bank Kaluyagan Rural Bank Kaunlaran Rural Bank Pangasinan Bank People's Rural Bank of Binmaley Rural Bank of Agno Rural Bank of Alaminos Rural Bank of Anda Rural Bank of Dasol Rural Bank of Bautista Rural Bank of Mangaldan

[edit]Quezon

St. Jude Cooperative Bank Quezon Capital Rural Bank Grand-Agri Rural Bank Mega Rural Bank Polillo Island Rural Bank Quezon Capital Rural Bank Quezon Traders Rural Bank of Candelaria Rural Bank of Alabat Rural Bank of Atimonan Rural Bank of Candelaria Rural Bank of Dolores Rural Bank of Lucban Rural Bank of Mauban Rural Bank of Sariaya Rural Bank of Tagkawayan Tiaong Rural Bank

[edit]Rizal

Binangonan Rural Bank Eastern Rizal Rural Bank Filidian Rural Bank Rural Bank of Cardona Growers Rural Bank Tanay Rural Bank Rizal Rural Bank (Taytay), Inc. Rural Bank of Angono Rural Bank of Antipolo Rural Bank of Cainta Rural Bank of Montalban Rural Bank of Pililla

[edit]Romblon

Community Rural Bank of Romblon

[edit]Sarangani

Rural Bank of DAR Beneficiaries Cooperative Rural Bank of Alabel Sarangani Rural Bank, Inc.

[edit]South Cotabato

Peninsula Rural Bank People's Rural Bank Partner Rural Bank, Surallah, So. Cot. Rural Bank of Norala (Norala, So. Cot.), Inc.

[edit]Southern Leyte

Community Rural Bank of Maasin

[edit]Sultan Kudarat

Partner Rural Bank, Tacurong City

[edit]Surigao del Sur

Bangko Carrascal Enterprise Bank www.ebi.ph]] Cantilan Bank, Inc.

[edit]Surigao del Norte

Surigaonon Rural Banking Corporation Evergreen Rural Bank,Inc. Siargao Bank Rural Bank of Placer

[edit]Tarlac

Bangko Santo Nio Camiling Rural Bank First Provincial Bank Rural Bank of Tarlac Rural Bank of Victoria Rural Bank of Pura Rural Bank of La Paz St. Michael Rural Bank

[edit]Zambales

Community Rural Bank of San Felipe Countryside Rural Bank of Palauig Maharlika Rural Bank Rural Bank of Cabangan Zambank Unity Bank Rural Bank of Candelaria Zambales, Inc. Rural Bank of San Narcisco, Inc. Rural Bank of San Marcelino, Inc.

[edit]Zamboanga del Norte

Rural Bank of Labason Community Rural Bank of Dapitan City Rural Bank of Roxas Katipunan Rural Bank Rizal Rural Bank Rural Bank of Dipolog City Rural Bank of Siocon Rural Bank of Liloy

[edit]Zamboanga del Sur

Rural Bank of Pagadian City Rural Bank of Salug Valley

[edit]Zamboanga Sibugay

Rural Bank of Kabasalan Inc.

[edit]Zamboanga City

Rural Bank of Siocon Inc. Rural Bank of Zamboanga Banco Cooperativa de Zamboanga

[edit]Defunct

or merged banks

Citytrust Savings Bank (acquired by Bank of the Philippine Islands) Acme Savings Bank(Acquired by the Sy Group of Companies and Renamed Banco De Oro) Far East Bank and Trust Company (acquired by Bank of the Philippine Islands) People's Bank and Trust Company(acquired by Bank of the Philippine Islands) SolidBank Corporation (acquired by Metropolitan Bank and Trust Co) G7 Bank Insular Savings Bank (acquired by Citibank) International Exchange Bank (acquired by Union Bank of the Philippines) Insular Bank of Asia and America (Merged with Philippine Commercial International Bank) Monte de Piedad Savings Bank (acquired by Keppel Bank) Mindanao Development Bank(Merged with Equitable Banking Corporation) Ecology Bank(Merged with Equitable Banking Corporation) Keppel Bank (acquired by GE Capital Finance) Philippine Commercial International Bank (merged with Equitable Bank forming Equitable PCI Bank and now merged with Banco De Oro) PCIBank Savings (bought by the HSBC Group and renamed HSBC Savings Bank.) DBS Bank Philippines Ltd. (acquired by BPI) Equitable Banking Corporation (merged with PCI Bank forming Equitable PCI Bank and now merged with Banco De Oro) Prudential Bank (acquired by Bank of the Philippine Islands) Urban Bank (forced to close then merged with Export and Industry Bank) Equitable PCI Bank (merged with Banco de Oro) Export and Industry Bank American Express Bank (Renamed BDO Elite Savings Bank) Equitable Savings Bank (merged with BDO) Banco Santander Central Hispano (Philippine subsidiary acquired by Banco De Oro and renamed BDO Private Bank) Dao Heng Bank (acquired by Banco de Oro) 1st E Bank (Philippine Branches acquired by Banco de Oro) United Overseas Bank (66 out of 67 Branches merged with Banco De Oro BDO Elite Savings Bank (merged with BDO along with Equitable Savings, Equitable PCI and PCI Capital Corp) GE Money Bank (acquired by Banco de Oro) Green Bank of Caraga(Acquired by East West Bank) LBC Development Bank Traders Royal Bank (Acquired by Bank of Commerce) Capitol Bank (acquired by RCBC, now named as RCBC Savings Bank) Asianbank (acquired by Metrobank)