TYPES OF BANKS

SAVINGS BANKS
A savings bank is a financial institution
whose primary purpose is accepting savings
deposits and paying interest on those deposits.

 They originated in Europe during the 18th

century with the aim of providing access to
savings products to all levels in the population.
Often associated with social good these early
banks were often designed to encourage low
income people to save money and have access to
banking services. They were set up by
governments or by socially committed groups or
organizations such as with credit unions. The
structure and legislation took may different
forms in different countries over the 20th
Examples:
1. China Bank Savings (a subsidiary
of Chinabank)

Type: Public
Traded as PSE: CHIB
Industry: Finance
Founded: August 16, 1920 (Manila, Philippine
Islands)
Headquarters: China Bank Building, 8745
Paseo de Roxas corner Villar St., Makati City
1226, Philippines
Key people:
Hans T. Sy, (Chairman)
Gilbert U. Dee, (Vice Chairman)
William C. Whang, (President and CEO)
COMMERCIAL BANKS
A commercial bank is a type
of banks that provides services
such as accepting deposits,
making business loans, and
offering basic investment
products that is operated as a
business for profit.
EXAMPLES:
1. Banco De Oro (BDO
Type: Public
Traded as PSE: BDO
Industry: Finance and Insurance
Predecessor: Banco de Oro ·Equitable PCI Bank
Founded: Manila, Philippines
January 2, 1968 (as Acme Savings)
November 1976 (as BDO)
Headquarters: Makati, Philippines (BDO Corporate Center)
Key people:
Teresita T. Sy (Chairperson)[2]
Jesus A. Jacinto, Jr. (Vice Chairman)
Nestor V. Tan (President and CEO)
Products: Financial Services
COOPERATIVE BANKS
 Cooperative banking is retail and
commercial banking organized on
a cooperative basis. Cooperative banking
institutions take deposits and lend money
in most parts of the world.
 Cooperative banking, as discussed here,
includes retail banking carried out by credit
unions, mutual savings banks, building
societies and cooperatives, as well as
commercial banking services provided
by mutual organizations (such
as cooperative federations) to cooperative
businesses.
EXAMPLES:
1. EastWest Rural Bank
Type: Public
Traded as PSE: EW
Industry: PFinance
Founded: La,Philippines (1994)
Founder: Andrew Gotianun
Headquarters: The Beaufort, 5th Avenue corner 23rd
Street, Bonifacio Global City, Taguig City, Metro
Manila, Philippines
Key people:
Jonathan T. Gotianun (Chairman)
Antonio C. Moncupa, Jr. (Vice Chairman and
CEO)
Jesus Roberto S. Reyes (President and Deputy
CEO)
ISLAMIC BANK
 Islamic banking, also known as non-
interest banking, is a banking system that
is based on the principles of Islamic
or Sharia law and guided by Islamic
economics. Two fundamental principles
of Islamic banking are the sharing of
profit and loss, and the prohibition of the
collection and payment of interest by
lenders and investors. Islamic law
prohibits collecting interest or "riba."
EXAMPLES:
1. Al-Amanah Islamic Bank
Type: Subsidiary
Industry: Banking
Founded: Manila, Philippines (1973)
Headquarters: Zamboanga City,Philippines
Key people : Alex P. Bangcola (Chairman and CEO)
Products: Financial servicesParent
DevelopmentBank of the Philippines
 CREDIT UNION
 A credit union is a member-owned financial cooperative,
controlled by its members and operated on the principle of
people helping people, providing its members credit at
competitive rates as well as other financial services.[1][2]
 Worldwide, credit union systems vary significantly in
terms of total assets and average institution asset size,
ranging from volunteer operations with a handful of
members to institutions with assets worth several billion
U.S. dollars and hundreds of thousands of
members.[3] Credit unions operate alongside
other mutuals and cooperatives engaging in cooperative
banking, such as building societies.
EXAMPLES:
1.Bank of the Philippine Islands

Type: Public
Traded as PSE: BPI
Industry: Finance
Founded: Manila, Captaincy General of the
Philippines
(August 1, 1851; 168 years ago)
Headquarters: Makati Philippines
Key people:Jaime Augusto Zóbel de
Ayala (Chairman)
Cezar P. Consing (President & CEO)
EXAMPLES:
1.Overseas Filipino Bank (OFBank)

Type: State-owned
Industry: Finance and Insurance
Founded: Manila, Philippines
(May 24, 1906; 113 years ago)
Headquarters: Manila, Philippines
Key people: Alex V. Buenaventura, (Chairman)
Renato G. Eje, (Vice Chairman, President and
CEO)
MORTGAGE BANKS
 Mortgage bank is a bank that
specializes in originating and/or
servicing mortgage loans. In the US a
mortgage bank is a state-licensed banking
entity that makes mortgage loans directly
to consumers. The difference between a
mortgage banker and a mortgage
broker is that the mortgage banker funds
loans with its own capital.
EXAMPLES:
1. Banco Filipino Savings and Mortgage
Bank

Type:Public (PSE: BF)

Industry: Finance
Founded: Manila, Philippines(1964)Defunct2011
Headquarters: Makati, Philippines
Key people: Teodoro O. Arcenas, Jr., Chairman and
President
Products: Banking