TOP Banks in the Philippines, by Assets, Sep 2014

January 22, 2015, 11:12 pm

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Here are the top commercial/universal banks in the Philippines, based on total assets as of September 2014.

There are now three trillionaire Philippine banks -- BDO, Metrobank and BPI. 
BPI joined BDO and Metrobank in their 3-member-only trillionaire club in June 2014.

Landbank will most likely be the next trillionaire.

BDO first surpassed the one-trillion-peso-asset mark in June 2011 -- more than 2 years before Metrobank did in September 2013.
And Metrobank surpassed the one-trillion-peso-asset mark 9 months before BPI did in June 2014.

PNB moved up to No. 5, behind LandBank, in the first quarter of 2013, after completing its merger with sister company Allied Bank in February 2013.

TOP 17 Banks -- Banks with Over One Hundred Billion in Total Assets

RANK	BANK	ASSETS in	RANK
SEP 2014		BILLION PESOS	JUNE 2014
1	BDO	1,702.377	1
2	METROBANK	1,229.425	2
3	BPI	1,065.765	3
4	LANDBANK	910.968	4
5	PNB	565.192	5
6	DBP	436.730	6
7	CHINABANK	389.058	7
8	RCBC	365.608	9
9	SECURITY BANK	356.349	8
10	UNION BANK	334.800	10
11	CITIBANK	283.025	11
12	UCPB	249.294	12
13	HSBC	186.468	13
14	EASTWEST	162.392	14
15	BANCOM	129.829	16
16	PHILTRUST	125.202	15
17	AUB	118.222	17
No. 18 to No. 33
18	STANDARD CHARTERED	75.792	18
19	MAYBANK	74.277	19
20	PBCOM	68.846	21
21	ANZ	66.460	22
22	JP MORGAN CHASE	65.355	23
23	BANK of TOKYO	58.747	25
24	VETERANS	57.941	24
25	DEUTSCHE BANK	52.964	20
26	ROBINSONS BANK	48.621	26
27	BDO PRIVATE	41.229	27
28	MIZUHO	35.644	29
29	ING BANK	34.902	28
30	CTBC	29.491	30
31	BANK OF CHINA	14.557	32
32	BANK OF AMERICA	13.803	31
33	MEGA ICB	12.044	33
No. 34 to No. 36
34	KOREA EXCHANGE	8.393	34
35	BANGKOK BANK	7.393	35
36	AL-AMANAH	0.698	36

Top banks in the Philippines, by assets as of September 2014

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Failed Banks in the Philippines, 2015

February 28, 2015, 4:26 pm

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We hope that the number of failing banks continues to decrease.
This year, the month of January passed by without one bank failing.
However, before February ended, one rural bank was closed down,
Rural Bank of Alfonso.

Last year, 2014, there were 15 banks that failed.
13 banks were rural banks
1 bank was a cooperative bank
1 bank was a savings bank, Silangan Savings and Loan Bank Inc.
    Silangan bank's quarterly reports have not been seen on
    the BSP website since 2009, or probably even earlier
    (usually a sign of imminent failure)

Philippines Banks Closed Down in 2015

             as of June 30, 2015

8.  Rural Bank of Taysan (Batangas) Inc.
      - Office address at J.P. Rizal St., Brgy. Poblacion East
              Taysan, Batangas
      - Closed down by the BSP on June 26, 2015
      - Taken over by the PDIC on June 29, 2015

7.   Siargao Bank (A Rural Bank), Inc.
      - Head office address at 03406 Jose C. Sering Building
         Borromeo St., Surigao City
      - 2 Branches:
           Brgy. 8, Dapa, Surigao del Norte
           Palileo St., Mainit, Surigao del Norte
     - Closed down by the BSP on June 11, 2015
     - Taken over by the PDIC on June 15, 2015

6.  Rural Bank of Sta. Magdalena (Sorsogon), Inc.
      - Office address at Barangay 3, Poblacion
            Sta. Magdalena, Sorsogon
      - Closed down by the BSP on May 14, 2015
      - Taken over by the BSP on May 15, 2015

5.  Community Rural Bank of Magsaysay (Davao Del Sur), Inc.
      - Office address at Roxas Blvd.
          Magsaysay, Davao del Sur
      - Closed down by the BSP on May 7, 2015
      - Taken over by the PDIC on May 8, 2015
      -  Landbank had a 4.24-percent stake in the rural bank,
           which had 772 accounts with total deposits of 5.7 million
           pesos as of March 2014.

4.  Surigaonon Rural Banking Corp. 
     - Head Office address at Rizal St. corner Gimena St.
          Surigao City
     - Had 9 branches in the cities of Butuan, Cagayan de Oro,
        Davao, Butuan, Cabadbaran, Tacloban and Cebu
     - Closed down by the BSP on April 23, 2015
     - Taken over by the PDIC on April 24, 2015
     -  According to a Nov 2014 news report by Roel Catoto on Minda News,
        the bank experienced mass withdrawals after rumors of bankruptcy spread around.
       The majority owner said he infused 60 million and planned to add another 20 million
        to restore stability. He also said that the banks lost millions of money and he alleged
        that some people he trusted stole money from the bank.
       The rural bank offered a time deposit scheme in which a depositor of 380,000 pesos
        can get 1 million pesos after 11 years and one day.

3.  Rural Bank of Labrador (Pangasinan), Inc. 
      - Office address at Poblacion, Labrador, Pangasinan
      - Closed by the BSP on April 16, 2015
      - Taken over by the PDIC on April 16, 2015
       
2. Rural Bank of Magsingal (Ilocos Sur), Inc.
     - Office address at San Vicente, Magsingal, Ilocos Sur
     - Closed by the BSP on March 5, 2015
     - Taken over by PDIC on March 6, 2015

1. Community Bank (Rural Bank of Alfonso, Inc.)
    - Head Office address at Mabini St., Town Plaza
       Alfonso, Cavite
    - Closed by the BSP on February 26, 2015
    - Taken over by PDIC on February 26, 2015
    - Had 2 branches:
      - Poblacion, Biñan, Laguna
      - Poblacion II, Gen. Emilio Aguinaldo, Cavite

Philippine Banks Closed Down in 2014 
Banks Closed Down in 2013

Philippine National Bank Branches in Hong Kong

March 4, 2015, 7:18 am

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Here's a list of Philippine National Bank Branches in Hong Kong. 
You can send money to your family or other persons in the Philippines.
You can also send your payments to PAG-IBIG or to SSS.

PNB BRANCHES in HONG KONG

PNB Hong Kong Branch
Unit 02, 9th Floor, Tung Wai Commercial
Building, 109-111 Gloucester Road,
Wanchai, Hong Kong

Office Hours: Mon to Fri, 9am-4:30pm
Phone: 852-2543-1066
Email: pnbhkgrp@pnb.com.ph

PNB Global Remittance & Financial Co. (HK) Ltd.
Head Office
Unit 01 , 9th Floor, Tung Wai Commercial
Building, 109-111 Gloucester Road,
Wanchai, Hong Kong

Office Hours:
Mon to Fri: 9am-5pm
Sat: 9am-12:30pm
1st, 2nd and 5th Sun and Holidays: 8:30am-6pm
3rd and 4th Sun: 8:45am-5pm
Phone: 852-2230-2105

PNB Global North Point Branch
Ground Floor Shop 27-28, Seven Seas Commercial Centre
121 King's Road, North Point
HongKong

Office Hours:
Mon to Fri: 9am-5pm, Sat: 9am-12:30pm
1st, 2nd and 5th Sun and Holidays: 8:30am-6pm
3rd and 4th Sun: 8:45am-5pm
Phone: 852-2887-5967

PNB Global Shatin Branch
Shop 15E, Level 1 Shatin Lucky Plaza, 12-15
Wang Fok St., Shatin, New Territories
Hong Kong

Office Hours:
Mon to Fri: 9am-5pm, Sat: 9am-12:30pm
1st, 2nd and 5th Sun and Holidays: 8:30am-6pm
3rd and 4th Sun: 8:45am-5pm
Phone: 852-2603-2802

PNB Global Tsuen Wan Branch
Shops 226-229, Lik San Plaza, 269 Castle
Peak Road, Tsuen Wan, New Territories,
HongKong

Office Hours:
Mon-Fri: 9:00am-5:00pm, Sat: 9:00am-
12:30pm, 1st, 2nd and 5th Sun and Holidays: 8:30am-6pm
3rd and 4th Sun: 8:45am-5pm
Phone: 852-2490-1397


PNB Global Worldwide House 101 Branch 
Shop 101, 1st Floor Worldwide House
19 Des Voeux Road, Central, HongKong

Office Hours:
Mon to Fri: 9am-5pm
1st, 2nd and 5th Sat: 8:45am-6pm
3rd and 4th Sat: 9:00am-6pm
1st and 2nd Sun: 8am-6pm
3rd, 4th and 5th Sun and Holidays: 8:30am-6pm
Phone: 852-2521-4603
Trunkline: 852-2543-7171

PNB Global Worldwide House 122 Branch
Shop 122, 1st Floor Worldwide House
19 Des Voeux Road, Central, HongKong

Office Hours:
Mon to Fri: 9am-5pm
except 1st week of the month (9am-6pm)
1st, 2nd and 5th Sat: 8:45am-6pm
3rd and 4th Sat: 9am-6pm
1st and 2nd Sun: 8am-6pm
3rd, 4th and 5th Sun and Holidays: 8:30am-6pm
Phone: 852-2869-8764

PNB Global Yuen Long Branch
Shop 9, 3rd Floor Tung Yik Bldg.
No.8 Yu King Square, Yuen Long, New Territories,
HongKong

Office Hours:
Mon to Thurs: 9am-5pm
Sat: 9am-12:30pm
1st, 2nd and 5th Sun and Holidays: 8:30am-6pm
3rd and 4th Sun: 8:45am-5pm
Phone: 852-2147-3471

Allied Banking Corporation (Hong Kong) Ltd.
1402 World Wide House
19 Des Voeux Road Central, Hong Kong

Office Hours:
Mon to Fri: 9am-5:30pm
Sat: 9am-1pm (excluding public holidays in Hong Kong)
Phone: 852-2846-2288

Allied Banking Corporation (Hong Kong) Ltd. Branch
Kowloon Branch
Shop 264-265 2nd Floor Houston Center
63 Moody Road Tsimshatsui East Kowloon,
Hong Kong

Office Hours;
Mon to Fri: 9am-5:30pm
Sat: 9am-1pm (excluding public holidays in Hong Kong)
Phone: 852-2846-2251

*Allied Banking Corp. (Hong Kong) Ltd. is a subsidiary of PNB.

Send Money from Saipan to the Philippines

March 5, 2015, 10:19 pm

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You can send money from Saipan to the Philippines
through this BDO remittance partner:

Rustan's Foreign Exchange
7-12 Building Beach Road
Chalan Kanoa, Saipan, MP 96950

You can also send through this remittance company:

PINOY Express / APEX Remittance 

Chalan Kanoa, Saipan  

Phone: 670-235-5006/670-235-5007

Email: saipan@pinoy-express.com 

Business Hours: 

 9am to 8pm everyday, including holidays and weekends 

Top 38 Savings Banks in the Philippines, Sep 2014

March 11, 2015, 7:28 pm

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Here are the Top Savings Banks in the Philippines, based on Total Assets as of September 2014, with data sourced from the BSP website.

RANK    BANK	ASSETS	RANK
SEP	BILLION	JUNE
2014	PESOS	2014
1.  BPI Family	210.876	1
2.  PSBank	150.128	2
3.  RCBC Savings	73.834	3
4.  Philippine Business	53.465	4
5.  City Savings	51.664	6
6.  Planters Development	49.013	5
7.  Sterling Bank	33.232	7
8.  HSBC Savings	26.416	8
9.  China Bank Savings	20.056	9
10.  Allied Savings	15.512	10
11.  UCPB Savings	13.183	11
12.  BPI Direct Savings	12.651	12
13.  First Consolidated	11.780	14
14.  Security Bank Savings	11.489	13
15.  PR Savings	10.119	15
16.  Philippine Postal	8.936	17
17.  Producers Savings	8.145	16
18.  Equicom Savings	6.856	20
19.  1st Valley Bank	6.766	19
20.  Malayan Bank Savings	6.665	18
21.  Wealth Development	5.797	22
22.  Luzon Development	4.399	23
23.  Citystate Savings	3.783	24
24.  United Overseas	3.092	25
25.  Legazpi Savings	2.761	27
26.  Penbank	2.630	26
27.  Enterprise Bank	2.148	28
28.  Queen City Development	1.743	29
29.  ComSavings Bank	1.595	30
30.  Optimum Development	1.561	31
31.  CARD SME Bank	1.489	32
32.  Hiyas Banking	1.370	33
33.  Bank One Savings	1.311	34
34.  Century Savings	1.262	36
35.  Tong Yang Savings	1.183	39
36.  Dumaguete City Development	1.154	37
37.  Isla Bank	1.153	38

NOTES:

1. BPI Globe Banko is one of these top 38 thrift banks, but its financial report as of September 2014 is not yet on the BSP website.
It ranked No. 35 in June 2014, with total assets of 1.235 billion

2.  Citibank Savings, which ranked No. 21 in June 2014 with total assets of 5.815 billion, was acquired by BDO in 2014 from Citigroup. It will be renamed Banco De Oro Savings Bank

3. Real Bank ranked No, 18 in March 2014 with total assets of 7,654 billion. Its financial reports for June and September 2014 are not yet available on the BSP website.  Real Bank signed a deal to be acquired by BDO in June 2014. See Bank Mergers in 2014

4. Legazpi Savings Bank is now a wholly owned subsidiary of Robinsons Bank. Robinsons Bank completed its acquisition of Legazpi Savings Bank in December 2012.

Top Rural Banks in the Philippines, as of 2015

March 13, 2015, 11:39 pm

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Here's a partial list of the Top Rural Banks in the Philippines, as of March 2015:

Previous rankings are here:
Top Rural Banks as of 2012
Top Rural Banks as of 2013

                              2015 Ranking

1.  One Network Bank (ONB), A Rural Bank

One Network Bank, with its rapid growth rate and large branch network, has become the No. 1 rural bank in the Philippines. It will surely grow by leaps and bounds as it leverages the resources of BDO Unibank, the biggest bank in the Philippines, which signed an agreement to acquire ONB in December 2014.

Head Office:
ONB Center, KM 9, Sasa
Davao City
Hotline: (082)-233-7777
Email: customerservice@onenetworkbank.com.ph
Website: onenetworkbank.com.ph

- Total Assets as of June 2014: 26.5 billion
- Capital as of June 2014: more than 4 billion
- Capital adequacy ratio: 17%
- Total loan portfolio: 20 billion
- Number of branches: 102
- Number of employees: 1,481

Based on 2013 annual report on onenetworkbank.com.ph:
- Total assets as of December 2013: 25.7 billion
- Total deposits as of December 2013: 18 billion
- Total loan portfolio as of December 2013: 18.7 billion
- Non-performing loan ratio: 2%
- Return on Assets: 3%
- Return on Private Investment: 35%
- Risk-based capital adequacy ratio: 18%
  (BSP requires a minimum CAR of 10%)
- Number of branches: 98
- Number of ATMs: 143
- Number of Employees: 1,480

- Opened its first branch outside Mindanao in 2012, in Makati
   along Pasong Tamo Extension, near corner with EDSA
- ONB arose from the consolidation in 2004 of 3 rural banks: Network Rural Bank (Davao), Rural Bank of Panabo and Provident Rural Bank of Cotabato
- Chairman is Victor A. Consunji
- President and CEO of ONB is Alex V. Buenaventura

- Offers PeraDala foreign and local remittance service
  Remittance tie-ups with:
  BDO Remit
  Asia United Bank Gintong Hatid
  PNB Remittance
  RCBC TeleMoney
  BPI BPInoy Remittance
  DBP EC Remit
  XOOM
  MoneyGram
  Globe GCash
  IRemit
  UniTeller
  MyRemit, A Kapamilya Service of TFC
  XPress Money
  Cebuana Lhuillier

- Offers PeraBayad bills payment service:
  PLDT, SmartBro, Smart, Globe, Bayan Telecommunications, Innove Communications
  SSS, Philhealth, Ateneo De Davao, Davao Doctors College Inc., Mountain View College


2. Bank of Makati, A Rural Bank 

(Update Apr 22, 2015):  Bank of Makati has become a thrift bank or savings bank. It started operating as Bank of Makati (A Savings Bank) Inc. on April 15, 2015.

No. 44 Sen. Gil Puyat Avenue
Makati City 1234
Trunkline: (02) 889-0000
Hotline: (02) 889-0000 loc. 902
Email: customerservice@bankofmakati.com
Website: bankofmakati.com.ph
Facebook page:
 facebook.com/pages/Bank-of-Makati-A-Rural-Bank/232755353407095

 - Total assets as of December 2014: 26.334 billion
 - Total deposits as of December 2014: 16.402 billion
 - Capital Stock as of December 2014: 2.763 billion
 - Total Stockholders Equity as of December 2014: 5.772 billion
 - Retained Earnings as of December 2014: 3.043 billion
 - Gross Total Loan Portfolio as of December 2014: 19.287 billion
 - Gross Non-performing loan ratio: 15.08%
 - Net Non-performing loan ratio: 10.05%
- ROE as of December 2014: 3.51%
 - Total capital adequacy ratio: 17.52%
 - Tier 1 capital adequacy ratio: 17.02%
 - Compliance with 8% Micro and Small Enterprises Law: 30.2%
 - Compliance with 2% Medium Enteprises Law: 3.08%
 - Number of branches: 19 branches and 24 loan centers
 - Numner of microfinance-oriented branches in Metro Manila: 13
 - Founded in July 1956
 - Started operations in September 1956
 - Changed ownership in October 2001
 - Chairman is Thomas C. Ongtenco
    and president is Ma. Rodora E. Banares


3.  CARD Bank Inc., A Microfinance Oriented Rural Bank

CARD MRI
20 M. L. Quezon St., City Subdivision
San Pablo City, Laguna
Tel: (63)(049) 562-4309
Website: cardbankph.com/wp_cardbankph/bank
Email: info@cardbankph.com

 - Member of the 8-institution CARD MRI
 - Sister institution of Santo Tomas, Batangas-headquartered
    savings bank CARD SME Bank

 - Total Assets as of January 2015: 6.18 billion
 - Return on Equity: 37.63%
 - Return on Assets: 7.6%
 - Number of Savers and other Clients: 1,395,190
 - Number of Clients with Loans: 525,993
 - Loan Repayment Rate: 98.98%
 - Number of Employees: 2,392
 - Number of Branches: 59

 - Remittance tie-ups:
   BDO
   Xpress Money
   Worldremit
   Globe
   MoneyGram
   XOOM
   Transfast

4.  East West Rural Bank, Inc. 

A subsidiary of East West Banking Corp. 

      (Formerly Green Bank Inc.)

Hotlines:

+63 917-3116411

+63 932-8578397

+63 918-9930270

Trunkline:

+63 85 342-2911

Website: eastwestruralbank.com

Customer Service Email:

helpdesk@eastwestruralbank.com

Mailing Address:

East West Rural Bank, Inc.

#360 Dr. Sixto Antonio Avenue, Brgy. Caniogan 

Pasig City, 1606 Philippines

- Estimated Total Assets: 3 billion

- East West Banking Corp. acquired Green Bank Inc. (Rural Green Bank of Caraga) in 2011 and was renamed EastWest Rural Bank in November 2013 after Green Bank merged with East West-acquired bank Finman Rural Bank of Pasig.

- Number of branches: 47

   9 in Luzon

   14 in Visayas

   24 in Mindanao

- President and CEO is Elpidio F. Masbad III


5.  BOF, Inc. (A Rural Bank)

(formerly Bank of Florida, A Rural Bank)

Head office:
McArthur Highway, Dolores
San Fernando City, 2000 Pampanga

Email: customercare@bankofflorida.ph
Phones:
(045) 963-5288 to 90
(045) 961-7079
(045) 963-5188 to 89
Website: bankofflorida.ph
Facebook page: facebook.com/bankofflorida.ph

- Total assets as of January 2014: More than 2.6 billion
- Number of Branches: 15
- BOF's Facebook page says BOF is the Top Rural Bank in Region 3
    (Pampanga, Bulacan, Tarlac)
- Consolidated with Bank of Lubao, A Rural Bank in January 2014

- Chairman Emeritus is Ladislao S. David
- Chairman and President is Teresa David-Carlos

- BOF is a subsidiary of House of David Investment and Management Corp.
- BOF's sister companies are:
House of David Realty and Development Corp.
Mary the Queen Academy of Pampanga Inc.
Mary the Queen College of Pampanga Inc.
D.A. Market Securities Inc.

- Deposit products are called:
  Apple Kiddie Savings Account
  Banana Easy Savings Account
  Orange Premium Checking Account
  Mango Prime Time Deposit Account

6. Insular Bank, A Rural Bank

Head Office:

Ground Floor, Net Plaza, 31st Street

Bonifacio Global City, Taguig, Metro Manila

Phone: +63(2) 804-1351 to 52 

Website: insularbank.ph

Total Assets as of December 2013: 2.139 billion

Total Deposits: 1.294 billion

Total Loan Portfolio: 1.319 billion

- Chairman emeritus is Atty. Augusto A. Martirez

- Chairman is Jaime J. Martirez

- President is Reynaldo J. Martirez

7.  Rang-ay Rural Bank

Head Office:

 Nisce-Querol Building, No. 67 Gov. Luna St.

 San Fernando City, La Union 2500

 Phone: 072-242-5661 to 63 / 700-5660 to 61

 Email: headoffice@rangaybank.com

- Total Assets as of December 2014: 2.05 billion

- Biggest Rural Bank in the Ilocos and Cordillera regions

- Number of branches: 25 

- Has BSP-approved branch openings in 2015

- Offers loan programs: 

   Pabahay Housing Loan

   Barangay Loan

   OFW Loan

   Ginto Loan

   DepEd Teacher Loan

   2-Year SSS Pensioner Loan

   Salary Loan

   Multi-Purpose Loan

   Farmer Loan

   SME Business Loan

   Motor Vehicle Acquisition Loan

   Talek Microfinance

- Remittance tie-ups:

  BDO Remit

  Uniteller

  Western Union 

  G-Cash

- Bills payment though ECPay

- Chairman is Ives Q. Nisce

8.  Cantilan Bank, Inc. (A Rural Bank)

Corporate Headquarters:
Orozco St., Magosilom, Cantilan
Surigao del Sur
Phone:  +63 86 2125056 to 60
Email: info@cantilanbank.com
Website: cantilanbank.com

- Total Assets as of 2013: 1.69 billion
- Number of branches: 22
  plus 15 micro-banking offices and 14 atms
- Locations: Caraga, Compostela Valley, Davao del Norte, Davao Oriental, Southern Leyte

- BSP CAMELS rating: 4 out of 5 (CAMELS means Capital, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Market Risks)
- Valued Partner in Housing, Home Guaranty Corp., 2014
- Distinguished Partner, Small Business Corp. (2013)
- 3rd Most Oustanding Rural Bank in the Philippines (Landbank CFI Awards 2013)
- No. 1 Corporate Taxpayer in Surigao del Sur and one of the top four corporate taxpayers in the Caraga Region, awarded in August 2013 by the BIR.

- Chairman is Lt. Gen. William K. Hotchkiss III (AFP, Ret.)
- President is Brig. Gen. Charles Y. Hotchkiss (AFP, Ret.)

9.  Bangko Kabayan (BK), A Rural Bank

 Head office:

 Santiago Street, Poblacion

 Ibaan, Batangas

 Tel: (043) 311 1420

 Website: bangkokabayan.com

 Facebook Page: facebook.com/bangkokabayan

- Total Assets:  more than 1 billion
 Its profile webpage states that it has resources of over a billion pesos and ranks among the top 3% of rural banks in the Philippines.

- Bangko Kabayan was the Best in Region IV-A in LANDBANK's 2014 Gawad CFI (Countryside Financial Institution Awards program. BK has won the award for 6 consecutive years.  

- Bangko Kabayan has signed a partnership agreement with Home Guaranty Corporation (HGC) in May 2014 to offer Microfinance and Small Housing Loan programs.

- Bangko Kabayan's managing director Teresa Ganzon, who with her husband, has a controlling interest in Bangko Kabayan Inc. in 1989, is a leader in the Economy of Communion, an international network of more than 800 businesses committed to putting into practice the Catholic social doctrine. 

- See managing director Teresa Ganzon's interview featured on The Wall Street Journal

- One of the Top 5 Taxpayers in Region IV-A 

- Offers Housing Loan to OFWs (300,000 to 3 million)

- Offers 5-year Time Deposit with Free Insurance 

  (minimum of 100,000 for Sure Save and 

   minimum of 50,000 for OFW "Our Future Wealth" Deposit)

10.  Katipunan Bank (ZN), Inc. A Rural Bank

Head office:
Quezon Avenue corner Aguilar St.
Miputak, Dipolog City

Phones: 0917-636-MY-KB (6952)
       (065) 212-7647

Email: katipuneroko@katipunanbank.com
Facebook page: facebook.com/katipunanbank
Website: katipunanbank.com

- Total Assets: More than 1 billion pesos
- Its website says it is ranked 18th out of more than 600 rural and cooperative banks in

the Philippines
- CAMELS rating: 4 out of 5
- Offers deposit products with free insurance

11.  Tanay Rural Bank

Head Office: 

F.T. Catapusan St., Plaza Aldea

Tanay, Rizal

Phone: (02)654-5335 to 44

Website: trb.com.ph

Facebook page: facebook.com/TanayRuralBankLoans

- Number of offices: 11

- Total Assets as of September 2010: 1.026 billion  

- President is Michael A. Bautista 

12.  Rural Bank of Porac (Pampanga), Inc.

(Main Office):

Gen. Luna St., Cangatba

Porac, Pampanga

Phones: (045) 329 2505 / 436 7740

        (045) 329 2407 / 329 2408

Customer Hotline: 045) 624-6177

Email: info@poracbank.com

Facebook page: facebook.com/pages/Porac-Bank/108260069238490

Website: poracbank.com

- Number of branches: 11 (Pampanga and Bulacan)

- Authorized capitalization: 150 million 

- Total paid-up capitalization: 120 million common stocks held by 66 private stockholders

- President and CEO is Lourdes Connie C. Tayag

13.  Guagua Rural Bank  

Head office:

Plaza Burgos, Guagua, Pampanga

Hotline for Deposits and Other Products & Services:

         (045) 963-5177 / 09228289846 / 09237304307

Hotline for Loans:    (045) 963-7267 / 09228289864

Email: guaguarb@rbap.org 

Website: grbank.info

- Number of offices: 17

- One of the first 10 rural banks to open in the Philippines

- Website says GRB is one of the top rural banks in capital and in resources

- Website says GRB's financial standing was a major factor in BSP’s approval for a GRB branch in Quezon City, which is a highly restricted area for bank branches

- President is Jose Blas L. Carlos, Jr.

14.  Rural Bank of Tanza (Cavite), Inc.

 (also known as Bangko Mabuhay)

A. Soriano St. (Hi-way)
Daang Amaya, Tanza, Cavite

Phones: (046) 489-2001-2004; 489-2010-2013
Email: bmabuhay@rbap.org

- Total Assets as of December 2012: 1.015 billion
- Honored by the BSP in September 2014 (Business Expectations Survey in Region IV)
- Member of the Home Guaranty Corp.'s
   Bankers-Builders-Buyers plus Brokers Program
- Number of offices: 8
- Pending consolidation with Rural Bank of Teresa (Rizal) Inc.

- President is Edwin S. Fojas

15.  Rural Bank of Camalig (Albay), Inc.

  (also known as Camalig Bank)

Corporate Office: 

2nd Flr. Camalig Bank Bldg., 114 Peñaranda St., Legazpi City

Phones: (052) 480-0801 / (052) 480-0810

              0917-5956045

Email: secretariat@camaligbank.com.ph

Head Office:

114 Penaranda St., Legazpi City

Phones: (052) 480-7083 / (052) 480-7278

        0927-7993967

Email: HO@camaligbank.com.ph

- Total Assets: 924.9 million as of 2013

- Total Deposits: 607.9 million as of 2013

- Return on Equity: 9%

- Return on Assets: 2%

- Number of offices: 13

- Offers 6 types of deposit products and 14 loan products

- President is Jose Misael B. Moraleda

Is This How to Compute Savings Account Interest?

April 13, 2015, 5:17 am

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This QUESTION about how to compute savings account interest was posted in our Comments section:

Hi Admin, let's say I have P10,000 in my savings account, is the interest based on what is saved in my account?
So my interest is 10,000 x 0.25% = 2,500, so now I have 12,500 because of the interest?
Am I right?

ANSWER:

No, sorry, that's NOT how interest is computed.
That's too big an interest for a short time.

0.25% is NOT a daily or monthly interest rate.
It's an interest rate for the whole year.

Huh! That low? Yes, that low.

Besides, 10,000 x 0.25% results to 25, not 2,500
You forgot the %.
0.25% means 0.0025
It should be 10,000 x 0.0025 = 25.

Banks can vary how they compute interest and in when they post the interest, as long as they comply with accounting and banking rules.

So How Do Some Banks Compute Savings Account Interest?

Let's use your example. You deposited 10,000 pesos on the first day of the month and your 10k pesos remained in your account until the 31st of the month.  Your ANNUAL interest rate is 0.25%

1. First, let's compute the daily interest rate:
Your DAILY interest rate is 0.25% divided by 360 days.
0.0025 divided by 360 days
0.0025 / 360
0.00000694
Your DAILY interest rate is 0.00000694

2. Let's compute the interest for 1 month or 31 days:

10,000 pesos x 0.00000694 x 31 days
2.15

Your interest for 1 month or for 31 days is 2.15 pesos.

3. Wait! You have to pay your withholding tax for the BIG income that you earned!
     Let's compute the withholding tax:
How much is the withholding tax rate? 20%
Huh! Yes, 20%

2.15 x 20%
2.15 x 0.20 = 0.43

Your withholding tax is deducted:
2.15 - 0.43 = 1.72

so you get a net interest of 1.72 pesos.

4. So, after all these computations, your TOTAL EARNINGS for the 10,000 pesos you deposited for 1 month is 1.72 pesos

Your balance after the month is
10,000 + 1.72 = 10,001.72 pesos


Is There Another Way Some Banks Compute Interest?

Yes, some use this formula below, and the result is the same as the first result:

10,000 pesos x 0.25% x (31 days/360 days)
10,000 x 0.0025 x (31/360)
10,000 x 0.0025 x 0.0861
2.15 pesos

When Do Banks Add the Interest to Our Money?
Some banks post the interest to your account every end of the month.
Some post every end of the quarter.

Is There Any Other Rule Related to Interest?
Your balance for the day should be equal to or higher than the required minimum daily balance to earn interest.

Is It Worth Depositing Money in the Bank?

Yes, if you can maintain your account.

No, if you're not able to maintain your account.
You'll lose your money to penalties if you're not able to maintain your account.

If you really want to save, and become financially comfortable or wealthy later on, don't be discouraged.
Continue saving.
Keep telling yourself "Saving with the bank is better than ZERO saving".
After you save more money, put your money in time deposit.
Read about mutual funds.
Read about investing in real estate.
Read about buying foreclosed NHMRC or Pag-ibig properties.
You can also read about stocks, and see if you can succeed in stocks.

Standard Chartered shows here How to Compute Bank Interest

BPI Savings Account Without Maintaining Balance -- BPI Easy Saver
Savings Accounts for Kids

Is Your BDO Kabayan Savings Account Active?

April 16, 2015, 12:19 pm

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10,000 Pesos -- this is now the maintaining balance requirement for a regular BDO passbook savings account.

This change was put into effect on May 1, 2014.
If you're not able to maintain your account for 2 consecutive months, 300 pesos will be deducted from your account on the last day of the 2nd month. Another 300 pesos will be deducted  on the last day of the 3rd month, if your account remains unmaintained. If you don't restore your account, or if you don't withdraw what's left of your money, the deduction continues until your account is wiped out.

Note to OFWs: 

Your BDO Kabayan account is a ZERO-maintaining balance account, BUT you need to remit to your account from ABROAD at least once in 12 months.
If your account does not receive a remittance from abroad within 12 months, your Kabayan is automatically converted to a regular savings passbook account -- and will then require a 10,000-peso maintaining balance.

An over-the-counter deposit at a BDO branch to a BDO Kabayan account is NOT considered a remittance from abroad.

There have been several Kabayan account owners who have commented on our blogs about losing money to the 300-peso maintaining-balance penalty. Almost all of them did not know about the maintaining-balance increase from 5k to 10k pesos. Most of them lost more than 900 pesos each. The biggest loss was 3,000 pesos.

Is BDO the only bank doing this?
No.
All banks have maintaining-balance requirements on almost all account types.
All of them impose a penalty on all accounts falling below their minimum monthly average daily balance requirement for 2 consecutive months. The deduction starts from the last day of the 2nd month, and it continues until the account balance is wiped out, or until it's restored or closed.

If you're not yet able to maintain a  bank account, get a cash card.

Or find an account with a low maintaining-balance requirement.

The BPI Easy Saver account has a zero maintaining-balance requirement. You just pay 5 pesos for every ATM withdrawal or every ATM balance inquiry.

---

Landbank Remittance Partners in New York

April 17, 2015, 8:17 pm

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Send money to the Philippines from the U.S.A through
Landbank remittance partners in New York:


New York Bay Phils. / New York Bay Remittance
Main Office
61 Broadway Suite 1050 New York
New York, USA 10006
Phone:  800-937-3648 Ext. 0
        212-344-5574 Ext. 0
Email: nybr@nybayremit.com

New York Bay Phils. / New York Bay Remittance
Bowling Green Station
P.O. Box 15
New York, NY 10274
Phone: 800-937-3648
       212-344-5574
Email: nybr@nybayremit.com

Money Dart Global Services, Inc. 
 (associate of UAE Exchange)
5953 Empire State Bldg.
59th Floor 350 Fifth Avenue
New York 10118, USA
Phone: 732-404-0774
Fax: 732-404-0773
Email: ajit@moneydart.com

LBC Express
Phone: 718-418-6250
Fax: 718-418-6252

Cargo Acceptance:  7180-418-6251

New York-Hub (Office 68)
 (Warehouse)
1619 Centre St. Ridgewood,
NY 11385


Landbank Remittance Office in Metro Manila:
Overseas Remittance Marketing and Support Department
20th Floor Land Bank Plaza
1598 M. H. Del Pilar St.
corner J Quintos St., Malate, Manila
Phone: 405-7331 or 405-7495
       or 551-2200 loc. 2505

Wire Transfer to a Landbank account in the Philippines:
Landbank Swift Code: TLBPPHMM 

Landbank Remittance Partners in California

Remittance from Australia via LANDBANK

April 17, 2015, 10:36 pm

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Send money from Australia to the Philippines through these Landbank remittance partners:

NEW SOUTH WALES

Worldwide Exchange Pty. Ltd. (IRemit Inc.)
Suite 1, 16 Main Street, Blacktown
New South Wales NSW 2148
Phone: 612-9621-6373

Worldwide Exchange Pty. Ltd. (IRemit Inc.)
Suite 1, Level 1 259-261 Bigge St.
Liverpool NSW
Phone: 612-973-40174

UAE Exchange Australia Pty. Ltd.
Head Office, Level 5 122 Castlereagh Street
Sydney NSW 2000
Phone: +61 2 92698100
Email: anil.ramdas@auuaeexchange.com

UAE Exchange Australia Pty. Ltd. - Liverpool 2 Branch
Kiosk 1200 Westfield Shopping Centre
Liverpool, New South Wales NSW 2170
Phone: +61 2 96017533
Email: lvl2@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 6pm
Sat to Sun: 9am to 5pm

UAE Exchange Australia Pty. Ltd.  Liverpool Branch
133-A GF West Field Shopping
Complex
NSW 2000, Sydney
Phone:  +61 2 97346788
Email: lvl@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 6pm
Sat to Sun: 9am to 5pm

UAE Exchange Australia Pty. Ltd.  China Town Branch
Shop D 1 A Sussex Centre
401 Sussex Street, New South Wales NSW 2000
Phone:  +61 2 92810663
Email: ct1@xpressmoney.com.au
Business Hours:
Everyday: 10am to 6pm

UAE Exchange Australia Pty. Ltd.  Chatswood Branch
Shop No 205 Westfield Shopping
Centre NSW 2067, Sydney
Phone:  +61 2 94102758
Email: ctw@xpressmoney.comau
Business Hours:
Everyday: 09:30 Hrs to 17:30 Hrs

UAE Exchange Australia Pty. Ltd.  Darling Harbour 1
Shop 175 Harbourside Shop
New South Wales NSW 2000, Sydney
Phone:  +61 2 92127124
Email: dh1@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 9pm
Sat to Sun: 10am to 9pm

UAE Exchange Australia Pty. Ltd. Darling Harbour 2
Shop 1 72-74 Main Street
NSW 2000, North South Wales
Phone:  +61 2 92112335
Email: dl2@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 9pm
Sat to Sun: 10am to 7pm

UAE Exchange Australia Pty. Ltd.  Great Southern Hotel
Sydney Great Southern Hotel 715-723
George Street New South Wales NSW 2000
Sydney
Phone:  +61 2 92803260
Email: gsh@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 8pm
Sat to Sun: 10am to 6pm

UAE Exchange Australia Pty. Ltd.  Hornsby Branch
Hornsby Westfield Centre
Shop 1000A, Sydney
New South Wales NSW
Phone:  +61 2 94765266
Email: hsb@xpressmoney.com.au
Business Hours:
Mon to Fri: 9:30am to 5:30pm
Sat to Sun: 9am to 5pm

UAE Exchange Australia Pty. Ltd. Market City Branch
Sydney Shop R1.20 Market City
Shopping Centre NSW 2000 Sydney
Phone:  +61 2 92803770
Email: mkt@xpressmoney.com.au
Working Hours:
All days: 10:00 Hrs to 18:00 Hrs

UAE Exchange Australia Pty. Ltd.  Parramatta 1
Shop 1 Greenway Plaza 222 Church,
NSW 2000 Sydney
Phone:  +61 2 96874234
Email: pmt@xpressmoney.com.au
Working Hours:
Mon-Fri: 09:00 Hrs to 17:00 Hrs

UAE Exchange Australia Pty. Ltd.  Hurstville Branch
Kiosk 3 Level 1 Westfield Shopping
Town NSW 2000 Sydney
Phone:  +61 2 95702922
Email: hst@xpressmoney.com.au
Business Hours:
Mon to Wed: 9:30am - 5:30pm
Thurs: 9:30am - 6:30pm
Fri: 9:30pm - 5:30pm
Sat: 9am - 5pm

UAE Exchange Australia Pty. Ltd.  Parramatta 2
Shop 3088A Westfield Shopping Centre
NSW 2000, Sydney
Phone: +61 2 98916244
Email: pmt2@xpressmoney.com.au
Business Hours:
Mon to Wed and Fri: 9:30am to 6pm
Thurs: 9:30am - 6:30pm
Sat to Sun: 9:30am to 5:30pm

UAE Exchange Australia Pty. Ltd. Auburn Branch
Auburn Road NSW 2144 New South Wales
Phone:  +61 2 96495828
Email: auburn@xpressmoney.com.au
Business Hours:
Mon to Sat: 10am to 6pm

UAE Exchange Australia Pty. Ltd.  North Sydney Branch
M57, B Greenwood Plaza 36 Blue St.
North Sydney NSW 2060, Sydney
Phone:  +61 2 89200500
Email: nth.syd@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 5:30pm
Sat: 9am to 5:30pm

UAE Exchange Australia Pty. Ltd.  Bankstown Branch
Shop ML 340 North Terrace Centro
Banks Town NSW 2200, Sydney
Phone:  +61 2 97094639 /92698190
Email: bankstown@xpressmoney.com.au
Business Hours:
All Days: 9am to 5pm

QUEENSLAND

Ausphil Forex Inc.
17/40 Cotlew St., East South Port
Gold Coast, Queensland
Australia 4215
Phone:  (07) 5667 7174

UAE Exchange Australia Pty. Ltd. Centre Arcade Branch
Shop 22, Centre Arcade 3131
Qld 4217 Gold Coast
Phone:  +61 7 55382995
Email: gc4@xpressmoney.com.au
Business Hours:
All days: 9am - 9pm

UAE Exchange Australia Pty. Ltd. Transit Centre Branch
Brisbane Shop C T 005 Level 3
Brisbane Transit QLD 4000
Phone:  +61 7 3345 8699
Email: bb1@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 6pm

UAE Exchange Australia Pty. Ltd.  Sunny Bank Branch
Brisbane Branch Kiosk 7
Sunny Bank Plaza
Phone:  +61 7 33458699
Email: bb2@xpressmoney.com.au
Business Hours:
Mon to Wed and Fri: 9am-6pm
Thurs: 9am-7pm
Sat to Sun: 9am-4pm

UAE Exchange Australia Pty. Ltd.  Queen Street Mall Branch
Brisbane Branch 66-76 Queen Street
Phone:  +61 7 32101522
Email: bb3@xpressmoney.com.au
Business Hours:
Mon to Thurs: 9am-7pm
Fri: 9am-9pm
Sat to Sun: 9am-4pm

UAE Exchange Australia Pty. Ltd.  Brisbane-Chermside
Westfield Shopping Complex K33
Phone:  +61 7 32564599
Email: bb4@xpressmoney.com.au
Business Hours:
Mon, Wed, Thurs: 9am-6pm
Fri: 9am-7pm
Sat to Sun: 9am-4pm

UAE Exchange Australia Pty. Ltd.  Raptis Plaza Branch
Gold Coast G-7 Raptis Plaza
Cavill Mall Qld 4217
Phone:  +61 7 55922577
Email: gc2@xpressmoney.com.au
Business Hours:
All Days: 9am to 9pm

UAE Exchange Australia Pty. Ltd. Robina Town Centre
Shop B4, 73 Robina Town Centre
Robina Qld 4230
Phone:  +61 7 55758202
Email: gc.robina@xpressmoney.com.au
Business Hours:
Mon-Sat: 9:30am-5:30pm

UAE Exchange Australia Pty. Ltd.  Garden City Branch
Shop No. 1038 Westfield Garden City
corner of Logan Road & Kessels Road
Upper Mt. Gravatt Queensland 4122
Phone:  +61 7 33495063
Email: garden.city@xpressmoney.com.au
Business Hours:
Mon-Sat: 9am-6pm

SOUTH AUSTRALIA

UAE Exchange Australia Pty. Ltd. Adelaide King William Branch
Shop No. 1, 33 King William Street
Adelaide South Australia
Phone:  +61 8 82318827
Business Hours:
Mon to Fri: 9am-5:30pm
Sat: 9am-5pm

VICTORIA

UAE Exchange Australia Pty. Ltd. Dandenong Branch
341 Lonsdale Street Victoria
Phone:  +61 3 9769 2557
Email Add:
me16@xpressmoney.com.au
Business Hours:
Mon-Sat: 9:30am-5:30pm

UAE Exchange Australia Pty. Ltd. Elizabeth Street Branch
Shop 3, 43-53 Elizabeth Street
Vic-3000 Melbourne
Phone:  +61 3 96201433
Email Add: mel2@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 6pm
Sat to Sun: 10am to 6pm

UAE Exchange Australia Pty. Ltd.  Central Station Branch
Shop Gd 020A Central Walk
Vic-3000 Melbourne
Phone:  +61 3 96397764
Email: mel3@xpressmoney.com.au
Business Hours:
Mon to Thurs: 10am-6pm
Fri: 10am-8pm
Sat to Sun: 10am to 5pm

UAE Exchange Australia Pty. Ltd.  Footscary Branch
28B Irving Street Footscary
Vic-3011 Melbourne
Phone:  +61 3 96896194
Email: mel5@xpressmoney.com.au
Business Hours:
Mon to Fri: 9:30am to 5:30pm
Sat: 19am to 5pm

UAE Exchange Australia Pty. Ltd. 429 Elizabeth Street Branch
429 Elizabeth Street Melbourne
Victoria-3000
Phone:  +61 3 93290799
Email: elizabethst2.mel@xpressmoney.com.au
Business Hours:
All Days: 9:30am-6pm

UAE Exchange Australia Pty. Ltd.  Swanston Street Branch 2
283 Swanston Street, Melbourne Vic
3000 (Cnr of Lonsdale Street)
Phone:  +61 3 96391046
Email: melbourne.swanstonst2@xpressmoney.com.au
Business Hours:
Everyday: 9:30am-5:30pm

WESTERN AUSTRALIA

UAE Exchange Australia Pty. Ltd. Hay Street Branch
Shop 51, 647-649 Hay Street Perth
Phone:  +61 8 92216313
Email: prt1@xpressmoney.com.au
Business Hours:
Mon to Fri: 9am to 5:30pm
Sat to Sun: 9am to 5pm

UAE Exchange Australia Pty. Ltd.  Plaza Arcade Branch
19 A Plaza Arcade 650 Hay Street
Perth, WA 6000
Phone:  +61 8 92213071
Email: plaza.prt@xpressmoney.com.au
Business Hours:
Mon-Sat: 9:30am-5:30pm

UAE Exchange Australia Pty. Ltd.  Perth-Fremantle Branch
52-62 South Terrace Fremantle
Western Australia
Phone:  +61 8 93364044
 +61 8 93364464
Email: fremantle.prt@xpressmoney.com.au
Business Hours:
Everyday: 9am-5pm

xpressmoney.com.au
Xpress Money is a global instant money transfer brand of UAE Exchange.

Landbank Swift Code: TLBPPHMM

Landbank
Overseas Remittance Marketing and Support Department
20th Floor Land Bank Plaza
1598 M. H. Del Pilar cor. Dr. J Quintos Sts.
Malate, Manila
Phone: (632) 405-7331
           (632) 405-7495
           (632) 551-2200
Money Transfer from Australia to the Philippines via Landbank

Bank News Items 2015

April 21, 2015, 8:26 pm

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News on mergers, acquisitions, name changes, and upgrades

July 4, 2015

There are now 5 foreign banks approved by the BSP to do business in the Philippines. They're allowed to buy up to 100% of a Philippine bank, with restrictions on the share of assets held by all foreign banks in the Philippine banking system. The 5 banks are:
 . Sumitomo Mitsui (Japan)
 . Shinhan Bank (South Korea)
 . Cathay United (Taiwan)
 . Industrial Bank of Korea (South Korea)
 . Yuanta Bank (Taiwan)


July 2, 2015

Philippine Business Bank, the country's fourth biggest savings bank in terms of assets as of December 2014, has acquired Insular Savers Bank Inc., the rural bank that arose from the June 30, 2015 merger of Insular Rural Bank Inc. and Filipino Savers Bank Inc. (A Rural Bank).

June 30, 2015

Insular Rural Bank Inc. and Filipino Savers Bank Inc. (A Rural Bank) have merged to become a consolidated bank named Insular Savers Bank Inc. (A Rural Bank). Insular Savers started operating as a rural bank on June 1, 2015.

June 18, 2015

At least 12 foreign and local banks have expressed their intent to buy the Philippine government's controlling stake in the United Coconut Planters Bank (UCPB). Among these are:
.  Mitsubishi UFJ Financial Group Inc. of Japan
.  BDO Unibank
.  Philippine National Bank
.  China Banking Corp.
.  East West Banking Corp.
.  Robinsons Bank

June 10, 2015

BDO will also now sell life insurance. It has acquired life insurance company Generali Pilipinas Life Assurance Company (GPLAC) and its parent company Generali Pilipinas Holdings Company Inc. (GPHC). GPLAC and GPHC will be renamed BDO Life Assurance Company Inc. and BDO Assurance Holdings Corp., respectively.

May 6, 2015

Bangko Mabuhay (A Rural Bank), Inc. is the name of the rural bank formed from the merger of Rural Bank of Tanza (Cavite), Inc., also known as Bangko Mabuhay, and the Rural Bank of Teresa (Rizal). Bangko Mabuhay started operating as a consolidated rural bank on April 1, 2015.

April 21, 2015

Bank of Makati (A Rural Bank) Inc. is now a Thrift Bank.
Its new name is Bank of Makati (A Savings Bank) Inc.
It started operating as a thrift bank on April 15, 2015.

March 29, 2015
BDO Unibank Inc. has announced that its acquisition of One Network Bank, the biggest rural bank in the country, has been approved by the BSP. One Network Bank will continue to operate as an independent company.

March 19, 2015

The House bill to authorize the merger of the Development Bank of the Philippines (DBP) and LandBank has been approved by the House Committee on Banks and Financial Intermediaries. LandBank was proposed to be the surviving entity.


January 30, 2015

The corporate name Allied Savings Bank has been changed to PNB Savings Bank.
Name change was authorized by the BSP on August 8, 2014.

Top Banks in the Philippines, by Assets, Dec 2014

April 26, 2015, 5:19 am

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Here are the top commercial/universal banks in the Philippines, based on total assets as of December 2014.

There are now four trillionaire Philippine banks -- BDO, Metrobank, BPI and Landbank. 
Landbank joined BDO, Metrobank and BPI in their 4-member-only trillionaire club in December 2014.

Which bank will be the next trillionaire? And when?

BDO first surpassed the one-trillion-peso-asset mark in June 2011.
Metrobank did in September 2013.
BPI did in June 2014.
Landbank did in December 2014.

PNB moved up to No. 5 in March 2013, after completing its merger with sister company Allied Bank in February 2013.
Allied Savings Bank is now PNB Savings Bank.

TOP 17 Banks -- Banks with Over One Hundred Billion in Total Assets

RANK	BANK	ASSETS in	RANK
DEC 2014		BILLION PESOS	SEP 2014
1	BDO	1,812.864	1
2	METROBANK	1,336.097	2
3	BPI	1,195.855	3
4	LANDBANK	1,051.127	4
5	PNB	578.449	5
6	DBP	475.359	6
7	CHINABANK	407.184	7
8	UNION BANK	389.335	10
9	SECURITY BANK	387.429	9
10	RCBC	385.528	8
11	CITIBANK	295.137	11
12	UCPB	257.211	12
13	HSBC	199.614	13
14	EASTWEST	184.201	14
15	BANCOM	139.128	15
16	PHILTRUST	126.277	16
17	AUB	122.843	17
No. 18 to No. 33
18	MAYBANK	78.120	19
19	PBCOM	72.086	20
20	STANDARD CHARTERED	64.818	18
21	BANK of TOKYO	55.716	23
22	VETERANS	55.345	24
23	JP MORGAN CHASE	54.215	22
24	ANZ	54.017	21
25	DEUTSCHE BANK	48.671	25
26	ROBINSONS BANK	47.848	26
27	BDO PRIVATE	38.878	27
28	ING BANK	35.362	29
29	MIZUHO	32.484	28
30	CTBC	27.373	30
31	BANK OF CHINA	17.455	31
32	BANK OF AMERICA	15.219	32
33	MEGA ICB	11.861	33
No. 34 to No. 36
34	KOREA EXCHANGE	7.958	34
35	BANGKOK BANK	7.862	35
36	AL-AMANAH	0.703	36

If the proposed merger of Landbank and DBP gets the approval of legislators and the President, with Landbank as the surviving entity, then Landbank becomes the Second Biggest Bank in terms of assets.
I saw an article here that opposes the merger: LBP-DBP merger an unsound move, by Rudy Romero

Top banks in the Philippines, by assets as of December 2014

57 Founding Members of China-led Bank -- Asian Infrastructure Investment Bank (AIIB)

June 1, 2015, 11:51 pm

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The China-led bank Asian Infrastructure Investment Bank (AIIB) is a regional development bank that will help finance infrastructure development and improvement in Asia.

AIIB is seen by many as a competitor to the United States-headquartered World Bank and the Japan- and U.S.-led Asia Development Bank (ADB).

The AIIB will be headquartered in Beijing, China.

The 57 founding members of AIIB are the following:

1     Australia
2     Austria
3     Azerbaijan
4     Bangladesh
5     Brazil
6     Brunei
7     Cambodia
8     China
9     Denmark
10   Egypt
11   Finland
12   France
13   Georgia
14   Germany
15   Iceland
16   India
17   Indonesia
18   Iran
19   Israel
20   Italy
21   Jordan
22   Kazakhstan
23   Kuwait
24   Kyrgyzstan
25   Lao People's Democratic Republic (PDR) or Laos
26   Luxembourg
27   Malaysia
28   Maldives
29   Malta
30   Mongolia
31   Myanmar
32   Nepal
33   Netherlands
34   New Zealand
35   Norway
36   Oman
37   Pakistan
38   Philippines
39   Poland
40   Portugal
41   Qatar
42   Republic of Korea
43   Russia
44   Saudi Arabia
45   Singapore
46   South Africa
47   Spain
48   Sri Lanka
49   Sweden
50   Switzerland
51   Tajikistan
52   Thailand
53   Turkey
54   United Arab Emirates (UAE)
55   United Kingdom
56   Uzbekistan
57   Vietnam

The United States and Japan have not applied to join AIIB. Taiwan is not among the founding members, but it is expected to be a member later on.

All the 10 members of the Association of Southeast Asian Nations (ASEAN) are founding members.

The 10 ASEAN members are:

1   Brunei Darussalam

2   Cambodia

3   Indonesia

4   Lao PDR

5   Malaysia

6   Myanmar

7   Philippines

8   Singapore

9   Thailand

10  Vietnam

AIIB Headquarters:

The 8th Floor, North Tower, Financial Street Center, 9 

Financial Street, Xicheng District, Beijing, China

Website: aiibank.org

BDO Remittance Partners in Toronto, Ontario, Canada

June 10, 2015, 2:28 am

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Send money from Toronto, Canada to the Philippines through BDO Remittance Partners in Toronto, Ontario, Canada:

BDO Remit (Canada) Ltd. 
333 Bay Street, 3400
Toronto, Ontario M5H2S7
Canada

BDO Remittance Partners in Toronto:

Atin Ito Variety Bakery and Remittance Ltd. 
938 Pape Ave. Toronto, Ontario
Canada M4K3V2

First Global Data Corp. 
555 Richmond St., West
PO Box 214 Suite 905
Toronto, Ontario MSV3B1
Canada

LDV Express Inc. 
6330 Yonge St., Unit 120 Centerpoint Mall
North York, Ontario Canada M2M 3X4

Luminus Financial Services & Credit Union Ltd. 
1 Yonge St., Suite 200
Toronto, ON M5E 1E5

Mabini Express 
4841 Yonge St.
Unit 133 Sheppard Center Mall
Toronto, Ontario M2N 5X2

Mercury Mercantile Technologies Inc. 
8 King St., East, Suite 1200
Toronto, Ontario, Canada M5C 1B5

You can also send money from Canada to the Philippines through the following
international money transfer companies which are remittance partners of BDO:

MoneyGram
Sigue Money Transfer
Xpress Money (Xpress Money Services Ltd.)
Uniteller
New York Bay Philippines / TransFast
UAE Exchange Centre
Xoom  (if you have a U.S. bank account or a U.S.-issued credit card)

List of BDO Remittance Partners in Vancouver, British Columbia, Canada

BDO Remittance Partners in Ontario, Canada

June 10, 2015, 3:20 pm

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You can send money from Ontario, Canada to the Philippines through these BDO Remittance Partners in Ontario, Canada:

Reliable Peso Remit 
4132 Bathurst St.
North York Ontario M3H 3P2
Canada

Wall Street Finance (Canada) Ltd. 
113 Dundas St., East, Mississauga
Ontario, L5A-1W7 Canada

Gemini Exchange International 
Gemini Worldwide Inc.
23 Glen Watford Drive, Unit 31 Dragon Centre
Scarborough, Ontario
Canada

For TORONTO, here's a list of
BDO Remittance Partners in Toronto, Ontario, Canada

If you're far from these remittance companies, you can also send money to the Philippines through these international money transfer companies which are partners of BDO:

MoneyGram
Xpress Money (Xpress Money Services Ltd.)
Uniteller
Sigue Money Transfer
New York Bay Philippines / TransFast
UAE Exchange Centre
Xoom

BDO Remittance Partners in VANCOUVER, British Columbia, Canada 
Where to Send Money from Quebec, Canada 

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Send Money from Quebec, Canada to the Philippines

June 10, 2015, 5:28 pm

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You can send money from Quebec, Canada to the Philippines through these remittance companies in Quebec:

BDO Remittance Partner:
Kabayan Remittance Inc. 
4731 Avenue Van Horne
Montreal, Quebec H3W1H8
Canada


RCBC Remittance Partner:
Argab Remit Inc.
6600 Trans-Canada Highway
Suite 750, Pointe-Claire
Quebec, H9R 4S2
Canada
Phone: +5149072662
Fax: +5149072665
Email: aref@rizalremit.com
            aref@argabremit.com
Contact Persons:
Mr. Aref Chamli – CEO
Mr. Jabra Jabbour - Director


Authorized Agents of PNB Global Remit
PNB Remittance Co. Canada (PNBRCC):

Rosemarie Sison 
214 Rue Andras Dollard Des Ormeaux
Quebec H9B1R6
Phone: 514-808-0122

Ed Vasquez 
Festival Philippines Boulangerie
5889 Victoria Avenue
Montreal Quebec H3W 2R8
Phone: 514-341-7441

PNB Remittance Co. Canada 

(PNBRCC is a subsidiary of PNB)

Headquarters:

Unit 104, 3050 Confederation Parkway

Mississauga, Ontario L5B 3Z6

Phones: (905) 896-9743

        (905) 896-4840

        (905) 897-9600 

Email: pnbremittance@pnbrcc.com

       info@pnbrcc.com

INTERNATIONAL MONEY TRANSFER COMPANIES

BDO Remittance Partners:
MoneyGram
Sigue Money Transfer
Xpress Money (Xpress Money Services Ltd.)
Uniteller
New York Bay Philippines / TransFast
UAE Exchange Centre
Xoom

BPI Remittance Partners:
NTrust
You can send money online to the Philippines
through www.ntrust.com
if you have an account with:

Bank of Montreal
CIBC Bank
Royal Bank of Canada
Scotia Bank
Toronto-Dominion Bank
and most credit Unions in Canada

Lucky Money Inc.
You can send money online to the Philippines
through www.luckymoney.com
if you have a U.S. bank account

BDO Remittance Partners in Toronto
BDO Remittance Partners in Vancouver
BDO Remittance Partners in Ontario (North York, Mississauga and Scarborough)

Top 36 Savings Banks in the Philippines, Dec 2014

June 10, 2015, 9:37 pm

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Here are the TOP SAVINGS BANKS in the Philippines, based on Total Assets as of December 2014.

RANK	BANK	ASSETS	RANK
DEC		BILLION	SEP
2014		PESOS	2014
1.	BPI Family	241.083	1
2.	PSBank	144.487	2
3.	RCBC Savings	81.099	3
4.	Philippine Business	58.131	4
5.	City Savings	56.273	5
6.	Planters Development	46.586	6
7.	Sterling Bank	33.916	7
8.	HSBC Savings	24.407	8
9.	China Bank Savings	21.190	9
10.	Allied Savings	20.901	10
11.	UCPB Savings	13.390	11
12.	BPI Direct Savings	13.345	12
13.	First Consolidated	13.105	13
14.	Security Bank Savings	11.083	14
15.	Producers Savings	10.504	17
16.	PR Savings	10.468	15
17.	Philippine Postal	9.152	16
18.	Equicom Savings	7.066	18
19.	1st Valley Bank	6.767	19
20.	Wealth Development	6.280	21
21.	Malayan Bank Savings	6.251	20
22.	Luzon Development	4.813	22
23.	Penbank	2.728	26
24.	United Overseas	2.350	24
25.	Enterprise Bank	2.217	27
26.	Legazpi Savings	2.161	25
27.	Queen City Development	1.792	28
28.	CARD SME Bank	1.675	31
29.	Optimum Development	1.591	30
30.	ComSavings Bank	1.574	29
31.	Hiyas Banking	1.390	32
32.	Bank One Savings	1.378	33
33.	Century Savings	1.298	34
34.	Dumaguete City Development	1.226	36
35.	TongYang Savings	1.191	35
36.	Isla Bank	1.157	37

Should be 38 Banks...
The following 2 banks are not in the list above, most likely due to report submission issues:
.  Citystate Savings was No. 27 in the September 2014 ranking, with 3.783 billion in total assets
.  BPI Globe Banko was No. 35 in the June 2014 ranking, with 1,235 billion in total assets

Ranking of Smaller Savings Banks (Nos. 39 to 66)

Top Thrift Banks in the Philippines

Ranking of Smaller Savings Banks in the Philippines, by Assets Dec 2014

June 11, 2015, 7:57 am

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Here's a ranking of the smaller savings banks in the Philippines, based on assets as of December 2014. These are banks with less than 1 billion in total assets.

The ranking for the bigger savings banks is here: Top 38 Savings Banks, by assets as of December 2014.

The following banks are savings banks with less than 1 billion in total assets as of December 2014.

RANK	BANK	ASSETS
DEC		in MILLION
2014		PESOS
39	World Partners Bank	947
40	Merchants Savings and Loan Assn	860
41	BDO Elite Savings Bank	805
42	University Savings Bank	703
43	Farmers Savings and Loan Bank	629
44	Sun Savings Bank	550
45	Village Bank	502
46	Opportunity Kauswagan Bank	469
47	Northpoint Development Bank	429
48	Cordillera Savings Bank	392
49	Palawan Bank	381
50	Bataan Development Bank	347
51	Pampanga Development Bank	328
52	Tower Development Bank	302
53	Business and Consumers Bank	285
54	Life Savings Bank	267
55	Bataan Savings and Loan Bank	261
56	Metro Cebu Public Savings Bank	214
57	Lemery Savings and Loan Bank	205
58	Inter-Asia Development Bank	179
59	Maritime Savings Bank	171
60	Dungganon Bank	169
61	Pacific Savings Bank	172
62	Phil Star Development Bank	124
63	Malasiqui Progressive Savings and Loan Bank	117
64	Progress Savings and Loan Bank	108
65	Quezon Coconut Bank	101
66	Sampaguita Savings Bank	80

NOTES: 
.  Pride Star Development Bank changed its name to Phil Star Development Bank after getting BSP approval on February 26, 2014.
.  Microfinance Maximum Savings Bank, also known as MaxBank, with main branch in Puerto Galera, Oriental Mindorom, and 3 other branches in Batangas City, Calapan City and Makati City, ranked No. 67 in March 2014, with 112 million pesos in total assets. It's not in the list above, most likely due to report submission issues.

Send Money ONLINE from US to Philippines

June 22, 2015, 7:52 am

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You can send money ONLINE from the U.S. to the Philippines if you have:

• a US bank account
• a US debit card or 
• a US credit card.

Just go to the websites of these global remittance companies, register, choose their SEND option,
enter required data, and send money.

Money transfer fees will depend on the:

•  amount of money you send
•  source of money
•  whether money will be received in the Philippines in peso or US dollars 
•  speed of transfer, if there is a choice

Maximum remittance amount from a US bank account through these online remittance companies is $2,999 per transaction to $9,999 per month.

For amounts higher than the regular maximum limits,  you will need to provide your IDs, address, and proof of source of funds.

1. XOOM
Website: xoom.com

This is probably the best online remittance service for money sent from the U.S. to the Philippines. This Xoom is the one used by my US employer to pay my monthly salary. At the first minute of the 28th day, I get an email from Xoom giving me my Xoom reference code and remittance amount. I go to BDO or Metrobank and get my US dollars over the counter.

Remittance Fees:
To remit $1,000 to be received in US dollars, pay a remittance fee of $7.99, if you pay by bank account. Pay $25.99 if you pay by credit card or debit card.

If your $1,000 will be received in Philippine peso, the remittance fee is $4.99 if paid by  bank account. Fee is $7.99 if paid by credit card or debit card.

2.  PHILIPPINE NATIONAL BANK (PNB)
Website: pnbwebremit.com

Send from your US bank account.

Remittance fee is $6.98 for sending $51 to $400.99 that will be received in dollars
Remittance fee is $7.48 for sending $401 to $900.99 that will be received in dollars
Remittance fee ranges from $8.98 to $14.98 for sending $901 to $2,999.99 that will be received in
dollars

3. LUCKY MONEY
Website: luckymoney.com

For repeat customers with verified bank accounts, online money transfer is completed in minutes.
For new customers, a one-time bank account verification is done, and might take 1 to 2 days for the first bank-funded money transfer.

Sample remittance fee for US1,000 to be received in US dollars:
If sent from bank account, the remittance fee is $16
If sent from credit card, the remittance fee is $39

4.  RIA FINANCIAL SERVICES
Website: riamoneytransfer.com

Your remittance will be converted into Philippine peso.
Your remittance fee for $1,000, funded from your bank account, is only $3, but your remittance will be converted to Philippine peso.

5.  REMITLY
Website: remitly.com/philippines

You can use Remitly if you live in the U.S., except in the states of
Money transfer is faster if you use your debit card. Using your credit card costs more than using your bank account or your debit card.

6. WELLS FARGO
Website: wellsfargo.com/international-remittances/asia

You need to have an account with Wells Fargo.
You need to send your first remittance in person at your Wells Fargo branch, or through
your Wells Fargo Phone Bank account.

Your remittance in US dollars will be received by your recipient in peso.

The remittance fee for $1,000 is $5, and the amount to be issued to your recipient is 44,237.30.
Today, June 21, 2015, the exchange rate used is 1 USD = 44.2373 pesos; the exchange rate on
nailasmoneychanger.com is 1 USD = 45 pesos.

The remittance maximum limit per day through banks is $3,000.
Maximum per day through Cebuana or MLhuillier is $1,000

Remittance partners of Wells Fargo:
Bank of the Philippine Islands
BDO Unibank
Metrobank
Philippine National Bank
Cebuana Lhuillier
MLhuillier

7.  TRANSFAST
Website: transfast.com

It claims that its exchange rate is higher than the rate of other remittance companies.

8.  UNITELLER
Website: uniteller.com

Your remittance fee can be as low as $3.99, depending on remittance amount, and type of delivery.

9.  WESTERN UNION
Website: westernunion.com/us

Western Union advises you to use your debit card instead of your credit card to fund your remittance to avoid credit card cash advance and interest charges.
This online service is not available in Arizona and some parts of California, Texas and New Mexico.

Apply for your own
DISCOVER CREDIT CARD -- the best in Customer Satisfaction in 2014 in the U.S., based on a survey by J.D. Power.

BPI Correspondent Banks in Vietnam - Send Money to Philippines

July 2, 2015, 6:51 pm

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You can send money from Vietnam to the Philippines through these BPI correspondent banks in Vietnam:

An Binh Commercial Joint Stock Bank
ANZ Bank (Vietnam) Ltd.
Asia Commercial Bank
The Bank of Tokyo-Mitsubishi UFJ
Citibank NA
Chinatrust Commercial Bank
Industrial Bank of Korea
Joint Stock Commercial Bank for Foreign  Trade of Vietnam
JPMorgan Chase Bank NA
Mizuho Corporate Bank Ltd.
Saigon Thuong Tin Commercial Joint Stock Bank
Vietnam Export Import Commercial
Vietnam Joint Stock Commercial Bank
Vietnam Technological and Commercial Joint Stock Bank

How to Send Money to the Philippines through a BPI Correspondent Bank in Vietnam:

1. Go to any of the BPI correspondent banks listed above.
   Bring your IDs. If you're sending a lot of money, bring your job contract or any document showing  your source of income, in case the bank asks for income documents.

2. Request to send money through wire transfer or telegraphic transfer

3. Fill up the bank's wire transfer form:

   These are the basic data items required:
   . Name of Recipient in the Philippines
   . Write BPI or BPI Family Bank and Branch Location
   . Recipient's Bank Account Number

   . BPI Swift Address is BOPIPHMM
   . BPI Family Bank Swift address is the same: BOPIPHMM

 Make sure you write recipient's name as written in recipient's bank account


Metrobank Correspondent Banks in Vietnam 
PNB Correspondent Banks in Vietnam