Lima, Camille Jane L.

3-FM5

Prof. Cesar Cruel

MW 4:00-5:30 pm

TYPES OF BANK
1. Commercial Bank
A Commercial bank is a type of Bank / Financial Institution that provides services such as
accepting deposits, making business loans, and offering basic investment products.
"Commercial bank" can also refer to a bank, or a division of a large bank, which more
specifically deals with deposit and loan services provided to corporations or
large/middle-sized business - as opposed to individual members of the public/small
business -Retail banking, or Merchant banks.
Role of Commercial banks
The general role of commercial banks is to provide financial services to general public
and business, ensuring economic and social stability and sustainable growth of the
economy.
In this respect, "credit creation" is the most significant function of commercial banks.
While sanctioning a loan to a customer, they do not provide cash to the borrower.
Instead, they open a deposit account from which the borrower can withdraw. In other
words, while sanctioning a loan, they automatically create deposits, known as a "credit
creation from commercial banks".
Commercial Banks are smaller than Universal Banks in terms of scope of business
activities.
Commercial Banks can offer various banking services, but they cannot engage in the
activities of investment houses or investment banks such as underwriting of securities.
Universal Banks can offer commercial banking, securities underwriting and other
investment banking services.
Alphabetical Listing of 19 Commercial Banks, without addresses
1. Bangkok Bank Public Co. Ltd.
2. Bank of America, N.A.
3. Bank of China Limited - Manila Branch
4. Bank of Commerce
5. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
6. BDO Private Bank, Inc.
7. Cathay United Bank Co., Ltd. - Manila Branch
8. Citibank, N.A.
9. CTBC Bank (Philippines) Corporation
10. Industrial Bank of Korea - Manila Branch
11. JP Morgan Chase Bank, N.A.
12. Korea Exchange Bank
13. Maybank Philippines, Inc.
14. Mega International Commercial Bank Co., Ltd.
15. Philippine Bank of Communications
16. Philippine Veterans Bank
17. Robinsons Bank Corporation
18. Shinhan Bank - Manila Branch
19. Sumitomo Mitsui Banking Corporation - Manila Branch

1.1 Universal Banks have a wider scope of activities than Commercial Banks.
In addition to commercial banking activities, universal banks are authorized to:
- engage in underwriting
- and in other activities of investment houses
- and to invest in equities of non-allied institutions.
Alphabetical List of Universal Banks in the Philippines
1. Al-Amanah Islamic Investment Bank of the Philippines
2. ANZ Banking Group Ltd.
3. Asia United Bank Corporation
4. Bank of the Philippine Islands
5. BDO Unibank, Inc.
6. China Banking Corporation
7. Deutsche Bank AG
8. Development Bank of the Philippines
9. East West Banking Corporation
10. The Hongkong & Shanghai Banking Corporation
11. Internationale Nederlanden Groep Bank N.V.
- Manila Branch
12. Land Bank of the Philippines
13. Metropolitan Bank & Trust Company
14. Mizuho Bank, Ltd. - Manila Branch
15. Philippine National Bank
16. Philippine Trust Company
17. Rizal Commercial Banking Corporation
18. Security Bank Corporation
19. Standard Chartered Bank
20. Union Bank of the Philippines
21. United Coconut Planters Bank

2.Thrift Bank

A financial institution focusing on taking deposits and originating home

mortgages. Thrift banks often have access to low-cost funding from Federal Home Loan
Banks, which allows for higher savings account yields to customers and increased
liquidity for mortgage loans.
Also known as "savings and loan associations".
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 Derrick Low, thrift
banks are generally smaller in scale than universal and commercial banks.

2.1 Savings and Mortgage Bank

A saving bank is a usual bank which offers you al the facilities of a normal Baking
Arena, whereas a Mortgage Bank is a bank which specializes in Mortgage Plans.
2.2 Private Development

The label development bank attaches to a group of national financial

institutions, in developing countries, that vary widely in size, source of funds, and scope

of activity. Essentially, a development bank is a vehicle for mobilizing and channeling

medium- and long-term capital into the productive sector of the economy; most are also
a source of entrepreneurship and technical assistance. Some development banks
create and finance public enterprises or plan or carry out national development
programs, but these are the exception; typically, the term development bank describes
an institution created to encourage the growth of the private sector.

2.3 Stock Savings and Loan Association

A corporation which issues capital and deals with the public or engages in the business
of accumulating the savings of its stockholders and using accumulations, together with
their capital for loans and/or investment in the securities of productive enterprises or in
the securities of government
List of Thrift Bank In the Philippines
(as of Novermber 13, 2015)
1 Bank One Savings and Trust Corp., Manila
2 Bataan Development Bank, Bataan
3 Bataan Savings and Loan Bank, Bataan
4 BDO Elite Savings Bank, Makati
5 BPI Direct Savings Bank, Makati
6 BPI Family Savings Bank, Makati
7 BPI Globe BanKo, A Savings Bank, San Juan City
8 Business and Consumers Bank, Iloilo City
9 Card SME Bank, A Thrift Bank, San Pablo City
10 Century Savings Bank Corp., Pasig City
11 China Bank Savings, Makati
12 Citibank Savings, Quezon City
13 City Savings Bank, Cebu City
14 Citystate Savings Bank, Pasig City
15 Comsavings Bank, Pasig City
16 Cordillera Savings Bank, Nueva Vizcaya
17 Dumaguete City Development Bank, Dumaguete City
18 Dungganon Bank, Negros Occidental
19 Equicom Savings Bank, Makati
20 Farmers Savings and Loan Bank, Bulacan
21 First Consolidated Bank, Tagbilaran City
22 Hiyas Banking Corporation, Bulacan
23 HSBC Savings Bank Phils, Makati
24 Iloilo City Development Bank, Iloilo City
25 Inter-Asia Development Bank, Tagaytay City
26 Isla Bank, A Thrift Bank, Makati
27 Legazpi Savings Bank, Legazpi City
28 Lemery Savings and Loan Bank, Batangas
29 Life Savings Bank, Cainta
30 Luzon Development Bank, Laguna
31 Malasiqui Progressive Savings and Loan Bank, Pangasinan
32 Malayan Bank Savings and Mortgage Bank, Makati
33 Maritime Savings Bank Corp., Cavite
34 Merchants Savings and Loan Association, Davao City
35 Metro-Cebu Public Savings Bank, Cebu

36 Microfinance Maximum Savings Bank, Oriental Mindoro

37 Northpoint Development Bank, Laguna
38 Opportunity Kauswagan Bank, Iloilo City
39 Optimum Development Bank, Mandaluyong
40 Pacific Ace Savings Bank, Olongapo City
41 The Palawan Bank, Palawan
42 Pampanga Development Bank, Pampanga
43 Penbank, A Private Development Bank, General Santos City
44 Philippine Business Bank, A Savings Bank Caloocan City
45 Philippine Postal Savings Bank, Manila
46 Philippine Resources Savings Banking Corp., Isabela
47 Philippine Savings Bank, Makati
48 Planters Development Bank, Makati
49 Savings Bank, Makati (formerly Allied Savings Bank)
50 Pride Star Development Bank, Batangas City
51 Producers Savings Bank Corporation, Pasig City
52 Progress Savings and Loan Bank, Zambales
53 Queen City Development Bank, A Thrift Bank, Iloilo City
54 Quezon Coconut Bank, A Thrift Bank, Lucena City
55 RCBC Savings Bank, Inc., Pasig City
56 The Real Bank, A Thrift Bank, Quezon City
57 Sampaguita Savings Bank, Laguna
58 Security Bank Savings Corp., Makati
59 Silangan Savings and Loan Bank, Cavite
60 Sterling Bank of Asia, A Savings Bank, San Juan City
61 Sun Savings Bank, Cebu
62 Tower Development Bank, Bulacan
63 UCPB Savings Bank, Makati
64 United Overseas Bank Philippines, Makati
65 University Savings Bank, Manila
66 Village Bank, A Thrift Bank, Bataan
67 Wealth Development Bank Corporation, Cebu City
68 World Partners Bank, A Thrift Bank, Laguna
69 Enterprise Bank, A Thrift Bank, Surigao del Sur

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.

LIST OF RURAL BANK IN THE PHILIPPINES

We have 161 rural & cooperative bank in the Philippines.