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Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Unibank, Inc. 4,375,916.74: 2 Metropolitan Bank and Trust Company (Metrobank)
BPI Escolta Sta. Cruz branch at Plaza Santa Cruz, Manila which occupies the Don Roman Santos Building, former head office of Prudential Bank. The Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas; Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is a universal bank in the Philippines.
A Chinabank branch in Apalit, Pampanga A Chinabank branch at SM City Cebu. Chinabank has been involved in strategic alliances to expand and strengthen its operations. In 2007, it entered into a Bancassurance joint venture with the Manulife, one of the leading insurance companies in the world, to form Manulife China Bank Life Assurance Corporation (MCBLife), [7] and acquired the majority shares ...
Globe Telecom has also pledged assistance to the central bank on its investigation. [12] On December 14, BDO announced that it is reimbursing funds of around 700 account holders. [13] It was reported that BDO is requiring victims to sign a quitclaim before reimbursing their lost money, in exchange of not filing legal charges against the bank.
The company was launched in December 2000 as Smart Money powered by Smart e-Money, Inc., in cooperation with 1st e-Bank (formerly PDCP Bank; now BDO Unibank) and Mastercard. It was claimed that it was the world’s first card linked to a wireless phone and was marketed by Smart Communications as one of the biggest innovations in finance.
SM Investments is the operator of Banco de Oro (BDO) and owner of Chinabank. In 2006, Sy bought the remaining 66% of Equitable PCI Bank, the Philippines' third largest lender, and merged it into BDO the following year. The transaction turned BDO into the second largest financial company in the country. [13]
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