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In 2020, East West Banking Corporation (EWBC) was one of the few local banks in the Philippines that was granted a license by the Bangko Sentral ng Pilipinas (BSP) to launch a fully-digital bank which will operate under its wholly-owned subsidiary, EastWest Rural Bank, Inc. The new digital banking arm of EastWest will carry the brand name, Komo.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Network Bank, Inc. 87,679.80: 2 EastWest Rural Bank, Inc. (EWRB) 24,282.73
East West Bank became a state-chartered commercial bank on July 31, 1995. In 1999, the company acquired First Central Bank for $13.5 million in cash. In August 2004, the company acquired Trust Bank, a Chinese American bank based in Monterey Park, California, with four branches and $235 million in assets, for $32.9 million.
Within its first month of operations, Tonik was able to secure PHP 1 billion in customer deposits. UnionDigital Bank - It is a wholly-owned subsidiary of Unionbank (Philippines), a universal bank in the Philippines primarily partnered with the Aboitiz Group, Insular Life, and the Philippines' Social Security System, to operate as a digital bank ...
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, there were forty-five (45) universal and commercial banks, forty-four (44) savings banks, four hundred (400) rural and cooperative banks, forty (40) credit unions and 6,267 non-banks with quasi-banking functions ...
Its headquarters is at The Beaufort, the flagship luxury condominium project of Filinvest Development Corporation in Bonifacio Global City with extension offices at PBCom Tower Makati (Call Center Division), Hanston Building (Customer Care), and Pasong Tamo Extension (formerly the country head office of Levi's Philippines). EastWest Rural Bank ...
Metropolitan Bank & Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened its first provincial branch in Davao. In the early 1970s, Metrobank opened its first ...
The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation ( RCBC ).