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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.
Philippine National Bank (PNB) 1,166,556.44: 8 Development Bank of the Philippines (DBP) 1,042,129.41: 9 Union Bank of the Philippines (Unionbank) 961,584.41: 10 Security Bank Corporation (Security Bank) 878,563.32: 11 East West Banking Corporation (EastWest Bank) 403,810.69: 12 Asia United Bank Corporation (AUB) 336,454.99: 13 Citibank ...
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 ...
East West Bancorp, Inc. East West Bank ( traditional Chinese: 華美銀行; simplified Chinese: 华美银行; pinyin: Huáměi Yínháng ), the primary subsidiary of East West Bancorp, Inc., is the largest publicly traded bank headquartered in Southern California, United States. It was founded in 1973 in Los Angeles to serve the Chinese ...
Established in 2013 when EastWest Banking Corporation acquired FinMan Bank, Inc., a 16-year-old Pasig-based rural bank and Green Bank, Inc. (also known as Green Bank of Caraga), a 46-branch rural bank based in Butuan City. Before its acquisition, it was the largest rural bank in Caraga Region in terms of assets. Its headquarters is located in ...
CIMB Bank - is a Malaysian-based universal bank that has 1,080 branches throughout Southeast Asia. It has various entities in the region, including CIMB Bank Philippines. CIMB Bank Philippines was established in December 2018 and officially launched in 2019 as an all-digital banking presence. Its mobile app is called OCTO and users are able to ...
BancNet. BancNet (also spelled Bancnet) is a Philippine-based interbank network connecting the ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of member banks and annual transactions. [citation needed] Due to its status as the country's single ATM switch operator, it ...
It also competes with major banks, such as Metrobank, BPI, Equitable PCI Bank, Land Bank of the Philippines and Philippine National Bank. PBCom's headquarters was also home to the headquarters of a competitor bank, EastWest Bank, who utilised the 20th and 21st floors of the PBCom Tower. See also. Banks portal; List of banks in the Philippines