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Asia United Bank
Asia United Bank Corporation (AUB) is among the very few banks that was granted a full-branch commercial bank license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and acquired universal banking status. AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines. AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status. In 2013, the bank was granted an authority to operate as a universal bank under MB Resolution No. 356 dated February 28, 2013. The universal banking license aut ...
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Antipolo
Antipolo, officially known as the City of Antipolo ( fil, Lungsod ng Antipolo), is a 1st class component city and capital of the province of Rizal, Philippines. According to the 2020 census, it has a population of 887,399 people. It is the most populous city in the Calabarzon region, and the seventh most-populous city in the Philippines. Antipolo was converted from a municipality into a component city of Rizal Province on April 4, 1998, under Republic Act No. 8508. A new provincial capitol building was inaugurated in the city in March 2009 to replace the old capitol in Pasig, which has long been outside the jurisdiction of Rizal Province, since Pasig was included in Metro Manila in 1975. With the transfer of the provincial government to Antipolo, it is highly favored to be officially designated as the new capital of the province. On March 14, 2011, Antipolo was declared according to Proclamation No. 124 s. 2011 a ''highly-urbanized city'' by then President Benigno S. Aquino; ...
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Rizal (province)
Rizal, officially the Province of Rizal ( fil, Lalawigan ng Rizal), is a province in the Philippines located in the Calabarzon region in Luzon. Its capital is the city of Antipolo. It is about east of Manila. The province is named after José Rizal, one of the main national heroes of the Philippines. Rizal is bordered by Metro Manila to the west, Bulacan to the north, Quezon to the east and Laguna to the southeast. The province also lies on the northern shores of Laguna de Bay, the largest lake in the country. Rizal is a mountainous province perched on the western slopes of the southern portion of the Sierra Madre mountain range. Pasig served as its capital until 2008, even it became a part of the newly created National Capital Region since November 7, 1975. A provincial capitol has been in Antipolo since 2009, making it the administrative center. On June 19, 2020, President Rodrigo Duterte signed Republic Act No. 11475, which designated Antipolo as the capital of Rizal. The cha ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Joy-Nostalg Center
The Joy-Nostalg Center (styled Joy~Nostalg Center), is a mixed-use office and serviced apartment in Ortigas Center, Pasig, Philippines. It houses the headquarters of local and multinational companies while the five-star serviced apartment is operated by AccorHotels, formerly Oakwood Premier. The building is developed and owned by Quantuvis Resources Corporation. Architecture The Joy-Nostalg Center was conceptualized and master-planned by Architects Esteban Y. Tan and Gavino L. Tan Partners, while interior design specifics were designed conceptually by Lee Designs (the Interior Design firm of C.Y. Lee & Partners) and executed by Leandro V. Locsin & Partners with the hotel/serviced apartments guided by Oakwood Technical Group from Singapore. The façade and interior design concepts were made in collaboration with the Taiwan-based architectural group of C.Y. Lee & Partners, responsible for the concept behind the former tallest building in the world, the Taipei 101 Taipei 101 (; ...
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ADB Avenue
Asian Development Bank Avenue, commonly referred to as simply ADB Avenue, is a short north–south thoroughfare in Ortigas Center, eastern Metro Manila, Philippines. It is an eight-lane divided road connecting Ortigas Avenue in the north to Julia Vargas Avenue in the south. It was formerly part of San Miguel Avenue, named after food and beverage giant San Miguel Corporation that is headquartered on the junction with Julia Vargas. This section of San Miguel Ave. from Julia Vargas to Ortigas Ave. was renamed in 1991 after the Asian Development Bank moved from its old building on Roxas Boulevard (now occupied by the Department of Foreign Affairs) to its present 6.5-hectare headquarters on the avenue's junction with Guadix Drive.Executive Order No. 466, s. 1991
published by the Official Gazette of the Repub ...
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Ortigas Center
Ortigas Center is a central business district located within the joint boundaries of Pasig, Mandaluyong and Quezon City, within the Metro Manila region in the Philippines. With an area of more than , it is Metro Manila's second most important business district after the Makati CBD. It is governed by Ortigas Center Association, Inc. Ortigas Center is home to many shopping malls, office and condominium skyscrapers, nightlife bars, restaurants and other building complexes. These include the St. Francis Square, the Asian Development Bank compound, the Oakwood Premier serviced apartments and a Shangri-La hotel. It is also the headquarters of San Miguel Corporation, Jollibee Foods Corporation, Viva Communications, Century Pacific Food, the Philippine branch of HSBC, Republic Biscuit Corporation (Rebisco), and Robinsons Galleria. Also present in the area are Philippine offices of prominent engineering firms such as Parsons Brinckerhoff, Sinclair Knight Merz, and WSP Group. It also home ...
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Pasig
Pasig, officially the City of Pasig ( fil, Lungsod ng Pasig), is a 1st class highly urbanized city in the National Capital Region of the Philippines. According to the 2020 census, it has a population of 803,159 people. It is located along the eastern border of Metro Manila with Rizal province, the city shares its name with the Pasig River. A formerly rural settlement, Pasig is primarily residential and industrial, but has been becoming increasingly commercial in recent years, particularly after the construction of the Ortigas Center business district in its west. The city is home to the Roman Catholic Diocese of Pasig, based in Pasig Cathedral, a landmark built around the same time as the town's foundation in 1573. Pasig was formerly part of Rizal province before the formation of Metro Manila, the national capital region of the country. The seat of government of Rizal was hosted in Pasig at the old Rizal Provincial Capitol until a new capitol was opened in Antipolo, within R ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Philippine Peso
The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called centavos. The Philippine peso sign is denoted by the symbol "₱", introduced under American rule in place of the original peso sign "$" used throughout Spanish America. Alternative symbols used are "PHP", "PhP", "Php", or just "P". The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993, as its central bank. It produces the country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac."Overview of the BSP"
Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on October 1, ...
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List Of Banks In The Philippines
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 October 17, 2017, there were 36 universal and commercial banks, 57 savings banks, 492 rural banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000. On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines. List Universal and commercial ba ...
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BancNet
BancNet (also spelled Bancnet) is a Philippine-based interbank network connecting the Automated teller machine, 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. Due to its status as the country's single ATM switch operator, it is designated by the Bangko Sentral ng Pilipinas (BSP) as the country's national ATM network. BancNet is also the exclusive gateway of China's UnionPay, allowing access to the nearly 1 billion ATM cardholders from China. BancNet is allied with global payment brand JCB Co., Ltd., JCB International. Through this alliance, JCB cardholders can make cash advances at participating BancNet member ATMs nationwide. Bancnet interconnects with international card networks Diners Club International, Diners Club, Discover Card, Discover, Korea Financial Telecommunications & Clearings Institute, KFTC, Mastercard, and Visa Inc., Visa. BancNet serves m ...
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Banks Of The Philippines
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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