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Philippine Savings Bank
The Philippine Savings Bank () (shortened as PSBank or abbreviated as PSB) is a savings bank based in the Philippines. It is a subsidiary of Metrobank and is the 2nd-largest savings bank in the Philippines after BPI Family Savings Bank. Subsidiaries and affiliates PSBank is a subsidiary of Metrobank, and as such is affiliated with it. PSBank is also affiliated with Toyota Financial Services Philippines Corporation (TFSPC), where it currently has a 25% stake. Ownership * Metropolitan Bank and Trust Company: 75.98% *PCD Nominee Corporation: 5.86% *Danilo L. Dolor (son of Doña Soledad Dolor): 5.04% *Erlinda L. Dolor: 2.95% *Ma. Soledad S. de Leon: 1.67% *Public stock: 4.01% Competition PSBank competes with other savings banks, such as BPI Family Savings Bank and RCBC Savings Bank. The bank is also competing against multinational savings bank such as Citibank Savings and HSBC Savings. However, since PSBank is considered a major bank, it also competes with bigger financial inst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Banks In The Philippines ...
These are the largest banks in the Philippines ranked by total assets as published by Bangko Sentral ng Pilipinas (BSP). Historical assets are retrieved from the Published Balance Sheets/Statements of Condition submitted by the banks to BSP. Overall Philippine banks Universal and commercial banks September 2020 2018 2017 Thrift banks 2019 2018 2017 See also * List of banks in the Philippines * List of largest banks in Southeast Asia Review of top banks in the Philippines References https://www.bsp.gov.ph/Statistics/Financial%20Statements/Commercial/assets.aspx {{Asia topic, List of banks in Philippines Philippines Banks 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. Becaus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Priority Development Assistance Fund Scam
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund granted to each member of Congress for spending on priority development projects of the Philippine government, mostly on the national level. The scam was first exposed in the ''Philippine Daily Inquirer'' by Nancy C. Carvajal on July 12, 2013, with the six-part exposé of Carvajal pointing to businesswoman Janet Lim-Napoles as the scam's mastermind after Benhur K. Luy, her second cousin and former personal assistant, was rescued by agents of the National Bureau of Investigation (NBI) on March 22, 2013, four months after he was detained by Napoles at her unit at the Pacific Plaza Towers in Bonifacio Global City. Initially centering on Napoles' involvement in the 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renato Corona
Renato Tereso Antonio Coronado Corona (October 15, 1948 – April 29, 2016) was a Filipino judge who was the 23rd chief justice of the Philippines from 2010 to 2012. He served as an associate justice after being appointed by President Gloria Macapagal Arroyo on April 9, 2002, and later as Chief Justice on May 12, 2010, upon the retirement of Chief Justice Reynato Puno. Corona was previously a law professor, private law practitioner and member of the Cabinet under former presidents Fidel V. Ramos and Gloria Macapagal Arroyo before being appointed to the high tribunal. On July 5, 2011, the Supreme Court, headed by Corona, issued a landmark decision on the ''Hacienda Luisita'' case, wherein, under agrarian reform laws, the Court upheld both the distribution of land to the hacienda's farm workers and the revocation of the SDO agreement forged in 1989. Hacienda Luisita is a plantation that was controlled by the then incumbent President Benigno Cojuangco Aquino III's family. The cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impeachment Of Renato Corona
Renato Corona, the 23rd chief justice of the Supreme Court of the Philippines, was impeached on December 12, 2011. Corona was the third official, after former President Joseph Estrada in 2000 and Ombudsman Merceditas Gutierrez in March 2011, to be impeached by the House of Representatives. The Senate, convened as an impeachment court, began the impeachment trial on January 16, 2012. This was the second impeachment trial in the history of the Philippines, as Gutierrez had resigned prior to the start of her trial. On May 29, 2012, Corona was found guilty of article two of the articles of impeachment that had been filed against him pertaining to his failure to disclose to the public his statement of assets, liabilities and net worth. Appointment of Corona as chief justice Chief Justice Reynato Puno was to retire on May 17, 2010, seven days after the presidential election. However, the constitution prohibits President Gloria Macapagal Arroyo from appointing anyone two mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC Savings
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank Savings
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became Pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doña Soledad Avenue
Doña Soledad Avenue is an east-west route in the southern Metro Manila city of Parañaque, Philippines. It traverses barangays Don Bosco and Moonwalk, both located in northeastern Parañaque. It runs from its intersection with E. Rodriguez Avenue in the eastern edge of Moonwalk. The road continues to the east, entering Better Living Subdivision. It then curves north for a few blocks, then turns east and heads for its terminus at Bicutan Exit of South Luzon Expressway (SLEX) and Skyway. East of SLEX, the avenue continues as East Service Road into San Martin de Porres and Lower Bicutan in Taguig, where it then continues as General Santos Avenue. It was intended to be a private road meant for Better Living Subdivision residents, but was opened to outsiders because of the heavy traffic when Dr. A. Santos Avenue (Sucat Road) was expanded. This caused poor road conditions on the private road and it is also plagued with heavy traffic due to non-residents passing by. Better Living resid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings And Loan Association
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20percent of their lending ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Stock Exchange
The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has been in operation since 1927. On a whole, the Philippine Stock Exchange has 275 listed companies. The main index for PSE is the PSE Composite Index (PSEi) composed of thirty (30) listed companies. The selection of companies in the PSEi is based on a specific set of criteria. There are also six additional sector-based indices. The PSE is overseen by a 15-member Board of Directors, chaired by José T. Pardo. History On February 3, 1936, the Securities and Exchange Commission announced that it had "relinquished control of the Manila Stock Exchange." The Philippine Stock Exchange was formed on December 23, 1995, from the merger of the Manila Stock Exchange (MSE) (established on August 12, 1927, based ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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