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Philippine Veterans Bank
Philippine Veterans Bank, also known as PVB and Veterans Bank, is a commercial bank in the Philippines. The bank is owned by Philippine World War II war veterans and their families and caters to both corporate and retail financial markets. As part of its charter, PVB allocates 20% of its annual net income for the benefit of its shareholders. History The concept of a bank for veterans of World War II was conceived in 1956, when a war reparations agreement was signed between Japan and the Philippines. The agreement provided for twenty million dollars in cash, five million pesos in capital and ten million dollars in services. Under Republic Act No. 1789, better known as the Reparations Act, the cash reparations were set aside into a special trust fund for the use of World War II veterans and their families. There were plans to split the funds evenly among all veterans, but legislators say that it is in the higher interest that the funds be invested in a bank that would service thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately-held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, bu ... [...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] |
Veterans Memorial Medical Center
The Veterans Memorial Medical Center (formerly known as Veterans Memorial Hospital) was established in 1955 with full US Government assistance under the US Veterans Administration to provide quality hospitalization, medical care and treatment to Filipino veterans as provided by U.S. public law. The patients were originally those who suffer from service-connected disabilities arising from their services with the USAFFE, recognized guerrilla units, Philippine Scouts, and Philippine Commonwealth Army, which was later extended to AFP retirees and their dependents. History The Veterans Memorial Medical Center was established pursuant to ''Public Law 865'', 80th U.S. Congress on July 8, 1948 which provided $9.4 million for the construction of a hospital facility with the land to be donated by the Philippine government. The law was implemented in the country by an agreement between the U.S. and the Philippines signed by then Pres. Elpidio Quirino and the U.S. Ambassador to the Philipp ... [...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] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roberto De Ocampo
Roberto de Ocampo, OBE, is a Founding Partner of the Centennial Group International, and Chairman of Centennial Asia Advisors. He was the president of the Asian Institute of Management. He was chairman and CEO of the Development Bank of the Philippines in 1989. From 1992 to 98, he served as Secretary of Finance under President Fidel V. Ramos. Thereafter, he was named Finance Minister of the Year by several organizations from 1995, 1996, and 1997. He is currently the Chairman of Philippine Veterans Bank. Family and education De Ocampo graduated from De La Salle University (1962) and the Ateneo de Manila University (1967) where he received his Bachelor of Arts degree in Economics (''cum laude''). He has a Master in Business Administration from the University of Michigan (1970) and a post-graduate diploma from the London School of Economics (1971). He is married with four children. Public service De Ocampo began his career in public service in 1972. He pioneered the rural electrifi ... [...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] |
Union Bank Of The Philippines
The Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular Life and Social Security System. It started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank. History Founding The bank was originally incorporated as “Union Savings and Mortgage Bank” on August 16, 1968. After the initial public offering the bank's shares were listed at the Philippine Stock Exchange (PSE) on June 29, 1992. Licensing as universal bank On July 15, 1992, the bank was granted the license to operate as a universal bank in the Philippines and the bank was changed its current name to Union Bank of the Philippines (UBP). Mergers and acquisitions In 1993, UnionBank merged with International Corporate Bank ("Interbank") ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fidel V
{{disambiguation ...
Fidel most commonly refers to: * Fidel Castro (1926–2016), Cuban communist revolutionary and politician * Fidel Ramos (1928–2022), Filipino politician and former president Fidel may also refer to: Other persons * Fidel (given name) Film * ''Fidel'' (2002 film), a 2002 mini-series by David Attwood about Castro * ''Fidel'' (2009 film), a 2009 Filipino indie film * '' Fidel: The Untold Story'', a 2001 a documentary about Castro Other uses * Fidel, a writing system used in Ethiopia and Eritrea, see Ge'ez script * Vielle, a musical instrument and forerunner of the fiddle * Fidel (imprint), an imprint of VDM Publishing devoted to the reproduction of Wikipedia content See also * Fidèle (other) Fidèle or Fidele may refer to: * Fidèle (album), ''Fidèle'' (album), a 1981 album by Julio Iglesias * Fidèle (dog) (2003–2016), a yellow Labrador and tourist attraction in Bruges, Belgium * Bourg-Fidèle, a commune in the Ardennes department ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1986 EDSA Revolution
The People Power Revolution, also known as the EDSA Revolution or the February Revolution, was a series of popular demonstrations in the Philippines, mostly in Metro Manila, from February 22 to 25, 1986. There was a sustained campaign of civil resistance against regime violence and electoral fraud. The nonviolent revolution led to the departure of Ferdinand Marcos, the end of his 20-year dictatorship and the restoration of democracy in the Philippines. It is also referred to as the Yellow Revolution due to the presence of yellow ribbons during demonstrations (in reference to the Tony Orlando and Dawn song "Tie a Yellow Ribbon Round the Ole Oak Tree") as a symbol of protest following the assassination of Filipino senator Benigno "Ninoy" Aquino, Jr. in August 1983 upon his return to the Philippines from exile. It was widely seen as a victory of the people against two decades of presidential rule by President Marcos, and made news headlines as "the revolution that surprised ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividend
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax deduct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
