Queen City Development Bank, also known as Queenbank, is a

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

private

development bank A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitme ...

based in

Iloilo City Iloilo City, officially the City of Iloilo ( hil, Siyudad/Dakbanwa sang Iloilo; fil, Lungsod ng Iloilo), is a 1st class highly urbanized city in the Western Visayas region of the Philippines on the island of Panay. It is the capital city of t ...

. Founded in 1981, it has branches operating in key cities all over the country, offering financial services to both companies and individual investors. Its services include deposit in investment banking, corporate and retail financing, dollar deposits and other basic banking products. It is owned by Rogelio Florete. It is one of the few banks with headquarters outside

Metro Manila Metropolitan Manila (often shortened as Metro Manila; fil, Kalakhang Maynila), officially the National Capital Region (NCR; fil, link=no, Pambansang Punong Rehiyon), is the capital region, seat of government and one of three List of metrop ...

that is a member of an interbank ATM network, in this case, MegaLink (now BancNet).

History

Founded on July 18, 1981, Queen City Development Bank is a private thrift bank with head office in Iloilo City. To date (2012), it has fifteen (15) branches all over the

. It offers corporate and private financial services such as investment banking deposits, corporate and retail financing, peso and dollar deposits apart from the basic banking services. Queenbank started out as an 11-personnel, single-branch financial institution with Php 11-million paid-up capital. The year after its foundation, it became an accredited foreign exchange dealer. Gradually, the bank obtained additional facilities and built a name for itself amidst a throng of emerging and more established banking institutions. Through the years, the bank has been supporting small and medium enterprises (SMEs) with their financial and banking needs. The 90s saw a surge in the bank’s expansion of offered services. In 1993, it was granted the authority to participate in institutions such as the Philippine Clearing House Corporation (PCHC) and accept and create demand deposits. Participating in the PCHC gave the bank authority to offer checking account services to its clients. The following year, the bank invested in Automated Teller Machines (ATMs) and offered the service to its clients, yielding to an increase in clients and deposit volume. With its core operations located in

, the bank has established branches in other key cities around the country.

References

External links

archived copy of home pageofficial site
{{Banks of the Philippines Banks of the Philippines Banks established in 1981 Companies based in Iloilo City