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Bank Of The Philippine Islands
The Bank of the Philippine Islands ('';'' '','' commonly known as BPI; ) is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines. The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 Automated teller machine, ATMs and CDMs (cash deposit machines). BPI was founded during the History of the Philippines (1521–1898), Spanish colonial era of the Philippines as El Banco Español Filipino de Isabel II. It provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today's Philippine peso. History Colonial period BPI was established on August 1, 1851, as the "El Banco Español Filipino de Isabel II" (), named after the queen of Spain, Queen of Spain, Isabella II, the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cebu
Cebu ( ; ), officially the Province of Cebu (; ), is a province of the Philippines located in the Central Visayas region, and consists of a main island and 167 surrounding islands and islets. The coastal zone of Cebu is identified as a site of highest marine biodiversity importance in the Coral Triangle. Its capital and largest city is Cebu City, nicknamed "the Queen (Catholic) City of the South" having the Second Cardinal, the oldest city and first capital of the Philippines, which is politically independent from the provincial government along with Mandaue and Lapu-Lapu City. The Cebu Metropolitan Area or Metro Cebu is the third largest metropolitan area in the Philippines (after Metro Manila and Metro Davao) with Cebu City as the main center of commerce, trade, education and industry in the Visayas as well as the regional center of Central Visayas. Being one of the most developed provinces in the Philippines, in a decade it has transformed into a global hub for b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tier 1 Capital
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view.By definition of Bank for International Settlements. It is composed of ''core capital'', which consists primarily of common stock and disclosed reserves (or retained earnings), but may also include non-redeemable non-cumulative preferred stock as well as physical gold held in vaults. The Basel Committee also observed that banks have used innovative instruments over the years to generate Tier 1 capital; these are subject to stringent conditions and are limited to a maximum of 15% of total Tier 1 capital. This part of the Tier 1 capital will be phased out during the implementation of Basel III. Capital in this sense is related to, but different from, the accounting concept of shareholders' equity. Both Tier 1 and Tier 2 capital were first defined in the Basel I capital accord and remained substantially the same in the replacement Basel II accord. Tier 2 capital represents " ... [...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 January 3, 1949, and then re-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. The principal author was Senator Franklin Drilon. It was signed by President Rodrigo Duterte. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Peso Fuerte
The Philippine peso fuerte (Spanish "Strong Peso" sign: PF) was the first paper currency of the Philippines and the Spanish East Indies during the later Spanish colonial period. It co-circulated with other Spanish silver and gold coins and was issued by El Banco Español Filipino de Isabel II (currently Bank of the Philippine Islands). The banknotes were convertible to either silver pesos or gold coins at the bank's discretion. The colonial government at the time allowed El Banco Español-Filipino to issue pesos fuertes up to one-fourths of its subscribed capital, or a maximum of PF 100,000, which was subsequently raised to 300,000 in 1855. El Banco Español-Filipino began issuing peso fuerte notes on May 1, 1852. As of the end of the 19th century its circulating volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation. See History of Philippine money. The currency was replaced by the modern peso in 1903. In the beginning of the 20th centur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Philippines (1521–1898)
The history of the Philippines dates from the earliest Hominini, hominin activity in the archipelago at least by 709,000 years ago. ''Homo luzonensis'', a species of archaic humans, was present on the island of Luzon at least by 134,000 years ago. The earliest known anatomically modern human was from Tabon Caves in Palawan dating about 47,000 years. Negrito groups were the first inhabitants to settle in the prehistoric Philippines. These were followed by Austroasiatic language, Austroasiatics, Indigenous people of New Guinea, Papuans, and South Asians. By around 3000 BCE, seafaring Austronesians, who form the majority of the current population, migrated southward from Taiwan. By 2000 BCE the archipelago was the crux of a trans-oceanic Philippine jade culture. Scholars generally believe that these ethnic and social groups eventually developed into various settlements or polities with varying degrees of economic specialization, social stratification, and social organization, pol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003. By country Forbes Global 2000 as of 2023: 2023 list In 2023, the ten largest companies as calculated by this method were: 2022 list In 2022, the ten largest companies as calculated by this method were: 2021 list In 2021, the ten largest companies as calculated by this method were: 2020 list In 2020, the ten largest companies as calculated by this method were: 2019 list In 2019, the ten largest companies as calculated by this method were: 2018 list In 2018, the ten largest companies as calculated by this method were: As a group, the ''Forbes'' Global 2000 in year 2018 accounts for $39.1* trillion in sales, $3.2 trillion in profit, $189* trillion in assets and $56.8* trillion in market value. By industry sector The top-ranked companies in each industry sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southeast Asia
Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Australia, Australian mainland, which is part of Oceania. Southeast Asia is bordered to the north by East Asia, to the west by South Asia and the Bay of Bengal, to the east by Oceania and the Pacific Ocean, and to the south by Australia (continent), Australia and the Indian Ocean. Apart from the British Indian Ocean Territory and two out of Atolls of the Maldives, 26 atolls of the Maldives in South Asia, Maritime Southeast Asia is the only other subregion of Asia that lies partly within the Southern Hemisphere. Mainland Southeast Asia is entirely in the Northern Hemisphere. Timor-Leste and the southern portion of Indonesia are the parts of Southeast Asia that lie south of the equator. The region lies near the intersection of Plate tectonics, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, 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. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, 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 accounting liquidity, 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 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Bank
A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the United Kingdom and the United States, where historically there was a distinction drawn between pure investment banks and commercial banks. In the US, this was a result of the Glass–Steagall Act of 1933. In both countries, however, since the 1980s the regulatory barrier to the combination of investment banks and commercial banks has largely been removed, and a number of universal banks have emerged in both jurisdictions. In other countries, the concept is less relevant as there was no regulatory distinction between inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The Philippine Islands (shankar S) - Flickr
The Bank of the Philippine Islands ('';'' '','' commonly known as BPI; ) is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines. The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 ATMs and CDMs (cash deposit machines). BPI was founded during the Spanish colonial era of the Philippines as El Banco Español Filipino de Isabel II. It provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today's Philippine peso. History Colonial period BPI was established on August 1, 1851, as the "El Banco Español Filipino de Isabel II" (), named after the Queen of Spain, Isabella II, the daughter of King Ferdinand VII. It was the first government bank in the Philippines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
