What is quasi-banking authority? It is the authority to borrow funds from the public or from other corporations through debt instruments or investment certificates other than deposit for relending purposes.
Here are savings banks in the Philippines with quasi-banking authority as of November 2011, based on data from the Bangko Sentral ng Pilipinas:
- Asiatrust Development Bank
- BSO Elite Savings Bank Inc.
- BPI Family Savings Bank
- China Bank Savings Inc.
- Citibank Savings Inc.
- Citystate Savings Bank Inc.
- Optimum Development Bank
- Philippine Savings Bank
- Philippine Business Bank Inc.
- RCBC Savings Bank Inc.
- Sterling Bank of Asia Inc.
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