9.14.2014

Oldest Banks in the Philippines That Are Still in Business Today

By Nora

Here are the oldest Philippine banks that are still operating today.

Only commercial and universal banks still in business today are included in this list.

Bank Year Established
 
 
1Bank of the Philippine Islands (BPI)
(originally El Banco Espanol Filipino de Isabel II)1851
2Standard Chartered Bank
(originally Chartered Bank of India, Australia and China)1872
3Hongkong & Shanghai Banking Corp. (HSBC)1876
4Citibank, N.A.
(originally International Banking Corp.)1902
5Philippine National Bank (PNB)
(originally Agricultural Bank of the Philippine Government)1916
6Philippine Trust Co. (Philtrust)1916
7China Banking Corp. (Chinabank)1920
8Development Bank of the Philippines (DBP)
(originally National Loan and Investment Board)1935
9    Philippine Bank of Communications (PBCom)
(originally Bank of Communications)1939



 
10Bank of America NA1947
11Security Bank Corp.
(originally Security Bank and Trust Co.)1951
12Rizal Commercial Banking Corp. (RCBC)
(originally Rizal Development Bank)1960
13JP Morgan Chase Bank NA1961
14Metropolitan Bank & Trust Co. (Metrobank)1962
15United Coconut Planters Bank (UCBP)
(originally First United Bank)1963 May 
16Philippine Veterans Bank (Veterans)1963 Jun
17Land Bank of the Philippines (Landbank)1963 Aug 
18Bank of Commerce (Bancom)
(originally Overseas Bank of Manila)1963 Oct
19BDO Unibank, Inc. (BDO)
(originally Acme Savings Bank)1968
20Al-Amanah Islamic Investment Bank of the Philippines
(originally Amanah Islamic Bank)1973
21Deutsche Bank AG1977
22Union Bank of the Philippines (Unionbank)1981
23ANZ Banking Group Ltd. (ANZ)
(originally Australia and New Zealand Banking Group Ltd.)1990
24East West Banking Corp. (Eastwest)1994
25The Bank of Tokyo-Mitsubishi UFJ, Ltd.1995 Apr
26Korea Exchange Bank1995 June 1
27Mizuho Bank, Ltd. - Manila Branch
(originally The Fuji Bank Ltd.)1995 June 30
28Mega International Commercial Bank Co. Ltd.
(originally International Commercial Bank of China)1995 July 4
29Internationale Nederlanden Groep
Bank NV - Manila Branch (ING Bank)
(originally Internationale Nederlanden Bank NV)1995 July 10
30Bangkok Bank Public Co. Ltd.1995 Aug
31CTBC Bank (Philippines) Corp. (CTBC)
(originally China Trust Bank)1995 Sep
32Asia United Bank Corp. (AUB)1997 Oct
33Maybank Philippines, Inc.1997 Nov 6
34Robinsons Bank Corp.1997 Nov 28
35Bank of China Ltd. - Manila Branch2002
36    BDO Private Bank, Inc.
(originally Banco Santander)2003

References:

1. http://www.bsp.gov.ph/
2. Websites of all the banks listed
2. James, M. & James, B.R. (1954). Biography of a Bank: The Story of Bank of America NT & SA. Washington, D.C.: Beard Books,
3. Nishimura, S., Suzuki, T., & Michie, R. (2012). The Nineteenth and Twentieth Centuries. Oxford, United Kingdom: Oxford University Press. 
4. Ji, Z. (2003). A History of Modern Shanghai Banking: The Rise and Decline of China's Finance Capitalism. Armonk, New York: M.E. Sharpe Inc. 
5. Nagano, Y. (2011). The Emergence of Modern Banking
System in the Philippines during the American Colonial Period (Discussion Paper).  Institute of Economic Research, Hitotsubashi University, Tokyo, Japan.
6.  United States Agency for International Development.  (1995).  Banking Privatization in the Philippines: Commercial Bank of Manila (Combank)
7. Lamberte, Mario B. (1989). Assessment of the Problems of the Financial System: The Philippine Case (Working paper). Philippine Institute for Development Studies

Notes:

1. Bank of Commerce's YouTube history video shows that it started in 1991 while its corporate website says that it has been operating since 1963. Bank of Commerce was created in 1991 from the assets and licenses acquired from Commercial Bank of Manila, which had its roots in Overseas Bank of Manila, established in 1963.

2.  Banco Santander was established in the Philippines in 1995 by Spain's Santander Central Hispano, now Banco Santander.

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