Foreign Commercial Bank Subsidiaries in the Philippines

 UPDATED March 20, 2019

There are only two foreign commercial bank subsidiaries in the Philippines,

based on data from the Bangko Sentral ng Pilipinas, as of March 2019.


1. CTBC Bank (Philippines) Corp. 
formerly Chinatrust (Phils.) Commercial Bank Corp.

16th to 19th Floors, Fort Legend Towers
31st Street cor. 3rd Ave.
Bonifacio Global City, Taguig City

No. of Offices: 25

Tel Nos:  811-8503 / 848-5519 / 811-8501 / 988-9287

CTBC is a subsidiary of Taiwanese bank CTBC or Chinatrust Commercial Bank, which operates 145 branches in Taiwan and 75 offices in other countries. It has been honored as the Best Private Bank in Taiwan for the past five years.

CTBC Bank (Philippines) Corp. was established in 1995.


2.  Maybank Philippines, Inc.

Legaspi Towers, 300 Roxas Blvd. cor. Vito Cruz St.
Malate, Manila 1004

No. of Offices: 74
Tel Nos: 521-0096 / 523-7777
Swift code: MBBEPHMM

Maybank is a subsidiary of Malaysian bank Maybank or Malayan Banking Berhad, the largest financial services group in Malaysia, with operations in 14 countries including the U.S.,UK, Singapore, Hong Kong and the Philippines.

Maybank started its operations in the Philippines in 1997 by acquiring 60% equity stake in PNB Republic Bank, taking over its management and renaming it Maybank Philippines Inc. Over a couple of years, Maybank bought the remaining shares to increase ownership to 99.6%.
In 2009, Maybank joined Bancnet and established branches in Newport and Bonifacio Global City. It reached a total of 50 branches in 2010.
In 2011, it launched its proprietary internet banking service called m2u in the Philippines.
In 2012, it appointed its first Filipino CEO and President, Herminio M. Famatigan Jr. It also moved its headquarters from Manila to its newly-built Maybank Corporate Centre in Bonifacio Global City (BGC) in Taguig. Its Main Office Branch at the ground floor was launched.

In 2014, Maybank turned the newly-opened Maybank Resorts World Branch into a 24/7 Maybank branch –- the first in the country.

In 2016, the BGC Arts Center was launched. It consists of the Maybank Performing Arts Theater, the Alveo Central Plaza and the open-air Sun Life Amphitheater.

Among foreign banks in the country, Maybank has the biggest number of branches, with around 80 branches across the country. Far second is CTBC, with 25 branches.

Related Articles:
Foreign Banks in the Philippines — Commercial Banks
Branches of Foreign Banks in the Philippines — Universal Banks

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