List of Foreign Banks’ Representative Offices in the Philippines

Updated March 20, 2019

The function of foreign banks’ Representative Offices

is to promote and provide information about the products and services offered by the foreign banks to the public. Affiliates’ products and services are excluded.

foreign-banks-representative-offices

They DO NOT accept deposits, do not issue letters of credit, and do not engage in foreign exchange trading.

They are required to add the words “Representative Office” to their banking name to prevent confusion.

Transactions resulting from representatives’ promotional efforts are to be done by the foreign banks overseas.

There are 13 Foreign Banks’ Representative Offices in the country,

as of March 20, 2019

1
The Bank of New York Mellon Representative Office
Unit 1804, Regus Serviced Office
18th Floor Philamlife Tower
8767 Paseo de Roxas
1200 Makati City
No. of Offices: 1
Phone: 885-0383
Email: teri.floro@bnymellon.com

2
Bank of Singapore Limited Representative Office
22nd Floor, Tower I and Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
No. of Offices: 1
Phones: 479-8988

3
Bank of Taiwan Representative Office
1404 Tower One & Exchange Plaza
Ayala Triangle, Ayala Avenue
1226 Makati City
No. of Offices: 1
Email: 059894@mail.bot.com.tw
*Received authorization from the BSP on September 27, 2018.
*Started operations on January 31, 2019.

4
Credit Suisse AG Representative Office
The Enterprise Center
19th Floor, Tower 2
6766 Ayala Avenue corner Paseo de Roxas
1226 Makati City, Metro Manila
No. of Offices: 1
*Received authorization from the BSP on March 23, 2018.
*Started operations on June 18, 2018.

5
DBS Bank, Ltd. Representative Office
22nd Floor Tower 1
The Enterprise Center
6766 Ayala Avenue corner Paseo de Roxas
1226 Makati City
No. of Offices: 1
Phone: 869-3674; 869-3876
Email: garylegarda@dbs.com

6
The Export-Import Bank of Korea (Korea Eximbank) Representative Office
10th Floor Pacific Star Building
1226 Makati Avenue, Makati City
No. of Offices: 1
Phone: 864-0624
Fax: 864-0625
Email: ohyk@koreaexim.go.kr

7
Japan Bank For International Cooperation Representative Office
11th Floor Tower 1
The Enterprise Center
6766 Ayala Avenue Cor. Paseo de Roxas
Makati City
No. of Offices: 1
Phone: 856-7711 to 14
Email: c-cruz@jbic.go.jp

8
Korea Development Bank Representative Office
18th Floor, Tower 1, The Enterprise Center
6766 Ayala Avenue Corner Paseo de Roxas
Legaspi Village, Makati City
No. of Offices: 1
Phone: 556-0912
Email: waiespark@kdb.co.kr
Website: kdb.co.kr

9
The Ogaki Kyoritsu Bank, Ltd. Representative Office
Unit 507, 5th Floor
Tower One & Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City 1226
No. of Offices: 1
Phone: 810-6856
Email: shuisd7@gmail.com
*Received authorization from the BSP on April 18, 2017.
*Started operations on May 26, 2017.

10
Rothschild (Singapore) Limited Representative Office
21st Floor  Philamlife Tower
8767 Paseo de Roxas, Makati City 1226
No. of Offices: 1
Phones: 848-0114 / 849-2352
Email: nori.poblador@rothschild.com

11
State Bank of India
Room 202A, CYA Land Building
110 Rada Street, Legaspi Village
1229 Makati City
No. of Offices: 1
Phones: (02) 817-6820; 813-8561
Fax: (02) 817-1849
Email: sbi.manila@statebank.com
*SBI reopened its representative office in 2017, after ceasing operations in 2015.

12
UBS AG Representative Office
19th Floor Tower 1 and Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City 1226
No. of Offices: 1
Phones: 784-8888/784-8807
Email: lauro.baja@ubs.com

13
Wells Fargo Bank, NA Representative Office
15th Floor Tower 1, Enterprise Center
6766 Ayala Avenue cor. Paseo de Roxas
Makati City 1200
No. of Offices: 1
Phone: 884-8426
Email: imelda.capistrano@wellsfargo.com
Website: wellsfargo.com

List of Representative Offices
1.  The Bank of New York Mellon
2. Bank of Singapore Ltd.
3. Bank of Taiwan Representative Office
4. Credit Suisse AG Representative Office
5. DBS Bank, Ltd
6. The Export-Import Bank of Korea (Korea Eximbank)
7. Japan Bank For International Cooperation
8.  Korea Development Bank
9. The Ogaki Kyoritsu Bank, Ltd. Representative Office
10. Rothschild (Singapore) Ltd.
11. State Bank of India
12. UBS AG
13. Wells Fargo Bank, NA

 

Notes:
– The Representative Office of the State Bank of India ceased operations
in July 2015. Cessation noted by the BSP on July 30, 2015.

– The Representative Office of Cathay United Bank Co. Ltd.
ceased operations in March 2016.
Cessation noted by the BSP on March 17, 2016

– The Representative Office of Sumitomo Mitsui Banking Corp.
ceased operations in April 2016.
Cessation noted by the BSP  on April 28, 2016.

– The Representative Office of Barclays Bank PLC Philippines ceased operations in 2016.
Cessation noted by the BSP on August 12, 2016.

For more information on foreign banks’ Representative Offices in the Philippines:
The Manual of Regulations for Banks (MORB). Part Four.
Offshore banking units, Representative Offices and Foreign Currency Deposit Units

List of Foreign Banks in the Philippines

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