Oldest Banks in the Philippines That Are Still in Business Today

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

 
10 Bank of America NA 1947
11 Security Bank Corp.
(originally Security Bank and Trust Co.) 1951
12 Rizal Commercial Banking Corp. (RCBC)
(originally Rizal Development Bank) 1960
13 JP Morgan Chase Bank NA 1961
14 Metropolitan Bank & Trust Co. (Metrobank) 1962
15 United Coconut Planters Bank (UCBP)
(originally First United Bank) 1963 May 
16 Philippine Veterans Bank (Veterans) 1963 Jun
17 Land Bank of the Philippines (Landbank) 1963 Aug 
18 Bank of Commerce (Bancom)
(originally Overseas Bank of Manila) 1963 Oct
19 BDO Unibank, Inc. (BDO)
(originally Acme Savings Bank) 1968
20 Al-Amanah Islamic Investment Bank of the
Philippines
(originally Amanah Islamic Bank) 1973
21 Deutsche Bank AG 1977
22 Union Bank of the Philippines (Unionbank) 1981
23 ANZ Banking Group Ltd. (ANZ)
(originally Australia and New Zealand Banking Group Ltd.) 1990
24 East West Banking Corp. (Eastwest) 1994
25 The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1995 Apr
26 Korea Exchange Bank 1995 June 1
27 Mizuho Bank, Ltd. – Manila Branch
(originally The Fuji Bank Ltd.) 1995 June 30
28 Mega International Commercial Bank Co. Ltd.
(originally International Commercial Bank of China) 1995
July 4
29 Internationale Nederlanden Groep
Bank NV – Manila Branch (ING Bank)
(originally Internationale Nederlanden Bank NV) 1995 July 10
30 Bangkok Bank Public Co. Ltd. 1995 Aug
31 CTBC Bank (Philippines) Corp. (CTBC)
(originally China Trust Bank) 1995 Sep
32 Asia United Bank Corp. (AUB) 1997 Oct
33 Maybank Philippines, Inc. 1997 Nov 6
34 Robinsons Bank Corp. 1997 Nov 28
35 Bank of China Ltd. – Manila Branch 2002
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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