Tag: bangko sentral ng pilipinas

Are There How Many Banks in the Philippines?

As of January 20, 2018  As of January 20, 2018, there are 587 banks in the Philippines (number of head offices, excluding branches). Type of Number of Number of Bank Head Offices   Branch Offices   1.   Universal Banks   21 a. Private Domestic Banks   12 b. Government Banks     3 c. Foreign Bank Branches   […]

Banco Filipino Had Been Waving Red Flags

Banco Filipino, which was shuttered by the PDIC this March, had been waving red flags over a long time. But its depositors have not seen them. The RED flags: 1. Banco Filipino was closed by the Bangko Sentral ng Pilipinas in 1985 and remained closed until 1992. 2. The bank has not been submitting its […]