Tag: quasi-banking authority

Thrift Banks or Savings Banks with Quasi-Banking Authority

What is quasi-banking authority? It is the authority to borrow funds from the public or from other corporations through debt instruments or investment certificates other than deposit for relending purposes. Here are savings banks in the Philippines with quasi-banking authority as of November 2011, based on data from the Bangko Sentral ng Pilipinas: Asiatrust Development Bank […]