Banks in the Philippines

Banks ! Banks! Banks!

Are you wondering how to save in the banks? Yes! You need to think how to save for your future and you can consider to save money in the bank for security reasons.

Well..the big question? How can you save?

Saving money in the bank when you're young age is an important lesson. All good lessons and habits begin early, and saving in the bank is a skill that everyone needs. Many people - adults included - do not have a good sense of saving for the long run. Besides being a great way to ensure you have enough money in the bank for your old age, saving money in the bank when you are young can only help your future. Saving money in the bank will help you a lot.


Remember, making sure you don't spend too much and continuing to save is a good way to accumulate wealth. Always remember to save in the bank. You need to you earnings in a bank, and with investments and regular interest rates, have almost doubled my savings withe the help of the bank. Your money will double after twelve years at a modest rate of six percent interest. You can consult to the bank officials. Many people I know spend all the money they earn so it never has a chance to grow.

Many people should realize that now is a prime time to begin saving in the bank. In high school, the parents pay for almost everything, so expenses can be small. If you have a job, you should have fun with some of the money. But you should also save some money in the bank so that it will grow for you without your working, and begin planning for your future. When you spend money in the bank, you not only lose that money, but also the interest you could have accumulated by saving it and it will be possible with the help of the bank.

After high school, college is expensive and then "real" life begins, with expenses such as food and rent. If you can hold onto a good portion of the money and save it to the bank you earn as a teen, going to college and buying a house will be much easier. The earlier you begin saving, the more time the money in the bank has to grow.

Save money in the bank and later in life it can be hard to start saving because life is more expensive and you may only have enough to pay your bills. If you want to buy a house and have a family, you need capital, which comes from savings.

Many say money cannot make you happy (which is true), but money can help you lead a stable life. Save money in the bank.

Saving money in the bank early will mean you will have to work fewer years when you are older and allow you to spend time doing things you want. You also want to be financially secure so you can live the way you want without worrying. Also, you will be able to retire at a reasonable age. Save money in the bank

Think: if you have two million dollars capital when you retire, that money growing at a modest five percent annual interest rate will produce an income of $100,000 a year without you working an hour. That is without even mentioning the possibilities of wise investing in the stock market or mutual funds, where sometimes you can increase your capital by a hundred percent!

The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. At present, there are seventeen universal banks, 23 commercial banks, 84 thrift banks, 711 rural banks, 44 credit unions and twelve non-banks with quasi-banking functions, all licensed with the Bangko Sentral ng Pilipinas.

Powers of a universal bank
A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment house as provided in existing laws and the power to invest in non-allied enterprises.

List of local universal banks

Government-owned

Al-Amanah Islamic Investment Bank of the Philippines
Development Bank of the Philippines
Land Bank of the Philippines

Privately owned

Allied Bank
Banco de Oro
Bank of the Philippine Islands
Chinabank
Metropolitan Bank and Trust Company
Philippine National Bank
Rizal Commercial Banking Corporation
Security Bank
Union Bank of the Philippines
United Coconut Planters Bank
Philtrust Bank

Thrift banks


Powers of a thrift bank
A thrift bank has the power to accept savings and time deposits, act as a correspondent with other financial institutions and as a collection agent for government entities, issue mortgages, engage in real estate transactions and extend credit. In addition, thrift banks may also maintain checking accounts, act as a depository for government entities and local government units and engage in quasi-banking and money market operations subject to the approval of the Bangko Sentral.

List of local thrift banks

Government-owned
Philippine Postal Savings Bank

Privately owned

Accord Savings Bank
Allied Savings Bank (subsidiary of Allied Bank)
Anchor Savings Bank
Area Development Bank
Asiatrust Development Bank
Banco Filipino
Bank of Calape
Bank of Cebu
Bankwise
Bataan Development Bank
Bataan Savings and Loan Bank
BPI Direct Savings Bank (subsidiary of Bank of the Philippine Islands)
BPI Family Savings Bank (subsidiary of Bank of the Philippine Islands)
Business and Consumers Bank
Centennial Savings Bank
Century Savings Bank
Chinabank Savings (formerly Manila Bank; subsidiary of Chinabank)
City Savings Bank
Citystate Savings Bank
Cordillera Savings and Loan Bank
Dumaguete City Development Bank
Dungganon Bank
EIB Savings Bank (subsidiary of Export and Industry Bank)
Equicom Savings Bank
Express Savings Bank
Farmers Savings and Loan Bank
First Consolidated Bank
GSIS Family Bank (subsidiary of the Government Service Insurance System)
Hiyas Bank
Iloilo City Development Bank
Inter-Asia Development Bank
ISLA Bank
Kauswagan Bank
LBC Bank (subsidiary of LBC Express Corporation)
Legazpi Savings and Loan Bank
Lemery Savings and Loan Bank
Liberty Savings and Loan Association
Life Savings Bank
Luzon Development Bank
Malasiqui Progressive Savings and Loan Bank
Malayan Bank
Manilabank
Merchants Savings and Loan Association
Metro Cebu Public Savings Bank
Micro Enterprise Bank
Northpoint Development Bank
Opportunity Microfinance Bank
Optimum Development Bank
Orion Bank
Pacific Ace Savings Bank
Palawan Development Bank
Pampanga Development Bank
Peñafrancia Savings and Loan Association
Philam Savings Bank (subsidiary of Philam Life)
Philippine Business Bank
Philippine Savings Bank (Metrobank Group)
Pilipinas Savings Bank
Planters Development Bank
Premiere Development Bank
Progress Savings and Loan Association
Queen City Development Bank
Quezon Coconut Producers Savings and Loan Bank
RCBC Savings Bank (subsidiary of Rizal Commercial Banking Corporation)
Robinsons Savings Bank (subsidiary of JG Summit Holdings)
Sampaguita Savings and Loan Association
San Pablo City Development Bank
Sandigan Savings Bank
Silangan Savings and Loan Bank
Sterling Bank of Asia
The Real Bank
Tower Development Bank
UCPB Savings Bank (subsidiary of United Coconut Planters Bank)
University Savings and Loan Bank
Village Savings and Loan Association
Vizcaya Savings and Loan Association
Wealth Development Bank
Winbank
World Partners Bank
[edit]List of foreign banks with thrift banking operations
Citibank (through Citibank Savings)
GE Consumer Finance (through GE Money Bank)
HSBC (through HSBC Savings Bank)
JPMorgan Chase & Co.
United Overseas Bank
Metro bank

Cooperative and rural banks

Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services. Rural and cooperative banks help farmers through the stages of production, from buying seedlings to marketing of their produce. Rural banks and cooperative banks are differentiated from each other by ownership. While rural banks are privately owned and managed, cooperative banks are organized/owned by cooperatives or federation of cooperatives.
A rural bank has the power to provide adequate credit facilities to farmers and merchants or to cooperatives of such farmers and merchants and, in general, to the people of the rural communities of which the rural bank operates in.

List of cooperative banks

Agusan del Norte Cooperative Bank
Bataan Cooperative Bank
Camiguin Cooperative Bank
Capiz Settlers Cooperative Bank
Cooperative Bank of Agusan del Sur
Cooperative Bank of Aklan
Cooperative Bank of Aurora
Cooperative Bank of Benguet
Cooperative Bank of Bohol
Cooperative Bank of Bukidnon
Cooperative Bank of Bulacan
Cooperative Bank of Cagayan
Cooperative Bank of Camarines Norte
Cooperative Bank of Camarines Sur
Cooperative Bank of Cavite
Cooperative Bank of Cebu
Cooperative Bank of Davao del Sur
Cooperative Bank of Ilocos Norte
Cooperative Bank of Iloilo
Cooperative Bank of La Union
Cooperative Bank of Lanao del Norte
Cooperative Bank of Misamis Oriental
Cooperative Bank of Mountain Province
Cooperative Bank of Negros Oriental
Cooperative Bank of Cotabato
Cooperative Bank of Nueva Ecija
Cooperative Bank of Palawan
Cooperative Bank of Pampanga
Cooperative Bank of Quezon Province
Cooperative Bank of Surigao del Sur
Cooperative Bank of Tarlac
Cooperative Bank of Zambales
Cooperative Bank of Zamboanga del Norte
Cooperative Bank of Zamboanga del Sur
Countryside Cooperative Bank of Batangas
First Isabela Cooperative Bank
Ilocos Sur Cooperative Bank
Leyte Cooperative Bank
Metro South Cooperative Bank
National Teachers and Employees Cooperative Bank
Occidental Mindoro Cooperative Bank
Samahang Nayon Cooperative Bank of Nueva Vizcaya
Sorsogon Provincial Cooperative Bank
Southern Leyte Cooperative Bank

List of rural banks

Agusan del Norte
Butuan City Rural Bank
Green Bank

Agusan del Sur
Peoples Bank of Caraga, Inc.
Enterprise Bank

Aklan
Rural Bank of Altavas
Rural Bank of Balete
Rural Bank of Banga
Rural Bank of Kalibo
Rural Bank of Makato
Rural Bank of New Washington
Rural Bank of Numancia

Albay

Cagsawa Rural Bank
Ibalon Rural Bank
[Rural Bank of Guinobatan]}

Bataan

Balanga Rural Bank
Orani Rural Bank
Rural Bank of Abucay
Rural Bank of Bagac

Batangas

5 Speed Rural Bank
Balayan Bay Rural Bank
Banco Batangan
Banco ng Masa
Bangko Kabayan
Batangas Rural Bank for Cooperatives
Bolbok Rural Bank
Calaca Rural Bank
Classic Rural Bank
Dynamic Bank
Empire Rural Bank
Excel Rural Bank
Farmers Rural Bank
First Coconut Rural Bank
Limcoma Rural Bank
Lipa Bank
Lipa Public Bank
Lobo Rural Bank
Malarayat Rural Bank
Mount Makiling Rural Bank
New Rural Bank of Agoncillo
President Jose P. Laurel Rural Bank
Progressive Rural Bank
Rural Bank of Alitagtag
Rural Bank of Padre Garcia
Sto Rosario Rural BAnk

Benguet
Benguet Center Bank
Diamond Rural Bank
Highland Rural Bank
Rural Bank of Baguio

Bukidnon

Asian Hills Bank
Malaybalay Rural Bank

Bulacan
Agricom Rural Bank
Apex Rural Bank
Baliuag Rural Bank
Banco Rural de General Tinio
Bangko Luzon
Bangko Rural ng Kalumpit
Rural Bank of San Pascual inc.
Delmont Bank (Rural bank of San Jose del Monte City)
East Coast Rural Bank of Hagonoy
Emerald Rural Bank
Fil-Agro Rural Bank
Gateway Rural Bank
La Consolacion Rural Bank
Rural Bank of Angat
Rural Bank of Doña Remedios Trinidad
Silahis Bank

Camarines Sur

Bangko Rural ng Magarao
Bangko Rural ng Pasacao
First Naga Rural Bank
G-7 Bank
Municipal Rural Bank of Libmanan
Municipal Rural Bank of Nabua
Peñafrancia Rural Bank of Calabanga
Rural Bank of Sipocot, Inc.
Rural Bank of Pamplona, Inc. - Sipocot Branch
Rural Bank of Minalabac, Inc. - Sipocot Branch
Rural Bank of San Fernando
Rural Bank of Libmanan
Rural Bank of Cabusao
Rural Bank of San Jose
Rural Bank of Pili
Rural Bank of Milaor
Rural Bank of Ragay
Rural Bank of Iriga

Camiguin

Mambajao Community Rural Bank
Philippine Intercity Rural Bank

Capiz
Farmer's Bank of Capiz
President Roxas Rural Bank
Rural Bank of Mambusao, Inc.

Cavite

Advance Rural Bank
Bangko Mabuhay
Capitol City Rural Bank of Trece Martires
Cavite Rural Banking Corporation
Cebuana Lhuillier Rural Bank
Central Equity Rural Bank
Community Bank
First Reliance Bank
GMA Rural Bank of Cavite
Imus Rural Bank
Masuerte Rural Bank of Bacoor
Rural Bank of Amadeo
Rural Bank of Magallanes
Rural Bank of Maragondon


Cebu

Aspac Rural Bank
Banco Maximo
Banco of East Asia
Banco Rural de Isla Cordova
Cardinal Rural Bank
Coastal Bank
Community Rural Bank of Catmon
Community Rural Bank of Medellin
First Agro Industrial Rural Bank
Frontier Rural Bank
Lapu Lapu Rural Bank
Mactan Rural Bank
Philippine Countryside Rural Bank
Pilipino Rural Bank
Plaza Rural Bank

Compostela Valley

Money Mall Rural Bank
Rural Bank of Montevista(Davao), Inc
Rural Bank of Compostela(Davao), Inc

Davao del Norte

Century Rural Bank

Davao del Sur

Community Rural Bank of Magsaysay
One Network Bank
[edit]Davao Oriental
Rural Bank of Baganga

Ifugao

Lagawe Highlands Rural Bank

Ilocos Norte

Banco Dingras
Ilocandia Community Bank
Cooperative Bank of Ilocos Norte San Nicolas
Cooperative Bank of Ilocos Norte-Laoag City
Cooperative Bank of Ilocos Norte-Batac City

Ilocos Sur

Cordillera Bank
Vigan Banco Rural Incorporada
Rural Bank of Tagudin, Inc
Rural Bank of Cabugao, Inc.
Rural Bank of Sta. Maria, Inc
Sadiri Rural Bank, Inc.
Rural Bank of Magsingal, Inc.
Ilocos Sur Cooperative Bank

Iloilo

Community Rural Bank of San Joaquin
Rural Bank of Marayo Banate Branch
Farmers Trader Rural Bank
First Midland Rural Bank
Janiuay Rural Bank
LifeBank
Progressive Rural Bank
Rural Bank of Alimodian
Rural Bank of Anilao
Rural Bank of Badiangan
Rural Bank of Oton

Isabela

Banco Agricola
Golden Rural Bank of the Philippines
Mallig Plains Rural Bank
Philippine Rural Banking Corporation
Rural Bank of Alicia
Rural Bank of Angadanan
Rural Bank of Benito Soliven
Providence Rural Bank
Rural Bank of Magsaysay, Isa. Inc.

Laguna

Rural Bank of Bay,Inc.
Biñan Rural Bank
Card Rural Bank
De La O Rural Bank
Entrepreneur Rural Bank
First United Farmers Bank
Key Rural Bank
Ormon Bank
PlanBank Rural Bank of Canlubang Planters
Provident Rural Bank of Santa Cruz
Rural Bank of Alaminos
Rural Bank of Cabuyao, Inc.
Rural Bank of Lumban
Rural Bank of Mabitac, Inc.
Rural Bank of Nagcarlan
Rural Bank of Paete
Rural Bank of Pagsanjan
Rural Bank of Calauan
Rural Bank of Calamba
Malarayat Bank
Planbank A Rural Bank for Canlubang Planters

Lanao del Norte

1st Valley Bank

Lanao del Sur

Bagong Bangko Rural ng Malabang
Maranao Rural Bank

La Union

Bannawag Rural Bank
Community Rural Bank of San Gabriel
Cooperative Rural Bank of La Union
LUDB Bank
Networth Bank
Rang-ay Bank
Rural Bank of Agoo
Rural Bank of Bacnotan
Rural Bank of Bangar
Rural Bank of Bauang
Rural Bank of Caba
Rural Bank of Luna
Rural Bank of Naguilian
Rural Bank of Rosario
Rural Bank of San Juan
Rural Bank of Santol
Rural Bank of Sudipen
Summit Bank

Leyte

First Interstate Bank
Rural Bank of Dulag
Rural Bank of Kananga
Rural Bank of Hindang
Rural Bank of Hilongos
Rural Bank of Bato

Maguindanao

New Settlers Bank

Metro Manila
AMA Bank
Baclaran Rural Bank
Banco de Jesus Rural Bank
Banco San Juan
Bangko Pasig
BMS Rural Bank
Builders Rural Bank
Country Rural Bank of Taguig
Enterprise Capital Rural Bank
Filipino Savers Bank
Finman Rural Bank
First Country Rural Bank
First Macro Bank
Insular Rural Bank
Marikina Valley Rural Bank
Rodriguez Rural Bank
Rural Bank of Alabang
Rural Bank of Makati

Misamis Occidental

Community Rural Bank of Clarin
First Community Cooperative Bank of Misamis Occidental
Panguil Bay Rural Bank of Ozamiz
Rural Bank of Bonifacio

Misamis Oriental

Bangko Rural ng Tagoloan
Community Rural Bank of Naawan
Philippine Farmers Bank
Rural Bank of Talisayan

Negros Occidental
Rural Bank of Marayo
Community Rural Bank of Magallon
First Community Bank
First State Rural Bank
Nation Bank
New Rural Bank of Binalbagan
New Rural Bank of Victorias
Rural Bank of Bacolod City

Negros Oriental

Central Visayas Rural Bank
Dumaguete Rural Bank
Rural Bank of Amlan
Rural Bank of Ayungon
Rural Bank of Bacong
Rural Bank of Guihulngan
Rural Bank of Valencia
Rural Bank of Manjuyod
Rural Bank of Larena
Cooperative Rural Bank
Rural Bank of Basay
Rural Bank of Pamplona

Nueva Ecija

Aliaga Farmers Rural Bank
Banco Rural de General Tinio
Bangko Luzon Inc.
Cabanatuan City Rural Bank
Citizen's Rural Bank
Cooperative Bank of Nueva Ecija
Cuyapo Rural Bank
FARM Bank
GM Bank Inc.
Kabalikat Rural Bank
Masagana Rural Bank
Merchant Rural Bank of Talavera
Millennium Bank
New Rural Bank of Guimba
New Rural Bank of San Leonardo
Producers Rural Bank of San Jose City
Rural Bank of Laur
Rural Bank of Lupao
Rural Bank of Quezon
Rural Bank of Makati
Rural Bank of Sto. Domingo
Small & Medium Enterprise Bank
Towncall Rural Bank
Westmont Bank

Nueva Vizcaya

Agri Business Rural Bank
Rural Bank of Aritao
Cooperative Bank of Nueva Vizcaya
[edit]Oriental Mindoro
Oriental Tamaraw Rural Bank of Naujan
Rural Bank of Baco

Pampanga

Banco Nuestra Señora del Pilar
Bank of Florida
Crown Bank
Delta Civic Bank
Guagua Rural Bank
Guagua Savers Bank
Rural Bank of Angeles
Rural Bank of Apalit
Rural Bank of Bacolor
Unity Bank

Pangasinan

Banco Rural de San Antonio
Bangko Pangasinan
Bani Rural Bank
BHF Rural Bank
Corfarm Rural Bank of Umingan
CSF Rural Bank of Bayambang
Gulf Bank
Kaluyagan Rural Bank
Kaunlaran Rural Bank
Pangasinan Bank
People's Rural Bank of Binmaley
Rural Bank of Agno
Rural Bank of Alaminos
Rural Bank of Anda
Rural Bank of Dasol
Rural Bank of Bautista

Quezon

Grand-Agri Rural Bank
Mega Rural Bank
Polillo Island Rural Bank
Quezon Capital Rural Bank
Quezon Traders Rural Bank of Candelaria
Rural Bank of Alabat
Rural Bank of Atimonan
Rural Bank of Candelaria
Rural Bank of Dolores
Rural Bank of Sariaya
Rural Bank of Tagkawayan
Tiaong Rural Bank
Rural Bank of Lucban
Rural Bank of Mauban

Rizal

Binangonan Rural Bank
Eastern Rizal Rural Bank
Filidian Rural Bank
Growers Rural Bank
Rizal Rural Bank
Rural Bank of Angono
Rural Bank of Antipolo
Rural Bank of Cainta
Rural Bank of Montalban
Rural Bank of Pilillia
Rural Bank of San Mateo
[edit]Romblon
Community Rural Bank of Romblon

Sarangani

Rural Bank of DAR Beneficiaries Cooperative
Rural Bank of Alabel

South Cotabato

Peninsula Rural Bank
People's Rural Bank
Partner Rural Bank, Surallah, So. Cot.

Southern Leyte

Community Rural Bank of Maasin

Sultan Kudarat

Partner Rural Bank, Tacurong City


Surigao del Sur

Bangko Carrascal
Enterprise Bank
Cantilan Bank, Inc.

Tarlac

Bangko Santo Niño
Camiling Rural Bank
First Provincial Bank
Rural Bank of Tarlac
Rural Bank of Victoria
Rural Bank of Pura
Rural Bank of La Paz

Zambales

Community Rural Bank of San Felipe
Countryside Rural Bank of Palauig
Maharlika Rural Bank
Rural Bank of Cabangan
Zambank
Unity Bank
Rural Bank of Candelaria Zambales, Inc.
Rural Bank of San Narcisco, Inc.
Rural Bank of San Marcelino, Inc.

Zamboanga del Norte

Rural Bank of Pagadian City
Rural Bank of Salug Valley

Zamboanga del Norte

Rural Bank of Labason
Community Rural Bank of Dapitan City
Rural Bank of Roxas
Katipunan Rural Bank
Rizal Rural Bank
Rural Bank of Dipolog City
Rural Bank of Siocon
Rural Bank of Liloy
Zamboanga Sibugay
Rural Bank of Kabasalan Inc.
Zamboanga City
Rural Bank of Siocon Inc.
Rural Bank of Zamboanga

articles taken from wikipedia.org/wiki/List_of_banks_in_the_Philippines
some part of the articles were taken from syncrat.com/articles/importance-of-saving
photos from goggle