Last year we reported that the Zest-O group’s savings bank Philippine Business Bank (PBB) has filed for application with the Philippine Stock Exchange (PSE) to conduct an initial public offering. Recent reports show that the PSE has approved the bank’s application and the IPO will push through this February 2013.
Largest Banks in the Philippines (2009)
Last year, we posted a list of the Top 10 Banks in the Philippines, based on total assets and deposits at year-end 2008. We now bring you the list of the Largest Banks in the Philippines, in terms of assets, deposits, and net income, as of year-end 2009.
The list only includes banks headquartered in the Philippines, meaning other banks based in another country but with local operations are not analyzed. Also, since the basis of the financial figures are the financial statements submitted to the Philippine Stock Exchange (PSE), only publicly-listed banks are mentioned. Government- and privately-owned banks whose financial statements are not available to the public are excluded in the list.
Metrobank’s Long-Term Negotiable Certificates of Deposits (LTNCD)
The Philippines’ largest bank, Metropolitan Bank and Trust Co. (Metrobank), is expected to offer to the public more than P10 billion worth of high-yield time deposit products after the Bangko Sentral ng Pilipinas (BSP) appoved last week the bank’s planned offering of long-term negotiable certificates of deposits (LTNCD).
What are LTNCDs?
Long-term negotiable certificates of deposits (LTNCDs) are peso-denominated negotiable certificates of deposites that usually mature after five years.
List of methods to withdraw PayPal in the Philippines
Based on personal experiences posted by dozens of PayPal Philippines users, this post summarizes the different ways of withdrawing Paypal in the Philippines.
Our list is not limited to debit and credit cards alone. We also gathered information regarding some non-traditional methods of converting PayPal funds into cash.
Confirmed Methods of Withdrawing PayPal in the Philippines
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Each method is explained in detail below.
(More discussion here: How to withdraw funds from Paypal Philippines)
Metrobank Philippines – Metropolitan Bank and Trust Company
The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the largest bank in the Philippines in terms of assets and is also the largest Philippine bank in terms of overseas presence. (Update: As of 2008, Banco de Oro or BDO has overtaken Metrobank as the largest Filipino bank.)
Metrobank (www.metrobank.com.ph) was established by a group of businessmen on September 5, 1962 at the Wellington Building in Binondo, Manila.