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  Development Bank of the Philippines  Land Bank of the Philippines Private-owned

1. Universal Bank 2. Metropolitan Bank and Trust Company 3. Bank of the Philippine Islands 4. 5. Rizal Commercial Banking Corporation 6. of the Philippines 7. China Banking Corporation 8. Citibank 9. East West Bank 10. Philippine Savings Bank 11. (Philippine Trust Company) 12. 13. United Coconut Planters Bank 14. Allied Bank Corporation Powers of a commercial bank

In addition to having the powers of a thrift bank, a commercial bank has the power to accept drafts and issue letters of credit; discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; accept or create demand deposits; receive other types of deposits and deposit substitutes; buy and sell foreign exchange and gold or silver bullion; acquire marketable bonds and other debt securities; and extend credit. List of local commercial banks

 BDO Private Bank (subsidiary of Banco de Oro)  Philippine Bank of Communications  Corporation List of foreign banks with commercial banking operations Branches

 Australia and New Zealand Banking Group  Bangkok Bank  Bank of America, N.A.  Bank of China  Chinatrust Commercial Bank  Citibank, N.A.  Deutsche Bank AG  Hongkong and Shanghai Banking Corporation  ING Group  JPMorgan Chase  Korea Exchange Bank  Mega International Commercial Bank  Mizuho Corporate Bank  Bank  The Bank of Tokyo-Mitsubishi UFJ, Ltd. [edit]Thrift banks

[edit]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. As per the banker Amit Malhotra, the performance of thrift banks are underrated.

[edit]List of local thrift banks [edit]Government-owned

 Philippine Postal Savings Bank [edit]Privately owned

 Accord Savings Bank  Allied Savings Bank (subsidiary of Allied Bank)  Anchor Savings Bank  Area Development Bank  Asiatrust Development Bank  Bank of Calape  Bank of Cebu  BankOne Savings and Trust Corporation  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  Century Savings Bank  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  Legazpi Savings Bank, Inc.  Lemery Savings and Loan Bank  Liberty Savings and Loan Association  Life Savings Bank  Development Bank  Malasiqui Progressive Savings and Loan Bank  Malayan Bank  Metro Cebu Public Savings Bank  Micro Enterprise Bank  Microfinance Maximum Savings Bank, Inc. (MAXBANK)  Northpoint Development Bank  Opportunity Microfinance Bank  Optimum Development 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 ( Group)  Planters Development Bank  Premiere Development Bank (to be acquired by Security 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)  HSBC (through HSBC Savings Bank)  United Overseas Bank [edit]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.

[edit]List of cooperative banks

 Agusan del Norte Cooperative Bank  Bataan Cooperative Bank  Banco Cooperativa de Zamboanga  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  Cooperative Bank of Bukidnon  Cooperative Bank of Bulacan  Cooperative Bank of  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 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  Sorsogon Provincial Cooperative Bank  Southern Leyte Cooperative Bank [edit]List of rural banks [edit]Agusan del Norte

 Green Bank [edit]Agusan del Sur

 Peoples Bank of Caraga, Inc. [edit]Aklan

 Rural Bank of Altavas  Rural Bank of Balete  Rural Bank of Banga (Aklan)  Rural Bank of Makato  Rural Bank of New Washington  Rural Bank of Malinao - Microsavers Bank [edit]Albay

 Camalig Bank  Cagsawa Rural Bank  Ibalon Rural Bank  Rural Bank of Guinobatan [edit]Bataan

 Balanga Rural Bank  Orani Rural Bank  Rural Bank of Abucay  Rural Bank of Bagac [edit]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  Women's Rural Bank, Inc. [edit]Bohol

 First Consolidated Bank [edit]Biliran

 Rural Bank of Naval, Inc. [edit]Benguet

 Benguet Center Bank  Diamond Rural Bank  Highland Rural Bank  Rural Bank of Baguio [edit]Bukidnon

 Malaybalay Rural Bank  Asian Hills Bank [edit]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  Meyacauayan Second Rural Bank, Inc.  La Consolacion Rural Bank  Rural Bank of Angat  Rural Bank of Doña Remedios Trinidad  Silahis Bank  Rural Bank of Bustos  Rural Bank of Pandi [edit]Cagayan

 Providence Rural Bank  Rural Bank of Gattaran  Claveria Rural Bank  Rural Bank of Sanchez Mira [edit]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  Rural Bank of Pamplona  Rural Bank of Minalabac  Rural Bank of San Fernando  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 [edit]Camiguin

 Mambajao Community Rural Bank  Philippine Intercity Rural Bank [edit]Capiz

 Farmer's Bank of Capiz  President Roxas Rural Bank, Inc.  Rural Bank of Mambusao, Inc.  Rural Bank of Panay, Inc.  Rural Bank of Dao, Inc.  Rural Bank of Pilar, Inc.  Rural Bank of Pilar, Inc., Roxas City Branch  Rural Bank of Ivisan, Inc.  Rural Bank of Cuartero, Inc.  Rural Bank of Jamindan, Inc.  Rural Bank of Sapian, Inc. [edit]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  Unlad Rural Bank of Noveleta, Inc. [edit]Cebu

 Frontier Rural Bank  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  Upland Rural Bank [edit]Compostela Valley

 Rural Bank, Inc.  Money Mall Rural Bank  Rural Bank of Montevista(Davao), Inc  Rural Bank of Compostela(Davao), Inc  Rural Bank of Mawab [edit]Davao del Norte

 First Tagum Rural Bank, Inc.  Century Rural Bank [edit]Davao del Sur

 First Tagum Rural Bank, Inc.  Community Rural Bank of Magsaysay  One Network Bank  Rural Bank of Digos, Inc. [edit]Davao Oriental

 First Tagum Rural Bank, Inc.  Rural Bank of Baganga [edit]Ifugao

 Lagawe Highlands Rural Bank [edit]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 [edit]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 [edit]Iloilo

 Rural Bank of Guimbal (Iloilo)  Racso's Bank  Bangko Buena Consolidated  Rural Bank of Santa Barbara (Iloilo)  Community Rural Bank of San Joaquin  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 Leganes  Rural Bank of Oton [edit]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.  Rural Bank of Cauayan, Inc. [edit]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  Laguna Prestige Banking Corporation  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  Rural Bank Of Magdalena (Laguna)  CARD Bank [edit]Lanao del Sur

 Bagong Bangko Rural ng Malabang  Maranao Rural Bank [edit]Leyte

 First Interstate Bank  Rural Bank of Dulag  Rural Bank of Hindang  Rural Bank of Hilongos  Rural Bank of Bato  Rural Bank of Burauen  Rural Bank of Ormoc  Rural Bank of Naval, Carigara Branch [edit]Southern Leyte

 Rural Bank of  Rural Bank of Malitbog  Rural Bank of Padre Burgos