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Junrey T. Tubio Bsba-Financial Management
Junrey T. Tubio Bsba-Financial Management
Tubio
BSBA-FINANCIAL MANAGEMENT
Banks help channel savings to investments and encourage economic growth by allocating
savings to investments that have potential to yield higher returns. Banks are vital institutions in any
society as they significantly contribute to the development of an economy through facilitation of
business. Banks also facilitate the development of saving plans and are instruments of the government's
monetary strategy.
3. Give at least 5 names person/ company own a bank here in the Philippines?
The SM Group and IFC (International Finance Corporation)/ IFC Capitalization Fund are the
major shareholders of BDO.
Ayala Corporation and its affiliates owned an effective interest of 48.5 percent in BPI. The
Roman Catholic Archbishop of Manila (RCAM) owned 7.3 percent, and 5.0 percent isowned by
the various shareholders.
The LT Group, Inc owns Philippine National Bank.
Frederick Dy owns Security Bank Corporation.
As of December 31, 2020, UnionBank's major shareholders are Aboitiz Equity Ventures, Inc.
("AEV"), Social Security System ("SSS") and Insular Life Assurance Company, Ltd. ("Insular Life").
Robinsons Bank, the financial services arm of the JG Summit Group of Companies, is one of the
fastest growing commercial banks in the Philippines in terms of capitalization and asset size. The
bank is 60.0% owned by JG Summit Capital Services Corp.
4. Give your idea why we need a bank to our country and how can affect if bank crisis to our country?
For me, banking institution plays a vital role in the growth of one's country economy. It is a must to keep
your money in bank so it would be safer. Aside as it gives people livelihood, banks collect the savings of
the individuals and lend them out to business, people and manufacturers. Banks facilitates business and
it is how banking institution is a need of every country .