Type of bank/ Name of Law of Objectives
bank Creation
(Republic
Act No.)
Universal Bank Republic Universal banking focuses on
Act No. performance of personal firms by
8791 directly investing into such
entities. This objective of
universal banking aims to secure
the financial interests of
companies that have received
direct investment and to guard
the longer term development of
such institutions.
Commercial Bank Republic -Commercial banks are profit-
Act No. seeking businesses.
8791 -Their main objective is to
realize a profit by earning more
from the interest charged on
loans than the interest paid to
Current Minimum Capital
Requirement
universal banks with more than
100 branches would need to
have at least P20 billion
in capital.
Commercial banks with more
than 100 branches would need
P15 billion in capital.
Function Roles to the Philippine
Economy
This is the core of the banking
systemin the Philippines. Full-
service banks accept deposits, make
loans and provide fee-based services.
Universal banks also provide
investment banking functions.
Commercial banks play a crucial role
within the economic system and
therefore the economy. As a key
component of the economic system ,
banks allocate funds from savers to
borrowers in an efficient manner.
 depositors.
-Commercial banks also can
make profits from providing
other services like deposit
security, currency trading,
business advice, cheque and
credit-card processing
Private Development Republic -It’s a multi-purpose financial
Bank Act No. institution.
4093 -It is essentially a development-
oriented bank. Its primary
objective is to market economic
development by promoting
investment and entrepreneurial
activity during a developing
economy.
Saving and Development Republic -To expand the investment rate
Bank Act No. -To expand the saving rate
 paid-up capital shall not be less
than four million pesos for class
A, two million pesos for class B,
and one million pesos for class
C: provided, that at least sixty
per cent of the capital stock
subscribed by the private sector
shall be owned and held by
citizens of the Philippines
accredited
capital stock par value the
They support specialized financial
services, which can lessen the value
of obtaining information about both
savings and borrowing opportunities.
These financial services help to form
the general economy more efficient.
It shall be the declared policy of
Congress to market and expand the
economy of the country pursuant to
the socio-economic program of the
Government; to expand the economic
and agricultural growth; and to
encourage the establishment of more
private development banks so as to
satisfy the requirements for capital
and to satisfy the stress for adequate
investment credit or medium and long
term loans for Filipino entrepreneurs.
The main role of this bank is to fund
that missing additive that is needed to
 4093 capital stock of bank is intended
to be 5 billion pesos to be
divided into 50 million common
shares with par value of one
thousand pesos per share, to be
fully subscribe and paid by the
Republic of the Philippines
Stock and Saving and Republic The savings and loan  minimum paid-up capital of a
Loan Assoc. Act No. association's primary purpose is savings and loan association
3779 making loans to its members, organized as a stock corporation
usually for the acquisition of land in such amount as said Board
or homes. may consider necessary for the
safe and sound operation of such
association: Provided, however,
That in no case shall such paid-
up capital be less than one
hundred thousand pesos:
Provided, further, That at least
seventy per centum of the voting
stock of a savings and loan
assist the current level of the
economic development and to bring
the country into a higher level.
The country’s various savings and
loan associations, which cater to the
financial needs of small savers and
borrowers. Stock savings and loan
associations play a key role in
improving the participation rate of
Filipinos in the economy by
providing a venue for savings and
outlet for loans.

Rural Banks Republic The main objective of RRB is to
Act No. issue credit and other provision
7353 particularly to , agricultural
laborers, small and marginal
farmers, small entrepreneurs and
artisian and develop agriculture,
trade, commerce, industry, and
other beneficial activities in the
rural areas.
Land bank of the Republic -Serving Customers with
association which may be
established after the approval of
this Act shall be owned by
citizens of the Philippines,
except where a new association
is established as a result of the
consolidation of existing
associations in which there are
foreign- owned voting stocks at
the time of consolidation
Metro manila has 100 million The role and importance of rural
pesos while cebu and davao has banks within the Philippines are to
50 million pesos. Other cities market and further expand the
has 25 million pesos. The 1st to agricultural economy by providing
4th class municipalities has 10 Filipinos in rural communities with
million pesos and the 5th to 6th essential financial services like
class municipalities has 5 creating bank accounts, offering rate-
million pesos as its Current friendly loans, and setting Filipinos
minimum capital requirement up for financial safety within the
long-run.
-Meets the minimum The Land Bank of the Philippines
 Philippines Act No. Excellence and Integrity.
3844 -Improving Lives Across the
Nation.
-Promoting Social Justice and
Sustainable Development.
-Banking on a Healthy
Environment.
-Nurturing our Most Important
Resource.
-Engaging Stakeholders in
Environmental Responsibility.
-Championing Human Rights in
the Quest for Prosperity.
Development Bank Republic The objectives of development
capitalization required by BSP
-Meets the BSP’s prescribed
capital adequacy ratio (CAR) of
not less than 10%, prior to the
occurrence of
calamity/disaster/outbreak
-With Tier 1–risk based ratio of
6% or better
With an initial capital of P500-
may be a government monetary
institution that strikes a stabilize in
achieving its civil mandate of
advocating countryside development
while remaining financially
workable.
-An enforcing agency of CARP
involved in land appraisal,
compensation to the holders of
personal agricultural lands,and
collection of amortizations from
CARP farmer-beneficiaries.
-Provision of credit support to small
farmers and fisherfolk and ARBs.
-An administrator depository of
government funds.
-A government bank with a civil
mandate to spur countryside
expansion
It is primarily tasked to supply
 Act No. 85. banks can be summarized into
two the first one is to increase
the savings rate, and the second
one is to increase the investment
rate. If it relies entirely on
government budget, it is not
increasing the savings rate since
government money also comes
from public savings.
Philippines Amanah Republic The main purpose of the Islamic
Bank Act No. bank is to encourage and
6848 accelerate the socio-economic
development of the self-
governing Region by performing
banking, financing and
investment actions and to
determine .
Cooperative Bank Republic Cooperative bank is the one that
Act No 6938 is providing financial and credit
services to cooperatives and their
members. Its members are either
million, DBP set to work on
expanding its facilities and
operations to accelerate efforts
towards promoting national
economic development.
-AAIIBP became a subsidiary of
Development Bank of the
Philippines, owning 99.9% of its
capital stock.
-The authorized capital stock of
the Islamic Bank shall be One
billion pesos (P1,000,000,000)
 CBs total assets amounted to
PhP 21,134,817,720.00 while
total capital account stood at
4,545,113,030.00. Of the 25
banking services to cater to the
requirements of agricultural and
industrial enterprises. It may also
achieve all other operations of a thrift
bank. It focuses on four major areas
of financing infrastructure and
logistics, social services, small and
medium enterprises, and therefore the
environment.
-To serve as arm of the Government
in addressing poverty alleviation
especially in Muslim Filipino
communities across the country by
delivering them the goodwill and
simplistic Islamic banking and
financing that are active, concious
and suitable to their way of life..
cooperative banking sector’s main
factor or role in creating an
atmosphere that is favorable to the
national growth and development.
 regular or associate.Oidy
cooperative organizations that
hold common shares may be
regular members.
cooperative banks, all but five
are categorized as large by asset
size. CBs are operating either
national (4 CBs), regional (11
CBs) or provincial (10 CBs).
Highlights of the bill include
expanding the membership of CBs,
even opening up the sector to foreign
ownership as long as it is a
cooperative, expanding financial
services as well as investments in
allied undertakings of the sector and
providing for escheat proceedings for
Samahang Nayon (SN) and
Municipal Katipunan ng mga
Samahang Nayon (MKSN)-derived
accounts in the event they are not
able to apply to a cooperative within
the prescribed period of time.

REFERENCE:
https://lawphil.net/statutes/presdecs/pd1973/pd_113_1973.html
https://en.wikipedia.org/wiki/Development_Bank_of_the_Philippines
https://thecorpusjuris.com/legislative/republic-acts/ra-no-4093.php
https://business.inquirer.net/180647/capital-requirements-on-banks-raised#:~:text=Under%20the%20new%20rule%2C%20which,universal
%20banks%20needed%20only%20P4.
https://cda.gov.ph/
http://www.amanahbank.gov.ph/about-the-bank
https://www.landbank.com/about-us/about-landbank
https://www.landbank.com/cfiep-2020-cap
https://rbap.org/wp-content/uploads/2014/11/New-Minimum-Capitalization-of-Banks-Atty.-Mel-Racela.pdf
https://www.chanrobles.com/republicacts/republicactno4093.html#.X8kDSNgzbIU