Canarvacanan, Binalonan Pangasinan

Bachelor of Science in Accountancy

Financial Markets

TOP 5 COMMERCIAL BANKS

Albay, Jay Ann B.

BSA-2A
 TOP 1: RIZAL COMMERCIAL BANKING CORPORATION

I: HISTORY

In 1960, The Rizal Commercial Banking Corporation

(RCBC) was founded as a development bank and is a

commercial and investment bank licensed by the

Bangko Sentral ng Pilipinas (BSP). It is one of the Philippines' largest universal

banks, with total consolidated resources of Php554 billion for the fiscal year 2017.

As a diversified financial services institution, RCBC meets corporate and

individual banking needs by utilizing the most appropriate vehicles to provide

innovative products and services to its target markets. With an inclusive financial

business model in mind, it entered the microfinance business in 2009, launching

the Rizal Microbank to serve the smallest entrepreneurs.

RCBC constantly innovates its products and services to meet the dynamic

consumer needs in the digital space, in response to an ever-growing digital

consumer base. It launched the RCBC MyWallet in 2007 to provide ease and

convenience. This all-in-one card allows customers to enjoy electronic banking

convenience at any time and from any location, and it allows customers to

perform transactions similar to a regular ATM card, such as withdrawals, cashless

shopping, balance inquiry, and bill payment—all without the hassles of

maintaining a monthly maintaining balance. Soon after, RCBC launched its retail

online channel as a personal internet banking system to supplement its electronic

banking capability. With features such as an enhanced and customizable user

interface, real-time presentation of Bankard credit card transaction history,

prepaid mobile loading, and viewing of investments and RCBC Savings bank

loans, RCBC OnlineBanking provides customers with a better online banking

experience.

II. FOUNDER

Alfonso Yuchengco

Alfonso Yuchengco was a Filipino businessman,

accountant, industrialist, educator, and diplomat. He

was the CEO of the Yuchengco Group of Companies, one of the Philippines'

largest family-owned business conglomerates.

Nationality: Filipino

Birtday and Birthplace: February 6, 1923 ;

Manila, Insular Government of the Philippine Islands

Died: April 15, 2017

The Yuchengco Group of Companies (YGC), one of Southeast Asia's oldest and

largest conglomerates with over 60 businesses, owns the majority of the Rizal
Commercial Banking Corporation (RCBC). It is one of the country's largest private

domestic banks in terms of assets, with over 444 branches and 2,492 ATMs and

ATM Go units as of end-March 2022.

Eugene S. Acevedo is the current President and CEO of RCBC. Mr. Acevedo

leads RCBC with his expertise in strategy formulation, business development,

origination, relationship building, cost reduction, and risk control, having over

thirty (30) years of solid banking experience.

III: SERVICE OFFERINGS

Personal Corporate Premium Banking

Saving Accounts Savings Hexagon Club

Privelege

Checking Checking Hexagon Club

Accounts Prestige

Time Deposit Loans Wealth Management

Foreign Currency Corporate Loans

Loans Corporate Salary Loan

Home Loans Cash Management

Auto Loans Receivable Services

Additional Information:
RCBC has been a pillar of the banking industry since its inception in 1960,

offering a wide range of financial services to its customers through its retail and

investment banks, microfinance unit, foreign exchange brokerage house, leasing

company, and overseas remittance tie-ups.

TOP 2: ROBINSON BANK CORPORATION

I. HISTORY

Robinsons Bank began as a savings bank in November

1997, amid the Asian financial crisis. Robinsons Savings

Bank acquired ABN Amro Savings Bank (Philippines)

branches, licenses to operate the branches, and the bank

deposit portfolio in 2002. Robinsons Savings Bank was the seventh largest thrift

bank at the time as a result of this acquisition. Robinsons Savings Bank

purchased the Royal Bank of Scotland's controlling interest in February 2010.

(Philippines). The Royal Bank of Scotland (Philippines) was renamed Robinsons

Bank Corporation in August of the same year. The merger of Robinsons Savings

Bank and Robinsons Bank Corporation was approved by the Bangko Sentral ng

Pilipinas (BSP) in December, with Robinsons Bank Corporation surviving.

Robinsons Bank became the 14th largest commercial bank and the 31st largest

bank in the Philippine banking system as a result of this merger.

The BSP approved the bank's acquisition of Legazpi Savings Bank in 2012. (LSB).

The acquisition of LSB broadens Robinsons Bank's business lines and expands

its target market in Bicol. Robinsons Bank acquired LSB and made it a wholly

owned subsidiary. In 2015, the bank launched its strategic plan Roadmap 2020,

which included an initial phase of capacity building. In 2016, the bank launched its

Visa Debit Card, which provides convenience and improved security to its

customers during its second phase focused on core income growth.

By 2017, the bank's first Long-term Negotiable Certificates of Deposit (LTNCD) of

Php4.1 billion had been oversubscribed. In the same year, Robinsons Bank

launched the UNO® and DOS® Mastercards, marking its entry into the credit card

business as part of its product portfolio expansion. With the ease of technology

and digitalization, the bank created the Personal Online Banking (POB) Web and

the POB Mobile Banking Application to make banking more accessible to the

bank's clients.

II: FOUNDER

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. and 40.0% owned by Robinsons Retail Holdings, Inc., a

listed company since November 2013.

John Robinson Lim Gokongwei Jr.

A businessman, investor, and philanthropist from

the Philippines. JG Summit Holdings, Inc., his

conglomerate, had a diverse range of business

and investment holdings in the Filipino economy,

including shipping, telecommunications, retail, financial services, petrochemicals,

utilities, aviation, food, beverages, and livestock farming.

Nationality: Filipino

Birthday and Birthplace: August 11, 1926, Xiamen, China

Died: November 9, 2019, Manila Doctors Hospital, Manila

Additional Information:

The Corporation is currently led by Lance Gokongwei as Chairman, Frederick D.

Go as Vice Chairman, and Elfren Antonio S. Sarte as President and CEO.

III: SERVICE OFFERINGS

Robinsons Bank (Rbank) is one of the Philippines' fastest growing commercial

banks in terms of capitalization and asset size. Because of its stability and

affiliation with one of the country's leading conglomerates, JG Summit Holdings

Inc., the bank has always been one of the top choices in the banking industry.
Robinsons Bank has always been an appealing alternative in the banking industry

as it evolves into a stronger entity capable of meeting the demands of the

commercial banking market.

Robinsons Bank takes a proactive approach to customer relationships by offering

traditional products such as savings and current accounts, foreign currency

deposit accounts, and trust and treasury products. Rbank also provides

consumer loan products such as a home loan, an auto loan, a personal loan, a

PLP-Secured Loan (against a diamond or jewelry), microfinance, motorcycle

financing, and a small business loan (SBL). Customers can now bank at their

own pace and convenience thanks to the development of Retail Internet Banking

(RWEB) and Corporate Cash Management System (CashWeb).

Rbank continues to expand its branch network in terms of geographic reach. The

bank intends to open more branches in strategic areas of Metro Manila and to

expand its reach to other provinces throughout the country..

TOP 3: PHILIPPINE BANK COMMUNICATION

I: HISTORY

On September 4, 1939, the Philippine Bank of

Communications (PBCOM) opened its doors at the

Trade and Commerce Building on Juan Luna Street in

Binondo, Manila. It was one of the first non-American

foreign commercial banks to operate in the Philippines, and was a branch of the

Bank of Communications, which is headquartered in Taiwan. During the

Japanese occupation, PBCOM and most other banks ceased operations. Despite

the absence of any legal obligation to do so, the Bank reinstated its pre-war

accounts when it resumed operations following World War II. To expedite

business for its clients, the bank joined the Manila Clearing House Association in

1946, and the following year, in response to a nationwide demand for increased

banking service, it opened a branch in Cebu.

On June 21, 1974, Ralph Nubla and company purchased the majority of the

bank's outstanding capital stock, bringing PBCOM under Filipino ownership.

PBCOM was listed on the Makati and Manila Stock Exchanges in February 1988.

To fund its Information Technology and Branch Expansion Program, the Bank

issued 1 million common shares to the public for the first time in December 1995.

PBCOM began to take more daring steps toward becoming a modern and

competitive commercial bank in 2000. Major shareholders demonstrated their

dedication to the bank by injecting P2.6 billion in new equity, making PBCOM one

of the most well-capitalized commercial banks. That same year, PBCOM acquired

Consumer Savings Bank, a 19-branch thrift bank with a strong retail presence. In

2001, PBCOM relocated its headquarters from Binondo to the PBCOM Tower, the

country's tallest building at the time, located in the heart of Makati

II: FOUNDER:

Nationality: Filipino

Birthday and Birthplace: July 26, 2011

Manila, Philippines

Eric Recto is the chairman of

Bedfordbury Development, a joint venture with the United Kingdom. based on

Ashmore Recto also has a stake in ISM, a digital services company, and Public

Bank of Communication, which he co-founded with billionaire Lucio Co. From

2002 to 2005, Recto was the Philippines' undersecretary of finance.

III: SERVICE OFFERINGS

Philippine Bank of Communications (Bank) is a commercial bank that provides

deposit products, loans and trade finance, domestic and international fund
transfers, treasury, foreign exchange, and trust services. Branch Banking Group,

Corporate Banking Group, Treasury Segment, Consumer Finance Segment, and

Trust and Wealth Management Segment are its segments. Branch Banking

Group handles individual customer deposits, as well as overdrafts and fund

transfers. Corporate Banking Group manages the Bank's loan and credit facility

relationships with corporate and institutional clients. The Treasury Segment is in

charge of the Company's balance sheet and liquidity position. Its Consumer

Finance Segment finances retail clients' credit needs for the purchase of auto,

home, and personal loans. The Trust and Wealth Management Segment acts as

trustee or investment manager for both personal and corporate accounts.

TOP 4: MEGA INTERNATIONAL COMMERCIAL BANK, CO. LTD- MANILA

BRANCH

I: HISTORY

Mega International Commercial Bank Co., Ltd. (Mega ICBC) was formed on

August 21, 2006, as a result of the merger of The International Commercial Bank

of China and Chiao Tung Bank. Both banks have long been proud of their

outstanding track records in our country.

The Mega International Commercial Bank Co. is Taiwan's 3rd largest bank in

terms of asset size with an aggregate paid-in capital of NT$85.362 billion and has

108 branches throughout Taiwan and with over 37 overseas branches. The Bank

has a long history of heritage being delegated as an agent of the government

coffer and a note-issuing bank during the founding of Taiwan, has been an

industrial bank, a development bank, a state-controlled bank and now a

privately-owned bank.

Mega International Commercial Bank - Manila Branch was established in 1995

and was one of the few foreign banks granted with a full banking license to

operate in the Philippines. With more than 26 years of serving its customers

ranging from Taiwan-based companies, Filipino businesses, Foreign and

Overseas Filipino Workers thru its term loans and syndications, the Bank is firmly

committed to assist each of its client in managing their account from Day 1 and up

to the fulfillment of their aspirations. As always, we are here to help you in a Mega

way.

II: FOUNDER

Chao Shun Chang

Mega Financial Holding Company ("Mega FHC's")

owns 100% of the bank. The operation and

management of the bank, as well as financial business information and audit

management, are handled in accordance with the "Regulations on Supervision of

Mega FHC's Subsidiaries." Recommendations or questions about the Bank's

operations can be communicated via formal letters, phone calls, emails, and so

on. The case will be handled or explained by the Bank's business supervisory

units in accordance with internal operating procedures.

Nationality: Taiwanese

Birthday and Birthplace: October 1948; Chi-Lin Rd., Taipei City, 10242, Taiwan

III: SERVICE OFFERINGS

Mega International Commercial Bank Co., Ltd. is a bank that offers banking

services. Deposits, loans, securities trading, foreign exchange, fund management,

and other services are available from the company. Mega International

Commercial Bank operates in Taiwan.

 TOP 5: INDUSTRIAL BANK KOREA- MANILA BRANCH

I: HISTORY

Industrial Bank of Korea (IBK) is a South

Korean industrial bank headquartered in

Jung-gu, Seoul. On August 1, 1961, it was

established as a Small and Medium-sized Business Bank. The English bank's

name was changed to 'Small and Medium Industry Bank' in 1978. Korean

Corporate Development Finance was founded in 1986.

According to a spokesman for the Industrial Bank of Korea (IBK), South Korea's

fourth-largest bank by assets, the Philippine central bank has approved a request

to open a branch in the country.

It intends to open a branch in Manila around November of this year and may

decide to open additional branches later. As of the end of 2014, IBK had assets

worth 219.76 trillion won ($201.28 billion), with 594 branches in South Korea.

Joyce Lee and Karen Lema contributed reporting, and Biju Dwarakanath edited

the piece.
II: FOUNDER

IBK is owned and founded by the Ministry of Economy and Finance. It oversees

the South Korean government's financial policies and publishes a monthly report

on the national economy known as the "Green Book." The current minister is

Choo Kyung-ho. The headquarters are located in Sejong City's Sejong

Government Complex.

III: SERVICE OFFERINGS

 Banking Service

This service provides general banking services such as checking various account

information, transferring funds, reporting a loss, and general inquiries over the

phone rather than visiting a local branch.

 Smart Banking

i-ONE Bank Global provides banking services to foreign residents of Korea.

It is an application service that allows you to log in quickly without requiring public

authentication and offers overseas remittance, domestic transfer, product

subscription, and other IBK special foreigner services.

 Foreign Direct Investment

When a foreigner provides a long-term loan of more than five years to a foreign

investment company, they are doing so with the intention of creating ongoing

economic links with the domestic Korean corporations or Korean-owned and run

businesses.