Classification of

Financial Institutions
Universal Banks
Universal banking is a system in which banks provide a wide
variety of comprehensive financial services, including those
tailored to retail, commercial, and investment services.
Universal banking is a term for banks that offer a wider
variety of services than their competitors, or when
compared with traditional banks.
Universal banking combines the services of a commercial
bank and an investment bank, providing all services from
within one entity.
Universal Banks in PH
Commercial Banks
Refers to a financial institution that accepts deposits, offers checking account
services, makes various loans, and offers basic financial products like certificates
of deposit (CDs) and savings accounts to individuals and small businesses.
A commercial bank is where most people do their banking.
Commercial banks make money by providing and earning interest from loans
such as mortgages, auto loans, business loans, and personal loans.
Commercial banks provide basic banking services to the general public—to both
individual consumers and small to mid-sized businesses.
Commercial Banks in PH
Thrift Bank
Type of financial institution that specializes in
offering savings accounts and originating home
mortgages for consumers.
Referred to as Savings and Loan Associations
(S&Ls).
Thrift Banks in PH
Rural Bank
A community bank in a rural area might offer regular retail
banking services, including loans and mortgages, that let
personal and business customers manage their banking
needs close to home.
Depending on their location and the local business focus,
some rural banks develop specialty commercial skills in
areas such as agribusiness.
Rural Banks in PH
Cooperative Banks
Cooperative banking is retail and commercial banking
organized on a cooperative basis.
Cooperative banking institutions take deposits and
lend money in most parts of the world.
Cooperative Banks in PH