PRIVATE BANKING INSTITUTION

What are the types of private banking institutions?

They include commercial banks, thrift institutions, investment banks (merchant banks),
credit unions, pension funds, investment companies, insurance companies, securities
brokers and dealers, real estate investment trusts, stock exchanges, and others.

• Security Bank
• Unionbank
• Metrobank
• RCBC
• BPI
• BOO
• Chinabank
• Philippine National Bank

GOVERNMENT BANKING INSTITUTIONS

What are the roles of the government banks?

State-owned banks play an important role in the financial system. They fulfill functions that
are not performed by private banks, provide financing for projects that benefit the rest of
the economy, and provide countercyclical lending (lending more when the economy is weak)

• AllBP. Al-Amanah Islamic Investment Bank of the Philippines. DBP. Development Bank of
the Philippines.
• DCI. DBP Data Center, Inc.
• LANDBANK. Land Bank of the Philippines.
• LCDFI. Land Bank Countryside Dev’t Foundation, Inc.
• OFB. Overseas Filipino Bank, Inc.
• LBRDC. LBP Resources and Development Corporation.
 What is the difference between private and government banking institution?

What are public and private sectors banks? Bank classified as public sector banks are those in
which the federal or state governments hold a majority stake. Private sector banks are those
whose stock is primarily owned by private companies or individuals. Public sector banks are
established through parliamentary acts.

Government non-bank financial institutions

On the other hand, consist of the Government Service Insurance System (GSIS), Social
Security System (SSS), National Home Mortgage Finance Corporation, Philippine Veterans
Investment Development Corporation, and National Development Corporation.

Private non-bank financial institutions

• Asset Finance Company
• Loan Company
• Mortgage Guarantee Company
• Investment Company
• Core Investment Company
• Infrastructure Finance Company
• Micro Finance Company
• Housing Finance Co