Instructions:

Banko Sentral Pilipinas (BSP) defines the requirements in order to qualify and retain a
banking license. Identify the basic banking license which are with in the BSP system of
Supervision. Write your answers in a Short bond paper, Single Space, Tahoma, Size 12.

Answer:
1. Universal Banks - These are financial institutions that provide a wide range of
banking services, including commercial banking, investment banking, and other
financial services. Examples of Universal Banks in the Philippines include Banco
de Oro (BDO), Metropolitan Bank & Trust Company (Metrobank), and Philippine
National Bank (PNB).

2. Commercial Banks - These are financial institutions that primarily engage in

accepting deposits from the public and providing loans and other financial
services. Some of the largest commercial banks in the Philippines include Banco
de Oro (BDO), Metropolitan Bank & Trust Company (Metrobank), and Philippine
National Bank (PNB).

3. Thrift Banks - These are financial institutions that primarily engage in

accumulating savings and providing loans for housing, education, and other
personal or household needs. One example of a thrift bank in the Philippines is
the BPI Family Savings Bank, which is a subsidiary of the Bank of the Philippine
Islands (BPI).

4. Rural Banks - These are financial institutions that operate primarily in rural areas,
providing banking services to farmers, fishermen, and other residents in rural
communities. One example of a rural bank in the Philippines is the Cantilan Bank,
Inc., which is based in Cantilan, Surigao del Sur.

5. Cooperative Banks - These are financial institutions that are organized and
operated by cooperatives to provide financial services to their members. One
example of a cooperative bank in the Philippines is the National Confederation of
Cooperatives (NATCCO) Network, which includes NATCCO Development Bank
(NATCCO Bank) and NATCCO Coop (a cooperative federation).

6. Islamic Banks - These are financial institutions that operate in accordance with
Islamic principles, which prohibit the payment or receipt of interest (riba) and
require transactions to be based on principles of risk-sharing, fairness, and
ethical behavior. One example of an Islamic bank in the Philippines is Al-Amanah
Islamic Investment Bank of the Philippines, which offers a range of
Shariah-compliant financial products and services to its customers.