Universal banks in the Philippines are financial institutions that provide a wide range of banking

services, including commercial banking, investment banking, and other financial services such as
insurance and asset management. They have the authority to engage in various financial activities
beyond traditional banking.

As of 2024, the Philippines has several prominent universal banks, which are licensed to provide a
wide range of financial services. Universal banks are authorized not only to provide commercial
banking services (like deposits, loans, and investment products) but also to engage in investment
banking activities, such as underwriting, issuing, and trading in securities. These banks are regulated
by the Bangko Sentral ng Pilipinas (BSP).

Here are the major universal banks in the Philippines as of 2024:

1. BDO Unibank, Inc.

BDO is the largest bank in the Philippines in terms of assets, loans, and deposits. It offers a wide range
of banking services, from traditional deposit-taking to investment banking, leasing, insurance, and
stock brokerage.

2. Bank of the Philippine Islands (BPI)

BPI, one of the oldest banks in Southeast Asia, is a leader in innovation and digital banking in the
Philippines. It offers various services like retail banking, corporate banking, investment banking, and
asset management.

3. Metropolitan Bank & Trust Company (Metrobank)

Metrobank is a significant player in the Philippine banking sector. It provides a full spectrum of
financial products and services, including corporate and consumer banking, as well as treasury
services.

4. Philippine National Bank (PNB)

PNB is another major universal bank in the country, historically known for serving Overseas Filipino
Workers (OFWs). It offers a wide range of banking services, including commercial, retail, and
investment banking.

5. Rizal Commercial Banking Corporation (RCBC)

RCBC offers services including commercial and investment banking, trust and treasury services, and
wealth management. It is known for its expansion in digital banking in recent years.

6. Security Bank Corporation

Security Bank is known for its customer-centric banking approach and offers retail, corporate, and
investment banking services. It has also been expanding its digital and wealth management platforms.

7. UnionBank of the Philippines

UnionBank has gained recognition for being one of the most digitally innovative banks in the
Philippines. It provides a wide range of financial services, including digital banking, retail banking, and
corporate banking.

8. EastWest Bank
EastWest provides both consumer and corporate banking services. The bank is known for its strong
retail banking segment, particularly in credit cards and auto loans.

9. China Banking Corporation (China Bank)

China Bank provides a comprehensive suite of banking services, including corporate banking, retail
banking, and investment banking. It has been expanding its digital and SME banking solutions.

10. Land Bank of the Philippines (LandBank)

LandBank is a government-owned bank, primarily focused on financing agricultural and rural
development projects. However, it also provides universal banking services, including retail banking
and investment banking.
11. Development Bank of the Philippines (DBP)
DBP is another state-owned universal bank, focused mainly on development financing, particularly for
infrastructure and small and medium enterprises (SMEs).

-These universal banks are authorized by the Bangko Sentral ng Pilipinas (BSP) to operate across a
range of financial services. They are key players in the Philippine financial industry and contribute
significantly to the country’s economic activities.

In the Philippines, commercial banks are financial institutions that offer a wide range of banking
services, primarily focusing on accepting deposits, providing loans, and facilitating payments. While
they do not have the broad authority of universal banks (which can engage in investment banking and
other non-banking financial services), they are crucial to the financial system.

As of 2024, commercial banks in the Philippines are an essential part of the financial system, providing
traditional banking services such as deposits, loans, and other related services. Unlike universal banks,
commercial banks do not engage in investment banking activities. They are primarily focused on
providing services to individuals, small businesses, and corporations.

Here is a list of notable commercial banks in the Philippines in 2024:

1. Asia United Bank Corporation (AUB)

AUB is a relatively young commercial bank that has grown quickly in recent years, offering a range of
banking services such as deposit accounts, loans, and other financial products for both individuals and
businesses.

2. Philippine Trust Company (Philtrust Bank)

One of the oldest commercial banks in the country, Philtrust Bank focuses on traditional banking
services like savings and time deposits, loans, and trust services.

3. Robinsons Bank Corporation

A fast-growing commercial bank in the Philippines, Robinsons Bank is part of the Gokongwei Group,
providing a wide range of financial services to retail and corporate clients.

4. Sterling Bank of Asia

Sterling Bank caters to individual customers and small- and medium-sized enterprises (SMEs), offering
traditional banking services such as loans, savings, and investment products.

5. Bank of Commerce (BankCom)

BankCom, affiliated with San Miguel Corporation, provides a wide range of financial products and
services, focusing on consumer banking, corporate banking, and treasury services.

6. Maybank Philippines, Inc.

The Philippine subsidiary of Malaysia-based Maybank, this commercial bank offers retail and
corporate banking services, including loans, deposits, and investment products.

7. Philippine Veterans Bank

Veterans Bank is a government-owned commercial bank that provides banking services primarily to
military veterans and their families, as well as the general public.

8. East West Rural Bank, Inc. (EastWest Rural Bank)

A subsidiary of EastWest Bank, it offers a wide range of banking products and services primarily
targeting rural areas and the agricultural sector, with a focus on financial inclusion.
9. UCPB Savings Bank
A subsidiary of the United Coconut Planters Bank (UCPB), which was merged with Land Bank of the
Philippines, this commercial bank focuses on providing retail and consumer banking services,
including savings, personal loans, and auto loans.

10. RCBC Savings Bank

A subsidiary of Rizal Commercial Banking Corporation (RCBC), this commercial bank provides banking
services like savings accounts, housing loans, and auto loans for individuals.

11. Citystate Savings Bank

This commercial bank offers traditional banking services like deposits and loans, as well as financing
for SMEs and consumer banking solutions.

12. PBCom (Philippine Bank of Communications)

PBCom offers a wide range of financial services, including retail banking, corporate banking, and
treasury operations. It is known for its strong network of branches and ATMs.

-These commercial banks operate under the supervision of the Bangko Sentral ng Pilipinas (BSP) and
play a crucial role in offering financial services to individuals, SMEs, and large corporations across the
country. They complement the activities of larger universal banks but are more focused on traditional
banking services like deposits, loans, and credit facilities.

Stock savings and mortgage banks in the Philippines are financial institutions that primarily focus on
offering savings deposit products and mortgage loans. They are classified differently from commercial
and universal banks, as their main function is to promote savings and provide financing for home
mortgages and other housing-related projects.

In 2024, stock savings and mortgage banks (thrift banks) in the Philippines primarily focus on
providing savings products, loans, and mortgages to individuals and small to medium-sized
enterprises (SMEs). These banks serve a niche market, offering personalized financial services such as
home loans, auto loans, and personal savings accounts. They are supervised and regulated by the
Bangko Sentral ng Pilipinas (BSP).

Here is a list of prominent stock savings and mortgage banks (thrift banks) in the Philippines in 2024:

1. BPI Family Savings Bank

A subsidiary of Bank of the Philippine Islands (BPI), BPI Family Savings Bank is one of the largest thrift
banks in the country. It specializes in housing loans, auto loans, and personal loans, along with deposit
products like savings and time deposits.

2. Philippine Savings Bank (PSBank)

A subsidiary of Metrobank, PSBank is one of the leading thrift banks in the Philippines. It offers
consumer loan products such as home loans, auto loans, and personal loans, as well as deposit
accounts, including savings and time deposits.

3. RCBC Savings Bank

A subsidiary of Rizal Commercial Banking Corporation (RCBC), RCBC Savings Bank focuses on providing
loans, particularly housing loans, car loans, and personal loans. It also offers various deposit products,
such as savings accounts and time deposits.

4. Sterling Bank of Asia

Sterling Bank of Asia provides a wide range of financial products, including savings and checking
accounts, mortgage loans, auto loans, and personal loans. It has positioned itself as a customer-
centric thrift bank catering to individual clients and SMEs.
5. EastWest Rural Bank (EastWest Bank)
A subsidiary of EastWest Bank, EastWest Rural Bank offers financial products such as savings deposits,
time deposits, and loans. The bank has a focus on housing and consumer loans, catering to individuals
and smaller enterprises.

6. CitySavings (City Savings Bank)

A subsidiary of UnionBank, CitySavings specializes in salary loans, particularly for public and private
school teachers. It also offers personal loans, savings products, and microloans, with a strong focus on
consumer banking.

7. Equicom Savings Bank

A member of the Equicom Group, Equicom Savings Bank offers retail banking services, including
deposit accounts and loan products such as auto loans, housing loans, and personal loans. It caters to
individuals and smaller enterprises.

8. Philippine Business Bank (PBB)

Philippine Business Bank primarily focuses on serving SMEs but also offers deposit products, personal
loans, and mortgage financing. It is known for its lending services to small and medium-sized
businesses.

9. UCPB Savings Bank

A subsidiary of the United Coconut Planters Bank (UCPB), this thrift bank provides savings and loan
products, focusing on housing loans, auto loans, and personal loans.

10. Bank of Makati (A Savings Bank), Inc.

Bank of Makati specializes in consumer loans, particularly for individuals and SMEs. It offers personal
loans, business loans, and deposit products, including savings and time deposits.

11. Producers Savings Bank Corporation

Producers Savings Bank offers deposit and loan services, catering to small businesses and individuals.
It provides housing loans, auto loans, and personal loans, alongside savings and time deposit
accounts.

12. China Bank Savings (CBS)

A subsidiary of China Banking Corporation, China Bank Savings provides a variety of financial products,
including housing loans, auto loans, and savings accounts. It is known for its retail banking services
and caters to individuals and SMEs.

13. Malayan Bank Savings and Mortgage Bank

Malayan Bank provides savings, time deposits, and loan services, including housing loans and business
loans. It focuses on providing financial solutions for personal and business needs.

14. Bank One Savings and Trust Corporation

Bank One Savings provides savings and mortgage banking services to individuals and SMEs. It offers
personal loans, housing loans, and savings accounts tailored to its clients' needs.

15. Philippine Trust Company (Philtrust Bank)

Philtrust Bank, one of the oldest financial institutions in the country, operates as a savings and
mortgage bank. It offers various deposit products and specializes in personal, business, and housing
loans.

--These banks are generally referred to as thrift banks in the Philippines and are regulated by the
Bangko Sentral ng Pilipinas (BSP). They are designed to serve individuals and small businesses,
offering savings products and financing options for homes, which are essential for developing the
housing sector and promoting personal savings.
In the Philippines, savings and loan associations (SLAs) are financial institutions that provide
members with savings options and extend loans, often at more favorable rates than traditional banks.
They are typically cooperatives or mutual organizations, meaning they are owned by their members.
SLAs in the Philippines are regulated by the Bangko Sentral ng Pilipinas (BSP) under the Non-Stock
Savings and Loan Association Act of 1963 (RA 8367).

SLAs primarily serve the needs of specific groups, such as employees, professionals, or community
organizations, providing affordable loans for personal, educational, or housing purposes, while
encouraging savings among their members.

Here are some of the key savings and loan associations in the Philippines:

1. Bahay Pari Credit Cooperative (BPCC)

A well-known savings and loan association serving the clergy, providing them with savings products
and loan services for personal needs, housing, and other requirements.

2. Government Service Insurance System (GSIS) Family Bank

This SLA focuses on providing savings and loan services to government employees and their families.
It offers personal loans, housing loans, and savings products tailored to government workers.

3. Manila Teachers' Savings and Loan Association (MTSLA)

A cooperative providing savings and loan services to teachers, education professionals, and other
members in the education sector. It offers personal loans, emergency loans, and savings products.

4. Air Materiel Wing Savings and Loan Association, Inc. (AMWSLAI)

A large SLA catering primarily to the military, air force personnel, and their families. AMWSLAI
provides savings products and a variety of loan options, such as personal loans, educational loans, and
housing loans.

5. PAG-IBIG Fund (Home Development Mutual Fund)

While more known as a government-run mutual fund, PAG-IBIG also functions as a savings and loan
association. It primarily provides housing loans and savings products for members, who are typically
employees contributing monthly.

6. Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI)
One of the largest SLAs in the Philippines, serving members of the Armed Forces of the Philippines
(AFP), Philippine National Police (PNP), and their families. AFPSLAI offers savings programs and
various loan services, including home and personal loans.

7. PNP Provident Fund

A savings and loan association for members of the Philippine National Police (PNP). It provides savings
options and loan services such as personal, educational, and housing loans.

8. RCBC Savings and Loan Association

A subsidiary of RCBC, this association offers a range of savings and loan services, focusing on personal
savings, deposits, and loans, particularly for small businesses and individuals.

9. Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC)

Serves members of the Philippine Army, offering savings products and loans, including emergency
loans, personal loans, and livelihood loans.

10. Alay Sa Kaunlaran Savings and Loan Association, Inc. (ASKI)

Focused on microfinance and providing financial services to low-income families, small business
owners, and entrepreneurs. ASKI offers savings products and micro-loans to support local
development and entrepreneurship.

11. Kagawad ng Barangay Savings and Loan Association

Provides financial services to local government officials and employees at the barangay level, offering
savings options and loans for personal and community development purposes.

12. Baguio-Benguet Community Credit Cooperative (BBCCC)

A community-based savings and loan association offering savings products, personal loans, and
business loans to its members in the Baguio and Benguet areas.

--These savings and loan associations play a significant role in supporting specific communities or
professions by offering accessible and affordable financial services. They focus on promoting financial
stability and security among their members by fostering a culture of saving and offering loans at
competitive rates.

In the Philippines, private development banks are financial institutions that provide long-term
financing aimed at promoting economic development, especially in rural and underserved areas. They
typically support small and medium enterprises (SMEs), agriculture, and other sectors that may have
limited access to traditional commercial banking services. Private development banks help foster
growth by offering specialized loans for development projects, infrastructure, housing, and business
expansion.

Here are some of the private development banks in the Philippines:

1. Philippine Business Bank (PBB)

A prominent development bank I
n the country, PBB primarily focuses on supporting SMEs with business loans and financial services. It
is a leading player in the private development banking sector, providing medium- and long-term
financing to help businesses grow and develop.

2. Planters Development Bank (Plantersbank)

Known as one of the largest private development banks before its acquisition by China Bank,
Plantersbank specialized in financing SMEs and offered development loans to support business
expansion and local economic growth.

3. One Network Bank (ONB)

ONB, now a subsidiary of BDO Unibank, originally served as a private rural development bank. It
focuses on providing financial services in rural areas, including business loans, microfinance, and
development-focused financing for SMEs and agricultural ventures.

4. CARD SME Bank, Inc.

A member of the CARD Mutually Reinforcing Institutions, CARD SME Bank is committed to supporting
micro, small, and medium enterprises (MSMEs) through savings and loans. It provides financing
solutions to help small businesses grow and thrive.

5. Enterprise Bank, Inc.

A private development bank that provides savings, loans, and financing options for small businesses,
agricultural enterprises, and community development projects. Enterprise Bank focuses on serving
underserved areas in rural parts of the Philippines.

6. Rizal Microbank (A Thrift Bank of RCBC)

Focused on development financing, Rizal Microbank provides microfinance and SME loans to help
small businesses access capital. The bank also supports agricultural development and livelihood
projects in rural communities.

7. EastWest Rural Bank

A subsidiary of EastWest Bank, EastWest Rural Bank focuses on providing financial services to rural
communities, offering loans and savings products that target the needs of small businesses and
agricultural projects.
8. Micro-Enterprise Bank, Inc. (MEB)
A private development bank specializing in microfinance services. MEB supports micro and small
businesses by providing financing for working capital, business expansion, and livelihood
development.

9. First Macro Bank, Inc.

A development bank that provides loans and financial services to microenterprises and small
businesses. It aims to support business growth and rural development through accessible financing
options.

10. BPI Direct BanKo

A microfinance-focused arm of Bank of the Philippine Islands (BPI), BanKo offers financial products to
micro-entrepreneurs and small business owners, promoting inclusive economic growth through
development financing.

--Private development banks in the Philippines are vital to fostering economic growth, especially in
rural and underserved regions. They provide critical financial services, helping small businesses access
capital and expanding the reach of banking services to communities that are often excluded from the
traditional banking system. These banks are regulated by the Bangko Sentral ng Pilipinas (BSP) to
ensure they operate effectively and contribute to national development goals.

In the province of Isabela, cooperative banks play a vital role in providing financial services to local
cooperatives, farmers, small businesses, and rural communities. These banks focus on supporting
agricultural development and offering affordable loans and savings products to their members. While
specific cooperative banks in Isabela may vary, here are some cooperative banks or cooperatives
offering banking services in the region:

1. Isabela Cooperative Bank (ICB)

The Isabela Cooperative Bank is one of the key cooperative banks in the province. It provides a range
of financial services, including savings, loans, and credit facilities to its cooperative members. The
bank aims to promote economic growth in the province by supporting small businesses, agricultural
cooperatives, and rural communities.

2. Cooperative Bank of Cagayan Valley

While its main office is in Cagayan, this bank also extends its services to the neighboring province of
Isabela. It offers savings, credit, and financial products to cooperatives and individual members,
particularly those engaged in agriculture and small business development.

3. Nueva Segovia Consortium of Cooperatives (NSCC)

Although based in Ilocos, NSCC Cooperative Bank provides services to other areas of Northern Luzon,
including Isabela. It offers various financial products such as loans, savings accounts, and investment
options to cooperatives and their members.

4. Mallig Plains Multipurpose Cooperative (MPMC)

Located in Mallig, Isabela, MPMC is one of the prominent cooperatives offering savings and loan
services. While it is a multipurpose cooperative, it provides essential financial services similar to those
of cooperative banks, including loans for agriculture, housing, and small businesses.

5. San Manuel Multipurpose Cooperative

Based in San Manuel, Isabela, this cooperative offers savings and loans to its members, helping
support small business development and agricultural projects. It functions similarly to a cooperative
bank, providing financial inclusion for rural residents.

6. Santiago City Employees Multi-Purpose Cooperative (SCE MPC)

Located in Santiago City, Isabela, this cooperative serves government employees and other members
by offering savings, loan products, and financial services to help improve the economic well-being of
its members.
7. Quirino Isabela Credit Cooperative
This cooperative provides credit and financial services to its members in the Quirino area of Isabela,
with a focus on small loans and savings products for agricultural and rural development.

8. San Agustin Credit Cooperative

Based in San Agustin, Isabela, this cooperative offers savings and loan services to its members,
supporting local farmers, small businesses, and individuals in the area.

9. Alicia Multipurpose Cooperative (AMPC)

Located in Alicia, Isabela, AMPC provides financial services to its members, including savings and loan
products. It focuses on supporting agricultural development and small businesses in the local
community.

10. The First Isabela Cooperative Bank (FICOBank) is one of the prominent cooperative banks in the
province of Isabela. It is a rural banking institution that primarily serves cooperatives, farmers, small
businesses, and local communities. Established with the goal of promoting financial inclusion and
providing affordable financial services, FICOBank operates based on cooperative principles and
mutual benefit.

--Cooperative banks and cooperatives in Isabela are instrumental in promoting financial inclusion and
supporting economic development in rural areas, particularly for the agricultural sector. These
institutions offer accessible credit, savings, and other financial services that help improve the
livelihoods of local farmers, cooperatives, and small businesses. They are regulated by the Bangko
Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA).

Financing companies in the Philippines are non-bank financial institutions that provide loans and
financing options to individuals and businesses. They play a crucial role in the financial system by
offering alternative sources of credit, particularly for those who may have difficulty accessing
traditional bank loans. Financing companies may focus on consumer financing, commercial loans,
leasing, and other types of financial services.

Here are some notable financing companies in the Philippines:

1. Philippine National Bank (PNB) Finance

A subsidiary of PNB, PNB Finance offers personal loans, auto loans, home loans, and business
financing solutions.

2. BDO Unibank, Inc. (BDO Finance)

A subsidiary of BDO, BDO Finance provides consumer loans, auto financing, and other personal
financing options to help individuals meet their financial needs.

3. Asia United Bank (AUB) Finance

AUB Finance offers various financing solutions, including personal loans, auto loans, and business
loans, to cater to both individual and corporate clients.

4. RCBC Savings Bank (RCBC)

A subsidiary of Rizal Commercial Banking Corporation, RCBC Savings Bank provides consumer loans,
auto financing, and personal loans with competitive interest rates.

5. Filipino-owned financing companies

Various local companies provide financing solutions tailored to the needs of specific sectors, such as
agriculture and small businesses. Some of these include:

Tungko Lending Corporation: Offers personal loans and financing solutions for small businesses.
Maguindanao Lending Corporation: Focuses on microfinance and providing loans to local
entrepreneurs.

6. Citifinancial
A subsidiary of Citigroup, Citifinancial provides consumer loans, personal loans, and financing options
for various purposes, including home improvement and education.

7. Home Credit Philippines

A consumer finance company specializing in providing loans for electronics, appliances, and other
consumer goods through easy installment plans.

8. Cashalo
A digital lending platform that offers quick access to personal loans and financial services through a
mobile app, making it convenient for users to apply and manage their loans.

9. Lendpinoy
An online lending platform that offers personal loans, business loans, and other financing options to
cater to the needs of Filipino borrowers.

10. TALA Philippines

A mobile app that provides short-term personal loans to individuals with quick approval and
disbursement, focusing on financial inclusion.

11. Everest Lending

Specializes in providing personal loans and financial services tailored to the needs of individual
borrowers, particularly in urban areas.

12. Pera247
An online lending platform that offers fast and easy personal loans with minimal documentation,
aimed at providing accessible credit to consumers.
Regulatory Framework

--Financing companies in the Philippines are regulated by the Securities and Exchange Commission
(SEC), which oversees their registration and compliance with relevant laws. They must adhere to
guidelines on lending practices, interest rates, and consumer protection. The Bangko Sentral ng
Pilipinas (BSP) also plays a role in ensuring the stability of the financial system, particularly in relation
to financial consumer protection.

---Financing companies provide essential services that help bridge the gap between traditional
banking and the financing needs of individuals and small businesses. They offer a range of products
and services designed to meet the diverse financial requirements of consumers, contributing to
overall economic growth and financial inclusion in the Philippines.

In the Philippines, several corporations operate as securities dealers, providing a range of services
such as brokerage, investment advisory, and underwriting. These firms are regulated by the Securities
and Exchange Commission (SEC) and play a critical role in the capital markets.

Notable Securities Dealers in the Philippines

1. BPI Securities Corporation

A subsidiary of the Bank of the Philippine Islands (BPI), it offers a variety of investment services,
including stock brokerage and research.

2. BDO Securities Corporation

A wholly-owned subsidiary of BDO Unibank, Inc., this firm provides brokerage services, research, and
other investment-related offerings.
3. First Metro Investment Corporation (FMIC)

The investment banking arm of Metrobank, FMIC is involved in securities trading, underwriting, and
asset management.

4. COL Financial Group, Inc.

One of the largest online stock brokerage firms in the Philippines, COL offers trading platforms and
investment advisory services primarily for retail investors.

5. Philippine Bank of Communications (PBCom)

PBCom offers securities trading and investment services through its securities subsidiary, providing
brokerage services to individual and institutional clients.

6. RCBC Securities, Inc.

A subsidiary of Rizal Commercial Banking Corporation (RCBC), it provides brokerage services for stocks
and other securities, as well as investment advisory services.

7. Securities America, Inc.

A registered broker-dealer that provides services such as trading, asset management, and investment
consulting.

8. Asia United Bank (AUB)

AUB has a securities brokerage arm that offers trading services for equities and other financial
instruments.

9. Evercore Group, L.P.

A global investment banking advisory firm that also operates in the Philippines, providing advisory and
capital raising services.

10. Union Bank of the Philippines

The bank's securities trading division offers brokerage services, investment products, and market
research.

--These corporations serve as key players in the Philippine financial markets, providing essential
services such as securities trading, investment advisory, and market research. They are subject to
regulation by the SEC to ensure compliance with securities laws and to protect investors. The
presence of various securities dealers promotes market efficiency and accessibility for both retail and
institutional investors in the Philippines.

n the Philippines, several corporations operate as securities brokers, providing a range of investment
services, including buying and selling securities on behalf of clients, offering investment advice, and
facilitating access to the stock market. These brokers are regulated by the Securities and Exchange
Commission (SEC) and the Philippine Stock Exchange (PSE).

Notable Securities Brokers in the Philippines

1. BPI Securities Corporation

A subsidiary of the Bank of the Philippine Islands (BPI), it offers stock brokerage services, research,
and investment advice to individual and institutional clients.

2. BDO Securities Corporation

A subsidiary of BDO Unibank, it provides brokerage services for stocks, bonds, and other securities,
along with investment research and advisory.

3. COL Financial Group, Inc.

One of the largest online brokerage firms in the Philippines, COL offers a user-friendly platform for
retail investors to trade stocks and access market research.

4. First Metro Investment Corporation (FMIC)

The investment banking arm of Metrobank, FMIC provides brokerage services, research, and
underwriting for various securities.

5. RCBC Securities, Inc.

A subsidiary of Rizal Commercial Banking Corporation (RCBC), it offers brokerage services, investment
products, and market research for clients.

6. Philippine Bank of Communications (PBCom)

PBCom provides securities brokerage services, allowing clients to trade stocks and other financial
instruments.
Union Bank of the Philippines

7. Union Bank has a brokerage division that offers trading services for equities and various investment
products, along with advisory services.
Evercore Group, L.P.

A global investment banking firm that provides brokerage services along with capital raising and
advisory services in the Philippines.

8. AIA Philippines (formerly known as Philam Life)

Offers investment products and securities brokerage services through its network of financial
advisors.
9. Securities America, Inc.

A registered broker-dealer providing trading services, asset management, and investment consulting.

10. CTBC Securities (Philippines) Corporation

A subsidiary of CTBC Financial Holding Co., Ltd., it offers brokerage services and investment advice to
individual and institutional clients.

11. AUB Securities

A subsidiary of Asia United Bank (AUB), providing brokerage services and market research for stocks
and bonds.

---These securities brokers play a vital role in the Philippine financial markets, facilitating the buying
and selling of securities for clients, providing investment advice, and contributing to market liquidity.
Regulated by the SEC and the PSE, these firms are essential for helping both retail and institutional
investors access investment opportunities in the capital markets.

Non-stock savings and loan associations (NSSLAs) in the Philippines are member-based financial
institutions that primarily provide savings and loan services to their members without issuing stock.
They are typically formed by groups of individuals who share a common interest, such as employees
of a company, members of an association, or residents of a particular community.

Examples of Non-Stock Savings and Loan Associations in the Philippines:

1. Philippine Savings and Loan Association, Inc.

A prominent NSLA providing savings and loan services to its members.

2. JAMBS (Joint Action for Micro-Business Success) Savings and Loan Association, Inc.

Focuses on providing affordable loans to members involved in micro-businesses.

3. FDC Savings and Loan Association, Inc.

Aims to promote savings and provide loan products to its members.

4. Letran Savings and Loan Association, Inc.

Established to serve the financial needs of the community associated with the Colegio de San Juan de
Letran.

5. Meralco Employees Savings and Loan Association, Inc.

Provides financial services to employees of the Manila Electric Company (Meralco).

6. San Miguel Corporation Savings and Loan Association, Inc.

Offers savings and loan products to employees and stakeholders of San Miguel Corporation.

7. Tarlac Agricultural University Savings and Loan Association

Serves the financial needs of the university’s faculty, staff, and students.

8. Iloilo City Employees' Savings and Loan Association, Inc.

Provides savings and loan services to employees of the Iloilo City government.
9. Davao Light and Power Company Employees’ Savings and Loan Association, Inc.

Offers financial products to employees of Davao Light and Power Company.

10. Mamati Medical Center Employees Savings and Loan Association

Provides financial services tailored to the needs of employees working at the hospital.

---Non-stock savings and loan associations (NSSLAs) in the Philippines serve as essential financial
institutions that promote savings and provide affordable loan options to their members. They are
governed by the SEC to ensure that they operate fairly and transparently, thereby safeguarding the
interests of their members. By focusing on community and member welfare, NSSLAs contribute to
financial inclusion and economic development in the Philippines.

Building and Loan Associations (BLAs) in the Philippines are financial institutions that focus on
providing savings and loan services, primarily aimed at facilitating home financing and promoting
property ownership among their members. They operate similarly to savings and loan associations
but have a specific focus on housing and real estate.

Examples of Building and Loan Associations in the Philippines:

While BLAs are less common than other financial institutions, some associations with similar functions
may operate under various names. Here are a few examples:

1. Pag-IBIG Fund (Home Development Mutual Fund)

While not a traditional BLA, Pag-IBIG Fund functions similarly by promoting homeownership through
savings and offering affordable housing loans to its members. It serves both public and private sector
employees.

2. Rural Bank of San Jose (Occidental Mindoro)

This rural bank provides services akin to those of a building and loan association, focusing on housing
loans and savings products for its members.

3. South Luzon Building and Loan Association

A local association that focuses on housing financing and savings programs for its members.
Various Cooperative Housing Associations

--Some cooperatives operate similarly to BLAs, providing housing loans and promoting savings for
property acquisition among their members.

---Building and Loan Associations (BLAs) in the Philippines serve as valuable institutions that focus on
promoting homeownership through savings and loan services. They are typically membership-based
and regulated by the SEC to ensure the protection of members' interests. While traditional BLAs may
not be as prevalent, various institutions, including cooperatives and funds like Pag-IBIG, fulfill similar
roles in facilitating affordable housing financing for Filipinos.

Pawnshops are considered non-bank financial institutions (NBFIs) in the Philippines. They operate in
the financial sector but do not have a banking license, and they do not offer traditional banking
services like accepting demand deposits or savings accounts.

---Pawnshops are classified as non-bank financial institutions (NBFIs) in the Philippines. They play a
crucial role in providing financial services, particularly for those seeking quick loans against collateral,
and they are regulated by specific government agencies to ensure compliance and consumer
protection.