 Began in the 16th century by laymen associated with religious orders

 Funded from the legacies and donations of wealthy individuals

 Sole source of commercial credit
 It’s fund were invested in mortgage in financing loans, trade with
Acapulco and insurance
 Profits were channeled to the construction of churches,
government buildings and other charitable and religious projects
 Among the first banks that emerged in the early 19th century
 In June 1952, SENATOR EULOGIO "AMANG" RODRIGUEZ, Sr.
sponsored a bill passed by the Philippine Congress known as the
“Rural Bank Act”. Republic Act No. 720
 Signed into law by PRESIDENT ELPIDIO QUIRINO which allowed the
creation of rural banks in the countryside.
 More of a loan association than a regular bank
 Established on August 1, 1851 because of the need for more extensive
bank services and facilities
 Established by the Board of Authorities or Junta de Autoridades in Manila
 It was the first state bank in the Philippines
 Named after the Queen of Spain, Isabel II under Spanish colonial rule
 Responsible for starting the country's banking and finance industry
The chartered bank of INDIA,
AUSTRALIA and CHINA opened a
branch in Manila and later, in Iloilo
and Cebu
In 1873, British-Orient bank opened branches in
the country as the result of expanded Philippine-
European trade that followed the opening of
the SUEZ CANAL in 1869
 man-made waterway connecting the Mediterranean
Sea to the Indian Ocean via the Red Sea
 It enables a more direct route for shipping between
Europe and Asia
 The waterway is vital for international trade and, as a
result, has been at the center of conflict since it opened
in 1869
 Established its branch in Manila branch in 1875
 was established in 1865 to finance the growing trade between
Europe, India and China
 The inspiration behind the founding of the bank was Thomas
Sutherland Scot who was then working for the Peninsular and
Oriental Steam Navigation Company
 By the end of the 19th century, the bank was the foremost financial
institution in Asia.
 HSBC was born from one simple idea – a local bank serving
international needs
A unique combination of saving bank and
pawnshop opened in 1882
Provided initial capital by the OBRAS PIAS
Was then renamed MONTE DE PIEDAD AND
SAVINGS BANK
 The BANCO ESPANOL-FILIPINO DE ISABEL II changed its name
to BANK OF THE PHILIPPINE ISLANDS on January 1,1912
 During the American Occupation, seven domestic private
banks came into existence. Branches of Japanese as well as
Chinese banks were also opened during the early part of the
period
 The Postal Savings Bank was put up in 1906
 The 1st agricultural bank was established in 1908 but its assets
and liabilities were transferred to the PHILIPPINE NATIONAL
BANK
 Organized as a government-owned banking institution on July 22, 1916 with
headquarters in the old Masonic Temple along Escolta, Manila
 Its primary mandate was to provide financial services to Philippine industry
and agriculture and support the government’s economic development
effort. World War I, then raging in Europe, generated huge demand for the
country’s major exports
 provides a range of banking and financial services to corporate, middle-
market, small and medium enterprises and retail customers, including
overseas Filipino workers, as well as to the Philippine national government,
national government agencies, local government units and government-
owned and -controlled corporations in the Philippines
 Establishing a managed monetary system in the Philippines
 It was given sole authority to issue the republic’s new paper money,
regulate and supervise the country’s banking system
 More private commercial banks and savings banks into operation
later
 country’s central monetary authority
 was established on 3 January 1949
 The safekeeping of money and other
valuables
The making of payments
 The making of loans
The making of investments