Land Bank of the Philippines, is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank, it is officially classified as a "specialized government bank" with a universal banking license.
Bank of the Philippine Islands is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.
Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. It has the second-largest number of ATMs and the smallest number of customers and member banks. However, its strength among the interbank networks and the ubiquity of BPI ATMs have given birth to the Expressnet motto: "The Powerful Connection".
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong. In terms of total assets, the firm is the largest bank in the Philippines and 15th largest in Southeast Asia as of March 31, 2016. BDO Unibank is also a member of SM Group. It is also the largest bank in the country by market capitalization.
The Metropolitan Bank & Trust Company, commonly known as Metrobank, is the fourth largest bank in the Philippines. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc.
Equitable PCI Bank, Inc. was one of the largest banks in the Philippines, being the third-largest bank in terms of assets. It was the largest bank before it was overtaken by Metrobank in 1995. It is the result of the merger of Equitable Banking Corporation and Philippine Commercial International Bank or PCIBank. It was known for a wide range of services from savings to insurance and, through its wholly owned subsidiary Equitable Card Network, was the largest Philippine credit card issuer. The bank merged with Banco de Oro Universal Bank in early 2007, and is now branded as BDO as its new identity as part of the new Banco de Oro Unibank, Inc.
MegaLink is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members.
The Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets.
The Express Payment System, more commonly known as the EPS, was the EFTPOS system originally of the ATM cards of Bank of the Philippine Islands and its subsidiaries, BPI Family Savings Bank and BPI Direct Savings Bank. Today, it is the EFTPOS system of the Expressnet interbank network in the Philippines. The system is the most popular EFTPOS system for ATM cardholders in the Philippines and is accepted nationwide. Rivals of the network include MegaLink's PayLink and the similarly named BancNet Payment System (BPS).
The Banco de Oro-Equitable PCI Bank (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, then the fifth-largest bank in the Philippines, to merge with Equitable PCI Bank, the third-largest bank. The merger was part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine banking industry. It was closed on December 27, 2006, with the formation of Banco de Oro Unibank, Inc.
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network.
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-controlled and was one of the largest banks in the Philippines, ranking within the top twenty banks in the country in terms of assets. It is the only existing universal bank not listed on the Philippine Stock Exchange. The bank, owing to its name, catered heavily to coconut farmers, but also served a wide-ranging clientele.
Nationlink is an interbank network and EFTPOS network in the Philippines. Unlike the main Philippine interbank networks, BancNet, ENS, Expressnet and MegaLink, Nationlink does not attempt to compete. Instead, it seeks to complement those networks by extending the reach of ATMs in the countryside, as the main networks are concentrated in urban areas. Its closest competitor is the Encash Network Service. A USAID funded Ateneo de Manila University research suggests that the network is beneficial for handling remittances.
EastWest Bank, more formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. It was founded in 1994 in Manila by the late tycoon, Andrew Gotianun and his wife. It is a member of the Filinvest Group, led by the Gotianun family. Its headquarters is at The Beaufort, a condominium building by Filinvest in Bonifacio Global City.
Philippine Veterans Bank, also known as PVB and Veterans Bank, is a commercial bank in the Philippines. The bank is owned by Philippine World War II war veterans and their families and caters to both corporate and retail financial markets. As part of its charter, PVB allocates 20% of its annual net income for the benefit of its shareholders.
Encash Network Services, or ENS, is an independent switch network in the Philippines. It initially connected the ATMs of four rural banks. In its 30 months of operation as of May 2010, this network eventually expanded to more than 101 ATMs, targeting all rural banks and cooperatives. ENS is a member of MegaLink, which is interconnected with the other Philippine interbank networks, i.e. BancNet and Expressnet.
RCBC Credit Cards is one of the largest credit card issuers in the Philippines, issuing VISA, MasterCard, JCB, and UnionPay (CUP) credit cards. It also issued its own line of credit and debit cards in the 1990s. RCBC Credit Cards offers an installment conversion facility that allows cardholders to convert their retail purchases to installment including a 0% interest installment.
The BancNet (BN) Point-Of-Sale System is a local PIN-based electronic funds transfer (EFTPOS) payments solution operated by BancNet on behalf of the member banks and China UnionPay (CUP). The BN point of sale (POS) System allows merchants to accept the automated teller machine (ATM) cards of any active BancNet member bank as payment for goods or services and obliges BN to settle the transaction as early as the following banking day through a direct deposit to a settlement account with any member bank. Acceptance of CUP cards is limited to SM Prime Holdings, Inc.'s Department Store, Supermarket, Hypermarket, Super Sale, Watson's, Sports Central, SM Appliance, Toy Kingdom, and select Surplus Stores.
BDO Network Bank, formerly known as One Network Bank (ONB), is a Davao City–based rural bank in the Philippines. Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 branch in Makati and province of Iloilo and a fleet of 135 ATMs throughout the provinces in Mindanao, including 17 localities where it is the sole provider of financial services.
