Categorie: Emerging Markets
Submitted 3 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
The Philippine banking system is made up of four types of banks - commercial banks (further subdivided into universal and regular commercial banks), thrift banks, rural banks and cooperative banks. These banks are differentiated according to size of capitalization and types of activities that they may undertake. In terms of capitalization, universal and regular commercial banks have a minimum required capital of P4.9 billion and P2.4 billion, respectively, thriftbanks with head office in Metro Manila, P325 million and thrift banks with head offices outside MM, P52 million. Rural and cooperative banks range from 2.6 million to P20 million depending on the type of municipality. Aside from the minimum capital, banks are also required to satisfy a minimum risk-based capital adequacy ratio of 10 percent.Technology providers are ready with the technologies for e-banking. Many rural banks function similarly to major banks the world over, offering personal, business and corporate banking services through a wide variety of means. There are currently 38 universal and commercial banks, 80 thrift banks and 727 rural banks now regulated b...
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Submitted 3 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
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