What is a universal bank or unibank? Well, universal banks are licensed to do many kinds banking activities covering both the activities of a commercial bank (loans, time deposits, savings) and an investment bank (underwriting, issuance of securities, assisting companies in mergers and acquisitions).
In the Philippines, the Bangko Sentral or the Central Bank has the sole right to issue licences to banks who wanted to operate as a unibank. As of August 1, 2012, the Philippines has 21 Universal Banks. Here' the list of them.
1. Banco de Oro Unibank, Inc.
2. Bank of the Philippine Islands
3. Metropolitan Bank & Trust Company
1. Banco de Oro Unibank, Inc.
2. Bank of the Philippine Islands
3. Metropolitan Bank & Trust Company
4. Land Bank of the Philippines
5. Philippine National Bank
6. Allied Banking Corporation
7. China Banking Corporation
8. Rizal Commercial Banking Corporation
9. Union Bank of the Philippines
10. United Coconut Planters Bank
11. Security Bank Corporation
12. Development Bank of the Philippines
13. Philippine Trust Company
14. Al-Amanah Islamic Investment Bank of the Philippines
15. Hongkong and Shanghai Banking Corporation
16. Standard Chartered Bank
17. ANZ Banking Group Ltd.
18. Deutsche Bank AG
19. Internationale Nederlanden Groep Bank N.V. – Manila Branch
20. Mizuho Corporate Bank, Ltd. – Manila Branch
21. East West Banking Corporation
Source: www.bsp.gov.ph
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