Money: List of Universal Banks in the Philippines

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...

NOTE: This is just a summary! To view the entire article, click the TITLE of the article to redirect you at www.bloggedphilippines.com

Link to full article