25th floor rcbc savings bank corporate center bonifacio global city taguig 1634 philippines3/13/2024 10641, An Act Allowing the Full Entry of Foreign Banks in the Philippines, Amending RA No. Of the 20 foreign banks above, 10 were established in the Philippines under Republic Act No. – Manila Branch, was authorized by the BSP in May 2018. The change of name of The Bank of Tokyo-Mitsubishi UFJ Ltd. Mega International Commercial Bank Co., Ltd.Ģ4. Industrial Bank of Korea – Manila Branchġ8. Industrial and Commercial Bank of China Ltd. First Commercial Bank, Ltd., Manila Branchġ2. United Overseas Bank Limited, Manila BranchĪlphabetical Listing of 25 Commercial Banks, without addressesĦ. Sumitomo Mitsui Banking Corporation – Manila BranchĪyala Triangle, Ayala Avenue, Makati City Dela Rosa St.Ģ5th and 26th Streets, Bonifacio Global City (formerly The Bank of Tokyo-Mitsubishi UFJ, Ltd.) Mega International Commercial Bank Co., Ltd. – Manila Branchħth Avenue Corner 28th Street, Bonifacio High Street – Manila BranchĮmail: and Commercial Bank of China Ltd. – formerly Chinatrust (Philippines) Commercial Bank Corp.įirst Commercial Bank, Ltd., Manila BranchĮmail: owned by Taiwan-based First Commercial Branch – Manila BranchĨ767 Paseo De Roxas 1226 Makati City, Metro Manila – Manila BranchĬhang Hwa Commercial Bank, Ltd. List of Commercial Banks, Arranged Alphabeticallyġ0th Floor, The Enterprise Center, Tower 2Ĭathay United Bank Co., Ltd. Universal Banks can offer commercial banking, securities underwriting and other investment banking services. Of the 25 Commercial Banks, 5 are locally-owned and 20 are owned by foreign banks.Ĭommercial Banks are smaller than Universal Banks in terms of scope of business activities.Ĭommercial Banks can offer various banking services, but they cannot engage in the activities of investment houses or investment banks such as underwriting of securities.
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