Financials • Philippines
Philippine Business Bank, Inc., a savings bank, provides various banking and financial services in the Philippines. It operates through Consumer Banking, Corporate Banking, and Treasury Operations segments. The company offers deposits and investment services, including savings and checking accounts, automatic transfer accounts, payroll accounts, CASA, campus savers, time deposits, hi-green funds, Hi-5 TDs, and FCDU savings and time deposits. It also provides commercial, industrial, and developmental loans comprising bills purchase, term loans, omnibus line, discounting line, trade finance, agricultural loans, bus loans, and floor stock/inventory financing products, as well as specialized lending facilities for small and medium enterprises. In addition, the company offers consumer loans consisting of auto loans, salary loans, housing loans, and personal loans. Further, it provides trust products and services, including diamond funds; living trusts; employee benefit plans under trust; trustee of pre-need plans; escrow agency; mortgage trusts; investment management arrangements for both individual and commercial clients; security, safekeeping, and depository arrangements; and funds management of employee benefit and pre-need plans. Additionally, the company offers cash management services, remittance services, local payment orders, foreign drafts, safety deposit box facilities, night depository boxes, group payroll services, bills payment/collection services, and SSSPayments/PhilHealth products. As of February 5, 2015, it had approximately 116 branches in the Philippines. Philippine Business Bank, Inc. was founded in 1997 and is headquartered in Caloocan, the Philippines.
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