Types of banks Expanded commercial banks or universal banks Commercial banks Specialized banks Thrift banks Small private banks
EXPANDED COMMERCIAL BANKS OR UNIVERSAL BANKS Offers wide variety of banking services among financial institutions They can engage in: ◦ Equity investments in non-allied undertaking ◦ Up to 100% equity investments in fiancial intermediaries other than commercial banks
COMMERCIAL BANKS Constitutes the bulk of the banking system Accepts deposits, withdrawals, lending etc. Discount and negotiate promissory notes, drafts, bills of exchange etc.
GOVERNMENT BANKS Development Bank of the Philippines ◦ Provides long term credit to finance private development projects Land Bank of the Philippines ◦ Financial arm of the land reform program
THRIFT BANKS Thrift Bank Act of 1995 provided for the establishment, operation, and supervision of thrift banks to include savings and mortgage banks, private development banks, and stock savings and loan associations ◦ SMB (Savings and Mortgage Banks
SMALL PRIVATE BANKS Rural banks and cooperatives Private development banks
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