02 Flashcards
in 2000 bc, early banking practices started in
babylon
what kind of transactions engaged evidence by tablets of clay
credit transactions
credit transactions engaged evidence by tablets of what
clay
credit transactions engaged evidence by tablets of clay, what year
2000 bc
temples
4th century bc
4th century bc
- temples
- private bodies and public firms deal in deposits and lending of funds
private bodies and public firms deal in deposits and lending of funds
4th century bc
Transactions were registered by public notaries
2nd century ad
2nd century ad
Transactions were registered by public notaries
8th century
bank drafts and checks were in wide use in Assyria.
in 5th century, what kind of drafts and checks were in wide use in assyria
bank drafts and checks
in 5th century, where were bank drafts and checks in wide use
Assyria
16th century
- ruled by Fugger Family
- John’s Laws financial system almost spelled ruin to France
who is the german family that ruled 16th century
Fugger Family
what financial system almost spelled ruin to France
John’s Laws financial system
first financial institution that was organized flourishing galleon trade between the Philippines and Mexico
Obras Pias
capital came from pious catholics and funds were loaned out interest
Obras Pias
charity foundation by laymen used for charity works and religious activities
Obras Pias
it became a banking institution run by the friars
Obras Pias
one of the first banks to emerge in the 19th century
Rodriguez Bank
first established commercial bank performing general banking functions and partfly financed foreign trade
Bangko Espanol - Filipino (1828)
on ___, Bangko Espanol - Filipino was given privilege note of issue
October 17, 1854
On October 17, 1854, Bangko Espanol - Filipino was given a what?
privilege note of issue
what is the current name of Bangko Espanol - Filipino
bank of the philippine islands (banco delas Islas Filipinas)
the opening led to accessibility of European Markets
Suez Canal (1869)
establishses branched in the country
chartered bank of india, australia, and china
a savings bank during the spanish era, established in 1882
Monte de Pieded (1882)
this bank put up a branch in the philippines in 1853
banco peninsula ultramarino in madrid
during what era did banks continue to do business and soon was joined by branches of Internaiton Banking Corporation and the Guranty Trust Company
american era
During what era did Postal Savings Bank was also created as parcel to the bereau of post
American era
during american era, banks continue to do business and soon was joined by?
- International Banking Corporation
- Guaranty Trust Company
during american era, what bank was created as parcel to the bureau of post
Postal Savings Bank
during american era, Postal Savings Bank was also created as what?
as parcel to the bureau of post
enumerate the banks established after world war I
- Yokohama Specie Bank (1919)
- China Banking Corporation (1920)
- Peoples Bank and Trust Company
- Mercantile Bank of China (1926)
upon the establishment of Commonwealth, ___ opened in 1973
Netherlands Indische Handels bank
what year did the Netherlands INdische Handels bank opened?
1973
after upon the establishment of ___ did the Netherlands Indische Handels bank opened?
Comonwealth
The Philippine bank of Commerce was the first?
first private bank with genuine Filipino capital
what year did the Philippine bank of Commerce was established?
1938
the first private bank with genuine Filipino capital
The Philippine bank of Commerce
in 1939, what are the three banks that commenced commercial banking operations
- Bank of the Commonwealth
- Philippine Bank of Communications
- government owned Agricultural - Industrial bank
