BusiFin 3

Question 1

CLASSIFICATION OF BANKS

Answer 1

Government Banks

Universal Banks

Commercial Banks

Thrift Banks

Rural Banks

Cooperative Banks

Question 2

is composed of Universal and Commercial banks, Thrift banks, Rural and Cooperative banks

Answer 2

Philippine banking system

Question 3

Government Bank

Answer 3

1. Land Bank of the Philippines (LBP)
2. Development Bank of the Philippines (DBP)
3. Al-Amanah Islamic Investment Bank of the Philippines

Question 4

• It is established as a corporate and government instrumentality.
• Its main purpose is to help implement the land reform in the Philippines known as the COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP). (5 hectares limit only, more than 5 hectares will go to government)

Answer 4

land bank of the philippines

Question 5

It is the government counter-part of the private development banks. It aims to develop, expand, construct, and rehabilitate our agricultural industry.

Answer 5

Development bank of the phillipines

Question 6

Primarily established to promote and accelerate the socio-economic development of the autonomous region of Mindanao.

Answer 6

Amanah Islamic Investment bank of the philippines

Question 7

• Represent the largest single group, resource-wise, of financial institutions in the country.
• They offer the widest variety of banking services among financial institutions

Answer 7

Universal and Commercial banks

Question 8

• In addition to the function of an ordinary commercial bank, ____________ are also authorized to engage in underwriting and other functions of investment houses, and to invest in equities of non-allied undertakings

Answer 8

Universal banks

Question 9

Example of unversal banks

Answer 9

BPI, BDO, union bank, metrobank

Question 10

Example of commercial banks

Answer 10

Bank of Commerce
ROBINSONSBANK
PBCOM PHILIPPINE BANK OF COMMUNICATIONS
veteransbank
UCPB
RCBC A YGC Member

Question 11

Thrift Banks- is composed of the following

Answer 11

1. savings and mortgage banks,
2. private development banks,
3. stock savings and loan associations, and
4. microfinance thrift banks.

Question 12

are engaged in accumulating savings of depositors and investing them

*They also provide short-term working capital and medium- and long-term financing to businesses engaged in agriculture, services, industry and housing, and diversified financial and allied services, and to their chosen markets and constituencies, especially small- and medium- enterprises and individuals

Answer 12

Thrift banks

Question 13

Example of Thrift Banks

Answer 13

Sterling Bank of Asia
PLANTERSBANK
The SME Bank
Postal Bank
CitySavings Bank - A THRIFT BANK
PRBank
PSBank PHILIPPINE SAVINGS BANK Matrebank Group
↑’Valley Bank

Question 14

• Are the more popular type of banks in the rural communities.
• Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services.

Answer 14

Rural and Cooperative Banks

Question 15

help farmers through the stages of production, from buying seedlings to marketing of their produce.

are usually a family owned business.

Answer 15

Rural and cooperative bank

Question 16

Services Performed by Rural
Banks

Answer 16

Accept savings and time deposits

Can open current and checking accounts provided the rural banks must
secure approval from BSP Monetary Board.

Can act as collection agent

In can act as official depository of municipal, city or provincial funds in the
municipality; city or province where it is located to such guidelines as may
be established by the MB.

Question 17

Statistics based on PDIC and BSPStatistics based on PDIC and BSP - Total Rural Banks :

Answer 17

429, JULY 27, 2021