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bus fin > Ch3: bank classifications > Flashcards

Ch3: bank classifications Flashcards

1
Q

enumerate the CLASSIFICATION OF BANKS

A

(6) (GUCTRC)
1. Government Banks
2. Universal Banks
3. Commercial Banks
4. Thrift Banks
5. Rural Banks
6. Cooperative Banks

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2
Q

The BSP monitors and compiles various indicators on the Philippine banking system. The PHILIPPINE BANKING SYSTEM is composed of?

A
  1. Universal and Commercial banks,
  2. Thrift banks,
  3. Rural and Cooperative Banks
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3
Q

examples of Government Banks?

A
  1. Land Bank of the Philippines (LBP)
  2. Development Bank of the Philippines (DBP)
  3. Al-Amanah Islamic Investment Bank of the Philippines
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4
Q

It is established as a corporate and government
instrumentality.

A

Land Bank of the Philippines

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5
Q

Its main purpose is to help implement the land reform in the Philippines known as the (CARP).

  • what is it?
  • what does CARP mean?
  • what is the limit in hectars?
A
  • Land Bank of the Philippines
  • COMPREHENSIVE AGRARIAN REFORM PROGRAM
  • 5 hectares limit only, more than 5 hectares will go to the government
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6
Q

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

A

Development Bank of the Philippines

  • agricultural industry
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7
Q

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

A

Al-Amanah Islamic Investment Bank of the Philippines

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8
Q

Represent the largest single group, resource-wise, of financial institutions in the country.

A

Universal and Commercial banks

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9
Q

They offer the widest variety of banking services among financial institutions.

A

Universal and Commercial banks

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10
Q

They are also authorized to engage in underwriting and other functions of investment houses, and to invest in equities of non-allied undertakings.

A

Universal and Commercial banks

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11
Q

what are the proposed minimum capitalization of universal banks?

A

Head Office only = 3 billion
Up to 10 branches = 6 billion
11 to 100 branches = 15 billion
More than 100 branches =20 billion

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12
Q

Examples of Universal banks?

A
  • union bank
  • metrobank
  • BDO
  • BPI
  • eastwest
  • Chinabank
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13
Q

what are the proposed minimum capitalization of commercial banks?

A

Head Office only = 2 billion
Up to 10 branches = 4 billion
11 to 100 branches = 10 billion
More than 100 branches =15 billion

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14
Q

Examples of Commercial banks?

A
  • Bank of Commerce
  • Philippine bank of communications
  • Robinsons Bank
  • veterans bank
  • RCBC
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15
Q

Thrift banks are composed of the ff?

A

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

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16
Q

Are engaged in accumulating savings of depositors and investing them.

A

Thrift banks

17
Q

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.

A

Thrift banks

18
Q

what are the proposed minimum capitalization of thrift banks? (Head Office in National Capital Region)

A

Head Office in National Capital Region

Head Office only = 500 million
Up to 10 branches = 750 million
11 to 50 branches = 1 billion
More than 50 branches = 2 billion

19
Q

what are the proposed minimum capitalization of thrift banks? (Head Office in All Other Areas Outside National Capital Region)

A

Head Office in All Other Areas Outside National Capital Region

Head Office only = 200 million
Up to 10 branches = 300 million
11 to 50 branches = 400 million
More than 50 branches = 800 million

20
Q

Examples of thrift banks?

A
  • Sterling Bank of Asia
  • Postal Bank
  • Philippine Savings Bank
  • 1st Valley Bank
  • City Savings Bank
  • PRBank
21
Q

Are the more popular type of banks in the rural communities.

A

Rural and Cooperative Banks

22
Q

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.

A

Rural and Cooperative Banks

23
Q

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

A

Rural and Cooperative Banks

24
Q

Rural banks and cooperative banks are differentiated from each other by ownership. How?

A

Rural banks
- are privately owned and managed,

Cooperative banks
- are organized/owned by cooperatives or federation of cooperatives.

25
Q

Are organized to promote and expand the rural economy in an orderly and effective manner by providing farmers and small businessmen with means of facilitating and improving their productive facilities.

A

Rural Banks

26
Q

Are usually a family owned business.

A

Rural Banks

27
Q

true or false?

In granting the loans, rural banks shall give preference to the applications of farmers and merchants whose cash requirements are small.

A

true

28
Q

Loans may be granted by rural banks on security of land without ___________________ where the owner of private properties can show ___ years or more of ______________, ________________, and _________________________________ of the property in the concept of ownership.

A

Loans may be granted by rural banks on security of land without ((Torrens Title)) where the owner of private properties can show ((5)) years or more of ((peaceful, continuous and uninterrupted possession)) of the property in the concept of ownership.

29
Q

enumerate the Services Performed by Rural Banks

A

(4) (ACCI)
- 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.

30
Q

Examples of Rural banks and Cooperative Banks?

A
  • Saviour Bank
  • Bank of Florida
  • Porac Bank
  • Rural Bank of Mexico
  • GRBank
31
Q

what are the proposed minimum capitalization of thrift banks? (Head Office in National Capital Region)

A

Head Office only = 50 million
Up to 10 branches = 75 million
11 to 50 branches = 100 million
More than 50 branches = 200 million

32
Q

what are the proposed minimum capitalization of thrift banks? (Head Office in All Other Areas Outside National Capital Region) (All Cities up to 3rd class municipalities)

A

Head Office only = 20 million
Up to 10 branches = 30 million
11 to 50 branches = 40 million
More than 50 branches = 80 million

33
Q

what are the proposed minimum capitalization of thrift banks? (Head Office in All Other Areas Outside National Capital Region) (4th class to 6th class municipalities)

A

Head Office only = 10 million
Up to 10 branches = 15 million
11 to 50 branches = 20 million
More than 50 branches = 40 million

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