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Banking and finance > Other banks in the philippines > Flashcards

Other banks in the philippines Flashcards

able to describe, understand and explain the products and services being offered by a commercial banks and thrift banks. able to describe, understand and explain the products and services being offered by a Rural Bank and operations of PDIC.

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1
Q

a term for banks that offer a variety of comprehensive financial services, including both commercial banking and investment banking services.

A

UNIVERSAL BANK

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2
Q

Serves a broader range of clients, including individuals, businesses, and large corporations

A

UNIVERSAL BANK

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3
Q

More complex due to the integration of multiple financial services under one roof.

A

UNIVERSAL BANK

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4
Q

Higher risk because of the diverse range of services and the potential for greater exposure to different financial markets.

A

UNIVERSAL BANK

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5
Q

universal bank proposed minimum capitalization?
head office:

A

3.00 billion

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6
Q

Give 3 example of philippine universal banks

A

BDO
LAND BANK OF THE PHILIPPINES
PHILIPPINE NATIONAL BANK

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7
Q

refers to a financial institution that accepts deposits and offers different banking and financial products.

A

COMMERCIAL BANK

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8
Q

make money by providing and earning interest from loans such as mortgages, auto loans, business loans, and personal loans.

A

COMMERCIAL BANK

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9
Q

Customer deposits provide banks with the capital to make these loans.

A

COMMERCIAL BANK

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10
Q

Give 3 example of philippine comercial banks

A

BDO
LAND BANK OF THE PHILIPPINES
PHILIPPINE NATIONAL BANK

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11
Q

focuses on traditional banking

A

COMMERCIAL BANK

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12
Q

Mainly serves individuals and businesses with their everyday banking needs.

A

COMMERCIAL BANK

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13
Q

Generally simpler and more focused on core banking activities.

A

COMMERCIAL BANK

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14
Q

Lower risk due to the limited scope of services.

A

COMMERCIAL BANK

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15
Q

type of financial institution that specializes in offering savings accounts and originating home mortgages for consumers.

A

THRIFT BANK

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16
Q

also called a Savings and Loan Association (S&L)

A

THRIFT BANK

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17
Q

is a type of financial institution that specializes in offering savings accounts and originating home mortgages for consumers.

A

THRIFT BANK

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18
Q

traditional savings accounts and home loan origination, these institutions also offer checking accounts, personal and car loans, and credit cards for consumers.

A

thrifts’

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19
Q

Are Some Types of Thrift Banks?

A

*savings banks,
*private development banks
*stock savings and loan associations.

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20
Q

operate similarly to traditional banks, but they are designed to serve consumers rather than businesses.

A

Thrift banks

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21
Q

primarily offer consumer accounts and loans,

A

Thrift banks

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22
Q

also offer financial services to businesses

A

commercial banks

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23
Q

generally smaller, local institutions and don’t have the reach and resources of large banks with branches nationwide.

A

Thrift banks

24
Q

increasingly offering the same services as commercial banks, creating less of a distinction between the two

A

Thrift banks

25
Q

three major types of depository institutions in the United States.

A

Commercial banks
thrift banks
credit unions

26
Q

offer many of the same services as commercial banks, including debit and credit cards and savings and checking accounts.

A

Thrifts

27
Q

Give 3 example of philippine thrift bank

A

BANK OF MAKATI
METROBANK
BANKO KABAYAN

28
Q

AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF THRIFT BANKS, AND FOR OTHER PURPOSES.

A

REPUBLIC ACT NO. 7906

29
Q

is a private banking institution that serves rural areas that mobilizes financial resources and manages and provides loans to people who want to have a business but struggle in the capital, especially in the Rural Areas. from the highly-dense metropolitan cities in a country.

A

RURAL BANKS

30
Q

traditional banks that serve farmers, fishermen, workers or communities away from the highly-dense metropolitan cities in a country.

A

RURAL BANKS

31
Q

are physically well-positioned to respond to the existing financial gap given their geographic advantage and expansive network.

A

RURAL BANKS

31
Q

enactment of Republic Act 720 happened to promote the development of Rural Banking because of World War II’s impact.

A

RURAL BANKS

32
Q

PDIC

A

Philippine deposit insurance corporation

33
Q

government instrumentality created in 1963 by Republic Act 3591, as amended, to insure the deposits of all banks

A

PHILIPPINE DEPOSIT INSURANCE CORPORATION

34
Q

tasked to strengthen the mandatory deposit insurance coverage system to generate, preserve, maintain faith and confidence in the country’s banking system; and protect it from illegal schemes and machinations.

A

PDIC

35
Q

exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability.

A

PDIC

36
Q

government instrumentality created in 1963 by virtue of Republic Act 3591 to provide depositor protection and promote financial stability. It is an attached agency of the Bangko Sentral ng Pilipinas.

A

PDIC

37
Q

core mandates are deposit insurance and liquidation of closed banks

A

PDIC

38
Q

is a government instrumentality created in 1963 by Republic Act 3591, as amended, to insure the deposits of all banks.

A

PDIC

39
Q

the Rural Bankers Association of the Philippines was established as a non-incorporated association of Rural Financial Institutions, and WHO LED IT?

A

Alfredo Montelibano Sr.

40
Q

helped lay the groundwork for R.A. 7353, the Rural Banks Act of 1992, particularly on January 22, and the law protects the people in the rural area to regard the need for more fair distribution of opportunity, money, and wealth. Also, to make loans accessible in rural areas, farmers and small enterprises with little financial need prioritize loan approval.

A

Republic Act 720

41
Q

aims to promote and expand the Rural Economy in the Rural Communities, especially the places that are hard to reach the Urban Area to do some financial services.

A

Rural Bank

42
Q

The bank also helps to expand the agricultural sector in the Rural Areas to aid them in credit to start capital for their agriculture business. It also encourages the people from the rural areas to be entrepreneurs and create job opportunities in the rural areas.

A

Rural Bank

43
Q

must be operated with a Certificate of Authority from the Monetary Board of the Central
Bank, and it is a for-profit organization that issues stock to shareholders to raise capital with no less than
five or more than fifteen incorporators.

A

Rural Bank

44
Q

Qualification to apply as one of the stockholders in the Rural Bank:

A
  • Filipino Citizenship
  • Good Moral Character and Integrity
  • Financial Capacity
  • Good Credit Standing
  • Not Convicted of any crime involving moral turpitude
45
Q

FEATURES OF THE RURAL BANK

A

The bank’s president and at least a majority of key executive officers must be residents of the Rural.

  • Key Executives Officers must not be related to one another.
  • No individual or family group (those related within the 3rd degree of consanguinity or affinity)
    shall own or control more than 35% of the voting shares upon the organization of the rural bank.
  • No officer or director of a rural bank can be an officer or director of another rural bank.
  • A person connected in the government, whether by election or appointment, cannot serve as
    officers of the rural bank
46
Q

TOP 3 RURAL BANKS

A
  • Bank of Makati
  • One Network Bank, Inc.
  • Card Bank Inc
47
Q

a government instrumentality created in 1963 by Republic Act 3591, as amended, to insure the deposits of all banks.

A

PDIC

48
Q

PHILIPPINE DEPOSIT INSURANCE CORPORATION

A

PDIC

49
Q

exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability.

A

PDIC

50
Q

is tasked to strengthen the mandatory deposit insurance coverage system to generate, preserve, maintain faith and confidence in the country’s banking system; and protect it from illegal schemes and machinations.

A

PDIC

51
Q

exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability.

A

PDIC

52
Q

a government instrumentality created in 1963 by virtue of Republic Act 3591 to provide depositor protection and promote financial stability. It is an attached agency of the Bangko Sentral ng Pilipinas.

A

PDIC

53
Q

core mandates are deposit insurance and liquidation of closed banks

A

PDIC

54
Q

prides itself as a professional, committed and responsive public service institution and a champion in governance. It is a socially responsible corporation which advocates to empower every Filipino through financial literacy.

A

PDIC

Banking and finance (6 decks)

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