Other banks in the philippines

Question 1

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

Answer 1

UNIVERSAL BANK

Question 2

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

Answer 2

UNIVERSAL BANK

Question 3

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

Answer 3

UNIVERSAL BANK

Question 4

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

Answer 4

UNIVERSAL BANK

Question 5

universal bank proposed minimum capitalization?
head office:

Answer 5

3.00 billion

Question 6

Give 3 example of philippine universal banks

Answer 6

BDO
LAND BANK OF THE PHILIPPINES
PHILIPPINE NATIONAL BANK

Question 7

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

Answer 7

COMMERCIAL BANK

Question 8

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

Answer 8

COMMERCIAL BANK

Question 9

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

Answer 9

COMMERCIAL BANK

Question 10

Give 3 example of philippine comercial banks

Answer 10

BDO
LAND BANK OF THE PHILIPPINES
PHILIPPINE NATIONAL BANK

Question 11

focuses on traditional banking

Answer 11

COMMERCIAL BANK

Question 12

Mainly serves individuals and businesses with their everyday banking needs.

Answer 12

COMMERCIAL BANK

Question 13

Generally simpler and more focused on core banking activities.

Answer 13

COMMERCIAL BANK

Question 14

Lower risk due to the limited scope of services.

Answer 14

COMMERCIAL BANK

Question 15

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

Answer 15

THRIFT BANK

Question 16

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

Answer 16

THRIFT BANK

Question 17

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

Answer 17

THRIFT BANK

Question 18

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

Answer 18

thrifts’

Question 19

Are Some Types of Thrift Banks?

Answer 19

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

Question 20

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

Answer 20

Thrift banks

Question 21

primarily offer consumer accounts and loans,

Answer 21

Thrift banks

Question 22

also offer financial services to businesses

Answer 22

commercial banks

Question 23

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

Answer 23

Thrift banks

Question 24

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

Answer 24

Thrift banks

Question 25

three major types of depository institutions in the United States.

Answer 25

Commercial banks
thrift banks
credit unions

Question 26

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

Answer 26

Thrifts

Question 27

Give 3 example of philippine thrift bank

Answer 27

BANK OF MAKATI
METROBANK
BANKO KABAYAN

Question 28

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

Answer 28

REPUBLIC ACT NO. 7906

Question 29

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.

Answer 29

RURAL BANKS

Question 30

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

Answer 30

RURAL BANKS

Question 31

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

Answer 31

RURAL BANKS

Question 31

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

Answer 31

RURAL BANKS

Question 32

PDIC

Answer 32

Philippine deposit insurance corporation

Question 33

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

Answer 33

PHILIPPINE DEPOSIT INSURANCE CORPORATION

Question 34

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.

Answer 34

PDIC

Question 35

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

Answer 35

PDIC

Question 36

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.

Answer 36

PDIC

Question 37

core mandates are deposit insurance and liquidation of closed banks

Answer 37

PDIC

Question 38

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

Answer 38

PDIC

Question 39

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

Answer 39

Alfredo Montelibano Sr.

Question 40

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.

Answer 40

Republic Act 720

Question 41

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.

Answer 41

Rural Bank

Question 42

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.

Answer 42

Rural Bank

Question 43

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.

Answer 43

Rural Bank

Question 44

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

Answer 44

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

Question 45

FEATURES OF THE RURAL BANK

Answer 45

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

Question 46

TOP 3 RURAL BANKS

Answer 46

• Bank of Makati
• One Network Bank, Inc.
• Card Bank Inc

Question 47

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

Answer 47

PDIC

Question 48

PHILIPPINE DEPOSIT INSURANCE CORPORATION

Answer 48

PDIC

Question 49

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

Answer 49

PDIC

Question 50

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.

Answer 50

PDIC

Question 51

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

Answer 51

PDIC

Question 52

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.

Answer 52

PDIC

Question 53

core mandates are deposit insurance and liquidation of closed banks

Answer 53

PDIC

Question 54

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.

Answer 54

PDIC