name: Philippine Financial Bank
Banco de Oro Universal Bank is a Philippine financial bank. It is one of the largest banks in the Philippines. The bank is a subsidiary of SM Group, which is the largest corporate group in the Philippines and is owned by the tycoon Mr. Shi Zhicheng.
Philippine Financial Bank is an all-round bank that provides comprehensive services. Its business includes: retail and corporate markets (corporate, middle market, SME and consumer loans), deposits, foreign exchange, brokerage, trust, investment, credit card, corporate cash management and remittance.
The Financial Bank of the Philippines provides leasing and financing, investment banking, private banking, bancassurance, insurance brokerage and stock brokerage services through its subsidiaries.
The Financial Bank of the Philippines was established in Manila, Philippines on January 2, 1968. At first, it only served as a savings bank called Acme Savings Bank.
In November 1976, Acme Savings Bank was acquired by the retail tycoon Mr. Shi Zhicheng currently owned and renamed Banco de Oro Savings and Mortgage Bank.
Philippine Financial Bank is headquartered in Makati, Philippines. The senior honorary chairman is Mr. Shi Zhicheng, and the president and CEO is Nestor Wutan. In fiscal year 2011, bank revenue was US$1.165 billion, net income was US$244 million, and total assets were US$25.337 billion. It has 23,598 employees.
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