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11 Cards in this Set

  • Front
  • Back

First bank.


Its purpose is more on loan association.

Rodriguez Bank (19th Century)

First state bank

Banco Español-Filipino de Isabel II (1851)

Opened a branch in Manila and later on in Cebu and Iloilo

Chartered Bank of India, China, and Australia (1872)

opened it's branch in the country in 1873

British-Orient Bank

Established it's Manila branch in 1875

Hong Kong and Shanghai Banking Corporation

First mutual savings bank in the country

Monte de Piedad y Caja de Ahorros (1882)

First agricultural bank

Postal Savings Bank (1906)

In what year Banco Español- Filipino de Isabel II changed it's name to Bank of the Philippine Islands

1912

The year assets and liabilities we're transferred to Philippine National Bank

1916

When was Central Bank of the Philippines created?

Three years after the American Regime

Why BSP was created?


• manage the monetary systems in Philippines


• issue public's new paper money


• regulate and supervise the banking system of the country