Their presence in the society strengthens us, thus, this simply implies that we, the people living in the community are financially literate when it comes to keeping our money.
Try to imagine without having them in our lives. Can you keep your thick, fat money in your pocket or in any secret portion of your house? Where are you going to get some money for life’s unplanned situations? It’s really hard for us to imagine these situations I’ve mentioned. Well, banking is really important to our lives. Without it, the financial world is at chaos.
The Philippines has many banks. The presence of various financial institutions on our islands emphasizes the fact that we Filipinos are “In” in the financial world. We do have them to strengthen our country’s economic power, and of course, they are there to help us reach our goals in life.
Philippines' Ranking of Largest Commercial Banks
(as of 2nd Quarter of 2013)
A S S E T S (in Billions of Philippine Pesos)
D E P O S I T S (in Billions of Philippine Pesos)
L O A N S (in Billions of Philippine Pesos)
A S S E T S under Management (in Billions of Philippine Pesos)
B R A N C H N E T W O R K
A T M N E T W O R K
*loans and receivables (consists of loans to BSP, Interbank Loans Receivable, Loans and Receivables-Others, and loans and receivables arising from RA/CA//PR/SLB
Source: BSP
"Being the largest means it is the best among the rest".
Is this statement true? Leave your comments below. Thanks!
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