Scribd
Upload
799 views2 pages

Bank Classification

The Bangko Sentral ng Pilipinas (BSP) classifies banks into five main types: Universal, Commercial, Thrift, Rural, and Cooperative Banks, each serving different sectors of the economy. Universal Banks offer full-service banking, Commercial Banks focus on individual and corporate banking, Thrift Banks cater to individuals and small businesses, Rural Banks support rural economies, and Cooperative Banks serve cooperatives and their members. Understanding these classifications is essential for recognizing how various banking institutions operate within the Philippines.

Uploaded by

Kachien Dontogan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
799 views2 pages

Bank Classification

The Bangko Sentral ng Pilipinas (BSP) classifies banks into five main types: Universal, Commercial, Thrift, Rural, and Cooperative Banks, each serving different sectors of the economy. Universal Banks offer full-service banking, Commercial Banks focus on individual and corporate banking, Thrift Banks cater to individuals and small businesses, Rural Banks support rural economies, and Cooperative Banks serve cooperatives and their members. Understanding these classifications is essential for recognizing how various banking institutions operate within the Philippines.

Uploaded by

Kachien Dontogan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

GENERAL CLASSIFICATIONS - GROUP 3

Bank Classification Real-World - Operating in the Philippines

Universal Bank BDO Unibank Metro Bank, BPI

Commercial Bank Asia united Bank, China Bank

Thrift Bank City Savings Bank, Philippine Business Bank

Rural Bank Rural Bank of Silay, Rang-ay Bank

Cooperative Bank Cooperative Bank of Misamis Oriental.


CLIMBS of Life and General Insurance
cooperative

Summary of Bank Classifications According to BSP MORB

The Bangko Sentral ng Pilipinas (BSP), through the Manual of Regulations for Banks (MORB),
classifies banks into five main types. These classifications are based on the nature, functions,
and scope of services each bank provides. Understanding these classifications helps clarify how
different banking institutions serve various sectors of the economy, from large corporations to
rural communities.

1. Universal Banks

Universal Bank is primarily focused on full-service banking and investment activities. They
provide deposits, and lending services. They have the highest capital requirement.

2.Commercial Banks

Commercial Bank is focused on general commercial banking provided for individuals and
corporations. They offer business and personal loans and accepts deposit such as time deposits
and savings deposits.

3. Thrift Banks

Thrift Bank offers financial services to individuals, household and small to medium businesses.
They also accepts consumer loans and deposits.

4. Rural Banks
Rural banks are designed to support the development of the rural economy. They mainly serve
farmers, fishermen, small business owners, and rural communities by providing them with easy
access to credit and banking services. These banks operate mostly in provinces and towns.

5. Cooperative Banks

Cooperative banks are mainly focused on providing financial services to cooperatives and its
members. It is owned, controlled and operated by cooperatives. The function of this type of
bank is under Bangko Sentral ng Pilipinas (BSP) and Cooperative Development Authority
(CDA).

You might also like