ANZ receives unibank license from Philippines' central bank

ANZ became the first foreign bank to be granted universal status by Bangko Sentral ng Pilipinas.

BSP Governor Amando M. Tetangco Jr. Wednesday confirmed ANZ Philippines new authority as a unibank.

ANZ Philippines has asked the Bangko Sentral ng Pilipinas (BSP) to upgrade its current status and authority as a commercial bank since as a unibank, it can explore investments in non-allied sectors, according to a report in Manila Bulletin.

BSP requires all unibanks to have a minimum capital of P5 billion while commercial banks should have at least P2.5 billion.

As both a commercial and unibank, ANZ Philippines offers a broad range of deposit accounts, including checking, savings and could also offer time deposits and loans to corporations and individuals. Specifically as a unibank, it now has authority to operate as an investment house and is allowed to invest in non-allied enterprises, such as infrastructure projects.

Follow the link for more news on

Also Read

CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024

PSBC’s capital boost strengthens funding for rural and SME financing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit