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 PHILIPPINE
BUSINESS BANK, INC., a thrift bank, started operations
on February 12, 1997 as TOTAL SAVINGS BANK and obtained
S.E.C. approval of its change in corporate name
before the year was over. The Bank's current name
sets out clearly the Bank's thrust and future plans.
The Bank's prime clients include business establishments,
both small and medium enterprises (SMEs) and large
companies. To keep itself close to the small and
medium scale businesses it seeks to serve, Philippine
Business Bank operates from its office in Caloocan
City, not in the plush Makati or Ortigas business
centers as favored by other banks.
Although considered as a newcomer in the banking
community, PBB established in its first year - ten
branches. By the end of its second year, it had
15 branches in Metro Manila and neighboring business
centers. In the next years, PBB aims to branch out
into the country's other business hubs. At present,
Philippine Business Bank has a total of 60 branches
nationwide. |
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