Term Bank

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Land bank - A land bank is a bank that issues long-term loans on real estate in return for mortgages. This term could also apply to the former Federal Land Bank Association in the U.

Land Bank - A land bank is a bank that issues long-term loans on real estate in return for mortgages. This term could also apply to:

Banco de Oro-Equitable PCI Bank merger - The Banco de Oro-Equitable PCI Bank merger is a plan by the SM Group of Companies and Banco de Oro Universal Bank, the sixth-largest bank in the Philippines, to merge with (although it is considered by some as an acquisition) Equitable PCI Bank, the third-largest bank. The merger is part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine banking industry.

Non-bank subsidiary - Non-bank subsidiaries, are firms owned by bank holding companies which offer non-bank products and services, such as insurance and investment advice, and do not offer FDIC insured banking products, such as checking and savings accounts. Such companies customarily use the term "banc" to define themselves - denoting that while being associated with a bank or holding company, they do not offer bank services.

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Rizal Commercial Banking Corporation - RCBC's focus has been on providing integrated financial services and on further strengthening the bank's capital to maximize opportunities and remain resilient in times of difficulties. In terms of total resources in 1997, it ranks sixth among privately owned domestic commercial banks.

Citibank, N.A. - The largest foreign bank in the Philippines in terms of customer, assets, revenues, employees, and number of domestic branches. With a staff of over 1,400 employees, 98% of which are local staff, it is the only foreign bank ranked among the top ten commercial banks in the country. It is also the largest issuer of credit cards (Mastercard and Visa).

Hanvit Bank - Korea's largest commercial bank in terms of total assets, offers a full-range of banking services and products for both individuals and corporations.

Source: BazSites.com

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