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Central Bank of the Philippines
» PhilTrust Bank
(Philippine Trust Company) |
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PhilTrust Bank |
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Philtrust Bank, also known as
the Philippine Trust Company, is the first institution to engage in the
trust business under Philippine law. It started operations on October 21,
1916, ninety-three years ago.
On June 5, 2007, the
Bangko Sentral ng Pilipinas granted the Bank authority to operate as a
universal bank. The Bank offers domestic, international and trust services.
Domestic services include checking accounts, savings accounts, time
deposits, money market placements, business loans, transfer of funds and
collections, remittances, securities investments and safety deposit boxes.
International transactions involve commercial letters of credit, collections
and remittances, foreign exchange, traveler's checks and FCDU transactions.
Trust operations include trust placement, investment management, estate
administration/trustee of bond issues, savings and pension plan
administration, insurance trust, and acting as escrow agent and stock
registrar and transfer agent.
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Its organization was the
result of an increasing number of estates needing administration, minor
heirs requiring guardianship services and other estates which needed
trusteeship relations, of which there was none in existence at the time.
Hence, even in its humble beginnings, the Philippine Trust Company anchored
its hopes for greater service to the community on its commitment to trust
and confidence. |
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Philtrust Bank
Category : Universal & Commercial Banks
SWIFT Code : PHTBPHMM
Address :
Philtrust Bank Building
United Nations Ave cor. San Marcelino Str
Manila, Philippines
Telephone : (63) 2 524-9061
Website : www.philtrustbank.com |
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Philtrust Bank has 37 Metro
Manila branches, 15 Provincial branches and 1 extension office with Main
Office at United Nations Avenue corner San Marcelino Street, Manila. Its
history parallels the growth of contemporary Philippine Banking System.
Known for its conservatism, it has acquired and enjoyed public confidence
and reputation for reliability and efficient service throughout the years.
Trust accounts also involved receiverships, assigneeships, custodian of
wills and estates under court appointed or private administration.
Essentially, therefore, the fiduciary role was the guiding light of the
new company. Banking is indeed vested with public trust and confidence and
the relationship between bank and client must remain deeply rooted
thereon.
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