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Equitable PCI Bank

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Philippine bank, with Equitable as the survivor of the merger. The name Equitable PCI Bank was adopted. Head offices at the former PCI Bank Towers I and II were renamed to the Equitable PCI Bank Towers I and II, and the Equitable Banking Corporation Binondo Center and at the Equitable Banking Corporation Tower, also in Makati.
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The 1980s proved hard for the Lopezes because all of their businesses were seized by President Marcos. To this day The Romualdez-Lopez dispute case still remains at court. Also in the 1980s, when Gokongwei entered PCIBank, he also owned Far East Bank and Trust Co, and talks of a merger surfaced which
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In 1977, the bank received its foreign currency license from the BSP and in 1980, issued its first credit cards under the VISA (credit card) and Visa brand. In 1987, Equitable became a universal bank and was appointed the clearing house of the Makati Stock Exchange, now the Philippine Stock Exchange.
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The 1980s was a very significant decade in the bank; in 1982 it officially decided to adopt the history of the Philippine Bank of Commerce (PBC), resulting in it becoming the first Filipino-owned private commercial bank in the country. It established its ExpressPadala Center in Ermita, and pioneered
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PCIBank has a diverse and unique history. It was established in July 1938 as the Philippine Commercial Industrial Bank, with its head office in Dasmariñas Street, Binondo, Manila. In 1966, it moved its head office to the corner of T.M. Kalaw and A. Mabini Streets (building now demolished). In 1976,
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and Banco de Oro Universal Bank announced that they have purchased a 24.76% stake of Equitable PCI from the Go family (Equitable Banking Corporation), the family that founded the bank, along with a 10% stake in Equitable CardNetwork. Subsequent acquisitions by Banco de Oro enabled it to gain a 34%
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On January 6, 2006, Banco de Oro Universal Bank submitted a merger offer to the bank, with Banco de Oro as the surviving entity. Under the proposed offer, Banco de Oro would swap 1.6 of its shares for every 1 share of Equitable-PCI (The merger occurred, but BDO Shareholders were to swap 1.8 BDO
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On August 15, 1963, Equitable established its first branch outside the Philippines in Hong Kong and only International Branch, the first time a Philippine bank opened a branch in the city. Two years later, on March 26, 1965, Equitable opened its first provincial branch in Cebu City. By 1972,
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The shares of the Lopez and Gokongwei families were sold to the SSS and GSIS, which acquired 78% of PCI Bank shares that were bought by the Go-Led Equitable Banking Corporation. They merged in 1999 and were approved by the Bangko Sentral and other agencies that had created the third largest
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The PCIBank Group also had three companies/subsidiaries listed at the Philippine Stock Exchange, namely the mother bank itself (PSE:PCI); Bankard, now an affiliate of RCBC (PSE:BKD); and PCI Leasing and Finance (PSE:PCIL), now named BDO Leasing and Finance (PSE:BLFI).
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on the book values of both banks to be assessed by an independent accounting firm using international accounting standards. With the success of this merger, Banco de Oro became the second largest bank, with assets of P613 billion, after the current industry leader,
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the remittance business in the country. In 1983, it decided to change the "I" in PCIBank from "Industrial" to "International", to reflect the wide foreign office network of the bank. In 1985, it merged with the Insular Bank of Asia and America.
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Addressing the various needs of its customers, PCI Bank set up subsidiaries to provide services ranging from leasing, investment banking and stock market transactions to credit cards, consumer loans, insurance, and overseas remittances.
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it merged with the Philippine Bank of Commerce and Merchants Banking Corporation, creating then the largest branch network. This tripartite merger transformed PCIBank into one of the largest financial institutions in the country.
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and Keppel Bank) to prove that the 'Jose Velarde' account was owned by Estrada (which also invested on the merger of the Equitable Banking Corporation and then the Lopez-Gokongwei led Philippine Commercial International Bank).
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In 1958, Equitable established the only direct telex service between the Philippines and Japan at the time, with initial messages exchanged between Equitable and Chase Manhattan Bank of Tokyo.
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On June 17, 1950, Equitable Banking Corporation was founded by Go Kim Pah as the first commercial bank in the Philippines, licensed by the newly formed Central Bank of the Philippines (now
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in 1995. It is the result of the merger of Equitable Banking Corporation and Philippine Commercial International Bank or PCIBank. It was known for a wide range of services from savings to
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On July 27, 1996, Equitable Savings Bank was established as Equitable's savings bank arm. Equitable listed on the Philippine Stock Exchange on April 3, 1997, and in 1999.
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to third place, with P582 billion in assets. BDO has since surpassed Metrobank in asset, loan and deposit sizes to become the largest lender in the Philippines.
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were formed and licensed during the Spanish or American regimes. However, it was not until 1955 that Equitable opened its first branch in Divisoria.
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bought shares in the bank, becoming the second largest stockholder. He appointed Rafael Buenaventura to head PCIBank as President and CEO.
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and, through its wholly owned subsidiary Equitable Card Network, was the largest Philippine credit card issuer. The bank
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Trans Middle East Philippines Equities: 7.13% (the company of former Chairman Martin Romualdez)
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Trans Middle East Philippines Equities: 7.13% (the company of former Chairman Martin Romualdez)
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shares for every EPCI share). As a second option, Banco de Oro also offered to base the
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In 1989, Equitable turned its credit card department into a wholly owned subsidiary,
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The bank played an important role in the impeachment trial of the former president
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PCI Bank has won a string of "Bank of the Year" awards from the editors of
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Far East Bank and Trust Company (PCIBank's sister bank; acquired by BPI)
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https://web.archive.org/web/20070927212448/http://www.equitablepcib.com/
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of which it is the BancNet Operator along with Metrobank and RCBC.
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as its new identity as part of the new Banco de Oro Unibank, Inc.
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PCI Bank Logo prior to merger with Equitable Banking Corporation
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Equitable PCI Bank logo with tagline prior to merger with BDO
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Government Service Insurance System (Philippines): 12.7%
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would have created the largest bank in the Philippines.
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Premiere Development Bank (merged with Security Bank)
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Al-Amanah Islamic Investment Bank of the Philippines
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Rafael B. Buenaventura, (President and CEO, PCIBank)
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Go Kim Pah (founder, Equitable Banking Corporation)
685:It is a member of both leading ATM networks in the 57:. Unsourced material may be challenged and removed. 818: 491:Equitable emerged as the country's premier bank. 1576: 300:Rene J. Buenaventura (former President and CEO) 731:(the Equitable Banking Corporation ATM network) 693:of which it is a founding member and PCIBank's 661:Equitable PCI Bank's main competitors included 1186: 804: 518:, then the Philippines' largest ATM network. 389: 304:John Gokongwei Jr. (Vice Chairman, PCIBank) 574:In 1991, PCIBank formed BancNet along with 1193: 1179: 811: 797: 1615:2007 disestablishments in the Philippines 1298:International Container Terminal Services 471: 262:in 2007 and assumed the Banco de Oro name 117:Learn how and when to remove this message 531: 393: 14: 1577: 746:Banco de Oro-Equitable PCI Bank merger 302:Eugenio Lopez Jr. (Chairman, PCIBank) 1174: 792: 382:in early 2007, and is now branded as 1529:Rizal Commercial Banking Corporation 55:adding citations to reliable sources 26: 462:Metropolitan Bank and Trust Company 24: 606:Before merging with Banco de Oro: 527: 25: 1626: 1201: 819: 707: 298:Antonio L. Go (former Chairman) 144: 31: 480:). Other commercial banks like 337:net_income = P2.65 billion 42:needs additional citations for 1549:Southeast Asia Cement Holdings 1434:Energy Development Corporation 767: 667:Bank of the Philippine Islands 656: 610:PCD Nominee Corporation: 2.31% 482:Bank of the Philippine Islands 466:Bank of the Philippine Islands 420:Bank of the Philippine Islands 13: 1: 1605:2007 mergers and acquisitions 1600:1999 mergers and acquisitions 760: 1610:Banks disestablished in 2007 1368:Universal Robina Corporation 601: 512:United Coconut Planters Bank 428:Land Bank of the Philippines 7: 1138:International Exchange Bank 835:Bangko Sentral ng Pilipinas 700: 642:bought the majority stake: 478:Bangko Sentral ng Pilipinas 380:Banco de Oro Universal Bank 223:; 25 years ago 10: 1631: 725:(the PCI Bank ATM network) 647:SM Investments Corporation 640:SM Investments Corporation 390:Equitable PCI Bank history 128: 1595:Banks established in 1938 1590:Companies based in Makati 1519:Philippine Stock Exchange 1494:Metro Pacific Investments 1459:First Philippine Holdings 1381: 1353:Semirara Mining and Power 1220: 1101: 1080: 1044: 993: 939: 908: 842: 831: 680: 358:) was one of the largest 330: 320: 310: 290: 276: 266: 254: 236: 191: 181: 171: 152: 143: 1585:Banks of the Philippines 1514:Philippine National Bank 825:Banks in the Philippines 675:Philippine National Bank 508:Philippine National Bank 436:Export and Industry Bank 348:Equitable PCI Bank, Inc. 139:Equitable PCI Bank, Inc. 129:Not to be confused with 1228:Aboitiz Equity Ventures 1146:(merged with Chinabank) 1140:(merged with UnionBank) 1134:(merged with UnionBank) 1122:(merged with UnionBank) 1001:BPI Direct Savings Bank 631:EBC Investments: 10.48% 446:On August 5, 2005, the 416:Philippine Savings Bank 1161:(merged with Landbank) 775:"The Go Kim Pah Story" 620:Social Security System 537: 472:Equitable Bank history 399: 242:; 17 years ago 210:; 74 years ago 197:; 86 years ago 1489:Megaworld Corporation 1474:La Tondeña Distillers 1454:First Gen Corporation 1036:Security Bank Savings 737:(the BDO ATM network) 535: 500:Equitable CardNetwork 448:SM Group of Companies 397: 232:as Equitable PCI Bank 176:Finance and Insurance 1268:Century Pacific Food 66:"Equitable PCI Bank" 51:improve this article 1394:ABS-CBN Corporation 781:on October 8, 2013. 689:; Equitable Bank's 634:Public stock: 6.81% 451:share in the bank. 322:Number of employees 140: 1469:Holcim Philippines 1439:Equitable PCI Bank 1303:JG Summit Holdings 1126:Equitable PCI Bank 1006:China Bank Savings 979:Standard Chartered 538: 400: 315:Financial services 208:June 17, 1950 138: 18:Equitable-PCI Bank 1572: 1571: 1499:Music Corporation 1399:Belle Corporation 1212:companies of the 1168: 1167: 1155:(merged with BPI) 1128:(merged with BDO) 1111:(merged with PNB) 1088:Cooperative banks 613:Go Family: 24.76% 345: 344: 240:May 31, 2007 219:as Equitable Bank 195:July 8, 1938 127: 126: 119: 101: 16:(Redirected from 1622: 1539:Robinsons Retail 1429:Empire East Land 1404:Benpres Holdings 1205: 1195: 1188: 1181: 1172: 1171: 947:Bank of Commerce 940:Commercial banks 909:Government banks 850:Asia United Bank 823: 813: 806: 799: 790: 789: 783: 782: 777:. Archived from 771: 754:Bank of Commerce 717: 712: 711: 710: 440:Asia United Bank 250: 248: 243: 231: 229: 224: 218: 216: 211: 205: 203: 198: 148: 141: 137: 122: 115: 111: 108: 102: 100: 59: 35: 27: 21: 1630: 1629: 1625: 1624: 1623: 1621: 1620: 1619: 1575: 1574: 1573: 1568: 1444:Fil-Estate Land 1377: 1238:Alliance Global 1216: 1210:Composite Index 1199: 1169: 1164: 1097: 1076: 1062:ING Philippines 1040: 989: 935: 904: 843:Universal banks 838: 827: 817: 787: 786: 773: 772: 768: 763: 713: 708: 706: 703: 683: 659: 628:Shoemart: 2.15% 604: 530: 528:PCIBank history 524: 474: 392: 323: 305: 303: 301: 299: 297: 293: 246: 244: 241: 227: 225: 222: 220: 214: 212: 209: 207: 201: 199: 196: 186: 185:Equitable Bank 134: 123: 112: 106: 103: 60: 58: 48: 36: 23: 22: 15: 12: 11: 5: 1628: 1618: 1617: 1612: 1607: 1602: 1597: 1592: 1587: 1570: 1569: 1567: 1566: 1561: 1556: 1551: 1546: 1541: 1536: 1534:Robinsons Land 1531: 1526: 1521: 1516: 1511: 1506: 1501: 1496: 1491: 1486: 1481: 1479:Lepanto Mining 1476: 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285:Philippines 206:as PCI Bank 182:Predecessor 1579:Categories 1564:Vista Land 1348:San Miguel 1293:GT Capital 1263:Bloomberry 1248:Ayala Land 1132:Exportbank 953:Chinatrust 761:References 735:Expressnet 457:swap ratio 432:Urban Bank 292:Key people 247:2007-05-31 215:1950-06-17 202:1938-07-08 77:newspapers 1554:Unionbank 1449:Filinvest 1419:Chinabank 1323:Metrobank 1283:Emperador 1067:Maya Bank 1052:CIMB Bank 1031:Queenbank 1016:Citystate 900:UnionBank 885:Philtrust 875:Metrobank 865:Chinabank 663:Metrobank 602:Ownership 592:UnionBank 580:Chinabank 561:Asiamoney 557:Euromoney 548:In 1987, 372:insurance 368:Metrobank 267:Successor 1363:SM Prime 1343:Puregold 1313:LT Group 1120:Citibank 926:Landbank 729:Megalink 701:See also 691:Megalink 671:Landbank 516:Megalink 412:Citibank 311:Products 187:PCI Bank 172:Industry 1424:Digitel 1318:Meralco 1221:Current 1102:Defunct 967:Maybank 723:BancNet 695:BancNet 677:(PNB). 669:(BPI), 649:: 85.6% 362:in the 354::  331:Website 326:unknown 245: ( 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Equitable-PCI Bank

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Equitable Bank
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PSE
EPCI
Finance and Insurance
Banco de Oro
BDO
Makati
Philippines
Financial services
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PSE
EPCI
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Metrobank

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