Philippine Postal Savings Bank
 | |
| State-owned | |
| Industry | Finance and Insurance |
| Founded | Manila, Philippines (1906) |
| Headquarters | Manila, Philippines |
Key people |
Vicente P. Magsaysay, Chairman Hector R.R. Villanueva, Vice-Chairman Virgilio A. Mortera, President and CEO |
| Products | Financial Services |
P19.2 million PHP ( 11%) (2008)[1] | |
Number of employees | unknown |
| Slogan | Your trusted bank. |
| Website |
www |
Postbank facade.
The Philippine Postal Savings Bank (PPSB), also known as PostalBank, is the state-owned postal savings system in the Philippines. It is the smallest of the Philippines' three state-owned banks, ranking 16th among thrift banks in terms of assets. Established in 1906, the bank was closed in 1976 as a result of competition with privately owned banks, but was reopened in 1994 pursuant to the provisions of Republic Act No. 7354, the charter of the Philippine Postal Corporation.[2] In 2013, the bank rebranded its operations as "Postbank".[3] Despite the legal affiliation, the PPSB is governed separately from PhilPost.
References
- ↑ "PostalBank". PostalBank. Retrieved 2014-01-15.
- ↑ Alfredo Rosario, "From the Sidelines: A Bright Future for the Postal Bank", The Manila Times, May 25, 2006 – via HighBeam Research (subscription required)
- ↑ "Postbank: Surviving the Changing Times", Manila Bulletin, December 17, 2013 – via HighBeam Research (subscription required)
External links
Media related to Philippine Postal Savings Bank at Wikimedia Commons