Top 10 Commercial Banks in the Phil.

sensya na po if may related thread na dito. No time to backread. Tama po ba pag savings bank ng isang commercial bank like savings bank ng CBC, MB, RCBC, etc.hindi masyado madaming clients? How about PB Com 'tho hindi naman savings bank, how stable po siya kasi I noticed kokonti ang clients, minsan ako lang. Does it follow, pag konti hindi stable? Nagopen po ng account kasi siya ang pinakamalapit sa place namin. Thanks for any input po. GB!

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  • Strong7PowerStrong7Power Member ✭✭✭✭
    makasarili wrote: »
    sensya na po if may related thread na dito. No time to backread. Tama po ba pag savings bank ng isang commercial bank like savings bank ng CBC, MB, RCBC, etc.hindi masyado madaming clients? How about PB Com 'tho hindi naman savings bank, how stable po siya kasi I noticed kokonti ang clients, minsan ako lang. Does it follow, pag konti hindi stable? Nagopen po ng account kasi siya ang pinakamalapit sa place namin. Thanks for any input po. GB!

    Regardless of banks you preferred the most, PDIC insured your deposits up to the maximum of PhP500,000.

    Kahit pa rural banks iyan, basta regulated ng Bangko Sentral, insured iyan.

    http://www.pdic.gov.ph/ says on their website: Maximum Deposit Insurance for Each Depositor Php500,000

    On that site:

    Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 per depositor. All deposit accounts by a depositor in a closed bank maintained in the same right and capacity shall be added together.

    Under R.A. No. 9576, the PDIC may propose to adjust the MDIC, subject to the approval of the President of the Philippines, in case of a condition that threatens the monetary and financial stability of the banking system that may have systemic consequences.
  • KuyaDannyKuyaDanny Moderator PEx Moderator
    "Konti ang clients" is hard to quantify unless you have access to inside information. It is dangerous to make this conclusion based only on the number of customers you see in a branch during business hours.

    Some banks have "few" clients with large deposits, so you don't see a lot of traffic in the branch. Other banks like to push online and ATM businesses so you won't see many clients transacting in person.

    Weather weather yan. Do not base a bank's stability on the number of clients. If you want to measure stability. look at a bank's capital base.
  • makasarilimakasarili playsafe_puremotive PExer
    KuyaDanny wrote: »
    "Konti ang clients" is hard to quantify unless you have access to inside information. It is dangerous to make this conclusion based only on the number of customers you see in a branch during business hours.

    Some banks have "few" clients with large deposits, so you don't see a lot of traffic in the branch. Other banks like to push online and ATM businesses so you won't see many clients transacting in person.

    Weather weather yan. Do not base a bank's stability on the number of clients. If you want to measure stability. look at a bank's capital base.

    thanks for the input KD and to strongpower
  • edgenikeedgenike See me Rollin' they Hatin' ✭✭
    KuyaDanny wrote: »
    "Konti ang clients" is hard to quantify unless you have access to inside information. It is dangerous to make this conclusion based only on the number of customers you see in a branch during business hours.

    Some banks have "few" clients with large deposits, so you don't see a lot of traffic in the branch. Other banks like to push online and ATM businesses so you won't see many clients transacting in person.

    Weather weather yan. Do not base a bank's stability on the number of clients. If you want to measure stability. look at a bank's capital base.

    I have to agree with KuyaDanny. Take a look an example of HSBC & Citibank. You don't see depositors or bank clients deposit their money OTC. Citibank & HSBC deposit their money thru their machine, as well as Standard Chartered. That machine could also be for credit card & loan payments & depositing purposes, with the envelope. There are ATM machine you can withdraw your money. This is the practice most of the banks abroad.

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