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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)
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Buenaventura (former President and CEO) 717:(the Equitable Banking Corporation ATM network) 679:of which it is a founding member and PCIBank's 647:Equitable PCI Bank's main competitors included 1172: 790: 503:, then the Philippines' largest ATM network. 8: 293:John Gokongwei Jr. (Vice Chairman, PCIBank) 127: 560:In 1991, PCIBank formed BancNet along with 1179: 1165: 1157: 797: 783: 775: 126: 1601:2007 disestablishments in the Philippines 1284:International Container Terminal Services 251:in 2007 and assumed the Banco de Oro name 106:Learn how and when to remove this message 752: 732:Banco de Oro-Equitable PCI Bank merger 291:Eugenio Lopez Jr. (Chairman, PCIBank) 371:in early 2007, and is now branded as 7: 1515:Rizal Commercial Banking Corporation 44:adding citations to reliable sources 451:Metropolitan Bank and Trust Company 592:Before merging with Banco de Oro: 14: 1187: 805: 693: 287:Antonio L. Go (former Chairman) 133: 20: 469:). Other commercial banks like 326:net_income = P2.65 billion 31:needs additional citations for 1535:Southeast Asia Cement Holdings 1420:Energy Development Corporation 653:Bank of the Philippine Islands 596:PCD Nominee Corporation: 2.31% 471:Bank of the Philippine Islands 455:Bank of the Philippine Islands 409:Bank of the Philippine Islands 1: 1591:2007 mergers and acquisitions 1586:1999 mergers and acquisitions 1596:Banks disestablished in 2007 497:United Coconut Planters Bank 417:Land Bank of the Philippines 1124:International Exchange Bank 821:Bangko Sentral ng Pilipinas 628:bought the majority stake: 467:Bangko Sentral ng Pilipinas 369:Banco de Oro Universal Bank 212:; 25 years ago 1617: 711:(the PCI Bank ATM network) 633:SM Investments Corporation 626:SM Investments Corporation 379:Equitable PCI Bank history 117: 1581:Banks established in 1938 1576:Companies based in Makati 1505:Philippine Stock Exchange 1480:Metro Pacific Investments 1445:First Philippine Holdings 1339:Semirara Mining and Power 817: 347:) was one of the largest 132: 1571:Banks of the Philippines 1500:Philippine National Bank 811:Banks in the Philippines 661:Philippine National Bank 493:Philippine National Bank 425:Export and Industry Bank 337:Equitable PCI Bank, Inc. 128:Equitable PCI Bank, Inc. 118:Not to be confused with 1214:Aboitiz Equity Ventures 1132:(merged with Chinabank) 1126:(merged with UnionBank) 1120:(merged with UnionBank) 1108:(merged with UnionBank) 987:BPI Direct Savings Bank 617:EBC Investments: 10.48% 435:On August 5, 2005, the 405:Philippine Savings Bank 1147:(merged with Landbank) 761:"The Go Kim Pah Story" 606:Social Security System 523: 461:Equitable Bank history 388: 231:; 17 years ago 199:; 74 years ago 186:; 86 years ago 1475:Megaworld Corporation 1460:La Tondeña Distillers 1440:First Gen Corporation 1022:Security Bank Savings 723:(the BDO ATM network) 521: 485:Equitable CardNetwork 437:SM Group of Companies 386: 221:as Equitable PCI Bank 165:Finance and Insurance 1254:Century Pacific Food 55:"Equitable PCI Bank" 40:improve this article 1380:ABS-CBN Corporation 767:on October 8, 2013. 675:; Equitable Bank's 620:Public stock: 6.81% 440:share in the bank. 311:Number of employees 129: 1455:Holcim Philippines 1425:Equitable PCI Bank 1289:JG Summit Holdings 1112:Equitable PCI Bank 992:China Bank Savings 965:Standard Chartered 524: 389: 304:Financial services 197:June 17, 1950 1558: 1557: 1485:Music Corporation 1385:Belle Corporation 1198:companies of the 1154: 1153: 1141:(merged with BPI) 1114:(merged with BDO) 1097:(merged with PNB) 1074:Cooperative banks 599:Go Family: 24.76% 334: 333: 229:May 31, 2007 208:as Equitable Bank 184:July 8, 1938 116: 115: 108: 90: 1608: 1525:Robinsons Retail 1415:Empire East Land 1390:Benpres Holdings 1354:Universal Robina 1191: 1181: 1174: 1167: 1158: 933:Bank of Commerce 926:Commercial banks 895:Government banks 836:Asia United Bank 809: 799: 792: 785: 776: 769: 768: 763:. Archived from 757: 740:Bank of Commerce 703: 698: 697: 696: 429:Asia United Bank 239: 237: 232: 220: 218: 213: 207: 205: 200: 194: 192: 187: 137: 130: 111: 104: 100: 97: 91: 89: 48: 24: 16: 1616: 1615: 1611: 1610: 1609: 1607: 1606: 1605: 1561: 1560: 1559: 1554: 1430:Fil-Estate Land 1363: 1224:Alliance Global 1202: 1196:Composite Index 1185: 1155: 1150: 1083: 1062: 1048:ING Philippines 1026: 975: 921: 890: 829:Universal banks 824: 813: 803: 773: 772: 759: 758: 754: 749: 699: 694: 692: 689: 669: 645: 614:Shoemart: 2.15% 590: 516: 514:PCIBank history 463: 381: 312: 294: 292: 290: 288: 286: 282: 235: 233: 230: 216: 214: 211: 209: 203: 201: 198: 196: 190: 188: 185: 175: 174:Equitable Bank 123: 112: 101: 95: 92: 49: 47: 37: 25: 12: 11: 5: 1614: 1612: 1604: 1603: 1598: 1593: 1588: 1583: 1578: 1573: 1563: 1562: 1556: 1555: 1553: 1552: 1547: 1542: 1537: 1532: 1527: 1522: 1520:Robinsons Land 1517: 1512: 1507: 1502: 1497: 1492: 1487: 1482: 1477: 1472: 1467: 1465:Lepanto Mining 1462: 1457: 1452: 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353:Philippines 274:Philippines 195:as PCI Bank 171:Predecessor 1565:Categories 1550:Vista Land 1334:San Miguel 1279:GT Capital 1249:Bloomberry 1234:Ayala Land 1118:Exportbank 939:Chinatrust 747:References 721:Expressnet 446:swap ratio 421:Urban Bank 281:Key people 236:2007-05-31 204:1950-06-17 191:1938-07-08 66:newspapers 1540:Unionbank 1435:Filinvest 1405:Chinabank 1309:Metrobank 1269:Emperador 1053:Maya Bank 1038:CIMB Bank 1017:Queenbank 1002:Citystate 886:UnionBank 871:Philtrust 861:Metrobank 851:Chinabank 649:Metrobank 588:Ownership 578:UnionBank 566:Chinabank 547:Asiamoney 543:Euromoney 534:In 1987, 361:insurance 357:Metrobank 256:Successor 1349:SM Prime 1329:Puregold 1299:LT Group 1106:Citibank 912:Landbank 715:Megalink 687:See also 677:Megalink 657:Landbank 501:Megalink 401:Citibank 300:Products 176:PCI Bank 161:Industry 1410:Digitel 1304:Meralco 1207:Current 1088:Defunct 953:Maybank 709:BancNet 681:BancNet 663:(PNB). 655:(BPI), 635:: 85.6% 351:in the 343::  320:Website 315:unknown 234: ( 226:Defunct 217:1999-05 215: ( 202: ( 189: ( 181:Founded 80:scholar 1510:Piltel 1490:Petron 1368:Former 1012:PSBank 667:Firsts 624:After 365:merged 330:(2005) 270:Makati 146:Public 82:  75:  68:  61:  53:  1229:Ayala 1139:RBank 1058:Tonik 959:PBCom 608:: 29% 367:with 349:banks 87:JSTOR 73:books 1324:PLDT 1219:ACEN 1145:UCPB 946:HSBC 876:RCBC 659:and 570:RCBC 545:and 495:and 345:EPCI 244:Fate 154:EPCI 59:news 1244:BPI 1239:BDO 1193:PSE 1007:PBB 917:OFB 907:DBP 866:PNB 846:BPI 841:BDO 491:), 489:BPI 373:BDO 341:PSE 328:PHP 260:BDO 150:PSE 42:by 1567:: 651:, 572:, 568:, 564:, 427:, 423:, 419:, 415:, 411:, 407:, 403:, 272:, 152:: 1180:e 1173:t 1166:v 798:e 791:t 784:v 339:( 238:) 219:) 206:) 193:) 156:) 148:( 122:. 109:) 103:( 98:) 94:( 84:· 77:· 70:· 63:· 36:.

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"Equitable PCI Bank"
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Equitable Bank
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BDO
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Philippines
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EPCI
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