Philippine Banks Web Site Comparative Analysis

I. Industry and Company Background Industry Currently, the Philippine Financial System is dissever into the following: Among the verifying institutions in the country, seventeen (17) ar prevalent banks sequence twenty-one (22) argon banks with sole commercial banking functions. There are also eighty-four (84) thrift banks and seven hundred cardinal (738) rural banks in the country. (as of April 1, 2008, www.bsp.gov.ph) Company Background About UnionBank UnionBank of the Philippines is a universal bank which commenced operations in 1981. Since its inception, the bank has expanded steadily by several mergers and acquisitions, the latest of which was with iBank in mid-2006. It is currently the 9th largest bank in the country in terms of assets as tumesce as customer deposits. It has established itself as a leading(a) bank in using technology to provide innovational banking solutions, particularly cash management solutions, to its customers. UnionBank is focused on confrontation customer needs through technological advancements and seeks to remain at the forefront of technology-based banking in the Philippines.

The bank aims to continue to distinguish itself from its competitors through its innovative technologies and products, customer service and cash management serve via a branch banking network comprising a total of 166 operative branches and 217 ATMs nationwide as of December 31, 2007. Its head office is locate at UnionBank Plaza, Meralco Avenue corner Onyx Street, Ortigas Center, Pasig City, Philippines and its official website is www.unionbankph.com. Ownership UnionBank is largely have by the Aboitiz Group of Companies, which is known for its power generation and merchant vessels businesses. Social Security Systems and Insular Life Assurance Co. are also nonage shareholders in UnionBank. The public also has minority shareholdings in the company as UnionBank is a publicly-listed corporation. History UnionBank of the... If you want to sustain a full essay, order it on our website: Orderessay

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