Universal banking is a banking system where banks are
allowed to provide a variety of services to their customers.
Universal banks operates both as a commercial bank and as well as an investment
bank. They offer loans, savings, time deposits, checking accounts, and other
similar activities like commercial banks. Like investment banks, universal
banks offer services in assisting individuals and corporations in raising
capital by underwriting and/or acting as the client's agent in the issuance of
securities.
As of September 14, 2012, there are 21 Universal
Banks operating in the Philippines according to the list of the Bangko Sentral
ng Pilipinas.
In the figure below is the complete lists of Universal Banks, their number of branches and website.
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| Fig. 1. List Of Universal Banks In the Philippines |