East West Banking Stock

East West Banking Corporation, together with its subsidiaries, operates as a commercial bank that provides a range of financial services to consumer and corporate clients, which includes deposit-taking, loan and trade finance, treasury, trust services, credit cards, cash management, custodial services, insurance services and leasing and finance.

Principal Products and Services

The company offers a comprehensive range of deposit products, consisting primarily of Peso demand, savings and time deposits. It also offers U.S. dollar and other third currency savings and time deposits. The company’s loan offerings include consumer loans – auto, mortgage and personal, as well as corporate loans. The company also offers payment facilities, such as debit, prepaid and credit cards.

The company also offers a suite of electronic channels, such as internet banking for individuals and corporates, mobile banking, phone banking and ATMs.

Deposit Products and Related Services

Savings Accounts: Passbook Savings Account, Passbook Savings Account with Debit Card, Basic Savings, Kiddie Savings Account, ATM Savings Account, ATM Savings Account for SSS Pensioners, and Super Saver.

Checking Accounts: Regular Checking Account, ChequeMax, ChequeMax Rewards, Chequemax Plus, and Basic Checking.

Time Deposit Accounts: Peso Time Deposit, 5-year Time Deposit, and Online Peso Time Deposit.

USD and 3rd Currency Accounts: US Dollar Savings Account, US Dollar Time Deposit, Online Dollar Time Deposit, Chinese Yuan Savings and Time Deposit Account, Euro Savings and Time Deposit Account, Japanese Yen Savings and Time Deposit Account, Singapore Dollar Savings and Time Deposit Account, Australian Dollar Savings and Time Deposit Account, British Pound Savings Account, Hongkong Dollar Savings Account, and New Zealand Dollar Savings Account.

Debit and Prepaid Cards: Classic Debit Card, Priority Platinum Debit Card, General Purpose Prepaid Card, Personal Loan Prepaid Card, Gift Card, and Travel Money Card.

Consumer Loans and Related Services

Auto Loan: Auto Loan, Fleet Financing, and Refinancing.

Home Loan: Top-Up Loan, Home Equity, Home Construct, Reimbursement, Home Acquire/ Condo Acquire, and Lot Acquire.

Consumer Loans and Related Services also include Personal Loan and Salary Loan.

Credit Cards

Elite Credit Cards: EastWest Priority Visa Infinite, EastWest Platinum Mastercard, EastWest Visa Platinum, EastWest JCB Platinum, EastWest EveryDay Titanium Mastercard, and EastWest Dolce Vita Titanium Mastercard.

Core Credit Cards: EastWest Classic and Gold Mastercard, EastWest Visa Classic and Gold, EastWest JCB Gold, EastWest Practical Mastercard, and EastWest 1st Mastercard.

Co-Brand and Affinity Cards: EastWest Singapore Airlines KrisFlyer World Mastercard and EastWest Singapore Airlines KrisFlyer Platinum Mastercard.

Investment Banking

This includes Securities Underwriting and Financial Advisory.

Corporate Credit Facilities

Working Capital Loans and Facilities: Short Term Loan, Revolving Promissory Note Facility, and Trade Check Discounting Facility.

Floor Stock Financing include Floor Stock Facility.

Trade Finance: Import and Domestic Letters of Credit, Document Against Payment, Documents Against Acceptance and Open Account, Trust Receipt Loan, Export Advance Facility, and Export Bills Purchase.

Guarantees: Foreign and Domestic Standby Letters of Credit (SLBC), Bank Guarantees, and Committed Credit Line.

Bills Purchase: Domestic Bills Purchase Line and Foreign Bills Purchase Line.

Term Financing: Long Term Loans and Project Financing.

Hedging Products

Foreign Exchange: Spot, Forwards, and FX Swaps.

Investment Products

Fixed Income: Peso Government and Corporate Securities; and USD-denominated Government and Corporate Securities.

Trust Products

Corporate Solutions: Employee Benefit Trust/Retirement Account and Fund Management.

Wealth Management: Personal Management Trust and Investment Management Account.

Investment Funds: EW Peso Money Market Fund, EW Peso Intermediate Term Bond Fund, EW Peso Long Term Bond Fund, EW Dollar Intermediate Term Bond Fund, EW PSEi Tracker Fund, EW PhilEquity Feeder Fund, and EW S&P 500 Index Feeder Fund.

Other Fiduciary includes Escrow Agency.

Cash Management Services

Collection Services: Auto Debit Arrangement, Bills Collect, Check Deposit Pick-up, Check Warehousing, and Payment Gateway.

Disbursement Services: Check-writing, Electronic Invoice Payment & Presentment, Bulk Intra Bank and Inter Bank Funds Transfer, and Corporate Bills Payment.

Liquidity Management Services: Account Sweeping and Reverse Account Sweeping.

Payroll Services: Payroll Crediting and Payroll System with HRIS (Human Resource Information System).

Other Services: Government Payments, Electronic Invoice Presentment and Payment (EIPP), and Inventory Management System (IMS).

Small and Medium Enterprise Banking/Business Loans

Products include Revolving Credit Facility; Term Loans; Omnibus Line; Promissory Note Line (PNL); Trade Checks Discounting Line (TCDL)/Receivables Purchase Line; Export Advance Loan Line; Letters of Credit (Import/Domestic); Standby Letter of Credit (Foreign/Domestic); Trust Receipt Line; Domestic Bills Purchase; and Export Bills Purchase.

Distribution Network

The company’s products and services are made available across multiple distribution and delivery channels. It has branches in Metro Manila. For the rest of the country, the bank has branches in Luzon, Visayas, and Mindanao.

Segments

The company operates through Retail Banking, Corporate Banking, Consumer Banking, and Treasury and Trust segments.

Retail Banking

This segment mainly covers traditional branch banking products and services, such as deposits, back-to-back/emerging market loans and other over-the-counter (OTC) transactions. It likewise caters to the needs of high net-worth clients for alternative investment channels. It includes entire transaction processing, service delivery and infrastructure consisting of the Group’s network of branches, automated teller machines, as well as its internet banking platform.

Corporate Banking

This segment handles lending and trade financing for both large corporations and middle market clients.

Consumer Banking

This segment primarily caters to loans for individuals.

Treasury and Trust

This segment includes Treasury and Trust operations of the company. Treasury focuses on providing money market, trading and treasury services, as well as the management of the company’s funding operations through debt securities, placements and acceptances with other banks. Trust includes fund management, investment management services, custodianship, administration and collateral agency services, and stock and transfer agency services. In addition, the company through Trust, provides retail customers with alternative investment opportunities through its unit investment fund products.

History

East West Banking Corporation was founded in 1994. The company was incorporated in 1994.