Philippine Savings Bank Stock

Philippine Savings Bank primarily engages in savings and mortgage banking activities in the Philippines. The company operates as a subsidiary of Metropolitan Bank & Trust Company. The company offers a wide range of products and services, such as deposit products, loans, treasury and trust functions that mainly serve the retail and consumer markets.

The company's personal loans include deposit collateral loans, employee salary and consumer loan products, such as money card, multi-purpose loan and flexi-loan. The company offers consumption loans, real estate loans, personal loans and commercial loans.

The company's investment in a joint venture represents its 30.00% interest in Sumisho Motor Finance Corporation (SMFC), which engages in the business of lending or leasing to retail customers for their purchase of motorcycles.

Segments

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

Consumer Banking

This segment principally provides consumer-type loans generated by the Home Office.

Corporate Banking

This segment principally handles loans and other credit facilities for small and medium enterprises, corporate and institutional customers acquired in the Home Office.

Branch Banking

This segment serves as the company's main customer touch point which offers consumer and corporate banking products.

Treasury

This segment principally handles institutional deposit accounts, providing money market, trading and treasury services, as well as managing the company's funding operations by use of government securities and placements and acceptances with other banks.

History

Philippine Savings Bank was incorporated in 1959.