Commercial bank branch of Bank of China, based in China.Regular peso account: Minimum total relationship balance is 1 million pesos.Same with Citibank branches in other Asian countries. But it has announced early in 2021 its plan to shift into corporate and institutional banking. More than 1,800 branches in 30 countriesġ6th Flr, Citibank Plaza, Bonifacio Global City.Commercial bank branch of Citigroup Inc., based in the USA.Corporate and institutional banking: Focus on wholesale banking business with major Chinese-funded enterprises, large Chinese companies in the Philippines, large Philippine corporations, government clients and local financial business peers.Has 426 institutions in 47 countries and presence in 20 African countries via its shares in Standard Bank of South Africa.Commercial bank branch of Industrial and Commercial Bank of China Ltd.Industrial and Commercial Bank of China Ltd. Corporate and institutional banking: cash management, trade finance, foreign exchange, investment banking advisory services, international debt and equity capital markets, fixed income markets and funding and leasing.Commercial bank branch of Bank of America Corp., based in the USAģ2nd St cor 9th Ave, Bonifacio Global City.Corporate and investment banking, commercial banking, equity, sales and trading and treasury services.Commercial bank branch of JPMorgan Chase & Co., based in the USA.The first 25 banks operate in Western and Eastern countries while the last 2 banks operate in East Asia only. Here’s a list of 27 International Banks in the Philippines, on account of their being branches or subsidiaries of global banks or banking groups. Other Citibank branches in Asia will do the same.
Citibank is still running its consumer/retail banking operations, but it has announced its plan early in 2021 to cease its consumer/retail banking business and focus on corporate and institutional banking. ING Bank offers digital banking to consumers. The other international banks, like HSBC and Maybank offer both corporate and consumer banking.
Many of the international banks in the Philippines like JP Morgan, Bank of America, ANZ and Standard Chartered serve only corporate or institutional clients.
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