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History of Philippine Financial System
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Banco Espanol-Filipino de Isabela II
-The bank only came into being after 23 years after Spanish Monarch Ferdinand VII decreed that a public bank was to be established in the Spanish colonized country of the Philippines.
-began its operations in 1852
-first to issue paper money
Obras Pias
-established in August 1, 1851
-Bank of the Philippine Islands
-oldest standing bank in the Philippines and in the whole of Southeast Asia
-Spanish King Alfonso XII (Isabella)
-first credit institution
-Father Juan Fernandez de Leon
-started at 1754 and ended in 1820
In 1906 “First Agricultural Bank of the Philippines” was established and in 1916 all of its assets and liabilities were transferred to the newly organized Philippine National Bank.
History of Philippine Financial System
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