CTBC Bank – is one of the largest banks in the Philippines. This bank is a subsidiary of Chinatrust Commercial Bank Corp.
CTBC Bank provides clients with loan, deposit and investment services. Clients of this bank can draw up a unique family loan for housing with fixed low interest rates. Thanks to this loan, you can purchase a house, condominium or land plot. The maximum amount of family loan is 25 million Philippine pesos. Family loan is available for up to 20 years.
Working residents of the Philippines between the ages of 21 and 65 can expect to receive this loan. To obtain a loan, the borrower’s family must have a monthly income of at least 50 thousand pesos. The loan is drawn up not only on the main borrower, but also on the co-borrower (spouse).
CTBC Bank also provides the opportunity to open a regular savings account in Philippine pesos. The minimum deposit amount is 5 thousand pesos. CTBC Bank provides debit card and Internet banking access to BancNet Online for customers who have opened a deposit. This service can be used by both individuals and corporate clients.
Customers of this bank can also open a deposit in foreign currency. The minimum deposit amount is 500 US dollars.
CTBC Bank also offers to take advantage of a wide range of investment opportunities in the foreign exchange market. In this bank, US, Australian, Canadian and Singapore dollars, euros, Chinese yuan, Japanese yen and British pounds are available for purchase / sale.
Another popular service of this bank is remote money management. This service is implemented through Internet banking, which allows the CTBC Bank client to view the transaction history and access log, request a balance, make an account statement, transfer money and pay bills at any convenient time.
CTBC Bank also provides the possibility to manage payments on salaries, loans, money transfers, etc. To do this, you can use the debit card CTBC Bank, attached to a savings account in the Philippine pesos. This service has several advantages. Firstly, when using the CTBC Bank ATM, the customer isn’t charged a commission. Secondly, CTBC debit card can be used worldwide.
CTBC Bank in the Philippines was founded in 1995. It was this year that the government of the Philippines “opened the doors” for foreign banks for the first time. In the late 90s, the shares of this bank were registered on the Philippine Stock Exchange. Due to this, in November 2000, Chinatrust Taiwan managed to increase its shareholding in CTBC Bank in the Philippines from 57.5% to 91%. In 2012, the shares of this bank ceased to be quoted on the Philippine Stock Exchange.
On May 2, 2017, Peter Wei became the head of CTBC Bank. He has held various positions in the structure of this bank since 2006. The board of directors of this organization also includes Chih-Chun Huang, Chen Yong-gin, Alexander Patricio, Meng Tam and Edwin Villanueva.
CTBC Bank is owned by the Taiwanese company Chinatrust Commercial Bank Corp. The founder of this company is Geoffrey Ku. Today Chinatrust is led by the youngest son of Ku – Andre. As of 2019, Chinatrust has more than 250 foreign branches.
Main branches and ATMs
The main office of CTBC Bank is located on floors 16-19 of the Fort Legend Tower in the capital of the Philippines – Manila. This branch is open from 8:30 to 17:30 from Monday to Friday. CTBC Bank also has many representative offices in other cities of the Philippines: Mountainlupe, Makati, Quezon City, Las Piñas, Parañaque and Mariquina.
CTBC Bank’s ATMs can be found at business centers Alabang Country Club, Cebu Mitsumi 1 and 2, Subic S-Corp, Subic Wistron, hotels Cebu Waterfront Hotel and Winford Hotel & Casino, shopping mall Mactan Marina Mall, shop Virginia Foods, Inc., and also in Multinational Village.
Banks do not deal with borrowers who do not fulfill their obligations. The alternative is online credit services that are more loyal and impose less stringent requirements.
Customers can instantly get a loan from the Pag-IBIG Fund, where income certificates and collateral are not needed. You can contact the service if you want to save time waiting for a positive decision of the bank, since there is no need to draw up any additional documents or references. Most often people come here to get a housing loan. Money can be obtained in a convenient way. For this it is important to correctly fill in your data on the site.