Professional Documents
Culture Documents
000
000
Executive Summary
The purpose of the Philtrust Bank is aim to be a longtime investment. They are the
trustee and they manages the money of those who trust them. They have a big respect not
only for their customers but also in God’s presence.
The Core Values states importance of others, faithfulness on their promised, and loyalty.
Kindness as a person, responsibility as a citizen not only as a Filipino but also in the world.
C. Geographic Areas
As one of the oldest universal bank, Philtrust Bank, also known as Philtrust
Company has 41 Metro Manila Branches and 21 Provincial Branches.
Provincial Branch
CEO History
E. SWOT
Philtrust Bank SWOT Analysis
The company may gain diversification potential. Diversification reduces the overall risk. We
see a growing market and believe that this trend will continue. This SWOT Analysis of Philtrust
Bank provides a strategic report of businesses and operations of the company. The SWOT
analysis shows strengths, weaknesses, opportunities and threats. This SWOT analysis of Philtrust
Bank can provide a competitive advantage.
Weaknesses 1. The asset base of the bank has been growing at a snail’s pace
and this may be a cause for concern in the long term
2. Cash dues from other banks have increased and it signifies the
weak credit terms of the bank which may have a debilitating
effect on the performance
3. Total equity of the bank has increased and this signifies a
dilution in the ownership
Savings Account
a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
Php 200.00* per month if balance falls below the ADB for two
Active Accounts
(2) consecutive months
Dormant Accounts Php 200.00* per month if balance falls below the ADB
Php 200.00 per month if the account is inactive for two (2)
b. Service Charge for Dormancy
years**and if balance falls below ADB.
b. Check USD 100.00 in cash, plus the amount of the check to be deposited.
a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
USD 1.00 per month if balance falls below the ADB for two (2)
Active Accounts
consecutive months
Dormant Accounts USD 1.00 per month if balance falls below the ADB
USD 1.00 per month if the account is inactive for two (2)
b. Service Charge for Dormancy
years*****and if balance falls below ADB.
4. Minimum ADB to Earn Interest USD 500.00 (Average daily balance) monthly
a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
Php 200.00 per month if balance falls below the ADB for
Active Accounts
two (2) consecutive months
Dormant Accounts Php 200.00 per month if balance falls below the ADB
Php 200.00 per month if the account is inactive for two (2)
b. Dormant Accounts
years and if balance falls below ADB.
1. Minimum - Initial
Php5,000.00
Deposit
2. Doc. Stamps Tax Php 1.00 for every Php 200.00 of fraction thereof
3. Pretermination
a. Within up to 7 days
25% of agreed interest rate
from the date placed
2. Pretermination
- Non-negotiable certificate
4. Long Term Dollar Time Deposit
- Pre-termination allowed, subject to BSP regulations
LOANS
A. Areas within Metro Manila: -Minimum of P2,000,00 for one TCT. However, if the
submitted collaterals are several TCTs located within the same subdivision or location,
additional fee of P50.00 will be charged for the verification of the TCTs;
-Minumum of P2,000.00 for one TCT plus P1,000.00 for each additional TCT or location
that is far from the first location under the same application for credit;
B. Areas outside of Metro Manila (with one-day / office hours fieldwork:
-Minimum of P3,000,00 for one TCT. However, if the submitted collaterals are several
TCTs located within the same subdivision or location, additional fee of P50.00 will be
charged for the verification of the TCTs;
1. Appraisal Fee
-Minumum of P3,000.00 for one TCT plus P1,000.00 for each additional TCT or location
that is far from the first location under the same application for credit;
C. Provincial areas ( with overnight or more than one- day fieldwork):
-Minimum of P5,000,00 initial fee for one TCT or location, plus P1,500.00 for each
additional collateral that is far from the first location under the same application for
credit, plus airfare and / or gasoline expense and actual receipted incidental expenses
collectable after appraisal inspection.
D. Large parcels of land, apply the above basic rates and additional charges on
case-to-case basis.
P1.00 on each P200.00, or fraction part thereof on every original issue of debt
instruments of one year. For less than 1 year, a proportional amount in accor- dance
2. Doc. Stamps with the ratio of its term in number of days to 365 days. Only one documentary stamp
shall be imposed on either loan agreement of promissory note issued to secure such
loan.
3. Registration
Based on amount of mortgage per schedule of fees.
Fee
In case any note/amortization and/or interest becomes past due, a penalty charge of 2%
5. Penalty
per month shall be collected on the outstanding PRINCIPAL balance from date of default
Charge
until full payment of the obligation.
6. Certification
P200.00 per Certification of Loan Credit Line.
Fee
7. Commitment
1/4 of 1% of the Committed amount of P2,500.00, whichever is higher.
Fee
8. Cancellation
P200.00 for re-issuance of Cancellation of Mortgage.
of Mortgage
Inward Remittances
INWARD REMITTANCES
b. Commission Php250.00
Size Rate
1. 3 x 5 x 21 Php 600.00
2. 5 x 5 x 21 Php 700.00
3. 3 x 10 x 21 Php 800.00
4. 5 x 10 x 21 Php 1,000.00
5. 10 x 10 x 21 Php 1,500.00
Philtrust Bank domestic products and services also includes Transfer of Funds and
Collections and Securities and Investments.
International Services
Import Financing
-Import Letters of Credit*
-Domestic Letters of Credit*
-Trust Receipts*
-Shipping Guarantees*
-Standby Letters of Credit*
-Documents Against Payment
-Documents Against Acceptance
-Open Account
-Direct Remittance
Export Financing
-Negotiation of Export Bills*
-Documents Under Letters of Credit (Export Bills Purchased (EBP)*
-Collection of Export Documents
-Advising of Export Letters of Credit
Inward Remittances
You may have your remittances sent through our Bank for credit to your account with us or
with other commercial banks and savings banks via electronic transfers – Philippine Domestic
Dollar Transfer System (PDDTS) for US Dollars; Electronic Peso Clearing and Settlement System
(EPCS) and PHILPASS – Real Time Gross Settlement RTGS) for PHP.
Outward Remittances
Send your money safe and secure abroad through our Authorized Correspondent Banks with
the following details:
-Ordering Party’s Name, complete address and Account Number
-Beneficiary Customer’s Name and Account Number
-Amount of Remittance
Domestic Remittances
Send your money (US Dollars and Philippine Peso) safe and secure to other banks in the
Philippines via Philippine Domestic Dollar Transfer System (PDDTS) for US Dollar remittances,
PHILPASS (SWIFT-Real Time Gross Settlement (RTGS) and Electronic Peso Clearing and
Settlement System (EPCS) for PHP remittances.
N. Profitability Trend
O. Business Segments
P. Takeover, Merger, Bankrupt Activities
By Ma. Elisa P. Osorio | Updated January 1, 2007 - 12:00am 0 0 googleplus0 0 The board of
directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is
looking at converting the bank into a universal bank from a commercial bank. In a disclosure to
the Philippine Stock Exchange (PSE), the bank said the directors who own two thirds of the
institution has approved the amendment of the articles of incorporation to effect the conversion.
The change into a universal bank is subject to the approval of the Bangko Sentral ng Pilipinas
(BSP). A universal bank offers investment services in addition to the services given by
commercial bank which is to accept deposit and give business loans. Last month, Philtrust bank
inked a P3 billion deal with the Nubla and Chung families to buy 58.26 percent of medium-sized
Philippine Bank of Communications (PBCom). The Nublas own 28 percent of PBCom and the
Chungs, 26 percent. The agreement between the two families and Philtrust has left out the Luy
family, the single largest owner of PBCom holding 37 percent of the shares. Philippine Deposit
Insurance Corp. (PDIC) acting president Michael Osmena said Philtust is in talks with the Luy
family in order to obtain controlling interest of at least 67 percent of the bank. However, industry
insiders say the family is dissatisfied with the P30 per share offer price as PBCom shares are
being traded at over P60 apiece in the market when the offer was made. PBCom shares closed at
P69 for the year. The BSP and the PDIC screen potential investors in a bank to ensure long run
stability and the buyer of PBCom must acquire enough shares for a controlling interest in the
bank to get the approval of regulators. "They (Philtrust) will have to go through the
prequalification process," Osmeña said. Philtrust would have to shell out more money as it
would have to make a tender offer to other shareholders of publicly listed PBCom. Should
Philtrust succeed in taking control of PBCom, a merger between the two medium-sized banks
would create the country’s 13th biggest bank, with total assets of P115.4 billion. Currently
PBCom is ranked 19th with total assets of P60.3 billion and Philtrust, 20th with P55.1 billion
Q. Economy Sensitivity
R. Ethical Issues
S. Regulatory Trend
(f) Use of Company The company only The company only allows The company only
Funds, Assets and allows the authorized use the authorized use of its allows the authorized use
Information of its funds, assets and funds, assets and of its funds, assets and
information. information. information.
(g) Employment & The company requires The company requires The company requires
Labor Laws & compliance with laws, compliance with laws, compliance with laws,
Policies rules and policies on rules and policies on rules and policies on
employment and labor. employment and labor. employment and labor.
(h) Disciplinary action The company observes The company observes The company observes
due process in enforcing due process in enforcing due process in enforcing
its rules and regulations. its rules and regulations. its rules and regulations.
(i) Whistle Blower The company The company encourages The company
encourages communicating to an encourages
communicating to an internal authority, in a communicating to an
internal authority, in a manner confidential and internal authority, in a
manner confidential and without the risk of manner confidential and
without the risk of reprisal, any legitimate without the risk of
reprisal, any legitimate concern about illegal, reprisal, any legitimate
concern about illegal, unethical or questionable concern about illegal,
unethical or questionable transaction. unethical or
transaction. questionable transaction.
(j) Conflict Resolution Undertaken by the Board Undertaken by the Undertaken by
of Directors Management/Board. Management taking into
consideration the
provisions of the
Collective Bargaining
Agreement (CBA).
*questions
1) Has the code of ethics or conduct been disseminated to all directors, senior management
and employees?
2) Discuss how the company implements and monitors compliance with the code of ethics
or conduct.