Philtrust Bank (PTC PM)

Analysis

Financials • Philippines

Philtrust Bank provides various commercial banking products and services in the Philippines. The company offers checking accounts, savings accounts, time deposits, money market placements, business loans, transfer of funds and collections, remittances, securities investments, and safety deposit boxes. It also provides commercial letters of credit, collections and remittances, foreign exchange services, traveler�s checks, and foreign currency deposit unit transactions. In addition, the company offers trust services, such as trust placement, investment management, estate administration/trustee of bond issues, savings and pension plan administration, and insurance trust services, as well as acts as escrow agent, and stock registrar and transfer agent. It operates a network of approximately 57 branches and 57 automated teller machines. The company was founded in 1916 and is headquartered in Manila, the Philippines.

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