Tell Me About Banking
In Offshore Philippine Unit
The Philippines have many offshore banks. One such offshore
Philippine unit is Maybank (Malayan Banking Berhad). Maybank is
the largest bank in Malaysia with over 300 domestic branches and
over 30 international branches. Maybank gained its license in
the Philippines and has offshore banks in Southeast Asian
markets, including Brunei, New Guinea, Vietnam, and Indonesia.
You will also find Maybank in New York and London.
Maybank was the first Malaysian bank to open a branch office in
China. Maybank operates quite a few specialized subsidiaries in
finance sectors. These subsidiaries include Mayban Life
Assurance, Mayban General Assurance, and Mayban Takaful, which
is involved in developing insurance products in tune with Muslim
law, Mayban Discount, Mayban Investment Management, Aseam Credit,
Aseam Unit Trust, Mayban International Trust, Aseam Group, and
Aseambankers Malaysia Bhd. As of December 2006 Maybank had total
assets worth over $66 billion. This placed them in the top 120
banks in the world.
The Deutsche Bank appointed Enrico Cruz as Chief Country Officer
in the Philippines in July 2003. Mr Cruz is also Senior Vice
President at CityTrust Banking Corpotation in the Philippines.
Mr. Cruz has a strong market understanding and an approach that
puts the client first. He will lead the expansion of the
Deutsche Bank in the Philippines.
The Deutsche Bank has over 758 billion in assets (Euros), has 13
million clients, serves 76 countries throughout the world
generating exceptional value for its shareholders. The Deutsche
Bank is among global leaders in banking, transaction banking,
private wealth management, asset management, and private and
business banking franchise in Germany and other countries in
Continental Europe. The Deutsche Bank has more than 30 offices
in 15 countries, and has a full commercial banking license in
the Philippines. This bank operates as an offshore banking unit
Lancaster Condotels is another banking in offshore Philippine
unit. PLC International Marketing Networks based in Manilla,
recently employed the internet based E-Quity.com with offices in
London as their marketing partner in the UK for Philippine
Condotel Investments. Several private investors and investment
trusts in Europe and the UK, have turned to Condotel
developments in Metro Manila and Cebu.
The Philippines offers World Class Investment Opportunities in
Real Estate for offshore investors from the UK and Europe who
want to buy investment real estate properties. Pacific Concord
Properties has introduced a new easy payment plan for the
Lancaster Artium Manila Condotel Suites. A studio unit can be
bought with no down payment, and 67% of the price is payable
over a 60 month span, interest free, and the remaining 33%
balance is payable when the unit is turned over or extended for
another 60 months.
These offshore banks, Philippine units are seeing a huge growth
in investment banking. They offer quite a few options for those
who want to invest in offshore banks.