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FINANCIAL INSTITUTIONS IN THE PHILIPPINES

Australia’s Department of Immigration and Citizenship (DIAC) has developed a list of acceptable financial institutions in Manila. The purpose of this list is to help visa applicants understand how they can meet financial requirements for the grant of a Student visa, by informing them which banks have been found to meet the definition of “financial institution” under Australia’s migration legislation.

Effective from 10 September 2009 for the purpose of meeting the financial requirements for a Student visa application lodged in the Philippines, a money deposit or loan will only be accepted from the following Philippines based
financial institutions.

DIAC reviews the list quarterly.

Acceptable Financial Institutions in the Philippines from (10 September 2009)
1. Metropolitan Bank & Trust Co.
2. Banco de Oro Unibank, Inc.
3. Bank of the Philippine Islands
4. Land Bank of the Philippines
5. Development Bank of the Philippines
6. Rizal Commercial Banking Corp.
7. Philippine National Bank
8. Citibank N.A.
9. China Banking Corp.
10. Union Bank of the Philippines
11. Allied Banking Corp.
12. HK & Shanghai Banking Corp.,
13. Security Bank Corp.
14. United Coconut Planters Bank
15. Philippine Trust Co.
16. Standard Chartered Bank
17. Philippine Bank of Communications
18. Asia United Bank
19. East‐West Banking Corp.
20. ING Bank
21. Philippine Veterans Bank
22. Deutsche Bank AG
23. Mizuho Corporate Bank, Ltd.
24. BDO Private Bank
25. Bank of Tokyo‐Mitsubishi, Ltd.,
26. China Trust (Phils.) Commʹl Bank Corp.
27. J.P. Morgan Chase Bank
28. Maybank
29. Australia & New Zealand Bkng.
30. ABN Amro Bank, Inc.
31. Korea Exchange Bank
32. Mega International Commercial Bank
33. Bank of America NT & SA
34. Bangkok Bank Public Co., Ltd.
35. Bank of China
36. Al‐Amanah Islamic Bank
37. Export and Industry Bank