Bank of Makati

Bank of Makati, formally known as Bank of Makati (A Savings Bank), Inc., is a Philippine banking institution whose roots date to the establishment of Rural Bank of Makati, Inc. on September 22, 1956. The original bank was founded along J.P. Rizal in what was then the town of Makati in Rizal province. It began as a rural bank, serving the local banking and credit needs of communities and small businesses in and around Makati. The institution underwent a change in ownership and a set of organizational reforms in October 2001. In November 2005, its legal name was changed to Bank of Makati (A Rural Bank), Inc., reflecting the Bank of Makati identity while retaining its rural-bank classification. The bank subsequently expanded its scale and profile. In 2006, it was included in the Top 1000 Corporations in the Philippines. A BusinessWorld corporate profile published in 2008 described it as the country's largest rural bank by total assets, reporting assets of approximately PHP 5.2 billion and net worth of more than PHP 800 million at that time. Those historical figures should not be treated as current financial data. Bank of Makati undertook a rebranding in 2009, introducing a new logo and slogan. The rebranding marked an effort to present the institution as a broader and more modern financial-services provider while maintaining its Philippine community-banking roots. Its business has included deposit-taking and lending activities associated with a rural or thrift bank, although the available reference material does not provide a complete current product catalogue. A major regulatory and strategic turning point came on April 28, 2015, when the Bangko Sentral ng Pilipinas granted the institution a certificate of authority to operate as a thrift bank. Following that approval, the bank officially adopted the name Bank of Makati (A Savings Bank), Inc. The change moved the institution from its previous rural-bank classification into the thrift-bank segment of the Philippine banking system. The bank is also associated with motorcycle financing. It provides motorcycle loans to customers of Motortrade, a sister company, and to customers of related businesses including Motorjoy Depot Inc., Honda Prestige, and Motortrade Topline. This relationship gives Bank of Makati a specialized lending role connected to motorcycle retail and distribution, in addition to its wider banking activities. Bank of Makati is therefore best understood as a domestic Philippine banking brand with a long local history, a transition from rural banking to thrift banking, and a notable connection to vehicle and motorcycle finance. Publicly available material supplied for this entry does not establish its current ownership, executive leadership, website, listing status, or present financial scale.

Bank of Makati traces its origin to September 22, 1956, when Rural Bank of Makati, Inc. was established along J.P. Rizal in the then-town of Makati, Rizal. Its original status was that of a rural bank, a category intended to support local communities, agricultural areas, small enterprises, and retail customers that were not always served by larger commercial institutions. The bank's corporate structure and direction changed in October 2001, when it experienced a change in ownership accompanied by organizational reforms. In November 2005, the institution formally adopted the name Bank of Makati (A Rural Bank), Inc. This naming change strengthened the Bank of Makati identity while continuing to identify the organization with its rural-bank origins. The institution's scale increased during the 2000s. In 2006, it appeared in the Top 1000 Corporations in the Philippines. A BusinessWorld corporate profile from 2008 characterized it as the country's largest rural bank and reported historical total assets of approximately PHP 5.2 billion, along with net worth exceeding PHP 800 million. These figures describe the bank's position at that time and are not a substitute for current financial reporting. In 2009, Bank of Makati carried out a rebranding initiative that introduced a new logo and slogan. The effort represented a move to refresh the brand and communicate a more contemporary banking identity. The bank retained its local Philippine orientation while broadening its public profile beyond the historical rural-bank label. The most significant institutional change in the available history occurred in 2015. On April 28 of that year, the Bangko Sentral ng Pilipinas issued a certificate of authority allowing the bank to operate as a thrift bank. After receiving the authorization, the institution officially changed its name to Bank of Makati (A Savings Bank), Inc. This transition placed the bank within the Philippine thrift-banking sector and marked a change from its earlier rural-bank classification. Bank of Makati's service profile includes motorcycle financing. The bank provides motorcycle loans to customers of Motortrade, identified in the reference material as a sister company, as well as to customers of Motorjoy Depot Inc., Honda Prestige, and Motortrade Topline, which are described as affiliated businesses. This lending connection links the bank to motorcycle retail and distribution networks and appears to be an important specialized element of its business model. The available reference material does not document the bank's current ownership, board, executive team, branch network, current financial results, digital channels, or present corporate website. Its documented history nevertheless shows a clear institutional progression: establishment as a rural bank in 1956, ownership and reform changes in 2001, a formal identity change in 2005, brand renewal in 2009, and regulatory conversion to a thrift bank in 2015.

• 2015

  Conversion to thrift-bank operations

  [1]Bank of Makatien.wikipedia.org

  The Bangko Sentral ng Pilipinas issued a certificate of authority on April 28, 2015, allowing the bank to operate as a thrift bank. The institution then adopted the formal name Bank of Makati (A Savings Bank), Inc.

• 2009

  Brand rebranding

  [1]Bank of Makatien.wikipedia.org

  The bank introduced a new logo and slogan as part of a corporate rebranding.

• 2006

  Included among the Philippines' Top 1000 Corporations

  [1]Bank of Makatien.wikipedia.org

  Bank of Makati was included in the Top 1000 Corporations in the Philippines.

• 2005

  Bank of Makati name adopted

  [1]Bank of Makatien.wikipedia.org

  The company officially changed its name to Bank of Makati (A Rural Bank), Inc. in November 2005.

• 2001

  Ownership change and reforms

  [1]Bank of Makatien.wikipedia.org

  The banking company underwent a change in ownership and organizational reforms in October 2001.

• 1956

  Rural Bank of Makati is established

  [1]Bank of Makatien.wikipedia.org

  Rural Bank of Makati, Inc. was established on September 22, 1956, along J.P. Rizal in the then-town of Makati, Rizal.

A Philippine domestic thrift bank with historical roots in rural banking and a specialized presence in motorcycle financing.

• Retail banking

  Deposit and savings services

  As a thrift bank, Bank of Makati provides banking services associated with deposit-taking and savings activities. The available reference material does not specify the names, rates, eligibility rules, or current terms of individual deposit products.

• Consumer finance

  Motorcycle loans

  Bank of Makati provides motorcycle financing for customers of Motortrade and related businesses identified as Motorjoy Depot Inc., Honda Prestige, and Motortrade Topline. The available material establishes the existence of this lending service but does not provide current loan amounts, repayment terms, pricing, or underwriting requirements.

• 2009Corporate rebranding

  Philippines

  Bank of Makati refreshed its public identity by introducing a new logo and slogan.

  Outcome. The initiative gave the bank a renewed brand presentation; the available source does not report campaign performance measures.

  Source

• 2015

  Transition from rural bank to thrift bankStrategy

  Background

  Bank of Makati had operated as a rural bank since its establishment in 1956 and was known as Bank of Makati (A Rural Bank), Inc. before the regulatory change.

  Action taken

  The Bangko Sentral ng Pilipinas granted a certificate of authority on April 28, 2015, permitting the institution to operate as a thrift bank. The bank then changed its formal name to Bank of Makati (A Savings Bank), Inc.

  Aftermath

  The institution entered the Philippine thrift-bank segment. The available source does not detail subsequent changes in branches, products, ownership, or financial performance.

  Source

1. 1Bank of Makatien.wikipedia.org