Philippine Business Bank
A Philippine savings bank focused on corporate customers and small and medium-sized enterprises.
Last updated August 31, 2026
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Overview
Philippine Business Bank (PBB) is a Philippine savings bank serving businesses, particularly small and medium-sized enterprises, as well as larger corporate clients and retail customers. It began operations on February 12, 1997, under the name Total Savings Bank and changed to its current corporate name later that year after receiving approval from the Philippine Securities and Exchange Commission. From its early years, the bank positioned itself as a business-oriented institution rather than a purely consumer-facing retail bank. Its service portfolio includes deposit accounts, corporate and retail lending, cash management, international trade finance, treasury products, and trust services. PBB has historically emphasized proximity to the business communities it serves. Its head office is in Caloocan rather than in the major Makati or Ortigas financial districts, a location choice associated with its effort to remain close to small and medium-sized enterprises and other operating businesses. The bank opened 10 branches during its first year and had 15 branches by the end of its second year, initially concentrating on Metro Manila and nearby commercial centers. It later pursued a nationwide expansion strategy designed to extend access to provincial business hubs and growing SME markets. The bank announced a planned expansion from 78 branches to 100 branches in 2013. That expansion was linked to an initial public offering on the Philippine Stock Exchange, which was intended to provide capital for network growth. By the end of 2013, PBB reported 100 branches and had received regulatory approval to open 26 additional branches in 2014 across Luzon, the Visayas, and Mindanao. The expansion reflected the bank's stated focus on reaching enterprises outside the country's principal metropolitan business districts. By December 31, 2021, the bank reported 165 branches, including locations such as Candon in Ilocos Sur, La Trinidad in Benguet, and Calasiao in Pangasinan. A reference description identifies PBB as the Philippines' second-largest savings bank as of December 31, 2022. Its branch and automated-teller-machine network supports business banking, deposits, payments, lending, and other financial services across the country. The bank is associated with the AMY Group, a business group linked to entrepreneur Alfredo Yao, whose interests also include Zest-O Corporation and Macay Holdings. PBB remains an active Philippine banking institution with a business model centered on commercial relationships, SME finance, and nationwide branch-based banking.
History
Philippine Business Bank began operations on February 12, 1997, as Total Savings Bank. Before the end of its first year, the institution obtained approval from the Philippine Securities and Exchange Commission to adopt the name Philippine Business Bank. The renaming reflected its intended role as a bank for operating businesses, particularly small and medium-sized enterprises, while also serving larger companies and retail customers. The institution established its initial presence in Metro Manila and nearby commercial centers. It opened 10 branches during its first year and expanded to 15 branches by the end of its second year. Rather than locating its head office in the principal financial districts of Makati or Ortigas, PBB based its headquarters in Caloocan. This choice supported the bank's stated objective of staying close to the small and medium-sized businesses that formed an important part of its target market. As the bank developed, its services extended beyond basic savings products. PBB built a portfolio covering deposits, corporate and retail loans, cash management, international trade finance, treasury activities, and trust services. Its commercial orientation was particularly evident in its focus on business lending and transaction services for SMEs and corporate customers. The bank also sought to expand beyond Metro Manila into other centers of commercial activity around the Philippines. In January 2013, PBB announced a plan to grow its branch network from 78 to 100 locations by the end of that year. The first stage concentrated on Luzon, especially Metro Manila, while the broader objective was to reach the country's expanding SME sector. The bank connected this network strategy with an initial public offering on the Philippine Stock Exchange. The offering raised capital intended to support expansion. By December 2013, PBB had reached 100 branches and had received approval to establish 26 additional locations in 2014 across Luzon, the Visayas, and Mindanao. The geographic expansion continued in later years. By December 31, 2021, PBB reported 165 branches, including branches in Candon, La Trinidad, and Calasiao. A reference account identifies it as the Philippines' second-largest savings bank as of December 31, 2022. The bank also operated an ATM network, with machines in Metro Manila and provincial locations. Its broader corporate setting is the AMY Group, associated with Alfredo Yao and including interests such as Zest-O Corporation and Macay Holdings. PBB's continuing identity is that of an active Philippine savings bank combining branch-based access with business banking, SME finance, deposits, lending, and financial-market services.
- 2022
Identified as the Philippines' second-largest savings bank
[1]A reference description identifies PBB as the country's second-largest savings bank as of December 31, 2022.
- 2021
Branch network reached 165 locations
[1]The bank reported 165 branches as of December 31, 2021, including locations in Ilocos Sur, Benguet, and Pangasinan.
- 2013
Expansion plan and initial public offering
[1]PBB announced a plan to reach 100 branches and used an initial public offering on the Philippine Stock Exchange to support nationwide growth.
- 2013
Branch network reached 100 locations
[1]By year-end, PBB had 100 branches and regulatory approval for 26 more branches in 2014.
- 1998
Branch network reached 15 locations
[1]By the end of its second year, the bank had 15 branches in Metro Manila and neighboring business centers.
- 1997
Operations began as Total Savings Bank
[1]The institution started banking operations on February 12, 1997, under the name Total Savings Bank.
- 1997
Corporate name changed to Philippine Business Bank
[1]The bank received approval to adopt the Philippine Business Bank name before the end of its first year.
- 1997
Initial branch network established
[1]PBB opened 10 branches during its first year of operation.
Products and positioning
A Philippine business-oriented savings bank serving SMEs, corporate customers, and retail clients through lending, deposits, transaction banking, and treasury services.
Business banking
SME and corporate lending
Business lending is central to PBB's positioning. The bank serves small and medium-sized enterprises as well as larger companies, providing credit intended to support operating businesses and commercial activity. Its branch expansion has been linked to the objective of reaching enterprises in provincial and metropolitan business centers.
Deposits
Deposit products
PBB provides deposit products for business and retail customers. These accounts form part of the bank's core savings-bank offering and support the broader relationship between the institution and its corporate, SME, and individual clients.
Transaction banking
Cash management
Cash-management services are designed for organizations that need to handle collections, payments, liquidity, and day-to-day banking activity. The offering complements PBB's lending and deposit relationships with corporate and SME customers.
Trade finance
International trade finance
PBB offers international trade-finance services as part of its corporate banking portfolio. These services support business transactions involving international commerce and extend the bank's role beyond domestic deposits and loans.
Financial services
Treasury and trust products
Treasury and trust products broaden PBB's institutional offering. They complement conventional banking services with financial-market and fiduciary capabilities for eligible corporate, institutional, and other customers.
Brand decisions
2013
Nationwide branch expansion toward the SME marketStrategyBackground
PBB sought to extend its reach beyond its established Metro Manila and nearby business-center network and to serve the growing SME sector in additional Philippine markets.
Action taken
The bank announced a plan to increase its branch count from 78 to 100 by the end of 2013, initially emphasizing Luzon and Metro Manila, followed by expansion into the Visayas and Mindanao.
Aftermath
PBB reached 100 branches by the end of 2013 and obtained approval to open 26 additional branches in 2014.
2013
Initial public offering to fund expansionOtherBackground
The bank required additional capital to support its planned nationwide branch expansion.
Action taken
PBB conducted an initial public offering on the Philippine Stock Exchange.
Aftermath
The offering provided funding associated with the bank's expansion plan, while the institution continued growing its branch network across the Philippines.
Sources1 sources
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