# PSBank

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Bank in the Philippines

PSBank Type Public Traded as PSE: PSB Industry Finance Founded 1959; 67 years ago (1959), in Manila, Philippines Key people Vicente R. Cuna Jr. (chairman) Arthur V. Ty (vice chairman) Jose Vicente L. Alde (president and Director) Services Banking Revenue ₱20.23 billion (2020)[1] Number of employees 2,030 Parent Metrobank Group Website psbank.com.ph

The **Philippine Savings Bank** (also known in [Hokkien](/source/Philippine_Hokkien) [Chinese](/source/Chinese_language): 全菲儲蓄銀行; [Pe̍h-ōe-jī](/source/Pe%CC%8Dh-%C5%8De-j%C4%AB): *Choân Hui Thí-thiok Gûn-hâng*; & [Mandarin](/source/Mandarin_Chinese) [simplified Chinese](/source/Simplified_Chinese_characters): 全菲储蓄银行; [traditional Chinese](/source/Traditional_Chinese_characters): 全菲儲蓄銀行; [pinyin](/source/Pinyin): *Quán Fēi Chúxù Yínháng*)[2] (shortened as **PSBank** or abbreviated as **PSB**) is a [savings bank](/source/Savings_and_loan_association) based in the [Philippines](/source/Philippines). It is a subsidiary of [Metrobank](/source/Metrobank_(Philippines)) and is the [largest savings bank in the Philippines](/source/List_of_largest_banks_in_the_Philippines#2019_2).

## Subsidiaries and affiliates

A PSBank branch in [Pulilan, Bulacan](/source/Pulilan%2C_Bulacan)

PSBank is a subsidiary of Metrobank, and as such is affiliated with it. PSBank is also affiliated with Toyota Financial Services Philippines Corporation (TFSPC), where it currently has a 25% stake.

## Ownership

- [Metropolitan Bank and Trust Company](/source/Metrobank_(Philippines)): 75.98%

- PCD Nominee Corporation: 5.86%

- Danilo L. Dolor (son of [Doña Soledad Dolor](/source/Do%C3%B1a_Soledad_Avenue#Name)): 5.04%

- Erlinda L. Dolor: 2.95%

- Ma. Soledad S. de Leon: 1.67%

- Public stock: 4.01%

## Competition

PSBank competes with other savings banks, such as BPI Family Savings Bank and RCBC Savings Bank. The bank is also competing against multinational savings bank such as Citibank Savings and HSBC Savings. However, since PSBank is considered a major bank, it also competes with bigger financial institutions. It does not, however, aggressively compete with parent company [Metrobank](/source/Metrobank_(Philippines)).

## Controversies

### Impeachment of Renato Corona

In February 2012, PSBank officials were about to receive a [subpoena](/source/Subpoena) request in connection with the [Impeachment of Renato Corona](/source/Impeachment_of_Renato_Corona) due to the allegations of a secret US$ account under the name of [Renato Corona](/source/Renato_Corona).[3] The PSBank executives were also asked to bring consumer identification and specimen signature card(s) of the bank account(s) under Corona's name which won ₱1 million in the PSBank Monthly Millions Raffle Promo.[4]

### Pork barrel case

During the senate investigations involving the [Priority Development Assistance Fund scam](/source/Priority_Development_Assistance_Fund_scam), also known as the pork barrel scam, PSBank was one of the domestic banks included in the senate inquiry about the bank accounts of the whistleblowers.[5] Moreover, the bank was included as one of the banks from which Senator [Ramon Revilla Jr.](/source/Ramon_Revilla_Jr.) and his family, as well as those of [Janet Lim-Napoles](/source/Janet_Lim-Napoles) and her pseudo-[NGOs](/source/NGO), have utilized to launder the controversial "pork barrel" funds.[6]

## See also

[Portals](https://en.wikipedia.org/wiki/Wikipedia:Contents/Portals):
- [Banks](https://en.wikipedia.org/wiki/Portal:Banks)
- [Philippines](https://en.wikipedia.org/wiki/Portal:Philippines)

- [BancNet](/source/BancNet)

- [Metropolitan Bank and Trust Company](/source/Metrobank_(Philippines))

## References

1. **[^](#cite_ref-1)** [":: About Us ::"](https://web.archive.org/web/20050208211700/http://www.psbank.com.ph/financials02.htm). Archived from [the original](http://www.psbank.com.ph/financials02.htm) on 2005-02-08. Retrieved 2006-04-04.

1. **[^](#cite_ref-2)** ["全菲儲蓄銀行：假期期間利用移動在線平台"](https://www.shangbao.com.ph/jjxw/2023/04-01/136451.shtml). *菲律賓商報 ([Chinese Commercial News](/source/Chinese_Commercial_News))*. Apr 1, 2023. Retrieved May 3, 2023.

1. **[^](#cite_ref-3)** ["PSBank cites bank secrecy law"](http://newsinfo.inquirer.net/138365/psbank-cites-bank-secrecy-law). *Philippine Daily Inquirer*. February 2, 2012.

1. **[^](#cite_ref-4)** ["Did Corona declare P1-M luck?"](https://www.rappler.com/philippines/special-coverage/1234-did-corona-declare-p1-m-luck/). *Rappler*. February 1, 2012.

1. **[^](#cite_ref-5)** ["Napoles presses bank to release whistleblowers' records"](https://www.rappler.com/philippines/78790-napoles-bank-records-whistleblowers/). *[Rappler](/source/Rappler)*. December 23, 2014.

1. **[^](#cite_ref-6)** Chua, Yvonne T. ["How AMLC found possible laundering of Revilla's PDAF"](https://web.archive.org/web/20141030211239/https://ph.news.yahoo.com/blogs/the-inbox/how-amlc-found-possible-laundering-of-revillas-pdaf-101340503.html). *[VERA Files](/source/VERA_Files)*. Archived from [the original](https://ph.news.yahoo.com/blogs/the-inbox/how-amlc-found-possible-laundering-of-revillas-pdaf-101340503.html) on October 30, 2014 – via Yahoo! News Philippines.

## External links

- [Official website](https://www.psbank.com.ph/)

- Media related to [PSBank](https://commons.wikimedia.org/wiki/Category:PSBank) at Wikimedia Commons

v t e Banks in the Philippines Bangko Sentral ng Pilipinas Universal banks Asia United Bank BDO BPI Chinabank EastWest Bank Metrobank PNB Philtrust RCBC Security Bank UnionBank Government banks Al-Amanah Islamic Investment Bank of the Philippines DBP Landbank OFB Commercial banks Bank of Commerce Chinatrust HSBC Maybank PBCom Standard Chartered Veterans Bank Thrift banks 1st Valley Bank BPI Direct Savings Bank China Bank Savings CitySavings Citystate PBB PSBank Queenbank Security Bank Savings Digital banks CIMB Bank GoTyme Bank ING Philippines Maribank Maya Bank Tonik Other banks Cooperative banks Rural banks Defunct Allied Bank (merged with PNB) Banco Filipino Citibank (merged with UnionBank) Equitable PCI Bank (merged with BDO) Far East Bank (merged with BPI) Exportbank (merged with UnionBank) International Exchange Bank (merged with UnionBank) Plantersbank (merged with Chinabank) Premiere Development Bank (merged with Security Bank) RBank (merged with BPI) UCPB (merged with Landbank)

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