The Philippine First Public Bank

Language Activities

Growth Resources

Growth Resources Vocabulary

Vocabulary

Association Game
Translation Flip Card
Contextual Clues

Cultural Scenarios

Cultural Scenario

Other Language and Cultural Notes

SEASITE Modules

Business Lessons
Philippine Economics
Philippine Government

Philippine Business Bank - Cubao Branch

The Philippine First Public Bank

DID YOU KNOW…
...that the king of Spain, Ferdinand VII, issued a decree on April 6, 1828 to establish a public bank in the Philippines to meet the requirements of increasing commerce and trade in the islands?
.
…that this bank, originally called El Banco Español Filipino de Isabel 2, was organized as a limited stock company along the lines of contemporary state banks in Europe at that time?
.
…that the bank's first office was located in the Royal Custom House (also called Aduana, but later known simply as Intendencia) within walled Manila, which is now officially called Intramuros?
.
…that the bank was originally managed by two elective managers who took turns serving as managing director on an annual basis?
.
…that about a hundred years later, the Intendencia would also house the first Central Bank of the Philippines?

Growth Resources

acquisition - pagkakamit
activity - aktibidad
agreement - kasunduan
to associate - iugnay
to close - isara
concentration - konsentrasyon
to conclude - tapusin
to establish - magtatag
to exchange - ipalit
to expand - palawakin
expansion - pagpapalawak
expectation - inaasahan
group - grupo
increase - pagtaas
integration - pagkakabuo
to merge - pagsamahin
merger balance - merger balance
merger by integration - merger by integration
merger by takeover - merger by takeover
process - proseso
profit - kita
projection - inaasahan
proposal - panukala
public offering - alok sa publiko
sales - benta
takeover - pagkuha
to transfer - ilipat
to undertake - tangkain
vertical integration - vertical integration
volume - dami