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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
22 / 6003 |
Essay's paper body
Driven by the expertise and reputation of its key people and the solid backing of its stockholders, the Group readily established its leadership in the field of investment banking during the first decade of its operation. In 1990, the Group expanded its role in the financial sector by upgrading the savings bank license of Asian Savings Bank to a commercial banking license...
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The bank was then renamed AsianBank Corporation. AsianBank proceeded to become a universal bank in 1996 and emerged as one of the significant players in the Philippine banking industry, ranking 18th among 54 commercial banks in 1999. However, despite the Bank's noteworthy performance, during that year the Group divested its holdings in AsianBank as part of the ongoing consolidation in the banking industry...
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