This information is derived from the State Department's Office of Investment Affairs’ 2018 Investment Climate Statement. Any questions on the ICS can be directed to EB-ICS-DL@state.gov.
The commercial banking system includes three U.S. foreign-branch banks: Citibank, which operates six full-service Citibank branches in key locations in Metro Manila and Metro Cebu; Bank of America; and JP Morgan Chase. Two U.S. banks have representative offices in the country: Wells Fargo Bank and Bank of New York Mellon.
Reflecting a long history of economic and political ties, all commercial banks in the Philippines have correspondent U.S. banking relationships. The best way for a firm to determine whether its U.S. bank has a correspondent bank in the Philippines is by checking with the U.S. bank.
Banks
Merrill Lynch
Roxas, Makati City 1226
Tel: (632) 815-5000; 815-5600
Fax: (632) 815-5582
E-mail: vincent.valdepenas@baml.com
Country Manager
(Phils.)
Tel: (632) 841-3384
Fax: (632) 894-7703
E-mail: aftab.ahmed@citi.com
Country Officer
Tel: (632) 885-7925
Fax: (632) 885-7924
E-mail: roberto.panlilio@jpmorgan.com
Offices
Tel: (632) 884-8426
Fax: (632) 884-8644
E-mail: Imelda.capistrano@wellsfargo.com
Senior Vice President & Country Manager
Tel: (632) 885-0383
Fax: (632) 885-0382
E-mail: teri.floro@bnymellon.com
Chief Representative
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
