Banking and Finance
Philippine Bank of Asia Corporation, is one of the largest and leading banks in terms of assests, management, loans and market capitalization in the country. Founded by the Grant Beray Group, its corporate center is in Makati, Central Philippines. It has 300 branches nation wide. The Bank was named Banco De Pilipinas & Americano Companya which was founded by the beray family on August 1830. Its first branch opened in Cebu and Manila, and later grew into a largest commercial banking group. In the 1900s the banking company was renamed as Philippine Banking Corporation which was controlled by the Grant family togather with the Beray families. The bank was a leader in terms of new innovations which introduced ATM and networking technologies on september 04, 1974. On september 1984 the PBAC has been listed in the Philippine Stock Exchange which ever since grew into a large and diversified Financial company in the philipines.
Australian Universal Banking Group Inc. was founded on July 1990, as an expansion of the banking businesses in which the Grant Beray Group engaged in. Its corproate headquarters are located in Sydney Australia. In September of 1996 the company was listed in the Australian Stock Exchange. The company has 200 branches all over australia and 30 baranches all over the world. The Australian Universal Banking Group engages in Assets Management, Loans, Savings, Commercial, hedge and Remittances. The company is the 5th largest banking institution in the world accounting to 35% economic anf financial contribution to the global financial system.
