Includes a list of U.S. banks operating in the market; indicates whether Ex-Im Bank offers any country-specific programs.
Last Published: 7/18/2019

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

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.

Address and Contact #Contact Person
1.  Bank of America
Merrill Lynch
27/F Philamlife Tower, 8767 Paseo de
Roxas, Makati City 1226
Tel: (632) 815-5000; 815-5600
Fax: (632) 815-5582
Vincent P. Valdepenas
Country Manager
2   Citibank, N.A.
16/F Citibank Plaza, 34th St. cor. Lane S, Bonifacio Global City, Taguig City 1634
Tel: (632) 841-3384
Fax: (632) 894-7703
Aftab Ahmed
Country Officer
3. JP Morgan Chase Bank, N.A.30/F Zuellig Bldg., Makati Ave. cor. Paseo de Roxas, Makati City 1225
Tel: (632) 885-7925
Fax: (632) 885-7924
Roberto L. Panlilio
1. Wells Fargo Bank, N.A.15/F Tower I, Enterprise Center, 6766 Ayala Ave. cor. Paseo de Rpxas, Makati City 1200
Tel: (632) 884-8426
Fax: (632) 884-8644
Imelda B. Capistrano
Senior Vice President & Country Manager
2.  Bank of New York Mellon10/F Philamlife Tower, 8767 Paseo de Roxas, Makati City 1200
Tel: (632) 885-0383
Fax: (632) 885-0382
Ma. Therese A. Floro
Chief Representative

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