allied bank see philippine national bank . for allied bank pakistan see allied bank limited . for allied bank zimbabwe see allied bank zimbabwe limited . allied banking corporation former type private industry banking finance and insurance founded manila philippines 1977 defunct 2013 headquarters makati philippines key people domingo t. chua chairman anthony q. chua president products financial services net income p1 .325 billion php 4 % 2004 2 number of employees unknown slogan your ally . your bank . website www.alliedbank.com.ph allied banking corporation now philippine national bank was one of the largest banks in the philippines . it is also one of two universal banks in the philippines not to be traded on the philippine stock exchange the other being the united coconut planters bank . in february 9 2013 the bank was merged with philippine national bank creating the 4th largest private domestic bank of the philippines . contents 1 history 2 subsidiaries and affiliates 2.1 domestic bank affiliates 2.2 international bank affiliates 3 competition 4 see also 5 references 6 external links history edit allied bank was incorporated under the laws of the republic of the philippines on april 11 1977 and granted by the central bank of the philippines the certificate of authority to operate as a commercial bank on may 20 1977 . it formally opened for business on june 2 1977 . on august 19 1977 it was authorized to operate an expanded foreign currency deposit unit fcdu and in december 1981 granted to operate as expanded commercial bank or universal bank . as of december 31 2007 allied bank was the 9th largest private domestic commercial bank in the country in terms of total deposits and the 10th largest in terms of net worth . . aside from its 283 domestic branches offices allied bank had 2 off shore obu branches in bahrain and guam ; a wholly owned subsidiary in the united kingdom allied bank uk plc ; a majority owned subsidiary in hong kong allied banking corporation hong kong ltd. ; a majority owned commercial bank subsidiary in xiamen fujian province people s republic of china allied commercial bank and an affiliate commercial bank based in san francisco california usa with a branch in guam oceanic bank . representative offices were established in australia germany italy japan singapore and spain . in the philippines the universal banking group of allied bank included a wholly owned savings bank the allied savings bank wholly owned allied forex corp. and an affiliate allied leasing and finance corporation . on december 7 2007 the supreme court of the philippines affirmed a judgment dismissing the state s sequestration of lucio tan s companies there can be no question that indeed petitioner s the government s orders of sequestration are void and have no legal effect . the landmark decision would trigger a planned between philippine national bank pnb and another tan s allied banking corporation . edgar bancod research head atr kim eng securities stated that the merged bank would become the country s 4th biggest after metropolitan bank & trust co. banco de oro epci inc. and bank of the philippine islands . 1 2 on february 9 2013 the pnb allied bank merger was completed and adopted the philippine national bank brand making the merged bank as the 4th largest private domestic bank . citation needed tarriela will be the chairman and mier will be the chief executive of the merged bank . 3 subsidiaries and affiliates edit domestic bank affiliates edit allied bankers insurance corporation allied leasing and finance corporation allied savings bank international bank affiliates edit allied bank philippines uk plc allied banking corporation hong kong ltd. allied commercial bank oceanic bank competition edit allied bank s main competitors were major philippine banks like metrobank bpi banco de oro and land bank of the philippines see also edit bancnet list of banks in the philippines list of philippine companies references edit abscbn tan sc victory to spur merger between pnb allied bank supremecourt.gov.ph g.r. nos. 173553 56 pcgg vs. lucio tan first division dec. 7 2007 1 external links edit allied bank v t e banks in the philippines bangko sentral ng pilipinas universal banks asia united bank bdo bpi chinabank eastwest bank metrobank pnb philtrust psbank rcbc security bank unionbank ucpb government banks al amanah islamic investment bank of the philippines dbp landbank postalbank commercial banks bank of commerce chinatrust citibank hsbc maybank pbcom robinsons bank standard chartered bank veterans bank thrift banks bpi direct savings bank china bank savings citystate equicom philippine business bank plantersbank security bank savings other banks cooperative banks rural banks defunct allied bank merged with pnb banco filipino equitable pci bank merged with bdo retrieved from https en.wikipedia.org w index.php title allied banking corporation & oldid 731521080 categories banks of the philippines1977 establishments in the philippinescompanies listed on the philippine stock exchangebanks established in 1977banks disestablished in 2013companies based in makatihidden categories all articles with unsourced statementsarticles with unsourced statements from may 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 25 july 2016 at 21 54 . text is available under the creative commons attribution sharealike license ; 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