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Brief History

   Allied Bank was incorporated on April 1, 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 began its operations on June 2, 1977 with around 26 branches. On August 19, 1977, it was authorized to operate an expanded foreign currency deposit unit (FCDU), and in December 1981, it officially became an expanded commercial bank or universal bank.


     Today, Allied Bank operates a total of 288 domestic branches/offices, including its subsidiaries Allied Savings Bank (27 branches), Allied Leasing and Finance Corporation, and the PNB Life Insurance, Inc.-formerly New York Life Insurance Philippines, Inc (NYLIP)-which was acquired by the Bank in 2007.

    Aside from its local branch network, Allied Bank also operates 2 offshore branches in Bahrain and in Guam; a wholly-owned subsidiary in the United Kingdom (Allied Bank Philippines (UK) Plc) and a majority-owned subsidiary in Hong Kong (Allied Banking Corporation (Hong Kong), Ltd.); a majority-owned commercial bank subsidiary in Xiamen, China (Allied Commercial Bank); and an affiliate commercial bank based in California, U.S.A. (Oceanic Bank), with offshore branches in San Francisco (Union Square Branch) and in Guam (Guam Branch). Representative offices were also established in Germany, Singapore and Australia, and consultancies/remittance desks in Saudi Arabia, Kuwait, Qatar and the United Arab Emirates.

     As of June 30, 2009, Allied Bank was ranked 8th largest private domestic bank in the country in terms of total deposits, total assets and net worth.

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The Highlights of Operations (1977-2007):

Allied Bank began its operations with 26 branches with Mr. Lucio C. Tan as the Founding Chairman, Mr. Willy S. Co as Vice-Chairman and Atty. Romeo Y. Co as the President.
Allied Bank's globalization thrust began with the opening of Allied Capital Resources Ltd. in Hong Kong.

To increase its services and sectoral coverage, Allied Bank established Allied Leasing and Finance Corporation (ALFC). It's London representative office was opened. Allied Bank was no. 1 in total resources among the 26 private domestic banks in the Philippines as of December 28, 1979.
Head Office transferred from Binondo to Allied Bank Centre, in Ayala Avenue, Makati City. Allied Bank acquired the assets and assumed the deposit liabilities of Hong Kong and Shanghai Bank branch in Iloilo. The first Philippine offshore banking unit in the Middle East was established with the opening of Allied Bank's Bahrain office.

Allied Bank distinguished itself as the first Philippine bank to syndicate a foreign loan for the Central Bank of the Philippines through its Bahrain offshore branch.
Allied Bank was authorized to operate as a universal bank which broadened its services.

Allied Bank increased its customer base as it embarked on innovative marketing thrusts, such as the nationwide Tupad Pangarap Deposit Campaign. Allied Bank London branch was opened as the first Philippine private universal bank granted the status of a licensed deposit-taker by the Bank of England.
Allied Bank was among the first to be accredited as  an originating financial institution of the Guarantee Fund for Small and Medium Enterprises.

Corporate philosophy of SERVICE was established, living up to the ideals of S-tability, E-xpertise, R-esponsiveness, V-ision, I-ntegrity, C-ommitment and E-xcellence.
Allied Bank affirmed its commitment to help develop growth areas when it acquired a development bank which turned into a savings bank and renamed First Allied Savings Bank and subsequently, Allied Savings Bank.

Allied Bank strengthened its foothold in the Filipino overseas remittance market in the Middle East by opening its Oman, Qatar and United Arab Emirates remittance centers.
"Catch the Allied Spirit", a fund-generation campaign, resulted in substantial gain in resources for Allied Bank.

The Allied Bank Automated Teller was launched to give clients the added convenience of round-the-clock banking through automated teller machines.
Allied Bank, together with nine other commercial banks, launched BancNet - a shared ATM consortium - to boost ATM convenience

Allied Bank's branch network totalled 100 branches, extending its reach to growth areas in different localities.
The Allied Bank Visa Card was launched as a tool to further enhance customer convenience. Allied Bank was the first to operate in Boracay Island.

The opening of Xiamen Commercial Bank, (subsequently renamed Allied Commercial Bank), a subsidiary of Allied Bank, marked the first Philippine-based entity to be allowed to open a commercial bank in the People's Republic of China.
Allied Bank went beyond traditional commercial banking practices by setting up the Consumer and Merchant Banking Divisions to service new markets.

Allied Bank was granted authority by the United States Social Securtiy Agency and Veterans Affair to launch US-SSS Direct Deposit Program to facilitate easy and fast pension remittances to Filipino-US SSS pensioners.
Allied Bank's global presence grew further with the opening of the Bangkok, Sydney and Tokyo representative offices. Allied Bank entered in the global capital markets through the successful issuance of its first Floating Rate Certificate of Deposits (FRCDs). It was conferred the prestigious Gawad Quedancor Award for being the top lending bank.

The award-winning commercial "For once, a bank is telling you there are some things more important than money" was launched with the objective of strengthening Allied Bank's position as a leader in the area of customer intimacy and relationship.
Reorganized for efficiency and better delivery of services, the bank streamlined its hierarchy into 5 main groups: Institutional Banking, Retail Banking, Controllership, Operations and Corporate Services.

Allied Bank was awarded 52 branch licenses when it assumed the uninsured deposits of Orient Commercial Banking Corporation. Full operationalization of the 12 Business Centers nationwide, Systematics Software, Consumer Transactions Tellering System (CTTS) and the Electronic Cheque Clearing System (ECS) enhanced the delivery of services to clients.
New major products were launched, namely, the Top Saver, Allied Advantage Account (Triple A) and Top Provider which were all well received by the market.

Despite economic slowdown, Allied Bank opened 21 new branches, including nine in the provinces and bringing the total network to 273 branches nationwide.
Allied Bank celebrated its silver anniversary highlighting the core values which the organization lives by: trust, partnerships, service excellence and community involvement. It purchased the assets and assumed the liabilities of Standard Chartered Bank in Iloilo.

Allied Bank expanded its reach in China by establishing an Allied Commercial branch in Chongqing, China. It ventured into bancassurance with the acquisition of a 25% stake in New York Life Philippines, Inc.
Allied Bank launched the Small Business Lending Program to cater to small entrepreneurs and professionals who need start-up funds for fixed acquisition, working capital and/or other financing needs including payment of business or franchise fee.

Allied Bank launched the KAAKIBAT Microfinance Lending Program to cater to the micro and small entrepreneurs and provide wholesale financing support to microfinance practitioners such as rural banks, cooperatives and NGOs.
Allied Bank was awarded by the Home Guaranty Corporation as Distinguished Partner in Housing Finance for having the biggest volume of outstanding guaranteed loans among universal banks. It was also cited by the Philippine Dealing System as the 2nd Most Active Trading Participant.

Allied Bank increased ownership to 75% of the shares of NYLIP. The remaining 25% was acquired by the key shareholders of the Bank led by Mr. Lucio C. Tan. It launched the Allied Bank MasterCard which is foreseen as one of its major profit drivers.

On March 2008, the Bank successfully completed the sale to the public of its first Unsecured Subordinated Debt (USD) eligible as Lower Tier 2 (LT2) of P4.5 Billion. This maiden public issuance elicited extensive support from the Bank’s retail depositors and correspondingly increased the Bank’s CAR.  


Credit Card Department (CCD) launched the Mabuhay Miles World and Platinum MasterCard which offers the lowest point-to –mile conversion of P38.00 to a mile.   

Allied Bank won an APMEA award for Best Premium Co-Brand Program during the Annual Asia-Pacific, Middle East and Africa (APMEA) Product Conference and Technology Fair held to honor MasterCard Worldwide customer financial institutions for their excellence in promoting growth, technology, and innovation in the payments industry.


The Bank entered the capital market as it participated in various loan syndications, corporate notes issuances, and government priority projects in the infrastructure and power industries all throughout the year. 


The Bank launched the 7%, 5-year Long-Term Negotiable Certificate of Time Deposit with the issue amount of P3.5 Billion.  

Introduced 3 new credit card products: the Corporate Credit Card, PNB Essentials and Platinum MasterCard, and the China Union Pay Credit Card.

The Bank won the Most Effective Card Marketing Program Award for its P 35 to a mile promo.



The Bank was conferred the honor of being named Top 3 Acquiring Bank by BancNet, Inc.

The Bank was one of the three Joint Lead Managers in the successful P5.0 Billion bond flotation of Tanduay Distillers.   












Credit Card Department lowered the spending requirement for Mabuhay Miles MasterCard to P33 per mile making it the credit card with the lowest spend per mile in the country.

The Bank also launched the “Lipat na, Lipad Pa ” promo, the lowest and biggest balance transfer offer.

The Bank teamed up with PNB and PAL to produce the PNB Mabuhay Miles MasterCard.

 HRD launched the Fast Track Training Program (FTTP), a career development program aimed to recognize high-potential employees.

HRD launched the H.E.R.O.E.S. Customer Service Incentive Program that hails branches and branch personnel who exemplify the Bank’s customer-centric values of Honesty, Efficiency, Reliability, Objectivity, Empathy, and Service.

The Bank conducted its first-ever Mass Blood Donation Program and will be conducted semi-annually thereafter as part of the Bank’s Corporate Social Responsibility activity.






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