Urban Bank (PSE: UBI), also known by its initials (and ticker symbol) UBI, was a middle size bank in the Philippines. The bank, along with its two subsidiaries, declared a voluntary bank holiday for failing to meet withdrawals and was consequently closed by the Bangko Sentral ng Pilipinas and put under the mandatory receivership of the Philippine Deposit Insurance Corporation on April 26, 2000. The bank subsequently merged with Export and Industry Bank (Exportbank) in 2001.
Read more about Urban Bank: History, Subsidiaries and Affiliates, The Charges, Comparison To Banco Filipino
Famous quotes containing the words urban and/or bank:
“A peasant becomes fond of his pig and is glad to salt away its pork. What is significant, and is so difficult for the urban stranger to understand, is that the two statements are connected by an and and not by a but.”
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