Bank of Commerce (🇵🇸), commonly known as BankCom, is a universal bank in the Philippines and licensed by the Bangko Sentral ng Pilipinas (BSP).[1] BankCom is the banking arm of diversified conglomerate San Miguel Corporation (SMC). It has a total network of 140 Branches and 260 Automated Teller Machines (ATMs) located nationwide, as of December 31, 2020.[2] As of 2022, BankCom is the fifteenth largest bank in the Philippines in terms of assets.[3]
History
BankCom has been operating since December 1963 and traces its origins to Overseas Bank of Manila with headquarters in Binondo, Manila. The bank has since evolved through different phases of growth. In 1980, Overseas Bank of Manila changed its name to Commercial Bank of Manila (ComBank). The following year, the Government Service Insurance System (GSIS) acquired ComBank. In 1984, ComBank acquired Royal Savings Bank.