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GROUP III
Financial Market / BSA-22A1
Submitted to: blahblah
February 29, 2020
I. INTRODUCTION
AMA Bank has been in operation since 1953. Over the years there is a
subsequent change in the ownership and management of the bank that occurred
and with the said changes, the name of the bank also changed. At first, the bank
was named as Ortanez Rural Bank, Inc., in 1963 it was changed to Rural Bank of
Mandaluyong Inc., in 1992 it was changed into Venture Rural Bank, and at March
1999, the AMA Group of Companies acquired total ownership of Ventures Rural
Bank Inc. from the Ramon Jacinto Group. The bank’s name was changed to AMA
Rural Bank of Mandaluyong, Inc., as approved by Central Bank of the Philippines
(now Bangko Sentral ng Pilipinas), with the business name AMA Bank.
AMA Bank is part of the AMA Group of Companies, a Filipino-owned
enterprise engaged in diverse types of business and services. Mr. Amable R.
Aguiluz, V is the Chairman and President of AMA Rural Bank of Mandaluyong, Inc.
The AMA Group is clustered in four major divisions: the financial services (which
includes AMA Bank), information technology services, property development and
power distribution. The AMA Education System is a network of educational
institutions that provides the competitive edge in computer-based education. It
has firmly established computer colleges and technical centers across the region
from Manila to China, Bahrain, Hong Kong and USA.
AMA Rural Bank of Mandaluyong, Inc offers commercial banking services. It
provides different products and Services such as, bank, savings and checking
deposits, salary loans, time deposit, investment fund and MoneyGram. They
provide this products and services in different locations all throughout the
Philippines like in Bacoor Cavite, Cainta Rizal, Morong Rizal, San Pablo Laguna,
Calamba Laguna, San Fernando Pampanga, Baguio, Baliuag and in Pasig The
eventual conversion of AMA Bank from Rural Bank to Thrift Bank is the immediate
goal of the new management. Backed by the latest in information technology,
AMA Bank aims to serve and be a partner of the Filipino entrepreneur. It is ranked
15th largest rural bank in terms of assets with P2.83 billion and fifth in terms of
capital with P1.04 billion.
II. STATEMENT OF THE PROBLEM