12p Philtrust Building - Singles (101,000)
Layout Artist: Victorino Z. Serevo
Design: Facade of Philtrust Bank building
in Binondo, Manila
First Day Covers: Manila
Philippine Trust Company (Philtrust
Bank) - 100th Anniversary
PHILTRUST BANK, also known as the Philippine Trust Company, is the
first institution to engage in the trust business under Philippine
law. It started operations on October 21, 1916.
Its organization was the result of an increasing number of estates
needing administration, minor heirs requiring guardianship services
and other estates which needed trusteeship relations, of which there
was none in existence at the time. Trust accounts also involved
receiverships, assigneeships, custodian of wills and estates under
court appointed or private administration. Essentially, therefore,
the fiduciary role was the guiding light of the new company. Banking
is indeed vested with public trust and confidence and the
relationship between bank and client must remain deeply rooted
thereon. Hence, even in its humble beginnings, the Philippine Trust
Company anchored its hopes for greater service to the community on
its commitment to trust and confidence.
The Bank's continued growth and development has been possible with
the wholehearted support of all its constituents, clientele, policy
and decision makers, able officers and staff and its unswerving
loyalty to the high traditions of responsible banking.
Today, the Bank is being fully equipped and automated with the most
modern and sophisticated bank equipment. A system of computerization
is being installed for practically all bank transactions. The
savings accounts machines system for which the Bank is particularly
proud because it was the first bank in the Philippines to introduce
the same in the early thirties is being modernized and refined with
the latest equipment.
The Bank's Head Office is now housed in a sprawling complex on the
United Nations Avenue corner San Marcelino Street in Manila. The old
Head Office Building on Plaza Goiti (Plaza Lacson) now houses its
Sta. Cruz branch. The bank also owns many of its branch buildings
and properties in Manila and in the provinces. It is the second
oldest private commercial bank in the country. Known for its
conservatism, it has acquired and enjoyed the confidence and
reputation for financial stability and reliability in services.
For 100 years since its establishment, Philtrust Bank now has a
total of 61 branches, 40 located in Metro Manila and 21 in the
provinces. Greater emphasis is being given to regional operations
and financing of priority industries relevant to the need of growing
economy of the country.