Did you know: First foreign bank in PH

The first foreign bank in the Philippines is the Hongkong and Shanghai Banking Corp. (HSBC) which was established on Nov. 11, 1875. Its first branch opened on Calle Juan Luna in Binondo, Manila. At present, HSBC has a 15-strong branch network, including eight branches of the locally incorporated HSBC Savings Bank, located at Metro Manila, Cebu and Davao.–Marielle Medina, Inquirer Research