On August 1, 1851, the longest standing bank in the Philippines and the first bank in Southeast Asia was established as El Banco Español Filipino de Isabel II. Known today as Bank of the Philippine Islands or BPI, the bank was created during the administration of Spanish Governor General Juan Antonio de Urbiztondo, whose another claim to fame in terms of economic progress was the creation of interpostal service in the Philippines. It was credited to have printed the first paper money in the Philippines, which the bank began issuing the following year (1852).
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Topic: First Bank in Southeast Asia (Read 155 times)