Subsidiaries & Affiliates

The BAP Credit Bureau, Inc. was established by the BAP in March 1990 to initially facilitate the exchange of credit information among member banks and eventually to provide relevant credit information services for all member banks.

Philippine Clearing House Corporation (PCHC) was incorporated in July 1977 as a private corporation co-equally owned by all commercial banks enlisted as members of the Bankers Association of the Philippines (BAP). It commenced its live operations on 06 June 1980 and stood proud being the first Automated MICR Cheque Clearing House in Southeast Asia.

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The PDS Group was built as a community solution following the economic stresses felt within the region in 1997. The Group was formed to shepherd the implementation of a Market Reform.

Powered by state-of-the-art technology, it provides a full suite of services, from trading to clearing and settlement, and post-settlement across different asset classes. It also offers learning facilities to equip its markets and communities in keeping pace with market development and professional practice, locally and internationally.

PDS Group, the Complete Capital Market Infrastructure, is composed of a holding company, the Philippine Dealing Systems Holdings Corp. and operating subsidiaries:

  • Philippine Dealing & Exchange Corp. (PDEx) – Trading Services Arm
  • Philippine Depository & Trust Corp. (PDTC) – Securities Services Arm
  • Philippine Securities Settlement Corp. (PSSC) – Payment and Transfer Services Arm
  • PDS Academy for Market Development Corp. (PDSA) – Market Education and Development

PDS Group operates in a regulatory environment that ensures conformance to governance and regulatory requirements and commitment to stability, integrity, and investor protection.

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The ASEAN Bankers Association was founded in 1976. From the original five members, namely Indonesia, Malaysia, Philippines, Singapore and Thailand, it became six when Negara Brunei Darussalam joined as a member in 1984. In 1995, Vietnam was admitted into ASEAN as the seventh member and in May 1999, Cambodia was admitted as the eighth member. In July 2001, Myanmar was admitted as the ninth member. In 2004, Lao Bankers’ Association was admitted as the tenth member thus making the constituent membership of the Association complete.

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