ALLIED BANK
COMPANY BACKGROUND:
Allied Bank’s history can be traced back to the defunct General Bank and Trust Company (General Bank). In 1977, Lucio Tan acquired the General Bank for only P500,000 and renamed it as Allied Bank. In 1981, it was authorized by the Bangko Sentral ng Pilipinas to operate an expanded foreign currency division and became a universal bank. A year later, Allied Bank opened the Allied Capital Resources, Ltd. in Hong Kong. In 1979, it became the number one bank in terms of total resources among the 26 private banks in the Philippines.
By 1982, the bank has been granted a universal banking license. In 1986, Allied Bank acquired a development bank and renamed it First Allied Savings Bank, which is now known as Allied Savings Bank. It was one of the nine founding members of BancNet in 1990. Allied Bank reached a milestone when it became the first commercial bank to open a branch in the People’s Republic of China—the Xiamen Commercial Bank (now Allied Commercial Bank). Since then, Allied Bank has put up representative offices in Tokyo, Sydney and Bangkok.
In 2003, Allied Bank entered the bancassurance with a 25% stake in the New York Life Philippines, Inc. Four years later, it acquired an additional 50% of the life insurance company making New York Life a subsidiary of Allied Bank.

Alliedbankers Insurance Corporation is formerly the Sincere Insurance Company, Inc. Which was incorporated in 1960. The Lucio Tan Group of Companies (LTGC) acquired 100 ownership of the company in 1980 and changed its name to Alliedbankers Insurance Corporation.

Our Vision
A Community of Committed Professionals
Aware of Critical Education Issues and
TakingVoluntary Action to Help attain
Quality Education

Our Mission
1. valuing integrity and quality education
2. sharing and integrating knowledge, expertise and best practices and