Urban Bank

Urban Bank

Former type	Defunct; later became part of Export and Industry Bank (also defunct)
Industry	Finance and Insurance
Founded	Pasig, Philippines (1980)
Defunct	2001
Headquarters	Makati, Philippines
Key people	Fidel V. Ramos, Chairman Emeritus Arsenio M. Bartolome III, Chairman Teodoro C. Borlongan, President and CEO
Products	Financial Services
Revenue	P27.2 million PHP (1999) [1]
Number of employees	600 (at closure)
Website	http://www.urbanbank.com

Urban Bank (: UBI), also known by its initials (and ticker symbol) UBI, was a middle size bank in the Philippines. The bank, along with its two subsidiaries, declared a voluntary bank holiday for failing to meet withdrawals and was consequently closed by the Bangko Sentral ng Pilipinas and put under the mandatory receivership of the Philippine Deposit Insurance Corporation on April 26, 2000. The bank subsequently merged with Export and Industry Bank (Exportbank) in 2001.

Urban Bank was incorporated on July 8, 1980, as a private development bank. Sometime later that year, the bank opened as a one-branch thrift bank in what is today Pasig.

In 1981, Urban Bank was chosen by the government as one of twelve financial institutions legally permitted to trade government securities. By 1982, the bank became one of the few non-commercial banks licensed by the Bangko Sentral to accept checking accounts and accept foreign currency deposits and was also accredited by the Bureau of Internal Revenue as one of its tax collecting agents. After the BIR withdrew the authority to collect taxes from all collecting banks, Urban Bank was the first bank to be subsequently re-accredited by the BIR. By 1985, it became the largest originating bank for loans to the Pag-IBIG Fund for its National Shelter Program.

In 1987, Urban Bank became the first non-commercial bank to list on the and the (now the ) under the ticker symbol UBI. After its closure and subsequent merger with Export and Industry Bank, Urban Bank shares were re-listed on the PSE under Exportbank's ticker symbol, EIB.

Through its affiliate, Urbancorp Investments (UII), Urban Bank acquired in 1987 a stockbrokerage seat in the MkSE. The stockbrokerage license was subsequently transferred to Urbancorp Securities, a new subsidiary licensed to engage in securities dealership and brokerage.