Sterling Bank of Asia | |
Hq Location City: | San Juan, Metro Manila |
Hq Location Country: | Philippines |
Key People: | Ruben C. Tiu (Chairman), Gregorio T. Yu (Vice Chairman), Cecilio Paul D. San Pedro (President and CEO) |
Locations: | 48 branches |
Industry: | Finance |
Services: | Banking, Insurance |
Net Income: | million (2020)[1] |
Assets: | billion (Q3 2022)[2] |
Sterling Bank of Asia (SBA) (Hokkien [3]) is a savings bank in the Philippines principally owned by the JTKC Group of Companies, Surewell Equities, and Star Equities engaged in diverse industries ranging from logistics to finance, real estate, manufacturing, hotel and resort properties. It was established on 30 March 2007 in response to the Philippine government's mandate to create specialized financial institutions that would support the development and growth of the small and medium enterprise sector.[4]
, it was the sixth largest thrift bank in the Philippines in terms of total assets.[5] It had forty eight branches all throughout the country.[6] [7] It started to operate with seven branches in 2007 prior to its acquisition of Centennial Savings Bank in 2009.