BANCO FILIPINO, The First Bank, and its iconic logo. |
BANCO FILIPINO was founded in 1964 in Plaza Sta.
Cruz by Tomas Aguirre, whose fortune was built on his successful pawnshop
business. The finance industry was
stunned by its phenomenal growth, and by 1966 was considered a major player in
the banking field.
BANCO FILIPINO....Bank Anytime! 1966 Ad |
By the 1970s, it had attracted over a million patrons, and in the 80s, had 89 branches nationwide. It parlayed its early success into a sprawling real property development project-- BANCO FILIPINO HOMES, or B.F. Homes, located in Las Pinas and Paranaque, the largest gated residential community in Asia.
B.F. HOMES, Print Ad. 1967 |
It touted itself as the FIRST BANK, as it indeed, it was the first bank to pay interest on savings deposit, and the first to pay interest in advance to those with time deposits. BANCO FILIPINO built its string financial base by accepting small peso deposits, including coin deposits from small entrepreneurs and unique products like Happy Savers Club promoted with children in mind.
ARAW-ARAW INTEREST NG INTEREST! 1965-66 Print Ads |
BANCO FILIPINO further strengthen its position of advantage through advertising.The campaign of BANCO FILIPINO was also first in the industry, in that it used consumer language in Pilipino as early as 1968—“interest last month, interest this month, interest next month, interest araw-araw!”.
WATCH BANCO FILIPINO'S 'Interes ng Interes' TVC HERE:
The campaign is attributed to Ace-Compton, and the
slogan to copywriter Frankie Lacambra (he also created the Bank of Asia “Madaling
lapitan” campaign), which was used
for many years in the bank’s TV and print ads.
4 As Philippines, youtube channel
De la Torre, Visitacion. Advertising in the Philippines :
its historical, cultural, and social dimensions,Tower Book House, 1989
1964-1971, Special Supplements, Banking Institution,
Sunday Times Magazine.