SEC. 5. The following terms shall be held to be synonymous and interchangeable:
(a) "Commercial bank" and "Commercial banking corporation";
(b) "Savings Banks," "mortgage bank," and "savings and mortgage bank";
(c) "Building and loan association" and "mutual building and loan association";
(d) "Trust company" and "trust corporation"; and
(e) "Foreign bank" and "foreign banking corporation."
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationRA 337 Section 5 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).