One of the first banks in the Philippines and in Southeast Asia was El Banco Filipino de Isabel II, named after the Queen Isabella II of Spain, daughter of King Ferdinand VII. El Banco Filipino de Isabel II was founded in August 1, 1851, twenty-three years after the King of Spain, issued a decree in April 6, 1828 to establish a public bank in the Philippines. The royal decree also gave El Banco Filipino de Isabel II the power to print Philippine Money. The first batch of Philippine Peso bank notes was printed on May 1, 1852. El Banco Filipino de Isabel II was later renamed to El Banco Español-Filipino, after a revolt that overthrew Queen Isabella II in 1869.
June 12, 1896 (Independence Day), El Banco Español-Filipino 10 Peso Note.https://en.wikipedia.org/wiki/Bank_of_the_Philippine_Islands
In January 1, 1912, the bank was officially renamed into Bank of the Philippine Islands (BPI) or Banco de las Islas Filipinas in Spanish, following the cession of the Philippines to the United States.
Send money to the Philippines now and get your funds credited within as fast as 1-3 hours to our Remittance Partners.