Originally posted by admin@Dec 26 2005, 09:55 AM
I'd feel safer putting my money in Bearings than the Philippine National Bank
Most Philippines banks are run with the same forethought and integrity that the average Jeepney driver applies to his trade.

I once tried to open an account for myself, to save money long term, in a bank in Alabang. The girl setting it up for me spent a good half hour explaining everything about the account, the interest, minimum start amount, fees, on and on for 30 minutes. So, I told her that sounds good, where do I sign. "Oh no sir, you have to be a Filipino citizen to open that account". Duur, what did I miss here????

Tried to open one in Angeles city, girl assured me the interest was 7% per month. That sounds great, says I, tell me more about this 7% per month account. Interest is paid every month, back into the account blah blah.

Papers were filled in, details were given, account is ready to roll. I asked for some printed bumf for the account so I had some sort of proof of the details. Hmm, leaflet tells me 7% PER ANNUM. :huh:

"Aie", she cried, laughing into her hands, "I thought it was per month". She thought the whole thing was a real laugh. Yacked across to the other tellers in tagollywog what she'd done and they all thought it was hilarious too

The country is a financial basket case........ and they don't know why?????? :o :blink: From the latest pres to the lowliest trike driver, they have about as much integrity as Imelda Marcos, and they're proud of it.