Cathay United Bank Co., Ltd. obtained approval from the Bangko Sentral ng Pilipinas (Philippine Central Bank) on September 24, 2015, to establish a full-service commercial branch, after being in the Philippines as a Representative Office for 18 years (since 1997). On October 2, 2015, Cathay United Bank Co., Ltd Manila Branch opened in the business district of Makati City, Metro Manila. Cathay United Bank Co., Ltd. Manila Branch was the first Taiwanese bank and the third foreign bank to join the Philippine banking industry following the promulgation of Republic Act (RA) 10641 in 2014, which allows...