Phil Star Development Bank
in the Philippines 🇵🇭
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About Phil Star Development Bank in the Philippines
Phil Star Development Bank, Inc. is a development bank based in Batangas City, Philippines. The bank is a subsidiary of Philippine Regional Investment Development Corporation (PRIDE), which is wholly-owned by AbaCore Holdings Corporation, a publicly-traded company with interests in financial services, real estate, and gaming technology.
In 2021, Phil Star Development Bank entered into advanced negotiations with fintech startup SquidPay Technology Inc. for the acquisition of a 60% stake by SquidPay, with plans to increase capitalization and apply for a digital banking license from the Bangko Sentral ng Pilipinas (BSP).
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