Wealth Development Bank
in the Philippines 🇵🇭
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About Wealth Development Bank in the Philippines
Wealth Development Bank (commonly known as WealthBank) is a thrift bank headquartered in Cebu City, Philippines. As of September 2025, it ranks 15th among Philippine thrift banks with total assets of ₱11.14 billion. The bank is unique as the first and only thrift bank in the Philippines to become a subsidiary of a multinational bank, with Woori Bank of South Korea holding a 51% stake and VICSAL Development Corporation retaining 49% ownership.
WealthBank serves individual and business customers with a focus on mass-market financial products, salary loans for government teachers, housing and auto loans, SME financing, and remittance services. The bank operates 24 branches throughout the Philippines.
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