Archive for the ‘National Capital Region’ Category
16
May
Monte de Piedad Building
Monte de Piedad Building in Sta. Cruz
One of the older buildings in the Sta. Cruz area is the quite inconspicuous building of Monte de Piedad. It is just beside the Filipino Chinese Friendship arch at the end of Ongpin Street in Sta. Cruz district. Monte de Piedad is considered as the Philippines first savings bank having been established in 1882. The bank was established to cater to the financial needs of the poor. What’s more, the Catholic Church of the Philippines had strong ties to this bank, in fact the chairman of the board is usually the Archbishop of Manila.
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