Asiatrust Development Bank, Inc. (ASIA) was incorporated on October 5, 1960 as a private development bank under the name of Quezon City Development Bank, through the support of the Development Bank of the Philippines. The company changed its corporate name to its present name in 1982 and became a publicly listed company on October 8, 1996. ASIA's major institutional shareholders include the Asian Development Bank (ADB) and Social Security System (SSS). ASIA is dedicated to the accelerated growth of Filipino entrepreneurs, facilitating smooth access to financing for eligible SMEs to meet their financing needs as well as support their business growth requirements. ASIA has also worked to expand its operations in accordance with the changing business environment as part of its efforts to become a financial institution capable of broadly meeting the diverse needs of SMEs. ASIA provides a comprehensive array of innovative and customized services such as deposits, cash management solutions, lines of credit, secured loans and commercial real estate loans, trust and investment services, government securities and foreign currency trading, remittance and credit card facilities to households and businesses. At present, ASIA operates through its head office in Quezon City and 28 branches throughout the major cities and neighboring provinces, namely, Cavite, Bulacan, Laguna and Isabela. Source: SEC Form 17-A (2008)