page_title: Cotabato City
section_title: Commercial Retail and Banking Center
hierarchical_section_title: Cotabato City / Economy / Commercial Retail and Banking Center
caption_attribution_description: English: Central bank of the Philippines in Cotabato City Branch
context_page_description: Cotabato City, officially the City of Cotabato, is a 3rd class independent component city in the province of Maguindanao, Philippines, in the Bangsamoro region. According to the 2015 census, it has a population of 299,438, making it as the most populated city under the independent component city status.
  Cotabato City was formerly a part and the regional center of Region XII, but due to the ratification of the Bangsamoro Organic Law, it is now part of Bangsamoro and serves as the regional center. Being an independent component city, it's not a subject to regulation from the Provincial Government of Maguindanao where it is geographically located. The Philippine Statistics Authority also lists Cotabato City as statistically independent.
  Cotabato City is distinct from and should not be confused with the province of Cotabato.
context_section_description: Cotabato City has one of the Highest Bank Deposits in Mindanao with total of Php18,736,523,000.00 deposits as of June 30, 2017 with 150,406 bank accounts the city has 20 banks (Private and Government), due to high bank deposits and good economic dynamism. The Bangko Sentral ng Pilipinas built its Central Mindanao branch in the city.
  The city has local and national-based shopping centers. Local-based shopping centers like Superama, Sugni, Mall of Alnor, and Southseas Mall have been in competition with the national-based shopping centers like CityMall, Puregold, Robinsons Supermarket and Department Store, Centro Department Store, and SM Savemore. Cotabato City is one of the fastest growing economy in the Soccsksargen region.
  KCC Malls had started its full blown construction last July 1, 2020, it is located at a prime lot along Quezon Avenue corner Sinsuat Avenue, the project is estimated to cost 2 billion pesos, the mall is 4 storey with a total lot area of 11 hectares, on the second phase of construction is the completion of 11 storey hotel with convention center, probably upon completion this could be the tallest building in the region 12. NCCC Malls, a Davao-based mall corporation have also confirmed their interest to build their mall within the city.
caption: Bangko Sentral ng Pilipinas - Cotabato City Branch
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