The Philippine Retirement Authority (PRA) is a government owned and controlled corporation which was created on July 04, 1985, during the time of President Ferdinand E. Marcos. PRA is mandated to attract foreign nationals and former Filipino citizens to invest, reside, and retire in the Philippines with the end-view of accelerating the socio-economic development of the country, contributing to the foreign currency reserve of the economy.
PRA also aims to make the Philippines a globally competitive and preferred retirement destination in Asia by providing excellent and world class services centered towards customer-valued quality of life that is easy, pleasant and beneficial to foreign retirees and global Filipinos.
On May 24, 2017, PRA re-accredited Malayan Bank to be among its bank partners to service the investments of retirees. Malayan Bank was a partner of the PRA from year 2009 to year 2015. Malayan Bank is eager to renew its partnership with the organization and assist PRA in assisting foreign and local retirees as they build a comfortable, happy life in the Philippines.