List of banks in the Philippines

The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. As of 17 October 2017,[1] there were 36 universal and commercial banks, 57 savings banka, 492 rural banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000.

On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the Armed Forces of the Philippines Savings and Loans Association, Inc. (AFSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines.

List

Universal and commercial banks

  1. BDO Unibank (BDO; largest bank in the Philippines in terms of assets; 243rd largest bank globally)
  2. Metropolitan Bank and Trust Company (Metrobank)
  3. Bank of the Philippine Islands (BPI; oldest bank in Southeast Asia)
  4. Land Bank of the Philippines (Landbank; LBP, main government bank)
  5. Philippine National Bank (PNB)
  6. Security Bank Corporation (Security Bank)
  7. China Banking Corporation (Chinabank)
  8. Development Bank of the Philippines (DBP, secondary government bank)
  9. Union Bank of the Philippines (Unionbank)
  10. Rizal Commercial Banking Corporation (RCBC)
  11. United Coconut Planters Bank (UCPB)
  12. East West Banking Corporation (EastWest Bank)
  13. Citibank Philippines
  14. Asia United Bank Corporation (AUB)
  15. The Hongkong and Shanghai Banking Corporation (HSBC)
  16. Philippine Trust Company (Philtrust Bank)
  17. Bank of Commerce (a subsidiary of San Miguel Corporation)
  18. Maybank Philippines, Inc.
  19. Robinsons Bank Corporation
  20. Philippine Bank of Communications (PBCom)
  21. Mizuho Bank, Ltd. Manila Branch
  22. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  23. BDO Private Bank (subsidiary of BDO Unibank)
  24. Standard Chartered Bank Philippines
  25. Deutsche Bank
  26. Philippine Veterans Bank (Veterans Bank; PVB)
  27. CTBC Bank (Chinatrust)
  28. JPMorgan Chase & Co. (JPMorgan Chase)
  29. Australia and New Zealand Banking Group (ANZ)
  30. Sumitomo Mitsui Banking Corporation Manila Branch
  31. ING Group N.V.
  32. Bank of America, N.A.
  33. Bank of China - Manila Branch
  34. Mega International Commercial Bank Co. LTD
  35. KEB Hana Bank - Manila Branch
  36. Bangkok Bank Co. Ltd.
  37. Industrial Bank of Korea Manila Branch
  38. United Overseas Bank Limited Manila Branch
  39. Cathay United Bank Co. Ltd. - Manila Branch
  40. Shinhan Bank - Manila Branch
  41. Hua Nan Commercial Bank Ltd. Manila
  42. First Commercial Bank Manila Branch
  43. Al-Amanah Islamic Investment Bank of the Philippines
  • The forty-three banks listed above are those with the biggest assets in the Philippine banking industry, listed at the BSP website as of December 31, 2017. The largest of these is BDO Unibank and the smallest is Al-Amanah Islamic Bank.

Source: Bangko Sentral ng Pilipinas[2]

Savings banks

  1. BPI Family Savings Bank (a subsidiary of BPI)
  2. Philippine Savings Bank (PS Bank; a subsidiary of Metrobank)
  3. RCBC Savings Bank (a subsidiary of RCBC)
  4. China Bank Savings (a subsidiary of Chinabank)
  5. Philippine Business Bank
  6. CitySavings Bank (a subsidiary of Unionbank)
  7. PNB Savings Bank (a subsidiary of PNB)
  8. Sterling Bank of Asia
  9. Bank of Makati
  10. UCPB Savings Bank (a subsidiary of UCPB)
  11. First Consolidated Bank, Inc.
  12. HSBC Savings Bank Philippines Inc.
  13. BPI Direct BanKo, Inc. (a subsidiary of BPI)
  14. Producers Savings Bank Corporation (Producers Bank)
  15. Philippine Resources Savings Banking Corporation (PR Savings Bank; acquired by CitySavings Bank)
  16. Overseas Filipino Bank (acquired by Landbank; government bank)
  17. Equicom Savings Bank (Equicom)
  18. Wealth Development Bank Corporation
  19. Malayan Savings Bank
  20. 1st Valley Bank, Inc. (a development bank)
  21. Luzon Development Bank
  22. CARD SME Bank, Inc. (a thrift bank)
  23. Citystate Savings Bank
  24. Bangko Kabayan (a private development bank)
  25. Pen Bank, Inc. (formerly Peninsula RB, Inc.)
  26. Yuanta Savings Bank Philippines, Inc.
  27. AllBank, Inc.
  28. Legazpi Savings Bank
  29. Enterprise Bank, Inc
  30. Queen City Development Bank
  31. Century Savings Bank Corporation
  32. Bank One Savings and Trust Corporation
  33. Dumaguete City Development Bank, Inc.
  34. Merchants Savings and Loan Association, Inc.
  35. Hiyas Banking Corporation
  36. Isla Bank (a thrift bank)
  37. Sun Savings Bank, Inc.
  38. University Savings Bank
  39. Village Bank, Inc.
  40. NorthPoint Development Bank, Inc.
  41. Farmers Savings and Loan Bank, Inc.
  42. Pampanga Development Bank
  43. Cordillera Savings Bank, Inc.
  44. Bataan Development Bank
  45. Business and Consumers Bank
  46. Inter-Asia Development Bank
  47. Life Savings Bank, Inc.
  48. Metro Cebu Public Savings Bank
  49. Bataan Savings and Loan Bank
  50. Pacific Ace Savings Bank, Inc.
  51. Lemery Savings and Loan Bank, Inc.
  52. Maritime Savings Bank Corporation
  53. Philippine Star Development Bank, Inc.
  54. Malasiqui Progressive SLB, Inc.
  55. Quezon Coconut Bank, Inc. (a thrift bank)

The banks listed above are those with the biggest assets in the Philippine Banking Industry as of September 30, 2017.[3]

Rural and cooperative banks

  1. One Network Bank, Inc. (a subsidiary of BDO Unibank)
  2. EastWest Rural Bank, Inc. (a subsidiary of EastWest Bank)
  3. CARD Bank, Inc. (a MF RB)
  4. Guagua Rural Bank, Inc.
  5. First Isabela Cooperative Bank (FICO Bank)
  6. GM Bank of Luzon, Inc. (a rural bank)
  7. Quezon Capital Rural Bank, Inc.
  8. Metro South Cooperative Bank
  9. BOF, Inc. (a rural bank)
  10. AMA Rural Bank of Mandaluyong, Inc.
  11. Rang-ay Bank, Inc. (a rural bank)
  12. Katipunan Bank, Inc. (a rural bank)
  13. Cantilan Bank, Inc. (a rural bank)
  14. Dumaguete Rural Bank Inc. (DRBI)
  15. Rizal Bank (a MF RB)
  16. Banco Dipolog (a rural bank; subsidiary of the Philippine Bank of Communications)
  17. Country Builders Bank, Inc. (a rural bank)
  18. Summit Bank (rural bank of Tublay, Inc.)
  19. Rural Bank of Angeles, Inc. (A subsidiary of Asia United Bank Corporation)
  20. Banco Mabuhay (a rural bank)
  21. Marayo Bank, Inc. (a rural bank)
  22. Cooperative Bank of Cotabato
  23. Insular Savers Bank, Inc. (a rural bank)
  24. Rural Bank of Cauayan, Inc.
  25. New Rural Bank of San Leonardo (N.E.) Inc.
  26. Rural Bank of Pandi (Bulacan) Inc.
  27. People’s Rural Bank (Gen. Santos City) Inc.
  28. MVSM Bank (a rural bank since 1953) Inc.
  29. Camalig Bank, Inc. (a rural bank)
  30. Consolidated Cooperative Bank
  31. Rural Bank of Barili (Cebu) Inc.
  32. Imus Rural Bank, Inc.
  33. Bankways, Inc. (a rural bank)
  34. ASPAC Rural Bank, Inc.
  35. PlanBank (Rural Bank of Canlubang Planters, Inc.)
  36. Rural Bank of Central Pangasinan (Bayambang) Inc.
  37. Rural Bank of Digos, Inc.
  38. Rural Bank of Magdalena (Laguna) Inc.
  39. Mount Makiling Rural Bank, Inc.
  40. First Tagum Rural Bank, Inc.
  41. Valiant Bank, Inc. (a rural bank)
  42. Gateway Rural Bank, Inc.
  43. LifeBank (a rural bank)
  44. Malarayat Rural Bank, Inc.
  45. Rural Bank of San Mateo (Isabela) Inc.
  46. Mallig Plains Rural Bank (ISA) Inc.
  47. Highland Rural Bank, Inc.
  48. Cooperative Bank of Quezon Province
  49. Mactan Rural Bank (Lapu-Lapu City) Inc.
  50. Rural Bank of Bambang (Nueva Vizcaya) Inc.
  51. Ilocos Sur Cooperative Bank
  52. Rural Bank of Pola (Oriental Mindoro)
  53. Cooperative Bank of Ilocos Norte
  54. RBT Bank, Inc. (a rural bank)
  55. Rural Bank of Rizal (Zamboanga del Norte) Inc.
  56. Rural Bank of Gattaran (Cagayan) Inc.
  57. Laguna Prestige Banking Corporation (a rural bank)
  58. Rural Bank of Maria Aurora (Aurora) Inc.
  59. Rural Bank of Itogon (Benguet) Inc.
  60. Rural Bank of Pilar (Bataan) Inc.
  61. BHF Rural Bank, Inc.
  62. Network Consolidated Cooperative Bank
  63. Rural Bank of Sta. Ignacia, Inc.
  64. Entrepreneur Rural Bank, Inc.
  65. Rural Bank of Rosario (La Union) Inc.
  66. Saviour Rural Bank, Inc.
  67. Rural Bank of Tangub City (Misamis Occidental) Inc.
  68. Rural Bank of General Trias, Inc.
  69. D' Asian Hills Bank, Inc. (a rural bank)
  70. Community Rural Bank of Catmon (Cebu) Inc.
  71. Aliaga Farmers Rural Bank, Inc.
  72. Rural Bank of San Antonio, Inc.
  73. Rural Bank of Dumangas, Inc.
  74. Rural Bank of Bayombong, Inc.
  75. Rural Bank of San Pascual (Obando, Bulacan) Inc.
  76. Cooperative Bank of Nueva Vizcaya
  77. Rural Bank of Bagabag (N.V.) Inc.
  78. Rural Bank of Solano (Nueva Vizcaya) Inc.
  79. Sugbuanon Rural Bank, Inc.
  80. Rural Bank of Montalban, Inc.
  81. RBG Imperial Bank, Inc. (a rural bank)
  82. Banco Laguna, Inc. (a rural bank since 1965)
  83. Rural Bank of Dolores (Quezon) Inc.
  84. Cebuana Lhuillier Rural Bank, Inc.
  85. Rural Bank of Lebak (Sultan Kudarat) Inc.
  86. Rural Bank of Cardona (Rizal) Inc.
  87. Innovative Bank, Inc. (a rural bank)
  88. Common Wealth Rural Bank, Inc.
  89. Cooperative Bank of Bohol
  90. Liberty Bank (a rural bank)
  91. Sta. Maria Rural Bank, Inc.
  92. Rural Bank of Guinobatan, Inc.
  93. Balanga Rural Bank, Inc.
  94. Rural Bank of Maragondon, Inc.
  95. Rural Bank of Jaen, Inc.
  96. Rural Bank of Paracale (Camarines Norte) Inc.
  97. Community Rural Bank of Dapitan City, Inc.
  98. Cavite United Rural Bank Corporation (A subsidiary of Asia United Bank Corporation)
  99. Rural Bank of Mangaldan
  100. Rural Bank of Mabalacat, Inc.
  101. Opportunity Kauswagan Inc. (a microfinance rural bank)
  102. First Agro-Industrial Rural Bank, Inc. / FAIRBANK Inc.

The rural and cooperative banks listed above are the updated list from the Bangko Sentral ng Pilipinas as of September 2017.[4]

Defunct or merged banks

  • Acme Savings Bank (acquired by the Sy Group of Companies and renamed Banco De Oro)
  • Bank of Cebu
  • International Exchange Bank (acquired by Union Bank of the Philippines)
  • Insular Bank of Asia and America (merged with Philippine Commercial International Bank)
  • Mindanao Development Bank (merged with Equitable PCI Bank)
  • Ecology Bank (merged with Equitable PCI Bank)
  • Family Savings Bank (acquired by BPI; renamed to BPI Family Savings Bank)
  • AIG Philam Savings Bank (merged with East West Banking Corporation)
  • Keppel Bank (acquired by GE Capital Finance)
  • Equitable PCI Bank (merged with PCI Bank forming it and now merged with Banco de Oro)
  • Philippine Commercial International Bank (merged with Equitable PCI Bank and now merged with Banco De Oro)
  • Urban Bank (forced to close then merged with Export and Industry Bank)
  • Allied Bank (merged with Philippine National Bank)
  • Capitol Development Bank (acquired by RCBC and became RCBC Savings Bank)
  • Banco Filipino
  • Export and Industry Bank
  • American Express Bank (renamed BDO Elite Savings Bank)
  • Banco Santander Central Hispano (Philippine subsidiary acquired by Banco De Oro and renamed BDO Private Bank)
  • Dao Heng Bank (acquired by Banco de Oro)
  • 1st E Bank (Philippine Branches acquired by Banco de Oro)
  • United Overseas Bank (66 out of 67 Branches merged with Banco de Oro)
  • GE Money Bank (acquired by Banco de Oro)
  • Green Bank of CARAGA (acquired by EastWest Banking Corporation alongside FinMan Rural Bank, Inc. in 2013 and became EastWest Rural Bank, Inc.)
  • Orient Commercial Banking Corporation (forced to close; Allied Bank took over 52 branches)
  • Standard Chartered Bank Philippines (Philippine retail banking business was acquired by East West Banking Corporation in 2016)
  • Philippine Resources Savings Bank (PR Savings Bank; acquired by CitySavings Bank in 2018)
  • Philippine Postal Savings Bank (PostBank; acquired by Landbank in 2018 and became Overseas Filipino Bank)
  • Planters Development Bank (mereged with Chinabank)

Largest banks

Legend
  • Increase = increase
  • Steady = steady
  • Decrease = decrease

Universal and commercial banks

Rank Universal and commercial banks March 31, 2018 December 31, 2017
Assets

(millions of PHP)

Assets

Change

 Rank

Change

 Assets

(millions of PHP)

1Banco de Oro2,665,307.23 Increase 5.2% Steady 2,533,295.86
2Metrobank1,705,575.78 Decrease 0.3% Steady 1,709,895.23
3BPI1,649,267.36 Increase 0.8% Steady 1,636,388.14
4Land Bank1,633,082.18 Increase 1.1% Steady 1,615,001.42
5PNB788,835.37 Increase 1.2% Steady 779,794.70
6Security Bank703,319.61 Decrease 6.9% Steady 755,769.44
7Chinabank637,450.79 Decrease 4.3% Steady 665,934.50
8DBP617,949.77 Increase 3.5% Steady 597,052.81
9Unionbank547,357.25 Decrease 1.6% Steady 556,082.25
10RCBC475,765.14 Increase 7.3% Steady 443,325.68

Source: Bangko Sentral ng Pilipinas[5]

Thrift banks

RankBankMarch 31, 2018 December 31, 2017
Assets

(millions of PHP)

 Assets

Change

 Rank

Change

 Assets

(millions of PHP)

1BPI Family Savings Bank263,184.19 Decrease 1.3% Steady 266,571.15
2Philippine Savings Bank223,409.11 Increase 0.6% Steady 221,984.57
3RCBC Savings Bank117,729.02 Decrease 0.1% Steady 117,827.29
4Philippine Business Bank88,524.17 Increase 1.3% Increase 1 87,390.51
5China Bank Savings88,402.42 Increase 0.0% Decrease 1 88,383.75
6City Savings Bank75,368.17 Decrease 2.7% Steady 77,478.38
7PNB Savings Bank54,068.34 Increase 5.3% Steady 51,356.26
8Sterling Bank of Asia37,273.56 Decrease 6.1% Steady 39,709.96
9Bank of Makati31,341.61 Increase 3.1% Steady 30,400.95
10UCPB Savings Bank18,738.27 Increase 1.4% Steady 18,479.38

Rural and cooperative banks

RankRural and cooperative banksMarch 31, 2018 December 31, 2017
Assets

(millions of PHP)

 Assets

Change

 Rank

Change

 Assets

(millions of PHP)

1One Network Bank27,219.54 Decrease 3.3% Steady 28,147.16
2EastWest Rural Bank20,109.68 Decrease 6.9% Steady 21,604.82
3CARD Bank, Inc.12,855.10 Increase 14.6% Steady 11,219.51
4Guagua Rural Bank4,697.06 Increase 4.4% Steady 4,498.17
5FICO Bank4,089.55 Decrease 0.6% Steady 4,113.36
6GM Bank of Luzon3,693.43 Increase 7.2% Steady 3,445.57
7BOF Inc.3,202.70 Increase 2.1% Increase 2 3,137.34
8Metro South Cooperative Bank3,095.62 Decrease 11.0% Decrease 1 3,479.49
9Country Builders Bank2,816.66 Increase 36.5% Increase 2,063.55
10Rang-Ay Bank2,802.05 Increase 10.5% Increase 2,536.65

Source: Bangko Sentral ng Pilipinas[6]

References

  1. ↑ Chipongian, Lee (12 February 2014). "Total bank resources grow 24% to P10.423 trillion in 2013 – BSP | Manila Bulletin | Latest Breaking News | News Philippines". Manila Bulletin. Retrieved 14 April 2014.
  2. ↑ "Thrift Banks in the Philippines". Bangko Sentral ng Pilipinas. Retrieved August 10, 2017.
  3. ↑ "Top Thrift Banks in the Philippines, by Assets, September 2016". BSP.gov.ph. August 18, 2017.
  4. ↑ "List of Philippine Rural and Cooperative Banks in Terms of Assets". BSP. August 2017.
  5. ↑ http://www.bsp.gov.ph/banking/psoc/by_ranks/assets.htm
  6. ↑ "Rural and Cooperative Banks in the Philippines". Bangko Sentral ng Pilipinas. Retrieved August 10, 2017.
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