Largest Banks in the Philippines (2009)

August 12, 2010

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

Last year, we posted a list of the Top 10 Banks in the Philippines, based on total assets and deposits at year-end 2008. We now bring you the list of the Largest Banks in the Philippines, in terms of assets, deposits, and net income, as of year-end 2009.

The list only includes banks headquartered in the Philippines, meaning other banks based in another country but with local operations are not analyzed. Also, since the basis of the financial figures are the financial statements submitted to the Philippine Stock Exchange (PSE), only publicly-listed banks are mentioned. Government- and privately-owned banks whose financial statements are not available to the public are excluded in the list.

Table: Largest Banks in the Philippines (2009)
in Philippine Peso

Bank	Total Assets	Total Deposits	Net Income
Banco de Oro (BDO) Unibank	862,049,000,000	694,678,000,000	6,101,000,000
Metrobank	854,306,957,000	615,700,389,000	6,794,787,000
Bank of the Philippine Islands (BPI)	724,420,000,000	579,471,000,000	8,665,000,000
Rizal Commercial Banking Corp (RCBC)	288,515,577,000	220,277,894,000	3,328,382,000
Philippine National Bank (PNB)	283,299,906,000	214,316,861,000	2,200,153,000
UnionBank of the Philippines (UBP)	244,361,318,000	194,508,377,000	4,325,003,000
China Banking Corp. - ChinaBank (CHIB)	234,035,615,754	193,290,039,246	4,102,629,321
Security Bank (SECB)	146,250,475,000	108,524,971,000	3,061,923,000
Philippine Savings Bank - PSBank (PSB)	93,087,829,641	77,390,211,286	1,240,014,416
Philippine Trust Company - PhilTrust Bank (PTC)	85,696,489,000	73,912,684,000	1,260,947,000
Philippine Bank of Communications - PBCom (PBC)	43,702,179,170	28,562,575,272	102,192,994
ChinaTrust Bank (CHTR)	24,107,654,258	16,968,158,270	332,856,561
AsiaTrust Development Bank (ASIA)	10,552,736,005	8,811,639,364	(51,749,310)
Citystate Savings Bank (CSB)	2,502,711,143	1,676,492,616	8,437,544

Banco de Oro (BDO) remains as the country’s largest bank in terms of Total Assets (P862.049 billion) and Total Deposits (P694.678 billion). It is trailed by (2) Metrobank; (3) BPI; (4) RCBC; and (5) PNB.

In terms of Net Income, however, the Bank of the Philippine Islands (BPI) leads the pack with an P8.6 billion net income for the year 2009. It is trailed by (2) Metrobank; (3) BDO; (4) Unionbank; and (5) Chinabank.

The top 10 local banks in terms of Assets, Deposits and Net Income are shown below.

Top 10 Philippine Banks, in terms of Total Assets (2009)

Banco de Oro (BDO) Unibank – P862.049 billion
Metrobank (MBT) – P854.307 billion
Bank of the Philippine Islands (BPI) – P724.420 billion
Rizal Commercial Banking Corp (RCBC) – P288.516 billion
Philippine National Bank (PNB) – P283.300 billion
UnionBank of the Philippines (UBP) – P244.361 billion
China Banking Corp. – ChinaBank (CHIB) – P234.036 billion
Security Bank (SECB) – P146.250 billion
Philippine Savings Bank – PSBank (PSB) – P93.088 billion
Philippine Trust Company – PhilTrust Bank (PTC) – P85.696 billion

Top 10 Philippine Banks, in terms of Total Deposits (2009)

Banco de Oro (BDO) Unibank – P694.678 billion
Metrobank (MBT) – P615.700 billion
Bank of the Philippine Islands (BPI) – P579.471 billion
Rizal Commercial Banking Corp (RCBC) – P220.278 billion
Philippine National Bank (PNB) – P214.317 billion
UnionBank of the Philippines (UBP) – P194.508 billion
China Banking Corp. – ChinaBank (CHIB) – P193.290 billion
Security Bank (SECB) – P108.525 billion
Philippine Savings Bank – PSBank (PSB) – P77.390 billion
Philippine Trust Company – PhilTrust Bank (PTC) – P73.913 billion

Top 10 Philippine Banks, in terms of Net Income (2009)

Bank of the Philippine Islands (BPI) – P8.665 billion
Metrobank (MBT) – P6.795 billion
Banco de Oro (BDO) Unibank – P6.101 billion
UnionBank of the Philippines (UBP) – P4.325 billion
China Banking Corp. – ChinaBank (CHIB) – P4.103 billion
Rizal Commercial Banking Corp (RCBC) – P3.328 billion
Security Bank (SECB) – P3.062 billion
Philippine National Bank (PNB) – P2.200 billion
Philippine Trust Company – PhilTrust Bank (PTC) – P1.261 billion
Philippine Savings Bank – PSBank (PSB) – P1.240 billion

Sources: Financial Statements submitted to the PSE

515,577,000

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Written by James | PinoyMoneyTalk.com · Filed Under Banking and Insurance

Join the discussion! Post a comment below

http://www.kmendoza.net/ Kenneth

Nothing so surprising with BDO being the top bank this time. :-D
.-= Kenneth´s latest blog ..A 301 Redirect =-.
http://www.harrypottersagamovies.com HarryPotterSagaMovies

BDO is big because it backed by the SM group of companies but I admire Metrobank more. Its a classic example of strength brought about by good mgt and years of experience. This is what you call solid as an oak tree!
http://www.millionaireacts.com Millionaire Acts

BPI is my favorite here. Good to know they have the largest total net income. :)
.-= Millionaire Acts´s latest blog ..Debit Cards vs Credit Cards- Similarities and Differences =-.
etheljane

YOU’RE IN GOOD HANDS IN METROBANK. =)
jas 11

I am starting to like the services of RCBC and am glad they rose to number 4. Their tellers and customer service are very friendly and patient. I have savings, checking and Bankard (RCBC Credit Card brand) with them. Unlike some banks who have the habit of looking down on people who earn less than 50K php above monthly, RCBC is very welcoming and warm.
Genoveva Lerner

You have a fantastic style of writing. I pray the incoming comments and thoughts are constructive as yours.
jeyo

BDO is good for me but Excellent po ang BPI sa akin….nice tellers ang BPI.Nice location.very responsive towards clients…BPI has a lot of partner like philam life,ayala group of companies,globe,jollibee etc. hustle free pa kasi sa computer nalang ako mag bayad nang bills ko.mag transfer ng funds ko.mag inquire ng balance pwede sa internet.at ito pa ang nakakabilib sa BPI…walamg bayad lahat ng transaction nila,mag deposit mag withdraw at SBA payments kahit saan pang branches.naku talagang walang bayad.subukan mo kaya sa BDO, metrobank at ibang bangko mag deposit tapos ang account mo ay nasa ibang branch naku tumatagingting na 50 to 100 ang charges nila.good thing of BPI which other bank cannot surpass
- Jesusa_ignacio2000
  
  anong 50 ! 100 pesos nga yong charge nila nung nag w.draw ako, dhil sa branch dw ako nag w.draw.kung ok ang BPI dun nlang ako mag open ulit ng account.
shiena

For me BPI.the strongest and stable bank.kasi the oldest and the first bank in the philippine history never sila natinag throughout many crisis.ok lang kahit top 3 lang sa largest bank.kasi top 1 naman sa income.Para sa akin income naman talaga binabasihan sa negosyo diba.?
- http://www.facebook.com/markjosephfernandez Mark Joseph T. Fernandez
  
  For me total debt to total asset ratio is still the best. Ano naman kung malaki ang assets nila pero halos utang naman? Ok din net income.
- Cash Combo
  
  plus the fact na mas ok customer service and online banking nila unlike BDO.
craft

naalala nyo paba? kung anong bangko yung nadalit sa controversy ng Jose Pidal accounts.kasi ibinuyang yang nila ang secrecy ng depositor’s account which is confidential po yan.ano pang bangko yun?
- surveyor
  
  equitable pci yata?
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