Top 10 banks in the Philippines

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Update: Largest Banks in the Philippines (2009)

Banco de Oro (BDO) is now the largest bank in the Philippines, in terms of both assets and total deposits.

This is according to a report of comparative sizes of Philippine banks which I got from my bank.

Until 2007, Metrobank was the largest bank. As of December 31, 2008, however, Banco de Oro has overtaken Metrobank and has grabbed the title since.

BDO’s rise to the top is primarily due to its merger with another big bank, Equitable-PCI Bank, in 2006. Clients are also flocking to BDO because of its longer banking hours and presence in most SM malls.

In 2008, Metrobank slid to #2 in terms of both assets and deposits. Trailing Banco de Oro and Metrobank is Bank of the Philippine Islands (BPI).

Here is the list of the biggest banks in the Philippines in terms of assets and deposits. Figures from the report were taken from the published financial statements of the banks concerned.

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Top Ten Commercial Banks in the Philippines
As of December 31, 2008

In terms of ASSETS

  1. Banco de Oro (BDO) – Php 808.0 billion
  2. Metrobank – Php 758.5 billion
  3. Bank of the Philippine Islands (BPI) – Php 658.4 billion
  4. Landbank of the Philippines (LBP) – Php 434.0 billion
  5. Development Bank of the Philippines (DBP) – Pho 290.9 billion
  6. Philippine National Bank (PNB) – Php 276.8 billion
  7. Rizal Commercial Banking Corp. (RCBC) – Php 270.2 billion
  8. Unionbank of the Philippines (UBP) – Php 208.2 billion
  9. Chinabank – Php 207.3 billion
  10. Citibank – Php 187.8 billion

In terms of DEPOSITS

  1. BDO – Php 634.3 billion
  2. Metrobank – Php 585.8 billion
  3. BPI – Php 541.2 billion
  4. Landbank – Php 333.6 billion
  5. PNB – Php 201.2 billion
  6. RCBC – Php 196.4 billion
  7. Chinabank – Php 173.9 billion
  8. Unionbank – Php 162.0 billion
  9. Allied Bank – Php 139.8 billion
  10. Citibank – Php 121.6 billion

Figures taken from published financial statements of each bank.

Update: Largest Banks in the Philippines (2009)

  • uknown

    bdo iba iba ang trato sa client pag d nila depositor pangit pag treat pag depsoitor ok k pag un n branch k depositor iwan n lang pag malaki k depositor maganda treat pag di pangit pero d namn lahat ng employee din GSUA GBUA

  • Marjory Gaver

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  • neil bernardino

    mag metronank nalang kayo mas ok pa dahil mas ok ang mga teller nila di tulad ng bdo na ang susuplada nila at di tulad sa metrobank na maayos at ok makipag usap sa mga client ang mga empleyado ng metrobank at higit sa lahat top 6 na pinaka mayaman ang may ari ng metrobank walang iba kundi c george ty akalain nyo banking lang ang buisness nya pero pumasok sa top

  • Mark

    BDO……saksakan ng kupad ang serbisyo…….ang susungit pa ng mga teller……..nagdeposit ako ng coin cents….bubulong bulong yung teller………parang walang breeding………..bastos……

  • Michael

    Gsto ko sana mg open ng bank account. Kaso small time lng ako. . Above mininum lng sahod q.. help me nmn kung saan magandang bank.. yung aasikasuhin ang katulad kong small time.. salamat.. respect.

  • Shailesh