Top 10 banks in the Philippines
April 22, 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.
Top Ten Commercial Banks in the Philippines
As of December 31, 2008
In terms of ASSETS
- Banco de Oro (BDO) – Php 808.0 billion
- Metrobank - Php 758.5 billion
- Bank of the Philippine Islands (BPI) – Php 658.4 billion
- Landbank of the Philippines (LBP) – Php 434.0 billion
- Development Bank of the Philippines (DBP) – Pho 290.9 billion
- Philippine National Bank (PNB) – Php 276.8 billion
- Rizal Commercial Banking Corp. (RCBC) – Php 270.2 billion
- Unionbank of the Philippines (UBP) – Php 208.2 billion
- Chinabank – Php 207.3 billion
- Citibank – Php 187.8 billion
In terms of DEPOSITS
- BDO - Php 634.3 billion
- Metrobank - Php 585.8 billion
- BPI - Php 541.2 billion
- Landbank - Php 333.6 billion
- PNB - Php 201.2 billion
- RCBC - Php 196.4 billion
- Chinabank - Php 173.9 billion
- Unionbank - Php 162.0 billion
- Allied Bank – Php 139.8 billion
- Citibank - Php 121.6 billion
Figures taken from published financial statements of each bank.






January 7th, 2010 at %I:%M %p
BPI is the best for me.
friendly and fast tellers in all branches.
i’ve tried to open an account in BDO but i left because it’s taking forever to call my number.
January 19th, 2010 at %I:%M %p
Kelan po ito ngyari sa inyo? balak ko po kc sna mag shift ng bank… BDO ba ok?
January 20th, 2010 at %I:%M %p
Hi Dennis,
I just want to ask…
Anong advantages meron sa BDO na wala sa BPI?
I’m planning kc to open an account sa BDO?
And how about their process and services? is it ok?
January 22nd, 2010 at %I:%M %p
bdo kase is makikita mo maraming branch
i think ha kase bdo ako and i never try pa mag open ng bpi
but i hate metro kase ka da trasaction need to pat 210 peso
January 28th, 2010 at %I:%M %p
maika,
when did it happen to you? why 210?
February 5th, 2010 at %I:%M %p
bpi kc walang charges na hinihingi.. khit san sulok ng bansa inter branch deposit at w/drwal wala pong charge…bank anywhere kc cLa…
February 8th, 2010 at %I:%M %p
Convenient para sakin and BDO dahil my mga branch sa SM .. same din sa BPI .. yung maganda sa BPI, walang service charge sa interbranch na deposit ..
Pero pinakagusto kung bank talaga is yung Isla Bank .. hehe .. :) .. dito kasi sa iloilo, hindi hassle pag nagdedeposit ..kahit sabihin natin na thrift bank lang cya, kampante pa rin naman ako kasi matagal na rin sila sa banking industry .. :)