Top 10 banks in the Philippines
April 22, 2009
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.
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.
Update: Largest Banks in the Philippines (2009)
July 21st, 2010 at %I:%M %p
Ako gamit ko is BPI Family. Mura lang ksi magopen ng account 1000.
In terms of service, matino kausap ang BPI hindi sila ng bobola, kung hindi pede hindi pede.
200 php din yung min withdraw.
In terms of stability, I think BPI is one of the best, if not the best. Kasi sobrang tagal na niya na bank (from the Spanish period pa.) unlike other banks, gov’t handled pa siya noon and now the AYALAs. Ilang economic crisis na din yung pinagdaanan niya, and they still stand strong. And I ask my professors, even my DAD, who are accountants and economists and they told me that BPI is their top choice. BPI is very conservative, this is very true – mahigpit sila. But, you can feel secure knowing that the Bank that handles your money is BPI.
August 15th, 2010 at %I:%M %p
for me, matino kausap BPI yan first choice in terms of banking next Landbank and least choice ko BDO. super haba ng pila, mabagal transactions kahit na open sila ng weekend hindi parin ako satisfied sa service nila. Although my friends are working in other banks like PSbank, UCPB, PNB, Landbank, EastWest, Unionbank i prefer BPI. why i choose BPI, the service is fast and reliable the client is well served and well cared, the product sounds great, and the visibility is better.
August 15th, 2010 at %I:%M %p
experience BPI banking now!!!
August 15th, 2010 at %I:%M %p
I agree with jonas, makikita talaga stability ng bank through NET INCOME. atleast hindi napupunta sa wala pera mo. SUPER AGREE, WALA OTHER CHARGE BPI I can transact everywhere khit sa other branch located yung account ko. Astig!!!
August 25th, 2010 at %I:%M %p
Para sa akin ay maganda ang service ng PNB, Allied Bank at BPI. Ang lamang ng BDO sa kanilang lahat ay dahil convenient ang locations pero nakakadismaya ang service nila kasi nga pang-masa talaga ang target market nila. Maganda naman talaga ang BPI tsaka wag nating kalimutan ang ibang less commercialized (literally) banks like Bank of Commerce, PSB at May Bank.
Jonha @ Happiness´s latest blog ..It Can Only Get Better- Be Still Philippines
August 31st, 2010 at %I:%M %p
rcbc ang the best….period.