These are the largest banks in the Philippines ranked by total assets as published by Bangko Sentral ng Pilipinas (BSP). [1] [2] [3]
| Rank | Bank name | Assets (millions of PHP) | Asset change | Rank change |
|---|---|---|---|---|
| 1 | Philippine Savings Bank (PSBank) | 263,376.95 |  |  |
| 2 | Philippine Business Bank, Inc. (PBB) | 136,292.65 | | |
| 3 | City Savings Bank, Inc. (CSB) | 130,306.59 | | |
| 4 | China Bank Savings, Inc. (CBS) | 124,918.50 | |  |
| 5 | Bank of Makati, Inc. (BMI) | 49,884.64 | | |
| 6 | Sterling Bank of Asia, Inc. | 40,316.55 | | |
| 7 | Producers Savings Bank Corporation (Producers Bank) | 32,617.10 | | |
| 8 | First Consolidated Bank, Inc. (FCB) | 24,143.29 | | |
| 9 | BPI Direct BanKo, Inc. (BanKo) | 22,419.25 | | |
| 10 | UCPB Savings Bank | 16,783.41 | | |
| 11 | HSBC Savings Bank (Philippines) Inc. | 15,320.99 | | |
| 12 | Wealth Development Bank Corporation | 12,255.28 | | |
| 13 | 1st Valley Bank, Inc. | 10,986.96 | | |
| 14 | Malayan Savings Bank, Inc. | 10,369.20 | | |
| 15 | CARD SME Bank, Inc. | 8,479.46 | | |
| 16 | Luzon Development Bank | 6,417.25 | | |
| 17 | Citystate Savings Bank, Inc. | 4,888.74 | | |
| 18 | Legazpi Savings Bank, Inc. | 4,887.16 | | |
| 19 | AllBank, Inc. | 4,779.25 | | |
| 20 | Overseas Filipino Bank | 4,501.13 | | |
| 21 | Bangko Kabayan, Inc. | 3,619.43 | | |
| 22 | Queen City Development Bank (QueenBank) | 3,120.09 | | |
| 23 | Sun Savings Bank, Inc. | 3,039.11 | | |
| 24 | Yuanta Savings Bank Philippines, Inc. | 2,520.47 | | |
| 25 | Penbank, Inc. | 2,498.85 | | |
| 26 | Century Savings Bank Corporation | 1,959.16 | | |
| 27 | Bank One Savings Corporation | 1,938.87 | | |
| 28 | Dumaguete City Development Bank, Inc. | 1,177.74 | | |
| 29 | Rizal MicroBank, Inc. | 1,684.22 | | |
| 30 | Isla Bank, Inc. | 1,425.42 | | |
| 31 | Hiyas Banking Corporation | 1,401.79 | | |
| 32 | LOLC Bank Philippines, Inc. | 1,235.63 | | |
| 33 | Makiling Development Bank Corporation | 1,045.07 | | |
| 34 | NorthPoint Development Bank, Inc. | 1,034.82 | | |
| 35 | Pacific Ace Savings Bank, Inc. | 990.04 | | |
| 36 | University Savings Bank, Inc. | 824.19 | | |
| 37 | Pampanga Development Bank | 687.60 | | |
| 38 | Bataan Development Bank | 537.71 | | |
| 39 | Cordillera Savings Bank, Inc. | 467.87 | | |
| 40 | Life Savings Bank, Inc. | 334.33 | | |
| 41 | Phil Star Development Bank, Inc. | 237.98 | | |
| 42 | Lemery Savings and Loan Bank, Inc. | 231.54 | | |
| 43 | Quezon Coconut Bank, Inc. | 86.40 | | |
| Rank | Bank name | Assets (millions of PHP) | Asset change | Rank change |
|---|---|---|---|---|
| 1 | BDO Network Bank, Inc. | 87,679.80 | | |
| 2 | EastWest Rural Bank, Inc. (EWRB) | 24,282.73 | | |
| 3 | CARD Bank, Inc. | 22,272.76 | | |
| 4 | Seabank Philippines, Inc. | 12,237.80 | | |
| 5 | Tonik Digital Bank, Inc. | 10,579.10 | | |
| 6 | Guagua Rural Bank, Inc. | 7,596.00 | | |
| 7 | Cebuana Lhuillier Rural Bank, Inc. | 6,297.43 | | |
| 8 | CARD MRI Rizal Bank, Inc. | 6,175.85 | | |
| 9 | First Isabela Cooperative Bank (FICO Bank) | 5,513.43 | | |
| 10 | Bank of Florida (BOF, Inc.) | 4,726.23 | | |
| Rank | Bank name | Assets (millions of PHP) |
|---|---|---|
| 1 | Maya Bank, Inc. | 28,080.81 [4] |
| 2 | UnionDigital Bank | 22,472.87 [5] |
| 3 | Gotyme Bank Corporation | 16,803.12 [6] |
| 4 | Tonik Digital Bank, Inc. | 9,742.99 [7] |
| 5 | Unobank, Inc. | 6,828.63 [8] |
| 6 | Overseas Filipino Bank Inc A Digital Bank of Landbank | 4,761.72 [9] |
The Philippine peso, also referred to by its Filipino name piso, is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines.
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.
The Bank of the Philippine Islands is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.
The Metropolitan Bank & Trust Company, commonly known as Metrobank, is the third largest bank in the Philippines in terms of total assets. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc.
The Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets.
The Rizal Commercial Banking Corporation, commonly known as RCBC, is one of the largest universal banks in the Philippines with total consolidated resources of Ph₱ 1.2 trillion. It was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is currently headquartered at RCBC Plaza in Makati, Metro Manila.
EastWest Bank, formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. It was founded in 1994 in Manila by the late tycoon, Andrew Gotianun and his wife. It is a member of the Filinvest Group, led by the Gotianun family. Its headquarter is at The Beaufort, a condominium building by Filinvest in Bonifacio Global City.
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”.
CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.
BDO Network Bank, formerly known as One Network Bank (ONB), is a rural bank in the Philippines. Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 branch in Makati and province of Iloilo and a fleet of 135 ATMs throughout the provinces in Mindanao, including 17 localities where it is the sole provider of financial services.
Asia United Bank Corporation, commonly known as Asia United Bank or AUB, is a universal bank in the Philippines and licensed by the Bangko Sentral ng Pilipinas (BSP). AUB is the banking arm of the Rebisco Group. It is among the very few banks that was granted a full-branch commercial banking license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine banks that have become publicly listed and acquired universal banking status. As of 2022, AUB is the thirteenth largest bank in the Philippines in terms of assets.
The Overseas Filipino Bank (OFBank) is the state-owned digital-only, branchless bank in the Philippines. Formerly known as the Philippine Postal Savings Bank (PPSB) or PostBank, it is the smallest of the Philippines' three state-owned banks, and is the 16th largest thrift banks in terms of assets. Its services are catered to the needs of Overseas Filipinos (OFs), Overseas Filipino Worker (OFWs), and their families or beneficiaries. Since 2018, it has been a subsidiary of LandBank.
Bank of Commerce, commonly known as BankCom, is a universal bank in the Philippines and licensed by the Bangko Sentral ng Pilipinas (BSP). BankCom is the banking arm of diversified conglomerate San Miguel Corporation (SMC). It has a total network of 140 Branches and 260 Automated Teller Machines (ATMs) located nationwide, as of December 31, 2020. As of 2022, BankCom is the fifteenth largest bank in the Philippines in terms of assets.
Bank of Makati, (BMI) is a Filipino thrift bank established in 1956. It was founded as a rural bank prior to its approval by the Bangko Sentral ng Pilipinas to operate as a thrift bank on April 28, 2015 when it officially became a savings bank.
Sterling Bank of Asia (SBA) is a savings bank in the Philippines principally owned by the JTKC Group of Companies, Surewell Equities, and Star Equities engaged in diverse industries ranging from logistics to finance, real estate, manufacturing, hotel and resort properties. It was established on 30 March 2007 in response to the Philippine government's mandate to create specialized financial institutions that would support the development and growth of the small and medium enterprise sector.
Maya, is a Filipino financial services and digital payments company based in Metro Manila, Philippines.
Digital banks in the Philippines are a new formal category of banks which were only approved by the Bangko Sentral ng Pilipinas (BSP), the country's central bank, in 2020. The first such banks launched in the Philippines were Tonik, Overseas Filipino Bank, and UnionDigital of UnionBank Corp. Several more banks were approved by the BSP before 2021, when it announced that it would stop approving the establishment of further digital banks for three years, in order to strengthen the industry and assure healthy competition among its players.
| Universal banks | |
|---|---|
| Government banks | |
| Commercial banks | |
| Thrift banks | |
| Digital banks | |
| Other banks | |
| Defunct |
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