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List of banks in the Philippines

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The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. As of 17 October 2017,[1] there were 36 universal and commercial banks, 57 savings banks, 492 rural banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000.

On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines.

List

Universal and commercial banks

  1. Al-Amanah Islamic Investment Bank of the Philippines*
  2. Asia United Bank Corporation (AUB)
  3. Australia and New Zealand Banking Group (ANZ)
  4. BDO Unibank, Inc. (BDO; largest bank in the Philippines in terms of assets; 243rd largest bank globally)
  5. BDO Private Bank (a subsidiary of BDO Unibank, Inc.)
  6. Bank of America, N.A.
  7. Bank of China - Manila Branch
  8. Bank of Commerce (a subsidiary of San Miguel Corporation)
  9. Bank of the Philippine Islands (BPI; oldest bank in Southeast Asia)
  10. Bangkok Bank Co. Ltd.
  11. Cathay United Bank Co. Ltd. - Manila Branch
  12. Chang Hwa Commercial Bank LTD - Manila Branch
  13. China Banking Corporation (Chinabank)
  14. Chinatrust Philippines Commercial Bank Corporation (Chinatrust)
  15. CIMB Bank Philippines Inc.
  16. Citibank Philippines
  17. Development Bank of the Philippines (DBP, secondary government bank)*
  18. Deutsche Bank
  19. East West Banking Corporation (EastWest Bank)
  20. First Commercial Bank Manila
  21. Hua Nan Commercial Bank Ltd. Manila
  22. Industrial Bank of Korea Manila Branch
  23. ING Group N.V.
  24. JPMorgan Chase & Co. (JPMorgan Chase)
  25. KEB Hana Bank - Manila Branch
  26. Land Bank of the Philippines (Landbank; LBP, main government bank)*
  27. Maybank Philippines, Inc.
  28. Mega International Commercial Bank Co. LTD
  29. Metropolitan Bank and Trust Company (Metrobank)
  30. Mizuho Bank, Ltd. Manila Branch
  31. MUFG Bank, Ltd.
  32. Philippine Bank of Communications (PBCom)
  33. Philippine National Bank (PNB)
  34. Philippine Trust Company (Philtrust Bank)
  35. Philippine Veterans Bank (Veterans Bank; PVB)
  36. Rizal Commercial Banking Corporation (RCBC)
  37. Robinsons Bank Corporation (RBank)
  38. Security Bank Corporation (Security Bank)
  39. Shinhan Bank - Manila Branch
  40. Standard Chartered Bank Philippines
  41. Sumitomo Mitsui Banking Corporation Manila Branch
  42. The Hongkong and Shanghai Banking Corporation Limited
  43. Tonik Bank
  44. Union Bank of the Philippines, Inc. (Unionbank)
  45. United Coconut Planters Bank (UCPB)*
  46. United Overseas Bank Limited Manila Branch
  • The forty-three banks listed above are those with the biggest assets in the Philippine banking industry, listed at the BSP website as of December 31, 2017. The largest of these is BDO Unibank and the smallest is Al-Amanah Islamic Bank.

Source: Bangko Sentral ng Pilipinas[2]

Savings banks

  1. 1st Valley Bank (a development bank)
  2. AllBank, Inc.
  3. Bank of Makati
  4. Bank One Savings and Trust Corporation
  5. Bataan Development Bank
  6. Bataan Savings and Loan Bank
  7. BPI Direct BanKo, Inc. (a subsidiary of BPI)
  8. BPI Family Savings Bank (will be merging with BPI)
  9. Business and Consumers Bank
  10. CARD SME Bank, Inc. (a thrift bank)
  11. Century Savings Bank Corporation
  12. China Bank Savings (formerly PlantersBank - now a subsidiary of Chinabank)
  13. City Savings Bank (a subsidiary of Unionbank)
  14. Citystate Savings Bank
  15. Cordillera Savings Bank, Inc.
  16. Dumaguete City Development Bank, Inc.
  17. Enterprise Bank, Inc.
  18. Equicom Savings Bank (Equicom)
  19. Farmers Savings and Loan Bank, Inc.
  20. First Consolidated Bank, Inc.
  21. Hiyas Banking Corporation
  22. HSBC Savings Bank Philippines Inc.
  23. Inter-Asia Development Bank
  24. Isla Bank (a thrift bank)
  25. Legazpi Savings Bank
  26. Lemery Savings and Loan Bank, Inc.
  27. Life Savings Bank, Inc.
  28. Luzon Development Bank
  29. Malasiqui Progressive SLB, Inc.
  30. Malayan Savings Bank
  31. Maritime Savings Bank Corporation
  32. Maximum Savings Bank, Inc.
  33. Merchants Savings and Loan Association, Inc.
  34. Metro Cebu Public Savings Bank
  35. NorthPoint Development Bank, Inc.
  36. Overseas Filipino Bank (subsidiary of Landbank; government bank)
  37. Pacific Ace Savings Bank, Inc.
  38. Pampanga Development Bank
  39. Pen Bank, Inc. (formerly Peninsula RB, Inc.)
  40. Philippine Business Bank
  41. Philippine Resources Savings Banking Corporation (PR Savings Bank; acquired by CitySavings Bank)
  42. Philippine Savings Bank (PS Bank; a subsidiary of Metrobank)
  43. Philippine Star Development Bank, Inc.
  44. PNB Savings Bank ( merged with PNB)
  45. Producers Savings Bank Corporation (Producers Bank)
  46. Quezon Coconut Bank, Inc. (a thrift bank)
  47. Queen City Development Bank
  48. RCBC Savings Bank (merged with RCBC) -
  49. Sterling Bank of Asia
  50. Sun Savings Bank, Inc.
  51. UCPB Savings Bank (a subsidiary of UCPB)
  52. University Savings Bank
  53. Village Bank, Inc.
  54. Wealth Development Bank Corporation
  55. Yuanta Savings Bank Philippines, Inc.

The banks listed above are those with the biggest assets in the Philippine Banking Industry as of September 30, 2020.[3]

Rural and cooperative banks

  1. Agribusiness Rural Bank, Inc.
  2. Aliaga Farmers Rural Bank, Inc.
  3. ASPAC Rural Bank, Inc.
  4. AuroraBank, a microfinance-oriented rural bank
  5. Balanga Rural Bank, Inc.
  6. Banco Dipolog (now acquired by Producers Savings Bank Corporation)
  7. Banco Laguna, Inc. (a rural bank since 1965)
  8. Banco Mabuhay (a rural bank)
  9. Banco Mexico Inc. ( A Rural Bank in Mexico, Pampanga since 1962)
  10. Bankways, Inc. (a rural bank)
  11. BDO Network Bank (formerly One Network Bank, a subsidiary of BDO Unibank, Inc.)
  12. BHF Rural Bank, Inc.
  13. BOF, Inc. (a rural bank)
  14. Camalig Bank, Inc. (a rural bank)
  15. Cantilan Bank, Inc. (a rural bank)
  16. CARD Bank, Inc. (a MF RB)
  17. Cavite United Rural Bank Corporation (A subsidiary of Asia United Bank Corporation)
  18. Cebuana Lhuillier Rural Bank, Inc.
  19. Common Wealth Rural Bank, Inc.
  20. Community Rural Bank of Catmon (Cebu) Inc.
  21. Community Rural Bank of Dapitan City, Inc.
  22. Community Rural Bank of San Felipe (Zambales), Inc.
  23. Cooperative Bank of Bohol
  24. Cooperative Bank of Cotabato
  25. Cooperative Bank of Nueva Vizcaya
  26. Cooperative Bank of Quezon Province
  27. Consolidated Cooperative Bank
  28. Country Builders Bank, Inc. (a rural bank)
  29. D' Asian Hills Bank, Inc. (a rural bank)
  30. Dumaguete Rural Bank Inc. (DRBI)
  31. EastWest Rural Bank, Inc. (a subsidiary of EastWest Bank)
  32. Entrepreneur Rural Bank, Inc.
  33. First Agro-Industrial Rural Bank, Inc. / FAIRBANK Inc.
  34. First Isabela Cooperative Bank (FICO Bank)
  35. First Tagum Rural Bank, Inc.
  36. GM Bank of Luzon, Inc. (a rural bank)
  37. Guagua Rural Bank, Inc.
  38. Highland Rural Bank, Inc.
  39. Ilocos Consolidated Cooperative Bank (formerly Ilocos Sur Cooperative Bank and Cooperative Bank of Ilocos Norte)
  40. Imus Rural Bank, Inc.
  41. Innovative Bank, Inc. (a rural bank)
  42. Insular Savers Bank, Inc. (a rural bank)
  43. Katipunan Bank, Inc. (a rural bank)
  44. Laguna Prestige Banking Corporation (a rural bank)
  45. Liberty Bank (a rural bank)
  46. LifeBank (a Rural Bank)
  47. Mactan Rural Bank (Lapu-Lapu City) Inc.
  48. Malarayat Rural Bank, Inc.
  49. Mallig Plains Rural Bank (ISA) Inc.
  50. Marayo Bank, Inc. (a rural bank)
  51. Metro South Cooperative Bank
  52. Mount Makiling Rural Bank, Inc.
  53. MVSM Bank (a rural bank since 1953) Inc.
  54. Network Consolidated Cooperative Bank
  55. New Rural Bank of San Leonardo (N.E.) Inc.
  56. Opportunity Kauswagan Inc. (a microfinance rural bank)
  57. People’s Rural Bank (Gen. Santos City) Inc.
  58. PlanBank (Rural Bank of Canlubang Planters, Inc.)
  59. Quezon Capital Rural Bank, Inc.
  60. Rang-ay Bank, Inc. (a rural bank)
  61. RBG Imperial Bank, Inc. (a rural bank)
  62. RBT Bank, Inc. (a rural bank)
  63. Rizal Bank (a MF RB)
  64. Rural Bank of Angeles, Inc. (A subsidiary of Asia United Bank Corporation)
  65. Rural Bank of Bagabag (N.V.) Inc.
  66. Rural Bank of Bambang (Nueva Vizcaya) Inc.
  67. Rural Bank of Barili (Cebu) Inc.
  68. Rural Bank of Bauang, Inc.
  69. Rural Bank of Bayombong, Inc.
  70. Rural Bank of Calbayog City, Inc.
  71. Rural Bank of Cardona (Rizal) Inc.
  72. Rural Bank of Cauayan, Inc.
  73. Rural Bank of Central Pangasinan (Bayambang) Inc.
  74. Rural Bank of Digos, Inc.
  75. Rural Bank of Dolores (Quezon) Inc.
  76. Rural Bank of Dumangas, Inc.
  77. Rural Bank of Gattaran (Cagayan) Inc.
  78. Rural Bank of General Trias, Inc.
  79. Rural Bank of Guinobatan, Inc.
  80. Rural Bank of Itogon (Benguet) Inc.
  81. Rural Bank of Jaen, Inc.
  82. Rural Bank of Lebak (Sultan Kudarat) Inc.
  83. Rural Bank of Mabalacat, Inc.
  84. Rural Bank of Magdalena (Laguna) Inc.
  85. Rural Bank of Mangaldan
  86. Rural Bank of Maragondon, Inc.
  87. Rural Bank of Maria Aurora (Aurora) Inc.
  88. Rural Bank of Mexico (Pampanga since 1962)
  89. Rural Bank of Montalban, Inc.
  90. Rural Bank of Pandi (Bulacan) Inc.
  91. Rural Bank of Paracale (Camarines Norte) Inc.
  92. Rural Bank of Pilar (Bataan) Inc.
  93. Rural Bank of Pola (Oriental Mindoro)
  94. Rural Bank of Rizal (Zamboanga del Norte) Inc.
  95. Rural Bank of Rosario (La Union) Inc.
  96. Rural Bank of San Antonio, Inc.
  97. Rural Bank of San Mateo (Isabela) Inc.
  98. Rural Bank of San Narciso, Inc.
  99. Rural Bank of San Pascual (Obando, Bulacan) Inc.
  100. Rural Bank of Solano (Nueva Vizcaya) Inc.
  101. Rural Bank of Sta. Ignacia, Inc.
  102. Rural Bank of Tangub City (Misamis Occidental) Inc.
  103. Rural Bank of Taal, Inc
  104. Saviour Rural Bank, Inc.
  105. Sta. Maria Rural Bank, Inc.
  106. Sugbuanon Rural Bank, Inc.
  107. Summit Bank (rural bank of Tublay, Inc.)
  108. Valiant Bank, Inc. (a rural bank)
  109. Rural Bank of Cuenca Inc.

The rural and cooperative banks listed above are the updated list from the Bangko Sentral ng Pilipinas as of September 2017.[4] The largest rural bank in the Philippines in terms of assets is BDO Network Bank.[5]

Defunct or merged banks

  • Acme Savings Bank (acquired by the Sy Group of Companies and renamed Banco De Oro)
  • AMA Rural Bank of Mandaluyong, Inc.
  • Bank of Cebu
  • Cooperative Bank of Aurora[6]
  • International Exchange Bank (acquired by and merged with Union Bank of the Philippines)
  • Insular Bank of Asia and America (merged with Philippine Commercial International Bank)
  • Mindanao Development Bank (merged with Equitable PCI Bank)
  • Ecology Bank (merged with Equitable PCI Bank)
  • Family Savings Bank (acquired by BPI; renamed to BPI Family Savings Bank)
  • AIG Philam Savings Bank (merged with East West Banking Corporation)
  • Keppel Bank (acquired by GE Capital Finance)
  • Equitable PCI Bank (merged with PCI Bank forming it and now merged with Banco de Oro)
  • Philippine Commercial International Bank (merged with Equitable PCI Bank and now merged with Banco De Oro)
  • Urban Bank (forced to close then merged with Export and Industry Bank)
  • Allied Bank (merged with Philippine National Bank)
  • Capitol Development Bank (acquired by RCBC and became RCBC Savings Bank - merged with RCBC)
  • Banco Filipino
  • Export and Industry Bank
  • Traders Royal Bank (now emerged with Bank Of Commerce)
  • American Express Bank (renamed BDO Elite Savings Bank)
  • Banco Santander Central Hispano (Philippine subsidiary acquired by Banco De Oro and renamed BDO Private Bank)
  • Dao Heng Bank (acquired by Banco de Oro)
  • 1st E Bank (Philippine Branches acquired by Banco de Oro)
  • United Overseas Bank (66 out of 67 Branches merged with Banco de Oro)
  • GE Money Bank (acquired by Banco de Oro)
  • Green Bank of Caraga (acquired by EastWest Banking Corporation alongside FinMan Rural Bank, Inc. in 2013 and became EastWest Rural Bank, Inc.)
  • Orient Commercial Banking Corporation (forced to close; Allied Bank took over 52 branches)
  • Standard Chartered Bank Philippines (Philippine retail banking business was acquired by East West Banking Corporation in 2016)
  • Philippine Resources Savings Bank (PR Savings Bank; acquired by CitySavings Bank in 2018)
  • Philippine Postal Savings Bank (PostBank; acquired by Landbank in 2018 and became Overseas Filipino Bank)
  • Planters Development Bank (merged with Chinabank Savings)

Largest banks

Main article: List of largest banks in the Philippines

References

  1. ^ Chipongian, Lee (12 February 2014). "Total bank resources grow 24% to P10.423 trillion in 2013 – BSP | Manila Bulletin | Latest Breaking News | News Philippines". Manila Bulletin. Retrieved 14 April 2014.
  2. ^ "Thrift Banks in the Philippines". Bangko Sentral ng Pilipinas. Retrieved August 10, 2017.
  3. ^ https://www.bsp.gov.ph/Statistics/Financial%20Statements/Thrift/assets.aspx. {{cite web}}: Missing or empty |title= (help)
  4. ^ "List of Philippine Rural and Cooperative Banks in Terms of Assets". BSP. August 2017.
  5. ^ Loyola, James. "BDO Network Bank to expand nationwide". Manila Bulletin. Retrieved 7 March 2020.
  6. ^ https://www.manilatimes.net/2020/12/12/business/at-a-glance-business/bangko-sentral-shutters-aurora-bank/808813/ Bangko Sentral shutters Aurora bank
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