There are now two trillionaire Philippine banks -- BDO and Metrobank.
BDO first surpassed the one-trillion-peso-asset mark in June 2011 -- more than 2 years before Metrobank did in September 2013.
PNB broke into the Top 5 list in the first quarter of 2013 after completing its merger with sister company Allied Bank in February 2013.
TOP 17 -- Banks with Over One Hundred Billion in Total Assets(Top Commercial and Universal Banks)
|DEC 2013||BILLION PESOS||SEP 2013|
|No. 18 to No. 32|
|24||BANK of TOKYO||53.965||24|
|26||JP MORGAN CHASE||40.863||25|
|31||BANK OF AMERICA||21.299||31|
|No. 33 to No. 36|
|34||BANK OF CHINA||10.020||34|
1. All the Top 16 banks maintained their past quarter's rankings.
2. Standard Chartered Bank moved down from No. 17 to No. 18. AUB moved up and replaced Standard at No. 17.
3. Metrobank first surpassed the one-trillion-asset mark in the quarter ended September 2013.
4. Chinatrust (Philippines) Commercial Bank Corporation changed its English corporate name to CTBC Bank (Philippines) Corp. (CTBC Bank) in November 2013. CTBC Bank (Philippines) Corp. started in 1995. Its parent holding company, CTBC Financial Holding Co., Ltd. (formerly Chinatrust Financial Holding Co. Ltd.) is the most awarded bank in Taiwan and one of the 200 biggest banks in the world based on capital.
5. PNB was No. 6 based on total assets in the 2nd, 3rd and 4th quarters of 2012. After acquiring Allied Bank in February 2013, it moved up to No. 5
6. Allied Savings Bank, the thrift subsidiary of Allied Bank, is now the thrift subsidiary of Philippine National Bank (PNB).
7. Robinsons Bank moved up from No. 27 to No. 25