Below is a list of the Biggest Banks in the Philippines based on total assets as of June 2013.
Since BDO surpassed the one-trillion-peso-asset mark in June 2011, it is still the only Philippine bank with more than one trillion pesos in total assets.
PNB broke into the Top 5 list in the first quarter of this year after finalizing its merger with its sister company Allied Bank in February 2013.
|JUNE 2013||BILLION PESOS||MAR 2013|
|No. 21 to No. 32|
|21||JP MORGAN CHASE||59.699||18|
|25||BANK of TOKYO||50.104||25|
|31||BANK OF AMERICA||16.130||31|
|No. 33 to No. 36|
|33||BANK OF CHINA||9.262||34|
PNB was No. 6 based on total assets in the 2nd, 3rd and 4th quarters of 2013. After acquiring Allied Bank in February 2013, it moved up by one rank.
Allied Bank's thrift subsidiary Allied Savings Bank is still named Allied Savings Bank in BSP's list of thrift banks.
The 3 government banks are:
. Al-Amanah (the only Philippine bank authorized to offer Islamic banking; operating as subsidiary of DBP)