List of Savings Banks in the Philippines, 2013

By Nora
Updated March 10, 2013:

Here's an alphabetical list of the 70 savings banks or thrift banks in the Philippines, authorized and supervised by the Bangko Sentral ng Pilipinas, based on data published on the BSP website as of March 2013.  Included are the locations of their Headquarters.
            Savings Bank           Location of Headquarters

1    Allied Savings Bank, Makati
2    Bank One Savings and Trust Corp., Manila
3    Bataan Development Bank, Bataan
4    Bataan Savings and Loan Bank, Bataan
5    BDO Elite Savings Bank, Makati
6    BPI Direct Savings Bank, Makati
7    BPI Family Savings Bank, Makati
8    BPI Globe BanKo, A Savings Bank, San Juan City
9    Business and Consumers Bank, Iloilo City
10  Card SME Bank, A Thrift Bank, San Pablo City
11  Century Savings Bank Corp., Pasig City
12  China Bank Savings, Makati
13  Citibank Savings, Quezon City
14  City Savings Bank, Cebu City
15  Citystate Savings Bank, Pasig City
16  Comsavings Bank, Pasig City
17  Cordillera Savings Bank, Nueva Vizcaya
18  Dumaguete City Development Bank, Dumaguete City
19  Dungganon Bank, Negros Occidental
20  Equicom Savings Bank, Makati
21  Farmers Savings and Loan Bank, Bulacan
22  First Consolidated Bank, Tagbilaran City
23  Hiyas Banking Corporation, Bulacan
24  HSBC Savings Bank Phils, Makati
25  Iloilo City Development Bank, Iloilo City
26  Inter-Asia Development Bank, Tagaytay City
27  Isla Bank, A Thrift Bank, Makati
28  Legazpi Savings Bank, Legazpi City
29  Lemery Savings and Loan Bank, Batangas
30  Life Savings Bank, Cainta
31  Luzon Development Bank, Laguna
32  Malasiqui Progressive Savings and Loan Bank, Pangasinan
33  Malayan Bank Savings and Mortgage Bank, Makati
34  Maritime Savings Bank Corp., Cavite
35  Merchants Savings and Loan Association, Davao City
36  Metro-Cebu Public Savings Bank, Cebu
37  Microfinance Maximum Savings Bank, Oriental Mindoro
38  Northpoint Development Bank, Laguna
39  Opportunity Kauswagan Bank, Iloilo City
40  Optimum Development Bank, Mandaluyong
41  Pacific Ace Savings Bank, Olongapo City
42  The Palawan Bank, Palawan
43  Pampanga Development Bank, Pampanga
44  Penbank, A Private Development Bank, General Santos City
45  Philippine Business Bank, A Savings Bank Caloocan City
46  Philippine Postal Savings Bank, Manila
47  Philippine Resources Savings Banking Corp., Isabela
48  Philippine Savings Bank, Makati
49  Planters Development Bank, Makati
50  Pride Star Development Bank, Batangas City
51  Producers Savings Bank Corporation, Pasig City
52  Progress Savings and Loan Bank, Zambales
53  Queen City Development Bank, A Thrift Bank, Iloilo City
54  Quezon Coconut Bank, A Thrift Bank, Lucena City
55  RCBC Savings Bank, Inc., Pasig City
56  The Real Bank, A Thrift Bank, Quezon City
57  Sampaguita Savings Bank, Laguna
58  Security Bank Savings Corp., Makati
59  Silangan Savings and Loan Bank, Cavite
60  Sterling Bank of Asia, A Savings Bank, San Juan City
61  Sun Savings Bank, Cebu
62  Tong Yang Savings Bank, Makati
63  Tower Development Bank, Bulacan
64  UCPB Savings Bank, Makati
65  United Overseas Bank Philippines, Makati
66  University Savings Bank, Manila
67  Village Bank, A Thrift Bank, Bataan
68  Wealth Development Bank Corporation, Cebu City
69  World Partners Bank, A Thrift Bank, Laguna
70  Enterprise Bank, A Thrift Bank, Surigao del Sur

Notes: Complete Names of Some Banks Above
Business and Consumers Bank (A Development Bank)
Dungganon Bank A Microfinance Thrift Bank
First Consolidated Bank, A Private Development Bank
Opportunity Kauswagan Bank, (A Microfinance Thrift Bank)
The Palawan Bank (Palawan Development Bank)
Penbank, A Private Development Bank) (formerly: Peninsula Rural Bank, Inc.)
Philippine Resources Savings Banking Corp. (PR Savings Bank)
Queen City Development Bank, or Queenbank, A Thrift Bank

Updates on Certain Savings Banks :
Robinsons Savings Bank Corporation became a commercial bank called Robinsons Bank Corp. in February 2010, following its purchase of the Royal Bank of Scotland NV's shares in the Royal Bank of Scotland (Philippines) Inc.
- Liberty Savings Bank, located in Bulacan, which was previously 47th in assets as of December 2011, changed to a rural bank named Liberty Bank, A Rural Bank in April 2012.
- Premiere Development Bank, 19th in assets as of March 2012, was acquired by Security Bank and renamed Security Bank Savings.  The acquisition was announced online in June 2011.
- Security Bank Savings was formerly Premiere Development Bank. It is now a subsidiary of Security Bank.
- ComSavings Bank is GSIS Family Bank. ComSavings Bank was the previous name of GSIS Family 
Bank. Its website still uses the name GSIS Family Bank.   
- Philippine Resources Savings Banking Corp., based in Cauayan City, Isabela, was formerly a rural bank. It started operating as a savings bank in November 2011, and became the 13th biggest savings bank based on total assets as of March 2012.
- Progress Savings and Loan Bank, based in Zambales, was previously Progress Savings and Loan Association
Quezon Coconut Bank is also called Quezon Coconut Producers Savings and Loan Bank

Savings Banks That Closed in Recent Years:
Banco Filipino Savings Bank finally shut down on March 15, 2011. It was closed over the period from 1985 to 1992. It had 62 branches, 32 in Metro Manila and 30 in the provinces.
- LBC Development Bank, based in Makati City, was closed in September 2011. It had 19 branches.
- Express Savings Bank, based in Cabuyao, Laguna, was closed in July 2011. It had 3 branches in Laguna.
- Bank of Calape Savings and Mortgage Bank, based in Calape, Bohol, was closed in July 2011. It had one branch.
- Penafrancia Savings and Loan Association, based in Camarines Sur, was closed in July 2010. It had one branch in Cavite.

Related Articles:
Top Savings Banks in the Philippines, Based on ROE Dec 2010
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks
Banco Filipino Had Been Waving Red Flags
Top 10 Banks in the Philippines based on Assets, Deposits and Capital


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