Are There How Many Banks in the Philippines?

As of January 20, 2018 

As of January 20, 2018, there are 587 banks in the Philippines
(number of head offices, excluding branches).

	Type of	Number of	Number of
	Bank	Head Offices	Branch Offices
1.	Universal Banks	21
	a. Private Domestic Banks	12
	b. Government Banks	3
	c. Foreign Bank Branches	6
2.	Commercial Banks	22
	a. Private Domestic Banks	5
	b. Foreign Bank Subsidiaries	2
	c. Foreign Bank Branches	15
	TOTAL No. of  Universal
	and Commercial Banks	43
3.	Savings Banks	55
4.	Rural Banks	489
	a. Rural Banks	464
	b. Cooperative Banks	25
	TOTAL No. of  BANKS	587

As of November 19, 2015:

Compared to data in 2013, as seen below:
    .  There's no change in the number of universal banks.
    .  The number of private domestic commercial banks changed from
          6 to 5 after Allied Bank was merged into PNB.
    .  The number of foreign bank subsidiaries increased from 8 to 12 after
         4 foreign banks launched their branches in the Philippines in 2015.
          Two more foreign branches are expected to operate in the country.
    .  The number of rural banks decreased after more than 60 rural banks
          were closed down by the BSP.

	Type of	Number of	Number of
	Bank	Head Offices	Branch Offices
1.	Universal Banks	21
	a. Private Domestic Banks	12
	b. Government Banks	3
	c. Foreign Bank Branches	6
2.	Commercial Banks	19
	a. Private Domestic Banks	5
	b. Foreign Bank Subsidiaries	2
	c. Foreign Bank Branches	12
	ALL Universal and
	Commercial Banks	40	5,547
3.	Savings Banks	69	1,808
4.	Rural Banks	532	2,037
	and Cooperative Banks
	ALL BANKS	664	9,456

As of March 2013:

As of March 2013, there are 705 banks in the Philippines, according to the Bangko Sentral ng Pilipinas. These banks have a combined total of 8,596 branches and 10,997 ATMs.

	Type of	Number of	Number of
	Bank	Head Offices	Branch Offices
1.	Universal Banks	21	4,492
	a. Private Domestic Banks	12	4,028
	b. Government Banks	3	453
	c. Foreign Bank Branches	6	11
2.	Commercial Banks	16	499
	a. Private Domestic Banks	6	419
	b. Foreign Bank Subsidiaries	2	75
	c. Foreign Bank Branches	8	5
	Universal and
	Commercial Banks	37	4,991
3.	Savings Banks	69	1,476
4.	Rural Banks	599	2,129
	and Cooperative Banks
	ALL BANKS	705	8,596

Related Articles:
List of Banks in the Philippines — Universal Banks, Commercial Banks
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks