Where are you depositing your money? In a bank offering interest rates much higher than those offered by bigger banks? Or in a bank that has been stable through the years and that has survived the tumults of the financial world?
Based on total deposits as of March 31, 2011, these are the commercial and universal banks in the Philippines most favored and most trusted by depositors. Data is sourced from the Bangko Sentral ng Pilipinas.
RANK | BANK | DEPOSITS in | PREVIOUS |
BILLION PESOS | RANK | ||
1 | Banco de Oro Unibank Inc. BDO | 730.125 | 1 |
2 | Metropolitan Bank and Trust Co. METROBANK | 622.444 | 3 |
3 | Bank of the Philippine Islands BPI | 488.602 | 2 |
4 | Land Bank of the Philippines LANDBANK | 480.927 | 4 |
5 | Philippine National Bank PNB | 232.747 | 5 |
6 | Union Bank of the Philippines UNION BANK | 195.451 | 7 |
7 | China Banking Corp CHINABANK | 192.599 | 6 |
8 | Rizal Commercial Banking Corp. RCBC | 170.949 | 8 |
9 | United Coconut Planters Bank UCBP | 144.535 | 9 |
10 | Allied Banking Corp ALLIED BANK | 132.005 | 10 |
11 | Citibank NA CITIBANK | 124.220 | 12 |
12 | Development Bank of the Philippines DBP | 123.579 | 11 |
13 | Security Bank Corp. SECURITY BANK | 106.340 | 13 |
14 | Bank of Commerce BANCOM | 83.645 | 15 |
15 | Philippine Trust Co PHILTRUST | 82.468 | 16 |
16 | Hongkong & Shanghai Banking Corp HSBC | 79.560 | 14 |
17 | East West Banking Corp EASTWEST | 57.504 | 17 |
18 | Philippine Veterans Bank VETERANS | 43.097 | 18 |
19 | Standard Chartered Bank STANDARD | 34.486 | 20 |
20 | Asia United Bank Corp. | 37.740 | 19 |
Related Articles:
Top 20 Banks in the Philippines Based on Deposits as of December 2010
Top 20 Banks in the Philippines, by Assets as of March 2011