Banco de Oro BDO has surpassed the one-trillion-peso mark in total assets, the only Philippine bank which has done it as of June 2011.
Here are the TOP 20 Banks in the Philippines, in the commercial and universal category, based on total assets as of JUNE 2011. Data is sourced from the Bangko Sentral ng Pilipinas.
| RANK | BANK | ASSETS in | PREVIOUS |
| BILLION PESOS | RANK | ||
| 1 | Banco de Oro Unibank Inc. BDO | 1,009.673 | 1 |
| 2 | Metropolitan Bank and Trust Co. METROBANK | 782.458 | 2 |
| 3 | Bank of the Philippine Islands BPI | 698.012 | 3 |
| 4 | Land Bank of the Philippines LANDBANK | 609.537 | 4 |
| 5 | Philippine National Bank PNB | 332.808 | 5 |
| 6 | Development Bank of the Philippines DBP | 306.235 | 6 |
| 7 | Rizal Commercial Banking Corp. RCBC | 259.842 | 7 |
| 8 | Union Bank of the Philippines UNION BANK | 233.105 | 8 |
| 9 | China Banking Corp CHINABANK | 231.303 | 9 |
| 10 | Citibank NA CITIBANK | 219.918 | 10 |
| 11 | Security Bank Corp. SECURITY BANK | 211.237 | 11 |
| 12 | United Coconut Planters Bank UCBP | 179.647 | 12 |
| 13 | Allied Banking Corp ALLIED BANK | 161.291 | 13 |
| 14 | Hongkong & Shanghai Banking Corp HSBC | 131.456 | 14 |
| 15 | Philippine Trust Co PHILTRUST | 98.190 | 16 |
| 16 | Bank of Commerce BANCOM | 90.716 | 15 |
| 17 | East West Banking Corp EASTWEST | 83.118 | 17 |
| 18 | Standard Chartered Bank STANDARD | 62.968 | 18 |
| 19 | Philippine Veterans Bank VETERANS | 58.573 | 19 |
| 20 | Deutsche Bank AG | 47.650 | 21 |
| 21 | Asia United Bank Corp. | 47.387 | 20 |
It’s a positive mark on the Philippine banking sector and Philippine economy that a big majority of the banks significantly increased their assets as of June 2011. Compared to the previous quarter, where most banks dropped in assets, only 8 of the Top 20 banks dropped in total assets and 7 of them maintained their rankings. One bank, Deutsche Bank, even moved up by one level even if its assets dropped.
The banks that dropped in total assets as of June 2011 were the following:
- RCBC
- Union Bank
- China Banking Corp.
- Hongkong & Shanghai Banking Corp HSBC
- Bancom, fell from 15th to 16th
- Standard Chartered
- Deutsche Bank, but moved up from 21st to 20th
- Asia United Bank, fell from 20th to 21st
These 2 banks moved up:
- Philtrust moved up from 16th to 15th, replacing Bancom
- Deutsche Bank moved up from 21st to 20th, replacing United Bank, its arguably perennial rival for the 20th place
Related Articles:
Top 20 Banks in the Philippines, by Assets September 2011
Top 20 Banks in the Philippines, by Assets as of March 2011
Top 20 Banks in the Philippines Based on Assets Dec 2010
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