1.18.2012

3 Philippine Savings Banks in The Asian Banker Top 500

By Nora
Three Philippine savings banks are in The Asian Banker's ranking of the 500 Largest Banks in the Asia Pacific region, based on assets as of September 2011.


Ranking   Savings Bank
415thBPI Family Savings Bank

452thPhilippine Savings Bank

497thRCBC Savings Bank

According to data from the BSP, the 3 largest savings banks in the Philippines based on assets as of December 2010 are the following:

Savings BankAssets As of June 2011
in BILLIONS
1. BPI Family Savings Bank138.696
2. Philippine Savings Bank (PSBank)   103.419
3. RCBC Savings Bank57.816

Note that these savings banks are subsidiaries of the biggest banks in the Philippines:

BPI Family Savings Bank is owned by Bank of Philippine Islands (BPI)
Philippine Savings Bank (PSBank) is owned by Metropolitan Bank and Trust Corp. (Metrobank)
RCBC Savings Bank is owned by Rizal Commercial Banking Corp. (RCBC)

All in all, there are 16 Philippine banks in The Asian Banker Top 500 List, updated September 2011.

The Asian Banker is a financial services industry intelligence firm that covers the entire Asia-Pacific region -- Australia, Bangladesh, Brunei, China, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, Myanmar, New Zealand, Pakistan, Philippines, Sri Lanka, South Korea, Singapore, Taiwan, Thailand and Vietnam.

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