12.15.2012

Top 39 Savings Banks in the Philippines, Assets June 2012

By Nora
Here are the Top 39 Savings Banks in the Philippines, based on Total Assets as of June 2012. Ranking is based on balance sheets published by the Bangko Sentral ng Pilipinas (BSP).

39 out of 66 savings banks in the Philippines surpassed the one-billion-peso mark in total assets as of June 2012.

Rank   Savings Bank

Assets

   Previous
in BILLION   Rank
Pesos
 1.  BPI Family Savings Bank 170.351   1
 2.  Philippine Savings Bank 
      (PSBank) 112.989   2
 3.  RCBC Savings Bank  58.345   3
 4.  Planters Development Bank  53.063   4
 5.  Philippine Business Bank  28.248   5
 6.  Sterling Bank of Asia  27.628   6
 7.  HSBC Savings Bank (Phils)  24.388   7
 8.  City Savings Bank  14.793   8
 9.  Citibank Savings  11.967   9
10. First Consolidated Bank   9.340  11
11. BPI Direct Savings Bank   8.990  12
12. Philippine Resources Savings
      Banking Corp. (PR Savings Bank)   7.957  13
13. China Bank Savings   7.598  15
14. UCPB Savings Bank   7.289  17
15. Philippine Postal Savings Bank   5.966  16
16. Malayan Bank Savings
      & Mortgage Bank    5.640  18
17. Security Bank Savings   5.404  19
18. Producers Savings Bank   4.677  21
19. Equicom Savings Bank   4.385  20
20. Allied Savings Bank   3.994  22
21. Luzon Development Bank   2.714  23
22. BPI Globe Banko Savings Bank      2.573  25
23. Wealth Development Bank   2.542  24
24. Citystate Savings Bank   2.539  26
25. Legazpi Savings Bank    2.063  28
26. ComSavings Bank   1.891  29
27. Penbank Inc.   1.876  30
28. United Overseas Bank Phils   1.797  27
29. Queen City Development Bank   1.782  31
30. BDO Elite Savings Bank   1.530  32
31. Tong Yang Savings Bank   1.442  33
32. Hiyas Banking Corp.   1.228  34
33. Optimum Development Bank   1.220  35
34. World Partners Bank   1.217  36
35. Century Savings Bank   1.110  37
36. Merchants Savings and
       Loan Association   1.068  41
37. Isla Bank, A Thrift Bank   1.060  39
38. Bank One Savings and Trust   1.048  38
39. Dumaguete City Development Bank   1.029  40

Notes:
Premiere Development Bank, 19th in assets as of March 2012, was acquired by Security Bank and renamed Security Bank Savings. The acquisition process was announced online in June 2011.

Security Bank Savings was formerly Premiere Development Bank. It's now a subsidiary of Security Bank. 

ComSavings Bank is GSIS Family Bank. ComSavings Bank was the previous name of GSIS Family Bank. I'm puzzled why it is now the name being used. Its website still use the name GSIS Family Bank.

Real Bank, which was previously 10th in assets as of March 2012, is nowhere in the above list. It's puzzling.
Nevertheless, it has been reported online last November that former Philippine Deposit Insurance Corp. (PDIC) chief executive Jose C. Nograles has been appointed to The Real Bank’s board of directors.

Top Savings Banks in the Philippines June 2012

2 comments:

  1. I thought unionbank is a savings bank. It is not included in the lists. I love the services it offers.

    ReplyDelete
  2. Union Bank has higher capitalization than a savings bank. It's a universal bank -- offers commercial banking and investment banking. It's one of the top ten banks in the Philippines.

    ReplyDelete

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