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
|1. BPI Family Savings Bank||170.351||1|
|2. Philippine Savings Bank|
|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|
|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|
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.