1.30.2014

39 Top Savings Banks, by Assets, Sep 2013

By Nora
Here are the 39 top savings banks in the Philippines, based on total assets as of September 2013, sourced from data published by the Bangko Sentral ng Pilipinas on its website.

Only these 39 savings banks out of 69 savings banks or thrift banks surpassed the one-billion-peso mark in total assets as of September 2013.

RANK    BANKASSETSRANK
SEPBILLION    JUNE
2013PESOS2013
 1.  BPI Family207.1661
 2.  PSBank123.8042
 3.  RCBC Savings 65.9273
 4.  Planters Development 53.2484
 5.  Philippine Business 44.0565
 6.  City Savings 26.5278
 7.  HSBC Savings 26.3057
 8.  Sterling Bank 23.6426
 9.  China Bank Savings 13.0389
10.  Citibank Savings 11.94710
11.  BPI Direct Savings 11.44113
12.  Allied Savings 10.71111
13.  UCPB Savings 10.05014
14.  First Consolidated  9.95212
15.  PR Savings  9.09415
16.  Real Bank  7.60316
17.  Security Bank Savings  7.54817
18.  Philippine Postal  7.17718
19.  Malayan Bank Savings  6.94020
20.  Producers Savings  6.37319
21.  Equicom Savings  5.68421
22.  Wealth Development  4.31122
23.  Luzon Development  3.36624
24.  BPI Globe Banko  3.33223
25.  Citystate Savings  3.00725
26.  Enterprise Bank  2.04926
27.  Penbank  2.01427
28.  ComSavings Bank  1.79028
29.  United Overseas  1.78030
30.  Queen City Development  1.62029
31.  BDO Elite Savings  1.60431
32.  Optimum Development  1.58932
33.  Hiyas Banking  1.29434
34.  Bank One Savings  1.27835
35.  Tong Yang Savings  1.23233
36.  Century Savings  1.11136
37.  CARD SME Bank  1.07840
38.  Isla Bank  1.03638
39.  Dumaguete City Development      1.02837

Notes:
1. In the previous quarter (April-June 2013), Allied Savings Bank rose from No. 20 to No. 11. As of September 2013, it fell to No. 12.

2. Allied Savings Bank retained its name after the merger of PNB and Allied Bank in February 2013 and after becoming a fully owned subsidiary of PNB. In December 2013, PNB announced it is infusing an additional equity of 10 billion pesos into Allied Savings Bank.

First Bank Failure in 2014

Silangan Savings and Loan Bank Inc., which held office along J.P. Rizal St., Silang, Cavite, was closed by the BSP on January 9, 2014.
The financial statement form of Silangan Savings on bsp.gov.ph has been left blank since 2009, or probably even earlier, as mentioned in this ranking of Smaller Savings Banks in 2012.  This could be an indicator of a bank about to fail: it is not able to submit its periodic financial statements to the BSP on time.

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