There are now four trillionaire Philippine banks -- BDO, Metrobank, BPI and Landbank.
Landbank joined BDO, Metrobank and BPI in their 4-member-only trillionaire club in December 2014.
Which bank will be the next trillionaire? And when?
BDO first surpassed the one-trillion-peso-asset mark in June 2011.
Metrobank did in September 2013.
BPI did in June 2014.
Landbank did in December 2014.
PNB moved up to No. 5 in March 2013, after completing its merger with sister company Allied Bank in February 2013.
Allied Savings Bank is now PNB Savings Bank.
TOP 17 Banks -- Banks with Over One Hundred Billion in Total Assets
|DEC 2014||BILLION PESOS||SEP 2014|
|No. 18 to No. 33|
|21||BANK of TOKYO||55.716||23|
|23||JP MORGAN CHASE||54.215||22|
|31||BANK OF CHINA||17.455||31|
|32||BANK OF AMERICA||15.219||32|
|No. 34 to No. 36|
If the proposed merger of Landbank and DBP gets the approval of legislators and the President, with Landbank as the surviving entity, then Landbank becomes the Second Biggest Bank in terms of assets.
I saw an article here that opposes the merger: LBP-DBP merger an unsound move, by Rudy Romero
Top banks in the Philippines, by assets as of December 2014