based on Total Assets as of December 2015.
|8.||Bank of Makati||27.916||8|
|9.||China Bank Savings||27.253||10|
|14.||BPI Direct Savings||13.791||14|
|No. 18 to|
|20.||Malayan Bank Savings||7.045||18|
|21.||1st Valley Bank||6.919||21|
|25.||CARD SME Bank||2.377||28|
|30.||Queen City Development||1.888||29|
|33.||Bank One Savings||1.469||34|
|36.||Dumaguete City Development||1.272||37|
|38||Merchants Savings and Loan Assn||1,019||41|
Ranking of Smaller Savings Banks (With Less Than 10 Billion Pesos)
No, 39 to No.
-- PNB Savings Bank is formerly Allied Savings Bank.
-- Security Bank Savings, formerly Premiere Development Bank, was acquired by its parent Security Bank in 2015.
-- Bank of Makati, formerly the No. 1 rural bank in the country,
started operating as a thrift bank in April 2015.
-- TongYang Savings Bank moved up by 9 levels, from No. 35 to No.26, over the quarter.
TongYang Savings, formerly Orion Savings Bank, was acquired by Taiwanese bank
Yuanta Commercial Bank. Yuanta was the fifth foreign bank that invested in the Philippines following the enactment of the banking liberalization law in 2014.