11.07.2016

Ranking of Smaller Savings Banks, by Assets as of June 2016

By Nora
Here's a ranking of the smaller savings banks in the Philippines, based on assets as of June 2016. These are banks with less than 1 billion in total assets.

The ranking for the bigger savings banks (No. 1 to No. 35), is here:
Top Savings Banks, by Assets, June 2016

The following banks are savings banks with less than 1 billion in total assets as of JUNE 2016.

RANK          BANKASSETSRANK
JUNEin MILLIONJUNE
2016PESOS2015
36University Savings Bank876.7642
37World Partners Bank829.3339
38Sun Savings Bank769.4544
39Farmers Savings and Loan Bank584.5243
40Northpoint Development Bank567.2348
41Village Bank548.3745
42BPI Globe Banko464.0738
43Palawan Bank450.7847
44Tower Development Bank437.3249
45Opportunity Kauswagan Bank403.7746
46Cordillera Savings Bank388.4550
47Pampanga Development Bank387.9152
48Bataan Development Bank380.3555
49Business and Consumers Bank310.0853
50Life Savings Bank266.6654
51Bataan Savings and Loan Bank240.8154
52Inter-Asia Development Bank230.2257
53Pacific Ace Savings Bank224.8761
54Lemery Savings and Loan Bank221.9158
55Metro Cebu Public Savings Bank199.9856
56Dungganon Bank191.1259
57Maritime Savings Bank168.8462
58Phil Star Development Bank133.6163
59Microfinance Maximum Savings Bank    128.0460
60Malasiqui Progressive Savings124.7864
61Quezon Coconut Bank104.2166
62Sampaguita Savings Bank 69.3468
63MBank Philippines 54.4265

What Happened to 5 Thrift Banks?
One year ago, in June 2015, there were 68 banks, now there are only 63 banks, what happened to 5 thrift banks?

. Planters Development Bank was acquired by China Bank and merged into its savings bank China Bank Savings.

. ComSavings Bank, or GSIS Family Bank, was closed down by the BSP.

. United Overseas Bank upgraded into a commercial bank branch of Singapore-based bank UOBL.

More info on the above 3 banks: What Happened to other top 3 Savings Banks?

. BDO Elite Savings Bank was consolidated into BDO's investment house BDO Capital and Investment Corp. together with Banco De Oro Savings Bank Inc. in July 2016.
  BDO Elite was No. 40 in assets as of June 2015, with total assets of 813.19 million.
  Banco de Oro Savings Bank was the former Citibank Savings which BDO acquired. Its thrift bank license was revoked on May 16, 2016, so it can apply to conduct trust and fiduciary business.

. Progress Savings and Loan Bank Inc. voluntarily surrendered its banking license. It requested for the cancellation of its banking license and the request was approved by the BSP.
It was No. 67 out of 68 thrift banks in the June 2015 list, with total assets of 96.97 million.

Notes:
BPI Globe Banko was No. 38 in total assets as of June 2015, with total assets of 1.03 billion pesos.
BPI increased to 100% its stake in BPI Globe Banko within the last months of 2015 by buying the 40% share of its sister company Globe Telecom and the 20% share of its parent company Ayala Corp.

0 comments:

Post a Comment

Please write your comment. Then click Publish. Login to Gmail. Click Publish again.
Your Gmail address will not be displayed online. It will not be seen by me.
If already logged in to Gmail, just click Publish after commenting, and your comment will be quickly published.