Rankings of Smaller Savings Banks in the Philippines

Here are rankings of smaller savings banks in the Philippines, starting in 2012 when there were around 70 savings banks operating. These are banks with less than 1 billion in total assets.

Ranking of smaller savings banks as of JUNE 2016.

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 Its thrift bank license was revoked on May 16, 2016, so it can apply to conduct trust and fiduciary business.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.
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Ranking of Smaller Savings Banks in the Philippines, by Assets, Sep 2015

These are banks with less than 1 billion in total assets.

The following banks are savings banks with less than 1 billion in total assets as of September 2015.

NOTES: 


  No. 40   BPI Globe Banko was not ranked in the Sep 2014 ranking.
  
  No. 62   Phil Star Development Bank was ranked the same in the September 2014 asset ranking under its previous name Pride Star Development Bank. Change of name was authorized by the BSP on February 26, 2014 and was approved by the SEC in July 2014.

 No. 63  Microfinance Maximum Savings Bank was not ranked in the Sep 2014 ranking

 No. 64  MBank Philippines 
first appeared on the March 2015 asset ranking.
MBank started its operations as a microfinance-oriented thrift bank on October 16, 2013.

 BDO Elite Savings Bank was No. 40 in the September 2014 asset ranking. Its request for the cancellation of its banking and trust licenses was approved by the BSP in August 2015.

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Ranking of Smaller Savings Banks in the Philippines, by Assets Dec 2014

These are banks with less than 1 billion in total assets.

The following banks are savings banks with less than 1 billion in total assets as of December 2014.

NOTES: 
.  Pride Star Development Bank changed its name to Phil Star Development Bank after getting BSP approval on February 26, 2014.
.  Microfinance Maximum Savings Bank, also known as MaxBank, with main branch in Puerto Galera, Oriental Mindorom, and 3 other branches in Batangas City, Calapan City and Makati City, ranked No. 67 in March 2014, with 112 million pesos in total assets. It’s not in the list above, most likely due to report submission issues.

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Ranking of Smaller Savings Banks in the Philippines, by Assets, March 2014

The following 29 banks are savings banks with less than 1 billion in total assets
as of March 2014.

Savings Banks ranked No. 1 to No. 40
have more than 1 billion in total assets as of March 2014
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Ranking of Smaller Savings Banks in the Philippines, Assets June 2012

These savings banks have less than 1 Billion Pesos in Total Assets as of June 2012, based on banks’ financial statements published on the Bangko Sentral ng Pilipinas website.

RANK     SAVINGS BANK                     ASSETS     RANK
in MILLION   Dec
PESOS      2011

40.   Card SME Bank, A Thrift Bank               816            41
41.   Farmers Savings and Loan Bank            657            40
42.   University Savings Bank                         645            39
43.   Opportunity Kauswagan Bank,
A Microfinance Thrift Bank                     457            42
44.   Village Bank, A Thrift Bank                   425             43
45.   Cordillera Savings Bank                         392             44
46.   Bataan Development Bank                     336             46
47.   Iloilo City Development Bank                 316             45
48.   Bataan Savings
and Loan Bank                                        263            49
49.   Life Savings Bank                                   246            51
50.   Pampanga Development Bank                   246         48
51.   Business and Consumers Bank
A Development Bank                              245            50
52.   Lemery Savings and Loan Bank              196            53
53.   Metro Cebu Public Savings Bank            191           52
54.   Tower Development Bank                       186           54
55.   Maritime Savings Bank                            177           56
56.   Pacific Ace Savings Bank                        173           55
57.   Sun Savings Bank                                    141           61
58.   Progress Savings and Loan Bank             135           57
59.   Malasiqui Progressive Savings
and Loan Bank                                         131          58
60.   Pride Star Development Bank                  117          59
61.   Dungganon Bank, A Microfinance
Thrift Bank                                                111          64
62.   Microfinance Maximum
Savings Bank                                              110           62
63.   Sampaguita Savings Bank                        109          60
64.   Quezon Coconut Producers
Savings and Loan Bank                              99          63
65.   Silangan Savings and Loan Bank               86            –
66.   Northpoint Development Bank                   52           65

Note:
Liberty Savings Bank, located in Bulacan, which was previously 47th in assets as of December 2011, changed to a rural bank named Liberty Bank, A Rural Bank in April 2012.

Source: Bangko Sentral ng Pilipinas