Top Thrift Banks in the Philippines in Total Assets as of June 2016
|4.||China Bank Savings||78.298||9|
|9.||Bank of Makati||28.309||8|
|13.||BPI Direct Savings||14.611||14|
|No. 17 to|
|18.||Malayan Bank Savings||7.490||20|
|20.||1st Valley Bank||6.729||21|
|24.||CARD SME Bank||2.605||28|
|28.||Queen City Development||2.173||29|
|31.||Bank One Savings||1.454||33|
|33.||Dumaguete City Development||1.373||37|
What Happened to Three Other Top Savings Banks?
. Planters Development Bank was acquired by China Bank in January 2014 and was merged into its thrift subsidiary China Bank Savings.
Planters was No. 6 in total assets as of June 2015. China Bank's acquisition of Planters Development Bank started in 2013 and merger was completed in 2016.
. ComSavings Bank, also named GSIS Family Bank A Thrift Bank, was closed down by the BSP on May 13, 2016
ComSavings Bank was No. 30 in total assets as of June 2015, with total assets of 1.56 billion pesos.
. United Overseas Bank was converted into a commercial bank, operating as Manila branch of Singapore-based United Overseas Bank Ltd. It applied for a branch license in 2014 and started operating as United Overseas Bank Ltd. Manila Branch (UOBL Manila Branch) on January 4, 2016.
United Overseas Bank was No. 26 in total assets as of June 2015, with total assets of 2.14 billion pesos