11.07.2016

Top 35 Savings Banks, Based on Assets June 2016

By Nora
Here are the TOP 35 SAVINGS BANKS in the Philippines, based on Total Assets as of JUNE 2016.

Top Thrift Banks in the Philippines in Total Assets as of June 2016

RANK         BANKASSETSRANK
JUNEBILLION       JUNE
2016PESOS2015
 1.BPI Family283.3661
 2.PSBank175.3292
 3.RCBC Savings 92.6353
 4.China Bank Savings 78.2989
 5.City Savings 68.1865
 6.Philippine Business 64.0934
 7.Sterling Bank 30.2617
 8.PNB Savings 30.15511
 9.Bank of Makati 28.3098
10.HSBC Savings 20.14210
11.First Consolidated 15.15412
12.UCPB Savings 15.05613
13.BPI Direct Savings 14.61114
14.Philippine Postal 12.11716
15.PR Savings 11.24615
16.Producers Savings 10.01917
No. 17 to
No. 35
17.Equicom Savings  7.84719
18.Malayan Bank Savings  7.49020
19.Wealth Development  7.34518
20.1st Valley Bank  6.72921
21.Luzon Development  5.85422
22.Citystate Savings  4.25323
23.Penbank  2.68624
24.CARD SME Bank  2.60528
25.Legazpi Savings  2.35427
26.TongYang Savings  2.24436
27.Enterprise Bank  2.18625
28.Queen City Development  2.17329
29.Optimum Development  1.77931
30.Century Savings  1.58634
31.Bank One Savings  1.45433
32.Hiyas Banking  1.42232
33.Dumaguete City Development        1.37337
34.Isla Bank  1.26535
35.Merchants Savings  1.00341



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

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