Finally, after a long time, the BSP has decided to publish the balance sheets of rural banks. I'm glad that when I checked my previous ranking of rural banks using data from various sources, I got most of the leading rural banks correct.
I heard an argument before that publishing rural banks' rankings will have a bad impact on rural banks, like maybe killing the smallest rural banks. On the contrary, ranking the top rural banks will inspire more competition, more efforts to be efficient and innovative, and hopefully lead to mergers and consolidations that will give rise to stronger rural banks.
Here are the Top Rural Banks in the Philippines, based on Total Depositsas of September 2016, as published by the BSP on its website.
|RANK||RURAL BANK||TOTAL DEPOSITS|
|1||One Network Bank||22.65|
|2||East West Rural Bank||9.77|
|4||Guagua Rural Bank||3.03|
|5||Quezon Capital RB||2.82|
|6||First Isabela Coop Bank||2.03|
|7||AMA Rural Bank of Mandaluyong||2.00|
|8||GM Bank of Luzon||1.93|
|9||BOF Inc. A Rural Bank||1.87|
|12||Metro South Coop Bank||1.63|
|13||Country Builders Bank||1.56|
|14||Agribusiness Rural Bank||1.53|
|18||RB of Porac (Pampanga)||1.15|
|21||RB of Cauayan||938.96|
|22||Insular Savers Bank||937.24|
|23||RB of Pandi (Bulacan)||915.92|
|25||Consolidated Cooperative Bank||874.46|
|26||Mt Carmel Rural Bank||852.73|
|29||RB of central Pangasinan||817.32|
|30||Imus Rural Bank||793.28|
|31||RB of Magdalena (Laguna)||779.77|
|32||Aspac Rural Bank||773.17|
|34||RB of Angeles||738.93|
|35||Gateway Rural Bank||703.46|
|36||First Tagum Rural Bank||673.56|
|37||RB of Barili (Cebu)||653.29|
|38||1st Macro Bank||652.63|
|39||Mount Makiling Rural Bank||642.26|
|40||Coop Bank of Cotabato||641.09|
|41||Bankways Inc. (A Rural Bank)||629.87|
|42||Zambales Rural Bank||626.78|
|43||Marayo Bank Inc. (A Rural Bank)||606.49|
|45||Valiant Bank Inc. (A Rural Bank)||595.16|
|46||Cooperative Rural Bank of Misamis Oriental||583.79|
|47||Coop Bank of Benguet (CBB)||573.63|
|48||Highland Rural Bank||514.43|
|49||RB of Bambang (Nueva Vizcaya)||513.31|
|50||Lifebank - A Rural Bank||512.60|
|52||Coop Bank of Quezon Province||500.78|
Top Rural Banks in the Philippines, by TOTAL ASSETS, as of September 2016
Complete Names of Banks with Longer Names:
One Network Bank Inc. (A Rural Bank)
Card Bank Inc. (A MF RB)
First Isabela Coob Bank Inc. (FicoBank)
GM Bank of Luzon Inc. (A Rural Bank)
Banco Dipolog Inc. (A Rural Bank)
Rang-ay Bank Inc. (A Rural Bank)
Country Builders Bank Inc. (A Rural Bank)
Cantilan Bank Inc. (A Rural Bank)
Summit Bank (RB of Tublay Inc.)
Bangko Mabuhay (A Rural Bank) Inc.
Katipunan Bank "A Rural Bank"
MVSM Bank (A Rural Bank Since 1953) Inc.
Insular Savers Bank Inc. (A Rural Bank)
Rizal Bank A Microfinance-Oriented Rural Bank
PlanBank "RB of canlubang Planters Inc"
RB of central Pangasinan (Bayambang) Inc.
Camalig Bank Inc. (A Rural Bank)
1st Macro Bank Inc. (A Rural Bank)