10.02.2017

18 Top Philippine Banks, Based on Assets June 2017

By Nora
Here are the 18 Top Banks in the Philippines based on Total Assets as of June 2017:

 Top Commercial/Universal Banks in the Philippines


The Big Four remains BDO, Metrobank, Landbank and BPI.
Security Bank has overtaken PNB in the race to No. 5.


RANK  

BANK

TOTAL ASSETS    

RANK
JUNEin BILLION   MARCH
2017PESOS2016
TOP 18
1 BDO2,325.1231
2 METROBANK1,620.6562
3 LANDBANK1,483.5313
4 BPI1,432.2684
5 SECURITY BANK  774.3886
6 PNB  773.6465
7 CHINABANK  572.3448
8 DBP  533.3707
9 UNION BANK  486.93810
10 RCBC  427.4509
11 CITIBANK  314.62911
12 UCBP  310.73212
13 EASTWEST  292.96313
14 AUB    185.93615
15 HSBC   171.70814
16 PHILTRUST   155.51516
17 BCOMMERCE   131.30917
18 MAYBANK   101.73219
No. 19 to
No. 34
19 PBCOM    89.15320
20 ROBINSONS BANK   85.28921
21 BDO PRIVATE   72.06726
22 BANK of TOKYO   67.54018
23 MIZUHO   67.50925
24 DEUTSCHE BANK   51.67024
25 VETERANS    49.46023
26 STANDARD CHARTERED      49.11622
27 ANZ   46.76428
28 JP MORGAN CHASE   42.44427
29 CTBC PHILS   38.87029
30 SUMITOMO MITSUI   25.41931
31 ING BANK   19.89730
32 BANK OF AMERICA   19.42732
33 BANK OF CHINA   14.88034
34 MEGA ICB   14.11233
No. 35 to
No. 42
35 BANGKOK BANK   8.37235
36 KEB HANA BANK   8.17336
37 CATHAY UNITED    4.48540
38 INDUSTRIAL BANK of KOREA    3.71839
39 UNITED OVERSEAS    3.63337
40 SHINHAN BANK    2.884 38
41 FIRST COMMERCIAL   2.04941
42 AL-AMANAH   0.69841

Notes:
. KEB Hana Bank was formerly Korea Exchange Bank (KEB). KEB changed its name to KEB Hana Bank in July 2016 to reflect its acquisition by Hana Financial Group in 2012.
. Taiwanese bank First Commercial Bank Ltd. opened its Manila Branch in January 2017

Nine foreign banks have established operations in the Philippines since the passage of RA 10641 in July 2014. The law allowed the entry of foreign banks that could account for up to 40% of the banking industry's assets.
1. Sumitomo Mitsui of Japan
2. Shinhan Bank of South Korea
3. Cathay United Bank of Taiwan
4. Industrial Bank of Korea
5. Yuanta Bank of Taiwan
6. United Overseas Bank Ltd. of Singapore
7. Woori Bank of Korea
8. Hua Nan Commercial Bank Ltd. of Taiwan
9. First Commercial Bank Ltd.

There are now four Korean banks in the Philippines:
1. KEB Hana Bank
2. Woori Bank
3. Shinhan Bank
4. Industrial Bank of Korea

Previous Ranking: Top Banks, by Assets as of December 2015
US Dollar Accounts with Low Maintaining Balances 
Biggest Bank Failures in the Philippines

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