As of January 20, 2018
As of January 20, 2018, there are 587 banks in the Philippines
(number of head offices, excluding branches).
| Type of | Number of | Number of | |
| Bank | Head Offices | Branch Offices | |
| 1. | Universal Banks | 21 | |
| a. Private Domestic Banks | 12 | ||
| b. Government Banks | 3 | ||
| c. Foreign Bank Branches | 6 | ||
| 2. | Commercial Banks | 22 | |
| a. Private Domestic Banks | 5 | ||
| b. Foreign Bank Subsidiaries | 2 | ||
| c. Foreign Bank Branches | 15 | ||
| TOTAL No. of Universal | |||
| and Commercial Banks | 43 | ||
| 3. | Savings Banks | 55 | |
| 4. | Rural Banks | 489 | |
| a. Rural Banks | 464 | ||
| b. Cooperative Banks | 25 | ||
| TOTAL No. of BANKS | 587 |
As of November 19, 2015:
Compared to data in 2013, as seen below:
. There’s no change in the number of universal banks.
. The number of private domestic commercial banks changed from
6 to 5 after Allied Bank was merged into PNB.
. The number of foreign bank subsidiaries increased from 8 to 12 after
4 foreign banks launched their branches in the Philippines in 2015.
Two more foreign branches are expected to operate in the country.
. The number of rural banks decreased after more than 60 rural banks
were closed down by the BSP.
| Type of | Number of | Number of | |
| Bank | Head Offices | Branch Offices | |
| 1. | Universal Banks | 21 | |
| a. Private Domestic Banks | 12 | ||
| b. Government Banks | 3 | ||
| c. Foreign Bank Branches | 6 | ||
| 2. | Commercial Banks | 19 | |
| a. Private Domestic Banks | 5 | ||
| b. Foreign Bank Subsidiaries | 2 | ||
| c. Foreign Bank Branches | 12 | ||
| ALL Universal and | |||
| Commercial Banks | 40 | 5,547 | |
| 3. | Savings Banks | 69 | 1,808 |
| 4. | Rural Banks | 532 | 2,037 |
| and Cooperative Banks | |||
| ALL BANKS | 664 | 9,456 |
As of March 2013:
As of March 2013, there are 705 banks in the Philippines, according to the Bangko Sentral ng Pilipinas. These banks have a combined total of 8,596 branches and 10,997 ATMs.
| Type of | Number of | Number of | |
| Bank | Head Offices | Branch Offices | |
| 1. | Universal Banks | 21 | 4,492 |
| a. Private Domestic Banks | 12 | 4,028 | |
| b. Government Banks | 3 | 453 | |
| c. Foreign Bank Branches | 6 | 11 | |
| 2. | Commercial Banks | 16 | 499 |
| a. Private Domestic Banks | 6 | 419 | |
| b. Foreign Bank Subsidiaries | 2 | 75 | |
| c. Foreign Bank Branches | 8 | 5 | |
| Universal and | |||
| Commercial Banks | 37 | 4,991 | |
| 3. | Savings Banks | 69 | 1,476 |
| 4. | Rural Banks | 599 | 2,129 |
| and Cooperative Banks | |||
| ALL BANKS | 705 | 8,596 |
Related Articles:
List of Banks in the Philippines — Universal Banks, Commercial Banks
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks
May we know your source of this information?
Hi Sheila, I included my source in the first line of my post — it's based on data from the BSP — bsp.gov.ph
And now that you've asked about it, I realized I need to update the information. Thanks for commenting.
Thank you so much! May you please include the link in the post? We would like to use your information here in your blog but we can't find it in the website of BSP. Thank you so much!