Here are the top savings banks in the Philippines, based on Total Assets as of December 2010.
We did the ranking of thrift banks, based on the banks’ balance sheets as of December 2010, published by the Bangko Sentral ng Pilipinas.
|Rank Savings Bank||Assets in Billion Pesos|
|1. BPI Family Savings Bank||138.696|
|2. Philippine Savings Bank (PSBank)||103.419|
|3. RCBC Savings Bank||57.816|
|4. Planters Development Bank||50.755|
|5. HSBC Savings Bank (Phils)||25.390|
|6. Sterling Bank of Asia||23.675|
|7. Philippine Business Bank||22.153|
|8. Robinsons Savings Bank||21.854|
|9. The Real Bank||11.881|
|10. City Savings Bank||8.994|
|11. First Consolidated Bank||7.322|
|12. Citibank Savings||7.003|
|13. LBC Development Bank||6.391 *****|
|14. UCPB Savings Bank||6.168|
|15. Malayan Bank Savings & Mortgage Bank||5.968|
|16. BPI Direct Savings Bank||5.889|
|17. Producers Savings Bank||5.788|
|18. Premiere Development Bank||5.455|
|19. Philippine Postal Savings Bank||5.317|
|20. China Savings Bank||5.103|
|21. Equicom Savings Bank||3.998|
|22. GSIS Family Bank||3.575|
|23. Allied Savings Bank||3.488|
|24. Luzon Development Bank||2.485|
|25. Citystate Savings Bank||2.475|
|26. United Overseas Bank Phils||2.439|
|27. Wealth Bank A Development Bank||2.060|
|28. Legaspi Savings Bank||1.912|
|29. BDO Elite Savings Bank||1.474|
|30. Queen City Development Bank||1.439|
|31. World Partners Bank||1.334|
|32. Tong Yang Savings Bank||1.246|
|33. Hiyas Savings and Loan Bank||1.238|
|34. Optimum Development Bank||1.157|
|35. BPI Globe Banko Savings Bank||1.132|
|36. Bank One Savings||1.121|
|37. Dumaguete City Development Bank||1.079|
|38. Isla Bank||1.062|
|39. Century Savings Bank||1.061|
***** LBC Development Bank was closed by the Bangko Sentral ng Pilipinas and put under Philippine Deposit Insurance Corp. receivership on September 9, 2011.
Note: The balance sheet forms of the following banks on the Bangko Sentral ng Pilipinas website ARE NOT filled out.
1. Asiatrust Development Bank
The net earnings of Asiatrust Bank dropped to 22.5 million pesos in 2009 from 125.3 million pesos in 2008, due partly to a 20-percent drop in loans.
It was reported in 2010 that BDO was interested in investing in Asiatrust, but a recent BDO disclosure said that there are no ongoing talks and that BDO was still awaiting regulatory guidelines concerning investing in Asiatrust.
2. Express Savings Bank
This bank is involved in a 2010 complaint filed against Local Water Utilities Administration (LWUA) Chairman Prospero Pichay. The bank was already financially troubled, incurring millions in losses from 2005 to 2009, but LWUA still invested a total of 780 million pesos in the bank in 2008 and in 2009.
Note: July 7, 2011 — Express Savings Bank was closed by the BSP due to its financial problems and placed under PDIC receivership. As of March 2011, it has total deposit liabilities of more than 608 million pesos owed to 2,673 accounts. More than half of accountholders have deposit balances of 10,000 pesos or lower.
3. Silangan Savings & Loan Association Inc.