Here are the top savings banks in the Philippines based on total assets as of March 2011, published by the Bangko Sentral ng Pilipinas on its website.
Rank Savings Bank | Assets in Billion Pesos | |
As of Dec 2010 | as of March 2011 | |
1. BPI Family Savings Bank | 138.696 | 126.472 |
2. Philippine Savings Bank (PSBank) | 103.419 | 103.696 |
3. RCBC Savings Bank | 57.816 | 52.894 |
4. Planters Development Bank | 50.755 | 51.803 |
5. HSBC Savings Bank (Phils) | 25.390 | 26.514 |
6. Sterling Bank of Asia | 23.675 | 24.133 |
7. Philippine Business Bank | 22.153 | 23.170 |
8. Robinsons Savings Bank | 21.854 | 23.069 |
9. The Real Bank | 11.881 | 10.795 |
10. Citibank Savings | 7.003 | 9.942 |
11. City Savings Bank | 8.994 | 9.377 |
12. First Consolidated Bank | 7.322 | 7.060 |
13. BPI Direct Savings Bank | 5.889 | 6.288 |
14. UCPB Savings Bank | 6.168 | 6.094 |
15. Malayan Bank Savings & Mortgage Bank | 5.968 | 5.706 |
16. China Savings Bank | 5.103 | 5.512 |
17. Premiere Development Bank | 5.455 | 5.255 |
18. Philippine Postal Savings Bank | 5.317 | 5.184 |
19. Producers Savings Bank | 5.788 | 4.576 |
20. Equicom Savings Bank | 3.998 | 4.091 |
21. Allied Savings Bank | 3.488 | 4.065 |
22. Citystate Savings Bank | 2.475 | 3.496 |
23. GSIS Family Bank | 3.575 | 2.582 |
24. Luzon Development Bank | 2.485 | 2.479 |
25. United Overseas Bank Phils | 2.439 | 2.287 |
26. Wealth Bank A Development Bank | 2.060 | 2.029 |
27. Legaspi Savings Bank | 1.912 | 1.907 |
28 Penbank Inc. | 1.628 | |
29. BDO Elite Savings Bank | 1.474 | 1.482 |
30. Queen City Development Bank | 1.439 | 1.462 |
31. World Partners Bank | 1.334 | 1.354 |
32. Tong Yang Savings Bank | 1.246 | 1.334 |
33. BPI Globe Banko Savings Bank | 1.132 | 1.293 |
34. Dumaguete City Development Bank | 1.079 | 1.240 |
35. Hiyas Savings and Loan Bank | 1.238 | 1.216 |
36. Optimum Development Bank | 1.157 | 1.131 |
37. Isla Bank | 1.062 | 1.095 |
38. Century Savings Bank | 1.061 | 1.074 |
39. Bank One Savings | 1.121 | 1.070 |
*** Penbank, Inc. A Private Development Bank was formerly Peninsula Rural Bank, Inc.
*** LBC Development Bank, ranked 13th as of December 2010, with total assets of 6.391 billion pesos as of December 2010, was closed by the Bangko Sentral ng Pilipinas on September 9, 2011. Its return on equity as of December 2010 was 0.47 percent and its ratio of non-performing loans to total loan portfolio was 27.29 percent.
***The savings banks that had blank March 2011 financial sheets on the BSP website were the following:
Silangan Savings and Loan Bank, Inc., a one-office bank in Silang, Cavite, has had no financial reports on the BSP website since December 2009, and possibly earlier. (I researched only up to Dec 2009)
Inter-Asia Development Bank, a two-office bank in Tagaytay City, had total assets of 88.419 million pesos and a return on equity of -25.19 percent as of December 2010.
Related Articles:
Top Savings Banks in the Philippines by Assets December 2010
Top Savings Banks in the Philippines by ROE December 2010
Top 20 Banks in the Philippines by Assets March 2011