Top 20 Banks in the Philippines, by Assets June 2011

Banco de Oro BDO has surpassed the one-trillion-peso mark in total assets, the only Philippine bank which has done it as of June 2011.

Here are the TOP 20 Banks in the Philippines, in the commercial and universal category, based on total assets as of JUNE 2011. Data is sourced from the Bangko Sentral ng Pilipinas.

RANK   BANK ASSETS in PREVIOUS
BILLION PESOS RANK
1 Banco de Oro Unibank Inc. BDO 1,009.673 1
2 Metropolitan Bank and Trust Co. METROBANK   782.458 2
3 Bank of the Philippine Islands BPI 698.012 3
4 Land Bank of the Philippines LANDBANK 609.537 4
5 Philippine National Bank PNB 332.808 5
6 Development Bank of the Philippines DBP 306.235 6
7 Rizal Commercial Banking Corp. RCBC 259.842 7
8 Union Bank of the Philippines UNION BANK 233.105 8
9 China Banking Corp CHINABANK 231.303 9
10 Citibank NA CITIBANK 219.918 10
11 Security Bank Corp. SECURITY BANK 211.237 11
12 United Coconut Planters Bank UCBP 179.647 12
13 Allied Banking Corp ALLIED BANK 161.291 13
14 Hongkong & Shanghai Banking Corp HSBC 131.456 14
15 Philippine Trust Co PHILTRUST  98.190 16
16 Bank of Commerce BANCOM 90.716 15
17 East West Banking Corp EASTWEST  83.118 17
18 Standard Chartered Bank STANDARD  62.968 18
19 Philippine Veterans Bank VETERANS  58.573 19
20 Deutsche Bank AG 47.650 21
21 Asia United Bank Corp. 47.387 20

It’s a positive mark on the Philippine banking sector and Philippine economy that a big majority of the banks significantly increased their assets as of June 2011. Compared to the previous quarter, where most banks dropped in assets, only 8 of the Top 20 banks dropped in total assets and 7 of them maintained their rankings. One bank, Deutsche Bank, even moved up by one level even if its assets dropped.

The banks that dropped in total assets as of June 2011 were the following:

  • RCBC
  • Union Bank
  • China Banking Corp.
  • Hongkong & Shanghai Banking Corp HSBC
  • Bancom, fell from 15th to 16th
  • Standard Chartered
  • Deutsche Bank, but moved up from 21st to 20th
  • Asia United Bank, fell from 20th to 21st

These 2 banks moved up:

  • Philtrust moved up from 16th to 15th, replacing Bancom
  • Deutsche Bank moved up from 21st to 20th, replacing United Bank, its arguably perennial rival for the 20th place

Related Articles:
Top 20 Banks in the Philippines, by Assets September 2011
Top 20 Banks in the Philippines, by Assets as of March 2011
Top 20 Banks in the Philippines Based on Assets Dec 2010

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