According to depositors as of December 2011, here are the best banks in the Philippines. Deposits mean votes towards banks. Sabi ng depositor, “Sa banko na ito, dito ko ilagay ang pera ko.”
Depositors have various reasons in choosing a bank in which to deposit their money:
– It’s one of the biggest banks
– It’s near my house, my work or my business
– It offers higher time deposit rates
– It has a lot of ATMs. It’s everywhere
– It’s in the mall where I usually go, and it’s even open on weekends and holidays
– It has remittance partners in the country where I work
– It’s recommended by my friend or relative
– It’s where my payroll account is
– It has an instant-credit ATM deposit system
– I’ve heard it gives out scholarships and manages social programs
– Etc.
Here are the 37 Commercial/Universal Banks in the Philippines, ranked based on Total Deposits as of December 2011, as published on the BSP website.
Rank Bank Deposits Rank Rank
Billion Mar Dec
2011 2010
1 BDO 837.008 1 1
2 METROBANK 581.636 2 3
3 BPI 544.480 3 2
4 LANDBANK 507.311 4 4
5 PNB 238.070 5 5
6 CHINABANK 211.973 7 6
7 UNION BANK 206.770 6 7
8 RCBC 204.040 8 8
9 UCBP 160.960 9 9
10 DBP 158.370 12 11
11 CITIBANK 141.962 11 12
12 ALLIED BANK 135.663 10 10
13 SECURITY BANK 120.008 13 13
14 PHILTRUST 87.595 15 16
15 HSBC 82.908 16 14
16 EASTWEST 75.693 17 17
17 BANCOM 71.808 14 15
18 VETERANS 44.753 18 18
19 AUB 38.082 20 19
20 STANDARD CHTRD 31.229 19 20
21 MAYBANK 29.680
22 BANK OF TOKYO 28.540
23 PBCOM 27.818
24 MIZUHO MANILA 25.624
25 ROBINSONS 25.188
26 ANZ 22.032
27 BDO PRIVATE BANK 21.288
28 JP MORGAN CHASE 19.535
29 DEUTSCHE BANK 17.919
30 CHINATRUST 17.281
31 BANK OF AMERICA 11.634
32 KOREA EXCHANGE 4.448
33 BANK OF CHINA MLA 4.407
34 MEGA INTERNATIONAL 1.716
35 BANGKOK BANK MLA 1.680
36 ING BANK 0.659
37 AL-AMANAH ISLAMIC 0.237
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