Top 39 Savings Banks in the Philippines, Assets June 2012

Here are the Top 39 Savings Banks in the Philippines, based on Total Assets as of

June 2012. Ranking is based on balance sheets published by the Bangko Sentral ng

Pilipinas (BSP).

39 out of 66 savings banks in the Philippines surpassed the one-billion-peso mark in total assets as of June 2012.

Rank   Savings Bank	Assets	Previous
	in BILLION	Rank
	Pesos
1.  BPI Family Savings Bank	170.351	1
2.  Philippine Savings Bank
(PSBank)	112.989	2
3.  RCBC Savings Bank	58.345	3
4.  Planters Development Bank	53.063	4
5.  Philippine Business Bank	28.248	5
6.  Sterling Bank of Asia	27.628	6
7.  HSBC Savings Bank (Phils)	24.388	7
8.  City Savings Bank	14.793	8
9.  Citibank Savings	11.967	9
10. First Consolidated Bank	9.340	11
11. BPI Direct Savings Bank	8.990	12
12. Philippine Resources Savings
Banking Corp. (PR Savings Bank)	7.957	13
13. China Bank Savings	7.598	15
14. UCPB Savings Bank	7.289	17
15. Philippine Postal Savings Bank	5.966	16
16. Malayan Bank Savings
& Mortgage Bank	5.640	18
17. Security Bank Savings	5.404	19
18. Producers Savings Bank	4.677	21
19. Equicom Savings Bank	4.385	20
20. Allied Savings Bank	3.994	22
21. Luzon Development Bank	2.714	23
22. BPI Globe Banko Savings Bank	2.573	25
23. Wealth Development Bank	2.542	24
24. Citystate Savings Bank	2.539	26
25. Legazpi Savings Bank	2.063	28
26. ComSavings Bank	1.891	29
27. Penbank Inc.	1.876	30
28. United Overseas Bank Phils	1.797	27
29. Queen City Development Bank	1.782	31
30. BDO Elite Savings Bank	1.530	32
31. Tong Yang Savings Bank	1.442	33
32. Hiyas Banking Corp.	1.228	34
33. Optimum Development Bank	1.220	35
34. World Partners Bank	1.217	36
35. Century Savings Bank	1.110	37
36. Merchants Savings and
Loan Association	1.068	41
37. Isla Bank, A Thrift Bank	1.060	39
38. Bank One Savings and Trust	1.048	38
39. Dumaguete City Development Bank	1.029	40

Notes:
Premiere Development Bank, 19th in assets as of March 2012, was acquired by

Security Bank and renamed Security Bank Savings. The acquisition process was

announced online in June 2011.

Security Bank Savings was formerly Premiere Development Bank. It’s now a

subsidiary of Security Bank. 

ComSavings Bank is GSIS Family Bank. ComSavings Bank was the previous name of GSIS

Family Bank. I’m puzzled why it is now the name being used. Its website still use

the name GSIS Family Bank.

Real Bank, which was previously 10th in assets as of March 2012, is nowhere in the above list. It’s puzzling.
Nevertheless, it has been reported online last November that former Philippine Deposit Insurance Corp. (PDIC) chief executive Jose C. Nograles has been appointed to The Real Bank’s board of directors.

Top Savings Banks in the Philippines June 2012