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

2 Comments

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  1. I thought unionbank is a savings bank. It is not included in the lists. I love the services it offers.

  2. Union Bank has higher capitalization than a savings bank. It's a universal bank — offers commercial banking and investment banking. It's one of the top ten banks in the Philippines.

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