Here are the Top Banks in the Philippines, based on Total Assets as of March 2013, as published by the BSP.
BDO is still the biggest bank, and still the only bank that has surpassed the ONE-TRILLION-PESO mark in Total Assets, despite dropping in total assets from the previous quarter.
PNB moved up from No. 6 to No. 5 after its Total Assets significantly increased, mostly arising from the completion of its merger with Allied Bank in February 2013.
Many banks dropped in total assets over the quarter, but most of them maintained their
|BILLION PESOS||Dec 2012|
|18||JP MORGAN CHASE||73.502||18|
|No. 21 to No. 32|
|25||BANK of TOKYO||46.149||26|
|31||BANK OF AMERICA||17.099||32|
|No. 33 to No. 36|
|34||BANK OF CHINA||6.707||36|
PNB moved up to No. 5 in Assets in March 2013, with a total of 537.638 billion in assets as of March 2013, after completing its merger with Allied Bank in February 2013.
In the previous quarter, PNB was No. 6 by Assets, with a total of 323.843 billion while Allied Bank was No. 14 by Assets, with a total of 172.823 billion.
Standard Chartered moved up over the quarter in ranking by 3 levels, from No. 20 to No. 17
Maybank moved up in ranking by 3 levels, from No. 24 to No. 21
Mizuho moved up in ranking by 3 levels, from No. 29 to No. 26
Technically, these 3 banks moved up by 2 levels, as previously No. 14 Allied Bank was acquired by PNB in February 2013