Finally, Metrobank surpassed the one-trillion-peso asset mark!
And became one of the two biggest commercial/universal banks in the Philippines, based on total assets as of September 2013.
Now there are two trillionaire Philippine banks — BDO and Metrobank.
When are BPI, Landbank and PNB are going to catch up?
BDO first surpassed the one-trillion-peso-asset mark back in June 2011 — more than 2 years before any other Philippine bank did.
PNB broke into the Top 5 list in the first quarter of 2013 after finalizing its merger with sister company Allied Bank in February 2013.
TOP 17 — Banks with Over One Hundred Billion in Total Assets
|No. 18 to No. 32|
|24||BANK of TOKYO||51.254||25|
|25||JP MORGAN CHASE||49.686||21|
|31||BANK OF AMERICA||17.160||31|
|No. 33 to No. 36|
|34||BANK OF CHINA||8.975||33|
Source of data: bsp.gov.ph
1. Metrobank first surpassed the one-trillion-asset mark this quarter, September 2013.
2. Chinatrust (Philippines) Commercial Bank Corporation changed its English corporate name to CTBC Bank (Philippines) Corp. (CTBC Bank) in November 2013. Its parent holding company, CTBC Financial Holding Co., Ltd. (formerly Chinatrust Financial Holding Co., Ltd.) is one of the 200 biggest banks in the world in terms of capital and the most awarded bank in Taiwan. CTBC Bank (Philippines) Corp. started in 1995.
3. PNB was No. 6 based on total assets in the 2nd, 3rd and 4th quarters of 2012. After acquiring Allied Bank in February 2013, it moved up to No. 5
4. Allied Bank’s thrift subsidiary Allied Savings Bank is still named Allied Savings Bank in BSP’s list of thrift banks.
Biggest Universal/Commercial Banks in the Philippines based on total assets as of December 2013.