39 Top Savings Banks, by Assets, Sep 2013

Here are the 39 top savings banks in the Philippines, based on total assets as of September 2013, sourced from data published by the Bangko Sentral ng Pilipinas on its website.

Only these 39 savings banks out of 69 savings banks or thrift banks surpassed the
one-billion-peso mark in total assets as of September 2013.

RANK    BANK ASSETS RANK
SEP BILLION     JUNE
2013 PESOS 2013
 1.  BPI Family 207.166 1
 2.  PSBank 123.804 2
 3.  RCBC Savings  65.927 3
 4.  Planters Development  53.248 4
 5.  Philippine Business  44.056 5
 6.  City Savings  26.527 8
 7.  HSBC Savings  26.305 7
 8.  Sterling Bank  23.642 6
 9.  China Bank Savings  13.038 9
10.  Citibank Savings  11.947 10
11.  BPI Direct Savings  11.441 13
12.  Allied Savings  10.711 11
13.  UCPB Savings  10.050 14
14.  First Consolidated   9.952 12
15.  PR Savings   9.094 15
16.  Real Bank   7.603 16
17.  Security Bank Savings   7.548 17
18.  Philippine Postal   7.177 18
19.  Malayan Bank Savings   6.940 20
20.  Producers Savings   6.373 19
21.  Equicom Savings   5.684 21
22.  Wealth Development   4.311 22
23.  Luzon Development   3.366 24
24.  BPI Globe Banko   3.332 23
25.  Citystate Savings   3.007 25
26.  Enterprise Bank   2.049 26
27.  Penbank   2.014 27
28.  ComSavings Bank   1.790 28
29.  United Overseas   1.780 30
30.  Queen City Development   1.620 29
31.  BDO Elite Savings   1.604 31
32.  Optimum Development   1.589 32
33.  Hiyas Banking   1.294 34
34.  Bank One Savings   1.278 35
35.  Tong Yang Savings   1.232 33
36.  Century Savings   1.111 36
37.  CARD SME Bank   1.078 40
38.  Isla Bank   1.036 38
39.  Dumaguete City Development       1.028 37



Notes:
1. In the previous quarter (April-June 2013), Allied Savings Bank rose from No. 20 to No. 11. As of September 2013, it fell to No. 12.


2. Allied Savings Bank retained its name after the merger of PNB and Allied Bank in
February 2013 and after becoming a fully owned subsidiary of PNB. In December 2013, PNB
announced it is infusing an additional equity of 10 billion pesos into Allied Savings
Bank.

First Bank Failure in 2014

Silangan Savings and Loan Bank Inc., which held office along J.P. Rizal St., Silang, Cavite, was closed by the BSP on January 9, 2014.
The financial statement form of Silangan Savings on bsp.gov.ph has been left blank since 2009, or probably even earlier, as mentioned in this ranking of Smaller Savings Banks in 2012.  This could be an indicator of a bank about to fail: it is not able to submit its periodic financial statements to the BSP on time.

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