List of Commercial Banks in the Philippines

Updated March 1, 2018

There are  22 Commercial Banks in the Philippines, as of March 1, 2018.

commercial-banks-philippines

Of the 22 Commercial Banks, 5 are locally-owned and 17 are owned by foreign banks.

A total of 7 commercial bank branches were established in the Philippines by foreign banks from 2015 to 2017.

Commercial Banks are smaller than Universal Banks in terms of scope of business activities.

Commercial Banks can offer various banking services, but they cannot engage in the activities of investment houses or investment banks such as underwriting of securities.

Universal Banks can offer commercial banking, securities underwriting and other investment banking services.

List of Commercial Banks, Arranged Alphabetically

1
Bangkok Bank Public Co. Ltd. 
10th Floor, The Enterprise Center, Tower 2
6766 Ayala Avenue, Makati City
No. of Offices: 1
bangkokbank.com

2
Bank of America, N.A. 
27th Floor, Philamlife Tower
8767 Paseo de Roxas, Makati City 1226
No. of Offices: 1
bankofamerica.com

3
Bank of China Limited – Manila Branch 
36th Floor, Philamlife Tower
8767 Paseo de Roxas, Makati City
No. of Offices: 1
bocgroup.com.ph

4
Bank of Commerce 
San Miguel Properties Centre (SMPC)
No. 7 Saint Francis Street
Mandaluyong City 1550
No. of Offices: 122
bankcom.com.ph

5
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
15th Floor, Makati Sky Plaza Building
6788 Ayala Avenue, Makati City 1226
No. of Offices: 1
btm.co.jp
6

BDO Private Bank, Inc. 
2nd Floor, BDO Equitable Tower
8751 Paseo De Roxas
Makati City
No. of Offices: 6
 bdo.com.ph

7
Cathay United Bank Co., Ltd. – Manila Branch
Unit 1, 15th Floor, Tower 6789
6789 Ayala Avenue, 1226 Makati City
No. of Offices: 1
cathaybk.com.tw

8
Citibank, N.A. 
9th Floor, Citibank Tower
8741 Paseo de Roxas St.
Makati City 1226
No. of Offices: 6
citibank.com.ph

9
CTBC Bank (Philippines) Corporation 
16th to 19th Floors, Fort Legend Towers
31st Street cor. 3rd Ave.
Bonifacio Global City, Taguig City
No. of Offices: 24
ctbcbank.com.ph
– formerly Chinatrust (Philippines) Commercial Bank Corp.
– owned by Taiwan-based CTBC Bank

10
First Commercial Bank, Ltd., Manila Branch
20th Floor, Tower 6789 Ayala Avenue
Makati City 1223
No. of Offices: 1
Email: i76084@firstbank.com.tw
– owned by Taiwan-based First Commercial Branch

11
Hua Nan Commercial Bank, Ltd. – Manila Branch
Unit 2 and 3, 26th Floor, Tower 6789
6789 Ayala Avenue, 1223 Makati City
No. of Offices: 1
Email: fay.canto@hncb.com

12
Industrial Bank of Korea – Manila Branch
8th Floor One World Place, 32nd Street
Bonifacio Global City, Taguig City 1630
No. of Offices: 1
www.ibk.co.kr

13
JP Morgan Chase Bank, N.A. 
31st Floor, Philamlife Tower
8767 Paseo de Roxas, Makati City 1229
No. of Offices: 1
chase.com

14
KEB Hana Bank – Manila Branch
         formerly Korea Exchange Bank
21st Floor, Zuellig Building
Makati Avenue cor. Paseo de Roxas St
Makati City
No. of Offices: 2
keb.co.kr

15
Maybank Philippines, Inc. 
Maybank Corporate Centre
7th Avenue Corner 28th Street, Bonifacio High Street
Bonifacio Global City, Taguig City 1634
No. of Offices: 56
maybank2u.com

16
Mega International Commercial Bank Co., Ltd. 
3rd Floor, Pacific Star Bldg.
Sen. Gil Puyat Ave., Makati City
No. of Offices: 1

17
Philippine Bank of Communications 
5th Floor, PBCom Tower
6795 Ayala Avenue, Makati City 1200
No. of Offices: 64
pbcom.com.ph

18
Philippine Veterans Bank 
PVB Bldg. 101 V. A. Rufino cor. Dela Rosa St.
Legaspi Village, Makati City 1229
No. of Offices: 60
veteransbank.com.ph

19
Robinsons Bank Corporation 
17th Floor, Galleria Corporate Center
EDSA cor. Ortigas Avenue
Quezon City 1110
No. of Offices: 76
robinsonsbank.com.ph

20
Shinhan Bank – Manila Branch 
21st Floor, Unit 1 and 2
RCBC Savings Bank Corporate Center
25th and 26th Streets, Bonifacio Global City
Taguig City
No. of Offices: 1
shinhan.com

21
Sumitomo Mitsui Banking Corporation – Manila Branch
21st Floor, Tower One & Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
No. of Offices: 1
www.smbc.co.jp

22
United Overseas Bank Limited, Manila Branch
17th Floor, Pacific Star Building
Gil Puyat Avenue corner Makati Avenue
Makati City 1200
No. of Offices: 1
uobgroup.com

 – branch of Singapore-based United Overseas Bank Ltd. (UOB)

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Ranking of 22 Commercial Banks, based on Assets as of September 2017:

1.    Citibank, N.A.
2.    Bank of Commerce
3.    Maybank Philippines, Inc.
4.    Robinsons Bank Corporation
5.    Philippine Bank of Communications
6.    The Bank of Tokyo-Mitsubishi UFJ, Ltd.
7.    BDO Private Bank, Inc.
8.    Philippine Veterans Bank
9.    CTBC Bank (Philippines) Corporation
10.  JP Morgan Chase Bank, N.A.
11.  Sumitomo Mitsui Banking Corporation – Manila Branch
12.  Bank of America, N.A.
13.  Mega International Commercial Bank Co., Ltd.
14.  Bank of China Limited – Manila Branch
15.  KEB Hana Bank — Manila Branch
16.  Bangkok Bank Public Co. Ltd.
17.  Cathay United Bank Co., Ltd. – Manila Branch
18.  Industrial Bank of Korea – Manila Branch
19.  United Overseas Bank Limited, Manila Branch

20.  Shinhan Bank – Manila Branch
21.  First Commercial Bank, Ltd., Manila Branch
22.  Hua Nan Commercial Bank, Ltd. – Manila Branch

Alphabetical Listing of 22 Commercial Banks, without addresses

1.     Bangkok Bank Public Co. Ltd.
2.     Bank of America, N.A.
3.     Bank of China Limited – Manila Branch
4.     Bank of Commerce
5.     The Bank of Tokyo-Mitsubishi UFJ, Ltd.
6.     BDO Private Bank, Inc.
7.     Cathay United Bank Co., Ltd. – Manila Branch
8.     Citibank, N.A.
9.     CTBC Bank (Philippines) Corporation
10.   First Commercial Bank, Ltd., Manila Branch
11.   Hua Nan Commercial Bank, Ltd. – Manila Branch
12.   Industrial Bank of Korea – Manila Branch
13.   JP Morgan Chase Bank, N.A.
14.   KEB Hana Bank — Manila Branch
15.   Maybank Philippines, Inc.
16.   Mega International Commercial Bank Co., Ltd.
17.   Philippine Bank of Communications
18.   Philippine Veterans Bank
19.   Robinsons Bank Corporation
20.   Shinhan Bank – Manila Branch
21.   Sumitomo Mitsui Banking Corporation – Manila Branch
22.   United Overseas Bank Limited, Manila Branch

Notes:

Three Banks That Started Operating as Commercial Banks in the Philippine in 2016 and 2017.
They’re branches of foreign banks.

1. First Commercial Bank, Ltd., – Manila Branch
    This bank was established as a branch by First Commercial Bank (FCB), a Taiwan-based bank. Its commercial banking license was issued by the BSP on December 12, 2016.

2. Hua Nan Commercial Bank, Ltd. – Manila Branch
    The commercial banking license of Hua Nan Commercial Bank, Ltd. – Manila Branch, a branch of Taiwan-based bank Hua Nan Commercial Bank Ltd., was issued on 25 May 2017. Operations started on August 4, 2017.

3. United Overseas Bank Limited, Manila Branch
     The commercial banking license of United Overseas Bank Limited Manila Branch (UOBL Manila Branch), a branch of Singapore-based bank United Overseas Bank Limited, was issued on December 23, 2015. Operations started on January 4, 2016.

Four  Banks That Started Operating in the Philippines in 2015, under the new Bank Liberalization Program. They’re branches of Foreign Banks

1. Cathay United Bank Co., Ltd. – Manila Branch
2. Industrial Bank of Korea – Manila Branch
3. Shinhan Bank – Manila Branch
4. Sumitomo Mitsui Banking Corporation – Manila Branch

From 2015 to 2016, a total of seven foreign banks were authorized to establish commercial bank branches in the Philippines:

1. Cathay United Bank Co., Ltd. – Manila Branch
     — branch of Cathay United Co., Ltd. (Taiwan)
2. Industrial Bank of Korea – Manila Branch
     — branch of Industrial Bank of Korea (South Korea)
3. Shinhan Bank – Manila Branch
    — branch of Shinhan Bank Co. Ltd. (South Korea)
4. Sumitomo Mitsui Banking Corporation – Manila Branch
    — branch of Sumitomo Mitsui Banking Corp. (Japan)
5. First Commercial Bank, Ltd., Manila Branch
    — branch of First Commercial Bank (FCB)(Taiwan)
6. Hua Nan Commercial Bank, Ltd. – Manila Branch
    — branch of Hua Nan Commercial Bank, Ltd. (Taiwan)
7. United Overseas Bank Limited, Manila Branch
    — United Overseas Bank Limited (Singapore)

List of Universal Banks in the Philippines 
List of Savings Banks in the Philippines  or Thrift Banks
TOP Banks in the Philippines

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