Top Banks in the Philippines, by Assets, March 2014

There are now two trillionaire Philippine banks — BDO and Metrobank.

BDO first surpassed the one-trillion-peso-asset mark in June 2011 — more than 2 years before Metrobank did in September 2013.

PNB got into the Top 5 list in the first quarter of 2013 after completing its merger with sister company Allied Bank in February 2013.

TOP 17 Banks — with Over One Hundred Billion in Total Assets

RANK   BANK ASSETS in RANK
MAR 2014 BILLION
PESOS   
DEC 2013
1 BDO 1,601.922 1
2 METROBANK 1,151.506 2
3 BPI    994.527 3
4 LANDBANK    873.735 4
5 PNB    565.855 5
6 DBP    424.039 6
7 CHINABANK    387.860 7
8 UNION BANK    374.283 9
9 SECURITY BANK    368.095 10
10 RCBC    354.779 8
11 CITIBANK    278.776 11
12 UCBP    265.503 12
13 HSBC    203.769 13
14 EASTWEST    148.949 14
15 PHILTRUST      122.208 15
16 BANCOM    119.810 16
17 AUB    110.451 17
No. 18 to No. 34
18 DEUTSCHE BANK  83.821 19
19 STANDARD CHARTERED  
 
 79.572 18
20 MAYBANK  71.347 20
21 PBCOM  58.664 21
22 BANK of TOKYO  58.301 24
23 VETERANS  58.003 22
24 ANZ  56.552 23
25 JP MORGAN CHASE  52.521 26
26 ROBINSONS BANK  46.433 25
27 BDO PRIVATE  37.448 27
28 ING BANK  35.583 29
29 MIZUHO  33.289 28
30 CTBC  26.836 30
31 BANK OF AMERICA  19.751 31
32 KOREA EXCHANGE  11.354 32
33 MEGA ICB  11.035 33
34 BANK OF CHINA  10.668 34
No. 35 to No. 36
35 BANGKOK BANK   6.952 35
36 AL-AMANAH   0.652 36

Notes:

1.  Of the Top 17 banks, 3 banks changed places — Nos. 8, 9 and 10; the 14 others retained their rankings.

2.  BDO‘s total assets decreased from 1,629.853 to 1,601.922 billion but it retained its No. 1 ranking in total assets.

3.  RCBC fell from No. 8 to No. 10, with assets falling from 366.452 to 354.779 billion.

4.  Metrobank first surpassed the one-trillion-asset mark in the 3rd quarter last year (July to September 2013).

5.  CTBC Bank (Philippines) Corp. has been the new name of Chinatrust (Philippines) Commercial Bank Corporation since November 2013. Its parent holding company, CTBC Financial Holding Co., Ltd. (formerly Chinatrust Financial Holding Co. Ltd.) is the most awarded bank in Taiwan and one of the 200 biggest banks in the world based on capital.

6.  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

7.  Allied Savings Bank, the thrift subsidiary of Allied Bank, is now the thrift subsidiary of PNB.

8.  Bank of Tokyo moved up from No. 24 to No. 22.

9.  The upgrade of Asia United Bank Corp. from a commercial bank to a universal bank was approved by the BSP on February 28, 2013 and was announced by the BSP on January 3, 2014.

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