Top 40 Savings Banks in the Philippines, 2013 to 2015

Here below are several charts showing the top 40 savings banks in the Philippines, from 2013 to 2015.

We start with the top thrift banks, based on total assets as of March 2014. Only these 40 savings banks out of 69 savings banks or thrift banks surpassed the one-billion-peso mark in total assets as of March 2014.

Ranking of Smaller Savings Banks, by Assets, March 2014

NOTES:
. 1st Valley Bank upgraded from rural bank to thrift bank on August 1, 2013,
following its acquisition of Community Rural Bank of Clarin (Misamis Occidental) Inc.

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Top 40 Savings Banks, by Assets, as of December 2015

Ranking of Smaller Savings Banks (With Less Than 10 Billion Pesos)
No, 39 to No.

Notes:

—  PNB Savings Bank is formerly Allied Savings Bank.
—  Security Bank Savings, formerly Premiere Development Bank, was acquired by its parent Security Bank in 2015.
—  Bank of Makati, formerly the No. 1 rural bank in the country,
started operating as a thrift bank in April 2015.
—  TongYang Savings Bank moved up by 9 levels, from No. 35 to No.26, over the quarter.
TongYang Savings, formerly Orion Savings Bank, was acquired by Taiwanese bank
Yuanta Commercial Bank. Yuanta was the fifth foreign bank that invested in the Philippines                 following the enactment of the banking liberalization law in 2014.
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Top 38 Savings Banks, by Assets September 2015

Notes:
_* This September 2015 ranking is just the second quarterly ranking in which Bank of Makati is ranked as a thrift bank. It was previously a rural bank. It started operating as a savings bank on April 15, 2015.
Bank of Makati was first ranked as a savings bank in the June 2015 asset ranking. It was ranked No. 8, with 26.971 billion pesos in total assets.
When it was still operating as a rural bank, it was No. 1 among all rural banks, in close competition with One Network Bank, the largest bank in Mindanao.

10*  When PNB Savings Bank was ranked No. 10 in the Sep 2014 ranking, its name was still Allied Savings Bank.
Allied Savings Bank started operating as PNB Savings Bank in December 2014.
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Top 40 Savings Banks in the Philippines, by Assets March 2015

Changes Since March 2014:
BDO acquired Citibank Savings and The Real bank in 2014.
Citibank Savings remained a savings bank and has been renamed Banco De Oro Savings Bank.

The Real Bank’s assets and liabilities were acquired by BDO, afterwhich Real Bank surrendered its authority to operate as a savings bank.
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Top 37 Savings Banks in the Philippines, Based on Deposits, as of March 2015

NOTES:
The acquisition of Security Bank Savings Corp. by its parent company Security Bank was approved by the BSP in February 2015. All branches of Security Bank Savings started operating as full-service Security Bank branches in April 2015.
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Top 40 Savings Banks in the Philippines, based on total assets as of Dec 2014

Should be 38 Banks...
The following 2 banks are not in the list above, most likely due to report submission issues:
.  Citystate Savings was No. 27 in the September 2014 ranking, with 3.783 billion in total
assets
.  BPI Globe Banko was No. 35 in the June 2014 ranking, with 1,235 billion in total assets

Ranking of Smaller Savings Banks (Nos. 39 to 66)

Top Thrift Banks in the Philippines
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Top 40 Savings Banks in the Philippines, based on total assets, as of Sep 2014

NOTES:

1. BPI Globe Banko is one of these top 38 thrift banks, but its financial report as of September 2014 is not yet on the BSP website.
It ranked No. 35 in June 2014, with total assets of 1.235 billion

2.  Citibank Savings, which ranked No. 21 in June 2014 with total assets of 5.815 billion, was acquired by BDO in 2014 from Citigroup. It will be renamed Banco De Oro Savings Bank

3. Real Bank ranked No, 18 in March 2014 with total assets of 7,654 billion. Its financial reports for June and September 2014 are not yet available on the BSP website.  Real Bank signed a deal to be acquired by BDO in June 2014. See Bank Mergers in 2014


4. Legazpi Savings Bank is now a wholly owned subsidiary of Robinsons Bank. Robinsons Bank completed its acquisition of Legazpi Savings Bank in December 2012.
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Top 40 Savings Banks in the Philippines, by Assets, as of Sep 2013

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.

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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Top 40 Savings Banks in the Philippines, based on Assets, as of March 2013

The top two, BPI Family and PSBank, are tens of billions away from the other top-ranking savings banks.
China Bank Savings moved up by 2 levels over the quarter.

Source:
BSP.gov.ph
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Top 40 Savings Banks in the Philippines, based on Assets, as of June 2013

Notes:
Allied Savings Bank rose from No. 20 to No. 11.
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.