Ranking of Smaller Savings Banks, by Assets as of June 2016

Here’s a ranking of the smaller savings banks in the Philippines, based on assets as of June 2016. These are banks with less than 1 billion in total assets.

The ranking for the bigger savings banks (No. 1 to No. 35), is here:
Top Savings Banks, by Assets, June 2016

The following banks are savings banks with less than 1 billion in total assets as of JUNE 2016.

RANK           BANK ASSETS RANK
JUNE in MILLION JUNE
2016 PESOS 2015
36 University Savings Bank 876.76 42
37 World Partners Bank 829.33 39
38 Sun Savings Bank 769.45 44
39 Farmers Savings and Loan Bank 584.52 43
40 Northpoint Development Bank 567.23 48
41 Village Bank 548.37 45
42 BPI Globe Banko 464.07 38
43 Palawan Bank 450.78 47
44 Tower Development Bank 437.32 49
45 Opportunity Kauswagan Bank 403.77 46
46 Cordillera Savings Bank 388.45 50
47 Pampanga Development Bank 387.91 52
48 Bataan Development Bank 380.35 55
49 Business and Consumers Bank 310.08 53
50 Life Savings Bank 266.66 54
51 Bataan Savings and Loan Bank 240.81 54
52 Inter-Asia Development Bank 230.22 57
53 Pacific Ace Savings Bank 224.87 61
54 Lemery Savings and Loan Bank 221.91 58
55 Metro Cebu Public Savings Bank 199.98 56
56 Dungganon Bank 191.12 59
57 Maritime Savings Bank 168.84 62
58 Phil Star Development Bank 133.61 63
59 Microfinance Maximum Savings Bank     128.04 60
60 Malasiqui Progressive Savings 124.78 64
61 Quezon Coconut Bank 104.21 66
62 Sampaguita Savings Bank  69.34 68
63 MBank Philippines  54.42 65

What Happened to 5 Thrift Banks?
One year ago, in June 2015, there were 68 banks, now there are only 63 banks, what happened to 5 thrift banks?

. Planters Development Bank was acquired by China Bank and merged into its savings bank China Bank Savings.

. ComSavings Bank, or GSIS Family Bank, was closed down by the BSP.

. United Overseas Bank upgraded into a commercial bank branch of Singapore-based bank UOBL.

More info on the above 3 banks: What Happened to other top 3 Savings Banks?

. BDO Elite Savings Bank was consolidated into BDO’s investment house BDO Capital and Investment Corp. together with Banco De Oro Savings Bank Inc. in July 2016.
  BDO Elite was No. 40 in assets as of June 2015, with total assets of 813.19 million.
  Banco de Oro Savings Bank was the former Citibank Savings which BDO acquired. Its thrift bank license was revoked on May 16, 2016, so it can apply to conduct trust and fiduciary business.

. Progress Savings and Loan Bank Inc. voluntarily surrendered its banking license. It requested for the cancellation of its banking license and the request was approved by the BSP.
It was No. 67 out of 68 thrift banks in the June 2015 list, with total assets of 96.97 million.

Notes:
BPI Globe Banko was No. 38 in total assets as of June 2015, with total assets of 1.03 billion pesos.

BPI increased to 100% its stake in BPI Globe Banko within the last months of 2015 by buying the 40% share of its sister company Globe Telecom and the 20% share of its parent company Ayala Corp.

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