Here are rankings of smaller savings banks in the Philippines, starting in 2012 when there were around 70 savings banks operating. These are banks with less than 1 billion in total assets.
Ranking of smaller savings banks as of JUNE 2016.
|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|
|42||BPI Globe Banko||464.07||38|
|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|
|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|
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 Its thrift bank license was revoked on May 16, 2016, so it can apply to conduct trust and fiduciary business.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.
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.
Ranking of Smaller Savings Banks in the Philippines, by Assets, Sep 2015
These are banks with less than 1 billion in total assets.
The following banks are savings banks with less than 1 billion in total assets as of September 2015.
|39||University Savings Bank||860.48||41|
|40||BPI Globe Banko||859.51||_|
|41||Merchants Savings and Loan Assn||773.38||39|
|42||Farmers Savings and Loan Bank||613.06||42|
|43||Sun Savings Bank||600.06||43|
|44||Northpoint Development Bank||548.20||46|
|46||Opportunity Kauswagan Bank||460.88||45|
|47||Tower Development Bank||449.94||51|
|49||Cordillera Savings Bank||387.17||48|
|50||Bataan Development Bank||365.75||49|
|51||Pampanga Development Bank||351.49||50|
|52||Business and Consumers Bank||291.99||52|
|53||Life Savings Bank||266.03||53|
|54||Bataan Savings and Loan Bank||249.30||54|
|55||Metro Cebu Public Savings Bank||222.61||55|
|56||Lemery Savings and Loan Bank||208.52||56|
|58||Inter-Asia Development Bank||205.66||59|
|59||Pacific Ace Savings Bank||195.32||57|
|60||Maritime Savings Bank||166.73||58|
|61||Malasiqui Progressive Savings||121.27||63|
|and Loan Bank|
|62||Phil Star Development Bank||119.80||62|
|63||Microfinance Maximum Savings Bank||119.26||_|
|65||Quezon Coconut Bank||105.61||64|
|66||Progress Savings and Loan Bank||89.85||61|
|67||Sampaguita Savings Bank||75.38||65|
No. 40 BPI Globe Banko was not ranked in the Sep 2014 ranking.
No. 62 Phil Star Development Bank was ranked the same in the September 2014 asset ranking under its previous name Pride Star Development Bank. Change of name was authorized by the BSP on February 26, 2014 and was approved by the SEC in July 2014.
No. 63 Microfinance Maximum Savings Bank was not ranked in the Sep 2014 ranking
No. 64 MBank Philippines
first appeared on the March 2015 asset ranking.
MBank started its operations as a microfinance-oriented thrift bank on October 16, 2013.
BDO Elite Savings Bank was No. 40 in the September 2014 asset ranking. Its request for the cancellation of its banking and trust licenses was approved by the BSP in August 2015.
Ranking of Smaller Savings Banks in the Philippines, by Assets Dec 2014
These are banks with less than 1 billion in total assets.
The following banks are savings banks with less than 1 billion in total assets as of December 2014.
|39||World Partners Bank||947|
|40||Merchants Savings and Loan Assn||860|
|41||BDO Elite Savings Bank||805|
|42||University Savings Bank||703|
|43||Farmers Savings and Loan Bank||629|
|44||Sun Savings Bank||550|
|46||Opportunity Kauswagan Bank||469|
|47||Northpoint Development Bank||429|
|48||Cordillera Savings Bank||392|
|50||Bataan Development Bank||347|
|51||Pampanga Development Bank||328|
|52||Tower Development Bank||302|
|53||Business and Consumers Bank||285|
|54||Life Savings Bank||267|
|55||Bataan Savings and Loan Bank||261|
|56||Metro Cebu Public Savings Bank||214|
|57||Lemery Savings and Loan Bank||205|
|58||Inter-Asia Development Bank||179|
|59||Maritime Savings Bank||171|
|61||Pacific Savings Bank||172|
|62||Phil Star Development Bank||124|
|63||Malasiqui Progressive Savings and Loan Bank||117|
|64||Progress Savings and Loan Bank||108|
|65||Quezon Coconut Bank||101|
|66||Sampaguita Savings Bank||80|
. Pride Star Development Bank changed its name to Phil Star Development Bank after getting BSP approval on February 26, 2014.
. Microfinance Maximum Savings Bank, also known as MaxBank, with main branch in Puerto Galera, Oriental Mindorom, and 3 other branches in Batangas City, Calapan City and Makati City, ranked No. 67 in March 2014, with 112 million pesos in total assets. It’s not in the list above, most likely due to report submission issues.
Ranking of Smaller Savings Banks in the Philippines, by Assets, March 2014
The following 29 banks are savings banks with less than 1 billion in total assets
as of March 2014.
|41||World Partners Bank||907|
|42||BDO Elite Savings Bank||810|
|43||Merchants Savings and Loan Assn||798|
|44||University Savings Bank||639|
|45||Farmers Savings and Loan Bank||627|
|46||Opportunity Kauswagan Bank||500|
|48||Sun Savings Bank||425|
|49||Cordillera Savings Bank||361|
|51||Bataan Development Bank||355|
|52||Northpoint Development Bank||328|
|53||Pampanga Development Bank||307|
|54||Tower Development Bank||276|
|55||Business and Consumers Bank||267|
|56||Life Savings Bank||267|
|57||Bataan Savings and Loan Bank||267|
|58||Metro Cebu Public Savings Bank||244|
|59||Lemery Savings and Loan Bank||209|
|60||Maritime Savings Bank||173|
|61||Inter-Asia Development Bank||172|
|62||Pacific Savings Bank||172|
|64||Progress Savings and Loan Bank||138|
|65||Pride Star Development Bank||121|
|66||Malasiqui Progressive Savings and Loan Bank||117|
|67||Microfinance Maximum Savings Bank||112|
|68||Quezon Coconut Bank||106|
|69||Sampaguita Savings Bank||86|
Savings Banks ranked No. 1 to No. 40
have more than 1 billion in total assets as of March 2014
Ranking of Smaller Savings Banks in the Philippines, Assets June 2012
These savings banks have less than 1 Billion Pesos in Total Assets as of June 2012, based on banks’ financial statements published on the Bangko Sentral ng Pilipinas website.
RANK SAVINGS BANK ASSETS RANK
in MILLION Dec
40. Card SME Bank, A Thrift Bank 816 41
41. Farmers Savings and Loan Bank 657 40
42. University Savings Bank 645 39
43. Opportunity Kauswagan Bank,
A Microfinance Thrift Bank 457 42
44. Village Bank, A Thrift Bank 425 43
45. Cordillera Savings Bank 392 44
46. Bataan Development Bank 336 46
47. Iloilo City Development Bank 316 45
48. Bataan Savings
and Loan Bank 263 49
49. Life Savings Bank 246 51
50. Pampanga Development Bank 246 48
51. Business and Consumers Bank
A Development Bank 245 50
52. Lemery Savings and Loan Bank 196 53
53. Metro Cebu Public Savings Bank 191 52
54. Tower Development Bank 186 54
55. Maritime Savings Bank 177 56
56. Pacific Ace Savings Bank 173 55
57. Sun Savings Bank 141 61
58. Progress Savings and Loan Bank 135 57
59. Malasiqui Progressive Savings
and Loan Bank 131 58
60. Pride Star Development Bank 117 59
61. Dungganon Bank, A Microfinance
Thrift Bank 111 64
62. Microfinance Maximum
Savings Bank 110 62
63. Sampaguita Savings Bank 109 60
64. Quezon Coconut Producers
Savings and Loan Bank 99 63
65. Silangan Savings and Loan Bank 86 –
66. Northpoint Development Bank 52 65
Liberty Savings Bank, located in Bulacan, which was previously 47th in assets as of December 2011, changed to a rural bank named Liberty Bank, A Rural Bank in April 2012.
Source: Bangko Sentral ng Pilipinas