Rankings of Smaller Savings Banks in the Philippines

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.

See the latest ranking –>> Top Thrift Banks in the Philippines, as of the latest quarterly financial report.

Ranking of smaller savings banks 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 Its thrift bank license was revoked on May 16, 2016, so it can apply to conduct trust and fiduciary business.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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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.

RANK	BANK	ASSETS	RANK
SEPTEMBER		in MILLION	SEPTEMBER
2015		PESOS	2014
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
45	Village Bank	520.29	44
46	Opportunity Kauswagan Bank	460.88	45
47	Tower Development Bank	449.94	51
48	Palawan Bank	408.39	47
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
57	Dungganon Bank	207.05	60
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	_
64	MBank Philippines	116.56	_
65	Quezon Coconut Bank	105.61	64
66	Progress Savings and Loan Bank	89.85	61
67	Sampaguita Savings Bank	75.38	65

NOTES: 


  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.

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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.

RANK	BANK	ASSETS
DEC		in MILLION
2014		PESOS
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
45	Village Bank	502
46	Opportunity Kauswagan Bank	469
47	Northpoint Development Bank	429
48	Cordillera Savings Bank	392
49	Palawan Bank	381
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
60	Dungganon Bank	169
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

NOTES: 
.  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.

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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.

RANK	BANK	ASSETS
March		in MILLION
2014		PESOS
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
47	Village Bank	473
48	Sun Savings Bank	425
49	Cordillera Savings Bank	361
50	Palawan Bank	359
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
63	Dungganon Bank	160
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
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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
PESOS      2011

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

Note:
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