Top 60 Banks in the Philippines, all types ranked together

Updated April 7, 2022

Here are the top 60 banks in the Philippines, all bank types ranked together,

meaning all universal/commercial, thrift and rural banks in the Philippines are considered in this ranking, based on total assets as of December 2021, as published Bangko Sentral ng Pilipinas on its website.

Top banks in the Philippines
  • This ranking includes all types of banks — commercial/universal, savings or thrift banks and rural banks, based on Total Assets as of December 2021.
  • There are now SEVEN TRILLIONAIRE BANKS in the Philippines — BDO, Landbank, Metrobank, BPI, PNB, DBP and the newest, ChinaBank.
  • DBP entered the trillionaire group in March 2021, as shown in its March 2021 quarterly financial report. Its growth was boosted by its deposit generation campaign among the unbanked and the 12.5-billion-peso capital infusion from the National Government under the Bayanihan to Recover as One Act (Bayanihan 2). DBP has been designated by the Philippine government as the country’s Infrastructure Bank.
  • Chinabank entered the trillionaire list in December 2021, with its December 2021 quarterly financial report showing 1.025 million pesos in total assets.
  • PNB reached the trillionaire level in June 2019, as shown in its June 2019 quarterly financial report.
  • BDO is No. 1 in assets, deposits, capital and net loans.
  • Two thrift banks — BPI Family and  PSBank — are among the Top 16 banks.
  • The two biggest rural banks — BDO Network Bank and East West Rural Bank — are ranked 30th and 41st, respectively.
  • There are now three billionaire rural banks: BDO Network Bank, East West Rural Bank and Card Bank (A Micro-Finance Rural Bank).

TOP 60 BANKS in the Philippines, based on Total Assets as of December 2021

RANKBANKASSETS in TRILLION/BILLION PESOS
1BDO 3.485 T
2LANDBANK 2.586 T
3METROBANK 2.179 T
4BPI 2.102 T
5PNB 1.200 T
6DBP 1.158 T
7CHINABANK 1.025 T
8RCBC  955.027 B
9UNION BANK 725.533 B
10SECURITY BANK  700.525 B

11th to 20th Top Banks in the Philippines, December 2021

11EASTWEST 383.452 B
12CITIBANK  351.162 B
13BPI FAMILY 330.791 B
14UCPB  319.294 B
15AUB 314.834 B
16 PSBANK  260.825 B
17BANKCOM 199.285 B
18HSBC  198.845 B
19ROBINSONS 176.934 B
20PHILTRUST  172.273 B

21st to 30th Top Banks, March 2021

21PHILIPPINE BUSINESS 155.001 B
22CITY SAVINGS 117.815 B
23PBCOM 111.667 B
24MAYBANK 102.117 B
25CHINA BANK SAVINGS  97.193 B
26MUFG BANK  84.020 B
27STANDARD CHARTERED 81.274 B
28MIZUHO  78.061 B
29BANK OF CHINA 57.967 B
30BDO NETWORK BANK 54.753 B

31st to 60th Top Banks , December 2021

31CTBC PHILS52.796 B
32VETERANS52.139 B
33JP MORGAN CHASE50.337 B
34DEUTSCHE BANK50.033 B
35BANK OF MAKATI46.302 B
36ANZ46.173 B
37STERLING BANK45.254 B
38SUMITOMO MITSUI43.837 B
39BDO PRIVATE BANK 38.004 B
40ING BANK31.464 B
41EASTWEST RURAL29.074 B
42PRODUCERS SAVINGS28.811 B
43BANK OF AMERICA25.277 B
44FIRST CONSOLIDATED22.492 B
45CARD BANK RB21.411 B
46CIMB BANK20.689 B
47BPI DIRECT BANKO18.442 B
48UCPB SAVINGS18.367 B
49KEB HANA BANK17.508 B
50HSBC SAVINGS BANK14.834 B
51MEGA INTERNATIONAL13.951 B
52WEALTH DEVELOPMENT12.603 B
53EQUICOM11.675 B
54BANGKOK BANK11.210 B
551ST VALLEY BANK10.870 B
56INDUSTRIAL & COMMERCIAL BANK OF CHINA 9.785 B
57MALAYAN SAVINGS BANK 9.632 B
58CARD SME BANK 8.718 B
59INDUSTRIAL BANK OF KOREA 8.113 B
60SHINHAN BANK 7.106 B

Type of Banks Above:
Black — Commercial/Universal Banks
Blue — Savings or Thrift Banks
Red — Rural Banks

Top 60 Banks in the Philippines, by Total Assets as of March 2021

  1. BDO — 3.262 Trillion pesos
  2. LANDBANK — 2.405 T
  3. METROBANK — 2.082 T
  4. BPI — 1.894 T
  5. PNB — 1.142 T
  6. DBP — 1.103 T
  7. CHINABANK — 914.816 Billion pesos
  8. RCBC — 795.893 B
  9. SECURITY BANK — 717.606 B
  10. UNION BANK — 662.909 B
  11. CITIBANK — 366.370 B
  12. EASTWEST — 363.222 B
  13. UCPB — 322.906 B
  14. AUB — 309.910 B
  15. BPI FAMILY — 274.649 B
  16. PSBANK — 226.396 B
  17. HSBC — 194.646 B
  18. BANKCOM — 194.597 B
  19. PHILTRUST — 165.267 B
  20. ROBINSONS — 161.310 B
  21. PHILIPPINE BUSINESS — 119.588 B
  22. PBCOM — 103.997 B
  23. MAYBANK — 102.657 B
  24. CHINA BANK SAVINGS — 97.814 B
  25. CITY SAVINGS — 96.168 B
  26. MUFG BANK — 91.825 B
  27. MIZUHO — 84.827 B
  28. STANDARD CHARTERED — 67.111 B
  29. VETERANS — 53.875 B
  30. DEUTSCHE BANK — 53.070 B
  31. ANZ Banking — 52.495 B
  32. CTBC PHILS — 50.439 B
  33. BDO NETWORK BANK — 46.222 B
  34. BANK OF MAKATI — 45.190 B
  35. SUMITOMO MITSUI — 44.309 B
  36. BANK OF CHINA — 43.314 B
  37. JP MORGAN CHASE — 42.642 B
  38. BDO PRIVATE — 40.190 B
  39. STERLING BANK — 40.029 B
  40. ING BANK — 33.643 B
  41. EAST WEST RURAL — 29.205 B
  42. BANK OF AMERICA — 24.306 B
  43. PRODUCERS SAVINGS — 23.868 B
  44. FIRST CONSOLIDATED — 20.781 B
  45. UCPB SAVINGS — 20.535 B
  46. BPI DIRECT BANKO — 20.318 B
  47. CARD BANK — 20.067 B
  48. CIMB BANK — 16.196 B
  49. KEB HANA BANK — 14.677 B
  50. HSBC SAVINGS BANK — 14.253 B
  51. MEGA INTERNATIONAL — 13.828 B
  52. WEALTH DEVELOPMENT — 12.736 B
  53. EQUICOM — 11.112 B
  54. 1ST VALLEY BANK — 11.070 B
  55. BANGKOK BANK — 10.873 B
  56. INDUSTRIAL & COMMERCIAL BANK OF CHINA — 10.265 B
  57. MALAYAN SAVINGS BANK — 10.004 B
  58. CARD SME BANK — 9.015 B
  59. INDUSTRIAL BANK OF KOREA — 7.222 B
  60. CATHAY UNITED BANK — 6.393 B

TOP BANKS in the Philippines, by Assets as of Dec 2019

This ranking includes all types of banks — commercial/universal, savings or thrift banks and rural banks, based on Total Assets as of December 2019.

1 BDO – 3.069 T
2 METROBANK – 2.117 T
3 LANDBANK – 2.033 T
4 BPI – 1.913 T
5 PNB – 1.068 T
6 CHINABANK – 866.900 B
7 SECURITY BANK – 788.233 B
8 RCBC – 762.310 B
9 DBP – 761.499 B
10 UNION BANK – 706.867 B
11 EASTWEST – 382.512 B
12 UCPB – 335.181 B
13 CITIBANK – 327.737 B
14 BPI FAMILY – 284.213 B
15 AUB – 260.478 B
16 PSBANK – 224.108 B
17 HSBC – 177.209 B
18 PHILTRUST – 160.574 B
19 BANKCOM – 144.805 B
20 ROBINSONS – 128.138 B
21 PHILIPPINE BUSINESS – 113.978 B
22 MAYBANK – 105.056 B
23 PBCOM – 104.739 B
24 CHINA BANK SAVINGS – 102.836 B
25 CITY SAVINGS – 76.795 B
26 MUFG BANK – 74.079 B
27 MIZUHO – 71.133 B
28 PNB SAVINGS – 59.871 B
29 VETERANS – 59.082 B
30 STANDARD CHARTERED – 57.817 B
31 ANZ Banking – 57.283 B
32 CTBC PHILS – 56.584 B
33 DEUTSCHE BANK – 48.000 B
34 STERLING BANK – 43.984 B
35 JP MORGAN CHASE – 42.963 B
36 BANK OF MAKATI – 40.158 B
37 SUMITOMO MITSUI – 35.882 B
38 BDO PRIVATE – 34.903 B
39 BANK OF CHINA – 33.386 B
40 BDO NETWORK BANK – 32.564 B
41 EAST WEST RURAL – 28.908 B
42 PRODUCERS SAVINGS – 25.452 B
43 BANK OF AMERICA – 24.377 B
41 ING BANK – 21.976 B
44 UCPB SAVINGS – 20.977 B
45 FIRST CONSOLIDATED – 19.283 B
47 CARD BANK – 18.250 B
48 MEGA INTERNATIONAL – 17.855 B
47 BPI DIRECT BANKO – 17.834 B
49 KEB HANA BANK – 15.859 B
50 WEALTH DEVELOPMENT – 14.534 B

TOP 5 Banks in the Philippines Based on Deposits, Capital and Net Loans, as of December 2019

Based on Deposits:
1. BDO
2. Landbank
3. Metrobank
4. BPI
5. PNB

Based on Capital:
1. BDO
2. Metrobank
3. BPI
4. Landbank
5. PNB

Based on Net Loans;
1. BDO
2. BPI
3. Metrobank
4. Landbank
5. PNB

Based on Return on Equity (ROE):
The above biggest banks are not the top banks in terms of ROE.
Based on ROE:
BDO is No. 13
Metrobank is No. 18
Landbank is No. 12
BPI is No. 15
PNB is No. 24

ROE is calculated by dividing net income by shareholders’ equity.

ROE indicates how effectively a business is using equity (the money contributed by its stockholders) and cumulative retained profits to produce income.

ROE measures a company’s ability to turn equity capital into net profit.

ROE is also called Return on Net Assets.

The top banks in the Philippines, based on ROE, as of December 2019 are:

1. Citibank
2. Veterans
3. UCPB
4. JP Morgan
5. HSBC
6. Union Bank
7. BDO Private Bank
8. AUB
9. Deutsche Bank
10. Bank of America

Is it good for account owners (but not shareholders) that their banks are not high in the ROE rankings? Does this mean that they’re also balancing their commitment to customers (account owners that are not shareholders) and their commitment to shareholders?

TOP 50 BANKS in the Philippines, based on assets as of December 2017

1  BDO — 2.485 Trillion pesos
2  METROBANK — 1.627 T
3  BPI — 1.541 T
4  LANDBANK — 1.479 T
5  SECURITY BANK — 796.957 Billion pesos
6  PNB — 758.919 B
7  CHINABANK — 607.575 B
8  DBP — 557.459 B
9  UNION BANK — 488.052 B
10  RCBC — 420.354 B
11  CITIBANK — 304.840 B
12  UCBP — 308.271 B
13  EASTWEST — 296.525 B
14  BPI FAMILY — 265.012 B
15  PSBANK — 221.291 B
16  AUB — 195.193 B
17  HSBC — 175.590 B
18  PHILTRUST — 156.820 B
19  BCOMMERCE — 123.924 B
20  RCBC SAVINGS — 110.291 B
21  MAYBANK — 106.349 B
22  ROBINSONS BANK — 94.412 B
23  PBCOM — 89.683 B
24  CHINA BANK SAVINGS — 87.605 B
25  PHILIPPINE BUSINESS — 80.380 B
26  MIZUHO — 76.483 B
27  CITY SAVINGS — 71.701 B
28  DEUTSCHE BANK — 65.753 B
29  BANK of TOKYO — 64.543 B
30  STANDARD CHARTERED — 63.792 B
31  BDO PRIVATE — 60.640 B
32  VETERANS — 50.136 B
33  ANZ — 47.289 B
34  PNB SAVINGS — 46.973 B
35  CTBC PHILS — 41.041 B
36  JP MORGAN CHASE — 38.855 B
37  STERLING BANK — 36.266 B
38  BANK OF MAKATI — 29.312 B
39  ONE NETWORK BANK — 28.150 B
40  SUMITOMO MITSUI — 25.454 B
41  EAST WEST RURAL — 22.608 B
42  BANK OF AMERICA — 21.223 B
43  ING BANK — 19.503 B
44  UCPB SAVINGS — 18.185 B
45  FIRST CONSOLIDATED — 16.155 B
46  HSBC SAVINGS — 16.020 B
47  BPI DIRECT BANKO — 14.995 B
48  MEGA ICB — 14.760 B
49  BANK OF CHINA — 14.384 B
50  PRODUCERS SAVINGS — 13.382 B

US Dollar Accounts with Low Maintaining Balances 
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