Top Banks in the Philippines, all types ranked together

Updated September 18, 2021

Here are the top 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 March 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 March 2021.
  • There are now SIX TRILLIONAIRE BANKS in the Philippines — BDO, Landbank, Metrobank, BPI, PNB, and DBP.
  • DBP entered the trillionaire group on 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 is expected to be the next trillionaire bank, as it’s currently No. 7 and nearing 1 trillion in assets.
  • PNB reached the trillionaire level on 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 in the Top 20.
  • The two biggest rural banks — BDO Network Bank and East West Rural Bank — are ranked 33rd and 41st, respectively.
  • There are now three billionaire rural banks: BDO Network Bank, East West Rural Bank and Card Bank.

TOP 10 BANKS in the Philippines, based on Total Assets as of March 2021

RANKBANKASSETS in TRILLION/BILLION PESOS
1BDO3.262 T
2LANDBANK2.405 T
3METROBANK2.082 T
4BPI1.894 T
5PNB1.142 T
6DBP1.103 T
7CHINABANK  914.816 B
8RCBC  795.893 B
9SECURITY BANK  717.606 B
10UNION BANK  662.909 B

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

11CITIBANK  366.370 B
12EASTWEST  363.222 B
13UCPB  322.906 B
14AUB 309.910 B
15 BPI FAMILY  274.649 B
16 PSBANK  226.396 B
17HSBC  194.646 B
18BANKCOM  194.597 B
19PHILTRUST  165.267 B
20ROBINSONS    161.310 B

21st to 30th Top Banks, March 2021

21PHILIPPINE BUSINESS 119.588 B
22PBCOM 103.997 B
23MAYBANK 102.657 B
24CHINA BANK SAVINGS 97.814 B
25CITY SAVINGS 96.168 B
26MUFG BANK 91.825 B
27MIZUHO 84.827 B
28STANDARD CHARTERED 67.111 B
29VETERANS 53.875 B
30DEUTSCHE BANK53.070 B

31st to 60th Top Banks , March 2021

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

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

Previous Ranking: TOP BANKS in the Philippines, 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?

Previous Ranking: TOP BANKS in the Philippines as of December 2017

1  BDO — 2,484.621
2  METROBANK — 1,627.441
3  BPI — 1,541.031
4  LANDBANK — 1,479.365
5  SECURITY BANK — 796.957
6  PNB — 758.919
7  CHINABANK — 607.575
8  DBP — 557.459
9  UNION BANK — 488.052
10  RCBC — 420.354
11  CITIBANK — 304.840
12  UCBP — 308.271
13  EASTWEST — 296.525
14  BPI FAMILY — 265.012
15  PSBANK — 221.291
16  AUB — 195.193
17  HSBC — 175.590
18  PHILTRUST — 156.820
19  BCOMMERCE — 123.924
20  RCBC SAVINGS — 110.291
21  MAYBANK — 106.349
22  ROBINSONS BANK — 94.412
23  PBCOM — 89.683
24  CHINA BANK SAVINGS — 87.605
25  PHILIPPINE BUSINESS — 80.380
26  MIZUHO — 76.483
27  CITY SAVINGS — 71.701
28  DEUTSCHE BANK — 65.753
29  BANK of TOKYO — 64.543
30  STANDARD CHARTERED — 63.792
31  BDO PRIVATE — 60.640
32  VETERANS — 50.136
33  ANZ — 47.289
34  PNB SAVINGS — 46.973
35  CTBC PHILS — 41.041
36  JP MORGAN CHASE — 38.855
37  STERLING BANK — 36.266
38  BANK OF MAKATI — 29.312
39  ONE NETWORK BANK — 28.150
40  SUMITOMO MITSUI — 25.454
41  EAST WEST RURAL — 22.608
42  BANK OF AMERICA — 21.223
43  ING BANK — 19.503
44  UCPB SAVINGS — 18.185
45  FIRST CONSOLIDATED — 16.155
46  HSBC SAVINGS — 16.020
47  BPI DIRECT BANKO — 14.995
48  MEGA ICB — 14.760
49  BANK OF CHINA — 14.384
50  PRODUCERS SAVINGS — 13.382

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