Top 75 Banks in the Philippines, all types ranked together

Updated January 29, 2023

Here are the top 75 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 September 2022, 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 September 2022.
  • There are now EIGHT TRILLIONAIRE BANKS in the Philippines — BDO, Landbank, Metrobank, BPI, PNB, DBP, ChinaBank, and the newest, RCBC.
  • RCBC entered the trillionaire group in September 2022.
  • 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.
  • PSBank is now the biggest thrift bank, after former top thrift bank BPI Family was absorbed by its parent, BPI. It’s the 14th biggest bank, as of September 2022, outranking a lot of universal/commercial banks. PSBank, as many know, is a subsidiary of Metrobank.
  • The two biggest rural banks — BDO Network Bank and East West Rural Bank — are ranked 27th and 41st among all Top 75 banks in the Philippines, respectively.
  • There are now five billionaire rural banks: BDO Network Bank, East West Rural Bank, Card Bank (A Micro-Finance Rural Bank), SeaBank, and Tonik Digital Bank.

TOP 75 BANKS in the Philippines, based on Total Assets as of September 2022

RANKBANKASSETS in TRILLION/BILLION PESOS
1BDO 3.73 T
2LANDBANK 2.76 T
3BPI 2.52 T
4METROBANK 2.46 T
5CHINABANK 1.22 T
6PNB 1.18 T
7RCBC 1.09 T
8DBP 1.04 T
9UNION BANK 949.64 B
10SECURITY BANK 838.80 B

11th to 20th Top Banks in the Philippines, September 2022

11EASTWEST 388.25 B
12CITIBANK  367.72 B
13AUB 314.98 B
14PSBANK 251.50 B
15HSBC  217.56 B
16BANKCOM 203.54 B
17ROBINSONS 174.79 B
18PHILTRUST  169.60 B
19PBCOM 124.00 B
20STANDARD CHARTERED  107.50 B

21st to 30th Top Banks, September 2022

21PHILIPPINE BUSINESS 126.56 B
22CHINA BANK SAVINGS 118.45 B
23CITY SAVINGS 114.83 B
24MAYBANK 100.79 B
25MUFG BANK  96.22 B
26MIZUHO  81.32 B
27BDO NETWORK BANK 80.04 B
28BANK OF CHINA 70.88 B
29CTBC PHILS 67.79 B
30VETERANS 60.31 B

31st to 75th Top Banks , September 2022

31JP MORGAN CHASE56.99 B
32DEUTSCHE BANK51.34 B
33BANK OF MAKATI48.57 B
34ANZ45.43 B
35SUMITOMO MITSUI40.72 B
36BDO PRIVATE BANK39.73 B
37STERLING BANK39.41 B
38BANK OF AMERICA32.52 B
39PRODUCERS SAVINGS30.88 B
40ING BANK26.51 B
41EASTWEST RURAL24.66 B
42CIMB BANK24.40 B
43FIRST CONSOLIDATED23.40 B
44CARD BANK RB22.11 B
45KEB HANA BANK21.33 B
46BPI DIRECT BANKO19.18 B
47HSBC SAVINGS BANK16.97 B
48UCPB SAVINGS16.79 B
49MEGA INTERNATIONAL13.62 B
50INDUSTRIAL & COMMERCIAL BANK OF CHINA11.80 B
51WEALTH DEVELOPMENT11.78 B
52BANGKOK BANK11.39 B
53SEABANK 11.13B
54MALAYAN SAVINGS BANK11.06 B
551ST VALLEY BANK10.95 B
56TONIK DIGITAL 10.90 B
57EQUICOM10.58 B
58SHINHAN BANK 9.33 B
59INDUSTRIAL BANK OF KOREA 8.87 B
60CARD SME BANK 8.29 B
61HUA NAN COMMERCIAL 7.74 B
62CATHAY UNITED BANK 7.73 B
63GUAGUA RURAL BANK 6.99 B
64LUZON DEVELOPMENT BANK 6.43 B
65CARD MRI RIZAL BANK 6.15 B
66CEBUANA LHUILLIER RB 6.07 B
67CHANG HWA COMMERCIAL 6.01 B
68CITYSTATE SAVINGS 5.18 B
69UNITED OVERSEAS 4.81 B
70BOF RB 4.74 B
71FIRST ISABELA (FICO) 4.62 B
72ALLBANK 4.59 B
73OVERSEAS FILIPINO BANK (OFBANK) 4.52 B
74AGRIBUSINESS RB 4.45 B
75METRO SOUTH COOP 4.45 B

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

Top 60 Philippine Banks, by Assets as of December 2021

1 BDO — 3.5 T
2 LANDBANK — 2.6 T
3 METROBANK — 2.2 T
4 BPI — 2.1 T
5 PNB — 1.2 T
6 DBP — 1.2 T
7 CHINABANK — 1.0 T
8 RCBC — 955.0 B
9 UNION BANK — 725.5 B
10 SECURITY BANK — 700.5 B
11 EASTWEST — 383.4 B
12 CITIBANK — 351.2 B
13 BPI FAMILY — 330.8 B
14 UCPB — 319.3 B
15 AUB — 314.8 B
16 PSBANK — 260.8 B
17 BANKCOM — 199.3 B
18 HSBC — 198.8 B
19 ROBINSONS — 176.9 B
20 PHILTRUST — 172.3 B
21 PHILIPPINE BUSINESS — 155.0B
22 CITY SAVINGS — 117.8 B
23 PBCOM — 111.7 B
24 MAYBANK — 102.1 B
25 CHINA BANK SAVINGS — 97.2 B
26 MUFG BANK — 84.0 B
27 STANDARD CHARTERED — 81.3 B
28 MIZUHO — 78.1 B
29 BANK OF CHINA — 58.0 B
30 BDO NETWORK BANK — 54.8 B
31 CTBC PHILS — 52.8 B
32 VETERANS — 52.1 B
33 JP MORGAN CHASE — 50.3 B
34 DEUTSCHE BANK — 50.0 B
35 BANK OF MAKATI — 46.3 B
36 ANZ — 46.2 B
37 STERLING BANK — 45.2 B
38 SUMITOMO MITSUI — 43.8 B
39 BDO PRIVATE BANK — 38.0 B
40 ING BANK — 31.5 B
41 EASTWEST RURAL — 29.1 B
42 PRODUCERS SAVINGS — 28.8 B
43 BANK OF AMERICA — 25.3 B
44 FIRST CONSOLIDATED — 22.5 B
45 CARD BANK RB — 21.4 B
46 CIMB BANK — 20.7 B
47 BPI DIRECT BANKO — 18.4 B
48 UCPB SAVINGS — 18.4 B
49 KEB HANA BANK — 17.5 B
50 HSBC SAVINGS BANK — 14.8 B
51 MEGA INTERNATIONAL — 14.0 B
52 WEALTH DEVELOPMENT — 12.6 B
53 EQUICOM — 11.7 B
54 BANGKOK BANK — 11.2 B
55 1ST VALLEY BANK — 10.9 B
56 INDUSTRIAL & COMMERCIAL BANK OF CHINA — 9.8 B
57 MALAYAN SAVINGS BANK — 9.6 B
58 CARD SME BANK — 8.7 B
59 INDUSTRIAL BANK OF KOREA — 8.1 B
60 SHINHAN BANK — 7.1 B

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 
Biggest Bank Failures in the Philippines

Leave a Reply