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.
- 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
| RANK | BANK | ASSETS in TRILLION/BILLION PESOS |
| 1 | BDO | 3.262 T |
| 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 B |
| 8 | RCBC | 795.893 B |
| 9 | SECURITY BANK | 717.606 B |
| 10 | UNION BANK | 662.909 B |
11th to 20th Top Banks in the Philippines, March 2021
| 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 |
21st to 30th Top Banks, March 2021
| 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 |
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
US Dollar Accounts with Low Maintaining Balances
Biggest Bank Failures in the Philippines