Updated July 25, 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 March 31, 2023, as published Bangko Sentral ng Pilipinas on its website.
- This ranking includes all types of banks — commercial/universal, savings or thrift banks, rural banks, and digital banks, based on Total Assets as of March 31, 2023.
- As of March 2023, there are 7 TRILLIONAIRE BANKS in the Philippines — BDO, Landbank, BPI, Metrobank, ChinaBank, RCBC and PNB.
- DBP lost its trillionaire status in 2023, as its assets fell from 1.18 T to just 975.84 B in its March 2023 report.
- 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 March 2023
| RANK | BANK | ASSETS in TRILLION/BILLION PESOS |
| 1 | BDO | 3.92 T |
| 2 | LANDBANK | 3.12 T |
| 3 | BPI | 2.66 T |
| 4 | METROBANK | 2.62 T |
| 5 | CHINABANK | 1.36 T |
| 6 | RCBC | 1.19 T |
| 7 | PNB | 1.15 T |
| 8 | DBP | 975.84 B |
| 9 | UNION BANK | 968.65 B |
| 10 | SECURITY BANK | 873.96 B |
11th to 20th Top Banks in the Philippines, March 2023
| 11 | EASTWEST | 381.64 B |
| 12 | CITIBANK | 343.08 B |
| 13 | AUB | 325.08 B |
| 14 | PSBANK | 254.29 B |
| 15 | HSBC | 206.64 B |
| 16 | BANKCOM | 205.78 B |
| 17 | ROBINSONS | 172.95 B |
| 18 | PHILTRUST | 166.35 B |
| 19 | PHILIPPINE BUSINESS | 135.63 B |
| 20 | CHINA BANK SAVINGS | 132.68 B |
21st to 30th Top Banks, March 2023
| 21 | CITY SAVINGS | 131.92 B |
| 22 | PBCOM | 131.38 B |
| 23 | STANDARD CHARTERED | 99.53 B |
| 24 | MIZUHO | 94.68 B |
| 25 | MUFG BANK | 94.10 B |
| 26 | MAYBANK | 93.31 B |
| 27 | BDO NETWORK BANK | 91.72 B |
| 28 | CTBC PHILS | 67.57 B |
| 29 | VETERANS | 64.51 B |
| 30 | JP MORGAN CHASE | 60.53 B |
31st to 75th Top Banks , March 2023
| 31 | BANK OF CHINA | 60.19 B |
| 32 | DEUTSCHE BANK | 51.02 B |
| 33 | BANK OF MAKATI | 49.75 B |
| 34 | SUMITOMO MITSUI | 43.42 B |
| 35 | ANZ | 43.38 B |
| 36 | STERLING BANK | 40.18 B |
| 37 | BDO PRIVATE BANK | 33.82 B |
| 38 | PRODUCERS SAVINGS | 31.01 B |
| 39 | KEB HANA BANK | 29.90 B |
| 40 | CIMB BANK | 29.63 B |
| 41 | EASTWEST RURAL BANK | 29.14 B |
| 42 | BANK OF AMERICA | 29.04 B |
| 43 | BPI DIRECT BANKO | 27.26 B |
| 44 | FIRST CONSOLIDATED | 24.85 B |
| 45 | CARD BANK RB | 23.35 B |
| 46 | ING BANK | 22.14 B |
| 47 | MAYA* | 16.38 B |
| 48 | UCPB SAVINGS | 15.92 B |
| 49 | HSBC SAVINGS BANK | 14.74 B |
| 50 | SEABANK | 13.28 B |
| 51 | UNION DIGITAL* | 12.88 B |
| 52 | MEGA INTERNATIONAL | 12.61 B |
| 53 | WEALTH DEVELOPMENT | 11.47 B |
| 54 | BANGKOK BANK | 10.99 B |
| 55 | MALAYAN SAVINGS BANK | 10.58 B |
| 56 | INDUSTRIAL & COMMERCIAL BANK OF CHINA | 10.58 B |
| 57 | TONIK DIGITAL* | 10.58 B |
| 58 | 1ST VALLEY BANK | 10.54 B |
| 58 | SHINHAN BANK | 9.34 B |
| 59 | CARD SME BANK | 8.93 B |
| 60 | INDUSTRIAL BANK OF KOREA | 8.26 B |
| 61 | GUAGUA RURAL BANK | 7.76 B |
| 62 | HUA NAN COMMERCIAL | 7.53 B |
| 63 | CEBUANA LHUILLIER RB | 6.53 B |
| 64 | CARD MRI RIZAL BANK | 6.28 B |
| 65 | LUZON DEVELOPMENT BANK | 6.26 B |
| 66 | CATHAY UNITED BANK | 6.25 B |
| 67 | CITYSTATE SAVINGS | 5.25 B |
| 68 | ALLBANK | 4.98 B |
| 69 | LEGAZPI SAVINGS BANK | 4.96 B |
| 70 | AGRIBUSINESS RB | 4.94 B |
| 71 | UNITED OVERSEAS | 4.88 B |
| 72 | CHANG HWA COMMERCIAL | 4.85 B |
| 73 | BOF RB | 4.80 B |
| 74 | FIRST ISABELA (FICO) | 4.68 B |
| 75 | OVERSEAS FILIPINO BANK (OFBANK)* | 4.50 B |
Type of Banks Above:
Black — Commercial/Universal Banks
Blue — Savings or Thrift Banks
Red — Rural Banks
Note: Equicom Savings Bank is not on above March 2023 list and neither on list as of Dec 2022.
Top 75 Philippine Banks, by Assets as of September 2022, all types of banks ranked together
RANK BANK ASSETS in TRILLION/BILLION PESOS
1 BDO — 3.73 T
2 LANDBANK — 2.76 T
3 BPI — 2.52 T
4 METROBANK — 2.46 T
5 CHINABANK — 1.22 T
6 PNB — 1.18 T
7 RCBC — 1.09 T
8 DBP — 1.04 T
9 UNION BANK — 949.64 B
10 SECURITY BANK — 838.80 B
11 EASTWEST — 388.25 B
12 CITIBANK — 367.72 B
13 AUB — 314.98 B
14 PSBANK — 251.50 B
15 HSBC — 217.56 B
16 BANKCOM — 203.54 B
17 ROBINSONS — 174.79 B
18 PHILTRUST — 169.60 B
19 PBCOM — 124.00 B
20 STANDARD CHARTERED — 107.50 B
21 PHILIPPINE BUSINESS — 126.56 B
22 CHINA BANK SAVINGS — 118.45 B
23 CITY SAVINGS — 114.83 B
24 MAYBANK — 100.79 B
25 MUFG BANK — 96.22 B
26 MIZUHO — 81.32 B
27 BDO NETWORK BANK — 80.04 B
28 BANK OF CHINA — 70.88 B
29 CTBC PHILS — 67.79 B
30 VETERANS — 60.31 B
31 JP MORGAN CHASE — 56.99 B
32 DEUTSCHE BANK — 51.34 B
33 BANK OF MAKATI — 48.57 B
34 ANZ — 45.43 B
35 SUMITOMO MITSUI — 40.72 B
36 BDO PRIVATE BANK — 39.73 B
37 STERLING BANK — 39.41 B
38 BANK OF AMERICA — 32.52 B
39 PRODUCERS SAVINGS — 30.88 B
40 ING BANK — 26.51 B
41 EASTWEST RURAL — 24.66 B
42 CIMB BANK — 24.40 B
43 FIRST CONSOLIDATED — 23.40 B
44 CARD BANK RB — 22.11 B
45 KEB HANA BANK — 21.33 B
46 BPI DIRECT BANKO — 19.18 B
47 HSBC SAVINGS BANK — 16.97 B
48 UCPB SAVINGS — 16.79 B
49 MEGA INTERNATIONAL — 13.62 B
50 INDUSTRIAL & COMMERCIAL BANK OF CHINA — 11.80 B
51 WEALTH DEVELOPMENT — 11.78 B
52 BANGKOK BANK — 11.39 B
53 SEABANK — 11.13B
54 MALAYAN SAVINGS BANK — 11.06 B
55 1ST VALLEY BANK — 10.95 B
56 TONIK DIGITAL — 10.90 B
57 EQUICOM — 10.58 B
58 SHINHAN BANK — 9.33 B
59 INDUSTRIAL BANK OF KOREA — 8.87 B
60 CARD SME BANK — 8.29 B
61 HUA NAN COMMERCIAL — 7.74 B
62 CATHAY UNITED BANK — 7.73 B
63 GUAGUA RURAL BANK — 6.99 B
64 LUZON DEVELOPMENT BANK — 6.43 B
65 CARD MRI RIZAL BANK — 6.15 B
66 CEBUANA LHUILLIER RB — 6.07 B
67 CHANG HWA COMMERCIAL — 6.01 B
68 CITYSTATE SAVINGS — 5.18 B
69 UNITED OVERSEAS — 4.81 B
70 BOF RB — 4.74 B
71 FIRST ISABELA (FICO) — 4.62 B
72 ALLBANK — 4.59 B
73 OVERSEAS FILIPINO BANK (OFBANK) — 4.52 B
74 AGRIBUSINESS RB — 4.45 B
75 METRO SOUTH COOP — 4.45 B
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
- BDO — 3.262 Trillion pesos
- LANDBANK — 2.405 T
- METROBANK — 2.082 T
- BPI — 1.894 T
- PNB — 1.142 T
- DBP — 1.103 T
- CHINABANK — 914.816 Billion pesos
- RCBC — 795.893 B
- SECURITY BANK — 717.606 B
- UNION BANK — 662.909 B
- CITIBANK — 366.370 B
- EASTWEST — 363.222 B
- UCPB — 322.906 B
- AUB — 309.910 B
- BPI FAMILY — 274.649 B
- PSBANK — 226.396 B
- HSBC — 194.646 B
- BANKCOM — 194.597 B
- PHILTRUST — 165.267 B
- ROBINSONS — 161.310 B
- PHILIPPINE BUSINESS — 119.588 B
- PBCOM — 103.997 B
- MAYBANK — 102.657 B
- CHINA BANK SAVINGS — 97.814 B
- CITY SAVINGS — 96.168 B
- MUFG BANK — 91.825 B
- MIZUHO — 84.827 B
- STANDARD CHARTERED — 67.111 B
- VETERANS — 53.875 B
- DEUTSCHE BANK — 53.070 B
- ANZ Banking — 52.495 B
- CTBC PHILS — 50.439 B
- BDO NETWORK BANK — 46.222 B
- BANK OF MAKATI — 45.190 B
- SUMITOMO MITSUI — 44.309 B
- BANK OF CHINA — 43.314 B
- JP MORGAN CHASE — 42.642 B
- BDO PRIVATE — 40.190 B
- STERLING BANK — 40.029 B
- ING BANK — 33.643 B
- EAST WEST RURAL — 29.205 B
- BANK OF AMERICA — 24.306 B
- PRODUCERS SAVINGS — 23.868 B
- FIRST CONSOLIDATED — 20.781 B
- UCPB SAVINGS — 20.535 B
- BPI DIRECT BANKO — 20.318 B
- CARD BANK — 20.067 B
- CIMB BANK — 16.196 B
- KEB HANA BANK — 14.677 B
- HSBC SAVINGS BANK — 14.253 B
- MEGA INTERNATIONAL — 13.828 B
- WEALTH DEVELOPMENT — 12.736 B
- EQUICOM — 11.112 B
- 1ST VALLEY BANK — 11.070 B
- BANGKOK BANK — 10.873 B
- INDUSTRIAL & COMMERCIAL BANK OF CHINA — 10.265 B
- MALAYAN SAVINGS BANK — 10.004 B
- CARD SME BANK — 9.015 B
- INDUSTRIAL BANK OF KOREA — 7.222 B
- 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
If you like to see our country’s Top Banks in Earlier Years, go to these lists of TOP BANKS in the Philippines on Google Drive
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