Top Rural Banks in the Philippines

Updated July 14, 2023

Here are the 100 TOP RURAL BANKS in the Philippines, 

based on TOTAL ASSETS, as of March 2023, as published by the Bangko Sentral ng Pilipinas (BSP) on its website bsp.gov.ph.

Table of Contents

• List of the top 100 Rural Banks in the Philippines as of March 2023
  • Top 50: The 50 Billionaire Rural Banks
  • 51st to 100th: The Top 50 Multi-Millionaire Rural Banks
• Notable Changes Between Sep 2022 and March 2023
• What are Rural Banks?
• What Happened to Rural Banks No Longer in the Latest Lists?
• Previous Rural Bank Rankings: Sep, 2022, Dec 2021, March 2021, Dec 2020, Dec 2019, June 2018, March 2018, Sep 2017

TOP 50 Rural Banks — The Billionaire Rural Banks! — as of March 31, 2023

RANK	RURAL BANK	TOTAL ASSETS
MAR		BILLION PESOS
2023
1	BDO Network Bank	91.72 B
2	East West Rural Bank	29.14 B
3	Card Bank (A MF RB)	23.35 B
4	SeaBank Philippines	13.28 B
5	Guagua Rural Bank	7.76 B
6	Cebuana Lhuillier	6.53 B
7	Card MRI Rizal Bank	6.28 B
8	Agribusiness Rural Bank	4.94 B
9	BOF Inc. Rural Bank	4.80 B
10	FicoBank	4.68 B
11	Quezon Capital RB	4.06 B
12	Rang-ay Bank	3.80 B
13	RB of Angeles	3.53 B
14	GM Bank of Luzon	3.47 B
15	TR Bank (A Rural Bank)	3.40 B
16	Country Builders Bank	3.24 B
17	Coop Bank of Cotabato	3.11 B
18	Enterprise Bank (A Rural Bank)	2.79 B
19	Katipunan Banking	2.67 B
20	Marayo Bank (A Rural Bank)	2.60 B
21	Summit Bank	2.56 B
22	Ilocos Consolidated Cooperative	2.50 B
23	Mindanao Consolidated Coop	2.50 B
24	RB of Porac	2.41 B
25	Cantilan Bank	2.29 B
26	Bangko Mabuhay	2.0 B
27	New RB of San Leonardo	1.84 B
28	RB of Barili (Cebu)	1.81 B
29	Camalig Bank	1.78 B
30	Mt Carmel Rural Bank	1.57 B
31	One Unified Rural Bank of Cavite	1.51 B
32	RB of Cauayan	1.51 B
33	First Imperial Business Bank	1.48 B
34	MVSM Bank	1.46 B
35	RB of Digos	1.42 B
36	Imus Rural Bank	1.33 B
37	RB of Loon (Bohol)	1.29 B
38	RB of Central Pangasinan	1.26 B
39	Mactan Rural Bank (Lapu-Lapu)	1.19 B
40	First Philippine Partners Bank	1.19 B
41	Zambales Rural Bank	1.17 B
42	Coop Bank of Benguet	1.13 B
43	RB of San Mateo (Isabela)	1.11 B
44	Malarayat Rural Bank	1.10 B
45	Gateway Rural Bank	1.10 B
46	First Tagum Rural Bank	1.06 B
47	Aspac Rural Bank	1.04 B
48	Coop Bank of Quezon Province	1.03 B
49	RB of Guinobatan	1.02 B
50	Highland Rural Bank	1.02 B

51st to 100th Rural Banks

51	Bankways Inc. (A Rural Bank)	999.7 M
52	RB of Solano (Nueva Vizcaya)	947.7 M
53	RBT Bank, A Rural Bank	941.4 M
54	Mallig Plains RB (Isabela)	936.9 M
55	RB of Magdalena (Laguna)	935.9 M
56	Netbank (A Rural Bank)	913.7 M
57	Coop Bank of Palawan	904.8 M
58	RB of Rizal (Zamboanga del Norte)	893.4 M
59	RB of Lebak (Sultan Kudarat)	879.0 M
60	RB of Sta Ignacia	868.7 M
61	Village Bank (A Rural Bank)	866.6 M
62	PlanBank RB of Canlubang Planters	848.1 M
63	Dungganon Bank	824.3 M
64	RB of Tangub City (Mis Occ)	822.0 M
65	RB of Gattaran (Cagayan)	820.3 M
66	RB of Bambang (Nueva Vizcaya)	807.3 M
67	RB of Rosario (La Union)	790.6 M
68	RB of San Pascual (Obando Bulacan)	784.5 M
69	Cooperative Bank of Nueva Vizcaya	778.1 M
70	RB of Maria Aurora (Aurora)	763.7 M
71	Entrepreneur RB	735.0 M
72	CSFirst Bank	731.3 M
73	RB of Pola (Oriental Mindoro)	726.2 M
74	Network Consolidated Coop	725.8 M
75	Bangko Montanosa	725.6 M
76	RB of Dumangas	681.9 M
77	BHF Rural Bank	679.7 M
78	RB of Itogon (Benguet)	673.5 M
79	Common Wealth Rural Bank	670.1 M
80	South Bank (A Rural Bank)	664.6 M
81	Bayanihan Bank	658.6 M
82	Saviour Rural Bank	642.7 M
83	Laguna Prestige Banking Corp.	641.6 M
84	RB of Jaen	639.8 M
85	RB of Bagabag (N.V.)	639.1 M
86	Community RB of Dapitan City	630.3 M
87	Rural Bank of San Antonio	623.0 M
88	Coop Bank of Cagayan	609.1 M
89	Cooperative Bank of Bohol	587.5 M
90	RB of Cardona (Rizal)	580.9 M
91	RNG Bank	579.2 M
92	Innovative Bank (A Rural Bank)	570.1 M
93	Aliaga Farmers Rural Bank	561.1 M
94	RB of Paracale (Camarines Norte)	549.1 M
95	RB of Pilar (Bataan)	543.9 M
96	Lagawe Highlands	541.6 M
97	RB of Montalban	519.4 M
98	RB of Pilar (Sorsogon)	510.1 M
99	RB of San Luis (Pampanga)	493.5 M
100	RB of Mangaldan	492.6 M

*FicoBank = First Isabela Coop Bank

*Summit Bank (RB of Tublay Inc.)

*MVSM Bank (A Rural Bank Since 1953) Inc.

*RB of Central Pangasinan (Bayambang) Inc.

Notable Changes Between September 2022 and March 2023:

Tonik Digital is no longer in this list because it was one of the six banks licensed by the BSP as digital banks.

Metro South Coop Bank is not in the list above because it has merged with Consolidated Cooperative Bank and Bataan Cooperative Bank on January 25, 2023 to form One Cooperative Bank (OCB). Circular Letter No. CL-2023-019. Metro South is one of the top rural banks by assets in the past rankings. I think One Cooperative Bank will be in the top 5 or top 10 once they submit their reports as a consolidated bank.

Netbank is the newest rural bank in the above list. It was launched in October 2021 by Filipino and international bankers. It claims to be the first bank offering Banking as a Service (BaaS) in Southeast Asia.

Lifebank – A Rural Bank is not in the above Top 100 list. It’s either that it missed the report submission deadline, or its assets decreased. It’s Facebook page is Active: facebook.com/profile.php?id=100063689607002

Welcome Bank (Rural Bank) is not in the above list. Let’s see in the next quarter if it missed the March 2023 report submission deadline, or its assets decreased. Its website is Active: welcomebank.com.ph

Liberty Bank, a rural bank based in Meycauyan, Bulacan, is not in the above list. Maybe it missed the report deadline or its assets decreased.

Top 100 Rural Banks in the Philippines based on Assets as of September 2022

1 BDO Network Bank – 80.04 B
2 East West Rural Bank – 24.66 B
3 Card Bank (A MF RB) – 22.11 B
4 SeaBank Philippines – 11.13 B
5 Tonik Digital – 10.90 B
6 Guagua Rural Bank – 6.99 B
7 Card MRI Rizal Bank – 6.15 B
8 Cebuana Lhuillier – 6.07 B
9 BOF Inc. Rural Bank – 4.73 B
10 FicoBank – 4.62 B
11 Agribusiness Rural Bank – 4.45 B
12 Metro South Coop Bank – 4.45 B
13 Quezon Capital RB – 4.22 B
14 Rang-ay Bank – 3.77 B
15 GM Bank of Luzon – 3.35 B
16 TR Bank (A Rural Bank) – 3.07 B
17 RB of Angeles – 3.02 B
18 Coop Bank of Cotabato – 2.77 B
19 Country Builders Bank – 2.74 B
20 Katipunan Banking – 2.68 B
21 Enterprise Bank (A Rural Bank) – 2.62 B
22 Ilocos Consolidated Cooperative – 2.55 B
23 Marayo Bank (A Rural Bank) – 2.51 B
24 Mindanao Consolidated Coop – 2.50 B
25 RB of Porac – 2.45 B
26 Summit Bank – 2.35 B
27 Cantilan Bank 2.13 B
28 Bangko Mabuhay – 2.03 B
29 Camalig Bank – 1.75 B
30 New RB of San Leonardo – 1.71 B
31 RB of Barili (Cebu) – 1.64 B
32 Consolidated Cooperative Bank – 1.59 B
33 RB of Loon (Bohol) – 1.56 B
34 RB of Cauayan – 1.55 B
35 Mt Carmel Rural Bank – 1.53 B
36 One Unified Rural Bank of Cavite – 1.52 B
37 First Imperial Business Bank – 1.47 B
38 MVSM Bank – 1.43 B
39 Imus Rural Bank – 1.35 B
40 RB of Digos – 1.30 B
41 RB of Central Pangasinan – 1.27 B
42 First Philippine Partners Bank – 1.23 B
43 Zambales Rural Bank – 1.14 B
44 Mactan Rural Bank (Lapu-Lapu) – 1.13 B
45 RB of San Mateo (Isabela) – 1.10 B
46 First Tagum Rural Bank – 1.08 B
47 Gateway Rural Bank – 1.08 B
48 Lifebank – A Rural Bank – 1.07 B
49 Malarayat Rural Bank – 1.06 B
50 Coop Bank of Quezon Province – 1.01 B
51 Bankways Inc. (A Rural Bank) – 999.5 M
52 Highland Rural Bank – 993.3 M
53 RB of Guinobatan – 985.3 M
54 Coop Bank of Benguet – 976.3 M
55 RB of Solano (Nueva Vizcaya) – 965.1 M
56 RB of Magdalena (Laguna) – 959,3M
57 RBT Bank, A Rural Bank – 928.2 M
58 Mallig Plains RB (Isabela) – 918.2 M
59 RB of Rizal (Zamboanga del Norte) – 914.8 M
60 Coop Bank of Palawan – 905.6 M
61 PlanBank RB of Canlubang Planters – 889.2 M
62 RB of Sta Ignacia – 883.2 M
63 RB of Gattaran (Cagayan) – 883.0 M
64 Village Bank (A Rural Bank) – 857.0 M
65 RB of Bambang (Nueva Vizcaya) – 818.0 M
66 Common Wealth Rural Bank – 807.7 M
67 RB of Tangub City (Mis Occ) – 805.4 M
68 RB of San Pascual (Obando Bulacan) – 800.8 M
69 RB of Lebak (Sultan Kudarat) – 796.3 M
70 RB of Rosario (La Union) – 772.5 M
71 RB of Maria Aurora (Aurora) – 753.2 M
72 Cooperative Bank of Nueva Vizcaya – 743.8 M
73 BHF Rural Bank – 729.6 M
74 Entrepreneur RB – 720.9 M
75 RB of Pola (Oriental Mindoro) – 718.2 M
76 Dungganon Bank – 695.8 M
77 RB of Dumangas – 685.1 M
78 Bangko Montanosa – 681.3 M
79 RB of Bagabag (N.V.) – 659.4 M
80 Network Consolidated Coop – 653.5 M
81 Laguna Prestige Banking Corp. – 648.0 M
82 RB of Itogon (Benguet) – 647.7 M
83 RB of Cardona (Rizal) – 633.4 M
84 South Bank (A Rural Bank) – 631.2 M
85 Saviour Rural Bank – 629.0 M
86 Rural Bank of San Antonio – 620.9 M
87 Community RB of Dapitan City – 612.9 M
88 Bayanihan Bank – 605.7 M
89 Coop Bank of Cagayan – 601.5 M
90 RB of Jaen – 596.0 M
91 RB of Pilar (Bataan) – 587.7 M
92 Cooperative Bank of Bohol – 584.1 M
93 RNG Bank – 561.0 M
94 Innovative Bank (A Rural Bank) – 540.7 M
95 RB of Paracale (Camarines Norte) – 529.3 M
96 RB of Montalban – 527.7 M
97 Aliaga Farmers Rural Bank – 526.9 M
98 Welcome Bank (Rural Bank) – 521.3 M
99 Liberty Bank – 513.4 M
100 RB of Pilar (Sorsogon) – 507.4 M

Notes on some Rural Banks in the List Above:

— SeaBank Philippines has been the fastest growing rural bank in the past several months. It’s now the 4th biggest rural bank based on assets! That’s like a rocket launch from a low level of 90th in September 2021 to No. 4 just a year later in September 2022. There are now several SeaBank Facebook groups, with one of them having nearly 60k members.

GM Bank of Luzon (No. 9 in Dec 2020 Ranking, headquartered in Cabanatuan City, Nueva Ecija) is missing in the March 2021 Ranking. Maybe it missed the report submission deadline?
— Tonik Digital Bank is now licensed as a Digital Bank by the BSP. It was the second bank approved by the BSP to operate as a digital bank.
— Card Bank. Unlike the other 2 billionaire rural banks which are owned by 2 of the biggest banks in the country, Card Bank is a a microfinance-oriented rural bank and a member of the group known as the CARD Mutually Reinforcing Institutions (CARD MRI) whose top aim is to help small businesses, families and communities. It’s based in San Pablo City, Laguna.

What Are Rural Banks?

Rural banks are banks that serve primarily rural communities. They operate as savings and credit facilities for farmers, fishermen, merchants, rural cooperatives, small business enterprises and other members of rural communities.
A rural bank is organized as a stock corporation and fully owned by Filipino citizens and organizations.

The minimum capitalization for a rural bank is 10 million pesos. That’s for a rural bank with one office and established in a 4th class to 6th class municipality outside the NCR.
In the NCR, the minimum capitalization for a rural bank with one to 10 branches is 75 million pesos.

What are the banking services that rural banks can do, according to BSP regulations?

What Happened to Rural Banks No Longer in the Top Rural Banks List?

• One Unified Rural Bank of Cavite Inc. (OUR Bank) resulted from the mergers of Rural Bank of General Trias Inc., Rural Bank of Maragondon Inc., Bangko Noveleta Inc. A Rural Bank and Sto. Nino Rural Bank of Ternate, Cavite. Consolidation was registered with the SEC on December 12, 2019. OUR Bank started as a consolidated rural bank on July 1, 2020. BSP Circular Letter No. CL-2020-031
• PBCom Rural Bank (previously #21) has been acquired by Producers Savings Bank Corp., with the merger taking effect on April 15, 2021, according to BSP Circular Letter No. CL-2021-040
• Katipunan Bank (previously #16) has merged with Rural Bank of Siocon (Zamboanga del Norte) Inc. into a new rural bank named Katipunan Banking Corp. (A Rural Bank)
• FICOBank means First Isabela Coop Bank
• TRBank means Tanay Rural Bank
• Summit Bank is Rural Bank of Tublay

TOP 100 Rural Banks in the Philippines, based on assets as of December 2021.

1 to 47th — Billionaire Rural Banks

1 BDO Network Bank — 54.75 B
2 East West Rural Bank — 29.07 B
3 Card Bank (A MF RB) — 21.41 B
4 Guagua Rural Bank — 6.88 B
5 Card MRI Rizal Bank — 6.41 B
6 Tonik Digital Bank — 5.88 B
7 Cebuana Lhuillier RB — 5.44 B
8 FicoBank — 4.67 B
9 BOF Inc. Rural Bank — 4.46 B
10 Quezon Capital RB — 4.02 B
11 Agribusiness Rural Bank — 3.84 B
12 GM Bank of Luzon — 3.69 B
13 Metro South Coop Bank — 3.66 B
14 Rang-ay Bank — 3.61 B
15 Country Builders Bank — 2.85 B
16 TR Bank (A Rural Bank) — 2.77 B
17 RB of Angeles — 2.72 B
18 Marayo Bank (A Rural Bank) — 2.54 B
19 Enterprise Bank (A Rural Bank) — 2.54 B
20 Katipunan Banking — 2.52 B
21 Coop Bank of Cotabato — 2.43 B
22 Summit Bank — 2.28 B
23 Ilocos Consolidated Cooperative — 2.27 B
24 Cantilan Bank — 2.18 B
25 Mindanao Consolidated — 2.17 B
26 RB of Porac — 2.10 B
27 Bangko Mabuhay — 1.97 B
28 New RB of San Leonardo — 1.82 B
29 Camalig Bank — 1.82 B
30 Consolidated Cooperative Bank — 1.70 B
31 RB of Cauayan — 1.49 B
32 One Unified Rural Bank of Cavite — 1.44 B
33 Mt Carmel Rural Bank — 1.43 B
34 First Imperial Business Bank — 1.41 B
35 MVSM Bank — 1.40 B
36 RB of Barili (Cebu) — 1.38 B
37 Imus Rural Bank — 1.30 B
38 RB of Digos — 1.20 B
39 Zambales Rural Bank — 1.16 B
40 RB of Central Pangasinan — 1.16 B
41 Gateway Rural Bank — 1.15 B
42 First Philippine Partners Bank — 1.09 B
43 RB of San Mateo (Isabela) — 1.06 B
44 Coop Bank of Benguet — 1.05 B
45 Mactan Rural Bank (Lapu-Lapu) — 1.02 B
46 Lifebank – A Rural Bank — 1.01 B
47 First Tagum Rural Bank — 1.01 B

48TH TO 100TH RURAL BANKS

48 Malarayat Rural Bank — 990 M
49 RB of Guinobatan — 973 M
50 Highland Rural Bank — 972 M
51 Mallig Plains RB (Isabela) — 942 M
52 RB of Magdalena (Laguna) — 934 M
53 RB of Rizal (Zamboanga del Norte) — 928 M
54 RTB Bank, A Rural Bank — 902 M
55 Coop Bank of Palawan — 899 M
56 Coop Bank of Quezon Province — 898 M
57 Bankways Inc. (A Rural Bank) — 881 M
58 PlanBank RB of Canlubang Planters — 881 M
59 RB of Sta Ignacia — 867 M
60 RB of Solano (Nueva Vizcaya) — 864 M
61 Village Bank (A Rural Bank) — 848 M
62 Banco Laguna — 840 M
63 RB of Tangub City (Mis Occ) — 827 M
64 RB of Bambang (Nueva Vizcaya) — 822 M
65 RB of Gattaran (Cagayan) — 820 M
66 RB of Maria Aurora (Aurora) — 812 M
67 RB of Lebak (Sultan Kudarat) — 797 M
68 BHF Rural Bank — 777 M
69 Cooperative Bank of Nueva Vizcaya — 774 M
70 RB of Rosario (La Union) — 752 M
71 Common Wealth Rural Bank — 710 M
72 RB of San Pascual (Obando Bulacan) — 705 M
73 RB of Dumangas — 695 M
74 RB of Pola (Oriental Mindoro) — 689 M
75 Entrepreneur RB — 672 M
76 Saviour Rural Bank — 656 M
77 RB of Bagabag (N.V.) — 647 M
78 RB of Itogon (Benguet) — 642 M
79 Laguna Prestige Banking Corp. — 637 M
80 Rural Bank of San Antonio — 630 M
81 Cooperative Bank of Bohol — 618 M
82 Bangko Montanosa — 614 M
83 RB of Pilar (Bataan) — 582 M
84 RB of Cardona (Rizal) — 578 M
85 RNG Bank — 569 M
86 Dungganon Bank — 568 M
87 Coop Bank of Cagayan — 567 M
88 South Bank (A Rural Bank) — 561 M
89 Commty RB of Dapital City — 561 M
90 RB of Jaen — 550 M
91 Bayanihan Bank — 542 M
92 Welcome Bank (Rural Bank) — 533 M
93 RB of Paracale (Camarines Norte) — 525 M
94 Aliaga Farmers Rural Bank — 521 M
95 Innovative Bank (A Rural Bank) — 519 M
96 RB of Pilar (Sorsogon) — 509 M
97 RB of Bayombong — 502 M
98 RB of Montalban — 494 M
99 Secured Bank — 485 M
100 Lagawe Highlands — 483 M

TOP 38 — 38 Billionaire Rural Banks! as of March 2021

RANK	RURAL BANK	TOTAL ASSETS
MARCH		BILLION PESOS
2021
1	BDO Network Bank	46.22 B
2	East West Rural Bank	29.21 B
3	Card Bank	20.07 B
4	Guagua Rural Bank	6.32 B
5	Card MRI Rizal Bank	5.97 B
6	Cebuana Lhuillier RB	4.95 B
7	FicoBank	4.28 B
8	BOF Inc. Rural Bank	4.07 B
9	Quezon Capital RB	3.89 B
10	Agribusiness Rural Bank	3.57 B
11	Metro South Coop Bank	3.53 B
12	Rang-ay Bank	3.49 B
13	RB of Angeles	2.88 B
14	Country Builders Bank	2.88 B
15	Katipunan Banking	2.52 B
16	Coop Bank of Cotabato	2.37 B
17	Summit Bank	2.32 B
18	Marayo Bank	2.25 B
19	Cantilan Bank	2.22 B
20	Ilocos Consolidated	2.05 B
21	Mindanao Consolidated	2.01 B
22	RB of Porac	2.00 B
23	Bangko Mabuhay	1.98 B
24	PBCom Rural Bank	1.90 B
25	Camalig Bank	1.73 B
26	New RB of San Leonardo	1.72 B
27	RB of Cauayan	1.46 B
28	Mt Carmel Rural Bank	1.44 B
29	One Unified Rural Bank of Cavite	1.37 B
30	MVSM Bank	1.36 B
31	RB of Barili (Cebu)	1.32 B
32	Zambales Rural Bank	1.18 B
33	RB of Central Pangasinan	1.17 B
34	Aspac Rural Bank	1.16 B
35	Coop Bank of Benguet	1.10 B
36	RB of Digos	1.08 B
37	Gateway Rural Bank	1.06 B
38	First Imperial Business Bank	1.03 B

39th to 100th Top Rural Banks, as of March 31, 2021

39	RB of San Mateo (Isabela)	995 M
40	Lifebank	981 M
41	Highland Rural Bank	970 M
42	First Tagum Rural Bank	956 M
43	Malarayat Rural Bank	949 M
44	RB of Magdalena	921 M
45	Mactan Rural Bank	918 M
46	RB of Rizal (Zamboanga del Norte)	912 M
47	Mallig Plains RB (Isabela)	888 M
48	Coop Bank of Quezon Prov	863 M
49	RBT Bank	848 M
50	PlanBank RB of Canlubang	841 M
51	Bankways Inc.	834 M
52	RB of Sta Ignacia	822 M
53	RB of Guinobatan	802 M
54	RB of Maria Aurora (Aurora)	792 M
55	RB of Tangub City (Mis Occ)	788 M
56	RB of Bambang (Nueva Vizcaya)	784 M
57	Tonik Digital Bank	774 M
58	RB of Solano (Nueva (Vizcaya)	772 M
59	Community RB of Catmon (Cebu)	766 M
60	Village Bank	753 M
61	RB of Gattaran (Cagayan)	751 M
62	RB of Pola (Oriental Mindoro)	740 M
63	RB of Rosario (La Union)	737 M
64	RB of Lebak (Sultan Kudarat)	732 M
65	Entrepreneur RB	706 M
66	BHF Rural Bank	704 M
67	RB of Dumangas	701 M
68	Coop. Bank of Nueva Vizcaya	670 M
69	Saviour Rural Bank	661 M
70	RB of San Pascual (Obando Bulacan)	654 M
71	RB of Bagabag (Nueva Vizcaya)	636 M
72	Laguna Prestige Banking Corp.	633 M
73	RB of San Antonio	617 M
74	RB of Itogon (Benguet)	612 M
75	Common Wealth RB	611 M
76	Bangko Montanosa	606 M
77	RB of Pilar (Bataan)	595 M
78	Cavite United RB	572 M
79	RB of Cardona (Rizal)	563 M
80	RB of Jaen	558 M
81	Innovative Bank	556 M
82	Coop Bank of Cagayan	548 M
83	Community RB of Dapitan City	542 M
84	Cooperative Bank of Bohol	538 M
85	RB of Paracale (Cam Norte)	522 M
86	South Bank	519 M
87	Banco Laguna	511 M
88	RB of Bayombong	502 M
89	RB of Montalban	500 M
90	RB of Pilar (Sorsogon)	498 M
91	Dungganon Bank	492 M
92	Bayanihan Bank	486 M
93	Aliaga Farmers RB	470 M
94	RNG Coastal Bank	470 M
95	FBC First Bank of Calaca	466 M
96	RB of Bay Inc.	461 M
97	Benguet Center Bank	455 M
98	RB of Mangaldan	450 M
99	Secured Bank	449 M
100	RB of Mabalacat	448 M

40 Billionaire Rural Banks in the Philippines, December 2020

1 BDO Network Bank – 40.76 Billion Pesos
2 East West Rural Bank – 28.26 B
3 Card Bank – 18.95 B
4 Card MRI Rizal Bank – 6.40 B
5 Guagua Rural Bank – 6.10 B
6 Cebuana Lhuillier RB – 4.62 B
7 FicoBank – 4.33 B
8 BOF Inc. Rural Bank – 4.03 B
9 GM Bank of Luzon – 3.92 B
10 Quezon Capital RB – 3.85 B
11 Agribusiness Rural Bank – 3.55 B
12 Metro South Coop Bank – 3.52 B
13 Rang-ay Bank – 3.42 B
14 RB of Angeles – 2.97 B
15 Country Builders Bank – 2.88 B
16 Coop Bank of Cotabato – 2.51 B
17 TRBank – 2.44 B
18 Cantilan Bank – 2.34 B
19 Summit Bank – 2.31 B
20 Marayo Bank – 2.24 B
21 Bangko Mabuhay – 1.99 B
22 Ilocos Consolidated – 1.99 B
23 RB of Porac – 1.97 B
24 Mindanao Consolidated – 1.89 B
25 New RB of San Leonardo – 1.74 B
26 Camalig Bank – 1.67 B
27 Consolidated Cooperative – 1.42 B
28 RB of Cauayan – 1.40 B
29 Mt Carmel Rural Bank – 1.39 B
30 MVSM Bank – 1.36 B
31 One Unified Rural Bank of Cavite – 1.34 B
32 RB of Barili (Cebu) – 1.30 B
33 Zambales Rural Bank – 1.20 B
34 Aspac Rural Bank – 1.14 B
35 RB of Central Pangasinan – 1.14 B
36 RB of Digos – 1.11 B
37 Coop Bank of Benguet – 1.04 B
38 Gateway – 1.04 B
39 Lifebank – 1.01 B
40 First Imperial Business Bank – 1.00 B

Notable Changes in the Ranking of Rural Banks from Dec 2019 to Dec 2020

• Cebuana Lhuillier RB moved up from #13 to #6, from 3B to 4.62B in total assets
• Agribusiness Rural Bank moved up from #14 to #11, from 2.94B to 3.55B
• Coop Bank of Cotabato moved up from #20 to #16, from 2.16B to 2.51B
• TRBank moved up to #17, to 2.44B
• Mt Carmel Rural Bank moved to #29 to 1.39B
• One Unified Rural Bank of Cavite is ranked #31 to 1.34B (see merger details below)

39 Top Rural Banks in the Philippines, Dec 2019

based on TOTAL ASSETS, as of December 2019, as published by the BSP on its website bsp.gov.ph.

Here are the 39 Billionaire Rural Banks!

RANK	RURAL BANK	TOTAL ASSETS
DEC		BILLION PESOS
2019
1	BDO Network Bank	32.56
2	East West Rural Bank	29.91
3	Card Bank	18.25
4	Guagua Rural Bank	5.70
5	Card MRI Rizal Bank	5.16
6	FicoBank	4.35
7	Metro South Coop Bank	4.22
8	GM Bank of Luzon	4.17
9	BOF Inc. Rural Bank	3.79
10	RB of Angeles	3.66
11	Quezon Capital RB	3.57
12	Rang-ay Bank	3.16
13	Cebuana Lhuillier RB	3.00
14	Agribusiness Rural Bank	2.94
15	Country Builders Bank	2.92
16	Katipunan Bank	2.39
17	Cantilan Bank	2.38
18	Marayo Bank	2.37
19	Summit Bank	2.23
20	Coop Bank of Cotabato	2.16
21	PBCom Rural Bank	2.15
22	Bangko Mabuhay	2.07
23	RB of Porac	2.04
24	Ilocos Consolidated	1.75
25	Mindanao Consolidated	1.72
26	Camalig Bank	1.71
27	New RB of San Leonardo	1.66
28	Consolidated Cooperative	1.55
29	RB of Cauayan	1.34
30	MVSM Bank	1.33
31	Imus Rural Bank	1.28
32	Zambales Rural Bank	1.22
33	RB of Barili (Cebu)	1.21
34	Aspac Rural Bank	1.19
35	RB of Central Pangasinan	1.09
36	RB of Digos	1.08
37	Coop Bank of Palawan	1.04
38	Lifebank	1.03
39	Gateway	1.01

38 Top Rural Banks, Based on Assets as of June 2018

RANK	RURAL BANK	TOTAL ASSETS
JUNE		BILLION PESOS
2018
1	One Network Bank	27.15
2	East West Rural Bank	19.07
3	Card Bank	13.51
4	Guagua Rural Bank	4.85
5	First Isabela Coop Bank	4.08
6	GM Bank of Luzon	3.66
7	Quezon Capital Rural Bank	3.53
8	Metro South Coop Bank	3.27
9	BOF Inc. A Rural Bank	3.17
10	Rizal Bank	2.99
11	Rang-ay Bank	2.92
12	Country Builders Bank	2.88
13	AMA Rural Bank of Mandaluyong	2.62
14	Banco Dipolog	2.49
15	Katipunan Bank	2.46
16	Cantilan Bank	2.40
17	RB of Angeles	2.11
18	Summit Bank	2.10
19	Insular Savers Bank	1.97
20	Bangko Mabuhay	1.80
21	Coop Bank of Cotabato	1.79
22	Marayo Bank	1.74
23	Mindanao Consolidated	1.52
24	Ilocos Consolidated	1.44
25	RB of Cauayan	1.35
26	New RB of San Leonardo (NE)	1.34
27	RB of Pandi (Bulacan)	1.31
28	Camalig Bank	1.25
29	MVSM Bank	1.23
30	Imus Rural Bank	1.18
31	Consolidated Cooperative Bank	1.17
32	RB of Barili (Cebu)	1.14
33	Zambales Rural Bank	1.14
34	Aspac Rural Bank	1.05
35	Peoples Bank of Caraga	1.04
36	RB of Central Pangasinan	1.02
37	PlanBank (Rural Bank of Canlubang Planters)	1.00
38	PlanBank (Rural Bank of Canlubang Planters)	1.00

35 Top Rural Banks in the Philippines, based on Assets as of March 2018

RANK	RURAL BANK	TOTAL ASSETS
MAR		BILLION PESOS
2018
1	One Network Bank	27.22
2	East West Rural Bank	20.11
3	Card Bank	12.86
4	Guagua Rural Bank	4.70
5	First Isabela Coop Bank	4.09
6	GM Bank of Luzon	3.69
7	BOF Inc. A Rural Bank	3.20
8	Metro South Coop Bank	3.10
9	Country Builders Bank	2.82
10	Rang-ay Bank	2.80
11	Rizal Bank	2.67
12	Katipunan Bank	2.50
13	Cantilan Bank	2.34
14	Banco Dipolog	2.26
15	RB of Angeles	2.20
16	Summit Bank	2.03
17	Insular Savers Bank	1.75
18	Bangko Mabuhay	1.73
19	Coop Bank of Cotabato	1.67
20	Marayo Bank	1.66
21	Mindanao Consolidated	1.58
22	Ilocos Consolidated	1.42
23	RB of Cauayan	1.37
24	New RB of San Leonardo (NE)	1.35
25	RB of Pandi (Bulacan)	1.24
26	MVSM Bank	1.19
27	Peoples Bank of Caraga	1.19
28	Camalig Bank	1.17
29	Imus Rural Bank	1.12
30	Consolidated Cooperative Bank	1.12
31	RB of Barili (Cebu)	1.11
32	Aspac Rural Bank	1.02
33	Bankways	1.01
34	RB of Central Pangasinan	1.00
35	PlanBank (Canlubang Planters)	1.00

Rural Banks That Moved Up in Ranking from Sep 2017 to March 2018:

• Country Builders — from No. 16 to No. 9
• Rizal Bank — from 14 to 11
• BOF — from 9 to 7
• RB of Angeles — from 18 to 15
• Insular Savers — from 22 to 17
• Coop Bank of Cotabato — from 21 to 19
• Imus Bank — from 31 to 29
• Rang-ay Rural Bank — from 11 to 10
• Banco Dipolog — from 15 to 14
• Summit Bank — from 17 to 16
• Bangko Mabuhay — from 19 to 18
• Mindanao Consolidated — first-time appearance in the list
• Ilocos Consolidated — first time appearance in the list
• Peoples Bank of Caraga — first-time appearance in the list
• MVSM Bank — from 27 to 26
• Consolidated Cooperative — from 31 to 30
• Aspac — from 33 to 32

34 Top Rural Banks in the Philippines, by assets as of Sep 2017

RANK	RURAL BANK	TOTAL ASSETS	RANK
SEP		BILLION PESOS	SEP
2017			2016
1	One Network Bank	28.15	1
2	East West Rural Bank	22.61	2
3	Card Bank	11.22	3
4	Guagua Rural Bank	4.50	4
5	First Isabela Coop Bank	3.90	5
6	GM Bank of Luzon	3.45	6
7	Quezon Capital RB	3.42	8
8	Metro South Coop Bank	3.02	10
9	BOF Inc. A Rural Bank	2.91	11
10	AMA Rural Bank of Mandaluyong	2.72	9
11	Rang-ay Bank	2.54	15
12	Katipunan Bank	2.48	13
13	Cantilan Bank	2.41	12
14	Rizal Bank	2.17	19
15	Banco Dipolog	2.14	14
16	Country Builders Bank	2.06	16
17	Summit Bank	1.88	17
18	RB of Angeles	1.76	30
19	Bangko Mabuhay	1.64	21
20	Marayo Bank	1.56	25
21	Coop Bank of Cotabato	1.53	22
22	Insular Savers Bank	1.50	18
23	RB of Cauayan	1.34	24
24	New RB of San Leonardo (NE)	1.23	41
25	RB of Pandi (Bulacan)	1.23	29
26	People’s RB (Gen Santos)	1.20	—
27	MVSM Bank	1.19	31
28	Camalig Bank	1.14	27
29	Consolidated Cooperative Bank	1.14	28
30	RB of Barili (Cebu)	1.12	34
31	Imus Rural Bank	1.09	36
32	Bankways	1.08	32
33	Aspac Rural Bank	1.05	35
34	PlanBank (Canlubang)	1.02	37

4 Top Rural Banks based on 4 Factors (Assets, Deposits, Capital and Loans Granted), as of Sep 2017

1	One Network Bank
2	East West Rural Bank
3	Card Bank
4	Guagua Rural Bank

5 Rural Banks No Longer in Sep 2017 List

Five rural banks that were in the TOP 33 list in September 2016 but no longer in the TOP 33 list in September 2017:
• Valiant Bank moved down from Rank 33 to Rank 40.
These 4 other banks below are missing from the entire BSP ranking as of September 2017. I’m guessing they were delayed in submitting their financial reports to the BSP.
• Sep 2016 Rank 7   Agribusiness RB
• Sep 2016 Rank 20  RB of Porac (Pampanga)
• Sep 2016 Rank 23  Mt Carmel RB
• Sep 2016 Rank 26  Peoples Bank of Caraga

BIGGEST JUMPS in Rural Bank Ranking!
• People’s Rural Bank (General Santos City) moved up from outside the Top 100 in September 2016 to Rank 26 in September 2017
• New RB of San Leonardo (NE) moved up from Rank 41 to 24
• RB of Angeles moved up from Rank 30 to 18
• Rizal RB moved up from Rank 19 to 14
• Bank moved up from Rank 25 to 20
• Imus Rural Bank moved up from 36 to 31
• Rang-ay RB moved up from Rank 15 to 11
• RB of Pandi (Bulacan) moved up from 29 to 25
• MVSM Bank moved up from Rank 31 to 27
• RB of Barili (Cebu) moved up from 34 to 30