Updated March 30, 2024
Here are the 100 TOP RURAL BANKS in the Philippines,
based on TOTAL ASSETS, as of December 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 December 2023
- Top 57: The 57 Billionaire Rural Banks
- 58th to 100th: Multi-Millionaire Rural Banks in the Top 100
- Notable Changes Between March 2023 and December 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 57 Rural Banks — The Billionaire Rural Banks! — as of December 31, 2023
| RANK | RURAL BANK | TOTAL ASSETS |
| DEC | BILLION PESOS | |
| 2023 | ||
| 1 | BDO Network Bank | 107.99 B |
| 2 | East West Rural Bank | 33.04 B |
| 3 | Card Bank (A MF RB) | 25.06 B |
| 4 | SeaBank Philippines | 18.59 B |
| 5 | Cebuana Lhuillier | 8.31 B |
| 6 | Guagua Rural Bank | 8.13 B |
| 7 | Card MRI Rizal Bank | 6.93 B |
| 8 | FicoBank | 5.78 B |
| 9 | Agribusiness Rural Bank | 5.56 B |
| 10 | RB of Angeles | 5.42 B |
| 11 | One Cooperative Bank | 5.34 B |
| 12 | BOF Inc. Rural Bank | 5.17 B |
| 13 | Country Builders Bank | 4.48 B |
| 14 | Quezon Capital RB | 4.23 B |
| 15 | TR Bank (A Rural Bank) | 4.04 B |
| 16 | Rang-ay Bank | 3.86 B |
| 17 | GM Bank of Luzon | 3.55 B |
| 18 | Coop Bank of Cotabato | 3.42 B |
| 19 | Enterprise Bank (A Rural Bank) | 3.25 B |
| 20 | Mindanao Consolidated Coop | 2.84 B |
| 21 | Katipunan Banking | 2.69 B |
| 22 | Summit Bank | 2.61 B |
| 23 | Marayo Bank (A Rural Bank) | 2.56 B |
| 24 | Ilocos Consolidated Cooperative | 2.42 B |
| 25 | Cantilan Bank | 2.41 B |
| 26 | RB of Porac | 2.38 B |
| 27 | Camalig Bank | 2.24 B |
| 28 | Netbank (A Rural Bank) | 2.01 B |
| 29 | Bangko Mabuhay | 1.96 B |
| 30 | New RB of San Leonardo | 1.86 B |
| 31 | RB of Guinobatan | 1.81 B |
| 32 | RB of Digos | 1.72 B |
| 33 | RB of Barili (Cebu) | 1.70 B |
| 34 | Mt Carmel Rural Bank | 1.67 B |
| 35 | One Unified Rural Bank of Cavite | 1.54 B |
| 36 | RB of Cauayan | 1.51 B |
| 37 | First Imperial Business Bank | 1.50 B |
| 38 | MVSM Bank | 1.46 B |
| 39 | Aspac Rural Bank | 1.39 B |
| 40 | Coop Bank of Benguet | 1.31 B |
| 41 | RB of Central Pangasinan | 1.30 B |
| 42 | Imus Rural Bank | 1.29 B |
| 43 | Zambales Rural Bank | 1.25 B |
| 44 | First Philippine Partners Bank | 1.23 B |
| 45 | Mactan Rural Bank (Lapu-Lapu) | 1.21 B |
| 46 | RB of San Mateo (Isabela) | 1.14 B |
| 47 | Lifebank, A Rural Bank | 1.13 B |
| 48 | Gateway Rural Bank | 1.13 B |
| 49 | First Tagum Rural Bank | 1.11 B |
| 50 | RB of Solano (Nueva Vizcaya) | 1.11 B |
| 51 | Malarayat Rural Bank | 1.10 B |
| 52 | Coop Bank of Quezon Province | 1.06 B |
| 53 | RB of Lebak (Sultan Kudarat) | 1.05 B |
| 54 | Bankways Inc. (A Rural Bank) | 1.05 B |
| 55 | RB of Rizal (Zamboanga del Norte) | 1.03 B |
| 56 | Highland Rural Bank | 1.01 B |
| 57 | Bayanihan Bank | 1.00 B |
58th to 100th Rural Banks
| 58 | Own Bank, The RB of Cavite City | 967.9 M |
| 59 | RBT Bank, A Rural Bank | 960.7 M |
| 60 | RB of Magdalena (Laguna) | 946.2 M |
| 61 | Dungganon Bank | 935.7 M |
| 62 | Mallig Plains RB (Isabela) | 935.6 M |
| 63 | Coop Bank of Palawan | 930.0 M |
| 64 | Village Bank (A Rural Bank) | 887.0 M |
| 65 | RB of Sta Ignacia | 883.0 M |
| 66 | RB of Gattaran (Cagayan) | 850.3 M |
| 67 | RB of San Pascual (Obando Bulacan) | 833.5 M |
| 68 | RB of Rosario (La Union) | 833.4 M |
| 69 | RB of Bambang (Nueva Vizcaya) | 800.2 M |
| 70 | Bangko Montanosa | 796.2 M |
| 71 | PlanBank RB of Canlubang Planters | 795.8 M |
| 72 | Network Consolidated Coop | 763.8 M |
| 73 | Welcome Bank (Rural Bank) | 748.0 M |
| 74 | Entrepreneur RB | 743.2 M |
| 75 | RB of Maria Aurora (Aurora) | 742.4 M |
| 76 | South Bank (A Rural Bank) | 735.4 M |
| 77 | RB of Pola (Oriental Mindoro) | 727.7 M |
| 78 | Cooperative Bank of Nueva Vizcaya | 720.4 M |
| 79 | BHF Rural Bank | 706.1 M |
| 80 | RB of Dumangas | 697.9 M |
| 81 | RB of Itogon (Benguet) | 674.5 M |
| 82 | Lagawe Highlands | 663.8 M |
| 83 | Laguna Prestige Banking Corp. | 658.1 M |
| 84 | RB of Bagabag (N.V.) | 654.0 M |
| 85 | Common Wealth Rural Bank | 649.0 M |
| 86 | RB of Jaen | 641.0 M |
| 87 | Coop Bank of Cagayan | 631.5 M |
| 88 | Aliaga Farmers Rural Bank | 630.0 M |
| 89 | Saviour Rural Bank | 624.3 M |
| 90 | Rural Bank of San Antonio | 615.8 M |
| 91 | RB of Paracale (Camarines Norte) | 614.9 M |
| 92 | Community RB of Dapitan City | 611.0 M |
| 93 | RNG Bank | 582.1 M |
| 94 | Cooperative Bank of Bohol | 567.6 M |
| 95 | Innovative Bank (A Rural Bank) | 566.7 M |
| 96 | RB of Cardona (Rizal) | 565.6 M |
| 97 | RB of Medina (Misamis Oriental) | 556.0 M |
| 98 | Profarmers Rural Banking Corp. | 534.6 M |
| 99 | RB of Montalban | 529.8 M |
| 100 | Benguet Center Bank, A RB | 527.1 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 March 2023 and December 2023:
Welcome Bank (Rural Bank) which was missing in the March 2023 ranking is back in the current list above. It’s No. 73. We can assume that its submission of report was late for the March 2023 ranking.
Lifebank – A Rural Bank, another bank which was missing in the March 2023 ranking, is back on the current list above. It’s a billionaire rural bank. It’s No. 47. Maybe its report submission was late for the March 2023 ranking.
Netbank, which first appeared on the March 2023 list, has soared from No. 56 to No. 28 in the Dec 2023 ranking! Its total assets jumped up from 913.7 million pesos to 2.01 billion pesos in just 3 quarters! It was launched in October 2021 by Filipino and international bankers.
One Cooperative Bank, as expected, ranked No. 11 after the consolidation of Metro South Coop Bank, Consolidated Cooperative Bank and Bataan Cooperative Bank on January 25, 2023 into One Cooperative Bank. Metro South was already one of the top rural banks by assets in the past rankings
Top 100 Rural Banks in the Philippines based on Assets as of March 31, 2023
1 BDO Network Bank 91.72 Billion Pesos
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)
See Here the Top Rural Banks in Earlier Years