As of March 2019, there are 54 thrift banks in the Philippines.
With 54 head offices and 2,600 branch offices, there’s a total of 2,654 thrift bank offices in the country as of February 2019.
The top thrift banks are BPI Family, Philippine Savings Bank (PSBank) and RCBC Savings Bank, ranked by total assets as of September 2018. They are the subsidiaries of top universal banks BPI, Metrobank and RCBC, respectively. Following closely are billionaire banks Philippine Business Bank and China Bank’s subsidiary China Bank Savings.
Here’s a ranking of thrift banks in the Philippines based on total assets as of September 2018:
|4||Philippine Business Bank||95.947|
|5||China Bank Savings||92.957|
|9||Bank of Makati||34.218|
|12||Producers Savings Bank||17.170|
|13||BPI Direct Banko||15.251|
|16||Overseas Filipino Bank||9.675|
|18||1st Valley Bank||8.761|
|19||Malayan Bank Savings||8.513|
|21||CARD SME Bank||5.995|
|26||Yuanta Savings Bank||2.695|
|28||Queen City Development Bank||2.257|
|29||Legazpi Savings Bank||2.231|
|30||Bank One Savings||1.576|
|35||Sun Savings Bank||1.404|
|36||Dumaguete City Development||1.281|
|37||University Savings Bank||1.013|
|38||Northpoint Development Bank||665.66|
|39||Farmers Savings and Loan Bank||664.70|
|40||Pampanga Development Bank||497.74|
|41||Metro Cebu Public Savings Bank||480.30|
|42||Bataan Development Bank||438.37|
|43||Pacific Ace Savings Bank||425.99|
|44||Cordillera Savings Bank||421.79|
|45||Business and Consumers Bank||338.67|
|46||Inter-Asia Development Bank||338.49|
|47||Life Savings Bank||278.08|
|48||Lemery Savings and Loan Bank||242.47|
|49||Phil Star Development Bank||160.70|
|50||Maritime Savings Bank||153.91|
|51||Quezon Coconut Bank||94.76|
Here are thrift banks that closed down in the past few years:
. Malasiqui Progressive Savings And Loan Bank, Inc.
– closed down on August 16, 2018
. World Partners Bank (A Thrift Bank), Inc.
– closed down on August 11, 2017
. Sampaguita Savings Bank, Inc.
– closed down on October 13, 2016
. Comsavings Bank with trade name GSIS Family Bank (A Thrift Bank)
– closed down on May 13, 2016