Thrift Banks in the Philippines

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.

thrift-banks-piggy-banks

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:

 

RANK BANK ASSETS
SEP BILLION       
2018 PESOS
1 BPI Family 266.356
 2 PSBank 229.041
 3 RCBC Savings  122.647
 4 Philippine Business Bank  95.947
 5 China Bank Savings  92.957
 6 City Savings  75.445
 7 PNB Savings  59.362
 8 Sterling Bank  40.361
 9 Bank of Makati  34.218
10 UCPB Savings  18.408
11 First Consolidated  18.199
12 Producers Savings Bank  17.170
13 BPI Direct Banko  15.251
14 HSBC Savings  13.993
15 PR Savings  11.771
16 Overseas Filipino Bank   9.675
17 Wealth Development   9.442
18 1st Valley Bank   8.761
19 Malayan Bank Savings   8.513
20 Equicom Savings   8.421
21 CARD SME Bank   5.995
22 Citystate Savings   3.930
23 Bangko Kabayan   2.974
24 Penbank   2.733
25 AllBank   2.710
26 Yuanta Savings Bank   2.695
27 Enterprise Bank   2.369
28 Queen City Development Bank   2.257
29 Legazpi Savings Bank   2.231
30 Bank One Savings   1.576
31 Century Savings   1.509
32 Merchants Savings   1.482
33 Hiyas Banking   1.426
34 Isla Bank   1.411
35 Sun Savings Bank 1.404
36 Dumaguete City Development   1.281
37 University Savings Bank 1.013
MILLION PESOS       
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’s a List of Thrift Banks in the Philippines, arranged alphabetically, including the locations of their head offices.

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

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