Here are the 18 Top Banks in the Philippines based on Total Assets as of June 2017:
Top Commercial/Universal Banks in the Philippines
The Big Four remains BDO, Metrobank, Landbank and BPI.
Security Bank has overtaken PNB in the race to No. 5.
Notes:
. KEB Hana Bank was formerly Korea Exchange Bank (KEB). KEB changed its name to KEB Hana Bank in July 2016 to reflect its acquisition by Hana Financial Group in 2012.
. Taiwanese bank First Commercial Bank Ltd. opened its Manila Branch in January 2017
Nine foreign banks have established operations in the Philippines since the passage of RA 10641 in July 2014. The law allowed the entry of foreign banks that could account for up to 40% of the banking industry's assets.
1. Sumitomo Mitsui of Japan
2. Shinhan Bank of South Korea
3. Cathay United Bank of Taiwan
4. Industrial Bank of Korea
5. Yuanta Bank of Taiwan
6. United Overseas Bank Ltd. of Singapore
7. Woori Bank of Korea
8. Hua Nan Commercial Bank Ltd. of Taiwan
9. First Commercial Bank Ltd.
There are now four Korean banks in the Philippines:
1. KEB Hana Bank
2. Woori Bank
3. Shinhan Bank
4. Industrial Bank of Korea
Previous Ranking: Top Banks, by Assets as of December 2015
US Dollar Accounts with Low Maintaining Balances
Top Commercial/Universal Banks in the Philippines
Security Bank has overtaken PNB in the race to No. 5.
RANK | BANK | TOTAL ASSETS | RANK |
JUNE | in BILLION | MARCH | |
2017 | PESOS | 2016 | |
TOP 18 | |||
1 | BDO | 2,325.123 | 1 |
2 | METROBANK | 1,620.656 | 2 |
3 | LANDBANK | 1,483.531 | 3 |
4 | BPI | 1,432.268 | 4 |
5 | SECURITY BANK | 774.388 | 6 |
6 | PNB | 773.646 | 5 |
7 | CHINABANK | 572.344 | 8 |
8 | DBP | 533.370 | 7 |
9 | UNION BANK | 486.938 | 10 |
10 | RCBC | 427.450 | 9 |
11 | CITIBANK | 314.629 | 11 |
12 | UCBP | 310.732 | 12 |
13 | EASTWEST | 292.963 | 13 |
14 | AUB | 185.936 | 15 |
15 | HSBC | 171.708 | 14 |
16 | PHILTRUST | 155.515 | 16 |
17 | BCOMMERCE | 131.309 | 17 |
18 | MAYBANK | 101.732 | 19 |
No. 19 to | |||
No. 34 | |||
19 | PBCOM | 89.153 | 20 |
20 | ROBINSONS BANK | 85.289 | 21 |
21 | BDO PRIVATE | 72.067 | 26 |
22 | BANK of TOKYO | 67.540 | 18 |
23 | MIZUHO | 67.509 | 25 |
24 | DEUTSCHE BANK | 51.670 | 24 |
25 | VETERANS | 49.460 | 23 |
26 | STANDARD CHARTERED | 49.116 | 22 |
27 | ANZ | 46.764 | 28 |
28 | JP MORGAN CHASE | 42.444 | 27 |
29 | CTBC PHILS | 38.870 | 29 |
30 | SUMITOMO MITSUI | 25.419 | 31 |
31 | ING BANK | 19.897 | 30 |
32 | BANK OF AMERICA | 19.427 | 32 |
33 | BANK OF CHINA | 14.880 | 34 |
34 | MEGA ICB | 14.112 | 33 |
No. 35 to | |||
No. 42 | |||
35 | BANGKOK BANK | 8.372 | 35 |
36 | KEB HANA BANK | 8.173 | 36 |
37 | CATHAY UNITED | 4.485 | 40 |
38 | INDUSTRIAL BANK of KOREA | 3.718 | 39 |
39 | UNITED OVERSEAS | 3.633 | 37 |
40 | SHINHAN BANK | 2.884 | 38 |
41 | FIRST COMMERCIAL | 2.049 | 41 |
42 | AL-AMANAH | 0.698 | 41 |
Notes:
. KEB Hana Bank was formerly Korea Exchange Bank (KEB). KEB changed its name to KEB Hana Bank in July 2016 to reflect its acquisition by Hana Financial Group in 2012.
. Taiwanese bank First Commercial Bank Ltd. opened its Manila Branch in January 2017
Nine foreign banks have established operations in the Philippines since the passage of RA 10641 in July 2014. The law allowed the entry of foreign banks that could account for up to 40% of the banking industry's assets.
1. Sumitomo Mitsui of Japan
2. Shinhan Bank of South Korea
3. Cathay United Bank of Taiwan
4. Industrial Bank of Korea
5. Yuanta Bank of Taiwan
6. United Overseas Bank Ltd. of Singapore
7. Woori Bank of Korea
8. Hua Nan Commercial Bank Ltd. of Taiwan
9. First Commercial Bank Ltd.
There are now four Korean banks in the Philippines:
1. KEB Hana Bank
2. Woori Bank
3. Shinhan Bank
4. Industrial Bank of Korea
Previous Ranking: Top Banks, by Assets as of December 2015
US Dollar Accounts with Low Maintaining Balances