Top Ten Largest Commercial Banks in the Philippines

Banks are where we entrust our money or cash for security or for earning interest income. A bank is also where we go when we want to obtain loans for our various financing needs, such as for our business startup or expansion. Thus, it is very important that we choose the best banks which we can gain solid trust and confidence. There are many factors and indicators that we can check to determine the banking partner that is best for us, such as its financial capacity, reputation and integrity, recognition and awards, corporate governance and other things that makes a bank a great financing institution to do business with. When it comes to knowing the financial stability of banks in the Philippines, we look into their assets and equity. We also analyze the volume of their deposits and loans. Banks pay interest on their clients’ deposits while they earn interest on the loans they lend to their debtors. To have an idea on the largest banks in the Philippines in terms of financial capacity, the following is a list of top ten biggest commercial banks in the country in terms of assets, equity, loans and deposits as of March 31, 2011.

 

Top 10 Largest Banks Based on Assets (as of March 31, 2011)

1. Banco De Oro (BDO) – Php 965.1 billion
2. Metrobank – Php 955.8 billion
3. Bank of the Philippine Islands (BPI) – Php 751.8 billion
4. Landbank – Php 605.2 billion
5. Rizal Commercial Banking Corporation (RCBC) – Php 311.2 billion
6. Philippine National Bank (PNB) – Php 306.2 billion
7. Development Bank of the Philippines (DBP) – Php 297.4 billion
8. Unionbank of the Philippines (UBP) – Php 244.9 billion
9. Chinabank – Php 235.2 billion
10. Citibank – Php 202.6 billion

 

Top 10 Largest Banks Based on Capital (as of March 31, 2011)

1. Metrobank – Php 98.9 billion
2. Banco De Oro (BDO) – Php 86.6 billion
3. Bank of the Philippine Islands (BPI) – Php 78.1 billion
4. Landbank – Php 58.3 billion
5. Development Bank of the Philippines (DBP)  – Php 37.2 billion
6. Rizal Commercial Banking Corporation (RCBC) – Php 36.0 billion
7. Chinabank – Php 31.5 billion
8. Unionbank of the Philippines (UBP)  – Php 31.2 billion
9. Philippine National Bank (PNB)  – Php 29.5 billion
10. Security Bank – Php 25.5 billion

 

Top 10 Largest Banks Based on Deposits (as of March 31, 2011)

1. Banco De Oro (BDO) – Php 745.5 billion
2. Metrobank– Php 714.7 billion
3. Bank of the Philippine Islands (BPI) – Php 604.8 billion
4. Landbank – Php  480.9 billion
5. Philippine National Bank (PNB)  – Php 232.3 billion
6. Rizal Commercial Banking Corporation (RCBC) – Php 214.9 billion
7. Unionbank of the Philippines (UBP)  – Php 195.4 billion
8. Chinabank – Php 195.1 billion
9. United Coconut Planters Bank (UCPB) – Php 148.5 billion
10.  Allied Bank – Php 146.2 billion

 

Top 10 Largest Banks Based on Loans * (as of March 31, 2011)

1. Banco De Oro (BDO) – Php 541.5 billion
2. Bank of the Philippine Islands (BPI) – Php 367.9 billion
3. Metrobank– Php 363.9 billion
4. Landbank – Php 219.9 billion
5. Rizal Commercial Banking Corporation (RCBC) – Php 141.8 billion
6. Citibank – Php 116.1 billion
7. Philippine National Bank (PNB) – Php 102.9 billion
8. Chinabank – Php 101.3 billion
9. Development Bank of the Philippines (DBP) – Php 100.0 billion
10.  Allied Bank – Php 91.0 billion

*Excludes Interbank Loans Receivables and Net of General Loan Loss Provision

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Source: Published Balance Sheet /Statement of Financial Condition of  the banks ranked therein.

Victorino Abrugar is a retired CPA practitioner, a blogger, speaker, and an entrepreneur. He's the CEO of Optixor, Inc., a digital marketing company based in the Philippines. Follow him on Twitter at @viclogic.