The best banks in the Philippines were unveiled based on their services, assets and deposits. It seems like the new reigning number 1 is not a surprise to everyone, and many think that it will stay on top in years to come!

 

Banco De Oro (BDO) is now the largest bank in the country in terms of assets and deposits ousting Metrobank as the reigning bank in 2007. BDO’s success is primarily due to the merge of Banco de Oro and Equitable-PCI Bank in 2006 and the number of its outlet in all SM Malls in the country. BDO also offers longer service hours compared to other banks in the country, they are open at 9:00am and closes at 7:00 pm, and even had Saturday offices in chosen outlets. BDO can be found almost everywhere, from SM malls to busy districts in the city and municipalities across the nation. No wonder how they dethrone big banking competitors.

 

Here’s the complete list of top banks in the country today, in terms of assets and deposits:

 

Assets

 

1. Banco de Oro (BDO) - Php808.0 billion  (Last year’s #2)
2. Metrobank - Php758.5 billion (Last year’s #1)
3. Bank of the Philippine Islands (BPI) - Php658.4 billion (Last year’s number #3)
4. Landbank of the Philippines - Php434.0 billion (Last year’s #4)
5. Development Bank of the Philippines (DBP) – Php290.9 billion (Last year’s #5)
6. Philippine National Bank (PNB) - Php276.8 billion (Last year’s #6)
7. Rizal Commercial Banking Corp. (RCBC) - PhP270.2 billion (Last year’s #7)
8. Unionbank of the Philippines - Php208.2 billion (Lat year’s #9)
9. Chinabank- Php207.3 billion (Last year’s #10)
10. Citibank- Php187.8 billion (Last year’s #8)

 

Deposits

 

1. BDO - Php634.3 billion (Last year’s #3)
2. Metrobank - Php585.8 billion (Last year’s #1)
3. BPI - Php541.2 billion (Last year’s #2)
4. Landbank - Php333.6 billion (Last year’s #4)
5. PNB - Php201.2 billion – (Last year’s #5)
6. RCBC - Php196.4 billion – (Last year’s #6)
7. Chinabank - Php173.9 billion –(Last year’s #8)
8. Unionbank - Php162.0 billion –(Lat year’s #10)
9. Allied Bank - Php139.8 billion – (Last year’s #9)
10. Citibank - Php121.6 billion – (Last year’s #7)

www.tsinoy.com