The

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

has a comprehensive banking system encompassing various types of banks, from large

universal bank A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.non-banks. As of October 17, 2017, there were 36 universal and

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

s, 57

savings banks A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. They originated in Europe during the 18th century with the aim of providing access to savings products to all ...

, 492 rural banks, 40

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

s and 6,267 non-banks with quasi-banking functions, all licensed by the

Bangko Sentral ng Pilipinas The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act ...

(Central Bank of the Philippines) under the General Banking Act of 2000. On top of regular banking services offered by universal, commercial, thrift and rural banks, there are

savings and loan association A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; simi ...

s which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines.

List

Universal and commercial banks

*The forty-three banks listed above are those with the biggest assets in the Philippine banking industry, listed at the BSP website as of December 31, 2017. The largest of these is BDO Unibank and the smallest is

Al-Amanah Islamic Bank The Al-Amanah Islamic Investment Bank of the Philippines (abbreviated AAIIBP) or Al-Amanah Islamic Bank is the first and only Islamic bank in the Philippines. History Al-Amanah Islamic Bank traces its roots to the Philippine Amanah Bank, estab ...

. Source:

Savings banks

The banks listed above are those with the biggest assets in the Philippine Banking Industry as of September 30, 2020.

Rural and cooperative banks

The rural and cooperative banks listed above are the updated list from the Bangko Sentral ng Pilipinas as of September 2017. The largest rural bank in the Philippines in terms of assets is BDO Network Bank.

Defunct or merged banks

1st E Bank First or 1st is the ordinal form of the number one (#1). First or 1st may also refer to: *World record, specifically the first instance of a particular achievement Arts and media Music * 1$T, American rapper, singer-songwriter, DJ, and reco ...

(Philippine Branches acquired by Banco de Oro) *

Acme Savings Bank Acme is Ancient Greek (ακμή; English transliteration: ''akmē'') for "the peak", "zenith" or "prime". It may refer to: Arts and entertainment * ''Acme'' (album), an album by the Jon Spencer Blues Explosion * Acme and Septimius, a fictional ...

(acquired by the Sy Group of Companies and renamed Banco De Oro) *

AIG Philam Savings Bank American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

(merged with East West Banking Corporation) * Allied Bank (merged with Philippine National Bank) * AMA Rural Bank of Mandaluyong, Inc. *

American Express Bank American Express Company (Amex) is an American multinational corporation, multinational corporation specialized in payment card industry, payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Man ...

(renamed BDO Elite Savings Bank) *

Banco Filipino Banco Filipino Savings and Mortgage Bank (), or simply Banco Filipino, was a savings and loan association based in the Philippines. It is also known for property developments such as BF Homes, subdivisions in Caloocan, Quezon City, Parañaque, ...

Banco Santander Central Hispano Banco Santander, S.A., doing business as Santander Group (, , Spanish: ), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centre ...

(Philippine subsidiary acquired by Banco De Oro and renamed BDO Private Bank) *

Bank of Cebu The Bank of Cebu was a privately owned savings bank based in Cebu City in the Philippines that became bankrupt in 2006. History Bank of Cebu was one of the largest banks based in Cebu province, and it started operations in 1961. In 1990, after sev ...

Capitol Development Bank A capitol, named after the Capitoline Hill in Rome, is usually a legislative building where a legislature meets and makes laws for its respective political entity. Specific capitols include: * United States Capitol in Washington, D.C. * Numerous ...

(acquired by RCBC and became RCBC Savings Bank - merged with RCBC) *

Cooperative Bank of Aurora A cooperative (also known as co-operative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratical ...

Dao Heng Bank Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited. Dao Heng Bank Limited was established ...

(acquired by Banco de Oro) * Ecology Bank (merged with Equitable PCI Bank) *

Equitable PCI Bank Equitable PCI Bank, Inc. () was one of the largest banks in the Philippines, being the third-largest bank in terms of assets. It was the largest bank before it was overtaken by Metrobank in 1995. It is the result of the merger of Equitable Bankin ...

(merged with PCI Bank forming it and now merged with Banco de Oro) *

Export and Industry Bank Export and Industry Bank (EIB) (formerly ), also known as Exportbank, was a commercial bank in the Philippines. It acquired Urban Bank in 2001 after the former collapsed due to its closure by the Bangko Sentral ng Pilipinas. It formed in 1996 by t ...

Family Savings Bank Family (from la, familia) is a group of people related either by consanguinity (by recognized birth) or affinity (by marriage or other relationship). The purpose of the family is to maintain the well-being of its members and of society. Ideal ...

(acquired by BPI; renamed to BPI Family Savings Bank) * Far East Bank And Trust Company (acquired by Bank of the Philippine Islands) *

GE Money Bank GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. ...

(acquired by Banco de Oro) * Green Bank of Caraga (acquired by EastWest Banking Corporation alongside FinMan Rural Bank, Inc. in 2013 and became EastWest Rural Bank, Inc.) *

Insular Bank of Asia and America Insular is an adjective used to describe: * An island * Someone who is isolated and parochial Insular may also refer to: Sub-national territories or regions * Insular Chile * Insular region of Colombia * Insular Ecuador, administratively known ...

(merged with Philippine Commercial International Bank) *

International Exchange Bank International Exchange Bank, more commonly known as iBank, was one of the largest banks in the Philippines, ranking within the top twenty in terms of assets. It was acquired by the larger Union Bank of the Philippines in mid-2006. Integration of t ...

(acquired by and merged with Union Bank of the Philippines) *

Keppel Bank Keppel TatLee Bank () was a Singapore-based financial services organisation formed through a merger of Keppel Bank and Tat Lee Bank on 26 December 1998. It was acquired by Oversea-Chinese Banking Corporation (OCBC) in August 2001 and was integrat ...

(acquired by GE Capital Finance) *

Mindanao Development Bank Mindanao ( ) ( Jawi: مينداناو) is the second-largest island in the Philippines, after Luzon, and seventh-most populous island in the world. Located in the southern region of the archipelago, the island is part of an island group of t ...

(merged with Equitable PCI Bank) *

Orient Commercial Banking Corporation The Orient is a term for the East in relation to Europe, traditionally comprising anything belonging to the Eastern world. It is the antonym of ''Occident'', the Western World. In English, it is largely a metonym for, and coterminous with, the c ...

(forced to close; Allied Bank took over 52 branches) *

Philippine Commercial International Bank Equitable PCI Bank, Inc. () was one of the largest banks in the Philippines, being the third-largest bank in terms of assets. It was the largest bank before it was overtaken by Metrobank in 1995. It is the result of the merger of Equitable Bankin ...

(merged with Equitable PCI Bank and now merged with Banco De Oro) *

Philippine Postal Savings Bank The Overseas Filipino Bank (OFBank) is the state-owned digital-only, branchless bank in the Philippines. Formerly known as the Philippine Postal Savings Bank (PPSB) or PostBank, it is the smallest of the Philippines' three state-owned banks ( ...

(PostBank; acquired by Landbank in 2018 and became Overseas Filipino Bank) *

Philippine Resources Savings Bank The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

(PR Savings Bank; acquired by CitySavings Bank in 2018) *

Planters Development Bank Planters Development Bank, more commonly known as Plantersbank, was a major private development bank in the Philippines which mainly catered to small and medium enterprises (SMEs). At its peak, it was the largest private development bank in the ...

(merged with Chinabank Savings) * Standard Chartered Bank Philippines (Philippine retail banking business was acquired by East West Banking Corporation in 2016) *

Traders Royal Bank Trader may refer to: * Merchant, retailer or one who attempts to generally buy wholesale and sell later at a profit * The owner of a trading post, where manufactured goods were exchanged with native peoples for furs and hides. * Trader (finance), ...

(now emerged with Bank Of Commerce) *

United Coconut Planters Bank The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-controlled and was one of the largest banks in the Philippines, ranking within the top twenty banks in the country in ...

(merged with Landbank) *

United Overseas Bank United Overseas Bank Limited (), often known as UOB, is a Singaporean multinational banking corporation headquartered in Singapore, with branches mostly found in most Southeast Asian countries. Founded in 1935 as United Chinese Bank (UCB) by S ...

(66 out of 67 Branches merged with Banco de Oro) *

Urban Bank Urban Bank (Philippine Stock Exchange, PSE: UBI), also known by its initials (and ticker symbol) UBI, was a middle-sized bank in the Philippines. The bank, along with its two subsidiaries, declared a voluntary bank holiday for failing to meet wi ...

(forced to close then merged with Export and Industry Bank)

Largest banks

References

External links

* {{Asia topic, List of banks in

Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...