Top 10 Largest Banks In The Philippines
The banking industry plays a crucial role in the economy of the Philippines. The country's financial sector is composed of various banks, ranging from small ... read more...rural banks to large multinational banks. In this article, we'll take a look at the largest banks in the Philippines in terms of assets, deposits, and capital.
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BDO Unibank, formerly known as Banco de Oro, is one of the largest banks in the Philippines. Founded in 1967 and based in Makati City, the bank offers a wide range of financial products and services to businesses and individuals across the country. BDO has a strong presence in the Philippine banking industry, with over 1,400 branches and more than 4,400 ATMs nationwide.
BDO Unibank has a reputation for innovation and excellence in the banking industry. The bank has received numerous awards for its products and services, including being named the Best Bank in the Philippines by Euromoney for three consecutive years (2017-2019). The bank has also been recognized for its commitment to sustainability and social responsibility, earning accolades such as the ASEAN Corporate Sustainability Award and the Anvil Award for its CSR programs.
BDO Unibank's services cater to both retail and corporate clients, offering a wide range of financial solutions such as deposit accounts, loans, credit cards, insurance, and wealth management. The bank is also known for its efficient and reliable online banking system, allowing customers to access their accounts and perform transactions anytime and anywhere.
With its strong financial position, innovative services, and commitment to excellence, BDO Unibank has become a trusted name in the Philippine banking industry. The bank's continued growth and success are a testament to its dedication to providing quality financial services and products to its customers, contributing to the growth of the Philippine economy.Founded: 1967
Headquarters: Makati City, the Philippines
Website: https://www.bdo.com.ph
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The Bank of the Philippine Islands (BPI) is one of the largest banks in the Philippines, with a long and storied history that dates back to its founding in 1851. Headquartered in Makati City, the bank has been a major player in the Philippine financial industry for over a century and a half.
BPI has a strong reputation for providing innovative financial solutions to its customers. With over 800 branches and 3,000 ATMs nationwide, the bank is well-equipped to meet the needs of both individual and corporate clients. Its product offerings include a wide range of banking services, including deposit accounts, loans, credit cards, insurance, and investment products.
As one of the oldest and most established banks in the Philippines, BPI has a deep understanding of the local market and the needs of its customers. The bank has consistently been at the forefront of innovation, with a commitment to delivering top-quality products and services to its clients. In recent years, BPI has invested heavily in digital technology, allowing it to offer a seamless online banking experience to its customers.
Beyond its commitment to delivering top-quality banking services, BPI has also been an active participant in social responsibility initiatives. The bank has been involved in various programs to promote education, environmental sustainability, and community development. BPI has also been recognized for its efforts to promote financial literacy among Filipinos, helping to empower individuals and communities to better manage their finances.
Overall, BPI is a leading bank in the Philippines, with a long and proud history of providing quality financial services to its customers. With its strong commitment to innovation and social responsibility, BPI is well-positioned to continue playing a key role in the Philippine financial industry for many years to come.Founded: 1851
Headquarters: Makati City, the Philippines
Website: https://www.bpi.com.ph
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Metropolitan Bank & Trust (Metrobank) is one of the largest and most reputable banks in the Philippines. Founded in 1962, it is headquartered in Makati City, the country's financial center. Metrobank has since expanded its reach to over 1,700 branches and offices nationwide, as well as overseas branches and representative offices in different parts of the world.
Metrobank offers a comprehensive range of financial services, including retail banking, corporate banking, investment banking, and trust banking. Its retail banking services include savings and current accounts, loans, credit cards, and insurance, while its corporate banking services include deposit-taking, cash management, trade finance, and foreign exchange services. The bank also provides investment banking services, such as underwriting and advisory services for public offerings and mergers and acquisitions.
Metrobank is known for its commitment to providing excellent customer service and innovative banking solutions. The bank has received numerous awards for its products and services, including the Best Domestic Bank in the Philippines award from Alpha Southeast Asia for five consecutive years. It has also been recognized for its digital banking initiatives, including its mobile banking app, which allows customers to access their accounts and perform transactions anytime, anywhere.
In addition to its commitment to providing top-notch financial services, Metrobank is also involved in various corporate social responsibility programs, focusing on education, environmental sustainability, and community development. The bank's flagship corporate social responsibility program, Metrobank Foundation, provides scholarships, grants, and awards to deserving individuals and organizations.
Overall, Metrobank is a trusted and respected institution in the Philippine banking industry, with a strong commitment to providing excellent customer service, innovative banking solutions, and social responsibility initiatives.Founded: 1962
Headquarters: Makati City, the Philippines
Website: https://www.metrobank.com.ph
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Union Bank of the Philippines was founded in 1968. Headquartered in Pasig, the bank has a network of over 300 branches and more than 700 ATMs throughout the country. The bank's mission is to provide exceptional service and innovative financial solutions to its customers.
Union Bank of the Philippines offers a wide range of financial products and services, including deposit accounts, loans, credit cards, and investment options. The bank also provides digital banking solutions, including mobile banking and online banking, to make banking more convenient and accessible for its customers.
One of the bank's notable achievements is its focus on sustainability and corporate social responsibility. The bank has implemented various initiatives to promote environmental sustainability, including reducing paper usage and carbon footprint. Additionally, the bank has partnered with various organizations to support communities in need and promote financial literacy in the country.
Union Bank of the Philippines has received numerous awards and recognitions for its exceptional service and innovative solutions. In 2021, the bank was recognized as the Best Digital Bank in the Philippines by Asiamoney, a leading financial publication in the region.
Overall, Union Bank of the Philippines is a leading player in the country's banking industry, providing its customers with a wide range of financial products and services, as well as innovative digital solutions. The bank's commitment to sustainability and corporate social responsibility further sets it apart as a responsible and forward-thinking financial institution.Founded: 1968
Headquarters: Pasig, the Philippines
Website: https://www.unionbankph.com
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Philippine Trust Company, also known as PhilTrust Bank, was established in 1916. It has been serving the Filipino people for over a century. The bank is headquartered in Manila, the capital city of the Philippines, and operates a network of branches throughout the country.
PhilTrust Bank has a long and rich history in the Philippine banking industry, having weathered numerous economic and political challenges throughout the years. The bank has always remained true to its commitment to providing innovative and quality banking solutions to its customers.
Today, PhilTrust Bank offers a wide range of financial products and services, including deposit accounts, loans, credit cards, and investments. The bank has also embraced technology in its operations, offering online and mobile banking services that make banking more convenient for its customers.
PhilTrust Bank's success can be attributed to its strong commitment to customer satisfaction. The bank has always placed the needs of its customers at the forefront, ensuring that they receive the best possible service and the most innovative banking solutions. It has also maintained a culture of integrity and professionalism, earning the trust and respect of its customers and stakeholders.
In summary, PhilTrust Bank is a well-established and respected institution in the Philippine banking industry. With its century-long history, commitment to customer service, and embrace of technology, it is poised to continue its growth and success in the years to come.Founded: 1916
Headquarters: Manila, the Philippines
Website: https://www.philtrustbank.com
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China Banking Corporation, or more commonly known as China Bank, is one of the largest banks in the Philippines, with a history that dates back to 1920. Headquartered in Makati City, the bank has a network of more than 600 branches and offices throughout the country. China Bank provides a broad range of banking and financial services, including commercial and personal banking, treasury, investment, and trust services.
Over the years, China Banking has established itself as a trusted and reliable financial institution, winning numerous awards and recognition for its performance and customer service. In 2019, it was awarded by Asiamoney as the Best Domestic Bank in the Philippines, and in 2020, it received the Best Bank in the Philippines award from The Asset.
China Banking has also made significant investments in technology, enabling it to provide its customers with a range of digital services, including online banking, mobile banking, and electronic payments. In 2020, the bank launched its own digital wallet, the CHiNA Bank Mobile App, which allows customers to transfer funds, pay bills, and make purchases through their mobile devices.
The bank's commitment to sustainability is evident in its efforts to reduce its environmental impact, promote financial inclusion, and support various social causes. China Banking has implemented various green initiatives, including using renewable energy sources and reducing its carbon footprint. It has also launched programs to provide financial education and assistance to underserved communities.
In conclusion, China Banking Corporation is a well-established and respected financial institution in the Philippines, known for its quality services and commitment to sustainability. Its broad range of products and services, along with its extensive network and advanced technologies, make it an attractive choice for both individuals and businesses.Founded: 1920
Headquarters: Makati City, the Philippines
Website: https://www.chinabank.ph
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Security Bank was founded in 1951 with headquarters in Makati City. The bank offers a wide range of financial services to individuals and businesses, including deposit accounts, loans, credit cards, insurance, and investment products.
With a focus on innovation and customer satisfaction, Security Bank has established itself as a leading financial institution in the Philippines. The bank has invested heavily in digital technology, making it easier for customers to access their accounts and perform transactions from anywhere, at any time. Security Bank also offers a mobile app that provides customers with access to their accounts, bill payments, and other banking services.
Security Bank has received numerous awards and recognitions for its excellence in banking, including the Best Bank in the Philippines award from the Global Finance magazine in 2020. The bank's strong financial performance is reflected in its consistently high credit ratings from reputable agencies such as Moody's, Standard & Poor's, and Fitch Ratings.
Aside from its financial services, Security Bank is also committed to giving back to the community through its various corporate social responsibility programs. The bank supports initiatives in education, health, and environmental sustainability, among others.
Overall, Security Bank's dedication to innovation, customer service, and community development has helped solidify its position as one of the largest and most respected banks in the Philippines.Founded: 1951
Headquarters: Makati City, the Philippines
Website: https://www.securitybank.com
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Rizal Commercial Banking Corporation (RCBC) is one of the largest banks in the Philippines, with a long and rich history in the country's banking industry. Founded in 1960 and based in Makati City, RCBC has become a trusted name in the financial sector, providing a wide range of banking products and services to its clients.
RCBC has a strong reputation for innovation and customer service, and it has been at the forefront of introducing new and advanced banking technologies to the Philippine market. The bank's commitment to providing convenient and accessible banking services to its customers has led to the establishment of an extensive branch network and a comprehensive online banking platform.
RCBC offers a diverse range of banking products and services, including personal and corporate banking, investment banking, and trust and asset management services. Its products and services are designed to cater to the needs of a wide range of customers, from individuals to small and medium-sized enterprises and large corporations.
The bank's success can be attributed to its focus on customer service and its commitment to staying ahead of the curve in terms of technology and innovation. RCBC has received numerous awards and recognitions for its outstanding performance, including the Best Domestic Bank award at the Asian Banking and Finance Awards.
Overall, RCBC is a well-respected and trusted institution in the Philippine banking industry. With its strong commitment to customer service, innovative approach to banking, and comprehensive range of products and services, it is poised to continue playing a key role in the growth and development of the Philippine economy.Founded: 1960
Headquarters: Makati City, the Philippines
Website: https://www.rcbc.com
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Philippine National Bank (PNB) has a rich history dating back to its establishment in 1916. PNB is headquartered in Pasay City, Philippines, and has a presence in several other countries, including the United States, Canada, Europe, Asia, and the Middle East. The bank offers a range of financial products and services, including personal and business loans, deposits, remittance services, and insurance.
PNB has established itself as a leading player in the Philippine banking industry, with a strong focus on customer service and innovation. The bank has implemented advanced technologies to provide customers with convenient and secure banking services, such as online and mobile banking. PNB has also expanded its reach to cater to the needs of Filipinos abroad, offering remittance services and opening branches in key cities across the world.
PNB's commitment to serving the needs of the community is evident in its various corporate social responsibility initiatives. The bank has implemented programs to support education, healthcare, disaster relief, and environmental sustainability. These initiatives demonstrate PNB's dedication to making a positive impact on the communities it serves.
Overall, Philippine National Bank has established itself as a trusted financial institution in the Philippines and beyond, with a long-standing history and a commitment to innovation and community service. With its continued focus on customer satisfaction and technological advancement, PNB is poised to maintain its position as one of the largest and most reputable banks in the country.Founded: 1916
Headquarters: Pasay City, the Philippines
Website: https://www.pnb.com.ph
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Philippine Savings Bank (PSBank) has a long and rich history that dates back to its founding in 1959. Based in Makati City, the bank has grown to become a leading provider of banking and financial services in the country. With a focus on customer service, PSBank has established a reputation for providing innovative products and services that meet the needs of a diverse range of customers.
PSBank's offerings include savings and deposit accounts, personal and business loans, credit cards, and insurance products. The bank is known for its competitive rates and flexible terms, making it a popular choice among customers seeking affordable and convenient banking services.
Over the years, PSBank has continued to expand its reach and capabilities through strategic partnerships and acquisitions. In 2019, the bank acquired 20% of the shares of a fintech company, which enabled it to enhance its digital capabilities and better serve customers in the fast-evolving digital landscape. This acquisition was part of the bank's broader strategy to leverage technology to deliver more efficient and accessible financial services.
PSBank's commitment to innovation and customer service has earned it numerous accolades over the years, including recognition as one of the best managed banks in the Philippines. The bank's strong financial performance and reputation have also made it a popular choice among investors, with its stock consistently performing well on the Philippine Stock Exchange.
In summary, Philippine Savings Bank is a leading financial institution in the Philippines, with a rich history, a commitment to innovation, and a focus on customer service. With its wide range of products and services and a growing presence in the digital space, PSBank is well-positioned to continue serving the needs of customers in the years ahead.Founded: 1959
Headquarters: Makati City, the Philippines
Website: https://www.psbank.com.ph