Last year, we posted a list of the Top 10 Banks in the Philippines, based on total assets and deposits at year-end 2008. We now bring you the list of the Largest Banks in the Philippines, in terms of assets, deposits, and net income, as of year-end 2009.
The list only includes banks headquartered in the Philippines, meaning other banks based in another country but with local operations are not analyzed. Also, since the basis of the financial figures are the financial statements submitted to the Philippine Stock Exchange (PSE), only publicly-listed banks are mentioned. Government- and privately-owned banks whose financial statements are not available to the public are excluded in the list.
Table: Largest Banks in the Philippines (2009)
in Philippine Peso
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Banco de Oro (BDO) remains as the country’s largest bank in terms of Total Assets (P862.049 billion) and Total Deposits (P694.678 billion). It is trailed by (2) Metrobank; (3) BPI; (4) RCBC; and (5) PNB.
In terms of Net Income, however, the Bank of the Philippine Islands (BPI) leads the pack with an P8.6 billion net income for the year 2009. It is trailed by (2) Metrobank; (3) BDO; (4) Unionbank; and (5) Chinabank.
The top 10 local banks in terms of Assets, Deposits and Net Income are shown below.
Top 10 Philippine Banks, in terms of Total Assets (2009)
- Banco de Oro (BDO) Unibank – P862.049 billion
- Metrobank (MBT) – P854.307 billion
- Bank of the Philippine Islands (BPI) – P724.420 billion
- Rizal Commercial Banking Corp (RCBC) – P288.516 billion
- Philippine National Bank (PNB) – P283.300 billion
- UnionBank of the Philippines (UBP) – P244.361 billion
- China Banking Corp. – ChinaBank (CHIB) – P234.036 billion
- Security Bank (SECB) – P146.250 billion
- Philippine Savings Bank – PSBank (PSB) – P93.088 billion
- Philippine Trust Company – PhilTrust Bank (PTC) – P85.696 billion
Top 10 Philippine Banks, in terms of Total Deposits (2009)
- Banco de Oro (BDO) Unibank – P694.678 billion
- Metrobank (MBT) – P615.700 billion
- Bank of the Philippine Islands (BPI) – P579.471 billion
- Rizal Commercial Banking Corp (RCBC) – P220.278 billion
- Philippine National Bank (PNB) – P214.317 billion
- UnionBank of the Philippines (UBP) – P194.508 billion
- China Banking Corp. – ChinaBank (CHIB) – P193.290 billion
- Security Bank (SECB) – P108.525 billion
- Philippine Savings Bank – PSBank (PSB) – P77.390 billion
- Philippine Trust Company – PhilTrust Bank (PTC) – P73.913 billion
Top 10 Philippine Banks, in terms of Net Income (2009)
- Bank of the Philippine Islands (BPI) – P8.665 billion
- Metrobank (MBT) – P6.795 billion
- Banco de Oro (BDO) Unibank – P6.101 billion
- UnionBank of the Philippines (UBP) – P4.325 billion
- China Banking Corp. – ChinaBank (CHIB) – P4.103 billion
- Rizal Commercial Banking Corp (RCBC) – P3.328 billion
- Security Bank (SECB) – P3.062 billion
- Philippine National Bank (PNB) – P2.200 billion
- Philippine Trust Company – PhilTrust Bank (PTC) – P1.261 billion
- Philippine Savings Bank – PSBank (PSB) – P1.240 billion
Sources: Financial Statements submitted to the PSE
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