Maybe you are wondering which bank is the biggest in the Philippines. Basically, there are many factors and criteria on how to measure which bank is the largest. Some organizations gauge or measure rankings by assets, profit, number of branches and customers and many other factors. According to the latest rankings of The Asian Banker, Banco de Oro Unibank (BDO) is the largest bank in the Philippines in terms of assets. The complete list is as follows, the number one spot is the largest followed by number 2.
1. Banco de Oro (BDO)
2. Metropolitan Bank & Trust (Metrobank)
3. Bank of the Philippine Islands (BPI)
4. Land Bank of the Philippines (Land Bank)
5. Rizal Commercial Banking Corporation (RCBC)
6. Philippine National Bank (PNB)
7. China Banking Corporation (ChinaBank)
8. Union Bank of the Philippines (Union Bank)
9. Allied Bank of the Philippines (Allied Bank)
10. United Coconut Planters Bank (UCPB)
11. Security Bank of the Philippines (Security Bank)
12. BPI Family Bank
13. Bank of Commerce
14. Philippine Savings Bank (PSBank)
15. East West Bank
16. RCBC Savings Bank
If you notice not all banks in the Philippines are included in the list. The list shows the most popular ones and the most established companies in the banking industry in the Philippines. However, it doesn’t mean that they are the best in terms of services to their customers and other related business aspects. Personally, I recommend you to open a savings account in these banks because they have lesser chance to fall to bankruptcy than some small banks and rural banks.
Make sure also that the one you are choosing have good customer service, it is near your area and offers other important services like Internet banking, mobile and telephone banking. I personally recommend BPI based solely on my experience with them for the past 7 years since I started using my BPI account in 2004. They have the best products and services for their customers among the Philippine banks. I want to say that I’m not paid to endorse BPI and I’m not connected with them in any way. I’m just a satisfied BPI account holder.
Photo Credit: Salvatore Vuon