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Banks are businesses, so they also send product proposals just like the rest of Pinoy Entrepeneurs. I saw a bank proposal today, or shall I say a set of proposals, involving payroll, check-writing and time deposit. Of course, depositors consider a number of factors, including the benefits of a particular bank product, whether it's the best in the market or if it yields the highest interest or income. Depositors also consider the proximity to one's office or residence and the stability of the bank. One way of looking at it is through the assets of a particular bank.
We've come across the ranking of banks (Universal and Commercial) in the Philippines, based on the total assets as of 30 June 2008 as published by the Bangko Sentral ng Pilipinas (BSP). We've decided to go beyond the Top Ten, and list the following:
Total Assets as of 30 June2008 (in Million Pesos)
| | Rank | Bank Name
| Total Assets
| | | | | | 1 | Banco de Oro Unibank Inc. (BDO)
| 643,402 | | 2 | Metropolitan Bank and Trust Co. (Metrobank)
| 615,911
| | 3 | Bank of the Philippine Islands (BPI) | 499,103
| | 4 | Land Bank of the Philippines (LandBank)
| 369,857 | | 5 | Development Bank of the Philippines (DBP)
| 322,749
| | 6 | Philippine National Bank (PNB)
| 241,880
| | 7 | Rizal Commercial Banking Corp. (RCBC)
| 216,008
| | 8 | Citibank NA
| 196,820
| | 9 | China Banking Corporation (ChinaBank) | 185,625
| | 10 | Union Bank of the Philippines (Union Bank)
| 179,612
| | 11 | Allied Banking Corporation (Alied Bank) | 128,992
| | 12 | Security Bank Corporation (Security Bank)
| 127,866
| | 13 | Hongkong & Shanghai Banking COrp. (HSBC) | 112,342
| | 14 | United Coconut Planters Bank (UCPB) | 97,670
| | 15 | Bank of Commerce (BoC)
| 86,917
| | 16 | Phil Trust Company | 67,701
| | 17 | Standard Chartered Bank
| 66,923
| | 18 | Philippine Bank of Communications (PBCom)
| 50,405
| | 19 | Asia United Bank Corporation
| 42,462
| | 20 | East West Banking Corporation
| 41,608
| | 21 | Internationale Nederlanden Groep Bk | 40,947 | | 22 | Philippine Veterans Bank
| 38,906
| | 23 | Deutsche Bank AG
| 34,070
| | 24 | Mizuho Corporate Bank Ltd-Manila Br | 32,792 | | 25 | BDO Private Bank Inc. | 28,721
| | 26 | The Bank of Tokyo-Mitsubishi UFJ Ltd | 26,705
| | 27 | Chinatrust (Phils) CBC
| 24,371
| | 28 | JP Morgan Chase Bank National Assn | 21,699
| | 29 | Maybank Philippines Inc.
| 20,124
| | 30 | ANZ Banking Group Ltd
| 19,829
| | 31 | ABN AMRO Bank Inc. (a Commercial Bank) | 13,637 | | 32 | Korea Exchange Bank
| 11,513
| | 33 | Mega International Commercial Bank Co Ltd
| 10,973
| | 34 | Bank of America NA
| 8,914
| | 35 | Bangkok Bank Public Co Ltd
| 4,023
| | 36 | Bank of China Limited
| 2,866
| | | See also: How Safe is Your Money in the Bank?
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