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Top 10 Banks in the Philippines for 2009
The best banks in the Philippines were unveiled based on their
services, assets and deposits. It seems like the newreigning number
1 is not a surprise to everyone, and many think that it will stay
on top in years to come!
Banco De Oro (BDO) is now the largest bank in the country in
terms of assets and deposits ousting Metrobank as thereigning bank
in 2007. BDOs success is primarily due to the merge of Banco de Oro
and Equitable-PCI Bank in 2006and the number of its outlet in all
SM Malls in the country. BDO also offers longer service hours
compared to otherbanks in the country, they are open at 9:00am and
closes at 7:00 pm, and even had Saturday offices in chosenoutlets.
BDO can be found almost everywhere, from SM malls to busy districts
in the city and municipalities acrossthe nation. No wonder how they
dethrone big banking competitors.
Heres the complete list of top banks in the country today, in
terms of assets and deposits:
Assets
1. Banco de Oro (BDO) - Php808.0 billion (Last years #2)2.
Metrobank - Php758.5 billion (Last years #1)3. Bank of the
Philippine Islands (BPI) - Php658.4 billion (Last years number
#3)4. Landbank of the Philippines - Php434.0 billion (Last years
#4)5. Development Bank of the Philippines (DBP)Php290.9 billion
(Last years #5)6. Philippine National Bank (PNB) - Php276.8 billion
(Last years #6)7. Rizal Commercial Banking Corp. (RCBC) - PhP270.2
billion (Last years #7)8. Unionbank of the Philippines - Php208.2
billion (Lat years #9)9. Chinabank- Php207.3 billion (Last years
#10)
10. Citibank- Php187.8 billion (Last years #8)
Deposits
1. BDO - Php634.3 billion (Last years #3)2. Metrobank - Php585.8
billion (Last years #1)3. BPI - Php541.2 billion (Last years #2)4.
Landbank - Php333.6 billion (Last years #4)5. PNB - Php201.2
billion(Last years #5)
6. RCBC - Php196.4 billion(Last years #6)7. Chinabank - Php173.9
billion(Last years #8)8. Unionbank - Php162.0 billion(Lat years
#10)9. Allied Bank - Php139.8 billion(Last years #9)10. Citibank -
Php121.6 billion(Last years #7)
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RPs 10 biggest banks postcombined profits of P50b
by Roderick T. dela CruzMonday, March 15, 2010
The 10 largest banks in the Philippines posted a combined net
income of close to P50 billion lastyear amid the recovery of the
global economy in the fourth quarter.
Five of these banks had profits of at least P6 billion each,
representing a growth of 30 percent to 180percent a year ago,
according to their respective declaration to the stock
exchange.
Bank of the Philippine Islands, the third- largest bank in terms
of assets, reported the highest profit ofP8.5 billion in 2009, up
32.8 percent from a year ago.
State-owned Land Bank of the Philippines, the fourth largest in
assets, was the second mostprofitable with a net income of P6.76
billion, on a 34.7-percent growth.
Banco de Oro, the largest bank in assets, booked a net income of
P6.1 billion in 2009, representinga 177.3-percent rise over a year
ago.
Development Bank of the Philippines, another government-run
financial institution, declared P6.09billion in profit last year,
up 69.2 percent from 2008.
Metropolitan Bank and Trust Co. said net income rose 36.4
percent to P6 billion in 2009.
The largest banks in terms of assets were Banco de Oro with
P856.2 billion; Metrobank, P854.3
billion; BPI, P725 billion; LandBank, P510.64 billion; and DBP,
P292 billion.
Other banks also posted hefty increase in profits last year.
Union Bank of the Philippinse said profitwent up 109 percent to
P4.33 billion in 2009 while China Bank saw its net income soar 42.4
percentto P4.03 billion.
In terms of Net Income/Profitability: (2009)
1. Bank of the Philippine Islands
2. Land Bank of the Philippines
3. Banco de Oro
4. Development Bank of the Philippines
5.Metropolitan Bank and Trust Co.
