Top 10 Banks in the Philippines
Here is the list of top 10 banks in the Philippines
|
Name of the bank |
Bank type |
Established Year |
Number of branches |
Number of ATMs |
|---|---|---|---|---|
|
Bank of Gold (BDO) |
Private |
1968 |
1,400+ |
4,400+ |
|
Banco Metropolitano and Trust Company (Metrobank) |
Private |
1962 |
950+ |
2,500+ |
|
Bank of the Philippine Islands (BPI) |
Private |
1851 |
800+ |
3000+ |
|
Philippine Land Bank |
government property |
1963 |
400+ |
2,200+ |
|
Philippine National Bank (PNB) |
government property |
1916 |
700+ |
1000+ |
|
Security Bank Corporation |
Private |
1951 |
300+ |
900+ |
|
China Banking Corporation (Bank of China) |
Private |
1920 |
600+ |
1,500+ |
|
Development Bank of the Philippines (DBP) |
government property |
1947 |
120+ |
400+ |
|
United Coconut Planters Bank (UCPB) |
government property |
1963 |
180+ |
300+ |
|
Union Bank of the Philippines |
Private |
1981 |
300+ |
1,300+ |
1. Banco De Oro (BDO)
Banco De Oro or BDO is the largest bank in the Philippines by assets and is part of the SM Group of Companies. The bank was founded in 1968 and has since grown to have more than 1,000 branches and 4,000 ATMs nationwide. BDO offers a wide range of financial services, including personal and commercial banking, investments and insurance.
2. Metrobanco
Metropolitan Bank and Trust Company or Metrobank is the second largest bank in the Philippines by assets. The bank was founded in 1962 and has since grown to have more than 950 branches and 2,300 ATMs nationwide. Metrobank offers a wide range of financial services, including personal and commercial banking, investments and insurance.
3. Bank of the Philippine Islands (BPI)
The Bank of the Philippine Islands or BPI is the third largest bank in the Philippines by assets. The bank was founded in 1851 and has since grown to have more than 900 branches and 3,000 ATMs nationwide. BPI offers a wide range of financial services, including personal and commercial banking, investments and insurance.
4. Philippine Land Bank
Land Bank of the Philippines or LandBank is a government-owned bank that provides financial services to farmers, fishermen and other rural sectors. The bank was founded in 1963 and has since grown to have more than 400 branches and 1,500 ATMs nationwide. LandBank offers a wide range of financial services, including personal and commercial banking, investments and insurance.
5. Philippine National Bank (PNB)
The Philippine National Bank or PNB is one of the oldest banks in the Philippines, founded in 1916. Since then, the bank has grown to have more than 700 branches and 1,400 ATMs nationwide. PNB offers a wide range of financial services, including personal and commercial banking, investments and insurance.
6. Safety bench
Security Bank is a privately owned bank established in 1951. Since then, the bank has grown to have more than 300 branches and 700 ATMs nationwide. Security Bank offers a wide range of financial services, including personal and commercial banking, investments and insurance.
7. China Banking Corporation (Bank of China)
China Banking Corporation or China Bank is one of the oldest private banks in the Philippines, founded in 1920. Since then, the bank has grown to have more than 600 branches and 1,400 ATMs nationwide.
8. Development Bank of the Philippines (DBP)
The Development Bank of the Philippines or DBP is a government-owned bank that focuses on providing financial services to support infrastructure and development projects in the Philippines. The bank was founded in 1947 and has since grown to have more than 120 branches and 400 ATMs nationwide. DBP offers a wide range of financial services, including personal and commercial banking, investments and insurance.
9. United Coconut Planters Bank (UCPB)
United Coconut Planters Bank or UCPB is a government-owned bank that provides financial services to coconut farmers and their families. The bank was founded in 1963 and has since grown to have more than 180 branches and 300 ATMs nationwide. UCPB offers a wide range of financial services, including personal and commercial banking, investments and insurance.
10. Union Bank of the Philippines
Union Bank of the Philippines or UnionBank is a privately owned bank that has been operating in the Philippines since 1981. Since then, the bank has grown to more than 300 branches and 1,300 ATMs nationwide. UnionBank offers a wide range of financial services, including personal and commercial banking, investments and insurance.
Factors to consider when choosing a bank
When choosing a bank in the Philippines, there are several factors to consider, such as:
1. Accessibility
Choose a bank that has branches and ATMs near your home or workplace. This will make it easier for you to access your account and withdraw cash.
2. Rates and charges
Banks have different fees and charges for their services, such as ATM withdrawal fees, account maintenance fees, and transaction fees. Choose a bank that offers reasonable rates and charges.
3. Interest rates
Check the interest rates on the bank’s savings and time deposit accounts. Choose a bank that offers competitive interest rates.
4. Services offered
Consider the services the bank offers, such as online banking, mobile banking, and other digital services. Choose a bank that offers convenient and reliable digital services.
5. Security
Check the bank’s security measures, such as fraud detection and prevention, to ensure the safety of your funds.
Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith; However, we make no representations or warranties of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.
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Source: ptivs2.edu.vn