Philippine Blog Awards 201016 Philippine Banks Make it in Asia Pacific’s Top 500
November 1, 2011 by admin
Filed under Business & Finance, Good News
Sixteen Philippine banks have made it to the list of Top 500 strongest banks in Asia Pacific according to a study by The Asian Banker.
The Asia Pacific largest banks are ranked based on asset size of banks in the whole Asia Pacific region including the following countries: Australia, Bangalesh, Brunei, China, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, Myanmar, New Zealand, Pakistan, the Philippines, Sri Langka, South Korea, Singapore, Taiwan, Thailand and Vietnam.
Here are the largest Philippine Banks and their rankings in the Top 500:
1. Banco de Oro (BDO) – 186th
2. Metrobank – 197th
3. Bank of the Philippine Islands (BPI) – 200th
4. Land Bank of the Philippines – 264th
5. Rizal Commercial Banking Corporation (RCBC) – 317th
6. Philippine National Bank (PNB) – 324th
7. China Banking Corporation (Chinabank) – 338th
8. UnionBank of the Philippines – 343rd
9. Allied Banking Corporation – 384th
10. United Coconut Planters Bank (UCPB) – 387th
11. Security Bank – 398th *
12. BPI Family Savings Bank – 415th *
13. Bank of Commerce – 449th
14. Philippine Savings Bank – 452nd
15. East West Banking Corporation – 466th *
16. RCBC Savings Bank – 497th *
* new entries this year
The Metropolitan Bank & Trust Co. (Metrobank) has been adjudged the strongest bank in the Philippines, and the Philippine Savings Bank (PSbank) the strongest among the three thrift banks.
The biggest in the Philippines, however, is still Banco de Oro which improved its ranking from 195th in 2010 to 186th this year.
Japan and China dominated the Top 10 in the region with Mitsubishi UFJ Financial Group at no. 1 and two other Japanese banks in the Top 10, while the Industrial and Commercial Bank of China or ICBC settled for no. 2 with 3 other Chinese banks in the Top 10. Completing the Top 10 are two from Australia and one from Hong Kong.
Of the top 50 banks in Southeast Asia, BDO has been ranked 36th; Metrobank, 40th; and BPI, 43rd.
Burger King Acquired by Jollibee
October 1, 2011 by admin
Filed under Business & Finance, Featured
American food chain Burger King was bought by the leading Philippine fast food chain Jollibee Foods Corp. on Friday, as revealed by the Philippine Stock Exchange.
PHL’s Teresita Sy-Coson Makes It to Fortune’s List of 50 Most Powerful Women in the World
November 26, 2010 by admin
Filed under Business & Finance, Lists
One Filipina made it to the global list of Fortune Magazine’s 50 Most Powerful Women for 2010.
RP Avoids Recession
August 26, 2009 by admin
Filed under Business & Finance
Government spending on construction helped boost the Philippine economy, a senior official said Thursday, as data showed it grew 1.5% year on year in the second quarter.
Bagong Nayong Pilipino Entertainment Complex Soon to Rise
June 30, 2009 by admin
Filed under Business & Finance, Places, Tourism
Dubbed as the “New Nayong Pilipino,” an integrated resort with a world class theme park, casinos, hotel, museum, shopping malls, sports arena, coliseum and a sky high tower will soon rise near the SM Mall of Asia complex in Pasay City.
Forbes Magazine names 4 Pinoys Heroes of Philanthropy
March 13, 2009 by admin
Filed under Business & Finance, Lists
Forbes Magazine honors 4 Filipinos in the prestigious Asia Pacific region Philanthropy list.
Philippines’ one of Asia’s bright spots
February 15, 2009 by admin
Filed under Business & Finance
The Paris-based International Chamber of Commerce said the Philippines remains one of the economies in the region insulated from the effects of the global economic downturn.
This was the observation of Dr. Victor Fung, chairman of the ICC.
