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.