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Rank Bank name Assets (millions of PHP) Asset change Rank change 1 Philippine Savings Bank (PSBank) 263,376.95: 2 Philippine Business Bank, Inc. (PBB)
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
Chinabank is the fourth largest private universal bank in the Philippines. It was named by The Asset as the Best Bank in the Philippines in 2021 [1] and by the People Management Association of the Philippines as the 2023 Employer of the Year. [2] Chinabank is also one of the best-governed publicly listed companies.
City Savings Bank, commonly known as CitySavings, is a thrift bank subsidiary of Union Bank of the Philippines [6] and established in 1965, founded in Cebu City and also member of the Aboitiz Group of Companies. [7] City Savings is regulated by the Bangko Sentral ng Pilipinas.
In 2000, it became the Philippines' first bank assurance firm, being the first Philippine bank to offer insurance services after acquiring the insurance companies of the Ayala Corporation, the parent company of BPI. Within that year, BPI also founded the BPI Direct Savings Bank, an Internet bank.
Its head office is located in Caloocan and has a total of 159 branches as of December 2019; the bank has a network of 71 Automated Teller Machines (ATMs), of which 23 are located in Metro Manila and the remaining 14 are in various provinces. The bank is the second largest savings bank in the Philippines as of December 31, 2022. [2]
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