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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 ...
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)
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The BDB was renamed the Planters Development Bank in 1976 and moved its headquarters to Baliuag. It moved its headquarters to Makati in 1981. It gradually grew by opening new branches and acquiring other local banks. [3] In 2014, the bank became a subsidiary of China Banking Corporation of Henry Sy. Plantersbank's 78 branches at that time also ...
LifeBank is a rural bank based in Iloilo, Philippines.It started operations on March 21, 1970 in Maasin, Iloilo as Rural Bank of Maasin. It is divided into two corporate arms each with its own designated finance and banking services functions: the LifeBank RB (LifeBank - A Rural Bank) and LifeBank MFI (LifeBank Microfinance Foundation Inc.).
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.
Producers Bank today is the result of several business combinations in the last twenty one (21) years that involved twenty four (24) banking institutions, including the following: In July 2019, the bank took over Banco Dipolog when it acquired ninety-nine point ninety-eight percent (99.98%) stock from owning company PBCom .
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.