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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 ...
GCash, a Philippine fintech firm, has hired banks, including Citi, Jefferies and UBS, to work on an up to $1.5 billion domestic initial public offering, three sources with knowledge of the matter ...
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Unibank, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09
The Metropolitan Bank & Trust Company [a] (Hokkien Chinese: 首都銀行; Pe̍h-ōe-jī: Siú-to͘ Gûn-hâng), trading as Metrobank, is a Filipino bank that as of 2022, was the third largest bank in the Philippines in terms of total assets. [4] [5] It offers various financial services, from regular banking to insurance.
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises. [4] It has 146 branches including 14 branch lite units. [5]
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.
Tonik Digital Bank, Inc., commonly known as Tonik, is an all-digital bank which was launched in the Philippines in 2021, [1] notable for being the first all-digital bank, or "neobank" in Southeast Asia. Its consumer products range from deposits, payments, debit cards, and loans.
A Savings Bank (operating as BPI BanKo) is a wholly owned subsidiary of BPI established through the merging of BPI Direct Savings Bank (the first internet-based bank in the country), allowing expatriate Filipinos and overseas workers in countries like Bahrain or Hong Kong to access and manage their bank accounts at any time) and the BPI Globe ...