What are the top 10 banks in the Philippines?

Asked By: Traute Wolfarth | Last Updated: 9th June, 2020
Category: personal finance credit cards
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Top 10 Best Banks in the Philippines as to Assets
  • BDO – 2,966,619.20.
  • Metrobank – 1,993,277.70.
  • Landbank– 1,961,623.70.
  • BPI – 1,842,846.00.
  • PNB – 1,107,360.70.
  • China Bank – 858,277.39.
  • Security Bank – 803,092.96.
  • DBP – 700,527.52.

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Simply so, what is the number one bank in the Philippines?

2019 (as of September 30, 2019)

Rank Bank name Assets (millions of PHP)
1 Banco de Oro 2,966,619.20
2 Metropolitan Bank and Trust Company 1,993,277.70
3 Land Bank of the Philippines 1,961,623.70
4 Bank of the Philippine Islands 1,842,846.00

Likewise, what are the different banks in the Philippines? Top 10 Universal and Commercial Banks

  • Banco de Oro (BDO Unibank, Inc.)
  • Metrobank (Metropolitan Bank and Trust Company)
  • Bank of the Philippine Islands.
  • Landbank of the Philippines.
  • Security Bank Corporation.
  • Philippine National Bank.
  • Chinabank (China Banking Corporation)
  • Development Bank of the Philippines.

Consequently, what is the most trusted bank in the Philippines?

Top Banks in the Philippines

Rank Bank Total Assets
1 BDO UNIBANK INC 2,665,307.23
2 METROPOLITAN BANK & TCO 1,705,575.78
3 BANK OF THE PHIL ISLANDS 1,649,267.36
4 LAND BANK OF THE PHILIPPINES 1,633,082.18

What are the international bank in the Philippines?

There are a number of foreign banks that have established their branches in the Philippines. Taiwan's Hua Nan Commercial Bank Ltd., Cathay United Bank, and First Commercial Bank; Malaysia's CIMB Bank, Japan's Sumitomo Mitsui, and Singapore's United Overseas Bank Ltd. are among some of them.

37 Related Question Answers Found

Which is better BPI or BDO?

BPI Cash Accept Machines have a wider presence (518) than BDO Cash Deposit Machines (almost 400). No service fees on intra-regional deposits and withdrawals. Unlike BDO, BPI doesn't charge a fee for transactions in any branch other than the branch of account within the same region.

What is the best debit card in the Philippines?

The Best Debit Cards in the Philippines (2019)
Debit Card Initial Deposit
Debit Mastercard via Kaya Saving by BPI P200
EON Visa Debit Card by Union Bank P350 for the annual fee; any amount at your discretion.
Visa Debit Card by Landbank P500
Mastercard and Visa ATM Debit by BDO P2,000

Is Metro Bank Good?

Metro Bank is a challenger bank, but not a digital-only one. It does have branches and they're open 7 days a week, up to 12 hours a day. It's all about better customer service and transparency.

Is BDO a good bank?

A full-service universal bank that provides an extensive range of corporate, commercial and retail banking services, BDO is ranked as the largest bank in the Philippines to date in terms of total assets, loans, deposits, capital and trust funds under management.

What American banks are in the Philippines?

There are 3 US banks in the Philippines.
Citibank, N.A. Bank of America, N.A. JP Morgan Chase Bank, N.A.

What is the interest rate of BDO?

Interest Rate
Tenor Factor Rate Effective Rate/Annum
12 0.103336822 41.71%
18 0.075560430 41.51%
24 0.061669382 40.89%
36 0.047778078 39.43%

What is the biggest bank in the world?

Industrial & Commercial Bank of China
This is the largest bank in the world when measured by assets. It has $3.62 trillion in total assets.

How much is the initial deposit in BDO?

Minimum Initial Deposit: Php 5,000. Minimum MADB (Monthly Average Daily Balance) Requirement: Php 10,000. Minimum Balance to Earn Interest: Php 10,000. Gross Interest Rate Per Annum: 0.25%

What is the best bank investment in the Philippines?

Here's our quick rundown of the different types of investments:
  1. Bank Products. Perhaps the most popular and common of all investments, Bank Products come in different options.
  2. Bonds.
  3. Stocks.
  4. Investment funds.
  5. Annuity.
  6. College fund.
  7. Business capital.
  8. Retirement fund.

Which bank is best for debit card?

Here are the top 5 banks to offer such debit cards to customers.
  1. ICICI Bank Debit Cards. ICICI offers a wide selection of debit cards which are ideal for online shopping.
  2. HDFC Bank Debit Cards. Another leading bank to offer debit cards is HDFC.
  3. Axis Bank Debit Cards.
  4. Yes Bank Debit Cards.
  5. IndusInd Bank Debit Cards.

What bank has the lowest maintaining balance?

Bpi Savings – NO maintaining balance required
  • Bpi Savings – NO maintaining balance required.
  • East West Bank – 100 pesos maintaining balance.
  • Landbank Savings Account – 500 pesos maintaining balance.
  • Bank of Commerce – 500 pesos minimum maintaining balance.
  • Equicom ATM SAvings –
  • 100 pesos maintaining balance.

Which is better passbook or ATM?

If you want to save money (which means you won't access it often), a passbook savings account is the better choice. It's also safer than an ATM account because it isn't prone to ATM skimming. The advantage of ATM accounts over passbook accounts is their lower required initial deposit and maintaining balance.

Which bank is best for saving money?

Best Banks for Savings Accounts of February 2020
  • Discover Bank: Best for All-in-One Banking.
  • FitnessBank: Best for High Rates.
  • Alliant Credit Union: Best for Teens & Kids.
  • Simple: Best for Managing Your Finances.
  • Ally Bank: Best for Customer Service.
  • Prime Alliance Bank: Best for Business Accounts.

Which bank has highest interest?

Banks which offer high interest on Tax Saver FDs
Name of the Bank Interest rate offered to General Citizens (p.a.) Interest rate offered to Senior Citizens (p.a.)
State Bank of India 6.50% 7.00%
ICICI Bank 7.00% 7.50%
HDFC Bank 7.25% 7.75%
Axis Bank 6.75% 7.25%

How much is the interest in BDO savings account?

Enjoy the security of a passbook and earn fixed interest on your savings.
FEATURES
Minimum Initial Deposit Php 5,000.00
Minimum MADB Requirement (1) Php 10,000.00
Minimum Balance to Earn Interest Php 10,000.00
Gross Interest Rate Per Annum 0.25%

What bank should I choose?

Traditional banks
Larger banks tend to offer a wider range of products and services and more branch and ATM locations than smaller banks, online banks and credit unions. If service from a human being isn't important to you or you prefer a smaller community feel, an online bank or a credit union may be a better choice.