Largest Banks in Philippines

The top largest banks of the Philippines include Banco De Oro Unibank, Metrobank, Bank of the Philippine Islands, LANDBANK, among others.

Banco De Oro Unibank, Inc. (BDO) is the Philippines’ largest universal bank with market-leading positions in most business lines. It offers a wide range of products and services catering to the retail and corporate markets including lending (corporate, commercial, and consumer), foreign exchange, deposit-taking, brokering, trust and investments, credit cards, cash management and remittances. Through its subsidiaries, the Bank also offers leasing and financing, private banking, investment banking, bancassurance, insurance brokerage and stock brokerage services.

The New York-based financial magazine Global Finance has named BDO as one of the World's Best Foreign Exchange Providers for 2010. BDO is the runaway winner for the Philippines in the said category, joining 85 others from various countries or regions.

The Metropolitan Bank and Trust Company (Metrobank) is the second largest bank in the Philippines. It offers a comprehensive range of banking and other financial products and services, including corporate, commercial and consumer banking, as well as credit card, leasing, remittances, investment banking and trust banking. In 1981, Metrobank was listed in the Philippine Stock Exchange and acquired its universal banking license, gaining significant equity ownerships in local and international subsidiaries.

Bank of the Philippine Islands (BPI) is the oldest bank in the Philippines still in operation. It has maintained a leadership position in consumer banking, trust banking, and asset management, corporate banking/corporate finance, and bancassurance.

The Landbank of the Philippines is the largest formal credit institution in the rural areas. It is ranked among the top five commercial banks in the country in terms of deposits, assets, loans and capital.

* Next: Philippine Stock Exchange

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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