As of December 31, 2011, the Philippine commercial banking sector consisted of 38 commercial banks, 19 of which are private domestic banks, 16 are branches/subsidiaries of foreign commercial banks and 3 are government-controlled banks. Of the 38 commercial banks, 20 are universal banks, of which 6 are branches of foreign banks.
Based on published statements of condition, the total assets of the commercial banking system as of December 31, 2011 reached PhP7 trillion. Gross loans and total deposits stood at PhP3.1 trillion and PhP5.1 trillion, respectively, while total capital accounts amounted to PhP746 billion.
The commercial banks who made it to the top 10 are BDO, Metropolitan Bank and Trust Company (Metrobank), Bank of the Philippines Islands (BPI), Land Bank of the Philippines (LBP), Rizal Commercial Banking Corporation (RCBC), Development Bank of the Philippines (DBP), Philippine National Bank (PNB), Union Bank of the Philippines (UBP), Citibank, China Banking Corporation (ChinaBank). These banks account for 76% of the total resources of the commercial banking sector. Below is the table of the top 10 largest commercial banks in the Philippines. Amounts are in billion pesos.
Note: All the data used in the table are based on published statements of condition of all commercial banks.
|Name of Bank||Assets||Market Share||Loans||Market Share||Deposits||Market Share||Capital||Market Share|
Since BDO's merger with Equitable PCI Bank, Inc. in 2007, BDO has grown to be the largest bank in the Philippines in terms of assets, loans, and deposits. It leads market positions in most business lines. It is a full service universal bank with one of the widest distribution networks and it benefits from being part of the SM Group, one of the largest conglomerates in the Philippines. BDO has been noted of its above average business growth.
This article was written by admin
under the Banking
category. It has been viewed
times and generated 5
comments. The article was created on 10-July-2012