Here in the Philippines, there are numerous banks we can be a part of. In this article you will know the best banks in the Philippines where you can choose to open your account. The main purpose of banking is to store your funds without physically having them. You can have a savings account or a checking account. Moreover, different banks offer different types of interest rates and this is what they use to get people to be a part of their system. In this article, we will be giving you the list of Philippine banks and how you can benefit from them.
We determined the list through their published balance sheets as of September 2018, the last quarter of last year. The following data is shared officially by the Bangko Sentral ng Pilipinas (BSP).
The following lists are taken from their amount in deposits, their assets, their loans, receivables, etc. Although these amounts are months delayed, they were the sheets updated as of the last quadrant of last year; the amounts are in million pesos.
1. Banco De Oro (BDO) – P2,017,429.14 2. Landbank – P1,306,518.42 3. Bank of the Philippine Islands(BPI)– P1,306,518.42 4. Metrobank – P1,263,843.14 5. Philippine National Bank (PNB) – P574,522.06 6. China Bank – P503,041.48 7. Security Bank – P433,816.88 8. Unionbank – P386,309.17 9. Development Bank of the Philippines (DBP) – P367,322.88 10. Rizal Commercial Banking Corporation (RCBC) – P281,175.06
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