List of All Banks in Philippines (Updated)

The Bangko Sentral ng Pilipinas is the central bank and central monetary authority of the Philippines. The bank was established in July 1993 in accordance with the provisions of the Republic Law No. 7653 or the New Central Bank Law of 1993 as amended by the Republic Law 11211 or the 2019 New Central Law. The Central Bank of the Philippines is usually referred to as BSP in Filipino and English. The central bank is responsible for issuing banknotes and coins, formulate and implement monetary policy, maintaining international reserves and stability of the foreign currency, managing price stability of the domestic market supervising all banks and credit organizations of the country. In this post, you will get all links and information about banks in Philippines.

Read Also: List of Banks in Pakistan

The Central Bank of the Philippines

Banks in Philippines

At a glance the Central Banks of Philippines information

Headquarters:     BSP Complex, Roxas Boulevard, Manila, Philippines
Established:        January 3, 1949
Ownership:        100% state ownership
Governor:           Benjamin Diokno
Central bank of: Government of the Philippines
Currency:           Philippine peso
Reserves:           US$81 billion
Bank rate:          3.50%
Website:             www.bsp.gov.ph

 

List of All Banks in Philippines:

The banking system in the Philippines composed of different types of banks in the Philippines: general banks and commercial banks-providing the widest range of banking services; thrift banks-deposits from depositors and making investments; rural and cooperative banks-in communities engaged in promotion and development activities Rural economic development of banks, non-banks with quasi-banking functions-financial institutions that do not have a full bank license but provide banking-related financial services.

General and Commercial Banks

Savings Banks

Below listed Banks are the biggest assets of the countries Banking industry.

 

Rural and Co-Operative Banks

For those who consider a career in the banking sector in the Philippines, this is the top list of banks in Philippines is very helpful on where to start. To get more information, please refer to our list of financial institutions in the Philippines.

BDO Unibank In terms of assets, BDO Unibank Inc is the biggest bank in the Philippines. The bank was established in 1968 as a savings bank called Acme Savings Bank. BDO provides several types of products and services, such as foreign exchange, deposits, loans, brokerage, investments, remittances, credit cards and corporate cash management. BDO bank is serving through 1200 branches and has more than 4000 ATM machines throughout the country.

Bank of the Philippine Islands The Bank of the Philippine Islands was originally called El Banco Español Filipino de Isabel II. It was established in 1851 and it is the oldest bank in the Philippines and Southeast Asia. It marked the beginning of the banking and financial industry in the Philippines. BPI has more than 800 branches (locally and in Hong Kong and Europe) and a network of 3,000 ATMs and cash deposit machines, providing a wide range of banking products and services, such as consumer banking and loans, insurance, foreign exchange, leasing, and corporate and investment Bank business.

China Banking Corporation Bank of China was established in 1920 is China’s first privately-owned local commercial bank. In 2012, Bank of China achieved as one of the best companies in the Philippines in the Bell Award of the Philippine Stock Exchange. The bank operates through 620 branches across the country.

Development Bank of the Philippines The Philippine Development Bank is the second-biggest state-owned bank. It is also one of the largest government-owned and controlled companies in the country. The bank is serving through 127 branches and 10 small units all over the country.

Land Bank of the Philippines Land Bank was established in 1963. The land bank owned by the Phillipe government is considered to be the biggest credit organization. in terms of assets, loans and deposits, it is also one of the best top commercial banks in the Philippines. The bank is serving through 395 branches and more than 1969 ATMs throughout the country.

Metropolitan Bank & Trust Company Metropolitan Bank & Trust Company is one of the country’s major financial organizations. The bank was established in 1962 but its first branch opened one year later. The bank is serving through 950 domestic branches and has more than 2300 ATMs throughout the country. The bank has 32 foreign branches and representative offices.

China Banking Corp The bank was established in 1920. The bank is the top-level private bank in the Philippines which is known as China Bank. The bank has a total of 620 branches all over the country though they are trying to add 29 branches in order to expand their business.

These are the best banks in Philippines. You can visit the site to gather more information. All the official information and links are included here. Some Banks have not their website. That’s why the website could not be included.

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