According to various sources there is a total of 43 well-known Universal and commercial banks, 56 Savings Banks, 102 Rural and Cooperative banks found here in the Philippines.

banks list philippines

The 43 popular banks are those with the highest listed assets here in our country.  Most of the Philippine banks offers the following as listed below:

  • eBanking
  • Trust and Investments
  • Loans (Money, Car, House)
  • Credit cards
  • Debit cards
  • Remittance Services
  • Insurance
  • Savings/checking accounts
    •

eBanking for my personal used and experiences, I used this one to send funds and pay many of my online transactions. This is also the main way to check the current funds inside my Savings account without the need to go to the nearest ATM. I am a blogger, I am paid using my bank account. I just login to my account and viola! I can see whether the payment was already being processed (floating amount) or already inside my account which is ready to be cashed out.

Most of the banks, big or small will always allow you to loan money from them. Big banks will also allow you to loan a car or even a house.

For the credit and debit card, these cards are very useful when it comes to buying online or even when you are shopping in malls. Its like having an electronic money.

Remittance services are services for OFWs.

Insurance are also being offered by most of the banks. These can be from life insurances, up to car, house and more.

For the Savings or checking accounts. Simply put the savings account as your piggy bank wherein your earnings will just grow big and big as you deposit money on it. And as time flies by, it can also gain some interests.

Universal and Commercial Banks
  1. BDO Unibank, Inc. (BDO; largest bank in the Philippines in terms of assets; 243rd largest bank globally)
  2. Metropolitan Bank and Trust Company (Metrobank)
  3. Bank of the Philippine Islands (BPI; oldest bank in Southeast Asia)
  4. Land Bank of the Philippines (Landbank; LBP, main government bank)
  5. Philippine National Bank (PNB)
  6. Security Bank Corporation (Security Bank)
  7. China Banking Corporation (Chinabank)
  8. Development Bank of the Philippines (DBP, secondary government bank)
  9. Union Bank of the Philippines, Inc. (Unionbank)
  10. Rizal Commercial Banking Corporation (RCBC)
  11. United Coconut Planters Bank (UCPB)
  12. East West Banking Corporation (EastWest Bank)
  13. Citibank Philippines
  14. Asia United Bank Corporation (AUB)
  15. The Hongkong and Shanghai Banking Corporation Limited (HSBC)
  16. Philippine Trust Company (Philtrust Bank)
  17. Bank of Commerce (a subsidiary of San Miguel Corporation)
  18. Maybank Philippines, Inc.
  19. Robinsons Bank Corporation
  20. Philippine Bank of Communications (PBCom)
  21. Mizuho Bank, Ltd. Manila Branch
  22. MUFG Bank, Ltd.
  23. BDO Private Bank (subsidiary of Banco de Oro)
  24. Standard Chartered Bank Philippines
  25. Deutsche Bank
  26. Philippine Veterans Bank (Veterans Bank; PVB)
  27. CTBC Bank (Chinatrust)
  28. JPMorgan Chase & Co. (JPMorgan Chase)
  29. Australia and New Zealand Banking Group (ANZ)
  30. Sumitomo Mitsui Banking Corporation Manila Branch
  31. ING Group N.V.
  32. Bank of America, N.A.
  33. Bank of China - Manila Branch
  34. Mega International Commercial Bank Co. LTD
  35. KEB Hana Bank - Manila Branch
  36. Bangkok Bank Co. Ltd.
  37. Industrial Bank of Korea Manila Branch
  38. United Overseas Bank Limited Manila Branch
  39. Cathay United Bank Co. Ltd. - Manila Branch
  40. Shinhan Bank - Manila Branch
  41. Hua Nan Commercial Bank Ltd. Manila
  42. First Commercial Bank Manila
  43. Al-Amanah Islamic Investment Bank of the Philippines
Philippine Banks with the biggest assets as of December 31, 2017 listed on Bangko Sentral ng Pilipinas website.


Savings Banks
  1. BPI Family Savings Bank (a subsidiary of BPI)
  2. Philippine Savings Bank (PS Bank; a subsidiary of Metrobank)
  3. RCBC Savings Bank (a subsidiary of RCBC)
  4. China Bank Savings (a subsidiary of Chinabank)
  5. Philippine Business Bank
  6. CitySavings Bank (a subsidiary of Unionbank)
  7. PNB Savings Bank (a subsidiary of PNB)
  8. Sterling Bank of Asia
  9. Bank of Makati
  10. UCPB Savings Bank (a subsidiary of UCPB)
  11. First Consolidated Bank, Inc.
  12. Maximum Savings Bank, Inc.
  13. HSBC Savings Bank Philippines Inc.
  14. BPI Direct BanKo, Inc. (a subsidiary of BPI)
  15. Producers Savings Bank Corporation (Producers Bank)
  16. Philippine Resources Savings Banking Corporation (PR Savings Bank; acquired by CitySavings Bank)
  17. Overseas Filipino Bank (acquired by Landbank; government bank)
  18. Equicom Savings Bank (Equicom)
  19. Wealth Development Bank Corporation
  20. Malayan Savings Bank
  21. 1st Valley Bank, Inc. (a development bank)
  22. Luzon Development Bank
  23. CARD SME Bank, Inc. (a thrift bank)
  24. Citystate Savings Bank
  25. Bangko Kabayan (a private development bank)
  26. Pen Bank, Inc. (formerly Peninsula RB, Inc.)
  27. Yuanta Savings Bank Philippines, Inc.
  28. AllBank, Inc.
  29. Legazpi Savings Bank
  30. Enterprise Bank, Inc
  31. Queen City Development Bank
  32. Century Savings Bank Corporation
  33. Bank One Savings and Trust Corporation
  34. Dumaguete City Development Bank, Inc.
  35. Merchants Savings and Loan Association, Inc.
  36. Hiyas Banking Corporation
  37. Isla Bank (a thrift bank)
  38. Sun Savings Bank, Inc.
  39. University Savings Bank
  40. Village Bank, Inc.
  41. NorthPoint Development Bank, Inc.
  42. Farmers Savings and Loan Bank, Inc.
  43. Pampanga Development Bank
  44. Cordillera Savings Bank, Inc.
  45. Bataan Development Bank
  46. Business and Consumers Bank
  47. Inter-Asia Development Bank
  48. Life Savings Bank, Inc.
  49. Metro Cebu Public Savings Bank
  50. Bataan Savings and Loan Bank
  51. Pacific Ace Savings Bank, Inc.
  52. Lemery Savings and Loan Bank, Inc.
  53. Maritime Savings Bank Corporation
  54. Philippine Star Development Bank, Inc.
  55. Malasiqui Progressive SLB, Inc.
  56. Quezon Coconut Bank, Inc. (a thrift bank)
Philippine Savings Banks with the biggest assets as of September 30, 2017 listed on Bangko Sentral ng Pilipinas website.


Rural and Cooperative Banks
  1. One Network Bank, Inc. (a subsidiary of Banco de Oro)
  2. EastWest Rural Bank, Inc. (a subsidiary of EastWest Bank)
  3. CARD Bank, Inc. (a MF RB)
  4. Guagua Rural Bank, Inc.
  5. First Isabela Cooperative Bank (FICO Bank)
  6. GM Bank of Luzon, Inc. (a rural bank)
  7. Quezon Capital Rural Bank, Inc.
  8. Metro South Cooperative Bank
  9. BOF, Inc. (a rural bank)
  10. AMA Rural Bank of Mandaluyong, Inc.
  11. Rang-ay Bank, Inc. (a rural bank)
  12. Katipunan Bank, Inc. (a rural bank)
  13. Cantilan Bank, Inc. (a rural bank)
  14. Dumaguete Rural Bank Inc. (DRBI)
  15. Rizal Bank (a MF RB)
  16. Banco Dipolog (a rural bank; subsidiary of the Philippine Bank of Communications)
  17. Country Builders Bank, Inc. (a rural bank)
  18. Summit Bank (rural bank of Tublay, Inc.)
  19. Rural Bank of Angeles, Inc. (A subsidiary of Asia United Bank Corporation)
  20. Banco Mabuhay (a rural bank)
  21. Marayo Bank, Inc. (a rural bank)
  22. Cooperative Bank of Cotabato
  23. Insular Savers Bank, Inc. (a rural bank)
  24. Rural Bank of Cauayan, Inc.
  25. New Rural Bank of San Leonardo (N.E.) Inc.
  26. Rural Bank of Pandi (Bulacan) Inc.
  27. People’s Rural Bank (Gen. Santos City) Inc.
  28. MVSM Bank (a rural bank since 1953) Inc.
  29. Camalig Bank, Inc. (a rural bank)
  30. Consolidated Cooperative Bank
  31. Rural Bank of Barili (Cebu) Inc.
  32. Imus Rural Bank, Inc.
  33. Bankways, Inc. (a rural bank)
  34. ASPAC Rural Bank, Inc.
  35. PlanBank (Rural Bank of Canlubang Planters, Inc.)
  36. Rural Bank of Central Pangasinan (Bayambang) Inc.
  37. Rural Bank of Digos, Inc.
  38. Rural Bank of Magdalena (Laguna) Inc.
  39. Mount Makiling Rural Bank, Inc.
  40. First Tagum Rural Bank, Inc.
  41. Valiant Bank, Inc. (a rural bank)
  42. Gateway Rural Bank, Inc.
  43. LifeBank (a rural bank)
  44. Malarayat Rural Bank, Inc.
  45. Rural Bank of San Mateo (Isabela) Inc.
  46. Mallig Plains Rural Bank (ISA) Inc.
  47. Highland Rural Bank, Inc.
  48. Cooperative Bank of Quezon Province
  49. Mactan Rural Bank (Lapu-Lapu City) Inc.
  50. Rural Bank of Bambang (Nueva Vizcaya) Inc.
  51. Ilocos Sur Cooperative Bank
  52. Rural Bank of Pola (Oriental Mindoro)
  53. Cooperative Bank of Ilocos Norte
  54. RBT Bank, Inc. (a rural bank)
  55. Rural Bank of Rizal (Zamboanga del Norte) Inc.
  56. Rural Bank of Gattaran (Cagayan) Inc.
  57. Laguna Prestige Banking Corporation (a rural bank)
  58. Rural Bank of Maria Aurora (Aurora) Inc.
  59. Rural Bank of Itogon (Benguet) Inc.
  60. Rural Bank of Pilar (Bataan) Inc.
  61. BHF Rural Bank, Inc.
  62. Network Consolidated Cooperative Bank
  63. Rural Bank of Sta. Ignacia, Inc.
  64. Entrepreneur Rural Bank, Inc.
  65. Rural Bank of Rosario (La Union) Inc.
  66. Saviour Rural Bank, Inc.
  67. Rural Bank of Tangub City (Misamis Occidental) Inc.
  68. Rural Bank of General Trias, Inc.
  69. D' Asian Hills Bank, Inc. (a rural bank)
  70. Community Rural Bank of Catmon (Cebu) Inc.
  71. Aliaga Farmers Rural Bank, Inc.
  72. Rural Bank of San Antonio, Inc.
  73. Rural Bank of Dumangas, Inc.
  74. Rural Bank of Bayombong, Inc.
  75. Rural Bank of San Pascual (Obando, Bulacan) Inc.
  76. Cooperative Bank of Nueva Vizcaya
  77. Rural Bank of Bagabag (N.V.) Inc.
  78. Rural Bank of Solano (Nueva Vizcaya) Inc.
  79. Sugbuanon Rural Bank, Inc.
  80. Rural Bank of Montalban, Inc.
  81. RBG Imperial Bank, Inc. (a rural bank)
  82. Banco Laguna, Inc. (a rural bank since 1965)
  83. Rural Bank of Dolores (Quezon) Inc.
  84. Cebuana Lhuillier Rural Bank, Inc.
  85. Rural Bank of Lebak (Sultan Kudarat) Inc.
  86. Rural Bank of Cardona (Rizal) Inc.
  87. Innovative Bank, Inc. (a rural bank)
  88. Common Wealth Rural Bank, Inc.
  89. Cooperative Bank of Bohol
  90. Liberty Bank (a rural bank)
  91. Sta. Maria Rural Bank, Inc.
  92. Rural Bank of Guinobatan, Inc.
  93. Balanga Rural Bank, Inc.
  94. Rural Bank of Maragondon, Inc.
  95. Rural Bank of Jaen, Inc.
  96. Rural Bank of Paracale (Camarines Norte) Inc.
  97. Community Rural Bank of Dapitan City, Inc.
  98. Cavite United Rural Bank Corporation (A subsidiary of Asia United Bank Corporation)
  99. Rural Bank of Mangaldan
  100. Rural Bank of Mabalacat, Inc.
  101. Opportunity Kauswagan Inc. (a microfinance rural bank)
  102. First Agro-Industrial Rural Bank, Inc. / FAIRBANK Inc.
    103.
Rural and Cooperative banks list as of September 2017 from the BSP website.


Banks with Additional Derivative Authorities Granted Under BSP Circular No. 594 as of January 2008

A. Universal and Commercial Banks
Type 1: Expanded Dealer Authority
  • Australia and New Zealand Banking Group Limited
  • Citibank, N.A.
  • Deutsche Bank AG
  • ING Bank, N.V.
  • JP Morgan Chase Bank, N.A.
  • Standard Chartered Bank
  • The Hong Kong and Shanghai Banking Corporation


Type 2, 3 and/or 4: Additional Derivatives Authority
  • Bank of America, N.A.
  • Bank of the Philippine Islands
  • Bank of China Limited - Manila Branch
  • BDO Private Bank, Inc.
  • BDO Unibank, Inc.
  • China Banking Corporation
  • CTBC Bank (Philippines) Corporation
  • East West Banking Corporation
  • Maybank Philippines, Inc.
  • Metropolitan Bank & Trust Company
  • Mizuho Corporate Bank. Ltd. - Manila Branch
  • MUFG Bank, Ltd.
  • Philippine National Bank
  • Rizal Commercial Banking Corporation
  • Security Bank Corporation
  • Sumitomo Mitsui Banking Corporation - Manila Branch
  • Union Bank of the Philippines
    •


B. Thrift Banks
Type 2, 3 and/or 4 Additional Derivatives Authority
  • HSBC Savings Bank (Phils), Inc.
  • Philippine Business Bank, Inc., A Savings Bank
  • Philippine Savings Bank
  • Sterling Bank of Asia, Inc. (A Savings Bank)
    •


C. Trust Departments
Type 3 Additional Derivatives Authority
  • BDO Private Bank - Wealth Advisory and Trust Group
  • BDO Unibank Inc. Trust and Investment Group
    •


BSP Supervised Financial Institutions with Trust Authority
(as of March 3, 2019)

A. Universal and Commercial Banks
  • Asia United Bank Corporation
  • Bank of Commerce
  • BDO Private Bank, Inc.
  • BDO Unibank, Inc.
  • China Banking Corporation
  • Citibank, N.A.
  • CTBC Bank (Philippines) Corporation
  • Deutsche Bank AG
  • Development Bank of the Philippines
  • East West Banking Corporation
  • Land Bank of the Philippines
  • Maybank Philippines, Incorporated
  • Metropolitan Bank and Trust Company
  • Philippine Bank of Communications
  • Philippine National Bank
  • Philippine Trust Company
  • Philippine Veterans Bank
  • Rizal Commercial Banking Corporation
  • Robinsons Bank Corporation
  • Security Bank Corporation
  • Standard Chartered Bank
  • The Hong Kong & Shanghai Banking Corporation
  • Union Bank of the Philippines
  • United Coconut Planters Bank


 B. Thrift Banks
  • AllBank (A Thrift Bank), Inc. (inactive)
  • Citystate Savings Bank, Inc.
  • Philippine Business Bank, Inc., A Savings Bank
  • Philippine Savings Bank
  • RCBC Savings Bank, Inc.
  • Sterling Bank of Asia, Inc. (A Savings Bank)


 C. Trust Corporation
  • ATRAM Trust Corporation
  • BPI Asset Management and Trust Corporation
  • Manulife Asset Management and Trust Corporation


 D. Other Non-Bank Financial Intermediaries
  • AB Capital and Investment Corporation
  • Philippine Commercial Capital, Inc.
  • Philippine Depository and Trust Corporation (inactive)
  • State Investment Trust, Inc.


BSP Supervised Financial Institutions Accredited as PERA Market Participants
(as of April 30, 2017)

A. PERA Administrator
  • BDO Unibank, Inc.
  • BPI Asset Management and Trust Corporation
    •


B. PERA Cash Custodian
  • Land Bank of the Philippines
    •


C. PERA Investment Product Provider
  • BDO Unibank, Inc. (UITF)
  • BPI Asset Management and Trust Corporation (UITF)
  • Land Bank of the Philippines (UITF)
  • Metropolitan Bank and Trust Company (UITF)
  • Rizal Commercial Banking Corporation (UITF)
    •