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Largest Banks in the Philippines 2022

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Written By Robert Bagatsing

Chief Editor and Founder | Social Entrepreneur | Social Investor | Survived Strategic Marketing @ Harvard Business School | San Beda Grad | Proud Father to Lincoln Martin | Based in Manila, Dubai, Melbourne

April 16, 2022

The largest banks in the Philippines, according to the central bank of the Philippines.

The Philippine banking industry is dominated by five large companies: BDO Unibank, Land Bank of the Philippines, Metrobank, Bank of the Philippine Islands (BPI), and Philippine National Bank (PNB). The five banks together account for almost two-thirds of the country’s total banking assets.

Banco de Oro (BDO) is the largest bank in terms of total assets and deposits. It has a market share of more than 18% in both categories. Landbank is the second largest, with a market share of about 13%. Metrobank follows with a market share of about 11%. BPI comes in fourth with a market share of about 11%. Philippine National Bank is fifth, with a market share of about 6%.

Largest Banks in the Philippines 2022

We have completed the list of the largest banks in the Philippines so that you can review their products, services, and financial assets.

Source: Data extracted from Bangko Sentral ng Pilipinas (Central Bank of the Philippines).

Date: As of January 1, 2022

Type of banks: Universal and commercial bank group.

Currency: Amounts in in million Philippine pesos.


Rank Bank Name Assets Website
1 BDO Unibank, Inc.(Banco de Oro or BDO) 3,484,525.19
2 Land Bank of the Philippines 2,586,099.11
3 The Metropolitan Bank and Trust Company (Metrobank) 2,179,339.00
4 Bank of the Philippine Islands (BPI) 2,102,113.77
5 Philippine National Bank (PNB) 1,199,907.60
6 Development Bank of the Philippines (DBP) 1,158,101.94
7 China Banking Corporation (CBC) 1,024,695.41
8 Rizal Commercial Banking Corporation (RCBC) 955,027.46
9 Union Bank of the Philippines (UnionBank) 725,532.77
10 Security Bank Corporation (Security Bank Philippines) 700,525.17
11 EastWest Bank 383,452.40
12 Citibank N.A 351,162.27
13 United Coconut Planters Bank (UCPB) 319,293.64
14 Asia United Bank (AUB) 314,834.04
15 Bank of Commerce 199,284.56
16 Hongkong and Shanghai Banking Corporation Limited (HSBC) 198,844.92
17 Robinsons Bank Corporation (Rbank) 176,933.56
18 Philippine Trust Company (Philtrust Bank) 172,272.75
19 Philippine Bank of Communications (PBCOM) 111,667.36
20 Maybank Philippines, Incorporated 102,117.27
21 MUFG Bank, Ltd 84,020.48
22 Standard Chartered Bank 81,274.50
23 Mizuho Asia Pacific – Manila Branch 78,060.91
24 Bank of China (Hong Kong) Limited – Manila Branch 57,966.81
25 CTBC Bank (Philippines) Corp 52,796.14
26 Philippine Veterans Bank 52,139.37
27 JPMorgan Chase Bank, NA – Manila Branch 50,336.90
28 Deutsche Bank AG 50,032.78
29 Australia and New Zealand Banking Group Limited (ANZ) 46,173.11
30 Sumitomo Mitsui Banking Corporation (SMBC) 43,837.34
31 BDO Private Bank 38,004.00
32 ING Bank N.V. (ING Philippines) 31,463.93
33 Bank of America N.A. 25,277.35
34 CIMB Bank Philippines 20,688.72
35 KEB Hana Bank Manila Branch 17,508.17
36 Mega International Commercial Bank Co Ltd 13,950.80
37 Bangkok Bank Public Co. Ltd. 11,210.43
38 Industrial and Commercial Bank of China (ICBC) Manila Branch 9,785.15
39 Industrial Bank of Korea Manila Branch 8,112.70
41 Cathay United Bank Manila Branch 6,185.23
42 Hua Nan Commercial Bank Philippine (HNCB Manila Branch) 6,079.64
43 Chang Hwa Commercial Bank Ltd., Manila Branch 5,570.09
44 United Overseas Bank Limited, Manila Branch (UOB) 4,963.43
45 First Commercial Bank Ltd Manila Branch (FCB) 3,473.59
46 Al Amanah Islamic Investment Bank of the Philippines (AAIIBP) 842.03
Manila Philippines Skyline business district banking
Largest Banks in the Philippines

Click here to view the services and products of the largest banks in the Philippines.

You may also like to read the complete list of banks in the Philippines.

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