BDO retains #1 spot as the largest bank in the Philippines

Bangko Sentral ng Pilipinas (BSP) has released the latest data that shows the ranking as to Total Assets for Universal and Commercial Bank Group, and BDO Unibank Inc. topped the list.

BDO UNIBANK. Still PH’s biggest bank. Image grabbed from SM Investments

The data shown by BSP as of September 30, 2016 has Henry Sy’s BDO Unibank Inc. as rank number one, currently with P2,092,685.54 (million pesos) total assets, retaining its spot in the previous data released last March 31, 2016.

BSP LIST. The top 10 banks as to total assets. Data by Bangko Sentral ng Pilipinas

BDO Unibank, is a member of the SM Group which is one of the country’s most successful conglomerates. The bank also offers services such as lending, deposit-taking, foreign exchange, credit cards,and investment banking among others.

Placing on the second spot is Metrobank, with P1,398,305.31 total assets, followed by Land Bank of the Philippines with P1,335,098.49.

For the fourth spot, Ayala Corporation-owned Bank of the Philippine Islands (BPI) posted P1,310,656.25, and Security Bank Corporation at the fifth spot with P680,724.30.

The last five on the top 10 list includes Philippine National Bank (PNB) with P677,733.07, Development Bank of the Philippines (DBP) with P492,453.29, China Banking Corporation with P488,012.59, Rizal Commercial Banking Corporation with P415,035.50, and lastly, Union Bank of the Philippines with P410,563.48.

Source: Bangko Sentral ng Pilipinas, Inquirer Business