Top 10 Banks in the Philippines

Explore the top 10 banks in the Philippines and compare their features, fees, and benefits to find the right bank for your financial needs.

by J Nandhini | Updated Mar 14, 2023

Top 10 Banks in Philippines

Here is the list of Top 10 Banks in Philippines

Bank Name	Type of Bank	Year Established	Number of Branches	Number of ATMs
Banco De Oro (BDO)	Private	1968	1,400+	4,400+
Metropolitan Bank and Trust Company (Metrobank)	Private	1962	950+	2,500+
Bank of the Philippine Islands (BPI)	Private	1851	800+	3,000+
Land Bank of the Philippines	Government-Owned	1963	400+	2,200+
Philippine National Bank (PNB)	Government-Owned	1916	700+	1,000+
Security Bank Corporation	Private	1951	300+	900+
China Banking Corporation (China Bank)	Private	1920	600+	1,500+
Development Bank of the Philippines (DBP)	Government-Owned	1947	120+	400+
United Coconut Planters Bank (UCPB)	Government-Owned	1963	180+	300+
Union Bank of the Philippines	Private	1981	300+	1,300+

1. Banco De Oro (BDO)

Banco De Oro or BDO is the largest bank in the Philippines by assets and is part of the SM Group of Companies. The bank was established in 1968 and has since then grown to over 1,000 branches and 4,000 ATMs nationwide. BDO offers a wide range of financial services, including personal and business banking, investments, and insurance.

2. Metrobank

Metropolitan Bank and Trust Company or Metrobank is the second-largest bank in the Philippines by assets. The bank was established in 1962 and has since then grown to over 950 branches and 2,300 ATMs nationwide. Metrobank offers a wide range of financial services, including personal and business banking, investments, and insurance.

3. Bank of the Philippine Islands (BPI)

Bank of the Philippine Islands or BPI is the third-largest bank in the Philippines by assets. The bank was established in 1851 and has since then grown to over 900 branches and 3,000 ATMs nationwide. BPI offers a wide range of financial services, including personal and business banking, investments, and insurance.

4. Land Bank of the Philippines

Land Bank of the Philippines or LandBank is a government-owned bank that provides financial services to farmers, fisherfolk, and other rural sectors. The bank was established in 1963 and has since then grown to over 400 branches and 1,500 ATMs nationwide. LandBank offers a wide range of financial services, including personal and business banking, investments, and insurance.

5. Philippine National Bank (PNB)

Philippine National Bank or PNB is one of the oldest banks in the Philippines, established in 1916. The bank has since then grown to over 700 branches and 1,400 ATMs nationwide. PNB offers a wide range of financial services, including personal and business banking, investments, and insurance.

6. Security Bank

Security Bank is a privately-owned bank established in 1951. The bank has since then grown to over 300 branches and 700 ATMs nationwide. Security Bank offers a wide range of financial services, including personal and business banking, investments, and insurance.

7. China Banking Corporation (China Bank)

China Banking Corporation or China Bank is one of the oldest privately-owned banks in the Philippines, established in 1920. The bank has since then grown to over 600 branches and 1,400 ATMs nationwide.

8. Development Bank of the Philippines (DBP)

Development Bank of the Philippines or DBP is a government-owned bank that focuses on providing financial services to support infrastructure and development projects in the Philippines. The bank was established in 1947 and has since then grown to over 120 branches and 400 ATMs nationwide. DBP offers a wide range of financial services, including personal and business banking, investments, and insurance.

9. United Coconut Planters Bank (UCPB)

United Coconut Planters Bank or UCPB is a government-owned bank that provides financial services to coconut farmers and their families. The bank was established in 1963 and has since then grown to over 180 branches and 300 ATMs nationwide. UCPB offers a wide range of financial services, including personal and business banking, investments, and insurance.

10. Union Bank of the Philippines

Union Bank of the Philippines or UnionBank is a privately-owned bank that has been operating in the Philippines since 1981. The bank has since then grown to over 300 branches and 1,300 ATMs nationwide. UnionBank offers a wide range of financial services, including personal and business banking, investments, and insurance.

Factors to Consider When Choosing a Bank

When choosing a bank in the Philippines, there are several factors to consider, such as:

1. Accessibility

Choose a bank that has branches and ATMs near your home or workplace. This will make it easier for you to access your account and withdraw cash.

2. Fees and Charges

Banks have different fees and charges for their services, such as ATM withdrawal fees, account maintenance fees, and transaction fees. Choose a bank that offers reasonable fees and charges.

3. Interest Rates

Check the interest rates of the bank's savings and time deposit accounts. Choose a bank that offers competitive interest rates.

4. Services Offered

Consider the services offered by the bank, such as online banking, mobile banking, and other digital services. Choose a bank that offers convenient and reliable digital services.

5. Security

Check the bank's security measures, such as fraud detection and prevention, to ensure the safety of your funds.

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Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

Top 10 Banks in the Philippines - FAQs

1. What is the largest bank in the Philippines?

The largest bank in the Philippines by assets is Banco De Oro or BDO.

2. What is the oldest bank in the Philippines?

The oldest bank in the Philippines is Bank of the Philippine Islands or BPI, established in 1851.

3. Are government-owned banks reliable in the Philippines?

Yes, government-owned banks such as LandBank and DBP are reliable and offer excellent financial services.

4. Do all banks in the Philippines offer online banking?

Most banks in the Philippines offer online banking and other digital services.

5. Which bank offers the highest interest rates in the Philippines?

Interest rates vary among banks, but some of the banks that offer competitive interest rates include BDO, Metrobank, and BPI.