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Wednesday, June 26, 2013

Top Banks in the Philippines

One of the most commonly used landmarks (aside from malls and hospitals) are banks. They are strategically located and are designed to be accessible for customers. Banks also play a vital role in our economic and business systems. They work like a backbone for financial transactions of various activities in our economy. The big influence of banks within the economic financial structure defines somehow the development of a country.

The Philippine banking structure is very dynamic. I had once posted a List of Universal Banks in the Phil.. Aside from that these are commercial banks, thrifts banks and rural banks existing as well. All these banks are licensed by  Bangko Sentral ng Pilipinas  (Central bank of the Philippines).

Assets, Deposits, Capitals, Investments, Remittances and Loans are things being considered decidedly on the following top ranking banks in our country:

Banco de Oro

Banco de Oro Unibank Inc is owned by Mr. Henry Sy (under SM Group of Companies). It was the first Philippine bank to claim a milestone of over one trillion asset base. BDO has been known on its famous tag-line “ We find ways”.  They did find ways of extending service to customers by being the first to have banking operations during weekends and even extended hours on a regular banking day.

Metropolitan Bank and Trust Company (Metrobank)

Metrobank is owned by Mr. George Ty. It has big network of about 800 branches and subsidiaries worldwide. Metrobank is one of the most popular banks for me when I was young . They are very famous for this line: “YOU”RE IN GOOD HANDS” in Metrobank.

Bank of the Philippines Islands

BPI is the oldest bank both in the Philippines and in Southeast Asia. BPI is known for its innovation in technology  and even tagged as country’s most profitable bank. BPI is owned by Ayala Corporation and it comprises the largest banking network in the country.

And well, I am proud to work for this bank and we say: “Let’s make it easy”.

Land Bank of the Philippines

Land Bank is owned by the Philippine government and has a very large rural branch networks. Thus, it
provide services especially inclined to rural sectors like our fishermen, farmers and the like. I also observed that most government offices payroll facility is under this bank.

Other top banks include Rizal Commercial Banking Corporation (RCBC), Development Bank of the Philippines (DBP), Philippine National Bank, Unionbank, Chinabank and Security Bank. I hope to feature them on one of my posts.


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