The
Philippines has a comprehensive banking system encompassing various types of banks, from large
universal banks to small rural banks and even
non-banks. As of September 30, 2022,[1] there were forty-five (45) universal and
commercial banks,[2] forty-four (44)
savings banks,[3] four hundred (400) rural and cooperative banks,[4] forty (40)
credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000.[5]
On top of regular banking services offered by universal, commercial, thrift and rural banks, there are
savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the
Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines.[6]
The forty-five banks listed above are those with the biggest assets in the Philippine banking industry, listed at the BSP website as of September 30, 2022. The largest of these is BDO Unibank and the smallest is
Al-Amanah Islamic Bank.
These are the forty-four (44) savings and thrift banks in the Philippines as of September 30, 2022, listed in the official website of the Bangko Sentral ng Pilipinas (BSP).[8]
Rural Bank of Tangub City (Misamis Occidental) Inc.
Rural Bank of Taal, Inc
Saviour Rural Bank, Inc.
Sta. Maria Rural Bank, Inc.
Sugbuanon Rural Bank, Inc.
Summit Bank (rural bank of Tublay, Inc.)
Valiant Bank, Inc. (a rural bank)
Rural Bank of Cuenca Inc.
The rural and cooperative banks listed above are the updated list from the official website of the Bangko Sentral ng Pilipinas (BSP) as of September 30, 2022.[9] The largest rural bank in the Philippines in terms of assets is
BDO Network Bank.[10]
Defunct or merged banks
1st E Bank (Philippine Branches acquired by Banco de Oro)
Acme Savings Bank (acquired by the Sy Group of Companies and renamed Banco De Oro)
AIG Philam Savings Bank (merged with East West Banking Corporation)
Allied Bank (merged with Philippine National Bank)
The
Philippines has a comprehensive banking system encompassing various types of banks, from large
universal banks to small rural banks and even
non-banks. As of September 30, 2022,[1] there were forty-five (45) universal and
commercial banks,[2] forty-four (44)
savings banks,[3] four hundred (400) rural and cooperative banks,[4] forty (40)
credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000.[5]
On top of regular banking services offered by universal, commercial, thrift and rural banks, there are
savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent among these small savings services is the
Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines.[6]
The forty-five banks listed above are those with the biggest assets in the Philippine banking industry, listed at the BSP website as of September 30, 2022. The largest of these is BDO Unibank and the smallest is
Al-Amanah Islamic Bank.
These are the forty-four (44) savings and thrift banks in the Philippines as of September 30, 2022, listed in the official website of the Bangko Sentral ng Pilipinas (BSP).[8]
Rural Bank of Tangub City (Misamis Occidental) Inc.
Rural Bank of Taal, Inc
Saviour Rural Bank, Inc.
Sta. Maria Rural Bank, Inc.
Sugbuanon Rural Bank, Inc.
Summit Bank (rural bank of Tublay, Inc.)
Valiant Bank, Inc. (a rural bank)
Rural Bank of Cuenca Inc.
The rural and cooperative banks listed above are the updated list from the official website of the Bangko Sentral ng Pilipinas (BSP) as of September 30, 2022.[9] The largest rural bank in the Philippines in terms of assets is
BDO Network Bank.[10]
Defunct or merged banks
1st E Bank (Philippine Branches acquired by Banco de Oro)
Acme Savings Bank (acquired by the Sy Group of Companies and renamed Banco De Oro)
AIG Philam Savings Bank (merged with East West Banking Corporation)
Allied Bank (merged with Philippine National Bank)