Thursday, November 3, 2011

Sixteen Philippine Banks On 500 Strongest Banks

On 500 strongest banks in the region, Sixteen Philippine banks have made it to the list, this was based on a study by The Asian Banker.

Among the 16 banks, there are 13 commercial banks and three are thrift banks. Banco de Oro (BDO) was classified as the largest bank in the Philippines.  It top as 186th among the 500 as compare before at 195th place.

Metropolitan Bank & Trust Co. (Metrobank) has been the strongest bank and kept its ranking at 197th. While the Philippine Savings Bank (PSBank) as the strongest among the three thrift banks.

East West Banking Corp. (EastWest Bank) became the largest gainer, with its 191%  increase in net profit.

The study recognizes Security Banking Corp. (Security Bank) became as the highest return on assets among regional banks.

The Bank of the Philippine Islands (BPI) moved up to 200th spot from 211th while The Land Bank of the Philippines is at 264th down from 251st in 2010.

The Rizal Commercial Banking Corp. (RCBC) has been ranked down to 317th from last year’s 310th.

The Philippine National Bank (PNB) placed 324th from 313th, while China Banking Corp. move up at 338th from 340th.

Union Bank of the Philippines (UnionBank) landed and slide down to 343rd slot from 331st a year ago. Allied Banking Corp. has been ranked 384th from 366th, while United Coconut Planters Bank (UCPB) moved up to 387th from 406th.

Meanwhile, Security Bank and BPI Family Savings Bank made it to the list for the first time at 398th and 415th spot.

Bank of Commerce is at 449th from 420th, while PSBank is at 452nd from 426th. EastWest Bank is at 466th, the first time it has made it to the list. RCBC Savings Bank has also made it to the list for the first time at 497th.

Among the top 50 banks in South Asia and Southeast Asia, 23 are Indian banks, four are from Singapore, nine from Malaysia, seven from Thailand, and four from Indonesia.


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