BDO remains largest lender as assets near P3 T

MANILA, Philippines — Publicly-held BDO Unibank Inc. owned by the Sy family continues to dominate the banking industry as its assets near the P3 trillion level as of end-March.

Data from the Bangko Sentral ng Pilipinas (BSP) showed BDO topped the list in terms of assets with P2.89 trillion as of end-March this year, followed by the Metropolitan Bank & Trust Co. with P1.91 trillion and state-run Land Bank of the Philippines with P1.89 trillion.

Ayala-led Bank of the Philippine Islands (BPI) placed fourth with P1.79 trillion, Philippine National Bank with P952.62 billion, China Banking Corp. with P798.65 billion, Security Bank with P765.21 billion, state-owned Development Bank of the Philippines with P635.27 billion, Union Bank of the Philippines with P631.3 billion and Rizal Commercial Banking Corp. with P537.64 billion.

In terms of capital, BDO also dominated the industry with P337.73 billion followed by Metrobank with P287.59 billion, BPI with P255.23 billion, Landbank with P136.47 billion and PNB with P121.65 billion.

BDO also led the list in terms of deposits with P2.31 trillion, followed by Landbank’s P1.67 trillion, Metrobank’s P1.36 trillion, BPI’s P1.35 trillion, and PNB’s P695.57 billion.

The bank also dominated the list in terms of total loans and receivables with P1.98 trillion followed by BPI with P1.15 trillion, Metrobank with P1.09 trillion, Landbank with P850.81 billion, and PNB with P535.98 billion.

On the other hand, BPI Family Savings Bank emerged as the biggest thrift bank in terms of assets with P284.74 billion followed by Metrobank’s Philippine Savings Bank with P234.9 billion, RCBC Savings Bank with P137.04 billion, China Bank Savings with P95.83 billion, Philippine Business Bank with P94.84 billion, City Savings Bank with P80.12 billion, and PNB Savings Bank with P60.97 billion.

In the rural and cooperative bank category, BDO’s One Network Bank topped the list in terms of assets with P27.15 billion followed by East West Rural Bank with P24.38 billion, Card Bank Inc. with P15.79 billion, Guagua Rural Bank with P5.33 billion, and First Isabela Coop Bank with P4.24 billion.