MANILA, Philippines - BDO Unibank Inc. maintained its dominance in the banking industry in terms of total assets, capital, deposits, and loans last year, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The country’s largest bank owned by retail and banking magnate Henry Sy topped the list in terms of total assets with P2.2 trillion last year followed by Metropolitan Bank & Trust Co. of taipan George Ty with P1.55 trillion.
Ayala-led Bank of the Philippine Islands (BPI) climbed to third with P1.45 trillion dislodging government-run Land Bank of the Philippines with P1.39 trillion followed by Philippine National Bank of airline and tobacco magnate Lucio Tan with P711.28 billion, and Security Bank with P695.66 billion.
The assets of Sy-led China Banking Corp. amounting to P552.87 billion dislodged state-owned Development Bank of the Philippines from 7th spot with P535.78 billion while Aboitiz-owned Union Bank of the Philippines’ P458.74 billion dislodged Rizal Commercial Banking Corp. of tycoon Alfonso Yuchengco from 9th place with P419.29 billion.
In terms of capital, BDO dominated the industry with P216.33 billion followed by Metrobank with P187.4 billion, BPI with P160.55 billion, and PNB with P101.84 billion.
Security Bank improved to 5th place with P96.54 billion after received a P37 billion from The Bank of Tokyo Mitsubishi UFJ Ltd (BTMU) for a 20 percent stake in April last year.
Landbank ranked 6th with P85.38 billion followed by RCBC with P62.6 billion, UnionBank with P62.33 billion, China Bank with P57.41 billion, and DBP with P44.12 billion.
BDO was likewise the biggest deposit taker with P1.83 trillion, also the largest lender with total loans and receivables amounting to P1.47 trillion.