Top Ten Financial Companies Of the Philippines


Bank of the Philippine Islands (BPI)

Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas, Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is the oldest bank in the Philippines still in operation and is the country’s second largest bank in terms of assets, the country’s largest bank in terms of market capitalization, and the country’s most profitable bank. It is owned by the Ayala Corporation – the largest conglomerate in the Philippines, and is based in Makati’s Central Business District, on the corner of Ayala Avenue and Paseo de Roxas. As of 2014, it is currently listed in Forbes as the Philippines’ largest bank in terms of market value and overall ranking.

BPI is also the oldest bank in Southeast Asia and has a long and distinguished history that spans over a century. It has either influenced or has been influenced by many nations, including parts of the former Spanish Empire, especially Mexico, and the United States. While it is considered by many as an old institution, BPI is trying to promote itself as a dynamic institution that caters to its various clients, which hail from various sectors of Philippine society


BDO Unibank, Inc. (PSE: BDO)

BDO Unibank, Inc. (PSE: BDO), commonly known as Banco de Oro and BDO, is the largest bank in the Philippines. It belongs to the SM Group of Companies, one of the country’s largest conglomerates owned by tycoon Henry Sy. Following the Banco de Oro-Equitable PCI Bank merger, the bank has since become Banco de Oro Unibank, Inc.

Banco de Oro is a full-service universal bank. It provides products and services to the retail and corporate markets including lending (corporate, middle market, SME, and consumer), deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management and remittances. Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage and Stock Brokerage services.


Metropolitan Bank & Trust Company (Metrobank)

The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the second-largest bank in the Philippines. It has a diverse offering of financial services, from regular banking to insurance. It is the banking arm of tycoon George Ty.

The Metrobank Group has a combined network of over 800 local and international branches/offices, remittance offices, and subsidiaries worldwide. It has 557 domestic branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.


Philippine National Bank (PNB)

The Philippine National Bank (PNB, Filipino: Bangko Nasional ng Pilipinas,[2] Castilian Spanish: Banco Nacional de Agricola de Filipinas) (PSE: PNB) is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Occupation.

The bank was acquired by tycoon Lucio Tan after it was privatized by the government and became the first universal bank in the Philippines in 1980. After its merger with the Tan-owned Allied Bank on February 9, 2013, PNB became the fifth largest private domestic bank in the country.

PNB had 331 branches in the Philippines and 13 branches overseas as of the end of 2011.


China Banking Corporation (Chinabank)

China Banking Corporation (PSE: CHIB), commonly known as China Bank, was established in 1920 as the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese-Filipino businessmen. Today, China Bank is a full-service universal bank offering a wide range of deposit, investment, trust, cash management, remittance, and financing products and services to the retail, commercial/middle, and corporate markets. China Bank also offers insurance brokerage and bancassurance services through its subsidiary and affiliate.

China Bank was awarded by the US consulting firm Stern Stewart and Company in 2009 as one of the top 100 ASEAN companies in terms of delivering shareholder value. It was also awarded the Best Wealth Management House in the Philippines by The Asset Magazine (HK) in 2011. At the 2012 Bell Awards of the Philippine Stock Exchange, China Bank was named as one of the best-governed companies in the Philippines. It was the only bank among the top five awardees in the publicly listed companies category. The Bank was again awarded at the Bell Awards in 2013—one of only two other awardees to have been in the top five twice in a row. China Bank was also a recipient of the Institute of Corporate Director’s Gold Award for Corporate Governance in 2011 and 2012


Union Bank of the Philippines (Unionbank)

Union Bank of the Philippines more commonly known as UnionBank, is one of the largest banks in the Philippines, ranking seventh in terms of assets after its successful merger with smaller competitor International Exchange Bank. It is one of the most stable Philippine banks and is the host bank of the E-Card accounts of the members of the Government Service Insurance System.

UnionBank is a Philippine universal bank. Today multiple channels are available for transaction and information access: nationwide branch network, on-site and off-site automated teller machines, a call center and Internet bank.

In strategic business, the bank is a provider of corporate cash management & B2B solutions to leading local and multinational companies operating in the country. Its other lines of business are in Treasury services & capital markets, Internet banking, consumer finance, and distribution network.

UnionBank is a partnership among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank


Security Bank Corporation (SECB)

Security Bank Corporation is one of the Philippines’ leading universal banks serving retail, commercial, corporate and institutional clients. Established on June 18, 1951, as Security Bank and Trust Company, it was the first private and Filipino-controlled bank of the post-World War II period.

Security Bank was publicly listed with the Philippine Stock Exchange (PSE: SECB) in 1995. The bank’s major businesses include retail, commercial and corporate banking, and financial markets.
The Bank has established a nationwide presence in the Philippines


Rizal Commercial Banking Corporation (RCBC)

The Rizal Commercial Banking Corporation (RCBC, PSE: RCB) was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is the Philippines’ fifth-largest bank by assets, with total consolidated assets of about P422 billion (or US$9.6 billion) as of end-December 2013.

In 2012, RCBC’s investment banking arm, RCBC Capital participated in raising a total of P 174.4 billion through 12 Lead and Co-lead roles in the debt and equity capital markets for several issuers. RCBC Capital posted a growth of 94% in its revenues in 2012


East West Banking Corporation

East-West Bank (PSE: EW), more formally known as East-West Banking Corporation, is a universal bank in the Philippines. Its headquarters is at The Beaufort, the flagship luxury condominium project of Filinvest Development Corporation in Bonifacio Global City with extension offices at PBCom Tower Makati (Call Center Division), Hanston Building (Customer Care), and Pasong Tamo Extension (formerly the country head office of Levi’s Philippines).

East West Bank is a subsidiary of the Filinvest Development Corporation, a publicly listed company founded by Andrew Gotianun, Sr. in 1955. The Filinvest Group is composed of companies engaged in diverse businesses. It operates its real estate business primarily through its majority-owned subsidiaries, Filinvest Alabang, Inc. and Filinvest Land, Inc.

East West Bank joined BancNet in 1994 as an Associate member, with full use of the network’s facilities and services but without voting rights. In late 2008, East West Bank acquired a shareholding in the network, affording the Bank a Board seat as a full member bank.


The Philippine Stock Exchange, Inc. (PSE)

The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas; PSE: PSE) is the national stock exchange of the Philippines. It has been in continuous operation since its inception in 1927, making it one of the oldest stock exchanges in Southeast Asia. Currently, it maintains two trading floors: one at its headquarters at the PSE Plaza Ayala Triangle, Ayala Tower One in Makati City’s Central Business District; and one at the Philippine Stock Exchange Centre (Tektite Towers), Ortigas Center in Pasig City. Construction of the Philippine Stock Exchange office tower in Bonifacio Global City is expected to be completed by mid-2016.[3] The PSE is overseen by a 15-member Board of Directors, chaired by José T. Pardo.

The main index for PSE is the PSE Composite Index (PSEi) composed of thirty (30) listed companies. The selection of companies in the PSEi is based on a specific set of criteria.[further explanation needed] There are also six additional sector-based indices.

Trading on the PSE pre-opens at (all times PHT:) 9:00 am; opens at 9:30 am; is in the recess between 12:00 and 1:30 pm; pre-closes at 3:15 pm; in run-off from 3:20 pm; and closes at 3:30 pm.