BDO still largest Philippine bank in H1

MANILA, Philippines — BDO Unibank Inc. maintained its dominance in the banking industry in terms of total assets, capital, deposits, and loans in the first half of the 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 P2.74 trillion in end-June, followed by Metropolitan Bank & Trust Co. of taipan George SK Ty with P1.83 trillion.

State-run Land Bank of the Philippines took third place with P1.7 trillion, followed by Ayala-led Bank of the Philippine Islands (BPI) with P1.64 trillion, Philippine National Bank of airline and tobacco magnate Lucio Tan with P812.15 billion, Security Bank with P722.17 billion, and another Sy-led bank, China Bank, with P681.49 billion.

Completing the top 10 are state-owned Development Bank of the Philippines with P617.54 billion, Aboitiz-owned Union Bank of the Philippines with P559.5 billion, and Yuchengco-led Rizal Commercial Banking Corp. with P468.99 billion.

In terms of capital, BDO dominated the industry with P302.73 billion followed by Metrobank with P271.29 billion, BPI with P236.51 billion, Landbank with P117.37 billion, and PNB with P114.21 billion.

BDO also topped the list in terms of deposits with P2.25 trillion, followed by Landbank’s P1.5 trillion, Metrobank’s P1.33 trillion, BPI’s P1.3 trillion, and PNB’s P625.75 billion.

The Sy-owned bank also dominated the list in terms of total loans and receivables with P1.88 trillion followed by Metrobank with P1.07 trillion, BPI with P1.02 trillion, Landbank with P744.75 billion, and PNB with P456.69 billion.

On the other hand, BPI Family Savings Bank emerged as the biggest thrift bank in terms of assets with P264 billion followed by Metrobank’s Philippine Savings Bank with P232.86 billion, RCBC Savings Bank with P123.07 billion, Philippine Business Bank with P93.12 billion, China Bank Savings with P91.55 billion, and PNB Savings Bank with P56.51 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 P19.06 billion, Card Bank Inc. with P13.51 billion, Guagua Rural Bank with P4.85 billion, and First Isabela Coop Bank.

Latest data from the BSP showed the total assets of Philippine banks reached P16.05 trillion in end-June this year, 10.1 percent higher than the P14.58 trillion recorded in end-June last year.

Total resources of big banks or universal and commercial banks rose 10.6 percent P14.55 trillion from P13.15 trillion, while that of mid-sized banks or thrift banks climbed 5.1 percent to P1.24 trillion from P1.18 trillion.