What are the top 3 banks in the Philippines?
The Philippine financial system is heavily dominated by powerful domestic universal banks that command vast deposit liabilities, extensive branch networks, and vital corporate lending capabilities. The first is BDO Unibank, which operates as the largest financial institution in the country by total assets, customer loans, and overall market presence under the SM Group umbrella. The second is Land Bank of the Philippines, a premier state-owned institution that plays a critical role in supporting agricultural development, rural infrastructure, and comprehensive government banking services. The third is Bank of the Philippine Islands (BPI), the oldest continuously operating bank in the country, which is renowned for its exceptional asset quality, strong brand heritage, and sophisticated corporate and retail financial products.
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