The Philippines Largest Banks | How Big is it?

The Philippine largest banks are big, billion-dollar sizes. But are they really that big compared to its neighbors?

Narrated by Tom McKay
Video Edited by iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

Can the Philippines become a financial powerhouse in the future? Let us know down below!

[Jondaime]

Yep, so many Filipinos don't save their hard earned money in the bank, why because the dividend is too small that they'd rather just put it their safety locks at home. Also there are other ways to get a higher dividends thru saving accounts like the state owned PAGIBIG MP2 - this is what I did actually rather than putting it in a bank.

[TradingQuotes]

BDO is expanding at a faster rate compared to other, BPI and Metrobank. In fact, these 2 banks are older than BDO.

[andoxcv]

because there are so many banks in the Philippines compared to Malaysia or Singapore, the banking assets and revenues are distributed to hundreds of banks, thus it appears that BDO is quite small to DBS and Malayan Bank. but if you added all these assets and revenues of the Philippine Banking System against that of Malaysian and Singapore, I believe the gap is not that significant.

[detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

[eringitom]

Ang boss ko marami silang kumpanya dito sa philippines, pero ang pera nila di nila nilalagay sa banko lahat kundi nasa mga proprty. Lalo na sa lupa and buildings, naglalagay lang sila ng pera kapag bayaran na ng mga bills. May pera sila sa banko pero di gaano kalaki, kasi maliit lang ang kinikita. Di gaya ng sa proprty mo iallagay triple o mas mataas pa ang kinita sa pera nila.

[Sunsolo-tg]

The Philippines has a stable banking system now. It has grown from the turmoil of its colonial past and turbulent history. With its strong work force and given a chance for a reliable and stable government, our banking could transcend other banks. It was not affected by the last western recession in 2008 -2016. We even lent money to some cash strapped European countries through The World Bank.

[petebngyn]

The major banks keep reporting record profits every year. Even while some businesses are down.

[pehclark]

Banking is booming in Philipines. most of the financials that exited from Shanghai are now based in Philipines.🤷

[MessJB]

As a Filipino, the main problem really is poverty. There's still a lot of Filipinos who are not given the opportunity to work because sometimes companies standardize very high qualifications. So as long as the poverty is high, people won't be able to put something in the bank.

The other problem is that, most Filipinos think only about the short-term. It would be a "waste" if you put your money in the bank when you could just keep it and spend it whenever you want to.

Another problem related to short-term, is that some Filipinos want low risk high rewards. They choose to put their money on something they think has low risk but has high returns. That is why there are tons of scams here in the Philippines.

We can blame the government all we want, but in reality, we (Filipinos) are also part of the problem.

The Philippines has a lot of potential, but because of greed, hunger for power, and that Pinoy crab mentality and pride, it will struggle to compete with other ASEAN Countries.

[robertrada]

But in reality the Philippine bank has the more safe and trusted bank in Asia..

[kenv]

BDO seems to be the most prone to hacks and stealing in any way. Not sure though

[jaykriss]

How can all people in philippines access the bank with stupid many requirement and high minimum deposits

[สุทธิศักดิ์มธุรพงศากุล]

Nice content and infromation....from Thailand 😉👍

[avrinrose]

In my fictional world, this bank is one of the largest banks in the world

[JaniferCadungog-cunx]

We are the light of the world and hope of all nation.😊

[noylee]

Why is most pinoy wealthiest trusted bpi the most for their savings?😅

[therealreview]

WRONG!!!
Don't just compare the top banks; talk about the size of the country's bank assets. FYI: In Malaysia, there are 22 commercial banks, while in the Philippines, there are 45 commercial banks. There are just 4 or 5 Big banks in MY but the rest are completely SMALL. The overall assets in Malaysia amount to 355 billion USD, while in the Philippines, it is 411 billion USD.

[champeight]

The top 5% wealthy (who owns most of the country) of the Phils put their money in offshore accounts. So what you see in Phil banks is just the fraction of Filipino wealth

[carlitoorejudosibarra]

Your ranking is not updated, as of December 2023, LandBank of the Philippines is the second largest bank in the Philippines