Over 40 universal and commercial banks are registered in the Bangko Sentral ng Pilipinas (BSP), the central banking agency of the Philippines.
I created only the top 16 of them which are the most profitable banks in the Philippines. They’re the highest net-income gainers of all Philippine-based banks.
These banks are universal and commercial banks. Most of them are listed in the Philippine Stock Exchange (PSE).
Only the Land Bank of the Philippines and the Development Bank of the Philippines are not listed in the PSE.
Figures are gathered from their respective press releases which are published in the month of February to April 2018. These are their net income for the full-year 2017.
Note: Two major banks, Philippine Business Bank and PhilTrust Bank didn’t release their financial report yet. We’ll add their figures in the table below once they published their report.
Top 16 Most Profitable Banks in Philippines by Net Income 2018
|wdt_ID||Rank||Bank||Net Income (Billion Php)||% Increase/Decrease|
|1||1||BDO UNIBANK, INC. (BDO)||28.10||7.00%|
|2||2||BANK OF THE PHILIPPINE ISLANDS (BPI)||22.42||14.90%|
|3||3||METROPOLITAN BANK & TRUST COMPANY (Metrobank)||18.20||10.00%|
|4||4||LAND BANK OF THE PHILIPPINES||14.05||4.00%|
|5||5||SECURITY BANK CORPORATION (Security Bank)||10.30||20.00%|
|6||6||UNION BANK OF THE PHILIPPINES (Unionbank)||8.42||30.04%|
|7||7||PHILIPPINE NATIONAL BANK (PNB)||8.20||14.00%|
|8||8||CHINA BANKING CORPORATION (ChinaBank)||7.40||15.00%|
|9||9||Development Bank of the Philippines (DBP)||5.10||21.43%|
|10||10||EAST WEST BANKING CORPORATION (EastWest)||5.10||48.00%|
|Rank||Bank||Net Income (Billion Php)||% Increase/Decrease|
You may be wondering, “Why aren’t their net income is for the full-year 2017 and not for 2018?”
Because banks will release their 2018 financial reports in the public in the first quarter of 2019.