Ten Philippine banks made it to Forbes’ recently released list of the World’s Best Banks in 2023. 18
Topping the list was the Malaysia-based CIMB Bank; second was the Philippine National Bank (PNB); and third was the Bank of the Philippine Islands (BPI).
Rounding out the top five were Union Bank (Philippines) at the four spot and Banco de Oro (BDO) at number five.
LANDBANK and PSBank bagged sixth and seventh respectively. Meanwhile, Rizal Commercial Banking, Maya Bank, and Robinsons Bank got the eighth, ninth, and tenth spots.
You can see the full list below:
According to Forbes, “trust” was the most important factor with regard to the success of banks globally. This is especially after the pandemic and the rise of interest rates worldwide.
Their World’s Best Banks 2023 list, according to Forbes, is based on a worldwide survey of 48,000 banking customers in 32 countries.
It added that the 415 banks that earned a spot on the ranking were evaluated in categories such as digital services, customer services, financial advice, and, trust.
My experience of Philippines banks after living here for over 6 years is that they are totally out of date, with antiquated systems. Totally unimpressed and underwhelmed by their overall standards and quality of service