#biggest banks in the philippines

Believe it or not, banking is a fairly recent phenomenon in the Philippines. Would you know which of the nation's banks are the largest today in terms of total assets? If not, here then is a list of the twenty biggest banks in the country today. Total Assets: PHP 102,117,267,113.90 Total Liabilities: PHP 89,634,233,823.14 A member of the Maybank Group (Malayan Banking Berhad), Maybank Philippines was established in 1997 with the acquisition by Maybank of a 60 percent stake in PNB Republic Bank. Their head office transferred to the PBCom Tower in Makati City by 2001, hailed as the tallest building in the Philippines until 2017. Regarded as one of the oldest private banks in the Philippines, it was granted a universal banking license by the Bangko Sentral ng Pilipinas (BSP) by 2001. Hongkong and Shanghai Banking Corporation (HSBC) Total Assets: PHP 198,844,921,407.37 Total Liabilities: PHP 184,797,775,513.54 HSBC Philippines was opened in 1875, along with other international branches such as those in Japan, India, and Vietnam. Asia United Bank Corporation (AUB) Total Assets: PHP 314,834,035,929.09 Total Liabilities: PHP 277,231,323,874.49 Asia United Bank Corporation (AUB) was among the very few banks that was granted a full-branch commercial bank license in 1997, during the height of the Asian Financial Crisis, and is operating until this day. Read more in our articles including "Ranked: Biggest Banks in the Philippines (by Total Assets)" and "10 Biggest Powerbanks You Can Buy Today".