#largest banks

In fact, Filipinos have been with modern banks for less than two centuries. 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. 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. 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. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and acquired universal banking status. in August 2003 and became the sixth largest credit card issuer and one of the largest in auto financing when it acquired AIG PhilAm Savings Bank (AIGPASB) in 2009. To recall, InstaPay is an electronic funds transfer service that enables customers of participating banks, e-money issuers or mobile money operators to transfer funds, in Philippine peso currency, anytime of the day and almost instantly between accounts. Read more in our articles including "Ranked: Biggest Banks in the Philippines (by Total Assets)" and "Eight Power Banks for Your Laptops That You Can Buy".