Universal Banks in the Philippines — Full List

Guide on the Universal Banks in the Philippines and their Functions

UNIVERSAL BANKS IN THE PHILIPPINES – Here is a full list of the biggest universal banking firms in the country.

Among the many types of banks, one of the most popular is the “Universal Bank”. However, truth be told that many of us are not aware about the functions of this type of bank as well as the other types of banking institutions. In this article, we will discuss about the Universal Bank and the banking institutions under this type in the country.

The Universal Banks offer deposit accounts, credits, loans, asset management, investment advisorym securities transaction, payment processing, and financial analysis services. This type of bank is most common among the European nations.

Universal Banks offer both commercial banking and investment banking services. These includes the following:

There are several Universal Banks in the Philippines. Based on the list of Bangko Sentral ng Pilipinas (BSP), here are the UBs in the country:

1. Al-Amanah Islamic Investment Bank of the Philippines*
2. Asia United Bank Corporation (AUB)
3. Australia and New Zealand Banking Group (ANZ)
4. BDO Unibank, Inc.
5. BDO Private Bank
6. Prince Bank
7. Bank of America, N.A.
8. Bank of China – Manila Branch
9. Bank of Commerce
10. Bank of the Philippine Islands
11. Bangkok Bank Co. Ltd.
12. Cathay United Bank Co. Ltd. – Manila Branch
13. Chang Hwa Commercial Bank LTD – Manila Branch
14. China Banking Corporation (Chinabank)
15. Chinatrust Philippines Commercial Bank Corporation (Chinatrust)
16. CIMB Bank Philippines Inc.
17. Citibank Philippines
18. Development Bank of the Philippines (DBP, secondary government bank)*
19. Deutsche Bank
20. East West Banking Corporation (EastWest Bank)
21. First Commercial Bank Manila
22. Hua Nan Commercial Bank Ltd. Manila
23. Industrial and Commercial Bank China Limited – Manila Branch
24. Industrial Bank of Korea Manila Branch
25. JPMorgan Chase & Co. (JPMorgan Chase)
26. KEB Hana Bank – Manila Branch
27. Land Bank of the Philippines (Landbank; LBP, main government bank)*
28. Maybank Philippines, Inc.
29. Mega International Commercial Bank Co. LTD
30. Metropolitan Bank and Trust Company (Metrobank)
31. Mizuho Bank, Ltd. Manila Branch
32. MUFG Bank, Ltd.
33. Philippine Bank of Communications (PBCom)
34. Philippine National Bank (PNB)
35. Philippine Trust Company (Philtrust Bank)
36. Philippine Veterans Bank (Veterans Bank; PVB)
37. Rizal Commercial Banking Corporation (RCBC)
38. Robinsons Bank Corporation (RBank)
39. Security Bank Corporation (Security Bank)
40. Shinhan Bank – Manila Branch
41. Standard Chartered Bank Philippines
42. Sumitomo Mitsui Banking Corporation Manila Branch
43. The Hongkong and Shanghai Banking Corporation Limited
44. Tonik
45. Union Bank of the Philippines, Inc. (Unionbank)
46. United Overseas Bank Limited Manila Branch

Out of the several Universal Banks in the Philippines listed by BSP, BDO Unibank has the biggest assets. Aside from these banks, there are also several rural banks in the Philippines.