MARKETS | Staff Reporter, Philippines

Philippine banks improve world rankings

Banco de Oro Unibank remains top Philippine bank.

Most Philippine banks improved their rankings in the latest annual list of the world’s top 1,000 banks by London-based The Banker magazine. BDO was the Philippine bank with the highest ranking in the list, improving to 251st from 396th on enhanced overall performance, particularly in tier 1 capital, assets and profit. Metropolitan Bank and Trust Co. and Bank of the Philippine Islands improved their rankings, with the former at 333rd (from 375th) and the latter at 386th (from 409th). Other Philippine banks that landed on the top 1,000 list were Rizal Commercial Banking Corp. (642nd); Security Bank (655th); China Bank (663rd); Union Bank (702nd); PNB (765th); Philtrust Bank (986th) and East West Bank (992nd). ChinaBank, Philtrust and Eastwest were not previously included in the list.

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