BDO Unibank, Inc. (BDO) remained the biggest bank in the Philippines at end-September 2017 in terms of assets, capital, deposits and loans, data from the Bangko Sentral ng Pilipinas showed.

BDO was the largest lender in the country in asset terms with P2.49 trillion as of September, followed by Metropolitan Bank & Trust Co. (Metrobank) founded by banker George S.K. Ty with P1.63 trillion.

Ayala-led Bank of the Philippine Islands (BPI) regained the third spot with assets worth P1.54 trillion, pushing government-run Land Bank of the Philippines (Landbank) to the fourth spot with P1.48 trillion in assets.

Security Bank Corp. remained at fifth place as its assets stood at P796.96 billion at end-September last year, followed by Lucio C. Tan, Sr.’s Philippine National Bank (PNB) with P758.92 billion, and Sy-led China Banking Corp. (China Bank) with P607.57 billion.

State-run Development Bank of the Philippines (DBP) finished at eighth place, booking P557.46 billion worth of assets at end-September, followed by Aboitiz-led Union Bank of the Philippines (UnionBank) with P488.05 billion and Rizal Commercial Banking Corp. (RCBC) of the Yuchengcos with P420.35 billion.

BDO also led the sector in terms of total stockholder’s equity with a capital of P293.99 billion, followed by Metrobank with P199.94 billion, BPI with P174.86 billion, PNB with P106.03 billion and Landbank with P101.94 billion.

Security Bank ranked sixth in terms of capital with P101.5 billion, then China Bank with P75.95 billion, UnionBank with P65.94 billion, RCBC with P64.86 billion and DBP with P46.55 billion.

In terms of total deposit liabilities, BDO also dominated the industry as it booked P2.02 trillion worth of deposits at end-September, followed by Landbank (P1.31 trillion), BPI (P1.27 trillion), Metrobank (P1.26 trillion) and PNB (P574.52 billion).

The Sy-led bank also led the ranking in terms total loans and receivables with P1.67 trillion, followed by BPI (P919.89 billion), Metrobank (P915.3 billion), Landbank (P599.13 billion) and PNB (P415.54 billion).

BDO booked a P20.4-billion net income in the first nine months of 2017, up 5% from the P19.3 billion booked in the comparable 2016 period. The increase in its earnings was mainly attributable to higher income from its core and fee-based businesses. — K.A.N. Vidal

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