RP's biggest banks
BusinessWorld published its "Fourth Quarter Bangking Report" yesterday. From the tables, here are the country's biggest commercial banks in terms of total assets as of end-2007. Column 2 is assets in Q4 '07 while column 3 is change from Q3 '07. All figures in P Billion:
1. Metrobank, 706.89; 41.94
2. BDO-EPCI, 621.30; 12.84
3. BPI, 617.00; 64.03
4. LBP, 382.50; 10.99
5. DBP, 241.16; -3.00
6. PNB, 240.16; 6.40
7. RCBC, 238.88; 12.52
8. Citibank, 211.43; 7.68
9. UBP, 186.71; 15.59
10. Chinabank, 174.90; 16.24
11. Alliedbank, 141.70; -1.96
12. Securitybank, 129.36; 4.54
The merger of BDO with EPCI bank resulted in the sudden jump of BDO into the #2 spot. The increase from Q3 level was not that impressive compared to the growth in assets of Metrobank and BPI. Possibly some transactional glitches as the systems of the 2 merged banks have to be reconciled and standardised.
It will not take long for BDO to overtake Metrobank in the #1 spot; if not this year, possibly next year. BDO is the only bank in the country where some branches, especially those in SM malls, are open 7 days a week, and up to 7pm per day! The volume of financial transactions on weekends and up to 7pm are huge.
Government banks LBP and DBP are like "saling-pusa" (cat play) since those government banks do not operate in a really competitive environment, but in secured and protected markets, like the fortnightly salaries of the national government's more than 1 million employees, not to mention depositories by LGUs.
If these government banks are privatised, that will really make the domestic banking system more competitive. The "directors" of those banks are often cronies and political appointees of the President and other high government officials. Some of those directors have no background whatsoever in banking, but because they praised endless "halleluiah" to the appointing officials, they have become bank "directors" from out of the blue.
1. Metrobank, 706.89; 41.94
2. BDO-EPCI, 621.30; 12.84
3. BPI, 617.00; 64.03
4. LBP, 382.50; 10.99
5. DBP, 241.16; -3.00
6. PNB, 240.16; 6.40
7. RCBC, 238.88; 12.52
8. Citibank, 211.43; 7.68
9. UBP, 186.71; 15.59
10. Chinabank, 174.90; 16.24
11. Alliedbank, 141.70; -1.96
12. Securitybank, 129.36; 4.54
The merger of BDO with EPCI bank resulted in the sudden jump of BDO into the #2 spot. The increase from Q3 level was not that impressive compared to the growth in assets of Metrobank and BPI. Possibly some transactional glitches as the systems of the 2 merged banks have to be reconciled and standardised.
It will not take long for BDO to overtake Metrobank in the #1 spot; if not this year, possibly next year. BDO is the only bank in the country where some branches, especially those in SM malls, are open 7 days a week, and up to 7pm per day! The volume of financial transactions on weekends and up to 7pm are huge.
Government banks LBP and DBP are like "saling-pusa" (cat play) since those government banks do not operate in a really competitive environment, but in secured and protected markets, like the fortnightly salaries of the national government's more than 1 million employees, not to mention depositories by LGUs.
If these government banks are privatised, that will really make the domestic banking system more competitive. The "directors" of those banks are often cronies and political appointees of the President and other high government officials. Some of those directors have no background whatsoever in banking, but because they praised endless "halleluiah" to the appointing officials, they have become bank "directors" from out of the blue.
posted by Bienvenido Oplas Jr | 6:16 PM
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