Largest universal and commercial banks Philippines Q4 2024, by deposits

As of the fourth quarter of 2024, the Philippines' largest universal and commercial bank based on its value of deposits was BDO Unibank Inc., with deposits amounting to approximately *** trillion Philippine pesos. BDO Unibank Inc. is a commercial and universal bank providing basic functions such as accepting deposits as well as other financial products and services including lending, trust and investments, credit cards, and remittances. 

Financial soundness of banks in the Philippines

The liquidity and assets of a bank are fundamental indicators of its financial soundness. In 2023, Philippine banks reported declining bank liquids reserves ratio to bank assets since its peak ratio in 2013. This indicates that banks are less liquid, or have fewer cash and readily convertible assets, in relation to their total assets. Despite this, the total assets of the Philippine banking system have shown year-over-year growth since 2017. 

Banking segments in the Philippines explained

According to the Philippine central bank, three main types of banks comprise the national banking system: universal and commercial banks, thrift banks, and rural and cooperative banks. Each one of these has a unique function that caters to the different banking needs of customers. While universal and commercial banks offer a more comprehensive array of financial services, rural banks promote financial protection and rate-friendly loans to the rural community and their economic activities. As of March 2025, rural banks issued the highest value of loans for the wholesale and retail trade, repair of motor vehicles and motorcycles, and economic activities.