List of Philippine Rural Banks Under BSP

PHILIPPINE RURAL BANKS – Here is a list of more than 100 rural banks in the Philippines.

Currently, there are more than a hundred banks in the Philippines including the subsidiaries of
giant banking companies. Some of these banks belong to the Philippine Commercial Banks and
the Philippine Savings Banks.

PHILIPPINE RURAL BANKS

1. One Network Bank, Inc. (a subsidiary of Banco de Oro)
2. EastWest Rural Bank, Inc. (a subsidiary of EastWest Bank)
3. CARD Bank, Inc. (a MF RB)
4. Guagua Rural Bank, Inc.
5. First Isabela Cooperative Bank (FICO Bank)
6. GM Bank of Luzon, Inc. (a rural bank)
7. Quezon Capital Rural Bank, Inc.
8. Metro South Cooperative Bank
9. BOF, Inc. (a rural bank)
10. AMA Rural Bank of Mandaluyong, Inc.
11. Rang-ay Bank, Inc. (a rural bank)
12. Katipunan Bank, Inc. (a rural bank)
13. Cantilan Bank, Inc. (a rural bank)
14. Dumaguete Rural Bank Inc. (DRBI)
15. Rizal Bank (a MF RB)
16. Banco Dipolog (a rural bank; subsidiary of the Philippine Bank of Communications)
17. Country Builders Bank, Inc. (a rural bank)
18. Summit Bank (rural bank of Tublay, Inc.)
19. Rural Bank of Angeles, Inc. (A subsidiary of Asia United Bank Corporation)
20. Banco Mabuhay (a rural bank)
21. Marayo Bank, Inc. (a rural bank)
22. Cooperative Bank of Cotabato
23. Insular Savers Bank, Inc. (a rural bank)
24. Rural Bank of Cauayan, Inc.
25. New Rural Bank of San Leonardo (N.E.) Inc.
26. Rural Bank of Pandi (Bulacan) Inc.
27. People’s Rural Bank (Gen. Santos City) Inc.
28. MVSM Bank (a rural bank since 1953) Inc.
29. Camalig Bank, Inc. (a rural bank)
30. Consolidated Cooperative Bank
31. Rural Bank of Barili (Cebu) Inc.
32. Imus Rural Bank, Inc.
33. Bankways, Inc. (a rural bank)
34. SPAC Rural Bank, Inc.
35. PlanBank (Rural Bank of Canlubang Planters, Inc.)
36. Rural Bank of Central Pangasinan (Bayambang) Inc.
37. Rural Bank of Digos, Inc.
38. Rural Bank of Magdalena (Laguna) Inc.
39. Mount Makiling Rural Bank, Inc.
40. First Tagum Rural Bank, Inc.
41. Valiant Bank, Inc. (a rural bank)
42. Gateway Rural Bank, Inc.
43. LifeBank (a rural bank)
44. Malarayat Rural Bank, Inc.
45. Rural Bank of San Mateo (Isabela) Inc.
46. Mallig Plains Rural Bank (ISA) Inc.
47. Highland Rural Bank, Inc.
48. Cooperative Bank of Quezon Province
49. Mactan Rural Bank (Lapu-Lapu City) Inc.
50. Rural Bank of Bambang (Nueva Vizcaya) Inc.
51. Ilocos Sur Cooperative Bank
52. Rural Bank of Pola (Oriental Mindoro)
53. Cooperative Bank of Ilocos Norte
54. RBT Bank, Inc. (a rural bank)
55. Rural Bank of Rizal (Zamboanga del Norte) Inc.
56. Rural Bank of Gattaran (Cagayan) Inc.
57. Laguna Prestige Banking Corporation (a rural bank)
58. Rural Bank of Maria Aurora (Aurora) Inc.
59. Rural Bank of Itogon (Benguet) Inc.
60. Rural Bank of Pilar (Bataan) Inc.
61. BHF Rural Bank, Inc.
62. Network Consolidated Cooperative Bank
63. Rural Bank of Sta. Ignacia, Inc.
64. Entrepreneur Rural Bank, Inc.
65. Rural Bank of Rosario (La Union) Inc.
66. Saviour Rural Bank, Inc.
67. Rural Bank of Tangub City (Misamis Occidental) Inc.
68. Rural Bank of General Trias, Inc.
69. D’ Asian Hills Bank, Inc. (a rural bank)
70. Community Rural Bank of Catmon (Cebu) Inc.
71. Aliaga Farmers Rural Bank, Inc.
72. Rural Bank of San Antonio, Inc.
73. Rural Bank of Dumangas, Inc.
74. Rural Bank of Bayombong, Inc.
75. Rural Bank of San Pascual (Obando, Bulacan) Inc.
76. Cooperative Bank of Nueva Vizcaya
77. Rural Bank of Bagabag (N.V.) Inc.
78. Rural Bank of Solano (Nueva Vizcaya) Inc.
79. Sugbuanon Rural Bank, Inc.
80. Rural Bank of Montalban, Inc.
81. RBG Imperial Bank, Inc. (a rural bank)
82. Banco Laguna, Inc. (a rural bank since 1965)
83. Rural Bank of Dolores (Quezon) Inc.
84. Cebuana Lhuillier Rural Bank, Inc.
85. Rural Bank of Lebak (Sultan Kudarat) Inc.
86. Rural Bank of Cardona (Rizal) Inc.
87. Innovative Bank, Inc. (a rural bank)
88. Common Wealth Rural Bank, Inc.
89. Cooperative Bank of Bohol
90. Liberty Bank (a rural bank)
91. Sta. Maria Rural Bank, Inc.
92. Rural Bank of Guinobatan, Inc.
93. Balanga Rural Bank, Inc.
94. Rural Bank of Maragondon, Inc.
95. Rural Bank of Jaen, Inc.
96. Rural Bank of Paracale (Camarines Norte) Inc.
97. Community Rural Bank of Dapitan City, Inc.
98. Cavite United Rural Bank Corporation (A subsidiary of Asia United Bank Corporation)
99. Rural Bank of Mangaldan
100. Rural Bank of Mabalacat, Inc.
101. Opportunity Kauswagan Inc. (a microfinance rural bank)
102. First Agro-Industrial Rural Bank, Inc. / FAIRBANK Inc.

Here is the full list of the Philippine commercial banks:

 BDO Unibank, Inc.

 Metropolitan Bank and Trust Company (Metrobank)
 Bank of the Philippine Islands (BPI)
 Land Bank of the Philippines
 Philippine National Bank (PNB)
 Security Bank Corporation (Security Bank)
 China Banking Corporation (Chinabank)
 Development Bank of the Philippines (DBP)
 Union Bank of the Philippines, Inc. (Unionbank)
 Rizal Commercial Banking Corporation (RCBC)
 United Coconut Planters Bank (UCPB)
 East West Banking Corporation (EastWest Bank)
 Citibank Philippines
 Asia United Bank Corporation (AUB)
 The Hongkong and Shanghai Banking Corporation Limited (HSBC)
 Philippine Trust Company (Philtrust Bank)
 Bank of Commerce (a subsidiary of San Miguel Corporation)
 Maybank Philippines, Inc.
 Robinsons Bank Corporation
 Philippine Bank of Communications (PBCom)
 Mizuho Bank, Ltd. Manila Branch

 MUFG Bank, Ltd.
 BDO Private Bank (subsidiary of Banco de Oro)
 Standard Chartered Bank Philippines
 Deutsche Bank
 Philippine Veterans Bank (Veterans Bank; PVB)
 CTBC Bank (Chinatrust)
 JPMorgan Chase & Co. (JPMorgan Chase)
 Australia and New Zealand Banking Group (ANZ)
 Sumitomo Mitsui Banking Corporation Manila Branch
 ING Group N.V.
 Bank of America, N.A.
 Bank of China – Manila Branch
 Mega International Commercial Bank Co. LTD
 KEB Hana Bank – Manila Branch
 Bangkok Bank Co. Ltd.
 Industrial Bank of Korea Manila Branch
 United Overseas Bank Limited Manila Branch
 Cathay United Bank Co. Ltd. – Manila Branch
 Shinhan Bank – Manila Branch
 Hua Nan Commercial Bank Ltd. Manila
 First Commercial Bank Manila
 Al-Amanah Islamic Investment Bank of the Philippines

Three are universal banks and one is a thrift bank.

Land Bank of the Philippines
LandBank Plaza Bldg.
1598 M. H. Del Pilar cor. Dr. J. Quintos St.
Malate, Manila 1004
– No. of Offices: 370
– Founded in 1963
– Became a universal bank in 1973

Development Bank of the Philippines

Headquarters:
Gil Puyat Avenue corner Makati Avenue
Makati City
– No. of Offices: 113
– Started as Agricultural and Industrial Bank in 1939
– Renamed Development Bank of the Philippines in 1958
– Became a universal bank in 1995
Al-Amanah Islamic Investment Bank of the Philippines
Headquarters:
PHIDCO A. Building
Veterans Avenue, Zamboanga City
Executive Office:
4th Floor Development Bank of the Philippines
Gil Puyat Avenue corner Makati Avenue
Makati City 1200
No. of Offices: 9
– Started in 1973 as Philippine Amanah Bank
– Renamed Al-Amanah Islamic Investment Bank of the Philippines in 1990
– Only bank authorized to operate under Islamic banking concepts
– Owned and controlled by the Development Bank of the Philippines

Overseas Filipino Bank, A Savings Bank of LandBank

(formerly Philippine Postal Savings Bank)
– was created to cater to the banking needs of OFWs, other overseas Filipinos and their
families
– was ceremonially launched by Pres. Duterte on January 18, 2018
– was created in September 2017 when Pres. Rodrigo Duterte issued Executive Order No.
44 approving the acquisition of the Philippine Postal Savings Bank by Landbank and
conversion into Overseas Filipino Bank.
Does the government own UCPB?
Yes, the government owns 73.9%% of UCPB. After years of court battles regarding UCPB
ownership, the Supreme Court ruled with finality in 2013 that the Philippine government
owns 72.2% of UCPB. Currently, UCPB is a government owned and controlled corporation
(GOOC) and a state depository bank. The government does not plan to run UCPB as a
government bank, so it has been working with the Department of Finance on its
privatization.
UCPB was originally First United Bank (FUB). It was renamed United Coconut Planters
Bank (UCPB) in 1975 after 72.2% of it was purchased by a government agency, the
Philippine Coconut Authority (PCA), using coconut levy funds. These funds were taxes
collected from coconut farmers from 1972 to 1982.
Isn’t Union Bank one of the government banks in the Philippines?
No. But the government-owned corporation SSS owns 13.99% of Union Bank.
What is Union Bank’s relationship with the SSS?
SSS is one of the 3 biggest shareholders of Union Bank. SSS, a government owned and
controlled corporation (GOCC), owns 13.99% of Union Bank, as of June 2018.
Is Philippine National Bank (PNB) a Government Bank?
No. Hindi na.
The Philippine National Bank (PNB) was created as a government bank in 1916, but it
started getting privatized in 1989 when its stocks were listed in the stock exchange.
In 1996, PNB became a private bank when the government’s ownership was reduced to
46%.
In 1999, a group led by Lucio Tan acquired 35% of the bank and increased its ownership to
69.32% in 2000. It further increased its ownership to 77.43% in 2005.
In 2007, the government sold all its remaining shares in PNB to the public.

The BSP monitors and compiles various indicators on the Philippine banking system. The Philippine
banking system is composed of universal and commercial banks, thrift banks, rural and cooperative
banks.

Universal and commercial banks represent the largest single group, resource-wise, of financial
institutions in the country. They offer the widest variety of banking services among financial institutions. In
addition to the function of an ordinary commercial bank, universal banks are also authorized to engage in
underwriting and other functions of investment houses, and to invest in equities of non-allied
undertakings.

The thrift banking system is composed of savings and mortgage banks, private development banks,
stock savings and loan associations and microfinance thrift banks. Thrift banks are engaged in
accumulating savings of depositors and investing them. They also provide short-term working capital and
medium- and long-term financing to businesses engaged in agriculture, services, industry and housing,
and diversified financial and allied services, and to their chosen markets and constituencies, especially
small- and medium- enterprises and individuals.

Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is
to promote and expand the rural economy in an orderly and effective manner by providing the people in
the rural communities with basic financial services. Rural and cooperative banks help farmers through the
stages of production, from buying seedlings to marketing of their produce. Rural banks and cooperative
banks are differentiated from each other by ownership. While rural banks are privately owned and
managed, cooperative banks are organized/owned by cooperatives or federation of cooperatives.