Trilyonaryo banks: Sy-blings’ BDO still No. 1 in 2022 as Ty-blings’ Metrobank conquers BPI of Ayalas, Yuchengco’s RCBC quashes Lucio Tan’s PNB

Philippine Banking Giants

The race among the country’s financial giants is heating with trilyonaryo private banks bulking up their assets in 2022.

BDO Unibank chaired by ultra bilyonaryo Tessie Sy-Coson became the the first bank to local bank to breach the P4 trillion mark in 2022.

BDO remained the most dominant bank with P4.013 trillion in consolidated assets last year, up 15 percent from 2021.

Metropolitan Bank and Trust Co. led by bilyonaryo Arthur Ty grabbed the No. 2 spot as its assets jumped by more than a third year on year to P2.922 trillion in 2022.

Bank of the Philippine Islands (BPI) chaired by bilyonaryo Jaime Augusto Zobel de Ayala grew by a quarter year on year to P2.625 trillion in 2022, which is only good for third place.

Ultra bilyonaryo Hans Sy’s China Banking Corp. is in fourth spot with P1.424 trillion, up by more than 40 percent year on year.

Rizal Commercial Banking Corp. led by bilyonaryo Helen Yuchengco-Dee jumped to fifth place with its assets expanding by a quarter to P1.191 trillion.

Philippine National Bank of ultra bilyonaryo Lucio Tan slipped to No. 6 with P1.178 trillion.

Union Bank of the Philippines of the Aboitiz family joined the 12-zero club with P1.085 trillion in 2022, as its assets grew by 50 percent with its takeover of Citi Group’s Philippine retail assets.

https://bilyonaryo.com/2023/02/11/trilyonaryo-banks-sy-blings-bdo-still-no-1-in-2022-as-ty-blings-metrobank-conquers-bpi-of-ayalas-yuchengcos-rcbc-quashes-lucio-tans-pnb/business/#gsc.tab=0