Top 10 International Banks In The Philippines [2022-2023]

 Top 10 International Banks In The Philippines 

Just like China, Japan and Russia, the Philippines have experienced over the last 2 decades growth in its financial sector.

The increase in infrastructure, road networks and other facilities has resulted in the growth of the financial network in the Philippines.

The Philippines' financial system includes a variety of banks, including larger universal banks, smaller rural banks, and non-banks. Every sort of bank has a distinctive strategy.

There are many international banks in the Philippines, but here is the top best in the country.

In this article, we are going to look at the various top 10 international banks by providing you details of which bank is the best for students, which is best for PayPal transactions, which is the best for online banking and which is the best for high yield savings etc.

Top 10 International Banks In The Philippines

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1). Citibank Philippines

When it comes to high-yielding saving accounts, Citibank Philippines stands as the best international bank in the Philippines.

Founded in 1912 in Manila, it’s one of the oldest and longest-serving banks in the country.

Its best known to provide digital services such as online banking, credit cards, loans, insurance, wealth management and savings. #

Citibank conducts operations in more than 160 nations and jurisdictions, offering a wide range of financial products and services to businesses, governments, investors, institutions, and private citizens.

2). Bank of the Philippine Islands (BPI)

The oldest bank in the Philippines and Southeast Asia, the Bank of the Philippine Islands (BPI), was established in 1851. It signalled the beginning of the Philippine banking and finance sector.

It has more than 800 local, Hong Kong, and European branches in addition to 3000 ATMs and cash deposit machines. This bank offers a wide variety of banking services and products, including investment, corporate, and consumer banking, lending, insurance, and FOREX.

Major services provided here include cards (credit cards, debit cards and prepaid cards), and loan services (Personal Loans, Auto loans, Home loans and Ka-Negosyo loans).

Types of Accounts available at BPI include Savings Accounts, Checking Accounts, and Time Deposit Accounts while services rendered include Foreign Exchange, Transfer Funds to other Banks, Pay Bills and More, Send Money Abroad, Send Money to a Pay Out Partner and Remitting to the Philippines.

3). Union Bank of the Philippines

Union Bank, which was established in 1968, was the pioneer of internet banking in the Philippines. In addition to developing the first bank website in the Philippines, it also introduced the EON Cyber Account, the nation's first electronic savings account and the precursor to electronic checking.

Union Bank was the first bank to start online banking in the Philippines and has grown over the decades to be among the top 10 international banks in the Philippines.

It also offers cash management and B2B banking services to the country's local and global corporations.

One major advantage of using Union Bank of the Philippines is that it’s the best bank for Paypal transactions.

4). Landbank of the Philippines

Located in Manila, is another international bank in the Philippines, called Landbank of the Philippines. Its one of the oldest banks in the region and was founded in 1963.

It’s a state own bank and one of the most successful banking financial institutions in rural areas, having more than 365 branches and 1600+ ATMs services machines.

5). Philippine National Bank

If you are looking for an international bank that is best for checking accounts in the Philippines, then the Philippine National Bank is the right place for you.

Created since the first world war (1916) as a state bank, until 2007 when it was privatized.

Philippine National Bank is regarded as one of the largest international (universal) private banks in the Philippines.

It works closely with the government, agencies, local government units, and government-owned and controlled corporations, providing a wide range of banking products and services.

Philippine National Bank has an estimated 716 branches and 1,710 ATMs in the Philippines, as well as 70 branches internationally.

Address: PRES. D. MACAPAGAL BLVD, PNB FINANCIAL CENTER, FLOOR 2

SWIFT/BIC code is PNBMPHMMXXX

Contact details.: (+632) 8573 8888

Email: customercare@pnb.com.ph

6). Development Bank of the Philippines (DBP)

Development Bank of the Philippines (DBP) is the second largest state-owned bank in the Philippines.

DBP specialize in four major sectors- infrastructure and logistics, SMEs, social services, and the environment.

Services provided include personal banking, corporate banking, Development Financing, Trust and Investments and online banking.

DBP has over 3,000 employees, with an estimated 138 branches and 836 ATMs.

SWIFT/BIC is DBPHPHMMXXX

Address. D B P Building Senator Gil Puyat Avenue Corner Makati Avenue1200, Makati City, Metro Manila, Philippines

Contact Number. 8189512 8189520

7). JP Morgan Chase.

JP Morgan Chase is the world leading internal banking institution and has a branch office in the Philippines precisely in Manila.

JP Morgan Chase Manila Philippines is a commercial bank regulated by the Bangko Sentral ng Pilipinas and the Philippine Securities and Exchange Commission.

Major products and services provided here include M&A advisory, arrangement of equity and debt capital, loans and loan syndication, deposit taking, government securities, cash management, foreign currency payments, foreign exchange transactions, liquidity management and financial risk management.

Swift code is CHASPHMM

The branch code is ENQ

Address: Zuellig Building, Paseo de Roxas, Makati, Metro Manila, Philippines

Phone: +63 25751199

8). China Banking Corp

This was the first privately owned local commercial bank that provides products and services like deposits, investments, remittances, and cash management in the Philippines.

China Banking Corp also monitors subsidiaries and affiliates providing insurance brokerage and bank assurance.

China Banking Corp operates through a network of 634 branches and 1,002 ATMs and lists around 10,000+ employees.

China Banking Corp now provides products and services such as deposits, investments, trusts, remittances, and cash management. China Banking Corp also oversees subsidiaries and affiliates that provide insurance brokerage and bancassurance solutions. 

SWIFT Code is CHBKPHMM

Postcode is 1226

Address: 8745 China Bank Building, Paseo de Roxas cor. Villar St., Makati City 1226 P.O. 2182

Contact: (632) 8885-5555

9). Tonik Bank

Tonik Bank has been ranked as the Best Digital Bank for High-Yield Savings & Time Deposit in the Philippines.

Tonik Bank is one of the international banks in the Philippines, located in Pasig City was founded in 2021. It was one of the first digital banks to be operated in Southeast Asia.

Tonik Bank also has branches located in India and Singapore.

SWIFT Code is TODGPHM2

Postcode is 1605

Address: Meralco Avenue, Oranbo Estancia Offices Floor 6 605 B

Email: customercare@tonikbank.com

Contact: +63 2 5322 2645

10). RCBC - Rizal Commercial Banking Corporation

Last but not least an international bank in the Philippines is the RCBC - Rizal Commercial Banking Corporation.

RCBC is also ranked among the largest universal banks in the Philippines since its creation in the 1960s.

It has been classified as the best bank in the Philippines for online banking.

RCBC has a total of over 448 branches and 1100 ATMs spread across the Philippines.

Major services render our service and loan management, investment, online services, cards, insurance, saving etc.

SWIFT code  is RCBCPHMMXXX

Address: Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue Makati City 0727 Philippines.

International contact: +800-8888-7222

Final Remarks

We hope you find the top 10 international banks in the Philippines worthy of your time and investment.

Note that there are many greater international banks in the country which have not been talked about. However, the above-listed banks will give you an overview of the top banks in the region.

If you are looking forward to making a career in Accounting, then you can check out some of the awesome resources below.

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