The banking system in the Philippines is a dynamic and rapidly evolving sector that plays a vital role in the country's economic growth. With a mix of local and international banks operating within its borders, the industry boasts a wide range of financial products and services tailored to meet diverse customer needs. Among the institutions that dominate this vibrant market are institutions that have become household names, known for their reliability, innovation, and extensive branch networks. This guide delves into the most famous banks in the Philippines, exploring their histories, services, and contributions to the financial landscape.

1. BDO Unibank, Inc.

BDO Unibank, Inc. (Banco de Oro) is the largest bank in the Philippines by total assets, deposits, and loans, making it a powerhouse in the Filipino banking landscape. Established in 1968, BDO evolved from a single branch into a financial behemoth with a presence that spans the globe. The bank offers a comprehensive suite of services, including retail banking, corporate banking, investment banking, and wealth management.

One of the distinguishing characteristics of BDO is its aggressive expansion strategy, both through organic growth and acquisitions. The bank has consistently sought mergers and partnerships to bolster its service offerings and expand its geographical footprint. In addition to traditional banking services, BDO has embraced technology to enhance customer experience, making it possible for customers to perform transactions through mobile banking apps and online platforms.

Moreover, BDO plays a pivotal role in promoting financial literacy among Filipinos. Its commitment to educating consumers about personal finance and investment options has made it not just a bank, but also a partner in the economic empowerment of its clients.

2. Metropolitan Bank