Reputable Banks in the Philippines

Assuming that you a successful treasure hunter who recovered a Yamashita treasure, one of the most difficult decision that you have to make is where you are going to store it. Of course, it has to be somewhere safe from the thieves.

Reputable banks is still a viable option in keeping large sum of money because of the security and insurance that they provide. You may even opt in for time-deposit to earn from the interest rates offered by your chosen bank.

Here are the following top 10 reputable banks of the Philippines:

1. BDO

BDO stands for “Banco de Oro” and from the time of this post, it currently holds the highest rating of reputation in the country due to its outstanding statistics based on their assets, capital, deposits, and loans and receives. I won’t be providing here the exact numbers because they constantly change.

On 2016, “The Asian Banker” which is an organization in Singapore awarded BDO as the “Best Retail Bank” in the Philippines which can only be acquired by providing excellent service. One of the aspects why BDO deserves such awards are their scattered branches particularly inside shopping malls. This makes it easy for the customers to have convenience in accessing their money.

BDO have also improved their online presence such as being able to check your account balance. They also made partnership to many other trusted services online such as Xoom.

2. Metrobank

Metrobank (Metropolitan Bank and Trust Company) currently holds the second spot for being the most reputable bank in the country at the time of this post. In the past, it used to be the top and largest bank in the Philippines but not until 2008 when Banco de Oro (BDO) dominated the spot.

3. BPI

BPI stands for “Bank of the Philippine Islands” and at the time of this post, it currently rank at the third spot. Basing on their statistics, they have very close numbers against the Metrobank. Thus, it will be a no surprise when BPI suddenly takes over the second spot.

4. Landbank

At the 4th spot is the “Landbank of the Philippines” and just like BDO, they also received an award at the event held in Singapore back in 2016 which was the “SMART Awards Asia”. Landbank was awarded with the title as the “ASIAN Bank of the Year 2016”.

Perhaps one of the most respectable act offered by Landbank is their financial assistance that they provide to farmers and small or starting businesses.

5. PNB

The “Philippine National Bank” or more commonly known as “PNB” currently holds the fifth position (again, basing it on the time that this post was published). PNB was first established by the government in 1916 and its primary concern was to provide financial assistance to the country’s industry and agriculture.

The tycoon “Lucio Tan” later acquired the bank the reason why it was privatized by the government. Since Tan also owned the “Allied Bank”, both bank were merged on 2013.

6. Security Bank

Security Bank was formerly known as “Security Bank and Trust Company” or SBTC. It was established on 1951 where it was the first bank controlled by the Filipino people. Being able to survive throughout the years from the past until today is quite an admirable feat. On June 18, 2016, Security Bank just celebrated their 65th anniversary.

7. Chinabank

If you think that Security Bank is the country’s oldest bank in existence then you will be surprised to know that “China Bank” is a lot much older where it was established way back in 1920. Its primary purpose was to cater the needs of both the Chinese and Filipino businessmen in the country.

China Bank is also highly-decorated with several awards. In 2011, China Bank got the award as the “Best Wealth Management House” from the “Asset Magazin (HK)”. And on 2012, it got the “Best-Governed Companies in the Philippines” on the “Bell Awards” event. Then on 2013, the bank once again acquired the Bell Award.

8. Union Bank

Union Bank of the Philippines takes the 8th spot on our list. It became as one of the largest bank in the country when it merged with other small banks. What actually makes it one of the best for its services is that, it is a universal bank that provides easy access to account information and transactions. Union Bank has made accessibility and usage of account either by on-site or off-site through automated teller machines. It also have an improved internet banking system with a group of call center agents that provides assistance.


RCBC stands for “Rizal Commercial Banking Corporation”. The BSP or “Bangko Sentral ng Pilipinas” had given them the license for investment and commercial banking. But what’s really interesting about RCBC is that they are covering many large business such as the Non-Life Insurance Company, Sun Life Financial Philippines, Malayan Insurance and etc…

10. DBP

And finally, 10th on our list is DBP or “Development Bank of the Philippines”. Its primary focus is to provide financing for the infrastructures, social services, small to medium businesses and environmental needs.

DBP is a GOCC or “Government-Owned and Controlled Corporation” bank.

Do Rich People Put All their Money in the Bank?

To my treasure hunting community, many have already contacted me about their success in recovering their own Yamashita treasures. Majority of them thanked me for the advises that I gave to them. And for that, they were even willing to give me a share. Whether I accepted the offer or not is my secret.

Now as rich individuals, most of them kept on coming back asking for the final question if it’s really ideal to put all their money in the bank. My own personal opinion regarding about this matter is that, you can put all your money in several separate trusted banks for security purposes. Or, if you do not have any plans about what to do with it for the meantime.

The best option is actually to utilize your money through various forms of investments. Why? It’s because of “inflation”. The costs of products do constantly rise while the money that you stored in your banks decreases in value over the long term. Banks do pay interest for the money that you deposited but it won’t be enough to catch up with the inflation rate.

Thus, my best advice to all successful treasure hunters especially those who does not have any idea or knowledge where to invest their money is not to put everything in their banks. You are far better off holding most of your precious treasures in their gold form and only exchange small portion for your needs. Many experts actually claims that holding gold can help protect your wealth from inflation.

For those who are not treasure hunters, you can buy gold (so as sell it back) at the BSP (Bangko Sentral ng Pilipinas) which is also known as “Central Bank of the Philippines”. There are many other sources where you can buy gold but their security and legality is questionable.

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