BDO is still biggest bank with P1.05T in total assets

Tycoon Henry Sy-led Banco de Oro Unibank remained as the Philippines’ biggest bank, ending September with P1.05 trillion in consolidated resources.

Metropolitan Bank and Trust Co. trailed BDO by about P135 billion in balance sheet size as the banking unit of taipan George Ty ended the first nine months of 2011 with P917.82 billion in consolidated resources, based on the banks’ statements of financial condition.

Ayala-led Bank of the Philippine Islands, the third-largest bank, ended the first three quarters with P778.98 billion in total resources.

BDO was still also the country’s biggest lender with P613.32 billion in net loans and receivables, followed by Metrobank’s P419.82 billion and BPI’s P414.95 billion in loan portfolios.

Apart from building the largest loan book, the Sys’ banking arm likewise has access to the largest deposit at P819.77 billion. Metrobank’s deposit base stood at P657.42 billion, followed closely by BPI’s P625.66 billion.

Among the big three, however, Metrobank has the largest capitalization as its total stockholders’ equity hit P104.27 billion compared with BDO’s P88.88 billion and BPI’s P83.11 billion.

In the first nine months of the year, BDO grew its net profit by 19 percent year on year to P7.6 billion, which translated to an annualized return on common equity of 11.8 percent.

BPI, for its part, expanded its nine-month net profit by 6 percent to P9.6 billion, resulting in a return on equity of 15.5 percent.

Metrobank has yet to release its nine-month operating results.