Forbes’ Best Philippine Banks in 2024

Dynamic banking in the Philippines covers a wide spectrum of financial demands. But choosing the finest one could be challenging with so many banks fighting for your trust. We have compiled a list of the best institutions and their features based on Forbes’ 2024 World’s Best Banks rating to help streamline your search.

Champions: PNB, National Bank of the Philippines

Forbes rates Philippine National Bank (PNB) as the top bank in the country for 2024. From their second-place ranking in 2023, these prestigious honors point to a growth. Originally founded in 1916, PNB is the principal government lender and the second largest bank in the nation depending on assets. It offers a wide range of banking products and services from traditional deposit accounts and loans to investment products and financial planning tools. PNB is well-known for its financial stability, outstanding customer service, and dedication to innovation.

Runner-up Union Bank of the Philippines (UBP)

Union Bank of the Philippines (UBP) landed second place. Consistent appreciation for UBP’s focus on customer-centric strategy and digital transformation comes from For Filipinos on the go, they offer a powerful mobile banking platform and a wide range of digital banking solutions, thereby simplifying and accessable banking.

Digital Masters: Union Digital Bank, OFBank, Maya Bank

The emergence of digital banks represents a distinctive feature of Philippine banking industry. Three digital banks account for a significant effect according to the Forbes list for this year. Focusing financial inclusion, Maya Bank—a joint venture between Ayala Corporation, Smart Communications, and PLDT—offers a completely digital banking experience with simple account opening requirements. Originally founded by Land Bank of the Philippines, OFBank offers loans specifically for overseas Filipino workers (OFWs), foreign currency accounts, and remittance services. Comprising a digital section of Union Bank of the Philippines, UnionDigital Bank provides a broad range of digital banking solutions including investment products, account opening, money transfers, and bill payments.

Selecting Your Appropriate Bank

Though Forbes’s ranking provides interesting research, your specific needs will guide which bank is ideal for you. Consider the type of account you need—checking, savings, investment products, financial planning tools, something else completely. Examine the benefits of online and mobile banking for you and determine whether in-person transactions and fast access call for a bank with large branch network. Compare also the expenses related with the provided accounts and services by different banks.

By carefully assessing your demands and applying the provided information, you will be able to choose which Philippine bank best suits your financial goals.

Jasmine C.

Mabuhay! An upcoming Newswriter for the Asian Affairs from the Pearl of the Orient - Philippines. Avid follower of celebrity gossips, fashion news. I got into writing so that my fellow Kababayan will be constantly updated with the latest news.

Recent Posts

V Surprises ARMY with Two Holiday Releases: A Festive Collab with Park Hyo-shin and “White Christmas” Cover

For K-pop fans, the Christmas season this year has become even more magical as several of their preferred stars reveal…

November 22, 2024

Celine Names TWS as Global Ambassadors Following Suzy Bae Announcement

After Suzy Bae's nomination as Celine's worldwide ambassador, the venerable French luxury fashion company has taken another bold step choosing…

November 22, 2024

Reddit Faces Widespread Outage, Users Turn to Workarounds Amid ‘Server Error’ Messages

Thousands of users of the well-known social network Reddit were left without access after a major outage of the website.…

November 22, 2024

Anne Hathaway Casted as ‘Verity’ in Colleen Hoover’s Book Adaptation

Anne Hathaway is slated to play the much expected film version of Colleen Hoover's best-selling book Verity in front of…

November 21, 2024

Gucci Set to Revolutionize Fashion Presentations with Unified Shows in 2025 under Sabato De Sarno’s Vision

Gucci is ready to change its presentation approach for 2025 in a radical action aimed to revolutionize the fashion industry.…

November 21, 2024

South Korea’s “Korea Discount”: Addressing the Governance Gap to Boost Market Value

As world investors wait for significant changes that might solve long-standing problems of governance and responsibility in South Korea's companies,…

November 21, 2024

This website uses cookies.

Read More