Here is the full list of Forbes’ top banks in the Philippines. Aboitiz-led Union Bank pioneered the country’s first fully digital bank branch as early as 2017. Meanwhile, fintech firm and digital bank Maya has kept its footprint completely online, just like CIMB. According to Forbes, the biggest banks weren’t necessarily the best, which explained how the country’s two largest banks – BDO and Landbank – slipped to the middle of the rankings. “Online banks are at the top in many countries, reflecting the pandemic’s impact on customers’ digital comfort,” Forbes said.

Source: Forbes April 24, 2023 02:48 UTC