Big PH banks ‘on solid ground’ despite risks

While geopolitical tensions and the United States’ (US) tariffs have been spilling over to the Philippines, debt watcher S&P Global said the country’s 10 largest banks are stable enough against external risks.

- By DERCO ROSAL

“Large banks are on solid ground amid tariff tensions,” Nikita Anand, director at S&P Global’s financial institutions ratings, said in the credit rating agency’s report published on Monday, June 30. Anand was referring to the 10 biggest commercial banks in the Philippines.

These banks are BDO Unibank Inc., Metropolitan Bank & Trust Co. (Metrobank), Land Bank of the Philippines (Landbank), Bank of the Philippine Islands (BPI), China Banking Corp. (Chinabank), Rizal Commercial Banking Corp. (RCBC), Philippine National Bank (PNB), Union Bank of the Philippines (UnionBank), Security Bank Corp., and Development Bank of the Philippines (DBP).