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What Banks in Philippines Were the Most Cost Efficient in 2018?

Top Banks by Costs As % Of Income
Banking | Philippines | February 21, 2020
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Excel Sheet

Based on a comparison of 13 banks in Philippines in 2018, EastWest Bank was the most cost efficient bank, followed by Security Bank and Asia United Bank.

EastWest Bank's cost to income ratio reached 39.7% in 2018, down from 36.0% when compared to the last year. Historically, the bank’s costs reached an all time high of 58.0% in 2012 and an all time low of 35.0% in 2016.

When compared to total assets, bank's cost amounted to 1.39% in 2018, down from 3.05% a year earlier.

Comparing EastWest Bank with its closest peers, Security Bank operated in 2018 with a cost to income ratio of 53.8%, Asia United Bank reached 54.1% and Philtrust Bank some 55.1%.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Filipino banks in the report section.