Forbes recently published its list of The World’s Best Banks for 2023, which included 10 institutions from the Philippines.

According to the prominent business magazine, “trust” is the most important factor for customers. If they can’t trust their bank, “all other perks and services dwindle,” says LatentView Analytics’ Parijat Banerjee.

There are 415 banks worldwide that were able to earn a spot in the Forbes ranking, which were evaluated in categories such as customer services, financial advice, digital services, and more importantly, trust.


The list was compiled in partnership with Statista, a market research firm, through a survey conducted on 48,000 banking customers in 32 countries.

According to Forbes, online banks topped the list in many countries — a reflection of the pandemic’s impact on customers.

The overall list of all the banks in the world is arranged alphabetically. Using the filter shows the rankings per country. The list below is Forbes’ best banks in the Philippines:

  1. CIMB
  2. Philippine National Bank (PNB)
  3. Bank of the Philippine Islands (BPI)
  4. Union Bank Philippines
  5. Banco de Oro (BDO)
  7. PSBank
  8. Rizal Commercial Banking (RCBC)
  9. Maya Bank
  10. Robinsons Bank

You can check the full list here.

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