Digital banks lead Philippines in Forbes 2026 rankings

By Parth Prabhudesai

Eight Philippine banks have been recognised in the latest Forbes World’s Best Banks 2026 list, reflecting evolving customer preferences and the growing role of digital banking in the country. The rankings, compiled by Forbes in partnership with Statista, are based on a global survey of more than 54,000 respondents across 34 countries.

According to the report, MariBank Philippines emerged as the top-ranked bank in the Philippines. It is followed by GoTyme Bank, Bank of the Philippine Islands, UnionBank of the Philippines, Maya Bank, Metropolitan Bank & Trust Co., Land Bank of the Philippines and Philippine National Bank.

The findings highlight a notable shift toward digital-first banking models. Three neobanks—MariBank, GoTyme Bank and Maya Bank—secured positions within the top five, indicating strong consumer adoption of app-based financial services. These platforms are gaining traction by offering convenience, accessibility and seamless digital experiences, particularly in retail and everyday banking.

The survey was conducted between October and November 2025 and evaluated banks based on five key criteria: trustworthiness, terms and conditions, customer service, digital services and quality of financial advice. Responses from current customers were given the highest weighting, while feedback from former users and indirect familiarity carried lower influence. Historical data was also incorporated to ensure consistency in performance over time.

The report emphasised that trust remains the most important factor influencing customer choice globally, followed by digital capabilities and customer service. Forbes noted that while digital-only banks continue to reshape the industry, customers still value reliability and access to essential banking services.

Globally, the 2026 rankings cover 410 banks, with representation varying by country based on the size of each banking sector. The Philippines’ strong showing, particularly from digital lenders, reflects broader industry trends where fintech-driven institutions are increasingly competing with established banks.

Overall, the results suggest that while traditional banks continue to play a key role, digital banks are rapidly gaining market share by aligning with changing customer expectations and advancing technology-driven service delivery.