The most impressive growth story in this year’s Top 100 Association of South-East Asian Nations (Asean) Banks ranking comes from the Philippines. From a small base, Filipino banks have increased their capital by 11.33% and their assets by 21.26%, compared with The Banker's 2014 ranking. The Philippine National Bank, which grew its Tier 1 capital by an impressive 130.12%, has climbed 27 positions to the 36th spot in the overall ranking.
This growth was not enough to challenge larger institutions at the top of the ranking, but it illustrates the big opportunities for growth in the Philippines. Meanwhile, Indonesian banks continued to excel in terms of returns on capital and assets.