⌛ Safest Banks in The Philippines

With the bank failures in the USA in mind, which banks in the PR are the safest and least likely to fail?
Thinking of retiring in Dumaguete.

Keith and Cristy
Concord, CA

 

Bank of the Philippine Islands

 

At the moment I would say the safest Bank is the River Bank! :D
or under the mattress !!

 

sounds good

makes a good alternative to the brits...:D

 

Risks free?

Given that current interest rates on saving accounts are neglectable, wouldn't make sense to deposit your hard earned cash into a bank safety box?
At least it would be safe wouldn't it? Or not?

 

Gold coins and a big safe sunk in concrete.

:D

 

I bank with BPI (Bank of the Philippine Islands) and Banco De Oro (owner is the same with the SM Malls)

 

On a more serious note;
I think most expats put their money into government insured banks that have an international presence either with local branches or via Internet transfers. Examples may be HSBC or Regal. Then they transfer smaller amounts as needed from the international account into the local bank.

 

Safest bank? no such thing... but is a good move to deposit savings on banks.

Cheers!

 

What seems today the safest (and of course that IS the bank you hove NOW ) bank, can be tomorrow the most unreliable and unsafe bank.
I don't believe in ferrytales anymore