League Tables: The Philippines
Leading Equity Houses: Philippines 2025
| Leading Equity Houses in the Philippines 2025 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| Bank of Philippine Islands | 855.73 | 1 | 60.04 | 6 |
| UBS | 176.03 | 2 | 12.35 | 3 |
| HSBC Holdings PLC | 128.34 | 3* | 9.00 | 1 |
| Morgan Stanley | 128.34 | 3* | 9.00 | 1 |
| Malayan Banking Bhd | 68.91 | 5 | 4.83 | 2 |
| JP Morgan | 45.12 | 6 | 3.17 | 1 |
| Cathay Financial Hldg Co Ltd | 10.00 | 7 | 0.70 | 1 |
| Investment & Cap Philippines | 6.40 | 8* | 0.45 | 1 |
| Philippine National Bank | 6.40 | 8* | 0.45 | 1 |
| Industry Total | 1,425.26 | – | 100.0 | 8 |
| Period: 12/01/2023 – 12/02/2024 |
Leading Equity Houses: Philippines 2024
| Leading Equity Houses in the Philippines 2024 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| Bank of Philippine Islands | 267.96 | 1 | 29.54 | 5 |
| UBS | 193.77 | 2 | 21.36 | 5 |
| BDO Unibank Inc | 165.37 | 3 | 18.23 | 2 |
| CITIC | 119.14 | 4 | 13.13 | 2 |
| Unicapital Inc | 85.93 | 5 | 9.47 | 1 |
| JP Morgan | 48.91 | 6 | 5.39 | 1 |
| AB Capital & Investment Corp | 16.99 | 7 | 1.87 | 1 |
| China Bk Capital Corp | 9.01 | 8 | 0.99 | 1 |
| Industry Total | 907.08 | – | 100.0 | 11 |
| Source: LSEG | ||||
| Period: 12/01/2023 – 12/02/2024 |
Leading Equity Houses: Philippines 2023
| Leading Equity Houses in the Philippines 2023 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| UBS | 198.1 | 1 | 29.1 | 4 |
| CITIC | 159.4 | 2 | 23.4 | 2 |
| Unicapital Inc | 119.3 | 3 | 17.6 | 2 |
| Bank of Philippine Islands | 81.1 | 4 | 11.9 | 2 |
| Jefferies LLC | 49.3 | 5 | 7.3 | 1 |
| Metropolitan Bank & Trust Co | 27.3 | 6 | 4.0 | 1 |
| China Bk Capital Corp | 18.8 | 7 | 2.8 | 1 |
| Investment & Cap Philippines | 13.4 | 8* | 2.0 | 1 |
| BDO Unibank Inc | 13.4 | 8* | 2.0 | 1 |
| Industry Total | 680.1 | – | 100.0 | 10 |
| Source: LSEG Date: 12/01/2023 | ||||
| Period: December 1, 2022 – November 30, 2023 |
Leading Equity Houses: Philippines 2022
| Leading Equity Houses in the Philippines 2022 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| UBS | 440.7 | 1 | 22.8 | 4 |
| CITIC | 406.6 | 2 | 21.0 | 2 |
| ING | 381.6 | 3 | 19.7 | 1 |
| Bank of Philippine Islands | 177.2 | 4 | 9.2 | 2 |
| BDO Unibank Inc | 105.3 | 5 | 5.4 | 4 |
| Abacus Capital & Investment | 82.4 | 6 | 4.3 | 2 |
| Morgan Stanley | 69.1 | 7* | 3.6 | 1 |
| Credit Suisse | 69.1 | 7* | 3.6 | 1 |
| Philippine National Bank | 57.8 | 9 | 3.0 | 3 |
| China Bk Capital Corp | 32.8 | 10 | 1.7 | 2 |
| Unicapital Corp Investment Bkg | 25.0 | 11* | 1.3 | 1 |
| CIMB Group Holdings Bhd | 25.0 | 11* | 1.3 | 1 |
| Security Bank Corp | 16.7 | 13* | .9 | 1 |
| Rizal Commercial Banking Corp | 16.7 | 13* | .9 | 1 |
| Philippine Commercial Capital | 16.1 | 15 | .8 | 1 |
| Penta Capital Investment Corp | 10.0 | 16 | .5 | 1 |
| Metropolitan Bank & Trust Co | 5.3 | 17 | .3 | 1 |
| Industry Total | 1,937.5 | – | 100.0 | 14 |
| Source: Refinitiv Date: 12/01/2022 | ||||
| Period: December 1, 2021 – November 30, 2022 |
Leading Equity Houses: Philippines 2021
| Leading Equity Houses in the Philippines 2021 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| UBS | 35,852.0 | 1 | 19.6 | 8 |
| BDO Unibank Inc | 34,753.9 | 2 | 19.0 | 5 |
| BPI | 24,485.3 | 3 | 13.4 | 6 |
| Credit Suisse | 12,339.7 | 4 | 6.7 | 3 |
| CITIC | 9,745.9 | 5 | 5.3 | 2 |
| 18 Others | 66,154.2 | 6 | 36.2 | 25 |
| Industry Total | 183,331.1 | – | 100.0 | 14 |
| Source: Refinitiv Date: 12/01/2021 | ||||
| Period: Dec 1, 2020 to Nov 30, 2021 |
Leading Equity Houses: Philippines 2020
| Leading ECM Houses in the Philippines 2020 | Proceeds (US$ Mil) | Market Share |
| BDO Unibank Inc | 173.2 | 15.6 |
| Bank of Philippine Islands | 172.3 | 15.6 |
| UBS | 172.3 | 15.6 |
| 10 Others | 1706.5 | 53.6 |
| Industry Total | 1112.0 | 1112.0 |
| Source: Refinitiv | ||
| Period :12/01/2019 – 11/30/2020 |
Leading Bond Houses: Philippines 2025
| Leading Bond Houses in the Philippines 2025 | Amount (US$ Mil) | Rank | Market Share | Deals |
| ING | 124,833.33 | 1 | 31.02 | 3 |
| Bank of Philippine Islands | 64,445.00 | 2 | 16.01 | 10 |
| HSBC Holdings PLC | 43,000.00 | 3 | 10.68 | 2 |
| BDO Unibank Inc | 34,606.67 | 4 | 8.60 | 6 |
| Standard Chartered PLC | 28,400.00 | 5 | 7.06 | 5 |
| Security Bank Corp | 27,440.00 | 6 | 6.82 | 6 |
| China Bk Capital Corp | 27,273.33 | 7 | 6.78 | 7 |
| Philippine National Bank | 14,956.67 | 8 | 3.72 | 3 |
| Rizal Commercial Banking Corp | 11,505.00 | 9 | 2.86 | 4 |
| Philippine Commercial Capital | 9,833.33 | 10 | 2.44 | 2 |
| Metropolitan Bank & Trust Co | 7,833.33 | 11 | 1.95 | 2 |
| East West Banking Corp | 5,233.33 | 12 | 1.30 | 2 |
| Multinational Investment Banc. | 1,156.00 | 13 | 0.29 | 1 |
| Land Bank of the Philippines | 1,000.00 | 14 | 0.25 | 1 |
| Deutsche Bank | 975.00 | 15 | 0.24 | 1 |
| Industry total | 402,491.00 | – | 100.00 | 22 |
| Period: 12/01/2024 – 11/30/2025 |
Leading Bond Houses: Philippines 2024
| Leading Bond Houses in the Philippines 2024 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| Standard Chartered PLC | 134,959.00 | 1 | 46.83 | 5 |
| Philippine Commercial Capital | 27,173.89 | 2 | 9.43 | 4 |
| ING | 20,062.80 | 3 | 6.96 | 3 |
| Bank of Philippine Islands | 18,543.65 | 4* | 6.43 | 9 |
| BDO Unibank Inc | 18,543.65 | 4* | 6.43 | 9 |
| China Bk Capital Corp | 12,597.22 | 6 | 4.37 | 3 |
| Metropolitan Bank & Trust Co | 12,154.76 | 7 | 4.22 | 5 |
| Security Bank Corp | 9,960.32 | 8 | 3.46 | 4 |
| Rizal Commercial Banking Corp | 8,888.89 | 9 | 3.08 | 5 |
| East West Banking Corp | 7,321.43 | 10 | 2.54 | 2 |
| China Banking Corp (PH) | 3,571.43 | 11* | 1.24 | 1 |
| Land Bank of the Philippines | 3,571.43 | 11* | 1.24 | 1 |
| ATR-Kim Eng Capital Partners | 2,500.00 | 13 | 0.87 | 2 |
| Bank of Commerce (Philippines) | 2,222.22 | 14* | 0.77 | 1 |
| China Dvlp Finl Hldg Corp | 2,222.22 | 14* | 0.77 | 1 |
| Philippine National Bank | 2,222.22 | 14* | 0.77 | 1 |
| Development Bk of Philippines | 1,666.67 | 17 | 0.58 | 1 |
| Industry total | 288,181.80 | – | 100.00 | 18 |
| Source: LSEG Date: 12/03/2024 | ||||
| Period: 12/01/2023 – 12/02/2024 |
Leading Bond Houses: Philippines 2023
| Leading Bond Houses in the Philippines 2023 | Proceeds (US$ Mil) | Rank | Market Share | Deals |
| BDO Unibank Inc | 38,886.9 | 1 | 18.6 | 9 |
| Bank of Philippine Islands | 26,136.1 | 2 | 12.5 | 7 |
| China Bk Capital Corp | 25,599.4 | 3 | 12.2 | 8 |
| Deutsche Bank | 18,500.0 | 4 | 8.8 | 1 |
| Metropolitan Bank & Trust Co | 16,619.6 | 5 | 7.9 | 4 |
| Security Bank Corp | 16,524.4 | 6 | 7.9 | 4 |
| Rizal Commercial Banking Corp | 15,136.1 | 7 | 7.2 | 3 |
| Standard Chartered PLC | 13,508.9 | 8 | 6.5 | 3 |
| ING | 8,571.4 | 9 | 4.1 | 1 |
| Development Bk of Philippines | 7,500.0 | 10* | 3.6 | 1 |
| Land Bank of the Philippines | 7,500.0 | 10* | 3.6 | 1 |
| First Metro | 5,000.0 | 12 | 2.4 | 1 |
| East West Banking Corp | 4,757.1 | 13 | 2.3 | 1 |
| TD Securities Inc | 3,017.6 | 14 | 1.4 | 3 |
| Multinational Investment Banc. | 471.0 | 15 | .2 | 1 |
| Philippine Commercial Capital | 304.6 | 16 | .2 | 1 |
| JP Morgan | 250.0 | 17 | .1 | 1 |
| Industry Total | 209,422.6 | – | 100.0 | 21 |
| Source: LSEG Date: 12/01/2023 | ||||
| Period: 12/01/2022 – 11/30/2023 |
Leading Bond Houses: Philippines 2021
| Leading Bond Houses in the Philippines 2021 | Amount (US$ Mil) | Rank | Market Share | Deals |
| China Bank Capital Corp | 36,266.7 | 1 | 19.7 | 9 |
| Philippine National Bank | 34,350.0 | 2 | 18.6 | 3 |
| Standard Chartered | 24,700.0 | 3 | 13.4 | 5 |
| ING | 19,000.0 | 4 | 10.3 | 1 |
| BDO Unibank Inc | 17,266.7 | 5 | 9.4 | 6 |
| 11 Others | 51,523.0 | 6 | 28.1 | 25 |
| Industry Total | 184,409.5 | – | 100.0 | 26 |
| Source: Refinitiv | ||||
| Period: 12/01/2020 – 11/30/2021 |
Leading Bond Houses: Philippines 2020
| Leading Bond Houses in the Philippines 2020 | Amount (PHP Mil) | Market Share |
| HSBC Holdings PLC | 62,304.3 | 21.3 |
| Standard Chartered PLC | 51,140.7 | 17.5 |
| China Bk Capital Corp | 32,049.3 | 10.9 |
| BDO Unibank Inc | 30,900.4 | 10.6 |
| ING | 28,948.0 | 9.9 |
| Bank of Philippine Islands | 17,142.2 | 5.9 |
| Security Bank Corp | 15,117.1 | 5.2 |
| 12 Others | 54,949.6 | 18.9 |
| Subtotal with Book Runner | 292831.6 | 100 |
| Source: Refinitiv | ||
| Period: 12/01/2019 – 11/30/2020 |