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Number of Closed and Merged Banks
 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Commercial Banks ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
....Merged 0 0 1 0 0 2 0 1 1 6 2 5 2 0 1
....Closed 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0
Thrift Banks ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
....Merged 2 1 0 0 0 0 0 1 1 1 0 4 1 1 0
....Closed 0 0 0 1 1 0 1 6 2 4 0 2 0 2 2
Rural Banks ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
....Merged 0 0 7 0 0 0 0 0 1 0 1 4 4 2 3
....Closed 9 0 5 15 8 6 13 33 31 19 18 11 10 2 7
Total ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
....Merged 2 1 8 0 0 2 0 2 3 7 3 13 7 3 4
....Closed 9 0 5 16 9 6 14 40 33 24 18 13 10 4 9

Unit: In Actual Figures
Last Update: Mar 09, 2007
Source: Bangko Sentral ng Pilipinas