In this paper, growth is determined on the performance of the Philippine banking industry in terms of efficiency and productivity. Banking performance is focused on the changes in total factor productivity, technological and technical efficiency across four groups of banks: Savings banks, Commercial banks, Universal banks and the industry. This study answers the following objectives: (1) Identify the sources of technical efficiency and the total factor productivity of Savings, Commercial and Universal banks in the Philippines; (2) Examine and compare the productivity of growth of Savings, Commercial and Universal banks in the Philippines over the test period; (3) Identify the best and the worst performers among the sample of Philippine banks, and (4) Investigate whether technical inefficiency is systematically related to size, age, and ownership through an econometric model.