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Sunday, October 15, 2017

Philippine Banks Deteriorate Slightly in the 2nd Qtr. of 2017

Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning. Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.

Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks  



Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks increased by Php 15.70 billion or 2.45% from March 31, 2017 to June 30, 2017.  This increase was partially offset by the increase of their Total Capital Cushion of Php 2.48 billion or 0.15% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks increased slightly by 0.87%, from 37.80% as of March 31 to 38.67% as of June 30, 2017. On a year on year basis, the Distressed Asset Ratio has dropped 7.91% from 41.99% as of June 30, 2017 to just 38.67% as of June 30, 2017.



Those banks that posted significant improvements (25% or more) in this ratio include (Distressed banks are highlighted in yellow, failed banks are highlighted in red):


  1. Mega International Commercial Bank Co Ltd (92.53% decrease)
  2. Industrial Bank of Korea Manila Branch (83.18% decrease)
  3. Metro Cebu Public Savings Bank (82.50% decrease)
  4. ING Bank N.V. (70.48% decrease)
  5. Al-Amanah Islamic Investment Bank of the Philippines (56.66% decrease)
  6. World Partners Bank (53.84% decrease)
  7. Mizuho Bank Ltd (43.10% decrease)
  8. Standard Chartered Bank (40.19% decrease)
  9. University Savings Bank (37.13% decrease)
  10. China Banking Corporation (27.77% decrease)

The banks that exhibited significant deterioration (25% or more) in this ratio include:

  1. Bank of America N.A. (116.39% increase)
  2. Deutsche Bank AG (104.75% increase)
  3. Farmers Savings & Loan Bank Inc (56.61% increase)
  4. Sumitomo Mitsui Banking Corporation - Manila Branch (52.21% increase)
  5. Philippine Resources Savings Banking Corporation (51.02% increase)
  6. Sun Savings Bank Inc. (45.69% increase)
  7. United Overseas Bank Limited - Manila Branch (38.23% increase)
  8. Wealth Development Bank Corporation (28.62% increase)
  9. Northpoint Development Bank Inc (27.44% increase)


Distressed Banks


The list of Philippine Banks classified as distressed as of December 31, 2016 are as follows:

  1. Bank of China Limited - Manila Branch (Distressed Ratio of 506.89%)
  2. Inter-Asia Development Bank (Distressed Ratio of 394.27%)
  3. United Coconut Planters Bank (Distressed Ratio of 312.46%)
  4. Philippine Postal Savings Bank Inc (Distressed Ratio of 234.61%)
  5. Village Bank Inc (Distressed Ratio of 182.34%)
  6. Philippine Resources Savings Banking Corporation (Distressed Ratio of 177.06%)
  7. Luzon Development Bank (Distressed Ratio of 167.83%)
  8. Malayan Bank Savings and Mortgage Bank Inc (Distressed Ratio of 160.21%)
  9. Enterprise Bank Inc (Distressed Ratio of 144.09%)
  10. Yuanta Savings Bank Philippines (Distressed Ratio of 132.58%)
  11. World Partners Bank (Distressed Ratio of 124.67%)
  12. China Bank Savings Inc (Distressed Ratio of 122.82%)
  13. Bataan Development Bank (Distressed Ratio of 110.43%)
  14. Philippine Veterans Bank (Distressed Ratio of 101.56%)
  15. Deutsche Bank AG (Distressed Ratio of 100.78%)

As a group, the distressed banks showed a slight improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 204.52% as of June 30, 2017, down from 221.52% as of March 31, 2017.  


Arrivals

  1. Philippine Veterans Bank entered the Distressed Banks list with a Distressed Ratio of 101.56% as of June 30, 2017 from a Distressed Ratio of just 94.63% as of March 31, 2017.
  2. Deutsche Bank AG entered the Distressed Banks list with a Distressed Ratio of 100.78% as of June 30, 2017 from a Distressed Ratio of just 49.22% as of March 31, 2017.
Departures

  1. Equicom Savings Bank Inc left the Distressed Banks list with a Distressed Ratio of 99.37% as of June 30, 2017 from a Distressed Ratio of 103.89% as of March 31, 2017.
  2. Legazpi Savings Bank left the Distressed Banks list with a Distressed Ratio of 90.51% as of June 30, 2017 from a Distressed Ratio of 104.43% as of March 31, 2017.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2017 to June 30, 2017
In %















Bank June 30, 2017 March 31, 2017 Variance % Variance
BANK OF AMERICA N.A. 1.33% 0.62% 0.72% 116.39%
DEUTSCHE BANK AG 100.78% 49.22% 51.56% 104.75%
FARMERS SAVINGS & LOAN BANK INC 29.39% 18.77% 10.63% 56.61%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 0.72% 0.47% 0.25% 52.21%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS BANK) 177.06% 117.24% 59.82% 51.02%
SUN SAVINGS BANK INC 25.40% 17.44% 7.97% 45.69%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH 0.31% 0.23% 0.09% 38.23%
WEALTH DEVELOPMENT BANK CORPORATION 38.29% 29.77% 8.52% 28.62%
NORTHPOINT DEV'T BANK INC 43.65% 34.25% 9.40% 27.44%
CITY SAVINGS BANK INC 53.80% 43.68% 10.13% 23.19%
BANK OF THE PHIL ISLANDS 25.86% 21.05% 4.80% 22.82%
CARD SME BANK INC A THRIFT BANK 29.74% 24.50% 5.24% 21.39%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 2.85% 2.36% 0.49% 20.69%
ISLA BANK(A THRIFT BANK) INC 3.88% 3.27% 0.61% 18.64%
UNITED COCONUT PLANTERS BANK 312.46% 264.85% 47.61% 17.98%
YUANTA SAVINGS BANK PHILIPPINES INC 132.58% 112.78% 19.79% 17.55%
HONGKONG & SHANGHAI BANKING CORP 27.18% 23.15% 4.03% 17.41%
LAND BANK OF THE PHILIPPINES 34.36% 29.36% 5.00% 17.03%
BANGKOK BANK PUBLIC CO LTD 4.05% 3.52% 0.53% 15.13%
BPI DIRECT BANKO INC A SAVINGS BANK 43.35% 38.04% 5.30% 13.94%
PNB SAVINGS BANK 16.34% 14.63% 1.72% 11.74%
CITIBANK, N.A. 52.00% 46.56% 5.43% 11.67%
BUSINESS AND CONSUMERS BANK (A DB) 21.11% 18.91% 2.21% 11.66%
RIZAL COMM'L BANKING CORP 25.64% 22.98% 2.66% 11.59%
BANK ONE SAVINGS AND TRUST CORP. 44.85% 40.49% 4.36% 10.77%
METROPOLITAN BANK & TCO 31.60% 28.72% 2.88% 10.02%
ENTERPRISE BANK INC (A THRIFT BANK) 144.09% 131.58% 12.51% 9.51%
1ST VALLEY BANK INC A DEVELOPMENT BANK 36.70% 33.78% 2.92% 8.65%
BDO PRIVATE BANK, INC. 49.01% 45.13% 3.88% 8.59%
PHILIPPINE VETERANS BANK 101.56% 94.63% 6.93% 7.32%
VILLAGE BANK INC (A THRIFT BANK) 182.34% 173.15% 9.19% 5.31%
EAST WEST BANKING CORP 71.78% 68.49% 3.29% 4.80%
PHIL SAVINGS BANK 75.88% 72.43% 3.46% 4.77%
DEVELOPMENT BANK OF THE PHIL 43.52% 41.55% 1.96% 4.72%
MALAYAN BANK SAVINGS AND MORT BANK INC 160.21% 153.98% 6.23% 4.05%
BPI FAMILY SAVINGS BANK INC 47.66% 45.82% 1.84% 4.02%
INTER-ASIA DEVELOPMENT BANK 394.27% 379.60% 14.67% 3.86%
CENTURY SAVINGS BANK CORPORATION 16.36% 15.79% 0.57% 3.61%
ASIA UNITED BANK CORPORATION 39.19% 38.15% 1.04% 2.74%
BDO UNIBANK INC 24.83% 24.23% 0.60% 2.47%
HIYAS BANKING CORPORATION 36.22% 35.36% 0.85% 2.41%
PHIL NATIONAL BANK 54.71% 53.56% 1.15% 2.16%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 39.35% 38.61% 0.74% 1.92%
PHIL TRUST COMPANY 39.32% 38.59% 0.73% 1.89%
SECURITY BANK CORP 13.92% 13.66% 0.26% 1.89%
ROBINSONS BANK CORPORATION 64.47% 63.30% 1.17% 1.84%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 64.40% 63.33% 1.07% 1.69%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 51.93% 51.08% 0.85% 1.67%
PAMPANGA DEVELOPMENT BANK 37.31% 36.88% 0.42% 1.15%
FIRST CONSOLIDATED BANK INC (A PDB) 30.35% 30.07% 0.28% 0.94%
SHINHAN BANK - MANILA BRANCH 1.35% 1.34% 0.01% 0.70%
UCPB SAVINGS BANK 79.86% 79.47% 0.39% 0.49%
MERCHANTS SAVINGS & LOAN ASSN INC 6.77% 6.74% 0.03% 0.41%
BANK OF MAKATI (A SAVINGS BANK) INC 51.83% 51.81% 0.03% 0.05%
BATAAN DEVELOPMENT BANK 110.43% 110.58% -0.15% -0.14%
BATAAN SAVINGS AND LOAN BANK 3.47% 3.47% -0.01% -0.15%
LEMERY SAVINGS & LOAN BANK, INC. 15.36% 15.45% -0.09% -0.58%
MALASIQUI PROGRESSIVE SLB, INC 22.45% 22.59% -0.14% -0.63%
CORDILLERA SAVINGS BANK INC 42.58% 43.12% -0.54% -1.26%
MAYBANK PHILIPPINES INCORPORATED 72.52% 73.75% -1.23% -1.67%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 36.94% 37.58% -0.64% -1.70%
CTBC BANK (PHILIPPINES) CORP 19.15% 19.49% -0.35% -1.78%
CATHAY UNITED BANK CO LTD - MANILA BRANCH 0.48% 0.49% -0.01% -1.84%
DUMAGUETE CITY DEV BANK INC 53.84% 55.03% -1.19% -2.16%
PHIL POSTAL SAVINGS BANK INC 234.61% 239.91% -5.30% -2.21%
CITYSTATE SAVINGS BANK INC 52.40% 53.70% -1.29% -2.41%
UNION BANK OF THE PHILS 58.86% 61.06% -2.20% -3.60%
EQUICOM SAVINGS BANK INC 99.37% 103.89% -4.51% -4.35%
BANK OF COMMERCE 72.61% 75.94% -3.33% -4.38%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) 53.82% 56.73% -2.91% -5.13%
QUEZON COCONUT BANK INC (A THRIFT BANK) 23.23% 24.64% -1.41% -5.72%
KEB HANA BANK - MANILA BRANCH 10.43% 11.11% -0.68% -6.15%
FIRST COMMERCIAL BANK LTD MANILA BRANCH 0.50% 0.53% -0.03% -6.46%
THE PALAWAN BANK (PALAWAN DB) INC 68.93% 73.79% -4.85% -6.58%
PHIL BANK OF COMMUNICATIONS 71.09% 76.20% -5.11% -6.70%
LUZON DEVELOPMENT BANK 167.83% 182.24% -14.41% -7.91%
CHINA BANK SAVINGS INC 122.82% 133.90% -11.08% -8.27%
RCBC SAVINGS BANK INC 72.52% 79.42% -6.89% -8.68%
PRODUCERS SAVINGS BANK CORPORATION 52.61% 58.40% -5.79% -9.92%
HSBC SAVINGS BANK (PHILS) INC 10.11% 11.22% -1.12% -9.96%
ANZ BANKING GROUP LTD 28.66% 31.92% -3.26% -10.23%
MARITIME SAVINGS BANK CORPORATION 78.00% 86.89% -8.89% -10.23%
PHIL STAR DEVELOPMENT BANK INC 26.55% 29.60% -3.05% -10.30%
LEGAZPI SAVINGS BANK INC 90.51% 104.43% -13.92% -13.33%
LIFE SAVINGS BANK INC 24.95% 29.74% -4.79% -16.12%
BANK OF CHINA LIMITED-MANILA BRANCH 506.89% 607.39% -100.49% -16.55%
OPTIMUM DEVELOPMENT BANK INC 27.77% 34.37% -6.60% -19.21%
JP MORGAN CHASE BANK NATIONAL ASSN. 19.92% 25.31% -5.39% -21.29%
CHINA BANKING CORP 24.24% 33.55% -9.32% -27.77%
UNIVERSITY SAVINGS BANK INC 34.18% 54.37% -20.19% -37.13%
STANDARD CHARTERED BANK 54.41% 90.96% -36.55% -40.19%
MIZUHO BANK LTD - MANILA BRANCH 3.07% 5.40% -2.33% -43.10%
WORLD PARTNERS BANK (A THRIFT BANK) 124.67% 270.09% -145.42% -53.84%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 6.25% 14.43% -8.17% -56.66%
ING BANK N.V. 27.24% 92.28% -65.04% -70.48%
METRO CEBU PUBLIC SAVINGS BANK 16.01% 91.48% -75.47% -82.50%
INDUSTRIAL BANK OF KOREA MANILA BRANCH 0.46% 2.75% -2.29% -83.18%
MEGA INT'L COMM'L BANK CO LTD 1.27% 16.95% -15.68% -92.53%
MICROFINANCE MAXIMUM SB INC NA 380.34% NA NA
PACIFIC ACE SAVINGS BANK INC 13.34% NA NA NA
Grand Total 38.67% 37.80% 0.87% 2.29%
















Source: www.bsp.gov.ph

Disclaimer:

This list only serves as a screening guide.  It is not a definitive guide and must be taken in the context of other factors.  The figures are based on the individual banks' statement of condition as of March 31, 2017 and June 30, 2017 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.

Monday, October 9, 2017

Overstated Capital of Philippine Banks as of June 30, 2017

On July 25, 2012, the Bangko Sentral ng Pilipinas (BSP) encouraged banks that continue to reflect unbooked losses or "deferred charges" on their balance sheets to charge those losses against retained earnings.  This implies that the BSP now considers that these banks have amassed so much in Stockholder's Equity (SE) and Retained Earnings (RE) that "they can now afford to absorb higher charges without impairing their capital and also without making their shareholders unhappy."

But can these banks do so? The answer is: yes but only for some banks.  As can be seen from the table below, six banks have Deferred Charges as of June 30, 2017:


  1. Bataan Development Bank (Deferred Charges of 7.12% of SE)
  2. City Savings Bank (Deferred Charges of 6.00% of SE)
  3. China Bank Savings Inc (Deferred Charges of 3.13 of SE)
  4. Bank of Commerce (Deferred Charges of 0.53% of SE)
  5. Card SME Bank, Inc. (Deferred Charges of 0.222% of SE)
  6. Wealth Development Bank Corporation (Deferred Charges of 0.06% of SE)
United Coconut Planters Bank, long a mainstay on this list, no longer had Deferred Charges as of June 30, 2017.


It must be noted that three of these banks were ranked as  distressed (highlighted in yellow) as of March 31, 2017:

  1. China Bank Savings (Distressed Ratio of 133.90%)
  2. Bataan Development Bank (Distressed Ratio of 110.58%)


For more information on distressed banks, please see the previous blog post: "The Top Distressed Philippine Banks as of March 31, 2017.



Retained Earnings

Only four banks have sufficient Retained Earnings (RE) to absorb their unbooked losses as of June 30, 2017:


  1. Bataan Development Bank (33.25% of RE)
  2. City Savings Bank (7.73% of RE)
  3. Wealth Development Bank Corporation (5.58% of RE)
  4. CARD SME Bank (1.93% of RE)


Two of the banks with  Deferred Charges have negative Retained Earnings.  As such, they do not have the capacity to absorb additional losses.



  1. Bank of Commerce (Retained Earnings of - Php 592.53 million vs. Deferred Charges of Php 82.40 million).
  2. China Bank Savings (Retained Earnings of - Php 1.36 billion vs. Deferred Charges of Php 284.21 million)

Philippine Banking System
Deferred Charges Not Yet Written Down
Impact on Stockholder's Equity
In Php
June 30, 2017
















Bank Type of Bank Deferred Charges Unbooked Losses Total Deferred Charges Stockholder's Equity Adjusted SE Impact on SE
BATAAN DEVELOPMENT BANK Thrift 5,645,310.53 0.00 5,645,310.53 79,339,385.37 73,694,074.84 7.12%
CITY SAVINGS BANK Thrift 717,283,734.90 0.00 717,283,734.90 11,948,734,053.08 11,231,450,318.18 6.00%
CHINA BANK SAVINGS INC Thrift 284,206,215.57 0.00 284,206,215.57 9,092,992,464.87 8,808,786,249.30 3.13%
BANK OF COMMERCE U/KB 82,397,952.14 0.00 82,397,952.14 15,424,614,405.04 15,342,216,452.90 0.53%
CARD SME BANK INC A THRIFT BANK Thrift 1,734,986.96 0.00 1,734,986.96 803,246,783.04 801,511,796.08 0.22%
WEALTH DEVELOPMENT BANK CORPORATION Thrift 855,268.23 0.00 855,268.23 1,460,127,640.46 1,459,272,372.23 0.06%
UNITED COCONUT PLANTERS BANK U/KB 0.00 0.00 0.00 17,763,321,160.41 17,763,321,160.41 0.00%
Grand Total
1,092,123,468.33 0.00 1,092,123,468.33 56,572,375,892.27 55,480,252,423.94 1.93%

Philippine Banking System
Deferred Charges Not Yet Written Down
Impact on Retained Earnings
In Php
June 30, 2017










Bank Total Deferred Charges RE Adjusted RE Impact on RE
BATAAN DEVELOPMENT BANK 5,645,310.53 16,977,349.46 11,332,038.93 33.25%
CITY SAVINGS BANK 717,283,734.90 9,277,095,921.61 8,559,812,186.71 7.73%
WEALTH DEVELOPMENT BANK CORPORATION 855,268.23 15,339,878.33 14,484,610.10 5.58%
CARD SME BANK INC A THRIFT BANK 1,734,986.96 89,948,415.40 88,213,428.44 1.93%
UNITED COCONUT PLANTERS BANK 0.00 3,490,011,079.92 3,490,011,079.92 0.00%
BANK OF COMMERCE 82,397,952.14 -592,525,678.35 -674,923,630.49 -13.91%
CHINA BANK SAVINGS INC 284,206,215.57 -1,363,304,360.23 -1,647,510,575.80 -20.85%
Grand Total 1,092,123,468.33 10,933,542,606.14 9,841,419,137.81 9.99%

Monday, October 2, 2017

The Financial Strength of Philippine Banks according to BSP: From Weakest to Strongest - As of June 30, 2017

A bank's Capital Adequacy Ratio is a measure of a bank's capital and financial strength. BSP requires Philippine banks to measure their capital adequacy in at least three defined ratios:


  1. Total Capital Adequacy Ratio
  2. Tier One Capital Adequacy Ratio
  3. Common Tier One Adequacy Ratio.

For a more detailed understanding of these ratios, you can consult BSP's own implementation guidelines, Investopedia.com, or numerous past posts about this subject.

The basic idea behind these ratios is that the higher the ratio, the more solid the bank is in financial strength, the greater it's ability to absorb losses.  BSP's own minimum for most of these ratios is 6.00 but it generally recommends a minimum of 10.00, especially for large and more systemically important banks (those that are Too Big To Fail or TBTF for short).


Every quarter, several Philippine Banks do not meet these guidelines. As of June 30, 2017, the banks that failed to meet BSP's recommended minimum capital requirements are as follows:


TOTAL CAR:


  1. Bataan Savings and Loan Bank (Total CAR of 0.00)
  2. Philippine Postal Savings Bank Inc (Total CAR of 6.71)
  3. United Coconut Planters Bank (Total CAR of 8.19)
  4. The Palawan Bank (Total CAR of 9.34)



TIER ONE CAR

Eight banks reported Tier One CAR of 0.00 as of June 30, 2017.  Of those that did report Tier One CAR greater than 0.00, five have less than the BSP-recommended Tier One CARs of 10.00. These banks are:

  1. Card SME Bank (Tier One CAR of 3.78)
  2. Philippine Postal Savings Bank Inc (Tier One CAR of 6.37)
  3. United Coconut Planters Bank (Tier One CAR of 8.19)
  4. Sterling Bank of Asia Inc (Tier One CAR of 8.44)
  5. The Palawan Bank (Tier One CAR of 9.44)

COMMON EQUITY TIER ONE CAR


The BSP's reporting guidelines on the Common Equity Tier One CAR (CET1) only took effect as of January 1, 2014.  Banks only started reporting this ratio in their Published Statements of Condition for June 30, 2014.  Forty-nine banks reported their CET1 Ratio as 0.00 for June 30, 2017.

However, of those banks that did report a CET1 Ratio other than 0.00, zero banks reported CET1 Ratios below BSP's recommended ratio.

The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of June 30, 2017 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):


Philippine Banking System
TOTAL CAR
June 30, 2017









Bank Type of Bank Total CAR
BATAAN SAVINGS AND LOAN BANK Thrift Bank 0.00
PHIL POSTAL SAVINGS BANK INC Thrift Bank 6.71
UNITED COCONUT PLANTERS BANK U/KB 8.19
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank 9.34
EQUICOM SAVINGS BANK INC Thrift Bank 11.32
ENTERPRISE BANK INC (A THRIFT BANK) Thrift Bank 11.55
STERLING BANK OF ASIA INC (A SAVINGS BANK) Thrift Bank 11.75
PHIL NATIONAL BANK U/KB 11.87
LUZON DEVELOPMENT BANK Thrift Bank 11.90
CHINA BANK SAVINGS INC Thrift Bank 12.01
BANK OF THE PHIL ISLANDS U/KB 12.38
LAND BANK OF THE  PHILIPPINES U/KB 12.74
PHILIPPINE VETERANS BANK U/KB 13.13
VILLAGE BANK INC (A THRIFT BANK) Thrift Bank 13.17
EAST WEST BANKING CORP U/KB 13.23
RCBC SAVINGS BANK INC Thrift Bank 13.44
WORLD PARTNERS BANK (A THRIFT BANK) Thrift Bank 13.49
THE BNK OF TOKYO-MITSUBISHI UFJ LTD U/KB 13.75
UNION BANK OF THE PHILS U/KB 14.19
PHIL SAVINGS BANK Thrift Bank 14.23
MAYBANK PHILIPPINES INC U/KB 14.37
PHIL BANK OF COMMUNICATIONS U/KB 14.83
METROPOLITAN BANK & TRUST CO U/KB 14.93
BDO UNIBANK INC U/KB 14.96
MIZUHO BANK LTD - MANILA BRANCH U/KB 14.96
RIZAL COMM'L BANKING CORP U/KB 15.14
DEVELOPMENT BANK OF THE PHIL U/KB 15.17
BANK OF CHINA LIMITED U/KB 15.36
CITY SAVINGS BANK INC Thrift Bank 15.50
BPI FAMILY SAVINGS BANK INC Thrift Bank 16.02
CHINA BANKING CORP U/KB 16.06
UCPB SAVINGS BANK Thrift Bank 16.28
PRODUCERS SAVINGS BANK CORPORATION Thrift Bank 16.32
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK Thrift Bank 16.38
ASIA UNITED BANK CORPORATION U/KB 17.38
BDO PRIVATE BANK, INC. U/KB 17.46
BATAAN DEVELOPMENT BANK Thrift Bank 17.50
BANGKO KABAYAN INC Thrift Bank 17.69
FARMERS SAVINGS & LOAN BANK INC Thrift Bank 17.69
CITIBANK, N.A. U/KB 17.94
METRO CEBU PUBLIC SAVINGS BANK Thrift Bank 18.09
SECURITY BANK CORP U/KB 18.34
MALAYAN BANK SAVINGS AND MORT BANK INC Thrift Bank 18.40
ANZ BANKING GROUP LTD U/KB 18.56
STANDARD CHARTERED BANK U/KB 18.62
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS Thrift Bank 18.76
BANK OF COMMERCE U/KB 18.88
CARD SME BANK INC A THRIFT BANK Thrift Bank 19.92
HONGKONG & SHANGHAI BANKING CORP U/KB 19.93
DEUTSCHE BANK AG U/KB 20.18
KEB HANA BANK - MANILA BRANCH U/KB 20.20
CTBC BANK (PHILIPPINES) CORP U/KB 20.35
HIYAS BANKING CORPORATION Thrift Bank 20.37
BANK OF MAKATI (A SAVINGS BANK) INC Thrift Bank 20.51
CITYSTATE SAVINGS BANK INC Thrift Bank 20.71
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) Thrift Bank 21.03
1ST VALLEY BANK INC A DEVELOPMENT BANK Thrift Bank 21.43
INTER-ASIA DEVELOPMENT BANK Thrift Bank 21.98
MEGA INT'L COMM'L BANK CO LTD U/KB 22.02
MARITIME SAVINGS BANK CORPORATION Thrift Bank 22.44
ROBINSONS BANK CORPORATION U/KB 23.59
DUMAGUETE CITY DEV BANK INC Thrift Bank 23.70
WEALTH DEVELOPMENT BANK CORPORATION Thrift Bank 23.98
SUN SAVINGS BANK INC Thrift Bank 25.04
BUSINESS AND CONSUMERS BANK (A DB) Thrift Bank 25.71
FIRST CONSOLIDATED BANK INC (A PDB) Thrift Bank 27.25
LIFE SAVINGS BANK INC Thrift Bank 28.31
PNB SAVINGS BANK Thrift Bank 28.31
LEGAZPI SAVINGS BANK INC Thrift Bank 28.39
UNIVERSITY SAVINGS BANK INC Thrift Bank 29.63
JP MORGAN CHASE BANK NATIONAL ASSN. U/KB 30.57
PAMPANGA DEVELOPMENT BANK Thrift Bank 32.98
BPI DIRECT BANKO INC Thrift Bank 33.47
LEMERY SAVINGS & LOAN BANK, INC. Thrift Bank 35.28
HSBC SAVINGS BANK PHILIPPINES Thrift Bank 35.72
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK Thrift Bank 36.96
CORDILLERA SAVINGS BANK INC Thrift Bank 38.54
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank 41.19
PHIL TRUST COMPANY U/KB 42.22
BANK OF AMERICA N.A. U/KB 42.41
NORTHPOINT DEV'T BANK INC Thrift Bank 42.95
BANGKOK BANK PUBLIC CO LTD U/KB 45.41
PACIFIC ACE SAVINGS BANK INC Thrift Bank 49.21
MERCHANTS SAVINGS & LOAN ASSN INC Thrift Bank 52.14
OPTIMUM DEVELOPMENT BANK INC Thrift Bank 53.53
PHIL STAR DEVELOPMENT BANK INC Thrift Bank 53.86
QUEZON COCONUT BANK INC (A THRIFT BANK) Thrift Bank 57.71
ING BANK N.V. U/KB 58.30
BANK ONE SAVINGS AND TRUST CORP. Thrift Bank 59.90
YUANTA SAVINGS BANK PHILIPPINES INC Thrift Bank 60.20
CENTURY SAVINGS BANK CORPORATION Thrift Bank 83.28
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS U/KB 96.39
SHINHAN BANK - MANILA BRANCH U/KB 103.42
INDUSTRIAL BANK OF KOREA MANILA BRANCH U/KB 124.77
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH U/KB 125.88
ISLA BANK(A THRIFT BANK) INC Thrift Bank 143.26
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB 162.75
CATHAY UNITED BANK CO LTD - MANILA BRANCH U/KB 170.06
FIRST COMMERCIAL BANK U/KB 268.35
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC Thrift Bank NA
MICROFINANCE MAXIMUM SB INC Thrift Bank NA
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) Thrift Bank NA
SAMPAGUITA SAVINGS BANK INC Thrift Bank NA
TONGYANG SAVINGS BANK INC Thrift Bank NA
TOWER DEVELOPMENT BANK Thrift Bank NA

Philippine Banking System
Tier One CAR
June 30, 2017









Bank Type of Bank Tier One CAR
1ST VALLEY BANK INC A DEVELOPMENT BANK Thrift Bank 0.00
BATAAN SAVINGS AND LOAN BANK Thrift Bank 0.00
BUSINESS AND CONSUMERS BANK (A DB) Thrift Bank 0.00
ENTERPRISE BANK INC (A THRIFT BANK) Thrift Bank 0.00
EQUICOM SAVINGS BANK INC Thrift Bank 0.00
INTER-ASIA DEVELOPMENT BANK Thrift Bank 0.00
MARITIME SAVINGS BANK CORPORATION Thrift Bank 0.00
OPTIMUM DEVELOPMENT BANK INC Thrift Bank 0.00
CARD SME BANK INC A THRIFT BANK Thrift Bank 3.78
PHIL POSTAL SAVINGS BANK INC Thrift Bank 6.37
UNITED COCONUT PLANTERS BANK U/KB 8.19
STERLING BANK OF ASIA INC (A SAVINGS BANK) Thrift Bank 8.44
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank 9.44
EAST WEST BANKING CORP U/KB 10.26
CHINA BANK SAVINGS INC Thrift Bank 10.96
DEVELOPMENT BANK OF THE PHIL U/KB 11.04
PHIL NATIONAL BANK U/KB 11.07
LUZON DEVELOPMENT BANK Thrift Bank 11.08
UNION BANK OF THE PHILS U/KB 11.31
PHIL SAVINGS BANK Thrift Bank 11.33
RIZAL COMM'L BANKING CORP U/KB 11.46
BANK OF THE PHIL ISLANDS U/KB 11.49
PHIL BANK OF COMMUNICATIONS U/KB 11.70
METROPOLITAN BANK & TRUST CO U/KB 11.92
LAND BANK OF THE  PHILIPPINES U/KB 11.93
PHILIPPINE VETERANS BANK U/KB 12.62
RCBC SAVINGS BANK INC Thrift Bank 12.70
VILLAGE BANK INC (A THRIFT BANK) Thrift Bank 12.80
THE BNK OF TOKYO-MITSUBISHI UFJ LTD U/KB 12.93
WORLD PARTNERS BANK (A THRIFT BANK) Thrift Bank 13.26
ASIA UNITED BANK CORPORATION U/KB 13.31
MAYBANK PHILIPPINES INC U/KB 13.42
BDO UNIBANK INC U/KB 13.47
MIZUHO BANK LTD - MANILA BRANCH U/KB 14.00
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS Thrift Bank 14.02
BANK OF CHINA LIMITED U/KB 14.75
CITY SAVINGS BANK INC Thrift Bank 14.77
UNIVERSITY SAVINGS BANK INC Thrift Bank 14.82
BPI FAMILY SAVINGS BANK INC Thrift Bank 15.16
CHINA BANKING CORP U/KB 15.21
UCPB SAVINGS BANK Thrift Bank 15.47
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK Thrift Bank 15.50
PRODUCERS SAVINGS BANK CORPORATION Thrift Bank 15.81
SECURITY BANK CORP U/KB 16.00
FARMERS SAVINGS & LOAN BANK INC Thrift Bank 16.76
BANGKO KABAYAN INC Thrift Bank 17.06
CITIBANK, N.A. U/KB 17.21
BDO PRIVATE BANK, INC. U/KB 17.24
ANZ BANKING GROUP LTD U/KB 17.80
MALAYAN BANK SAVINGS AND MORT BANK INC Thrift Bank 17.87
STANDARD CHARTERED BANK U/KB 18.15
BANK OF COMMERCE U/KB 18.18
BATAAN DEVELOPMENT BANK Thrift Bank 19.27
HONGKONG & SHANGHAI BANKING CORP U/KB 19.29
CTBC BANK (PHILIPPINES) CORP U/KB 19.50
DEUTSCHE BANK AG U/KB 19.56
KEB HANA BANK - MANILA BRANCH U/KB 19.86
BANK OF MAKATI (A SAVINGS BANK) INC Thrift Bank 19.99
HIYAS BANKING CORPORATION Thrift Bank 20.02
CITYSTATE SAVINGS BANK INC Thrift Bank 20.10
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) Thrift Bank 20.27
MEGA INT'L COMM'L BANK CO LTD U/KB 20.94
ROBINSONS BANK CORPORATION U/KB 22.77
WEALTH DEVELOPMENT BANK CORPORATION Thrift Bank 23.25
DUMAGUETE CITY DEV BANK INC Thrift Bank 23.26
SUN SAVINGS BANK INC Thrift Bank 24.27
FIRST CONSOLIDATED BANK INC (A PDB) Thrift Bank 26.39
PNB SAVINGS BANK Thrift Bank 27.51
LEGAZPI SAVINGS BANK INC Thrift Bank 27.66
LIFE SAVINGS BANK INC Thrift Bank 28.14
JP MORGAN CHASE BANK NATIONAL ASSN. U/KB 30.35
BPI DIRECT BANKO INC Thrift Bank 32.72
LEMERY SAVINGS & LOAN BANK, INC. Thrift Bank 34.86
HSBC SAVINGS BANK PHILIPPINES Thrift Bank 35.01
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK Thrift Bank 36.56
CORDILLERA SAVINGS BANK INC Thrift Bank 38.03
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank 41.19
METRO CEBU PUBLIC SAVINGS BANK Thrift Bank 41.79
PHIL TRUST COMPANY U/KB 41.89
BANK OF AMERICA N.A. U/KB 41.90
NORTHPOINT DEV'T BANK INC Thrift Bank 42.59
BANGKOK BANK PUBLIC CO LTD U/KB 44.43
MERCHANTS SAVINGS & LOAN ASSN INC Thrift Bank 51.47
PHIL STAR DEVELOPMENT BANK INC Thrift Bank 53.78
ING BANK N.V. U/KB 57.88
QUEZON COCONUT BANK INC (A THRIFT BANK) Thrift Bank 58.51
BANK ONE SAVINGS AND TRUST CORP. Thrift Bank 59.27
YUANTA SAVINGS BANK PHILIPPINES INC Thrift Bank 60.20
PACIFIC ACE SAVINGS BANK INC Thrift Bank 65.06
CENTURY SAVINGS BANK CORPORATION Thrift Bank 82.33
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS U/KB 95.92
SHINHAN BANK - MANILA BRANCH U/KB 102.90
INDUSTRIAL BANK OF KOREA MANILA BRANCH U/KB 124.77
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH U/KB 124.97
ISLA BANK(A THRIFT BANK) INC Thrift Bank 142.84
PAMPANGA DEVELOPMENT BANK Thrift Bank 148.00
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB 162.28
CATHAY UNITED BANK CO LTD - MANILA BRANCH U/KB 169.18
FIRST COMMERCIAL BANK U/KB 268.33
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC Thrift Bank NA
MICROFINANCE MAXIMUM SB INC Thrift Bank NA
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) Thrift Bank NA
SAMPAGUITA SAVINGS BANK INC Thrift Bank NA
TONGYANG SAVINGS BANK INC Thrift Bank NA
TOWER DEVELOPMENT BANK Thrift Bank NA

Philippine Banking System
Common Tier 1 Ratio
June 30, 2017









Bank Type of Bank Common Tier 1 Ratio
1ST VALLEY BANK INC A DEVELOPMENT BANK Thrift Bank 0.00
BANGKO KABAYAN INC Thrift Bank 0.00
BANK OF AMERICA N.A. U/KB 0.00
BANK OF CHINA LIMITED U/KB 0.00
BANK OF MAKATI (A SAVINGS BANK) INC Thrift Bank 0.00
BANK ONE SAVINGS AND TRUST CORP. Thrift Bank 0.00
BATAAN DEVELOPMENT BANK Thrift Bank 0.00
BATAAN SAVINGS AND LOAN BANK Thrift Bank 0.00
BUSINESS AND CONSUMERS BANK (A DB) Thrift Bank 0.00
CARD SME BANK INC A THRIFT BANK Thrift Bank 0.00
CENTURY SAVINGS BANK CORPORATION Thrift Bank 0.00
CITYSTATE SAVINGS BANK INC Thrift Bank 0.00
CORDILLERA SAVINGS BANK INC Thrift Bank 0.00
DUMAGUETE CITY DEV BANK INC Thrift Bank 0.00
ENTERPRISE BANK INC (A THRIFT BANK) Thrift Bank 0.00
EQUICOM SAVINGS BANK INC Thrift Bank 0.00
FARMERS SAVINGS & LOAN BANK INC Thrift Bank 0.00
FIRST CONSOLIDATED BANK INC (A PDB) Thrift Bank 0.00
HIYAS BANKING CORPORATION Thrift Bank 0.00
INTER-ASIA DEVELOPMENT BANK Thrift Bank 0.00
ISLA BANK(A THRIFT BANK) INC Thrift Bank 0.00
LEMERY SAVINGS & LOAN BANK, INC. Thrift Bank 0.00
LIFE SAVINGS BANK INC Thrift Bank 0.00
LUZON DEVELOPMENT BANK Thrift Bank 0.00
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank 0.00
MALAYAN BANK SAVINGS AND MORT BANK INC Thrift Bank 0.00
MARITIME SAVINGS BANK CORPORATION Thrift Bank 0.00
METRO CEBU PUBLIC SAVINGS BANK Thrift Bank 0.00
NORTHPOINT DEV'T BANK INC Thrift Bank 0.00
OPTIMUM DEVELOPMENT BANK INC Thrift Bank 0.00
PAMPANGA DEVELOPMENT BANK Thrift Bank 0.00
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) Thrift Bank 0.00
PHIL POSTAL SAVINGS BANK INC Thrift Bank 0.00
PHIL STAR DEVELOPMENT BANK INC Thrift Bank 0.00
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK Thrift Bank 0.00
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS Thrift Bank 0.00
PRODUCERS SAVINGS BANK CORPORATION Thrift Bank 0.00
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK Thrift Bank 0.00
QUEZON COCONUT BANK INC (A THRIFT BANK) Thrift Bank 0.00
STERLING BANK OF ASIA INC (A SAVINGS BANK) Thrift Bank 0.00
SUN SAVINGS BANK INC Thrift Bank 0.00
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank 0.00
UNITED COCONUT PLANTERS BANK U/KB 0.00
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB 0.00
UNIVERSITY SAVINGS BANK INC Thrift Bank 0.00
VILLAGE BANK INC (A THRIFT BANK) Thrift Bank 0.00
WEALTH DEVELOPMENT BANK CORPORATION Thrift Bank 0.00
WORLD PARTNERS BANK (A THRIFT BANK) Thrift Bank 0.00
YUANTA SAVINGS BANK PHILIPPINES INC Thrift Bank 0.00
EAST WEST BANKING CORP U/KB 10.26
CHINA BANK SAVINGS INC Thrift Bank 10.96
DEVELOPMENT BANK OF THE PHIL U/KB 11.04
PHIL NATIONAL BANK U/KB 11.07
PHILIPPINE VETERANS BANK U/KB 11.07
UNION BANK OF THE PHILS U/KB 11.31
PHIL SAVINGS BANK Thrift Bank 11.33
RIZAL COMM'L BANKING CORP U/KB 11.46
BANK OF THE PHIL ISLANDS U/KB 11.49
PHIL BANK OF COMMUNICATIONS U/KB 11.70
METROPOLITAN BANK & TRUST CO U/KB 11.92
LAND BANK OF THE  PHILIPPINES U/KB 11.93
RCBC SAVINGS BANK INC Thrift Bank 12.70
THE BNK OF TOKYO-MITSUBISHI UFJ LTD U/KB 12.93
BDO UNIBANK INC U/KB 13.17
ASIA UNITED BANK CORPORATION U/KB 13.31
MAYBANK PHILIPPINES INC U/KB 13.42
BDO PRIVATE BANK, INC. U/KB 13.43
MIZUHO BANK LTD - MANILA BRANCH U/KB 14.00
CITY SAVINGS BANK INC Thrift Bank 14.77
BPI FAMILY SAVINGS BANK INC Thrift Bank 15.16
CHINA BANKING CORP U/KB 15.21
UCPB SAVINGS BANK Thrift Bank 15.47
SECURITY BANK CORP U/KB 16.00
CITIBANK, N.A. U/KB 17.21
ANZ BANKING GROUP LTD U/KB 17.80
STANDARD CHARTERED BANK U/KB 18.15
BANK OF COMMERCE U/KB 18.18
HONGKONG & SHANGHAI BANKING CORP U/KB 19.29
CTBC BANK (PHILIPPINES) CORP U/KB 19.50
DEUTSCHE BANK AG U/KB 19.56
KEB HANA BANK - MANILA BRANCH U/KB 19.86
MEGA INT'L COMM'L BANK CO LTD U/KB 20.94
ROBINSONS BANK CORPORATION U/KB 22.77
PNB SAVINGS BANK Thrift Bank 27.50
LEGAZPI SAVINGS BANK INC Thrift Bank 27.66
JP MORGAN CHASE BANK NATIONAL ASSN. U/KB 30.35
BPI DIRECT BANKO INC Thrift Bank 32.72
HSBC SAVINGS BANK PHILIPPINES Thrift Bank 35.01
PHIL TRUST COMPANY U/KB 41.89
BANGKOK BANK PUBLIC CO LTD U/KB 44.43
MERCHANTS SAVINGS & LOAN ASSN INC Thrift Bank 51.47
ING BANK N.V. U/KB 57.88
PACIFIC ACE SAVINGS BANK INC Thrift Bank 65.06
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS U/KB 95.92
SHINHAN BANK - MANILA BRANCH U/KB 102.90
INDUSTRIAL BANK OF KOREA MANILA BRANCH U/KB 124.77
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH U/KB 124.97
CATHAY UNITED BANK CO LTD - MANILA BRANCH U/KB 169.18
FIRST COMMERCIAL BANK U/KB 268.33
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC Thrift Bank NA
MICROFINANCE MAXIMUM SB INC Thrift Bank NA
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) Thrift Bank NA
SAMPAGUITA SAVINGS BANK INC Thrift Bank NA
TONGYANG SAVINGS BANK INC Thrift Bank NA
TOWER DEVELOPMENT BANK Thrift Bank NA