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 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.
List of Philippine
Thrift Banks
with a High % of
Distressed Assets to
Total Capital Cushion
As of March 31, 2011
|
|||
Bank
|
Total Distressed Assets (In PHP Million)1
|
Total Capital Cushion (In PHP Million)2
|
Distressed Assets/
Total Capital
Cushion
(In %)3
|
Legaspi
Savings Bank
|
798.630
|
35.263
|
1730.43%
|
Village SLA
|
593.227
|
56.950
|
813.24%
|
Real Bank (A
Thrift Bank) Inc.
|
9,851.599
|
874.628
|
788.74%
|
LBC
Development Bank
|
5,038.581
|
511.151
|
703.67%
|
City Savngs
Bank
|
7,041.887
|
1,350.343
|
520.21%
|
The Palawan
Development Bank
|
96.953
|
7.082
|
449.30%
|
China Bank
Savings
|
2,779.894
|
1,130.651
|
392.93%
|
Planters
Development Bank
|
13,533.951
|
3,757.840
|
322.90%
|
GSIS Family
Bank
|
2,215.126
|
591.880
|
306.51%
|
Iloilo City
Development Bank
|
177.436
|
57.731
|
294.71%
|
Bataan
Development Bank
|
166.968
|
62.455
|
233.55%
|
Farmers
Savings and Loan Association
|
232.837
|
95.014
|
202.55%
|
Business &
Consumers Bank A DB
|
145.180
|
74.181
|
183.31%
|
CityState
Savings Bank
|
1,400.328
|
781.363
|
173.56%
|
Hiyas Savings
& Loan Bank
|
265.453
|
143.482
|
167.25%
|
Opportunity
Microfinance Bank
|
192.736
|
122.773
|
152.68%
|
University SLA
|
365.425
|
224.967
|
151.59%
|
Equicom
Savings Bank
|
654.065
|
405.726
|
145.38%
|
Dumaguete City
Development Bank
|
272.395
|
194.208
|
140.79%
|
RCBC Savings
Bank Inc.
|
10,694.841
|
6,571.828
|
140.74%
|
Premiere
Development Bank
|
1,287.037
|
824.669
|
140.05%
|
Dungganon Bank
|
67.114
|
59.548
|
111.01%
|
Malayan Bank
Savings & Mortgage Bank
|
1,085.088
|
925.197
|
108.84%
|
Luzon
Development Bank
|
477.413
|
419.409
|
104.48%
|
Philippine
Postal Savings Bank
|
571.295
|
427.861
|
103.29%
|
Citibank Savings Inc.
|
3,641.379
|
1,275.600
|
99.06%
|
Producers Savings Bank Corporation
|
481.180
|
571.159
|
91.05%
|
Metro Cebu Public Savings Bank
|
63.055
|
60.724
|
87.44%
|
Penbank Inc.
|
196.750
|
219.602
|
86.35%
|
BPI Family Savings Bank
|
11,775.509
|
12,563.940
|
79.26%
|
Wealth Bank
|
299.331
|
350.603
|
78.00%
|
Philippine Savings Bank
|
10,860.177
|
10,554.402
|
76.58%
|
Tong Yang Savings Bank Inc.
|
338.577
|
393.492
|
76.31%
|
Cordillera Savings Bank
|
86.503
|
97.066
|
72.96%
|
United Overseas Bank Philippines
|
1,040.712
|
678.813
|
70.78%
|
Pampanga Development Bank
|
82.510
|
99.964
|
70.33%
|
Liberty Savings & Loan
|
41.524
|
57.563
|
69.29%
|
Philippine Business Bank
|
1,841.275
|
2,442.174
|
66.34%
|
First Consolidated Bank Inc.
|
981.161
|
1,418.425
|
63.11%
|
Pridestar Development Bank
|
42.818
|
66.988
|
60.30%
|
Tower Development Bank
|
59.849
|
105.400
|
57.03%
|
Sampaguita SLA, Inc.
|
38.646
|
59.722
|
54.00%
|
Life Savings Bank
|
34.368
|
62.545
|
53.51%
|
Microfinance Maximum SB (Maxbank)
|
32.698
|
61.726
|
51.30%
|
Northpoint Development Bank
|
26.731
|
54.037
|
45.72%
|
Lemery Savings & Loan Bank, Inc.
|
34.063
|
71.682
|
45.40%
|
Sterling Bank of Asia Inc. (A SB)
|
720.860
|
1,185.992
|
44.70%
|
UCPB Savings Bank
|
824.448
|
1,784.927
|
43.42%
|
Robinsons Savings Bank
|
1,054.429
|
2,295.879
|
40.56%
|
World Partners Bank
|
67.473
|
164.047
|
38.05%
|
Malasiqui Progressive SLB
|
21.049
|
49.475
|
36.31%
|
Quezon Coconut Producers SLB
|
20.594
|
54.973
|
35.97%
|
Allied Savings Bank
|
349.224
|
947.920
|
35.04%
|
Maritime SLA Inc.
|
15.638
|
64.426
|
23.43%
|
The Queen City Development Bank
|
154.557
|
681.828
|
22.25%
|
Optimum Development Bank
|
141.863
|
613.451
|
20.80%
|
Pacific Ace Savings Bank
|
13.507
|
66.580
|
18.83%
|
BPI Direct Savings Bank
|
104.808
|
619.541
|
15.39%
|
HSBC Savings Bank (Philippines) Inc.
|
306.362
|
2,139.402
|
13.31%
|
Bank One Savings and Trust Corp.
|
63.092
|
509.441
|
12.25%
|
Bataan SLA
|
9.134
|
77.555
|
11.57%
|
Isla bank (A Thrift Bank) Inc.
|
56.019
|
622.551
|
8.95%
|
EIB Savings Bank Inc.
|
6.394
|
67.718
|
8.66%
|
BPI Globe Bank Inc. Savings Bank
|
27.906
|
324.653
|
8.32%
|
Progress SLA
|
5.755
|
85.219
|
6.70%
|
BDO Elite Savings Bank
|
93.326
|
1,478.233
|
6.35%
|
Merchants Savings & Loan Association
|
11.583
|
219.619
|
5.14%
|
Century Savings Bank
|
22.696
|
846.043
|
2.93%
|
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'
published statement of condition as of March 31, 2011 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.
1Includes
Classified Loans and Other Risk Assets, Acquired Real Estate,
Non-Current Assets Held for Sale, Other Assets
2Includes
Stockholder's Equity less Other Capital Accounts plus Allowance for
Credit and Impairment Losses
3A
ratio of Distressed Assets to Total Capital Cushion greater than
100% signals the danger of insolvency
In the past ten years, there have been numerous bank failures: 1 commercial bank, 21 thrift banks, and 187 rural banks
In the past ten years, there have been numerous bank failures: 1 commercial bank, 21 thrift banks, and 187 rural banks
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