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Thursday, December 22, 2011

Slight Deterioration in the Solvency of Listed Philippine Banks

Based on the individual Published Statements of Condition for Listed Philippine Banks, the Total Distressed Assets increased by PHP 14.625 billion or 4.80% from June 30, 2011 to September 30, 2011.  This was slightly offset by an increase of PHP 9.356 billion or 2.19% in the Total Capital Cushion of these banks during the same period.  As a result, the Listed Banks Ratio of Distressed Assets to Total Capital Cushion increased by 1.82% from 71.32% as of June 30, 2011 to 73.14% as of September 30, 2011.

Please note that the ratio of Distressed Assets to Total Capital Cushion of two banks on this list are above the borderline level of 100.00%.  These banks have been borderline insolvent since June 30, 2011.  The banks that exhibited significant increases in their insolvency ratios were Export and Industry Bank (71.21%), China Banking Corporation (9.34%), Metropolitan Bank and Trust Company (6.46%) and Security Bank Corporation (3.30%).  Only two banks showed drops in their insolvency ratios, Philippine Savings Bank (-0.22%) and Union Bank of the Philippines (-0.39%).


Listed Philippine Banks




Total Distressed Assets/ Total Capital Cushion




June 30, 2011 to September 30, 2011

















June 30, 2011 September 30, 2011 Variance
% Variance
Banco de Oro Unibank 59.95% 61.04% 1.09%
1.81%
Bank of the Philippine Islands 68.23% 69.39% 1.16%
1.71%
China Banking Corporation 53.51% 58.51% 5.00%
9.34%
Export and Industry Bank 862.13% 1476.07% 613.94%
71.21%
Metropolitan Bank and Trust Company 67.10% 71.43% 4.33%
6.46%
Philippine Savings Bank 79.47% 79.30% -0.17%
-0.22%
Rizal Commercial Banking Corporation 88.89% 89.21% 0.31%
0.35%
Security Bank Corporation 46.50% 48.03% 1.53%
3.30%
Union Bank of the Philippines 101.23% 100.84% -0.39%
-0.39%



Listed Philippine Banks

















Total Distressed Assets/ Total Capital Cushion















June 30, 2011 to September 30, 2011













































June 30, 2011





September 30, 2011





Variance



Total Distressed Assets (In PHP Billion) Total Capital Cushion (In PHP Billion) Distressed Assets/ Total Capital Cushion (In %)

Total Distressed Assets (In PHP Billion) Total Capital Cushion (In PHP Billion) Distressed Assets/ Total Capital Cushion (In %)

Total Distressed Assets (In PHP Billion) Total Capital Cushion (In PHP Billion) Distressed Assets/ Total Capital Cushion (In %)
Export and Industry Bank
14.458
1.677
862.13%


13.388
.907
1476.07%


-1.070
-.770
613.94%
Union Bank of the Philippines
38.686
38.215
101.23%


38.622
38.301
100.84%


-.064
.086
-0.39%
Rizal Commercial Banking Corporation
29.423
33.099
88.89%


32.720
36.679
89.21%


3.297
3.580
0.31%
Philippine Savings Bank
11.425
14.150
79.47%


11.292
14.240
79.30%


.047
.090
-0.17%
Metropolitan Bank and Trust Company
61.204
91.212
67.10%


63.939
89.510
71.43%


2.735
-1.702
4.33%
Bank of the Philippine Islands
52.695
77.235
68.23%


57.620
83.386
69.39%


5.167
6.151
1.16%
Banco de Oro Unibank
65.864
109.861
59.95%


67.522
110.622
61.04%


1.658
.761
1.09%
China Banking Corporation
18.929
35.375
53.51%


21.369
36.523
58.51%


2.440
1.148
5.00%
Security Bank Corporation
12.417
26.704
46.50%


12.832
26.716
48.03%


.415
.012
1.53%
Total
304.921
427.528
71.32%


319.546
436.884
73.14%


14.625
9.356
1.82%

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