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Saturday, January 28, 2012

Worst Philippine Thrift Banks get Worse - June 30, 2011

Editor's Note:  This blog was inspired by the spectacular failure of Banco Filipino Savings and Mortgage Bank for the second time in its 38 years of existence.  This blog post and other blog posts like it attempt to describe why the bank failed.  But it also attempts to assess what other Philippine Banks have the potential to fail in the not too distant future. To see blog posts on other banks, click on the Banco Filipino Graphic at the top of the blog or click on the blog archive on the right hand column, or simply go to bancofilipinofailure.blogspot.com.


Based on the individual Published Statements of Condition for the Thrift Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Thrift Banks increased by PHP 4.9 billion or 5.08% from March 31, 2011 to June 30, 2011.  This was partially offset by an increase of PHP 0.6 billion (or 0.80%)  in the Total Capital Cushion of the Thrift Banks during the same period.  As a result, the Thrift Bank's Ratio of Distressed Assets to Total Capital Cushion increased by 5.16%, from 121.70% as of March 31, 2011 to 126.87% as of June 30, 2011.  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.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks

Please note that the overall ratio of 126.87% is still way above the borderline level of 100% (highlighted in yellow).  This ratio has been skewed upward by the presence of around 24 thrift banks that are above the 100% borderline level which indicates that the bank is at or near insolvency.  Although levels have deteriorated, one bank, Philippine Postal Savings Bank declined below the borderline level, from 103.29% as of March 31, 2011 to 94.59% as of June 30, 2011.  The top distressed bank as of March 31, 2011, Legaspi  Savings Bank (which had a distressed ratio of 2170.01% as of  December 31, 2010 and 1730.43% as of March 31, 2011), dropped off the list because it had no published statement of condition as of June 30, 2011.  A new entrant to the list of borderline banks was Citibank Saving Inc., whose distressed ratio rose from a just below borderline level of 99.06% as of March 31, 2011 to 110.79% as of June 30, 2011.

The borderline banks (highlighted in yellow), as whole, showed a significant increase in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 267.64% as of June 30, 2011, up from 248.66% as of March 31, 2011.


The borderline banks that exhibited a significant increase in this ratio include:

  1. The Palawan Development Bank (34.67% increase)
  2. RCBC Savings Bank Inc. (27.14% increase)
  3. Luzon Development Bank (18.12% increase)
  4. City Savings Bank (17.22% increase)
  5. Iloilo City Development Bank (14.65% increase)
  6. CityState Savings Bank (11.16% increase)
  7. LBC Development Bank - defunct as of September 2011 (11.12% increase).

The borderline banks that exhibited a significant drop in their Total Distressed Assets/Total Capital Cushion Ratios include the following:

  1. China Bank Savings (56.24% drop)
  2. Dumaguete City Development Bank (11.29% drop)




Philippine Thrift Banking System



Total Distressed Assets/Total Capital Cushion



March 31, 2011 to June 30, 2011













Bank March 31, 2011 June 30, 2011 Variance % Variance
Progress SLA 6.70% 13.24% 6.54% 97.62%
Tower Development Bank 57.03% 77.70% 20.67% 36.24%
The Palawan Development Bank 449.30% 605.09% 155.79% 34.67%
RCBC Savings Bank Inc. 140.74% 178.93% 38.19% 27.14%
Century Savings Bank 2.93% 3.53% 0.60% 20.37%
Luzon Development Bank 104.48% 123.41% 18.93% 18.12%
City Savings Bank 520.21% 609.80% 89.59% 17.22%
Tong Yang Savings Bank Inc. 76.31% 88.58% 12.27% 16.08%
Iloilo City Development Bank 294.71% 337.88% 43.17% 14.65%
Sampaguita SLA, Inc. 54.00% 60.68% 6.69% 12.38%
Citibank Savings Inc. 99.06% 110.79% 11.73% 11.84%
CityState Savings Bank 173.56% 192.92% 19.37% 11.16%
LBC Development Bank 703.67% 781.95% 78.28% 11.12%
Business & Consumers Bank A DB 183.31% 201.32% 18.01% 9.83%
Cordillera Savings Bank 72.96% 79.15% 6.18% 8.48%
Real Bank (A Thrift Bank) Inc. 788.74% 840.20% 51.46% 6.52%
Planters Development Bank 322.90% 343.14% 20.24% 6.27%
Metro Cebu Public Savings Bank 87.44% 92.58% 5.14% 5.88%
Lemery Savings & Loan Bank, Inc. 45.40% 47.66% 2.26% 4.98%
The Queen City Development Bank 22.25% 23.30% 1.05% 4.72%
World Partners Bank 38.05% 39.84% 1.79% 4.70%
BPI Direct Savings Bank 15.39% 16.10% 0.71% 4.63%
Merchants Savings & Loan Association 5.14% 5.36% 0.22% 4.25%
Premiere Development Bank 140.05% 145.40% 5.34% 3.82%
Philippine Savings Bank 76.58% 79.47% 2.89% 3.77%
Malayan Bank Savings & Mortgage Bank 108.84% 112.08% 3.23% 2.97%
Equicom Savings Bank 145.38% 148.76% 3.38% 2.32%
Bataan SLA 11.57% 11.83% 0.26% 2.24%
Dungganon Bank 111.01% 112.68% 1.67% 1.50%
UCPB Savings Bank 43.42% 44.02% 0.60% 1.38%
University SLA 151.59% 153.56% 1.97% 1.30%
Northpoint Development Bank 45.72% 46.25% 0.54% 1.18%
Village SLA 813.24% 820.15% 6.91% 0.85%
Life Savings Bank 53.51% 53.74% 0.23% 0.42%
Pridestar Development Bank 60.30% 60.38% 0.08% 0.13%
Wealth Bank 78.00% 78.05% 0.06% 0.07%
Opportunity Microfinance Bank 152.68% 152.70% 0.02% 0.01%
BPI Globe Bank Inc. Savings Bank 8.32% 8.32% 0.00% 0.00%
Robinsons Savings Bank 40.56% 40.56% 0.00% 0.00%
BDO Elite Savings Bank 6.35% 6.35% 0.00% -0.01%
Isla bank (A Thrift Bank) Inc. 8.95% 8.95% -0.01% -0.06%
Hiyas Savings & Loan Bank 167.25% 165.82% -1.44% -0.86%
Philippine Business Bank 66.34% 65.75% -0.59% -0.89%
Pampanga Development Bank 70.33% 69.37% -0.96% -1.36%
GSIS Family Bank 306.51% 301.33% -5.18% -1.69%
BPI Family Savings Bank 79.26% 77.87% -1.40% -1.76%
Liberty Savings & Loan 69.29% 67.57% -1.72% -2.48%
Optimum Development Bank 20.80% 20.28% -0.52% -2.50%
EIB Savings Bank Inc. 8.66% 8.43% -0.23% -2.63%
Bataan Development Bank 233.55% 224.50% -9.05% -3.88%
United Overseas Bank Philippines 70.78% 67.56% -3.23% -4.56%
Farmers Savings and Loan Association 202.55% 193.30% -9.26% -4.57%
Microfinance Maximum SB (Maxbank) 51.30% 48.74% -2.56% -4.98%
Sterling Bank of Asia Inc. (A SB) 44.70% 41.09% -3.61% -8.07%
Quezon Coconut Producers SLB 35.97% 33.00% -2.97% -8.26%
Philippine Postal Savings Bank 103.29% 94.59% -8.70% -8.42%
Bank One Savings and Trust Corp. 12.25% 11.18% -1.07% -8.75%
First Consolidated Bank Inc. 63.11% 57.48% -5.62% -8.91%
HSBC Savings Bank (Philippines) Inc. 13.31% 11.95% -1.36% -10.21%
Dumaguete City Development Bank 140.79% 124.90% -15.89% -11.29%
Malasiqui Progressive SLB 36.31% 32.09% -4.22% -11.63%
Producers Savings Bank Corporation 91.05% 79.90% -11.16% -12.25%
Allied Savings Bank 35.04% 30.38% -4.66% -13.31%
Maritime SLA Inc. 23.43% 20.17% -3.27% -13.94%
Pacific Ace Savings Bank 18.83% 8.45% -10.38% -55.14%
China Bank Savings 392.93% 171.94% -220.99% -56.24%
Legaspi Savings Bank 1730.43% NA NA NA
Penbank NA 79.56% NA NA
Total 121.70% 126.87% 5.16% 4.24%


On a half-year basis, the thrift banking system has improved its Ratio of Distressed Assets to Total Capital Cushion by 2.58%, from 130.22% as of December 31, 2010 to 126.87% as of June 30, 2011.  This is not because Total Distressed Assets have gone down.  Total Distressed Assets went up by PHP 7.6 billion or 8.12% from December 31, 2010 to June 30, 2011.  It is because Total Capital Cushion  went up by PHP 7.9 billion or 10.99% in the same period.

Despite the overall improvement in the Thrift Bank Industry, the borderline banks distressed ratios deteriorated during the first half of 2011.  The distressed ratio for these banks have climbed from 248.85% as of December 31, 2010  to 267.64% as of June 30, 2011.

The borderline banks that exhibited significant deterioration in their Total Distressed Assets to Total Capital Cushion Ratios were the following:
  1. CityState Savings Bank (392.36% increase)
  2. Premiere Development Bank (75.69% increase)
  3. LBC Development Bank (defunct as of September 2011) (37.81% increase)
  4. Citibank Savings Inc. (21.75% increase)
  5. Iloilo City Development Bank (19.10% increase)
  6. Luzon Development Bank (18.93% increase)
  7. Opportunity Microfinance Bank (17.98% increase)
  8. The Palawan Development Bank (17.75% increase)
The borderline banks that exhibited significant improvements in their Total Distressed Assets to Total Capital Cushion Ratios were as follows:
  1. China Bank Savings (54.95% drop)
  2. City Savings Bank (20.73% drop)
  3. Farmers Savings and Loan Association (15.46% drop)
Philippine Postal Savings Bank dropped out of the list of borderline banks altogether with a 15.05% drop in its ratio of Total Distressed Assets to Total Capital Cushion.




Philippine Thrift Banking System



Total Distressed Assets/Total Capital Cushion



December 31, 2011 to June 30, 2011













Bank December 31, 2010 June 30, 2011 Variance % Variance
CityState Savings Bank 39.18% 192.92% 153.74% 392.36%
Progress SLA 6.59% 13.24% 6.65% 100.99%
Premiere Development Bank 82.76% 145.40% 62.64% 75.69%
BPI Globe Bank Inc. Savings Bank 5.38% 8.32% 2.94% 54.78%
LBC Development Bank 567.42% 781.95% 214.53% 37.81%
Century Savings Bank 2.81% 3.53% 0.72% 25.74%
Citibank Savings Inc. 91.00% 110.79% 19.80% 21.75%
Iloilo City Development Bank 283.69% 337.88% 54.19% 19.10%
Luzon Development Bank 103.77% 123.41% 19.64% 18.93%
Opportunity Microfinance Bank 129.43% 152.70% 23.27% 17.98%
The Palawan Development Bank 513.90% 605.09% 91.19% 17.75%
Sampaguita SLA, Inc. 54.38% 60.68% 6.30% 11.58%
Tong Yang Savings Bank Inc. 79.85% 88.58% 8.74% 10.94%
Cordillera Savings Bank 72.68% 79.15% 6.46% 8.89%
Business & Consumers Bank A DB 185.14% 201.32% 16.18% 8.74%
Malayan Bank Savings & Mortgage Bank 103.44% 112.08% 8.64% 8.35%
Bataan SLA 10.98% 11.83% 0.85% 7.74%
RCBC Savings Bank Inc. 166.80% 178.93% 12.13% 7.27%
Hiyas Savings & Loan Bank 156.01% 165.82% 9.81% 6.29%
Metro Cebu Public Savings Bank 87.66% 92.58% 4.92% 5.62%
GSIS Family Bank 286.92% 301.33% 14.41% 5.02%
Tower Development Bank 75.62% 77.70% 2.08% 2.76%
Northpoint Development Bank 45.22% 46.25% 1.03% 2.29%
UCPB Savings Bank 43.21% 44.02% 0.81% 1.87%
Maritime SLA Inc. 19.95% 20.17% 0.21% 1.06%
Dungganon Bank 112.33% 112.68% 0.35% 0.32%
University SLA 154.21% 153.56% -0.65% -0.42%
Village SLA 823.93% 820.15% -3.78% -0.46%
Planters Development Bank 344.85% 343.14% -1.70% -0.49%
Bataan Development Bank 226.07% 224.50% -1.57% -0.69%
Equicom Savings Bank 149.92% 148.76% -1.17% -0.78%
Isla bank (A Thrift Bank) Inc. 9.02% 8.95% -0.07% -0.83%
United Overseas Bank Philippines 68.26% 67.56% -0.70% -1.03%
Lemery Savings & Loan Bank, Inc. 48.16% 47.66% -0.50% -1.04%
Pridestar Development Bank 61.47% 60.38% -1.09% -1.77%
Microfinance Maximum SB (Maxbank) 49.89% 48.74% -1.15% -2.30%
Wealth Bank 80.48% 78.05% -2.43% -3.02%
Real Bank (A Thrift Bank) Inc. 868.10% 840.20% -27.90% -3.21%
BDO Elite Savings Bank 6.62% 6.35% -0.27% -4.11%
Philippine Savings Bank 83.15% 79.47% -3.68% -4.43%
Optimum Development Bank 21.28% 20.28% -1.00% -4.71%
Pampanga Development Bank 73.19% 69.37% -3.82% -5.22%
Dumaguete City Development Bank 132.38% 124.90% -7.48% -5.65%
EIB Savings Bank Inc. 9.18% 8.43% -0.75% -8.18%
Life Savings Bank 59.44% 53.74% -5.71% -9.60%
Malasiqui Progressive SLB 36.32% 32.09% -4.24% -11.67%
Philippine Postal Savings Bank 111.34% 94.59% -16.75% -15.05%
Merchants Savings & Loan Association 6.31% 5.36% -0.95% -15.11%
Farmers Savings and Loan Association 228.64% 193.30% -35.35% -15.46%
BPI Family Savings Bank 92.13% 77.87% -14.26% -15.48%
Allied Savings Bank 36.47% 30.38% -6.09% -16.70%
Sterling Bank of Asia Inc. (A SB) 50.13% 41.09% -9.04% -18.03%
BPI Direct Savings Bank 20.02% 16.10% -3.92% -19.59%
Robinsons Savings Bank 50.59% 40.56% -10.03% -19.83%
City Savings Bank 769.30% 609.80% -159.50% -20.73%
Producers Savings Bank Corporation 102.49% 79.90% -22.60% -22.05%
Liberty Savings & Loan 87.06% 67.57% -19.48% -22.38%
First Consolidated Bank Inc. 75.89% 57.48% -18.41% -24.26%
Quezon Coconut Producers SLB 44.00% 33.00% -11.00% -25.01%
HSBC Savings Bank (Philippines) Inc. 16.15% 11.95% -4.20% -26.02%
World Partners Bank 59.37% 39.84% -19.53% -32.90%
Philippine Business Bank 98.94% 65.75% -33.19% -33.55%
The Queen City Development Bank 37.85% 23.30% -14.55% -38.44%
Bank One Savings and Trust Corp. 20.00% 11.18% -8.82% -44.11%
China Bank Savings 381.64% 171.94% -209.70% -54.95%
Pacific Ace Savings Bank 18.87% 8.45% -10.42% -55.24%
Legaspi Savings Bank 2170.01% NA NA NA
Penbank NA 79.56% NA NA
Total 130.22% 126.87% -3.36% -2.58%


Philippine Thrift Banking System










Total Distressed Assets/Total Capital Cushion










December 31, 2010; March 31 & June 30, 2011
























December 31, 2010


March 31, 2011


June 30, 2011

Total Distressed Assets (In PHP) Total Capital Cushion (In PHP) Distressed Assets/ Total Capital Cushion (In %)
Total Distressed Assets (In PHP) Total Capital Cushion (In PHP) Distressed Assets/ Total Capital Cushion (In %)
Total Distressed Assets (In PHP) Total Capital Cushion (In PHP) Distressed Assets/ Total Capital Cushion (In %)
Real Bank (A Thrift Bank) Inc. 9,954,853,974.90 1,146,746,391.09 868.10%
9,851,599,352.69 1,249,036,156.19 788.74%
9,914,899,350 1,180,065,378 840.20%
Village SLA 577,043,128.17 70,035,289.50 823.93%
593,227,159.00 72,946,206.19 813.24%
602,121,507 73,415,684 820.15%
LBC Development Bank 4,048,655,003.33 713,516,676.64 567.42%
5,038,581,463.69 716,044,399.24 703.67%
5,599,115,479.31 716,044,399.25 781.95%
City Savngs Bank 6,911,180,484.23 898,376,680.13 769.30%
7,041,887,200.09 1,353,669,542.94 520.21%
8,316,875,630 1,363,869,543 609.80%
The Palawan Development Bank 109,060,886.46 21,222,213.57 513.90%
96,953,206.81 21,578,520.32 449.30%
94,099,359 15,551,268 605.09%
Planters Development Bank 13,204,820,165.74 3,829,162,254.99 344.85%
13,533,950,955.06 4,191,355,884.93 322.90%
14,592,079,970 4,252,462,049 343.14%
Iloilo City Development Bank 164,491,227.09 57,982,389.96 283.69%
177,436,124.14 60,206,324.58 294.71%
201,244,453 59,560,622 337.88%
GSIS Family Bank 2,108,934,873.50 735,035,754.66 286.92%
2,215,126,011.31 722,703,846.64 306.51%
2,221,793,158 737,340,446 301.33%
Bataan Development Bank 157,591,208.54 69,709,822.28 226.07%
166,967,608.04 71,491,113.71 233.55%
165,037,169 73,513,277 224.50%
Business & Consumers Bank A DB 142,609,963.06 77,028,484.73 185.14%
145,179,649.34 79,199,417.20 183.31%
159,061,542 79,009,127 201.32%
Farmers Savings and Loan Association 255,557,581.90 111,770,882.28 228.64%
232,836,973.06 114,952,036.06 202.55%
219,966,093 113,797,807 193.30%
CityState Savings Bank 315,909,914.49 806,239,256.05 39.18%
1,400,328,486.11 806,839,256.05 173.56%
1,553,539,571 805,263,756 192.92%
RCBC Savings Bank Inc. 10,930,316,206.04 6,552,835,277.90 166.80%
10,694,840,952.48 7,599,027,233.14 140.74%
13,788,384,239 7,705,864,931 178.93%
China Bank Savings 2,703,868,715.65 708,478,836.05 381.64%
2,779,893,794.60 707,482,430.32 392.93%
1,389,003,411 807,842,102 171.94%
Hiyas Savings & Loan Bank 247,645,321.52 158,736,197.28 156.01%
265,452,938.70 158,711,645.03 167.25%
263,797,330 159,089,255 165.82%
University SLA 355,031,641.89 230,220,475.89 154.21%
365,424,986.56 241,060,100.32 151.59%
371,352,110 241,828,375 153.56%
Opportunity Microfinance Bank 175,764,860.63 135,802,109.03 129.43%
192,736,268.36 126,233,191.43 152.68%
234,304,064 153,442,569 152.70%
Equicom Savings Bank 704,023,800.85 469,594,025.42 149.92%
654,064,843.08 449,902,880.38 145.38%
631,470,272 424,503,341 148.76%
Premiere Development Bank 1,313,359,662.84 1,587,005,239.48 82.76%
1,287,037,216.65 918,978,255.91 140.05%
1,320,152,941 907,972,696 145.40%
Dumaguete City Development Bank 271,148,295.04 204,824,439.66 132.38%
272,395,329.87 193,474,401.90 140.79%
254,685,787 203,914,267 124.90%
Luzon Development Bank 436,163,079.47 420,334,380.17 103.77%
477,413,342.50 456,953,152.00 104.48%
524,808,131 425,266,338 123.41%
Dungganon Bank 66,486,816.72 59,191,429.00 112.33%
67,114,414.83 60,457,554.56 111.01%
68,125,175 60,459,329 112.68%
Malayan Bank Savings & Mortgage Bank 1,036,493,541.66 1,002,030,653.05 103.44%
1,085,088,462.39 996,941,501.60 108.84%
1,140,026,958 1,017,189,176 112.08%
Citibank Savings Inc. 3,606,546,835.07 3,963,330,681.74 91.00%
3,641,378,536.57 3,675,927,419.81 99.06%
4,150,501,781 3,746,175,421 110.79%
Philippine Postal Savings Bank 590,501,600.10 530,342,731.83 111.34%
571,294,747.74 553,099,431.39 103.29%
523,916,859 553,886,488 94.59%
Metro Cebu Public Savings Bank 62,681,149.84 71,505,839.15 87.66%
63,055,090.72 72,112,596.25 87.44%
67,185,492 72,567,806 92.58%
Tong Yang Savings Bank Inc. 344,928,566.28 431,990,127.62 79.85%
338,576,606.94 443,685,592.60 76.31%
384,685,012 434,265,073 88.58%
Producers Savings Bank Corporation 435,368,499.59 424,781,801.37 102.49%
481,179,954.20 528,456,241.18 91.05%
423,502,792 530,059,207 79.90%












Philippine Savings Bank 10,683,005,572.25 12,847,187,428.93 83.15%
10,860,177,427.02 14,180,778,447.16 76.58%
11,244,937,668 14,150,010,108 79.47%
Cordillera Savings Bank 86,778,100.36 119,389,723.48 72.68%
86,502,732.68 118,556,006.75 72.96%
87,238,971 110,223,065 79.15%
Wealth Bank 308,872,937.46 383,780,751.22 80.48%
299,330,539.41 383,780,751.22 78.00%
300,507,951 385,002,154 78.05%
BPI Family Savings Bank 11,502,835,442.66 12,485,535,541.67 92.13%
11,775,508,662.49 14,855,958,256.88 79.26%
11,630,771,744 14,936,335,956 77.87%
Tower Development Bank 79,350,494.02 104,939,329.22 75.62%
59,849,277.51 104,945,435.32 57.03%
84,005,055 108,116,222 77.70%
Pampanga Development Bank 81,967,250.32 111,985,923.34 73.19%
82,510,420.65 117,322,641.41 70.33%
82,481,223 118,898,949 69.37%
Liberty Savings & Loan 43,654,225.43 50,143,836.27 87.06%
41,524,004.44 59,928,329.41 69.29%
40,359,428 59,726,549 67.57%
United Overseas Bank Philippines 1,003,700,326.61 1,470,393,906.97 68.26%
1,040,712,097.34 1,470,262,516.31 70.78%
992,162,078 1,468,639,794 67.56%
Philippine Business Bank 1,884,264,957.92 1,904,439,283.82 98.94%
1,841,274,990.78 2,775,632,541.34 66.34%
1,829,242,709 2,782,296,891 65.75%
Sampaguita SLA, Inc. 38,657,771.38 71,082,533.12 54.38%
38,645,789.03 71,570,976.34 54.00%
42,483,859 70,009,404 60.68%
Pridestar Development Bank 44,016,527.30 71,601,171.40 61.47%
42,817,731.41 71,002,884.05 60.30%
42,142,079 69,789,795 60.38%
First Consolidated Bank Inc. 1,034,951,184.84 1,363,683,144.87 75.89%
981,161,467.18 1,554,784,769.47 63.11%
924,940,715 1,609,124,965 57.48%
Life Savings Bank 35,172,000.07 59,167,925.68 59.44%
34,367,905.76 64,226,085.27 53.51%
34,201,678 63,645,807 53.74%
Microfinance Maximum SB (Maxbank) 30,663,335.03 61,461,310.99 49.89%
32,698,325.77 63,741,361.59 51.30%
30,079,719 61,712,007 48.74%
Lemery Savings & Loan Bank, Inc. 36,137,539.38 75,034,616.55 48.16%
34,063,373.04 75,034,616.55 45.40%
33,508,175 70,309,777 47.66%
Northpoint Development Bank 25,863,193.48 57,194,102.23 45.22%
26,731,268.87 58,473,177.23 45.72%
27,156,885 58,713,177 46.25%
UCPB Savings Bank 814,959,455.76 1,886,042,145.04 43.21%
824,447,663.73 1,898,798,490.84 43.42%
838,600,839 1,905,148,539 44.02%
Sterling Bank of Asia Inc. (A SB) 596,824,755.93 1,190,619,356.86 50.13%
720,860,292.05 1,612,798,867.17 44.70%
663,657,556 1,615,176,391 41.09%
Robinsons Savings Bank 1,170,870,711.81 2,314,318,928.72 50.59%
1,054,429,091.36 2,599,586,008.31 40.56%
1,054,429,091 2,599,586,008 40.56%
World Partners Bank 95,390,282.26 160,681,566.86 59.37%
67,472,503.28 177,331,708.61 38.05%
70,692,142 177,456,754 39.84%
Quezon Coconut Producers SLB 23,896,040.23 54,303,866.14 44.00%
20,594,343.62 57,249,027.19 35.97%
19,216,456 58,230,123 33.00%
Malasiqui Progressive SLB 21,058,505.59 57,973,153.04 36.32%
21,048,584.58 57,973,153.04 36.31%
18,608,370 57,996,436 32.09%
Allied Savings Bank 358,775,483.44 983,879,721.95 36.47%
349,223,975.65 996,683,174.47 35.04%
303,551,619 999,344,971 30.38%
The Queen City Development Bank 259,528,011.18 685,609,787.74 37.85%
154,556,696.85 694,530,564.40 22.25%
161,850,534 694,530,564 23.30%
Optimum Development Bank 142,488,878.81 669,683,547.67 21.28%
141,863,496.44 682,187,578.12 20.80%
138,299,700 682,094,669 20.28%
Maritime SLA Inc. 13,316,004.88 66,734,039.41 19.95%
15,637,944.69 66,734,039.41 23.43%
13,473,842 66,815,479 20.17%
BPI Direct Savings Bank 124,225,810.48 620,434,936.32 20.02%
104,808,406.42 681,100,718.48 15.39%
110,573,310 686,781,879 16.10%
Progress SLA 5,651,459.23 85,767,506.19 6.59%
5,755,292.32 85,879,775.20 6.70%
11,392,742 86,022,982 13.24%
HSBC Savings Bank (Philippines) Inc. 294,444,104.57 1,822,689,072.79 16.15%
306,361,602.65 2,301,615,321.52 13.31%
272,854,009 2,283,007,208 11.95%
Bataan SLA 8,675,561.43 79,014,317.75 10.98%
9,134,396.80 78,949,231.51 11.57%
9,339,368 78,949,232 11.83%
Bank One Savings and Trust Corp. 98,838,353.98 494,240,370.50 20.00%
63,092,255.00 515,107,000.38 12.25%
57,071,226 510,627,434 11.18%
Isla bank (A Thrift Bank) Inc. 56,067,036.87 621,455,601.99 9.02%
56,019,093.92 625,758,388.23 8.95%
55,988,006 625,764,496 8.95%
Pacific Ace Savings Bank 12,967,650.24 68,711,003.79 18.87%
13,507,271.13 71,722,910.75 18.83%
6,080,385 71,975,178 8.45%
EIB Savings Bank Inc. 6,417,709.59 69,892,198.75 9.18%
6,393,755.90 73,842,233.73 8.66%
6,187,605 73,390,851 8.43%
BPI Globe Bank Inc. Savings Bank 19,109,957.15 355,511,236.95 5.38%
27,905,564.04 335,411,294.54 8.32%
27,905,564 335,411,295 8.32%
BDO Elite Savings Bank 96,958,473.32 1,464,922,522.32 6.62%
93,326,314.25 1,470,452,260.33 6.35%
93,319,574 1,470,452,260 6.35%
Merchants Savings & Loan Association 15,178,229.59 240,410,556.71 6.31%
11,583,344.55 225,331,989.32 5.14%
12,091,790 225,626,208 5.36%
Century Savings Bank 22,888,349.10 815,090,459.16 2.81%
22,695,931.71 773,706,380.01 2.93%
29,901,032 846,826,132 3.53%
Legaspi Savings Bank 790,787,568.23 36,441,639.05 2170.01%
798,630,111.18 46,152,061.13 1730.43%
NA NA NA
Penbank







193,611,868 243,364,207 79.56%
Total 93,200,246,256.78 71,569,278,405.98 130.22%
95,898,245,621.03 78,797,427,304.86
121.70%

100,770,652,202.27 79,431,353,652.22 126.87%

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 June 30, 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.











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