NPLs. Short for Non-Performing Loans. The NPL Ratio, or the ratio of a bank's Non-Performing Loans (NPL) to Total Loan Portfolio (TLP) is a frequently cited figure in the general media to indicate a bank's financial health, or the health of the banking system as a whole. See: http://business.inquirer.net/48943/banks-reduce-exposure-to-bad-debts-have-more-cash-to-loan-out%E2%80%94bsp.
In the Philippine Thrift Banking Industry, Non-Performing Loans stood at PHP 23.300 billion as of December 31, 2011 - approximately 6.32% of the Philippine Thrift Banking Industry's Total Loan Portfolio - Net of PHP 368.477 billion.
| Philippine Thrift Banking System | |||
| NPL as % of TLP-Net | |||
| December 31, 2011 | |||
| NPL | TLP-Net | NPL/TLP | |
| Bank | (In PHP) | (In PHP) | (In %) |
| Sun Savings Bank | 5,479,669.65 | 5,613,143.30 | 97.62% |
| Metro Cebu Public Savings Bank | 33,842,528.83 | 45,432,325.69 | 74.49% |
| Northpoint Development Bank | 16,364,881.08 | 22,765,639.31 | 71.88% |
| Pacific Ace Savings Bank | 11,084,070.76 | 16,302,407.95 | 67.99% |
| GSIS Family Bank | 217,867,697.74 | 414,547,540.92 | 52.56% |
| Real Bank (A Thrift Bank) Inc. | 3,761,343,022.96 | 8,706,190,354.98 | 43.20% |
| Bataan Development Bank | 49,547,170.51 | 133,413,107.95 | 37.14% |
| Malasiqui Progressive SLB, Inc. | 17,265,442.43 | 47,941,446.12 | 36.01% |
| Citibank Savings Inc. | 2,688,780,795.67 | 7,662,586,145.14 | 35.09% |
| Farmers Savings & Loan Bank | 55,157,424.76 | 211,427,436.21 | 26.09% |
| Lemery Savings & Loan Bank, Inc. | 18,652,187.00 | 76,162,868.67 | 24.49% |
| Hiyas Savings & Loan Bank | 68,179,670.76 | 284,207,850.43 | 23.99% |
| Progress SLA | 1,989,955.60 | 8,557,145.13 | 23.25% |
| Microfinance Maximum SB (Maxbank) | 3,336,315.55 | 16,533,625.24 | 20.18% |
| Quezon Coconut Producers SLB Inc. | 8,010,201.39 | 43,725,240.08 | 18.32% |
| Opportunity Microfinance Bank | 53,153,241.19 | 302,509,265.46 | 17.57% |
| Pampanga Development Bank | 29,496,722.29 | 179,398,634.98 | 16.44% |
| Pridestar Development Bank | 9,865,126.75 | 72,159,520.51 | 13.67% |
| Business & Consumers Bank | 11,751,821.42 | 88,347,407.10 | 13.30% |
| Premiere Development Bank | 393,266,678.29 | 3,011,871,775.91 | 13.06% |
| University Savings Bank | 55,528,391.03 | 445,365,442.53 | 12.47% |
| Cordillera Savings Bank | 16,370,965.30 | 134,708,839.40 | 12.15% |
| Village SLA, Inc. | 31,931,894.94 | 264,600,717.21 | 12.07% |
| Sampaguita SLA | 5,344,828.88 | 53,866,878.74 | 9.92% |
| Tong Yang Savings Bank Inc. | 82,586,107.99 | 843,839,513.12 | 9.79% |
| Allied Savings Bank | 214,173,045.67 | 2,204,105,877.77 | 9.72% |
| Dungganon Bank | 4,689,862.96 | 51,072,556.27 | 9.18% |
| Philippine Postal Savings Bank | 273,002,996.63 | 2,975,286,996.64 | 9.18% |
| Maritime SLA | 10,512,842.67 | 121,126,805.95 | 8.68% |
| Legazpi Savings Bank Inc. | 102,155,635.59 | 1,197,347,521.70 | 8.53% |
| Liberty Savings Bank | 9,732,755.30 | 125,740,658.72 | 7.74% |
| First Consolidated Bank | 421,499,695.76 | 5,632,128,532.05 | 7.48% |
| Penbank, Inc. | 76,715,445.49 | 1,035,877,944.05 | 7.41% |
| Planters Development Bank | 2,353,987,030.03 | 33,650,023,446.02 | 7.00% |
| Philippine Savings Bank | 4,248,590,693.36 | 66,674,151,677.06 | 6.37% |
| Optimum Development Bank | 38,214,718.52 | 605,649,194.07 | 6.31% |
| Bataan SLA | 1,976,531.02 | 32,864,812.22 | 6.01% |
| Luzon Development Bank | 84,342,263.81 | 1,440,185,947.04 | 5.86% |
| World Partners Bank (A Thrift Bank) | 39,957,315.77 | 762,693,172.00 | 5.24% |
| Sterling Bank of Asia Inc. | 761,557,701.00 | 14,910,900,955.51 | 5.11% |
| Equicom SB | 164,853,333.13 | 3,337,146,565.59 | 4.94% |
| Malayan Bank Savings & Mortgage Bank | 223,872,388.47 | 4,583,552,736.58 | 4.88% |
| Iloilo City Development Bank | 12,338,437.45 | 264,493,882.16 | 4.66% |
| Dumaguete City Development Bank | 18,114,585.98 | 399,170,146.98 | 4.54% |
| Century Savings Bank | 17,954,166.36 | 416,639,513.37 | 4.31% |
| Philippine Business Bank | 680,760,722.79 | 15,922,384,004.84 | 4.28% |
| Life Savings Bank | 2,638,855.79 | 64,209,149.03 | 4.11% |
| RCBC Savings Bank | 1,239,993,237.59 | 30,575,082,507.94 | 4.06% |
| UCPB Savings Bank | 185,362,577.92 | 5,139,046,408.94 | 3.61% |
| Tower Development Bank | 4,513,526.42 | 127,941,043.46 | 3.53% |
| BPI Family Savings Bank | 3,921,923,095.70 | 113,870,454,315.05 | 3.44% |
| Wealth Bank - A Development Bank | 51,817,961.85 | 1,555,259,710.19 | 3.33% |
| Producers Savings Bank | 121,753,296.44 | 4,465,248,691.90 | 2.73% |
| Card SME Bank Inc. (A Thrift Bank) | 8,633,315.66 | 359,510,815.82 | 2.40% |
| China Bank Savings | 54,509,441.79 | 2,288,209,713.91 | 2.38% |
| The Queen City Development Bank | 20,592,170.96 | 1,081,359,425.05 | 1.90% |
| BPI Direct Savings Bank | 87,573,792.35 | 4,842,298,644.49 | 1.81% |
| CityState Savings Bank | 25,102,705.25 | 1,434,301,479.13 | 1.75% |
| HSBC Savings Bank (Phils) Inc. | 84,603,585.27 | 9,997,386,119.36 | 0.85% |
| City Savings Bank | 72,855,315.95 | 9,925,377,092.66 | 0.73% |
| BPI Globe Banko Inc. Savings Bank | 12,702,565.90 | 2,033,191,840.18 | 0.62% |
| Merchants Savings & Loan Association Inc. | 430,465.95 | 74,672,481.19 | 0.58% |
| Isla Bank (A Thrift Bank) Inc. | 0.00 | 618,017,677.55 | 0.00% |
| United Overseas Bank Philippines | 0.00 | 590,561,616.69 | 0.00% |
| Bank One Savings and Trust Corp. | NA | NA | NA |
| BDO Elite Savings Bank | 0.00 | 0.00 | NA |
| Grand Total | 23,300,204,891.32 | 368,476,745,951.21 | 6.32% |
Source: www.bsp.gov.ph
There are nine Thrift Banks with an NPL Ratio greater than 30% of Total Loan Portfolio - Net (TLP-Net). These are as follows:
- Sun Savings Bank (formerly EIB Savings Bank: 97.62% of TLP-Net)
- Metro Cebu Public Savings Bank (74.49% of TLP-Net)
- Northpoint Development Bank (71.88% of TLP-Net)
- Pacific Ace Savings Bank (67.99% of TLP-Net)
- GSIS Family Bank (52.56% of TLP-Net)
- Real Bank (A Thrift Bank) Inc. (43.20% of TLP-Net)
- Bataan Development Bank (37.14% of TLP-Net)
- Malasiqui Progressive SLB, Inc. (36.01% of TLP-Net)
- Citibank Savings Inc. (35.09% of TLP-Net)
Of these banks, four banks are considered distressed:
- Real Bank (A Thrift Bank) Inc.
- GSIS Family Bank
- Bataan Development Bank
- Citibank Savings Inc.
The ratio of a bank's NPLs to its total Stockholders Equity (SE) maybe more important than the ratio of its NPLs to Total Loan Portfolio. The idea behind this is that NPLs are fragile things. As a loan deteriorates, its recoverable value will deteriorate as well. A foreclosure might result in a loan recovery that is a fraction of the loans original value. Therefore, banks with high NPL Ratios relative to their Stockholders Equity may face a significant loss of capital if a substantial amount of their NPLs are written of as a loss.
| Philippine Thrift Banking System | |||
| NPL as % of SE | |||
| December 31, 2011 | |||
| NPL | SE | NPL/SE | |
| Bank | (In PHP) | (In PHP) | (In %) |
| Real Bank (A Thrift Bank) Inc. | 3,761,343,022.96 | 485,472,417.97 | 774.78% |
| Citibank Savings Inc. | 2,688,780,795.67 | 1,778,267,246.43 | 151.20% |
| Bataan Development Bank | 49,547,170.51 | 67,151,915.52 | 73.78% |
| Metro Cebu Public Savings Bank | 33,842,528.83 | 47,611,835.39 | 71.08% |
| Legazpi Savings Bank Inc. | 102,155,635.59 | 176,184,787.67 | 57.98% |
| Farmers Savings & Loan Bank | 55,157,424.76 | 96,695,493.71 | 57.04% |
| Premiere Development Bank | 393,266,678.29 | 716,643,346.57 | 54.88% |
| GSIS Family Bank | 217,867,697.74 | 409,541,141.62 | 53.20% |
| Sterling Bank of Asia Inc. | 761,557,701.00 | 1,558,763,397.01 | 48.86% |
| Planters Development Bank | 2,353,987,030.03 | 4,837,392,051.52 | 48.66% |
| Hiyas Savings & Loan Bank | 68,179,670.76 | 146,893,188.34 | 46.41% |
| Village SLA, Inc. | 31,931,894.94 | 70,179,868.87 | 45.50% |
| Opportunity Microfinance Bank | 53,153,241.19 | 125,795,356.74 | 42.25% |
| Equicom SB | 164,853,333.13 | 400,880,700.00 | 41.12% |
| Philippine Postal Savings Bank | 273,002,996.63 | 687,001,256.45 | 39.74% |
| Malasiqui Progressive SLB, Inc. | 17,265,442.43 | 47,561,616.09 | 36.30% |
| Penbank, Inc. | 76,715,445.49 | 228,034,536.79 | 33.64% |
| Northpoint Development Bank | 16,364,881.08 | 51,255,200.96 | 31.93% |
| Philippine Savings Bank | 4,248,590,693.36 | 14,584,140,004.01 | 29.13% |
| University Savings Bank | 55,528,391.03 | 196,550,939.52 | 28.25% |
| BPI Family Savings Bank | 3,921,923,095.70 | 13,922,916,376.18 | 28.17% |
| Pampanga Development Bank | 29,496,722.29 | 109,115,257.91 | 27.03% |
| Lemery Savings & Loan Bank, Inc. | 18,652,187.00 | 69,668,260.33 | 26.77% |
| First Consolidated Bank | 421,499,695.76 | 1,607,830,348.37 | 26.22% |
| World Partners Bank (A Thrift Bank) | 39,957,315.77 | 161,937,999.09 | 24.67% |
| Malayan Bank Savings & Mortgage Bank | 223,872,388.47 | 971,865,947.27 | 23.04% |
| Luzon Development Bank | 84,342,263.81 | 371,751,520.19 | 22.69% |
| Allied Savings Bank | 214,173,045.67 | 987,463,043.06 | 21.69% |
| Tong Yang Savings Bank Inc. | 82,586,107.99 | 397,467,814.16 | 20.78% |
| Iloilo City Development Bank | 12,338,437.45 | 60,940,836.24 | 20.25% |
| Philippine Business Bank | 680,760,722.79 | 3,582,378,540.51 | 19.00% |
| Producers Savings Bank | 121,753,296.44 | 662,238,871.79 | 18.39% |
| RCBC Savings Bank | 1,239,993,237.59 | 7,131,496,114.04 | 17.39% |
| Cordillera Savings Bank | 16,370,965.30 | 99,454,078.20 | 16.46% |
| Liberty Savings Bank | 9,732,755.30 | 60,076,497.74 | 16.20% |
| Maritime SLA | 10,512,842.67 | 66,378,323.17 | 15.84% |
| Pacific Ace Savings Bank | 11,084,070.76 | 70,123,577.71 | 15.81% |
| Business & Consumers Bank | 11,751,821.42 | 75,041,830.71 | 15.66% |
| Pridestar Development Bank | 9,865,126.75 | 66,779,165.00 | 14.77% |
| Wealth Bank - A Development Bank | 51,817,961.85 | 358,069,342.71 | 14.47% |
| Quezon Coconut Producers SLB Inc. | 8,010,201.39 | 56,672,170.22 | 14.13% |
| BPI Direct Savings Bank | 87,573,792.35 | 725,409,794.69 | 12.07% |
| UCPB Savings Bank | 185,362,577.92 | 2,003,164,192.90 | 9.25% |
| Dumaguete City Development Bank | 18,114,585.98 | 207,953,940.23 | 8.71% |
| Sampaguita SLA | 5,344,828.88 | 64,830,597.27 | 8.24% |
| Dungganon Bank | 4,689,862.96 | 61,366,684.12 | 7.64% |
| Sun Savings Bank | 5,479,669.65 | 74,007,397.84 | 7.40% |
| Card SME Bank Inc. (A Thrift Bank) | 8,633,315.66 | 135,000,938.65 | 6.40% |
| Optimum Development Bank | 38,214,718.52 | 641,273,816.64 | 5.96% |
| Microfinance Maximum SB (Maxbank) | 3,336,315.55 | 61,760,299.06 | 5.40% |
| China Bank Savings | 54,509,441.79 | 1,293,810,766.29 | 4.21% |
| Life Savings Bank | 2,638,855.79 | 63,657,969.31 | 4.15% |
| Tower Development Bank | 4,513,526.42 | 109,714,758.28 | 4.11% |
| City Savings Bank | 72,855,315.95 | 1,775,429,527.38 | 4.10% |
| HSBC Savings Bank (Phils) Inc. | 84,603,585.27 | 2,203,663,156.78 | 3.84% |
| CityState Savings Bank | 25,102,705.25 | 785,295,250.10 | 3.20% |
| The Queen City Development Bank | 20,592,170.96 | 693,438,533.93 | 2.97% |
| BPI Globe Banko Inc. Savings Bank | 12,702,565.90 | 449,784,483.73 | 2.82% |
| Bataan SLA | 1,976,531.02 | 76,234,112.66 | 2.59% |
| Progress SLA | 1,989,955.60 | 84,450,527.37 | 2.36% |
| Century Savings Bank | 17,954,166.36 | 870,581,931.91 | 2.06% |
| Merchants Savings & Loan Association Inc. | 430,465.95 | 703,603,788.65 | 0.06% |
| BDO Elite Savings Bank | 0.00 | 1,507,551,908.05 | 0.00% |
| Isla Bank (A Thrift Bank) Inc. | 0.00 | 627,832,458.81 | 0.00% |
| United Overseas Bank Philippines | 0.00 | 699,786,740.71 | 0.00% |
| Bank One Savings and Trust Corp. | NA | NA | NA |
| Grand Total | 23,300,204,891.32 | 73,521,285,791.14 | 31.69% |
Source: www.bsp.gov.ph
Of the sixty-six thrift banks in this list, eighteen have an NPL to Stockholders Equity Ratio of 30% or more. These banks are as follows:
- Real Bank (A Thrift Bank) Inc. (774.78% of SE)
- Citibank Savings Inc. (151.20% of SE)
- Bataan Development Bank (73.78% of SE)
- Metro Cebu Public Savings Bank (71.08% of SE)
- Legazpi Savings Bank Inc. (57.98% of SE)
- Farmers Savings & Loan Bank (57.04% of SE)
- Premiere Development Bank (54.88% of SE)
- GSIS Family Bank (53.20% of SE)
- Sterling Bank of Asia Inc. (48.86% of SE)
- Planters Development Bank (48.66% of SE)
- Hiyas Savings & Loan Bank (46.41% of SE)
- Village SLA, Inc. (45.50% of SE)
- Opportunity Microfinance Bank (42.25% of SE)
- Equicom (41.12% of SE)
- Philippine Postal Savings Bank (39.74% of SE)
- Malasiqui Progressive SLB, Inc. (36.30% of SE)
- Penbank, Inc. (33.64% of SE)
- Northpoint Development Bank (31.93% of SE)
Another indicator of a bank's financial health is the level of DOSRI Loans in relation to a bank's Total Loan Portfolio. Under current banking regulations, the limit on the amount of individual loans to DOSRI, of which 70% must be secured, should not exceed a bank's parent company's regulatory capital or 15% of the bank's parent company's total loan portfolio, whichever is lower. These limits do not apply to loans secured by assets considered as non-risk as defined in the regulations. Therefore banks with significantly high DOSRI Loan to Total Loan Portfolio - Net ratios may be bumping up or exceeding the limits of compliance with DOSRI regulations.
Of the sixty-six banks listed as Thrift Banks, twenty-two reported having no DOSRI Loans. Of the forty thrift banks with DOSRI Loans, sixteen had DOSRI Loans that made up less than 1% of their Total Loan Portfolios. However, several thrift banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios. They are as follows:
- Penbank, Inc. (22.70% of TLP-Net)
- CityState Savings Bank (20.75% of TLP-Net)
- Life Savings Bank (18.11% of TLP-Net)
- Village SLA, Inc. (15.47% of TLP-Net)
| Philippine Thrift Banking System | |||
| DOSRI as % of TLP-Net | |||
| December 31, 2011 | |||
| DOSRI | TLP-Net | DOSRI/TLP-Net | |
| Bank | (In PHP) | (In PHP) | (In %) |
| Penbank, Inc. | 235,178,809.80 | 1,035,877,944.05 | 22.70% |
| CityState Savings Bank | 297,643,215.27 | 1,434,301,479.13 | 20.75% |
| Life Savings Bank | 11,629,756.61 | 64,209,149.03 | 18.11% |
| Village SLA, Inc. | 40,921,532.98 | 264,600,717.21 | 15.47% |
| World Partners Bank (A Thrift Bank) | 105,293,321.91 | 762,693,172.00 | 13.81% |
| Malasiqui Progressive SLB, Inc. | 5,450,000.00 | 47,941,446.12 | 11.37% |
| The Queen City Development Bank | 116,698,063.23 | 1,081,359,425.05 | 10.79% |
| Tower Development Bank | 12,714,529.81 | 127,941,043.46 | 9.94% |
| Pampanga Development Bank | 16,775,361.10 | 179,398,634.98 | 9.35% |
| Sampaguita SLA | 4,500,000.00 | 53,866,878.74 | 8.35% |
| Dumaguete City Development Bank | 33,058,457.51 | 399,170,146.98 | 8.28% |
| Opportunity Microfinance Bank | 21,427,087.41 | 302,509,265.46 | 7.08% |
| Philippine Postal Savings Bank | 201,990,098.44 | 2,975,286,996.64 | 6.79% |
| Century Savings Bank | 25,201,500.00 | 416,639,513.37 | 6.05% |
| Luzon Development Bank | 86,713,332.58 | 1,440,185,947.04 | 6.02% |
| Hiyas Savings & Loan Bank | 17,001,575.35 | 284,207,850.43 | 5.98% |
| Metro Cebu Public Savings Bank | 2,715,170.82 | 45,432,325.69 | 5.98% |
| Quezon Coconut Producers SLB Inc. | 2,385,174.20 | 43,725,240.08 | 5.45% |
| Maritime SLA | 5,704,416.53 | 121,126,805.95 | 4.71% |
| Cordillera Savings Bank | 4,476,401.03 | 134,708,839.40 | 3.32% |
| Producers Savings Bank | 122,599,087.54 | 4,465,248,691.90 | 2.75% |
| Philippine Business Bank | 359,732,884.00 | 15,922,384,004.84 | 2.26% |
| Legazpi Savings Bank Inc. | 26,762,705.90 | 1,197,347,521.70 | 2.24% |
| Philippine Savings Bank | 1,284,499,649.38 | 66,674,151,677.06 | 1.93% |
| GSIS Family Bank | 6,636,642.80 | 414,547,540.92 | 1.60% |
| Planters Development Bank | 489,832,129.95 | 33,650,023,446.02 | 1.46% |
| University Savings Bank | 6,058,080.83 | 445,365,442.53 | 1.36% |
| Malayan Bank Savings & Mortgage Bank | 45,142,780.98 | 4,583,552,736.58 | 0.98% |
| HSBC Savings Bank (Phils) Inc. | 91,881,822.35 | 9,997,386,119.36 | 0.92% |
| Premiere Development Bank | 21,086,668.61 | 3,011,871,775.91 | 0.70% |
| RCBC Savings Bank | 148,786,985.50 | 30,575,082,507.94 | 0.49% |
| Lemery Savings & Loan Bank, Inc. | 338,625.00 | 76,162,868.67 | 0.44% |
| China Bank Savings | 9,543,798.93 | 2,288,209,713.91 | 0.42% |
| Wealth Bank - A Development Bank | 4,857,581.93 | 1,555,259,710.19 | 0.31% |
| Tong Yang Savings Bank Inc. | 2,436,428.56 | 843,839,513.12 | 0.29% |
| First Consolidated Bank | 9,577,553.72 | 5,632,128,532.05 | 0.17% |
| Farmers Savings & Loan Bank | 352,312.75 | 211,427,436.21 | 0.17% |
| Equicom SB | 2,023,790.45 | 3,337,146,565.59 | 0.06% |
| BPI Direct Savings Bank | 2,888,909.22 | 4,842,298,644.49 | 0.06% |
| UCPB Savings Bank | 2,727,058.39 | 5,139,046,408.94 | 0.05% |
| BPI Family Savings Bank | 49,872,158.34 | 113,870,454,315.05 | 0.04% |
| Sterling Bank of Asia Inc. | 4,746,190.31 | 14,910,900,955.51 | 0.03% |
| Isla Bank (A Thrift Bank) Inc. | 54,838.79 | 618,017,677.55 | 0.01% |
| Allied Savings Bank | 0.00 | 2,204,105,877.77 | 0.00% |
| Bataan Development Bank | 0.00 | 133,413,107.95 | 0.00% |
| Bataan SLA | 0.00 | 32,864,812.22 | 0.00% |
| BPI Globe Banko Inc. Savings Bank | 0.00 | 2,033,191,840.18 | 0.00% |
| Business & Consumers Bank | 0.00 | 88,347,407.10 | 0.00% |
| Card SME Bank Inc. (A Thrift Bank) | 0.00 | 359,510,815.82 | 0.00% |
| Citibank Savings Inc. | 0.00 | 7,662,586,145.14 | 0.00% |
| City Savings Bank | 0.00 | 9,925,377,092.66 | 0.00% |
| Dungganon Bank | 0.00 | 51,072,556.27 | 0.00% |
| Iloilo City Development Bank | 0.00 | 264,493,882.16 | 0.00% |
| Liberty Savings Bank | 0.00 | 125,740,658.72 | 0.00% |
| Merchants Savings & Loan Association Inc. | 0.00 | 74,672,481.19 | 0.00% |
| Microfinance Maximum SB (Maxbank) | 0.00 | 16,533,625.24 | 0.00% |
| Northpoint Development Bank | 0.00 | 22,765,639.31 | 0.00% |
| Optimum Development Bank | 0.00 | 605,649,194.07 | 0.00% |
| Pacific Ace Savings Bank | 0.00 | 16,302,407.95 | 0.00% |
| Pridestar Development Bank | 0.00 | 72,159,520.51 | 0.00% |
| Progress SLA | 0.00 | 8,557,145.13 | 0.00% |
| Real Bank (A Thrift Bank) Inc. | 0.00 | 8,706,190,354.98 | 0.00% |
| Sun Savings Bank | 0.00 | 5,613,143.30 | 0.00% |
| United Overseas Bank Philippines | 0.00 | 590,561,616.69 | 0.00% |
| BDO Elite Savings Bank | 0.00 | 0.00 | NA |
| Bank One Savings and Trust Corp. | NA | NA | NA |
| Grand Total | 3,939,916,488.81 | 368,476,745,951.21 | 1.07% |
Source: www.bsp.gov.ph
DOSRI Rules indicate that, in the aggregate, DOSRI Loans should not exceed the total equity of the bank. Therefore banks with a significantly high DOSRI Loans as a percentage of Stockholders Equity may be approaching DOSRI Limits. In this matter, one bank stands out:
- Penbank, Inc. (103.13% of SE)
| Philippine Thrift Banking System | |||
| DOSRI as % of Stockholders Equity | |||
| December 31, 2011 | |||
| DOSRI | SE | DOSRI/SE | |
| Bank | (In PHP) | (In PHP) | (In %) |
| Penbank, Inc. | 235,178,809.80 | 228,034,536.79 | 103.13% |
| World Partners Bank (A Thrift Bank) | 105,293,321.91 | 161,937,999.09 | 65.02% |
| Village SLA, Inc. | 40,921,532.98 | 70,179,868.87 | 58.31% |
| CityState Savings Bank | 297,643,215.27 | 785,295,250.10 | 37.90% |
| Philippine Postal Savings Bank | 201,990,098.44 | 687,001,256.45 | 29.40% |
| Luzon Development Bank | 86,713,332.58 | 371,751,520.19 | 23.33% |
| Producers Savings Bank | 122,599,087.54 | 662,238,871.79 | 18.51% |
| Life Savings Bank | 11,629,756.61 | 63,657,969.31 | 18.27% |
| Opportunity Microfinance Bank | 21,427,087.41 | 125,795,356.74 | 17.03% |
| The Queen City Development Bank | 116,698,063.23 | 693,438,533.93 | 16.83% |
| Dumaguete City Development Bank | 33,058,457.51 | 207,953,940.23 | 15.90% |
| Pampanga Development Bank | 16,775,361.10 | 109,115,257.91 | 15.37% |
| Legazpi Savings Bank Inc. | 26,762,705.90 | 176,184,787.67 | 15.19% |
| Tower Development Bank | 12,714,529.81 | 109,714,758.28 | 11.59% |
| Hiyas Savings & Loan Bank | 17,001,575.35 | 146,893,188.34 | 11.57% |
| Malasiqui Progressive SLB, Inc. | 5,450,000.00 | 47,561,616.09 | 11.46% |
| Planters Development Bank | 489,832,129.95 | 4,837,392,051.52 | 10.13% |
| Philippine Business Bank | 359,732,884.00 | 3,582,378,540.51 | 10.04% |
| Philippine Savings Bank | 1,284,499,649.38 | 14,584,140,004.01 | 8.81% |
| Maritime SLA | 5,704,416.53 | 66,378,323.17 | 8.59% |
| Sampaguita SLA | 4,500,000.00 | 64,830,597.27 | 6.94% |
| Metro Cebu Public Savings Bank | 2,715,170.82 | 47,611,835.39 | 5.70% |
| Malayan Bank Savings & Mortgage Bank | 45,142,780.98 | 971,865,947.27 | 4.64% |
| Cordillera Savings Bank | 4,476,401.03 | 99,454,078.20 | 4.50% |
| Quezon Coconut Producers SLB Inc. | 2,385,174.20 | 56,672,170.22 | 4.21% |
| HSBC Savings Bank (Phils) Inc. | 91,881,822.35 | 2,203,663,156.78 | 4.17% |
| University Savings Bank | 6,058,080.83 | 196,550,939.52 | 3.08% |
| Premiere Development Bank | 21,086,668.61 | 716,643,346.57 | 2.94% |
| Century Savings Bank | 25,201,500.00 | 870,581,931.91 | 2.89% |
| RCBC Savings Bank | 148,786,985.50 | 7,131,496,114.04 | 2.09% |
| GSIS Family Bank | 6,636,642.80 | 409,541,141.62 | 1.62% |
| Wealth Bank - A Development Bank | 4,857,581.93 | 358,069,342.71 | 1.36% |
| China Bank Savings | 9,543,798.93 | 1,293,810,766.29 | 0.74% |
| Tong Yang Savings Bank Inc. | 2,436,428.56 | 397,467,814.16 | 0.61% |
| First Consolidated Bank | 9,577,553.72 | 1,607,830,348.37 | 0.60% |
| Equicom SB | 2,023,790.45 | 400,880,700.00 | 0.50% |
| Lemery Savings & Loan Bank, Inc. | 338,625.00 | 69,668,260.33 | 0.49% |
| BPI Direct Savings Bank | 2,888,909.22 | 725,409,794.69 | 0.40% |
| Farmers Savings & Loan Bank | 352,312.75 | 96,695,493.71 | 0.36% |
| BPI Family Savings Bank | 49,872,158.34 | 13,922,916,376.18 | 0.36% |
| Sterling Bank of Asia Inc. | 4,746,190.31 | 1,558,763,397.01 | 0.30% |
| UCPB Savings Bank | 2,727,058.39 | 2,003,164,192.90 | 0.14% |
| Isla Bank (A Thrift Bank) Inc. | 54,838.79 | 627,832,458.81 | 0.01% |
| Allied Savings Bank | 0.00 | 987,463,043.06 | 0.00% |
| Bataan Development Bank | 0.00 | 67,151,915.52 | 0.00% |
| Bataan SLA | 0.00 | 76,234,112.66 | 0.00% |
| BDO Elite Savings Bank | 0.00 | 1,507,551,908.05 | 0.00% |
| BPI Globe Banko Inc. Savings Bank | 0.00 | 449,784,483.73 | 0.00% |
| Business & Consumers Bank | 0.00 | 75,041,830.71 | 0.00% |
| Card SME Bank Inc. (A Thrift Bank) | 0.00 | 135,000,938.65 | 0.00% |
| Citibank Savings Inc. | 0.00 | 1,778,267,246.43 | 0.00% |
| City Savings Bank | 0.00 | 1,775,429,527.38 | 0.00% |
| Dungganon Bank | 0.00 | 61,366,684.12 | 0.00% |
| Iloilo City Development Bank | 0.00 | 60,940,836.24 | 0.00% |
| Liberty Savings Bank | 0.00 | 60,076,497.74 | 0.00% |
| Merchants Savings & Loan Association Inc. | 0.00 | 703,603,788.65 | 0.00% |
| Microfinance Maximum SB (Maxbank) | 0.00 | 61,760,299.06 | 0.00% |
| Northpoint Development Bank | 0.00 | 51,255,200.96 | 0.00% |
| Optimum Development Bank | 0.00 | 641,273,816.64 | 0.00% |
| Pacific Ace Savings Bank | 0.00 | 70,123,577.71 | 0.00% |
| Pridestar Development Bank | 0.00 | 66,779,165.00 | 0.00% |
| Progress SLA | 0.00 | 84,450,527.37 | 0.00% |
| Real Bank (A Thrift Bank) Inc. | 0.00 | 485,472,417.97 | 0.00% |
| Sun Savings Bank | 0.00 | 74,007,397.84 | 0.00% |
| United Overseas Bank Philippines | 0.00 | 699,786,740.71 | 0.00% |
| Bank One Savings and Trust Corp. | NA | NA | NA |
| Grand Total | 3,939,916,488.81 | 73,521,285,791.14 | 5.36% |
Source: www.bsp.gov.ph
Banks often take pains to avoid DOSRI Loans from falling past due. Although bank policies often state that DOSRI Loans are made “substantially on the same terms as with other individuals and businesses of comparable risks. (See Planters Development Bank Annual Report December 31, 2010). Loan underwriting standards should be tighter because a past due DOSRI loan reflects badly on the bank. DOSRI Loans that fall past due are often:
- Written off as soon as possible;
- Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
- Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due).
- Metro Cebu Public Savings Bank (100.00% of DOSRI Loans)
- Philippine Savings Bank (42.57% of DOSRI Loans)
- Opportunity Microfinance Bank (33.50% of DOSRI Loans)
- University Savings Bank (32.93% of DOSRI Loans)
| Philippine Thrift Banking System | |||
| DOSRI Past Due as % of DOSRI | |||
| December 31, 2011 | |||
| DOSRI Past Due | DOSRI | DOSRI Past Due/DOSRI | |
| Bank | (In PHP) | (In PHP) | (In %) |
| Metro Cebu Public Savings Bank | 2,715,170.82 | 2,715,170.82 | 100.00% |
| Philippine Savings Bank | 546,865,651.06 | 1,284,499,649.38 | 42.57% |
| Opportunity Microfinance Bank | 7,178,629.11 | 21,427,087.41 | 33.50% |
| University Savings Bank | 1,995,060.30 | 6,058,080.83 | 32.93% |
| Cordillera Savings Bank | 944,803.30 | 4,476,401.03 | 21.11% |
| BPI Direct Savings Bank | 0.00 | 2,888,909.22 | 0.00% |
| BPI Family Savings Bank | 0.00 | 49,872,158.34 | 0.00% |
| Century Savings Bank | 0.00 | 25,201,500.00 | 0.00% |
| China Bank Savings | 0.00 | 9,543,798.93 | 0.00% |
| CityState Savings Bank | 0.00 | 297,643,215.27 | 0.00% |
| Dumaguete City Development Bank | 0.00 | 33,058,457.51 | 0.00% |
| Equicom SB | 0.00 | 2,023,790.45 | 0.00% |
| Farmers Savings & Loan Bank | 0.00 | 352,312.75 | 0.00% |
| First Consolidated Bank | 0.00 | 9,577,553.72 | 0.00% |
| GSIS Family Bank | 0.00 | 6,636,642.80 | 0.00% |
| Hiyas Savings & Loan Bank | 0.00 | 17,001,575.35 | 0.00% |
| HSBC Savings Bank (Phils) Inc. | 0.00 | 91,881,822.35 | 0.00% |
| Isla Bank (A Thrift Bank) Inc. | 0.00 | 54,838.79 | 0.00% |
| Legazpi Savings Bank Inc. | 0.00 | 26,762,705.90 | 0.00% |
| Lemery Savings & Loan Bank, Inc. | 0.00 | 338,625.00 | 0.00% |
| Life Savings Bank | 0.00 | 11,629,756.61 | 0.00% |
| Luzon Development Bank | 0.00 | 86,713,332.58 | 0.00% |
| Malasiqui Progressive SLB, Inc. | 0.00 | 5,450,000.00 | 0.00% |
| Malayan Bank Savings & Mortgage Bank | 0.00 | 45,142,780.98 | 0.00% |
| Maritime SLA | 0.00 | 5,704,416.53 | 0.00% |
| Pampanga Development Bank | 0.00 | 16,775,361.10 | 0.00% |
| Penbank, Inc. | 0.00 | 235,178,809.80 | 0.00% |
| Philippine Business Bank | 0.00 | 359,732,884.00 | 0.00% |
| Philippine Postal Savings Bank | 0.00 | 201,990,098.44 | 0.00% |
| Planters Development Bank | 0.00 | 489,832,129.95 | 0.00% |
| Premiere Development Bank | 0.00 | 21,086,668.61 | 0.00% |
| Producers Savings Bank | 0.00 | 122,599,087.54 | 0.00% |
| Quezon Coconut Producers SLB Inc. | 0.00 | 2,385,174.20 | 0.00% |
| RCBC Savings Bank | 0.00 | 148,786,985.50 | 0.00% |
| Sampaguita SLA | 0.00 | 4,500,000.00 | 0.00% |
| Sterling Bank of Asia Inc. | 0.00 | 4,746,190.31 | 0.00% |
| The Queen City Development Bank | 0.00 | 116,698,063.23 | 0.00% |
| Tong Yang Savings Bank Inc. | 0.00 | 2,436,428.56 | 0.00% |
| Tower Development Bank | 0.00 | 12,714,529.81 | 0.00% |
| UCPB Savings Bank | 4.00 | 2,727,058.39 | 0.00% |
| Village SLA, Inc. | 0.00 | 40,921,532.98 | 0.00% |
| Wealth Bank - A Development Bank | 0.00 | 4,857,581.93 | 0.00% |
| World Partners Bank (A Thrift Bank) | 0.00 | 105,293,321.91 | 0.00% |
| Allied Savings Bank | 0.00 | 0.00 | NA |
| Bataan Development Bank | 0.00 | 0.00 | NA |
| Bataan SLA | 0.00 | 0.00 | NA |
| BDO Elite Savings Bank | 0.00 | 0.00 | NA |
| BPI Globe Banko Inc. Savings Bank | 0.00 | 0.00 | NA |
| Business & Consumers Bank | 0.00 | 0.00 | NA |
| Card SME Bank Inc. (A Thrift Bank) | 0.00 | 0.00 | NA |
| Citibank Savings Inc. | 0.00 | 0.00 | NA |
| City Savings Bank | 0.00 | 0.00 | NA |
| Dungganon Bank | 0.00 | 0.00 | NA |
| Iloilo City Development Bank | 0.00 | 0.00 | NA |
| Liberty Savings Bank | 0.00 | 0.00 | NA |
| Merchants Savings & Loan Association Inc. | 0.00 | 0.00 | NA |
| Microfinance Maximum SB (Maxbank) | 0.00 | 0.00 | NA |
| Northpoint Development Bank | 0.00 | 0.00 | NA |
| Optimum Development Bank | 0.00 | 0.00 | NA |
| Pacific Ace Savings Bank | 0.00 | 0.00 | NA |
| Pridestar Development Bank | 0.00 | 0.00 | NA |
| Progress SLA | 0.00 | 0.00 | NA |
| Real Bank (A Thrift Bank) Inc. | 0.00 | 0.00 | NA |
| Sun Savings Bank | 0.00 | 0.00 | NA |
| United Overseas Bank Philippines | 0.00 | 0.00 | NA |
| Bank One Savings and Trust Corp. | NA | NA | NA |
| Grand Total | 559,699,318.59 | 3,939,916,488.81 | 14.21% |
Source: www.bsp.gov.ph
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