The NPL and DOSRI Ratios of Philippine Thrift Banks as of March 31, 2012

Editor's Note: Data is culled from  the Published Statements of Condition of individual thrift banks found in www.bsp.gov.ph.  Banks highlighted in yellow are classified as Distressed Banks.  The level of distressed is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of March 31, 2012.  See a previous blog post: "Philippine Thrift Banks Continue to Improve in the First Quarter of 2012".

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 23.795 billion as of March 31, 2012 - approximately 6.40% of the Philippine Thrift Banking Industry's Total Loan Portfolio - Net of PHP 371.611 billion.

Philippine Thrift Banking System
NPL as % of TLP-Net
March 31, 2012
	NPL	TLP-Net	NPL/TLP
Bank	(In PHP)	(In PHP)	(In %)
Tong Yang Savings Bank Inc.	82,586,107.99	86,748,347.05	95.20%
Pacific Ace Savings Bank	10,326,264.15	13,950,992.24	74.02%
Metro Cebu Public Savings Bank	33,675,816.64	45,905,156.43	73.36%
Sun Savings Bank	5,413,145.65	7,470,492.00	72.46%
GSIS Family Bank	206,827,346.00	385,611,139.96	53.64%
Real Bank (A Thrift Bank) Inc.	3,765,789,651.56	7,629,675,656.39	49.36%
Northpoint Development Bank	6,750,426.34	15,090,419.70	44.73%
Bataan Development Bank	55,883,066.20	139,188,660.77	40.15%
Citibank Savings Inc.	2,769,382,977.32	8,167,576,087.40	33.91%
Malasiqui Progressive SLB, Inc.	15,323,442.43	50,343,390.89	30.44%
Progress SLA	1,448,663.83	4,934,961.79	29.36%
Farmers Savings & Loan Bank	54,667,710.28	224,319,155.32	24.37%
Lemery Savings & Loan Bank, Inc.	17,221,899.00	73,529,218.85	23.42%
Opportunity Microfinance Bank	57,661,348.16	258,307,531.70	22.32%
Quezon Coconut Producers SLB Inc.	9,810,798.00	46,840,537.12	20.95%
Pampanga Development Bank	37,140,866.10	184,680,075.50	20.11%
Pridestar Development Bank	10,248,881.34	56,629,195.75	18.10%
Hiyas Savings & Loan Bank	43,374,512.08	262,657,846.21	16.51%
Sampaguita SLA	7,895,893.04	54,047,734.48	14.61%
Cordillera Savings Bank	18,379,048.41	139,291,546.60	13.19%
Life Savings Bank	7,703,708.73	61,341,897.30	12.56%
Premiere Development Bank	425,136,588.02	3,421,635,034.25	12.42%
University Savings Bank	54,210,645.42	437,857,759.73	12.38%
Dungganon Bank	5,920,930.67	51,564,956.68	11.48%
Business & Consumers Bank	12,397,298.82	107,986,743.58	11.48%
Microfinance Maximum SB (Maxbank)	1,916,477.62	17,020,909.32	11.26%
Allied Savings Bank	239,298,776.13	2,175,896,565.04	11.00%
Philippine Postal Savings Bank	373,552,631.92	3,850,861,910.88	9.70%
Village SLA, Inc.	33,232,754.61	343,015,373.29	9.69%
Dumaguete City Development Bank	30,004,580.97	354,315,283.83	8.47%
Legazpi Savings Bank Inc.	105,733,016.17	1,259,518,138.34	8.39%
Penbank, Inc.	82,271,097.52	1,000,475,405.02	8.22%
Maritime SLA	9,853,227.34	121,511,419.02	8.11%
Planters Development Bank	2,605,828,697.04	33,677,345,216.71	7.74%
First Consolidated Bank	410,408,113.83	5,795,268,212.04	7.08%
Liberty Savings Bank	9,040,055.56	132,083,212.72	6.84%
Bataan SLA	2,142,391.54	31,848,093.50	6.73%
Malayan Bank Savings & Mortgage Bank	279,922,116.91	4,292,483,080.81	6.52%
Philippine Savings Bank	4,274,021,576.49	73,265,829,390.55	5.83%
Philippine Business Bank	854,700,162.63	15,691,964,103.81	5.45%
Luzon Development Bank	75,726,127.85	1,506,157,387.02	5.03%
Iloilo City Development Bank	11,729,619.24	235,808,128.74	4.97%
Optimum Development Bank	35,340,843.52	730,448,991.07	4.84%
Sterling Bank of Asia Inc.	710,444,102.80	15,211,685,967.64	4.67%
Equicom SB	147,544,963.23	3,273,381,997.24	4.51%
Wealth Bank - A Development Bank	68,732,190.20	1,648,947,807.76	4.17%
Century Savings Bank	17,416,353.20	436,080,039.22	3.99%
World Partners Bank (A Thrift Bank)	35,791,094.52	970,047,784.59	3.69%
China Bank Savings	83,162,441.11	2,330,510,633.56	3.57%
BPI Family Savings Bank	3,703,163,427.58	106,726,061,480.07	3.47%
RCBC Savings Bank	1,264,344,221.16	36,488,777,079.06	3.47%
UCPB Savings Bank	177,455,041.97	5,258,770,772.75	3.37%
Producers Savings Bank	106,009,376.42	3,386,055,428.39	3.13%
Tower Development Bank	4,696,989.89	151,043,025.98	3.11%
Card SME Bank Inc. (A Thrift Bank)	10,948,415.35	381,875,383.57	2.87%
BPI Globe Banko Inc. Savings Bank	54,482,702.37	2,143,394,141.57	2.54%
BPI Direct Savings Bank	113,996,292.61	4,761,609,952.36	2.39%
CityState Savings Bank	29,602,271.16	1,307,472,937.20	2.26%
Bank One Savings and Trust Corp.	14,606,272.53	750,749,972.10	1.95%
The Queen City Development Bank	18,363,929.54	1,143,188,503.12	1.61%
HSBC Savings Bank (Phils) Inc.	84,425,466.24	11,242,667,773.55	0.75%
Merchants Savings & Loan Association Inc.	430,465.95	156,114,940.18	0.28%
Isla Bank (A Thrift Bank) Inc.	0.00	635,270,310.76	0.00%
Philippine Resources Savings Banking Corporation	0.00	6,203,861,731.65	0.00%
United Overseas Bank Philippines	0.00	594,335,883.24	0.00%
BDO Elite Savings Bank	0.00	0.00	NA
City Savings Bank	NA	NA	NA
Grand Total	23,795,515,320.90	371,610,938,904.96	6.40%

Source: www.bsp.gov.ph

There are ten Thrift Banks with an NPL Ratio greater than 30% of Total Loan Portfolio - Net (TLP-Net).  These are as follows:

1. Tong Yang Savings Bank (95.20% of TLP-Net)
2. Pacific Ace Savings Bank (74.02% of TLP-Net)
3. Metro Cebu Public Savings Bank (73.36% of TLP-Net)
4. Sun Savings Bank (72.46% of TLP-Net)
5. GSIS Family Bank (53.64% of TLP-Net)
6. Real Bank (A Thrift Bank) Inc. (49.36% of TLP-Net)
7. Northpoint Development Bank (44.73% of TLP-Net)
8. Bataan Development Bank (40.15% of TLP-Net)
9. Citibank Savings Inc. (33.91% of TLP-Net)
10. Malasiqui Progressive SLB, Inc. (36.01% of TLP-Net)

Of these banks, three banks are considered distressed:

1. Real Bank (A Thrift Bank) Inc.
2. GSIS Family Bank
3. Bataan Development Bank

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
March 31, 2012
	NPL	SE	NPL/SE
Bank	(In PHP)	(In PHP)	(In %)
Real Bank (A Thrift Bank) Inc.	3,765,789,651.56	414,214,190.12	909.14%
Citibank Savings Inc.	2,769,382,977.32	1,799,145,045.30	153.93%
Bataan Development Bank	55,883,066.20	65,446,206.19	85.39%
Planters Development Bank	2,605,828,697.04	3,920,909,645.00	66.46%
Metro Cebu Public Savings Bank	33,675,816.64	54,922,883.27	61.31%
Legazpi Savings Bank Inc.	105,733,016.17	173,319,038.83	61.00%
Philippine Postal Savings Bank	373,552,631.92	683,228,724.70	54.67%
Farmers Savings & Loan Bank	54,667,710.28	100,352,191.63	54.48%
GSIS Family Bank	206,827,346.00	401,931,908.84	51.46%
Premiere Development Bank	425,136,588.02	845,279,683.32	50.30%
Opportunity Microfinance Bank	57,661,348.16	117,858,658.51	48.92%
Village SLA, Inc.	33,232,754.61	70,608,657.40	47.07%
Sterling Bank of Asia Inc.	710,444,102.80	1,555,929,519.71	45.66%
Penbank, Inc.	82,271,097.52	228,646,823.84	35.98%
Pampanga Development Bank	37,140,866.10	106,872,536.64	34.75%
Equicom SB	147,544,963.23	432,119,691.61	34.14%
Malasiqui Progressive SLB, Inc.	15,323,442.43	48,564,992.43	31.55%
Philippine Savings Bank	4,274,021,576.49	13,683,325,630.74	31.24%
Hiyas Savings & Loan Bank	43,374,512.08	149,483,191.62	29.02%
Malayan Bank Savings & Mortgage Bank	279,922,116.91	982,515,401.01	28.49%
University Savings Bank	54,210,645.42	200,721,237.52	27.01%
BPI Family Savings Bank	3,703,163,427.58	14,617,984,246.39	25.33%
Lemery Savings & Loan Bank, Inc.	17,221,899.00	68,848,130.94	25.01%
First Consolidated Bank	410,408,113.83	1,653,083,532.55	24.83%
Allied Savings Bank	239,298,776.13	987,645,539.61	24.23%
Philippine Business Bank	854,700,162.63	3,750,348,197.36	22.79%
World Partners Bank (A Thrift Bank)	35,791,094.52	158,061,330.50	22.64%
Tong Yang Savings Bank Inc.	82,586,107.99	400,651,248.02	20.61%
Luzon Development Bank	75,726,127.85	370,737,828.34	20.43%
Wealth Bank - A Development Bank	68,732,190.20	354,141,083.95	19.41%
Iloilo City Development Bank	11,729,619.24	62,806,972.17	18.68%
Cordillera Savings Bank	18,379,048.41	101,135,879.12	18.17%
RCBC Savings Bank	1,264,344,221.16	7,309,933,773.22	17.30%
Quezon Coconut Producers SLB Inc.	9,810,798.00	57,274,432.58	17.13%
Business & Consumers Bank	12,397,298.82	77,748,458.93	15.95%
Producers Savings Bank	106,009,376.42	681,981,328.29	15.54%
Pridestar Development Bank	10,248,881.34	67,010,048.38	15.29%
Maritime SLA	9,853,227.34	65,802,946.73	14.97%
BPI Direct Savings Bank	113,996,292.61	763,157,359.01	14.94%
Pacific Ace Savings Bank	10,326,264.15	70,624,398.54	14.62%
Liberty Savings Bank	9,040,055.56	61,922,602.42	14.60%
Dumaguete City Development Bank	30,004,580.97	207,515,182.97	14.46%
BPI Globe Banko Inc. Savings Bank	54,482,702.37	393,971,372.51	13.83%
Northpoint Development Bank	6,750,426.34	52,023,493.41	12.98%
Sampaguita SLA	7,895,893.04	65,261,993.42	12.10%
Life Savings Bank	7,703,708.73	64,102,933.58	12.02%
Dungganon Bank	5,920,930.67	61,749,945.43	9.59%
UCPB Savings Bank	177,455,041.97	2,046,424,765.25	8.67%
Card SME Bank Inc. (A Thrift Bank)	10,948,415.35	138,744,999.64	7.89%
Sun Savings Bank	5,413,145.65	73,461,155.22	7.37%
Optimum Development Bank	35,340,843.52	652,901,155.55	5.41%
China Bank Savings	83,162,441.11	1,619,129,099.96	5.14%
Tower Development Bank	4,696,989.89	110,988,323.96	4.23%
CityState Savings Bank	29,602,271.16	772,556,569.69	3.83%
Microfinance Maximum SB (Maxbank)	1,916,477.62	62,002,432.47	3.09%
HSBC Savings Bank (Phils) Inc.	84,425,466.24	2,847,092,239.48	2.97%
Bank One Savings and Trust Corp.	14,606,272.53	518,419,074.37	2.82%
Bataan SLA	2,142,391.54	77,097,040.24	2.78%
The Queen City Development Bank	18,363,929.54	675,634,494.65	2.72%
Century Savings Bank	17,416,353.20	879,562,849.66	1.98%
Progress SLA	1,448,663.83	84,391,315.66	1.72%
Merchants Savings & Loan Association Inc.	430,465.95	667,880,995.02	0.06%
BDO Elite Savings Bank	0.00	1,517,415,448.05	0.00%
Isla Bank (A Thrift Bank) Inc.	0.00	629,321,990.07	0.00%
Philippine Resources Savings Banking Corporation	0.00	1,089,509,149.18	0.00%
United Overseas Bank Philippines	0.00	700,036,768.10	0.00%
City Savings Bank	NA	NA	NA
Grand Total	23,795,515,320.90	73,723,489,982.82	32.28%

Source: www.bsp.gov.ph

Of the sixty-seven thrift banks in this list, eighteen have an NPL to Stockholders Equity Ratio of 30% or more.  These banks are as follows:

1. Real Bank (A Thrift Bank) Inc. (909.14% of SE)
2. Citibank Savings Inc. (153.93% of SE)
3. Bataan Development Bank (85.39% of SE)
4. Planters Development Bank (66.46% of SE)
5. Metro Cebu Public Savings Bank (61.31% of SE)
6. Legazpi Savings Bank Inc. (61.00% of SE)
7. Philippine Postal Savings Bank (54.67% of SE)
8. Farmers Savings & Loan Bank (54.48% of SE)
9. GSIS Family Bank (51.46% of SE)
10. Premiere Development Bank (50.30% of SE)
11. Opportunity Microfinance Bank (48.92% of SE)
12. Village SLA, Inc. (47.07% of SE)
13. Sterling Bank of Asia Inc. (45.66% of SE)
14. Penbank, Inc. (35.98% of SE)
15. Pampanga Development Bank (34.75% of SE)
16. Equicom (34.14% of SE)
17. Malasiqui Progressive SLB, Inc. (31.55% of SE)
18. Philippine Savings Bank (31.24% 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-seven banks listed as Thrift Banks, twenty-three reported having no DOSRI Loans.  Of the forty-four thrift banks with DOSRI Loans, fourteen 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:

1. CityState Savings Bank (22.86% of TLP-Net)
2. Penbank, Inc. (21.50% of TLP-Net)
3. The Queen City Development Bank (19.74% of TLP-Net)
4. Life Savings Bank (19.27% of TLP-Net)

Philippine Thrift Banking System
DOSRI as % of TLP-Net
March 31, 2012
	DOSRI	TLP-Net	DOSRI/TLP-Net
Bank	(In PHP)	(In PHP)	(In %)
CityState Savings Bank	298,874,841.51	1,307,472,937.20	22.86%
Penbank, Inc.	215,058,412.64	1,000,475,405.02	21.50%
The Queen City Development Bank	225,714,851.10	1,143,188,503.12	19.74%
Life Savings Bank	11,819,309.46	61,341,897.30	19.27%
Village SLA, Inc.	40,923,118.47	343,015,373.29	11.93%
World Partners Bank (A Thrift Bank)	113,402,029.20	970,047,784.59	11.69%
Malasiqui Progressive SLB, Inc.	5,450,000.00	50,343,390.89	10.83%
Pampanga Development Bank	19,428,559.35	184,680,075.50	10.52%
Tower Development Bank	14,688,267.17	151,043,025.98	9.72%
Sampaguita SLA	4,500,000.00	54,047,734.48	8.33%
Opportunity Microfinance Bank	20,878,734.21	258,307,531.70	8.08%
Dumaguete City Development Bank	24,056,064.22	354,315,283.83	6.79%
Hiyas Savings & Loan Bank	16,214,811.51	262,657,846.21	6.17%
Metro Cebu Public Savings Bank	2,715,170.82	45,905,156.43	5.91%
Century Savings Bank	25,201,500.00	436,080,039.22	5.78%
Luzon Development Bank	86,998,159.83	1,506,157,387.02	5.78%
Quezon Coconut Producers SLB Inc.	2,475,393.44	46,840,537.12	5.28%
Philippine Postal Savings Bank	196,393,464.38	3,850,861,910.88	5.10%
Maritime SLA	5,186,388.60	121,511,419.02	4.27%
Bank One Savings and Trust Corp.	29,900,000.00	750,749,972.10	3.98%
Cordillera Savings Bank	5,471,336.56	139,291,546.60	3.93%
Philippine Savings Bank	2,715,774,227.86	73,265,829,390.55	3.71%
Producers Savings Bank	122,899,087.54	3,386,055,428.39	3.63%
Tong Yang Savings Bank Inc.	2,367,157.04	86,748,347.05	2.73%
Wealth Bank - A Development Bank	44,218,504.25	1,648,947,807.76	2.68%
Legazpi Savings Bank Inc.	26,759,204.93	1,259,518,138.34	2.12%
Planters Development Bank	570,041,860.67	33,677,345,216.71	1.69%
GSIS Family Bank	6,186,347.77	385,611,139.96	1.60%
University Savings Bank	5,740,943.53	437,857,759.73	1.31%
Malayan Bank Savings & Mortgage Bank	43,333,916.98	4,292,483,080.81	1.01%
HSBC Savings Bank (Phils) Inc.	94,972,510.05	11,242,667,773.55	0.84%
Premiere Development Bank	19,449,488.66	3,421,635,034.25	0.57%
Lemery Savings & Loan Bank, Inc.	349,300.00	73,529,218.85	0.48%
China Bank Savings	9,464,188.61	2,330,510,633.56	0.41%
RCBC Savings Bank	145,300,702.66	36,488,777,079.06	0.40%
First Consolidated Bank	9,467,710.88	5,795,268,212.04	0.16%
Farmers Savings & Loan Bank	328,331.63	224,319,155.32	0.15%
Philippine Business Bank	22,446,874.96	15,691,964,103.81	0.14%
Equicom SB	2,066,961.38	3,273,381,997.24	0.06%
BPI Direct Savings Bank	2,601,282.70	4,761,609,952.36	0.05%
UCPB Savings Bank	2,870,434.99	5,258,770,772.75	0.05%
BPI Family Savings Bank	48,311,526.08	106,726,061,480.07	0.05%
Sterling Bank of Asia Inc.	3,953,695.95	15,211,685,967.64	0.03%
Isla Bank (A Thrift Bank) Inc.	23,036.14	635,270,310.76	0.00%
Allied Savings Bank	0.00	2,175,896,565.04	0.00%
Bataan Development Bank	0.00	139,188,660.77	0.00%
Bataan SLA	0.00	31,848,093.50	0.00%
BPI Globe Banko Inc. Savings Bank	0.00	2,143,394,141.57	0.00%
Business & Consumers Bank	0.00	107,986,743.58	0.00%
Card SME Bank Inc. (A Thrift Bank)	0.00	381,875,383.57	0.00%
Citibank Savings Inc.	0.00	8,167,576,087.40	0.00%
Dungganon Bank	0.00	51,564,956.68	0.00%
Iloilo City Development Bank	0.00	235,808,128.74	0.00%
Liberty Savings Bank	0.00	132,083,212.72	0.00%
Merchants Savings & Loan Association Inc.	0.00	156,114,940.18	0.00%
Microfinance Maximum SB (Maxbank)	0.00	17,020,909.32	0.00%
Northpoint Development Bank	0.00	15,090,419.70	0.00%
Optimum Development Bank	0.00	730,448,991.07	0.00%
Pacific Ace Savings Bank	0.00	13,950,992.24	0.00%
Philippine Resources Savings Banking Corporation	0.00	6,203,861,731.65	0.00%
Pridestar Development Bank	0.00	56,629,195.75	0.00%
Progress SLA	0.00	4,934,961.79	0.00%
Real Bank (A Thrift Bank) Inc.	0.00	7,629,675,656.39	0.00%
Sun Savings Bank	0.00	7,470,492.00	0.00%
United Overseas Bank Philippines	0.00	594,335,883.24	0.00%
BDO Elite Savings Bank	0.00	0.00	NA
City Savings Bank	NA	NA	NA
Grand Total	5,264,277,707.73	371,610,938,904.96	1.42%

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.

Philippine Thrift Banking System
DOSRI as % of Stockholders Equity
March 31, 2012
	DOSRI	SE	DOSRI/SE
Bank	(In PHP)	(In PHP)	(In %)
Penbank, Inc.	215,058,412.64	228,646,823.84	94.06%
World Partners Bank (A Thrift Bank)	113,402,029.20	158,061,330.50	71.75%
Village SLA, Inc.	40,923,118.47	70,608,657.40	57.96%
CityState Savings Bank	298,874,841.51	772,556,569.69	38.69%
The Queen City Development Bank	225,714,851.10	675,634,494.65	33.41%
Philippine Postal Savings Bank	196,393,464.38	683,228,724.70	28.74%
Luzon Development Bank	86,998,159.83	370,737,828.34	23.47%
Philippine Savings Bank	2,715,774,227.86	13,683,325,630.74	19.85%
Life Savings Bank	11,819,309.46	64,102,933.58	18.44%
Pampanga Development Bank	19,428,559.35	106,872,536.64	18.18%
Producers Savings Bank	122,899,087.54	681,981,328.29	18.02%
Opportunity Microfinance Bank	20,878,734.21	117,858,658.51	17.72%
Legazpi Savings Bank Inc.	26,759,204.93	173,319,038.83	15.44%
Planters Development Bank	570,041,860.67	3,920,909,645.00	14.54%
Tower Development Bank	14,688,267.17	110,988,323.96	13.23%
Dumaguete City Development Bank	24,056,064.22	207,515,182.97	11.59%
Malasiqui Progressive SLB, Inc.	5,450,000.00	48,564,992.43	11.22%
Hiyas Savings & Loan Bank	16,214,811.51	149,483,191.62	10.85%
Maritime SLA	5,186,388.60	65,802,946.73	7.88%
Sampaguita SLA	4,500,000.00	65,261,993.42	6.90%
Bank One Savings and Trust Corp.	29,900,000.00	518,419,074.37	5.77%
Cordillera Savings Bank	5,471,336.56	101,135,879.12	5.41%
Metro Cebu Public Savings Bank	2,715,170.82	54,922,883.27	4.94%
Malayan Bank Savings & Mortgage Bank	43,333,916.98	982,515,401.01	4.41%
Quezon Coconut Producers SLB Inc.	2,475,393.44	57,274,432.58	4.32%
HSBC Savings Bank (Phils) Inc.	94,972,510.05	2,847,092,239.48	3.34%
Century Savings Bank	25,201,500.00	879,562,849.66	2.87%
University Savings Bank	5,740,943.53	200,721,237.52	2.86%
Premiere Development Bank	19,449,488.66	845,279,683.32	2.30%
RCBC Savings Bank	145,300,702.66	7,309,933,773.22	1.99%
GSIS Family Bank	6,186,347.77	401,931,908.84	1.54%
Philippine Business Bank	22,446,874.96	3,750,348,197.36	0.60%
Tong Yang Savings Bank Inc.	2,367,157.04	400,651,248.02	0.59%
China Bank Savings	9,464,188.61	1,619,129,099.96	0.58%
First Consolidated Bank	9,467,710.88	1,653,083,532.55	0.57%
Lemery Savings & Loan Bank, Inc.	349,300.00	68,848,130.94	0.51%
Equicom SB	2,066,961.38	432,119,691.61	0.48%
BPI Direct Savings Bank	2,601,282.70	763,157,359.01	0.34%
BPI Family Savings Bank	48,311,526.08	14,617,984,246.39	0.33%
Farmers Savings & Loan Bank	328,331.63	100,352,191.63	0.33%
Sterling Bank of Asia Inc.	3,953,695.95	1,555,929,519.71	0.25%
UCPB Savings Bank	2,870,434.99	2,046,424,765.25	0.14%
Isla Bank (A Thrift Bank) Inc.	23,036.14	629,321,990.07	0.00%
Allied Savings Bank	0.00	987,645,539.61	0.00%
Bataan Development Bank	0.00	65,446,206.19	0.00%
Bataan SLA	0.00	77,097,040.24	0.00%
BDO Elite Savings Bank	0.00	1,517,415,448.05	0.00%
BPI Globe Banko Inc. Savings Bank	0.00	393,971,372.51	0.00%
Business & Consumers Bank	0.00	77,748,458.93	0.00%
Card SME Bank Inc. (A Thrift Bank)	0.00	138,744,999.64	0.00%
Citibank Savings Inc.	0.00	1,799,145,045.30	0.00%
Dungganon Bank	0.00	61,749,945.43	0.00%
Iloilo City Development Bank	0.00	62,806,972.17	0.00%
Liberty Savings Bank	0.00	61,922,602.42	0.00%
Merchants Savings & Loan Association Inc.	0.00	667,880,995.02	0.00%
Microfinance Maximum SB (Maxbank)	0.00	62,002,432.47	0.00%
Northpoint Development Bank	0.00	52,023,493.41	0.00%
Optimum Development Bank	0.00	652,901,155.55	0.00%
Pacific Ace Savings Bank	0.00	70,624,398.54	0.00%
Philippine Resources Savings Banking Corporation	0.00	1,089,509,149.18	0.00%
Pridestar Development Bank	0.00	67,010,048.38	0.00%
Progress SLA	0.00	84,391,315.66	0.00%
Real Bank (A Thrift Bank) Inc.	0.00	414,214,190.12	0.00%
Sun Savings Bank	0.00	73,461,155.22	0.00%
United Overseas Bank Philippines	0.00	700,036,768.10	0.00%
City Savings Bank	NA	NA	NA
Wealth Bank - A Development Bank	44,218,504.25	354,141,083.95	NA
Grand Total	5,264,277,707.73	73,723,489,982.82	7.14%

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:

1. Written off as soon as possible;
2. Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
3. Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due). 

As a result, the Thrift Bank Industry reported that PHP 566.031 billion, or 10.75% of its DOSRI Loans fell past due as of March 31, 2012.  This ratio is almost double the Thrift Bank Industry's NPL to TLP-Net Ratio of 6.40% as of the same period.  Of the forty-four banks with DOSRI Loans, thirty-eight had zero past due DOSRI Loans.  Of the six remaining banks  in this list, three had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio.  These three are as follows:

1. Metro Cebu Public Savings Bank (100.00% of DOSRI Loans)
2. Opportunity Microfinance Bank (68.24% of DOSRI Loans)
3. Cordillera Savings Bank (32.37% of DOSRI Loans)

Philippine Thrift Banking System
DOSRI Past Due as % of DOSRI
March 31, 2012
	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%
Opportunity Microfinance Bank	14,248,458.30	20,878,734.21	68.24%
Cordillera Savings Bank	1,771,325.87	5,471,336.56	32.37%
Philippine Savings Bank	546,865,651.06	2,715,774,227.86	20.14%
University Savings Bank	430,427.54	5,740,943.53	7.50%
UCPB Savings Bank	4.00	2,870,434.99	0.00%
Bank One Savings and Trust Corp.	0.00	29,900,000.00	0.00%
BPI Direct Savings Bank	0.00	2,601,282.70	0.00%
BPI Family Savings Bank	0.00	48,311,526.08	0.00%
Century Savings Bank	0.00	25,201,500.00	0.00%
China Bank Savings	0.00	9,464,188.61	0.00%
CityState Savings Bank	0.00	298,874,841.51	0.00%
Dumaguete City Development Bank	0.00	24,056,064.22	0.00%
Equicom SB	0.00	2,066,961.38	0.00%
Farmers Savings & Loan Bank	0.00	328,331.63	0.00%
First Consolidated Bank	0.00	9,467,710.88	0.00%
GSIS Family Bank	0.00	6,186,347.77	0.00%
Hiyas Savings & Loan Bank	0.00	16,214,811.51	0.00%
HSBC Savings Bank (Phils) Inc.	0.00	94,972,510.05	0.00%
Isla Bank (A Thrift Bank) Inc.	0.00	23,036.14	0.00%
Legazpi Savings Bank Inc.	0.00	26,759,204.93	0.00%
Lemery Savings & Loan Bank, Inc.	0.00	349,300.00	0.00%
Life Savings Bank	0.00	11,819,309.46	0.00%
Luzon Development Bank	0.00	86,998,159.83	0.00%
Malasiqui Progressive SLB, Inc.	0.00	5,450,000.00	0.00%
Malayan Bank Savings & Mortgage Bank	0.00	43,333,916.98	0.00%
Maritime SLA	0.00	5,186,388.60	0.00%
Pampanga Development Bank	0.00	19,428,559.35	0.00%
Penbank, Inc.	0.00	215,058,412.64	0.00%
Philippine Business Bank	0.00	22,446,874.96	0.00%
Philippine Postal Savings Bank	0.00	196,393,464.38	0.00%
Planters Development Bank	0.00	570,041,860.67	0.00%
Premiere Development Bank	0.00	19,449,488.66	0.00%
Producers Savings Bank	0.00	122,899,087.54	0.00%
Quezon Coconut Producers SLB Inc.	0.00	2,475,393.44	0.00%
RCBC Savings Bank	0.00	145,300,702.66	0.00%
Sampaguita SLA	0.00	4,500,000.00	0.00%
Sterling Bank of Asia Inc.	0.00	3,953,695.95	0.00%
The Queen City Development Bank	0.00	225,714,851.10	0.00%
Tong Yang Savings Bank Inc.	0.00	2,367,157.04	0.00%
Tower Development Bank	0.00	14,688,267.17	0.00%
Village SLA, Inc.	0.00	40,923,118.47	0.00%
Wealth Bank - A Development Bank	0.00	44,218,504.25	0.00%
World Partners Bank (A Thrift Bank)	0.00	113,402,029.20	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
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
Philippine Resources Savings Banking Corporation	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
City Savings Bank	NA	NA	NA
Grand Total	566,031,037.59	5,264,277,707.73	10.75%

Source: www.bsp.gov.ph