Philippine Banks Deteriorate in the 2nd Qtr. of 2013

Editor's Note: 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 not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning. Regulators do 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.

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. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency, because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks  

Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks increased by Php 38.246 billion or 5.31% from March 31, 2013 to June 2013.  This increase was partially offset by a 0.29% increase in their Total Capital Cushion during the same period.  As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks increased by a substantial 5.00%, from 71.86% as of March 31, 2013 to 75.45% as of June 30, 2013. (Distressed banks are highlighted in yellow).

Those banks that posted significant improvements in this ratio include:

1. Queen City Development Bank Inc. (62.45% decrease)
2. China Bank Savings Inc. (51.12% decrease)
3. The Bank of Tokyo-Mitsubishi UFJ Ltd (48.72% decrease)
4. Asia United Bank Corporation (44.07% decrease)
5. Maritime Savings Bank (42.07% decrease)
6. Chinatrust (Phils.) Commercial Bank Corporation (34.27% decrease)
7. Mizuho Corporate Bank, Ltd. (23.45% decrease)
8. Wealth Development Bank (20.79% decrease)
9. Philippine Resources Savings Banking (19.90% decrease)
10. Cordillera Savings Bank Inc. (18.37% decrease)
11. Pacific Ace Savings Bank Inc. (17.71% decrease)
12. CityState Savings Bank Inc. (17.02% decrease)
13. Village Bank Inc. (17.02% decrease)
14. Rizal Commercial Banking Corporation (15.43% decrease)

The banks that exhibited significant deterioration in this ratio include:

1. JPMorgan Chase Bank, N.A. (1013.78% increase)
2. BDO Private Bank Inc. (321.11% increase)
3. Deutsche Bank AG (151.50% increase)
4. Quezon Coconut Bank Inc. (141.12% increase)
5. Bangkok Bank Public Co. Ltd. (81.66% increase)
6. Internationale Nederlanden Groep BK (71.52% increase)
7. Bank of America N.A. (68.97% increase)
8. Korea Exchange Bank (47.42% increase)
9. Northpoint Development Bank Inc. (32.70% increase)
10. Card SME Bank Inc. (24.98% increase)
11. BPI Family Savings Bank Inc. (23.78% increase)
12. Philippine Bank of Communications (23.33% increase)
13. Century Savings Bank Corporation (18.65% increase)
14. World Partners Bank (17.18% increase)

Distressed Banks

Three of the banks with significant increases have been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the 2nd Qtr. of 2013.  These three banks ranked as distressed showed significant deterioration in their distressed ratios as of June 30, 2013.  These banks are:

1. Deutsche Bank AG (141.50% increase)
2. Korea Exchange Bank (47.42% increase)
3. Philippine Bank of Communications (23.33% increase)

The Real Bank now ranks as the most distressed Philippine Bank.  With a Distressed Asset Ratio of 2057.98%, its Total Distressed Assets are more than twenty times its Total Capital Cushion.  The second most distressed Philippine Bank is Bank of China Limited - Manila Branch.  Its Total Distressed Assets are almost 9.88 times its Total Capital Cushion.

The list of Philippine banks classified as distressed as of June 30, 2013 are as follows:

1. The Real Bank (Distressed Ratio of 2057.98%)
2. Bank of China Limited - Manila Branch (Distressed Ratio of 988.58%)
3. Comsavings Bank (Distressed Ratio of 652.98%)
4. Village Bank Inc. (Distressed Ratio of 567.59%)
5. United Coconut Planters (Distressed Ratio of 508.63%)
6. Legazpi Savings Bank (Distressed Ratio of 475.24%)
7. Iloilo City Development Bank (Distressed Ratio of 444.43%)
8. Citibank N.A. (Distressed Ratio of 344.21%)
9. Planters Development Bank (Distressed Ratio of 264.16%)
10. Deutsche Bank AG (Distressed Ratio of 225.52%)
11. Bataan Development Bank (Distressed Ratio of 219.19%)
12. Standard Chartered Bank (Distressed Ratio of 209.39%)
13. University Savings Bank Inc. (Distressed Ratio of 202.67%)
14. Bank of Commerce (Distressed Ratio of 171.27%)
15. Farmers Savings & Loan Bank Inc. (Distressed Ratio 169.26%)
16. Business and Consumers Bank (Distressed Ratio of 160.66%)
17. Opportunity Kauswagan Bank Inc. (Distressed Ratio of 159.16%)
18. Equicom Savings Bank Inc. (Distressed Ratio of 157.99%)
19. RCBC Savings Bank Inc. (Distressed Ratio of 160.66%)
20. Korea Exchange Bank (Distressed Ratio of 140.70%)
21. Enterprise Bank Inc. (Distressed Ratio of 139.90%)
22. Malayan Bank Savings and Mortgage Bank Inc. (Distressed Ratio of 137.90%)
23. Luzon Development Bank (Distressed Ratio of 135.48%)
24. Hiyas Banking Corporation (Distressed Ratio of 130.83%)
25. Philippine Bank of Communications (Distressed Ratio of 130.54%)
26. Philippine National Bank (Distressed Ratio of 126.34%)
27. Silangan Savings & Loan Bank Inc. (Distressed Ratio of 125.55%)
28. Philippine Veterans Bank (Distressed Ratio of 115.57%)
29. Security Bank Savings Corporation (Distressed Ratio of 109.46%)
30. Microfinance Maximum SB Inc. (Distressed Ratio of 109.46%)
31. China Bank Savings Inc. (Distressed Ratio of 105.27%)
32. HongKong & Shanghai Banking Corporation (Distressed Ratio of 104.69%)

Philippine Resources Savings Banking, which had a Distressed Ratio of 100.89% as of March 31, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 80.81% as of June 30, 2013.  There was no information on The Palawan Bank Inc., which was classified as a Distressed Bank with a Distressed Ratio of 307.16% as March 31, 2013.

As a group the distressed banks showed some deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 191.94% as of June 30, 2013, up from 180.53% as of March 31, 2013.  For a list of Distressed Banks as of March 31, 2013, please check out a previous blog post: "The Top Distressed Philippine Banks as of March 31, 2013".

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2013 to June 30, 2013
In Php
Bank	June 30, 2013	March 31, 2013	Variance	% Variance
JP MORGAN CHASE BANK, N.A.	72.62%	6.52%	66.10%	1013.78%
BDO PRIVATE BANK, INC.	20.41%	4.85%	15.56%	321.11%
DEUTSCHE BANK AG	225.52%	89.67%	135.85%	151.50%
QUEZON COCONUT BANK INC (A THRIFT BANK)	53.57%	22.22%	31.35%	141.12%
BANGKOK BANK PUBLIC CO. LTD.	4.33%	2.38%	1.95%	81.66%
INTERNATIONALE NEDERLANDEN GROEP BK	58.02%	33.83%	24.19%	71.52%
BANK OF AMERICA, N.A.	8.12%	4.80%	3.31%	68.97%
KOREA EXCHANGE BANK	140.70%	95.44%	45.26%	47.42%
NORTHPOINT DEVELOPMENT BANK INC	58.41%	44.02%	14.39%	32.70%
CARD SME BANK INC A THRIFT BANK	20.68%	16.54%	4.13%	24.98%
BPI FAMILY SAVINGS BANK INC	76.97%	62.18%	14.79%	23.78%
PHILIPPINE BANK OF COMMUNICATIONS	130.54%	105.85%	24.70%	23.33%
CENTURY SAVINGS BANK CORPORATION	7.15%	6.02%	1.12%	18.65%
WORLD PARTNERS BANK (A THRIFT BANK)	93.24%	79.57%	13.67%	17.18%
UNIVERSITY SAVINGS BANK INC	202.67%	178.54%	24.13%	13.51%
CITIBANK, N.A.	344.21%	304.47%	39.74%	13.05%
BDO UNIBANK, INC.	48.47%	42.90%	5.57%	12.98%
PAMPANGA DEVELOPMENT BANK	48.79%	43.46%	5.33%	12.27%
BANK OF THE PHILIPPINE ISLANDS	48.01%	42.87%	5.13%	11.98%
SUN SAVINGS BANK INC	6.74%	6.06%	0.68%	11.28%
LUZON DEVELOPMENT BANK	135.48%	123.71%	11.77%	9.51%
SECURITY BANK CORPORATION	23.67%	21.64%	2.03%	9.38%
BANK OF CHINA LIMITED-MANILA BRANCH	988.58%	908.15%	80.43%	8.86%
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD.	90.10%	82.87%	7.23%	8.72%
COMSAVINGS BANK	652.98%	603.26%	49.72%	8.24%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	159.16%	147.38%	11.78%	7.99%
EAST WEST BANKING CORPORATION	66.39%	61.87%	4.52%	7.31%
SILANGAN SAVINGS & LOAN BANK INC	125.55%	118.22%	7.33%	6.20%
BUSINESS AND CONSUMERS BANK (A DB)	160.66%	151.46%	9.20%	6.07%
UNION BANK OF THE PHILIPPINES	84.47%	80.28%	4.20%	5.23%
UNITED OVERSEAS BANK PHILIPPINES	60.67%	58.08%	2.60%	4.47%
PHILIPPINE NATIONAL BANK	126.34%	121.65%	4.69%	3.86%
ILOILO CITY DEVELOPMENT BANK	444.43%	428.56%	15.87%	3.70%
METRO CEBU PUBLIC SAVINGS BANK	56.67%	54.66%	2.01%	3.68%
TONG YANG SAVINGS BANK INC	76.65%	73.96%	2.69%	3.64%
THE HONGKONG & SHANGHAI BANKING CORPORATION	104.69%	101.57%	3.12%	3.07%
LIFE SAVINGS BANK INC	54.10%	52.53%	1.56%	2.98%
BPI GLOBE BANKO INC A SAVINGS BANK	84.90%	82.48%	2.43%	2.94%
ENTERPRISE BANK INC (A THRIFT BANK)	139.90%	135.91%	3.99%	2.94%
METROPOLITAN BANK & TRUST COMPANY	59.53%	57.86%	1.67%	2.88%
PLANTERS DEVELOPMENT BANK	264.16%	257.29%	6.88%	2.67%
ROBINSONS BANK CORPORATION	35.51%	34.60%	0.91%	2.63%
UCPB SAVINGS BANK	67.09%	65.43%	1.67%	2.55%
BATAAN DEVELOPMENT BANK	219.19%	213.99%	5.20%	2.43%
RCBC SAVINGS BANK INC	156.39%	152.87%	3.52%	2.30%
PHILIPPINE SAVINGS BANK	85.82%	84.00%	1.82%	2.16%
STANDARD CHARTERED BANK	209.39%	205.32%	4.07%	1.98%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILIPPINES	17.85%	17.55%	0.31%	1.75%
MALAYAN BANK SAVINGS AND MORT BANK INC	137.80%	136.20%	1.60%	1.18%
ISLA BANK (A THRIFT BANK) INC	8.61%	8.54%	0.07%	0.77%
MAYBANK PHILIPPINES, INC.	40.55%	40.25%	0.31%	0.76%
CHINA BANKING CORPORATION	42.05%	41.80%	0.25%	0.60%
BATAAN SAVINGS AND LOAN BANK	13.63%	13.55%	0.08%	0.56%
DEVELOPMENT BANK OF THE PHILIPPINES	46.00%	45.76%	0.25%	0.54%
HSBC SAVINGS BANK(PHILS) INC	13.94%	13.94%	0.00%	-0.01%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	66.74%	66.81%	-0.07%	-0.10%
PRODUCERS SAVINGS BANK CORPORATION	91.65%	91.85%	-0.20%	-0.22%
FARMERS SAVINGS & LOAN BANK INC	169.26%	169.98%	-0.72%	-0.43%
CITIBANK SAVINGS INC	91.31%	91.80%	-0.49%	-0.53%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	93.00%	93.80%	-0.79%	-0.85%
SECURITY BANK SAVINGS CORPORATION	109.46%	110.40%	-0.94%	-0.85%
BANK ONE SAVINGS AND TRUST CORP.	68.18%	68.77%	-0.59%	-0.86%
CITY SAVINGS BANK INC	20.78%	20.96%	-0.19%	-0.89%
PHILIPPINE TRUST COMPANY	36.35%	36.69%	-0.34%	-0.94%
SAMPAGUITA SAVINGS BANK INC	64.28%	65.02%	-0.75%	-1.15%
BANK OF COMMERCE	171.27%	173.39%	-2.12%	-1.22%
LAND BANK OF THE PHILIPPINES	54.75%	55.46%	-0.71%	-1.29%
DUMAGUETE CITY DEV BANK INC	96.16%	97.65%	-1.49%	-1.52%
PROGRESS SAVINGS AND LOAN BANK INC	7.36%	7.48%	-0.12%	-1.67%
EQUICOM SAVINGS BANK INC	157.99%	162.17%	-4.18%	-2.58%
HIYAS BANKING CORPORATION	130.83%	135.02%	-4.19%	-3.11%
MALASIQUI PROGRESSIVE SLB, INC	30.45%	31.49%	-1.04%	-3.30%
UNITED COCONUT PLANTERS BANK	508.63%	529.04%	-20.41%	-3.86%
MICROFINANCE MAXIMUM SB INC	107.74%	112.09%	-4.35%	-3.88%
MERCHANTS SAVINGS & LOAN ASSOCIATION INC	52.77%	54.94%	-2.16%	-3.94%
PRIDE STAR DEVELOPMENT BANK INC	85.60%	89.70%	-4.10%	-4.57%
PHILIPPINE VETERANS BANK	115.57%	121.53%	-5.96%	-4.91%
ALLIED SAVINGS BANK	45.48%	48.42%	-2.94%	-6.07%
PHILIPPINE POSTAL SAVINGS BANK INC	88.32%	94.33%	-6.00%	-6.37%
DUNGGANON BANK (A MICROFINANCE THRIFT	22.87%	24.69%	-1.82%	-7.37%
BDO ELITE SAVINGS BANK INC	5.57%	6.09%	-0.52%	-8.58%
ANZ BANKING GROUP LTD.	78.77%	86.61%	-7.84%	-9.06%
TOWER DEVELOPMENT BANK	27.00%	30.17%	-3.17%	-10.49%
OPTIMUM DEVELOPMENT BANK INC	17.10%	19.21%	-2.11%	-10.99%
FIRST CONSOLIDATED BANK INC (A PDB)	50.37%	56.60%	-6.23%	-11.00%
LEMERY SAVINGS & LOAN BANK, INC.	44.31%	50.06%	-5.74%	-11.48%
PHILIPPINE BUSINESS BANK INC A SAVINGS	38.72%	44.01%	-5.29%	-12.02%
BPI DIRECT SAVINGS BANK INC	25.83%	29.91%	-4.07%	-13.62%
RIZAL COMMERCIAL BANKING CORPORATION	40.63%	48.05%	-7.42%	-15.43%
VILLAGE BANK INC (A THRIFT BANK)	567.59%	684.01%	-116.42%	-17.02%
CITYSTATE SAVINGS BANK INC	31.82%	38.67%	-6.85%	-17.71%
PACIFIC ACE SAVINGS BANK INC	13.83%	16.92%	-3.09%	-18.27%
CORDILLERA SAVINGS BANK INC	53.50%	65.54%	-12.04%	-18.37%
PHILIPPINE RESOURCES SAVINGS BANKING	80.81%	100.89%	-20.07%	-19.90%
WEALTH DEVELOPMENT BANK CORPORATION	57.21%	72.22%	-15.01%	-20.79%
MIZUHO CORPORATE BANK, LTD. - MANILA BRANCH	46.08%	60.19%	-14.11%	-23.45%
CHINATRUST (PHILS.) COMMERCIAL BANK CORPORATION	29.80%	45.34%	-15.53%	-34.27%
MARITIME SAVINGS BANK CORPORATION	52.41%	90.47%	-38.06%	-42.07%
ASIA UNITED BANK CORPORATION	47.22%	84.42%	-37.21%	-44.07%
THE BANK OF TOKYO-MITSUBISHI UFJ LTD	2.13%	4.16%	-2.03%	-48.72%
CHINA BANK SAVINGS INC	105.27%	215.36%	-110.08%	-51.12%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	20.95%	55.78%	-34.83%	-62.45%
LEGAZPI SAVINGS BANK, INC.	475.24%	NA	NA	NA
THE REAL BANK (A THRIFT BANK) INC	2057.98%	NA	NA	NA
The Palawan Bank Inc.	NA	307.16%	NA	NA
Grand Total	75.45%	71.86%	3.59%	4.99%

Source: www.bsp.gov.ph

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2011 to June 30, 2013
In Php
		June 30, 2013				March 31, 2013				Variance				% Variance
Bank	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 %)		Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
THE REAL BANK (A THRIFT BANK) INC	8,296,692,399.73	403,147,751.48	2057.98%		NA	NA	NA		NA	NA	NA		NA	NA	NA
BANK OF CHINA LIMITED-MANILA BRANCH	6,838,283,651.77	691,729,423.89	988.58%		6,226,566,132.27	685,633,584.43	908.15%		611,717,519.50	6,095,839.46	80.43%		9.82%	0.89%	8.86%
COMSAVINGS BANK	2,193,267,337.22	335,887,558.21	652.98%		2,112,944,286.62	350,256,389.87	603.26%		80,323,050.60	-14,368,831.66	49.72%		3.80%	-4.10%	8.24%
VILLAGE BANK INC (A THRIFT BANK)	494,620,969.02	87,144,473.36	567.59%		496,377,535.75	72,569,009.96	684.01%		-1,756,566.73	14,575,463.40	-116.42%		-0.35%	20.08%	-17.02%
UNITED COCONUT PLANTERS BANK	63,316,802,556.61	12,448,548,502.92	508.63%		63,212,402,369.73	11,948,563,753.86	529.04%		104,400,186.88	499,984,749.06	-20.41%		0.17%	4.18%	-3.86%
LEGAZPI SAVINGS BANK, INC.	922,546,339.95	194,120,410.23	475.24%		NA	NA	NA		NA	NA	NA		NA	NA	NA
ILOILO CITY DEVELOPMENT BANK	328,266,813.63	73,862,437.99	444.43%		319,108,798.97	74,460,161.05	428.56%		9,158,014.66	-597,723.06	15.87%		2.87%	-0.80%	3.70%
CITIBANK, N.A.	44,123,293,102.38	12,818,896,927.70	344.21%		38,981,191,355.76	12,803,154,229.50	304.47%		5,142,101,746.62	15,742,698.20	39.74%		13.19%	0.12%	13.05%
PLANTERS DEVELOPMENT BANK	11,783,198,139.89	4,460,571,956.35	264.16%		11,558,280,974.87	4,492,399,583.23	257.29%		224,917,165.02	-31,827,626.88	6.88%		1.95%	-0.71%	2.67%
DEUTSCHE BANK AG	3,265,228,734.45	1,447,862,733.62	225.52%		1,301,322,923.52	1,451,250,289.02	89.67%		1,963,905,810.93	-3,387,555.40	135.85%		150.92%	-0.23%	151.50%
BATAAN DEVELOPMENT BANK	169,143,806.97	77,165,974.30	219.19%		169,926,802.45	79,408,150.74	213.99%		-782,995.48	-2,242,176.44	5.20%		-0.46%	-2.82%	2.43%
STANDARD CHARTERED BANK	5,810,576,329.84	2,774,968,941.19	209.39%		5,808,076,301.57	2,828,803,541.61	205.32%		2,500,028.27	-53,834,600.42	4.07%		0.04%	-1.90%	1.98%
UNIVERSITY SAVINGS BANK INC	479,467,363.23	236,579,775.75	202.67%		426,379,745.66	238,815,498.62	178.54%		53,087,617.57	-2,235,722.87	24.13%		12.45%	-0.94%	13.51%
BANK OF COMMERCE	32,286,289,713.71	18,850,764,599.62	171.27%		33,113,884,699.17	19,097,682,135.51	173.39%		-827,594,985.46	-246,917,535.89	-2.12%		-2.50%	-1.29%	-1.22%
FARMERS SAVINGS & LOAN BANK INC	203,690,085.15	120,342,960.18	169.26%		206,459,550.90	121,460,323.18	169.98%		-2,769,465.75	-1,117,363.00	-0.72%		-1.34%	-0.92%	-0.43%
BUSINESS AND CONSUMERS BANK (A DB)	136,341,890.16	84,866,201.63	160.66%		125,950,251.62	83,158,250.15	151.46%		10,391,638.54	1,707,951.48	9.20%		8.25%	2.05%	6.07%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	136,393,839.68	85,693,754.49	159.16%		148,003,463.85	100,422,184.04	147.38%		-11,609,624.17	-14,728,429.55	11.78%		-7.84%	-14.67%	7.99%
EQUICOM SAVINGS BANK INC	858,055,374.71	543,104,334.15	157.99%		849,956,397.71	524,113,918.41	162.17%		8,098,977.00	18,990,415.74	-4.18%		0.95%	3.62%	-2.58%
RCBC SAVINGS BANK INC	13,378,688,171.77	8,554,603,721.31	156.39%		12,931,004,204.02	8,458,793,246.14	152.87%		447,683,967.75	95,810,475.17	3.52%		3.46%	1.13%	2.30%
KOREA EXCHANGE BANK	865,926,261.02	615,452,065.13	140.70%		547,963,102.12	574,154,130.72	95.44%		317,963,158.90	41,297,934.41	45.26%		58.03%	7.19%	47.42%
ENTERPRISE BANK INC (A THRIFT BANK)	309,741,821.27	221,400,839.94	139.90%		308,372,421.55	226,893,033.22	135.91%		1,369,399.72	-5,492,193.28	3.99%		0.44%	-2.42%	2.94%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,696,860,530.70	1,231,401,672.29	137.80%		1,631,520,959.35	1,197,907,246.98	136.20%		65,339,571.35	33,494,425.31	1.60%		4.00%	2.80%	1.18%
LUZON DEVELOPMENT BANK	678,766,438.87	501,008,291.74	135.48%		625,433,831.89	505,564,924.77	123.71%		53,332,606.98	-4,556,633.03	11.77%		8.53%	-0.90%	9.51%
HIYAS BANKING CORPORATION	224,997,467.77	171,977,277.24	130.83%		232,293,909.14	172,039,936.56	135.02%		-7,296,441.37	-62,659.32	-4.19%		-3.14%	-0.04%	-3.11%
PHILIPPINE BANK OF COMMUNICATIONS	6,254,822,665.43	4,791,341,160.87	130.54%		5,127,180,667.39	4,843,878,337.23	105.85%		1,127,641,998.04	-52,537,176.36	24.70%		21.99%	-1.08%	23.33%
PHILIPPINE NATIONAL BANK	106,130,174,251.19	84,004,145,075.40	126.34%		101,650,751,378.64	83,561,759,995.75	121.65%		4,479,422,872.55	442,385,079.65	4.69%		4.41%	0.53%	3.86%
SILANGAN SAVINGS & LOAN BANK INC	64,330,446.58	51,238,430.87	125.55%		60,573,617.94	51,238,430.87	118.22%		3,756,828.64	0.00	7.33%		6.20%	0.00%	6.20%
PHILIPPINE VETERANS BANK	8,059,523,440.09	6,973,725,217.49	115.57%		8,509,862,413.39	7,002,089,593.69	121.53%		-450,338,973.30	-28,364,376.20	-5.96%		-5.29%	-0.41%	-4.91%
SECURITY BANK SAVINGS CORPORATION	1,800,271,876.92	1,644,620,558.89	109.46%		1,959,451,355.89	1,774,788,044.47	110.40%		-159,179,478.97	-130,167,485.58	-0.94%		-8.12%	-7.33%	-0.85%
MICROFINANCE MAXIMUM SB INC	60,007,268.16	55,697,972.23	107.74%		71,037,262.18	63,374,791.71	112.09%		-11,029,994.02	-7,676,819.48	-4.35%		-15.53%	-12.11%	-3.88%
CHINA BANK SAVINGS INC	968,129,983.17	919,642,073.51	105.27%		1,992,008,426.44	924,982,941.27	215.36%		-1,023,878,443.27	-5,340,867.76	-110.08%		-51.40%	-0.58%	-51.12%
THE HONGKONG & SHANGHAI BANKING CORPORATION	5,423,830,593.83	5,180,919,192.02	104.69%		5,236,434,312.10	5,155,376,110.01	101.57%		187,396,281.73	25,543,082.01	3.12%		3.58%	0.50%	3.07%
DUMAGUETE CITY DEVELOPMENT BANK INC	214,877,432.93	223,461,033.96	96.16%		212,181,457.56	217,297,074.83	97.65%		2,695,975.37	6,163,959.13	-1.49%		1.27%	2.84%	-1.52%
WORLD PARTNERS BANK (A THRIFT BANK)	288,435,143.03	309,353,459.99	93.24%		141,516,133.02	177,860,310.22	79.57%		146,919,010.01	131,493,149.77	13.67%		103.82%	73.93%	17.18%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	266,176,250.92	286,198,061.70	93.00%		268,460,996.41	286,214,181.94	93.80%		-2,284,745.49	-16,120.24	-0.79%		-0.85%	-0.01%	-0.85%
PRODUCERS SAVINGS BANK CORPORATION	1,003,339,534.39	1,094,762,708.86	91.65%		986,967,682.63	1,074,557,352.06	91.85%		16,371,851.76	20,205,356.80	-0.20%		1.66%	1.88%	-0.22%
CITIBANK SAVINGS INC	3,756,524,098.71	4,114,074,370.30	91.31%		3,707,089,343.11	4,038,289,977.25	91.80%		49,434,755.60	75,784,393.05	-0.49%		1.33%	1.88%	-0.53%
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD.	725,947,549.98	805,678,178.60	90.10%		668,192,835.94	806,269,723.00	82.87%		57,754,714.04	-591,544.40	7.23%		8.64%	-0.07%	8.72%
PHILIPPINE POSTAL SAVINGS BANK INC	812,117,205.08	919,505,927.58	88.32%		862,108,154.35	913,967,454.19	94.33%		-49,990,949.27	5,538,473.39	-6.00%		-5.80%	0.61%	-6.37%
PHILIPPINE SAVINGS BANK	15,650,168,248.02	18,236,150,781.97	85.82%		15,547,779,242.71	18,508,339,248.39	84.00%		102,389,005.31	-272,188,466.42	1.82%		0.66%	-1.47%	2.16%
PRIDE STAR DEVELOPMENT BANK INC	63,684,187.45	74,397,380.79	85.60%		66,941,092.23	74,627,626.02	89.70%		-3,256,904.78	-230,245.23	-4.10%		-4.87%	-0.31%	-4.57%
BPI GLOBE BANKO INC A SAVINGS BANK	510,564,454.32	601,368,752.92	84.90%		462,222,172.97	560,439,118.02	82.48%		48,342,281.35	40,929,634.90	2.43%		10.46%	7.30%	2.94%
UNION BANK OF THE PHILIPPINES	42,687,999,987.03	50,533,622,148.40	84.47%		42,296,512,583.07	52,688,551,721.95	80.28%		391,487,403.96	-2,154,929,573.55	4.20%		0.93%	-4.09%	5.23%
PHILIPPINE RESOURCES SAVINGS BANKING	1,250,814,427.46	1,547,784,682.35	80.81%		1,518,138,930.73	1,504,814,681.31	100.89%		-267,324,503.27	42,970,001.04	-20.07%		-17.61%	2.86%	-19.90%
ANZ BANKING GROUP LTD.	1,963,247,795.38	2,492,347,801.95	78.77%		2,101,814,224.35	2,426,645,703.15	86.61%		-138,566,428.97	65,702,098.80	-7.84%		-6.59%	2.71%	-9.06%
BPI FAMILY SAVINGS BANK INC	15,466,618,791.96	20,094,610,163.90	76.97%		12,390,463,646.81	19,926,427,350.72	62.18%		3,076,155,145.15	168,182,813.18	14.79%		24.83%	0.84%	23.78%
TONG YANG SAVINGS BANK INC	380,861,197.76	496,857,371.46	76.65%		361,801,945.68	489,172,436.34	73.96%		19,059,252.08	7,684,935.12	2.69%		5.27%	1.57%	3.64%
JP MORGAN CHASE BANK, N.A.	1,019,402,471.31	1,403,804,000.00	72.62%		91,228,292.89	1,399,233,600.00	6.52%		928,174,178.42	4,570,400.00	66.10%		1017.42%	0.33%	1013.78%
BANK ONE SAVINGS AND TRUST CORP.	364,324,205.17	534,351,269.17	68.18%		368,212,380.63	535,403,383.73	68.77%		-3,888,175.46	-1,052,114.56	-0.59%		-1.06%	-0.20%	-0.86%
UCPB SAVINGS BANK	1,740,882,238.55	2,594,684,680.50	67.09%		1,702,616,106.61	2,602,331,669.44	65.43%		38,266,131.94	-7,646,988.94	1.67%		2.25%	-0.29%	2.55%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,354,079,881.29	2,028,825,527.90	66.74%		1,353,571,985.25	2,026,039,593.80	66.81%		507,896.04	2,785,934.10	-0.07%		0.04%	0.14%	-0.10%
EAST WEST BANKING CORPORATION	13,448,609,680.20	20,258,028,616.80	66.39%		12,414,495,873.39	20,066,410,961.86	61.87%		1,034,113,806.81	191,617,654.94	4.52%		8.33%	0.95%	7.31%
SAMPAGUITA SAVINGS BANK INC	50,740,039.95	78,941,352.97	64.28%		48,490,704.40	74,575,772.55	65.02%		2,249,335.55	4,365,580.42	-0.75%		4.64%	5.85%	-1.15%
UNITED OVERSEAS BANK PHILIPPINES	796,776,341.93	1,313,192,957.05	60.67%		797,252,581.71	1,372,705,840.63	58.08%		-476,239.78	-59,512,883.58	2.60%		-0.06%	-4.34%	4.47%
METROPOLITAN BANK & TRUST COMPANY	67,103,920,512.82	112,721,419,440.37	59.53%		65,185,952,405.94	112,655,751,057.95	57.86%		1,917,968,106.88	65,668,382.42	1.67%		2.94%	0.06%	2.88%
NORTHPOINT DEVELOPMENT BANK INC	47,246,537.75	80,887,073.69	58.41%		35,099,143.73	79,739,033.66	44.02%		12,147,394.02	1,148,040.03	14.39%		34.61%	1.44%	32.70%
INTERNATIONALE NEDERLANDEN GROEP BK	1,536,745,540.88	2,648,726,280.98	58.02%		898,242,611.48	2,655,531,906.93	33.83%		638,502,929.40	-6,805,625.95	24.19%		71.08%	-0.26%	71.52%
WEALTH DEVELOPMENT BANK CORPORATION	250,242,895.79	437,402,752.84	57.21%		304,454,400.20	421,544,146.45	72.22%		-54,211,504.41	15,858,606.39	-15.01%		-17.81%	3.76%	-20.79%
METRO CEBU PUBLIC SAVINGS BANK	36,324,131.34	64,099,611.67	56.67%		38,690,609.10	70,789,328.55	54.66%		-2,366,477.76	-6,689,716.88	2.01%		-6.12%	-9.45%	3.68%
LAND BANK OF THE PHILIPPINES	30,809,407,651.55	56,273,884,754.04	54.75%		30,602,262,628.92	55,176,261,963.48	55.46%		207,145,022.63	1,097,622,790.56	-0.71%		0.68%	1.99%	-1.29%
LIFE SAVINGS BANK INC	35,841,558.57	66,253,767.56	54.10%		34,976,115.44	66,578,200.06	52.53%		865,443.13	-324,432.50	1.56%		2.47%	-0.49%	2.98%
QUEZON COCONUT BANK INC (A THRIFT BANK)	31,394,867.47	58,606,037.28	53.57%		152,561,708.09	686,692,465.33	22.22%		-121,166,840.62	-628,086,428.05	31.35%		-79.42%	-91.47%	141.12%
CORDILLERA SAVINGS BANK INC	60,269,581.20	112,653,108.29	53.50%		74,066,552.10	113,009,018.46	65.54%		-13,796,970.90	-355,910.17	-12.04%		-18.63%	-0.31%	-18.37%
MERCHANTS SAVINGS & LOAN ASSOCIATION INC	288,362,750.86	546,403,727.42	52.77%		299,698,379.66	545,519,147.04	54.94%		-11,335,628.80	884,580.38	-2.16%		-3.78%	0.16%	-3.94%
MARITIME SAVINGS BANK CORPORATION	36,469,587.94	69,581,122.89	52.41%		64,571,724.72	71,371,831.58	90.47%		-28,102,136.78	-1,790,708.69	-38.06%		-43.52%	-2.51%	-42.07%
FIRST CONSOLIDATED BANK INC (A PDB)	1,145,444,982.97	2,273,868,281.87	50.37%		1,272,469,953.21	2,248,048,867.75	56.60%		-127,024,970.24	25,819,414.12	-6.23%		-9.98%	1.15%	-11.00%
PAMPANGA DEVELOPMENT BANK	61,604,292.80	126,272,694.59	48.79%		54,527,982.96	125,480,286.07	43.46%		7,076,309.84	792,408.52	5.33%		12.98%	0.63%	12.27%
BDO UNIBANK, INC.	83,228,227,009.56	171,722,608,997.60	48.47%		76,118,647,331.28	177,441,845,877.26	42.90%		7,109,579,678.28	-5,719,236,879.66	5.57%		9.34%	-3.22%	12.98%
BANK OF THE PHILIPPINE ISLANDS	47,430,177,269.00	98,795,615,856.91	48.01%		43,644,138,071.24	101,796,874,232.99	42.87%		3,786,039,197.76	-3,001,258,376.08	5.13%		8.67%	-2.95%	11.98%
ASIA UNITED BANK CORPORATION	9,414,456,096.86	19,939,132,704.03	47.22%		9,574,314,652.64	11,341,105,388.50	84.42%		-159,858,555.78	8,598,027,315.53	-37.21%		-1.67%	75.81%	-44.07%
MIZUHO CORPORATE BANK, LTD. - MANILA BRANCH	748,381,492.78	1,624,031,583.41	46.08%		976,812,466.95	1,622,761,195.48	60.19%		-228,430,974.17	1,270,387.93	-14.11%		-23.39%	0.08%	-23.45%
DEVELOPMENT BANK OF THE PHILIPPINES	16,997,657,920.77	36,950,526,617.34	46.00%		16,953,048,173.15	37,050,965,390.28	45.76%		44,609,747.62	-100,438,772.94	0.25%		0.26%	-0.27%	0.54%
ALLIED SAVINGS BANK	468,272,839.92	1,029,626,610.77	45.48%		499,824,134.97	1,032,242,470.70	48.42%		-31,551,295.05	-2,615,859.93	-2.94%		-6.31%	-0.25%	-6.07%
LEMERY SAVINGS & LOAN BANK, INC.	31,504,713.94	71,094,084.23	44.31%		35,588,787.10	71,094,084.23	50.06%		-4,084,073.16	0.00	-5.74%		-11.48%	0.00%	-11.48%
CHINA BANKING CORPORATION	18,718,076,906.35	44,517,432,468.25	42.05%		18,589,861,029.02	44,477,168,533.72	41.80%		128,215,877.33	40,263,934.53	0.25%		0.69%	0.09%	0.60%
RIZAL COMMERCIAL BANKING CORPORATION	18,531,069,972.77	45,606,071,310.72	40.63%		20,540,134,877.89	42,748,717,015.67	48.05%		-2,009,064,905.12	2,857,354,295.05	-7.42%		-9.78%	6.68%	-15.43%
MAYBANK PHILIPPINES, INC.	3,654,082,180.56	9,010,454,249.12	40.55%		3,654,345,354.05	9,079,475,717.27	40.25%		-263,173.49	-69,021,468.15	0.31%		-0.01%	-0.76%	0.76%
PHILIPPINE BUSINESS BANK INC A SAVINGS	2,976,454,393.78	7,688,104,210.04	38.72%		3,342,480,754.92	7,595,417,603.40	44.01%		-366,026,361.14	92,686,606.64	-5.29%		-10.95%	1.22%	-12.02%
PHILIPPINE TRUST COMPANY	6,696,234,065.69	18,421,879,406.35	36.35%		6,745,136,340.64	18,382,183,736.20	36.69%		-48,902,274.95	39,695,670.15	-0.34%		-0.73%	0.22%	-0.94%
ROBINSONS BANK CORPORATION	2,152,219,810.34	6,061,486,326.02	35.51%		2,104,079,483.94	6,081,708,945.68	34.60%		48,140,326.40	-20,222,619.66	0.91%		2.29%	-0.33%	2.63%
CITYSTATE SAVINGS BANK INC	256,569,896.67	806,301,387.23	31.82%		312,515,375.59	808,185,795.23	38.67%		-55,945,478.92	-1,884,408.00	-6.85%		-17.90%	-0.23%	-17.71%
MALASIQUI PROGRESSIVE SLB, INC	18,341,354.29	60,238,932.04	30.45%		18,888,049.74	59,987,437.99	31.49%		-546,695.45	251,494.05	-1.04%		-2.89%	0.42%	-3.30%
CHINATRUST (PHILS.) COMMERCIAL BANK CORPORATION	1,971,236,918.09	6,614,395,412.13	29.80%		2,999,396,492.50	6,615,784,871.99	45.34%		-1,028,159,574.41	-1,389,459.86	-15.53%		-34.28%	-0.02%	-34.27%
TOWER DEVELOPMENT BANK	32,621,542.44	120,813,623.14	27.00%		34,922,686.03	115,765,899.34	30.17%		-2,301,143.59	5,047,723.80	-3.17%		-6.59%	4.36%	-10.49%
BPI DIRECT SAVINGS BANK INC	246,019,354.98	952,277,854.73	25.83%		287,924,023.63	962,690,528.70	29.91%		-41,904,668.65	-10,412,673.97	-4.07%		-14.55%	-1.08%	-13.62%
SECURITY BANK CORPORATION	9,150,610,848.35	38,660,747,119.81	23.67%		8,469,118,833.16	39,137,952,338.88	21.64%		681,492,015.19	-477,205,219.07	2.03%		8.05%	-1.22%	9.38%
DUNGGANON BANK (A MICROFINANCE THRIFT	20,365,264.33	89,042,850.13	22.87%		17,276,723.25	69,970,203.97	24.69%		3,088,541.08	19,072,646.16	-1.82%		17.88%	27.26%	-7.37%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	142,913,165.15	682,273,505.85	20.95%		32,532,554.40	58,325,694.46	55.78%		110,380,610.75	623,947,811.39	-34.83%		339.29%	1069.76%	-62.45%
CITY SAVINGS BANK INC	521,917,272.53	2,511,807,134.43	20.78%		522,538,004.04	2,492,516,971.70	20.96%		-620,731.51	19,290,162.73	-0.19%		-0.12%	0.77%	-0.89%
CARD SME BANK INC A THRIFT BANK	48,689,683.44	235,488,638.18	20.68%		36,404,170.86	220,043,734.69	16.54%		12,285,512.58	15,444,903.49	4.13%		33.75%	7.02%	24.98%
BDO PRIVATE BANK, INC.	1,078,425,639.65	5,284,200,527.12	20.41%		254,937,650.87	5,260,407,527.13	4.85%		823,487,988.78	23,792,999.99	15.56%		323.02%	0.45%	321.11%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILIPPINES	79,538,288.71	445,486,889.99	17.85%		78,110,484.90	445,124,546.72	17.55%		1,427,803.81	362,343.27	0.31%		1.83%	0.08%	1.75%
OPTIMUM DEVELOPMENT BANK INC	123,550,079.34	722,623,123.19	17.10%		140,457,695.30	731,203,784.14	19.21%		-16,907,615.96	-8,580,660.95	-2.11%		-12.04%	-1.17%	-10.99%
HSBC SAVINGS BANK(PHILS) INC	378,916,054.36	2,717,679,040.23	13.94%		374,594,152.95	2,686,441,511.65	13.94%		4,321,901.41	31,237,528.58	0.00%		1.15%	1.16%	-0.01%
PACIFIC ACE SAVINGS BANK INC	10,952,823.91	79,219,210.42	13.83%		13,401,495.80	79,221,909.62	16.92%		-2,448,671.89	-2,699.20	-3.09%		-18.27%	0.00%	-18.27%
BATAAN SAVINGS AND LOAN BANK	10,428,221.79	76,527,304.60	13.63%		10,370,026.22	76,527,304.60	13.55%		58,195.57	0.00	0.08%		0.56%	0.00%	0.56%
ISLA BANK (A THRIFT BANK) INC	55,092,680.84	640,002,124.71	8.61%		55,140,865.47	645,507,292.30	8.54%		-48,184.63	-5,505,167.59	0.07%		-0.09%	-0.85%	0.77%
BANK OF AMERICA, N.A.	49,296,921.24	607,196,709.20	8.12%		29,150,755.92	606,696,709.20	4.80%		20,146,165.32	500,000.00	3.31%		69.11%	0.08%	68.97%
PROGRESS SAVINGS AND LOAN BANK INC	6,193,245.42	84,156,596.20	7.36%		6,283,919.40	83,965,899.99	7.48%		-90,673.98	190,696.21	-0.12%		-1.44%	0.23%	-1.67%
CENTURY SAVINGS BANK CORPORATION	61,241,535.62	857,054,950.39	7.15%		53,963,055.82	896,069,697.57	6.02%		7,278,479.80	-39,014,747.18	1.12%		13.49%	-4.35%	18.65%
SUN SAVINGS BANK INC	7,139,770.69	105,957,260.62	6.74%		6,239,595.75	103,038,846.69	6.06%		900,174.94	2,918,413.93	0.68%		14.43%	2.83%	11.28%
BDO ELITE SAVINGS BANK INC	86,152,623.63	1,546,549,042.92	5.57%		94,238,936.06	1,546,549,042.92	6.09%		-8,086,312.43	0.00	-0.52%		-8.58%	0.00%	-8.58%
BANGKOK BANK PUBLIC CO. LTD.	53,500,591.40	1,235,346,677.00	4.33%		29,335,883.33	1,230,488,677.00	2.38%		24,164,708.07	4,858,000.00	1.95%		82.37%	0.39%	81.66%
THE BANK OF TOKYO-MITSUBISHI UFJ LTD	48,643,612.96	2,278,627,961.84	2.13%		94,861,210.34	2,278,627,961.84	4.16%		-46,217,597.38	0.00	-2.03%		-48.72%	0.00%	-48.72%
The Palawan Bank Inc.	NA	NA	NA		80,187,590.43	26,105,838.96	307.16%		NA	NA	NA		NA	NA	NA
Grand Total	758,322,867,781.78	1,005,026,570,449.49	75.45%		720,077,366,133.58	1,002,084,138,180.98	71.86%		38,245,501,648.20	2,942,432,268.51	3.60%		5.31%	0.29%	5.00%

Source: www.bsp.gov.ph

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 Statements of Condition as of March 31, 2013 and June 30, 2013 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.