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. A bank that has a Distressed Ratio greater than 100% is flagged as borderline insolvent. For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks
This is a list of the top distressed Universal and Commercial (U/KB) as well as Thrift Banks in the Philippines as of June 30, 2013. It updates the five previous blog posts: "The Top Distressed Philippine Banks as of March 31, 2013", "The Top Distressed Philippine Banks as of December 31, 2012", "The Top Distressed Philippine Banks as of September 30, 2012", "The Top Distressed Philippine Banks as of June 30, 2012" and "The Top Distressed Philippine Banks as of March 31, 2012".
To see where your bank stands relative to these banks, please check the previous blog post: "Philippine Banks Deteriorate in the 2nd Qtr. of 2013"
Top Distressed Philippine Banks | ||||
By Total Distressed Assets/ Total Capital Cushion | ||||
Jun 30, 2013 | ||||
In Php | ||||
Jun 30, 2013 | ||||
Bank | Type of Bank | Total Distressed Assets (In PhP) | Total Capital Cushion (In PhP) | Distressed Assets/ Total Capital Cushion (In %) |
THE REAL BANK (A THRIFT BANK) INC | Thrift | 8,296,692,399.73 | 403,147,751.48 | 2057.98% |
BANK OF CHINA LIMITED-MANILA BRANCH | U/KB | 6,838,283,651.77 | 691,729,423.89 | 988.58% |
COMSAVINGS BANK | Thrift | 2,193,267,337.22 | 335,887,558.21 | 652.98% |
VILLAGE BANK INC (A THRIFT BANK) | Thrift | 494,620,969.02 | 87,144,473.36 | 567.59% |
UNITED COCONUT PLANTERS BANK | U/KB | 63,316,802,556.61 | 12,448,548,502.92 | 508.63% |
LEGAZPI SAVINGS BANK, INC. | Thrift | 922,546,339.95 | 194,120,410.23 | 475.24% |
ILOILO CITY DEVELOPMENT BANK | Thrift | 328,266,813.63 | 73,862,437.99 | 444.43% |
CITIBANK, N.A. | U/KB | 44,123,293,102.38 | 12,818,896,927.70 | 344.21% |
PLANTERS DEVELOPMENT BANK | Thrift | 11,783,198,139.89 | 4,460,571,956.35 | 264.16% |
DEUTSCHE BANK AG | U/KB | 3,265,228,734.45 | 1,447,862,733.62 | 225.52% |
BATAAN DEVELOPMENT BANK | Thrift | 169,143,806.97 | 77,165,974.30 | 219.19% |
STANDARD CHARTERED BANK | U/KB | 5,810,576,329.84 | 2,774,968,941.19 | 209.39% |
UNIVERSITY SAVINGS BANK INC | Thrift | 479,467,363.23 | 236,579,775.75 | 202.67% |
BANK OF COMMERCE | U/KB | 32,286,289,713.71 | 18,850,764,599.62 | 171.27% |
FARMERS SAVINGS & LOAN BANK INC | Thrift | 203,690,085.15 | 120,342,960.18 | 169.26% |
BUSINESS AND CONSUMERS BANK (A DB) | Thrift | 136,341,890.16 | 84,866,201.63 | 160.66% |
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | 136,393,839.68 | 85,693,754.49 | 159.16% |
EQUICOM SAVINGS BANK INC | Thrift | 858,055,374.71 | 543,104,334.15 | 157.99% |
RCBC SAVINGS BANK INC | Thrift | 13,378,688,171.77 | 8,554,603,721.31 | 156.39% |
KOREA EXCHANGE BANK | U/KB | 865,926,261.02 | 615,452,065.13 | 140.70% |
ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | 309,741,821.27 | 221,400,839.94 | 139.90% |
MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | 1,696,860,530.70 | 1,231,401,672.29 | 137.80% |
LUZON DEVELOPMENT BANK | Thrift | 678,766,438.87 | 501,008,291.74 | 135.48% |
HIYAS BANKING CORPORATION | Thrift | 224,997,467.77 | 171,977,277.24 | 130.83% |
PHILIPPINE BANK OF COMMUNICATIONS | U/KB | 6,254,822,665.43 | 4,791,341,160.87 | 130.54% |
PHILIPPINE NATIONAL BANK | U/KB | 106,130,174,251.19 | 84,004,145,075.40 | 126.34% |
SILANGAN SAVINGS & LOAN BANK INC | Thrift | 64,330,446.58 | 51,238,430.87 | 125.55% |
PHILIPPINE VETERANS BANK | U/KB | 8,059,523,440.09 | 6,973,725,217.49 | 115.57% |
SECURITY BANK SAVINGS CORPORATION | Thrift | 1,800,271,876.92 | 1,644,620,558.89 | 109.46% |
MICROFINANCE MAXIMUM SB INC | Thrift | 60,007,268.16 | 55,697,972.23 | 107.74% |
CHINA BANK SAVINGS INC | Thrift | 968,129,983.17 | 919,642,073.51 | 105.27% |
THE HONGKONG & SHANGHAI BANKING CORPORATION | U/KB | 5,423,830,593.83 | 5,180,919,192.02 | 104.69% |
Grand Total | 327,558,229,664.87 | 170,652,432,265.99 | 191.94% |
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' statement of condition as of 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.
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, 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.
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