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Tuesday, May 27, 2014

Philippine Banks Improve in the 4th 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 decreased by Php 33.281 billion or 5.17% from September 30, 2013 to December 31, 2013.  This decrease was supplemented by a 2.63% 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 decreased by a substantial 7.59%, from 64.38% as of September 30, 2013 to 59.49% as of December 31, 2013. (Distressed banks are highlighted in yellow).

Those banks that posted significant improvements in this ratio include:

  1. The Bank of Tokyo-Mitsubishi UFJ (77.72% decrease)
  2. Deutsche Bank AG (52.59% decrease)
  3. JP Morgan Chase Bank National Association (50.28% decrease)
  4. Pacific Ace Savings Bank Inc (46.30% decrease)
  5. CityState Savings Bank (45.14% decrease)
  6. Tong Yang Savings Bank Inc. (43.64% decrease)
  7. The Real Bank (35.08% decrease)
  8. Mizuho Bank Ltd - Manila Branch (32.32% decrease)
  9. Philippine Business Bank (30.95% decrease)
  10. HSBC Savings Bank (29.58% decrease)
  11. Metropolitan Bank & Trust Co. (23.14% decrease)
  12. The Palawan Bank (22.01% decrease)
  13. Korea Exchange Bank (21.03% decrease)
  14. Merchants Savings & Loan Association Inc. (20.20% decrease)
  15. Farmers Savings and Loan Bank (19.22% decrease)
  16. Luzon Development Bank (18.17% decrease)
  17. Asia United Bank Corporation (18.08% decrease)
  18. Philippine National Bank (16.72% decrease)
  19. UCPB Savings Bank (15.74% decrease)
  20. United Coconut Planters Bank (15.06% decrease)

The banks that exhibited significant deterioration in this ratio include:
  1. Dungganon Bank (120.59% increase)
  2. Comsavings Bank (89.07% increase)
  3. Bank of America N.A. (69.69% increase)
  4. City Savings Bank Inc. (59.55% increase)
  5. Wealth Development Bank Corporation (55.85% increase)
  6. Optimum Development Bank (36.58% increase)
  7. BPI Globe Banko Inc. (35.45% increase)
  8. Metro Cebu Public Savings Bank (33.18% increase)
  9. Robinsons Bank Corporation (26.37% increase)
  10. Citibank, N.A. (25.85% increase)
  11. Rizal Commercial Banking Corporation (25.84% increase)
  12. Opportunity Kauswagan Bank Inc. (22.62% increase)
  13. Philippine Veterans Bank (18.13% increase)
  14. Bank of China Limited - Manila Branch (17.75% increase)
  15. Business and Consumers Bank (16.96% increase)
  16. Development Bank of the Philippines (16.14% increase)
  17. Enterprise Bank Inc. (15.79% increase)

Distressed Banks


Six 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 4th Qtr. of 2013.  These four banks ranked as distressed showed significant deterioration in their distressed ratios as of December 31, 2013.  These banks are:


  1. Comsavings Bank (89.07% increase)
  2. Citibank, N.A. (25.85% increase)
  3. Opportunity Kauswagan Bank Inc. (22.62% increase)
  4. Bank of China Limited - Manila Branch (17.75% increase)
  5. Business and Consumers Bank (16.96% increase)
  6. Enterprise Bank Inc. (15.79% increase)
The Real Bank still ranks as the most distressed Philippine Bank.  With a Distressed Asset Ratio of 1240.06%, its Total Distressed Assets are more than twelve times its Total Capital Cushion.  The second most distressed Philippine Bank is Bank of China Limited - Manila Branch.  Its Total Distressed Assets are over nine times its Total Capital Cushion.

The list of Philippine Banks classified as distressed as of December 31, 2013 are as follows:

  1. The Real Bank (Distressed Ratio of 1240.06%)
  2. Bank of China Limited - Manila Branch (Distressed Ratio of 941.17%)
  3. Comsavings Bank (Distressed Ratio of 830.28%)
  4. Village Bank Inc. (Distressed Ratio of 739.25%)
  5. United Coconut Planters (Distressed Ratio of 379.21%)
  6. Inter-Asia Development Bank (Distressed Ratio of 249.74%)
  7. Citibank, N.A. (Distressed Ratio of 243.61%)
  8. Planters Development Bank (Distressed Ratio of 217.86%)
  9. World Partners Bank (Distressed Ratio of 187.91%)
  10. University Savings Bank Inc. (Distressed Ratio of 176.94%)
  11. Enterprise Bank Inc. (Distressed Ratio of 175.13%)
  12. Opportunity Kauswagan Bank Inc. (Distressed Ratio of 157.17%)
  13. Bank of Commerce (Distressed Ratio of 152.79%)
  14. Bataan Development Bank (Distressed Ratio of 151.03%)
  15. Business and Consumers Bank (Distressed Ratio of 147.47%)
  16. Philippine Bank of Communications (Distressed Ratio of 146.98%)
  17. Equicom Savings Bank Inc. (Distressed Ratio of 131.03%)
  18. RCBC Savings Bank Inc. (Distressed Ratio of 126.71%)
  19. China Bank Savings Inc. (Distressed Ratio of 119.62%)
  20. Microfinance Maximum SB Inc. (Distressed Ratio of 100.25%)


Departures

Sterling Bank of Asia Inc., which had a Distressed Ratio of 107.98% as of September 30, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 87.22% as of December 31, 2013.  Similarly, Korea Exchange Bank, which had a Distressed Ratio of 104.74% as of September 30, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 82.72% as of December 31, 2013.  Iloilo City Development Bank, which had a Distressed Ratio of 460.68% as of September 30, 2013, did not have any Published Statement of Condition as of December 31, 2013.

As a group the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 28.24% as of December 31, 2013, down from 233.94% as of September 30, 2013.  


Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2013 to December 31, 2013
In %















Bank December 31, 2013 September 30, 2013 Variance % Variance
DUNGGANON BANK (A MICROFINANCE THRIFT 54.87% 24.87% 30.00% 120.59%
COMSAVINGS BANK 830.28% 439.14% 391.13% 89.07%
BANK OF AMERICA N.A. 5.77% 3.40% 2.37% 69.69%
CITY SAVINGS BANK INC 33.54% 21.02% 12.52% 59.55%
WEALTH DEVELOPMENT BANK CORPORATION 83.09% 53.31% 29.78% 55.85%
OPTIMUM DEVELOPMENT BANK INC 17.86% 13.07% 4.78% 36.58%
BPI GLOBE BANKO INC A SAVINGS BANK 75.10% 55.44% 19.66% 35.45%
METRO CEBU PUBLIC SAVINGS BANK 54.47% 40.90% 13.57% 33.18%
ROBINSONS BANK CORPORATION 44.76% 35.42% 9.34% 26.37%
CITIBANK, N.A. 243.61% 193.57% 50.04% 25.85%
RIZAL COMMERCIAL BANKING CORP 46.37% 36.85% 9.52% 25.84%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 157.17% 128.18% 28.99% 22.62%
PHILIPPINE VETERANS BANK 96.72% 81.87% 14.84% 18.13%
BANK OF CHINA LIMITED-MANILA BRANCH 941.17% 799.27% 141.90% 17.75%
BUSINESS AND CONSUMERS BANK (A DB) 147.47% 126.08% 21.39% 16.96%
DEVELOPMENT BANK OF THE PHILIPPINES 46.08% 39.68% 6.41% 16.14%
ENTERPRISE BANK INC (A THRIFT BANK) 175.13% 151.25% 23.88% 15.79%
SUN SAVINGS BANK INC 8.85% 7.79% 1.06% 13.62%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 5.35% 4.74% 0.61% 12.77%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 75.06% 67.79% 7.27% 10.72%
WORLD PARTNERS BANK (A THRIFT BANK) 187.91% 170.09% 17.81% 10.47%
LIFE SAVINGS BANK INC 43.02% 39.14% 3.88% 9.92%
RCBC SAVINGS BANK INC 126.71% 115.44% 11.27% 9.76%
CARD SME BANK INC A THRIFT BANK 20.44% 18.95% 1.49% 7.84%
UNION BANK OF THE PHILIPPINES 77.90% 72.86% 5.04% 6.92%
PHILIPPINE RESOURCES SAVINGS BANKING 89.20% 83.97% 5.23% 6.23%
PHILIPPINE SAVINGS BANK 88.23% 84.25% 3.98% 4.72%
EAST WEST BANKING CORP 64.60% 63.19% 1.40% 2.22%
PHILIPPINE BANK OF COMMUNICATIONS 146.98% 143.81% 3.17% 2.21%
CHINA BANKING CORPORATION 43.20% 42.31% 0.89% 2.09%
LEMERY SAVINGS & LOAN BANK, INC. 23.20% 22.84% 0.36% 1.57%
DUMAGUETE CITY DEVELOPMENT BANK INC 82.67% 82.31% 0.36% 0.44%
PRIDE STAR DEVELOPMENT BANK INC 65.62% 65.56% 0.06% 0.10%
PAMPANGA DEVELOPMENT BANK 40.03% 39.99% 0.04% 0.09%
STANDARD CHARTERED BANK 199.59% 199.47% 0.12% 0.06%
INTERNATIONALE NEDERLANDEN GROEP BK 27.21% 27.21% 0.00% 0.00%
BATAAN DEVELOPMENT BANK 151.03% 151.31% -0.27% -0.18%
PROGRESS SAVINGS AND LOAN BANK INC 5.07% 5.13% -0.07% -1.29%
EQUICOM SAVINGS BANK INC 131.03% 132.85% -1.82% -1.37%
UNITED OVERSEAS BANK PHILIPPINES 57.05% 58.06% -1.00% -1.73%
CORDILLERA SAVINGS BANK INC 40.92% 41.66% -0.74% -1.79%
PRODUCERS SAVINGS BANK CORPORATION 64.20% 65.84% -1.64% -2.49%
UNIVERSITY SAVINGS BANK INC 176.94% 181.56% -4.62% -2.55%
CHINA BANK SAVINGS INC 119.62% 123.18% -3.56% -2.89%
BATAAN SAVINGS AND LOAN BANK 14.51% 14.96% -0.45% -3.02%
BANK OF THE PHILIPPINE ISLANDS 39.74% 41.03% -1.30% -3.16%
TOWER DEVELOPMENT BANK 20.68% 21.37% -0.70% -3.26%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 83.30% 86.18% -2.89% -3.35%
BANK OF COMMERCE 152.79% 158.28% -5.49% -3.47%
FIRST CONSOLIDATED BANK INC (A PDB) 41.34% 42.89% -1.55% -3.61%
MICROFINANCE MAXIMUM SB INC 100.25% 104.25% -4.00% -3.84%
MALAYAN BANK SAVINGS AND MORT BANK INC 89.60% 93.24% -3.64% -3.90%
CENTURY SAVINGS BANK CORPORATION 8.34% 8.69% -0.35% -4.01%
CITIBANK SAVINGS INC 89.52% 93.66% -4.14% -4.42%
BANGKOK BANK PUBLIC CO LTD 4.13% 4.33% -0.19% -4.45%
BDO ELITE SAVINGS BANK INC 5.57% 5.86% -0.29% -4.90%
VILLAGE BANK INC (A THRIFT BANK) 739.25% 778.56% -39.31% -5.05%
SECURITY BANK SAVINGS CORPORATION 82.32% 86.97% -4.65% -5.35%
NORTHPOINT DEV'T BANK INC 65.25% 69.38% -4.13% -5.96%
ANZ BANKING GROUP LTD 38.16% 41.08% -2.92% -7.11%
PLANTERS DEVELOPMENT BANK 217.86% 234.91% -17.05% -7.26%
ALLIED SAVINGS BANK 45.02% 48.76% -3.74% -7.67%
HONGKONG & SHANGHAI BANKING CORPORATION 75.16% 81.44% -6.29% -7.72%
MEGA INTERNATIONAL COMMERCIAL BANK CO LTD 78.04% 84.59% -6.55% -7.74%
BPI FAMILY SAVINGS BANK INC 57.81% 62.67% -4.86% -7.76%
CTBC BANK (PHILIPPINES) CORPORATION 17.21% 18.77% -1.56% -8.31%
BPI DIRECT SAVINGS BANK INC 24.38% 26.61% -2.22% -8.35%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 28.69% 31.38% -2.69% -8.58%
BDO PRIVATE BANK, INC. 24.23% 26.63% -2.40% -9.01%
INTER-ASIA DEVELOPMENT BANK 249.74% 274.55% -24.81% -9.04%
LAND BANK OF THE PHILIPPINES 42.73% 47.36% -4.63% -9.77%
HIYAS BANKING CORPORATION 24.02% 26.79% -2.77% -10.33%
MALASIQUI PROGRESSIVE SLB, INC 27.32% 30.49% -3.17% -10.40%
BANK ONE SAVINGS AND TRUST CORP. 39.46% 44.17% -4.71% -10.66%
PHILIPPINE POSTAL SAVINGS BANK INC 68.94% 77.36% -8.42% -10.88%
SECURITY BANK CORPORATION 25.94% 29.13% -3.18% -10.93%
BDO UNIBANK INC 40.50% 45.47% -4.97% -10.93%
ISLA BANK (A THRIFT BANK) INC 7.89% 8.87% -0.99% -11.13%
SAMPAGUITA SAVINGS BANK INC 29.51% 33.59% -4.08% -12.14%
MARITIME SAVINGS BANK CORPORATION 42.67% 48.93% -6.26% -12.79%
QUEZON COCONUT BANK INC (A THRIFT BANK) 28.91% 33.21% -4.30% -12.94%
MAYBANK PHILIPPINES INC 31.97% 36.88% -4.91% -13.30%
PHILIPPINE TRUST COMPANY 25.61% 29.56% -3.95% -13.36%
UNITED COCONUT PLANTERS BANK 379.21% 446.43% -67.23% -15.06%
UCPB SAVINGS BANK 55.49% 65.86% -10.37% -15.74%
PHILIPPINE NATIONAL BANK 76.41% 91.74% -15.34% -16.72%
ASIA UNITED BANK CORPORATION 37.62% 45.92% -8.30% -18.08%
LUZON DEVELOPMENT BANK 53.44% 65.30% -11.86% -18.17%
FARMERS SAVINGS & LOAN BANK INC 87.22% 107.98% -20.76% -19.22%
MERCHANTS SAVINGS & LOAN ASSOCIATION INC 48.72% 61.05% -12.33% -20.20%
KOREA EXCHANGE BANK 82.72% 104.74% -22.02% -21.03%
THE PALAWAN BANK (PALAWAN DB) INC 64.55% 82.77% -18.22% -22.01%
METROPOLITAN BANK & TRUST CO 41.09% 53.46% -12.37% -23.14%
HSBC SAVINGS BANK (PHILS) INC 10.63% 15.09% -4.46% -29.58%
PHILIPPINE BUSINESS BANK INC A SAVINGS 20.53% 29.74% -9.20% -30.95%
MIZUHO BANK LTD - MANILA BRANCH 41.64% 61.52% -19.88% -32.32%
THE REAL BANK (A THRIFT BANK) INC 1240.06% 1910.18% -670.11% -35.08%
TONG YANG SAVINGS BANK INC 43.38% 76.97% -33.59% -43.64%
CITYSTATE SAVINGS BANK INC 25.83% 47.09% -21.26% -45.14%
PACIFIC ACE SAVINGS BANK INC 6.10% 11.36% -5.26% -46.30%
JP MORGAN CHASE BANK NATIONAL ASSOCIATION 2.10% 4.23% -2.12% -50.28%
DEUTSCHE BANK AG 97.50% 205.66% -108.15% -52.59%
THE BANK OF TOKYO-MITSUBISHI UFJ LTD 2.66% 11.94% -9.28% -77.72%
1ST VALLEY BANK INC A DEVELOPMENT BANK 29.37% NA NA NA
ILOILO CITY DEVELOPMENT BANK NA 460.68% NA NA
MBANK PHILIPPINES 11.02% NA NA NA
Grand Total 59.49% 64.38% -4.89% -7.59%



Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2013 to December 31, 2013
In Php


































December 31, 2013


September 30, 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 7,658,858,671.42 617,617,621.91 1240.06%
7,715,160,789.58 403,897,117.56 1910.18%
-56,302,118.16 213,720,504.35 -670.11%
-0.73% 52.91% -35.08%
BANK OF CHINA LIMITED-MANILA BRANCH 6,474,009,509.68 687,867,475.30 941.17%
5,413,268,714.84 677,275,685.72 799.27%
1,060,740,794.84 10,591,789.58 141.90%
19.60% 1.56% 17.75%
COMSAVINGS BANK 1,409,515,860.14 169,764,780.11 830.28%
1,422,981,899.14 324,037,558.21 439.14%
-13,466,039.00 -154,272,778.10 391.13%
-0.95% -47.61% 89.07%
VILLAGE BANK INC (A THRIFT BANK) 646,328,781.06 87,430,352.92 739.25%
675,361,091.33 86,744,428.80 778.56%
-29,032,310.27 685,924.12 -39.31%
-4.30% 0.79% -5.05%
UNITED COCONUT PLANTERS BANK 39,058,172,119.20 10,300,012,660.82 379.21%
55,543,220,484.21 12,441,512,075.45 446.43%
-16,485,048,365.01 -2,141,499,414.63 -67.23%
-29.68% -17.21% -15.06%
INTER-ASIA DEVELOPMENT BANK 152,658,208.33 61,127,067.06 249.74%
163,061,017.95 59,391,398.86 274.55%
-10,402,809.62 1,735,668.20 -24.81%
-6.38% 2.92% -9.04%
CITIBANK, N.A. 31,345,241,661.46 12,867,020,795.08 243.61%
25,141,192,359.18 12,988,072,447.69 193.57%
6,204,049,302.28 -121,051,652.61 50.04%
24.68% -0.93% 25.85%
PLANTERS DEVELOPMENT BANK 9,876,121,359.20 4,533,178,786.23 217.86%
10,419,456,454.45 4,435,504,297.84 234.91%
-543,335,095.25 97,674,488.39 -17.05%
-5.21% 2.20% -7.26%
STANDARD CHARTERED BANK 6,053,598,067.69 3,033,029,089.73 199.59%
5,478,661,851.26 2,746,581,696.80 199.47%
574,936,216.43 286,447,392.93 0.12%
10.49% 10.43% 0.06%
WORLD PARTNERS BANK (A THRIFT BANK) 310,649,110.01 165,320,245.34 187.91%
286,489,616.65 168,429,784.45 170.09%
24,159,493.36 -3,109,539.11 17.81%
8.43% -1.85% 10.47%
UNIVERSITY SAVINGS BANK INC 423,377,038.50 239,274,961.57 176.94%
430,972,923.24 237,367,686.97 181.56%
-7,595,884.74 1,907,274.60 -4.62%
-1.76% 0.80% -2.55%
ENTERPRISE BANK INC (A THRIFT BANK) 398,644,417.05 227,625,329.81 175.13%
344,478,441.68 227,755,866.40 151.25%
54,165,975.37 -130,536.59 23.88%
15.72% -0.06% 15.79%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 163,382,416.92 103,950,857.21 157.17%
127,142,785.92 99,188,170.54 128.18%
36,239,631.00 4,762,686.67 28.99%
28.50% 4.80% 22.62%
BANK OF COMMERCE 29,650,457,077.49 19,406,106,800.71 152.79%
29,976,714,215.76 18,938,602,086.54 158.28%
-326,257,138.27 467,504,714.17 -5.49%
-1.09% 2.47% -3.47%
BATAAN DEVELOPMENT BANK 117,549,048.61 77,829,490.82 151.03%
117,485,057.55 77,646,386.19 151.31%
63,991.06 183,104.63 -0.27%
0.05% 0.24% -0.18%
BUSINESS AND CONSUMERS BANK (A DB) 124,023,754.60 84,101,508.34 147.47%
105,903,430.28 83,997,066.23 126.08%
18,120,324.32 104,442.11 21.39%
17.11% 0.12% 16.96%
PHILIPPINE BANK OF COMMUNICATIONS 6,870,468,436.19 4,674,290,207.54 146.98%
6,890,749,874.58 4,791,505,760.04 143.81%
-20,281,438.39 -117,215,552.50 3.17%
-0.29% -2.45% 2.21%
EQUICOM SAVINGS BANK INC 728,231,290.84 555,794,079.97 131.03%
727,703,014.07 547,774,008.61 132.85%
528,276.77 8,020,071.36 -1.82%
0.07% 1.46% -1.37%
RCBC SAVINGS BANK INC 10,144,357,461.20 8,006,173,745.56 126.71%
10,058,255,855.09 8,712,884,410.13 115.44%
86,101,606.11 -706,710,664.57 11.27%
0.86% -8.11% 9.76%
CHINA BANK SAVINGS INC 1,242,864,554.81 1,039,014,641.03 119.62%
1,182,440,954.77 959,961,776.24 123.18%
60,423,600.04 79,052,864.79 -3.56%
5.11% 8.24% -2.89%
MICROFINANCE MAXIMUM SB INC 55,052,820.56 54,916,771.27 100.25%
58,289,654.76 55,912,948.55 104.25%
-3,236,834.20 -996,177.28 -4.00%
-5.55% -1.78% -3.84%
DEUTSCHE BANK AG 1,507,664,139.92 1,546,247,754.32 97.50%
3,067,613,129.87 1,491,605,872.17 205.66%
-1,559,948,989.95 54,641,882.15 -108.15%
-50.85% 3.66% -52.59%
PHILIPPINE VETERANS BANK 6,797,613,137.82 7,028,324,797.93 96.72%
5,733,865,663.16 7,003,198,360.29 81.87%
1,063,747,474.66 25,126,437.64 14.84%
18.55% 0.36% 18.13%
MALAYAN BANK SAVINGS AND MORT BANK INC 1,141,252,662.26 1,273,775,693.89 89.60%
1,148,117,700.55 1,231,401,672.29 93.24%
-6,865,038.29 42,374,021.60 -3.64%
-0.60% 3.44% -3.90%
CITIBANK SAVINGS INC 3,359,190,761.51 3,752,623,823.14 89.52%
3,911,964,323.92 4,176,845,927.32 93.66%
-552,773,562.41 -424,222,104.18 -4.14%
-14.13% -10.16% -4.42%
PHILIPPINE RESOURCES SAVINGS BANKING 1,334,493,818.24 1,496,007,114.51 89.20%
1,319,931,767.03 1,571,917,417.14 83.97%
14,562,051.21 -75,910,302.63 5.23%
1.10% -4.83% 6.23%
PHILIPPINE SAVINGS BANK 14,753,334,392.36 16,721,608,527.38 88.23%
15,046,424,358.93 17,859,204,813.32 84.25%
-293,089,966.57 -1,137,596,285.94 3.98%
-1.95% -6.37% 4.72%
FARMERS SAVINGS & LOAN BANK INC 105,348,188.82 120,781,764.62 87.22%
130,055,952.50 120,445,949.31 107.98%
-24,707,763.68 335,815.31 -20.76%
-19.00% 0.28% -19.22%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 1,819,765,393.73 2,184,688,001.97 83.30%
1,833,655,851.68 2,127,596,805.78 86.18%
-13,890,457.95 57,091,196.19 -2.89%
-0.76% 2.68% -3.35%
WEALTH DEVELOPMENT BANK CORPORATION 370,050,663.22 445,387,684.02 83.09%
233,115,363.84 437,282,929.29 53.31%
136,935,299.38 8,104,754.73 29.78%
58.74% 1.85% 55.85%
KOREA EXCHANGE BANK 477,178,675.94 576,874,833.55 82.72%
618,431,872.89 590,448,140.37 104.74%
-141,253,196.95 -13,573,306.82 -22.02%
-22.84% -2.30% -21.03%
DUMAGUETE CITY DEVELOPMENT BANK INC 184,731,909.15 223,461,033.96 82.67%
183,925,657.58 223,461,033.96 82.31%
806,251.57 0.00 0.36%
0.44% 0.00% 0.44%
SECURITY BANK SAVINGS CORPORATION 1,535,759,372.07 1,865,593,388.29 82.32%
1,538,812,362.37 1,769,284,078.33 86.97%
-3,052,990.30 96,309,309.96 -4.65%
-0.20% 5.44% -5.35%
MEGA INTERNATIONAL COMMERCIAL BANK CO LTD 636,077,119.49 815,063,759.54 78.04%
686,858,403.72 812,000,716.20 84.59%
-50,781,284.23 3,063,043.34 -6.55%
-7.39% 0.38% -7.74%
UNION BANK OF THE PHILIPPINES 39,033,031,812.99 50,105,002,868.05 77.90%
36,613,243,745.76 50,253,147,440.40 72.86%
2,419,788,067.23 -148,144,572.35 5.04%
6.61% -0.29% 6.92%
PHILIPPINE NATIONAL BANK 67,738,615,228.35 88,657,028,404.88 76.41%
76,785,231,643.09 83,697,635,640.24 91.74%
-9,046,616,414.74 4,959,392,764.64 -15.34%
-11.78% 5.93% -16.72%
HONGKONG & SHANGHAI BANKING CORPORATION 4,019,099,168.92 5,347,398,652.15 75.16%
4,165,810,871.04 5,114,880,317.76 81.44%
-146,711,702.12 232,518,334.39 -6.29%
-3.52% 4.55% -7.72%
BPI GLOBE BANKO INC A SAVINGS BANK 445,625,785.59 593,397,946.28 75.10%
320,513,187.65 578,113,217.91 55.44%
125,112,597.94 15,284,728.37 19.66%
39.04% 2.64% 35.45%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 218,390,183.28 290,958,063.44 75.06%
194,024,757.32 286,197,997.27 67.79%
24,365,425.96 4,760,066.17 7.27%
12.56% 1.66% 10.72%
PHILIPPINE POSTAL SAVINGS BANK INC 633,258,006.15 918,613,955.58 68.94%
705,484,446.61 911,995,295.61 77.36%
-72,226,440.46 6,618,659.97 -8.42%
-10.24% 0.73% -10.88%
PRIDE STAR DEVELOPMENT BANK INC 49,861,438.05 75,980,514.74 65.62%
48,775,776.70 74,397,380.79 65.56%
1,085,661.35 1,583,133.95 0.06%
2.23% 2.13% 0.10%
NORTHPOINT DEV'T BANK INC 54,526,401.61 83,568,781.61 65.25%
57,809,921.89 83,322,600.83 69.38%
-3,283,520.28 246,180.78 -4.13%
-5.68% 0.30% -5.96%
EAST WEST BANKING CORP 13,168,626,182.26 20,386,434,312.57 64.60%
13,015,329,477.60 20,596,543,042.02 63.19%
153,296,704.66 -210,108,729.45 1.40%
1.18% -1.02% 2.22%
THE PALAWAN BANK (PALAWAN DB) INC 23,218,567.73 35,969,012.75 64.55%
22,498,424.20 27,180,689.84 82.77%
720,143.53 8,788,322.91 -18.22%
3.20% 32.33% -22.01%
PRODUCERS SAVINGS BANK CORPORATION 714,824,087.66 1,113,407,913.24 64.20%
721,287,681.92 1,095,533,079.50 65.84%
-6,463,594.26 17,874,833.74 -1.64%
-0.90% 1.63% -2.49%
BPI FAMILY SAVINGS BANK INC 10,741,789,222.05 18,581,283,691.41 57.81%
11,500,930,522.92 18,350,578,929.29 62.67%
-759,141,300.87 230,704,762.12 -4.86%
-6.60% 1.26% -7.76%
UNITED OVERSEAS BANK PHILIPPINES 784,589,805.42 1,375,216,457.82 57.05%
795,407,486.84 1,370,055,770.87 58.06%
-10,817,681.42 5,160,686.95 -1.00%
-1.36% 0.38% -1.73%
UCPB SAVINGS BANK 1,684,608,285.79 3,035,715,339.35 55.49%
1,729,133,604.01 2,625,532,458.92 65.86%
-44,525,318.22 410,182,880.43 -10.37%
-2.58% 15.62% -15.74%
DUNGGANON BANK (A MICROFINANCE THRIFT 50,960,373.50 92,876,893.49 54.87%
22,705,007.98 91,281,109.97 24.87%
28,255,365.52 1,595,783.52 30.00%
124.45% 1.75% 120.59%
METRO CEBU PUBLIC SAVINGS BANK 35,950,308.48 65,999,333.92 54.47%
26,478,265.34 64,737,773.49 40.90%
9,472,043.14 1,261,560.43 13.57%
35.77% 1.95% 33.18%
LUZON DEVELOPMENT BANK 267,586,333.03 500,708,076.86 53.44%
327,201,027.28 501,040,949.74 65.30%
-59,614,694.25 -332,872.88 -11.86%
-18.22% -0.07% -18.17%
MERCHANTS SAVINGS & LOAN ASSOCIATION INC 266,921,066.36 547,873,402.38 48.72%
290,325,896.77 475,529,722.81 61.05%
-23,404,830.41 72,343,679.57 -12.33%
-8.06% 15.21% -20.20%
RIZAL COMMERCIAL BANKING CORP 20,816,034,838.07 44,894,874,885.17 46.37%
16,754,136,210.87 45,470,229,139.28 36.85%
4,061,898,627.20 -575,354,254.11 9.52%
24.24% -1.27% 25.84%
DEVELOPMENT BANK OF THE PHILIPPINES 17,108,255,708.97 37,125,961,483.18 46.08%
14,665,460,909.57 36,963,006,438.33 39.68%
2,442,794,799.40 162,955,044.85 6.41%
16.66% 0.44% 16.14%
ALLIED SAVINGS BANK 482,159,150.60 1,070,923,264.94 45.02%
510,262,451.05 1,046,384,945.13 48.76%
-28,103,300.45 24,538,319.81 -3.74%
-5.51% 2.35% -7.67%
ROBINSONS BANK CORPORATION 2,317,192,575.77 5,176,785,182.12 44.76%
2,154,953,015.15 6,083,919,644.63 35.42%
162,239,560.62 -907,134,462.51 9.34%
7.53% -14.91% 26.37%
TONG YANG SAVINGS BANK INC 224,036,467.01 516,428,342.05 43.38%
396,614,641.76 515,251,334.74 76.97%
-172,578,174.75 1,177,007.31 -33.59%
-43.51% 0.23% -43.64%
CHINA BANKING CORPORATION 20,733,806,179.20 47,996,880,610.80 43.20%
18,226,008,333.13 43,074,933,075.29 42.31%
2,507,797,846.07 4,921,947,535.51 0.89%
13.76% 11.43% 2.09%
LIFE SAVINGS BANK INC 28,545,676.90 66,353,767.56 43.02%
25,968,357.07 66,353,767.56 39.14%
2,577,319.83 0.00 3.88%
9.92% 0.00% 9.92%
LAND BANK OF THE PHILIPPINES 23,899,313,940.93 55,932,170,783.19 42.73%
26,999,014,112.39 57,010,913,487.30 47.36%
-3,099,700,171.46 -1,078,742,704.11 -4.63%
-11.48% -1.89% -9.77%
MARITIME SAVINGS BANK CORPORATION 30,120,796.16 70,584,513.90 42.67%
34,046,749.31 69,581,122.89 48.93%
-3,925,953.15 1,003,391.01 -6.26%
-11.53% 1.44% -12.79%
MIZUHO BANK LTD - MANILA BRANCH 709,953,460.71 1,704,943,963.71 41.64%
1,011,737,506.90 1,644,448,818.10 61.52%
-301,784,046.19 60,495,145.61 -19.88%
-29.83% 3.68% -32.32%
FIRST CONSOLIDATED BANK INC (A PDB) 940,535,036.98 2,275,046,263.65 41.34%
975,775,037.25 2,275,152,006.57 42.89%
-35,240,000.27 -105,742.92 -1.55%
-3.61% 0.00% -3.61%
METROPOLITAN BANK & TRUST CO 56,006,900,007.68 136,308,328,561.06 41.09%
59,876,031,770.04 111,999,909,833.93 53.46%
-3,869,131,762.36 24,308,418,727.13 -12.37%
-6.46% 21.70% -23.14%
CORDILLERA SAVINGS BANK INC 49,506,779.34 120,993,917.19 40.92%
46,647,449.54 111,967,588.52 41.66%
2,859,329.80 9,026,328.67 -0.74%
6.13% 8.06% -1.79%
BDO UNIBANK INC 68,015,916,724.16 167,933,860,670.95 40.50%
78,059,729,984.81 171,664,281,366.41 45.47%
-10,043,813,260.65 -3,730,420,695.46 -4.97%
-12.87% -2.17% -10.93%
PAMPANGA DEVELOPMENT BANK 51,917,775.03 129,705,015.33 40.03%
46,994,746.30 117,517,088.00 39.99%
4,923,028.73 12,187,927.33 0.04%
10.48% 10.37% 0.09%
BANK OF THE PHILIPPINE ISLANDS 38,436,994,704.90 96,728,666,469.42 39.74%
40,596,453,389.99 98,934,355,228.89 41.03%
-2,159,458,685.09 -2,205,688,759.47 -1.30%
-5.32% -2.23% -3.16%
BANK ONE SAVINGS AND TRUST CORP. 211,753,053.96 536,648,276.23 39.46%
236,390,840.15 535,201,269.17 44.17%
-24,637,786.19 1,447,007.06 -4.71%
-10.42% 0.27% -10.66%
ANZ BANKING GROUP LTD 942,624,333.28 2,470,064,525.73 38.16%
1,016,483,632.16 2,474,333,079.88 41.08%
-73,859,298.88 -4,268,554.15 -2.92%
-7.27% -0.17% -7.11%
ASIA UNITED BANK CORPORATION 7,346,371,080.11 19,529,598,162.27 37.62%
8,601,758,825.22 18,733,147,083.25 45.92%
-1,255,387,745.11 796,451,079.02 -8.30%
-14.59% 4.25% -18.08%
CITY SAVINGS BANK INC 875,689,037.22 2,611,202,131.58 33.54%
539,226,901.22 2,565,461,612.04 21.02%
336,462,136.00 45,740,519.54 12.52%
62.40% 1.78% 59.55%
MAYBANK PHILIPPINES INC 3,418,413,803.11 10,691,946,465.00 31.97%
3,322,085,909.67 9,008,257,701.36 36.88%
96,327,893.44 1,683,688,763.64 -4.91%
2.90% 18.69% -13.30%
SAMPAGUITA SAVINGS BANK INC 23,272,550.56 78,867,526.48 29.51%
26,573,512.53 79,121,079.46 33.59%
-3,300,961.97 -253,552.98 -4.08%
-12.42% -0.32% -12.14%
1ST VALLEY BANK INC A DEVELOPMENT BANK 319,884,714.28 1,089,331,888.45 29.37%
NA NA NA
NA NA NA
NA NA NA
QUEZON COCONUT BANK INC (A THRIFT BANK) 16,836,417.24 58,239,382.25 28.91%
19,374,239.68 58,343,632.25 33.21%
-2,537,822.44 -104,250.00 -4.30%
-13.10% -0.18% -12.94%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 196,098,945.52 683,600,672.25 28.69%
214,811,265.92 684,569,581.75 31.38%
-18,712,320.40 -968,909.50 -2.69%
-8.71% -0.14% -8.58%
MALASIQUI PROGRESSIVE SLB, INC 16,531,661.83 60,505,691.07 27.32%
17,983,120.50 58,975,324.14 30.49%
-1,451,458.67 1,530,366.93 -3.17%
-8.07% 2.59% -10.40%
INTERNATIONALE NEDERLANDEN GROEP BK 725,943,158.24 2,667,503,858.26 27.21%
725,943,158.24 2,667,503,858.26 27.21%
0.00 0.00 0.00%
0.00% 0.00% 0.00%
SECURITY BANK CORPORATION 9,826,611,445.93 37,876,804,493.66 25.94%
11,251,423,404.88 38,628,238,040.19 29.13%
-1,424,811,958.95 -751,433,546.53 -3.18%
-12.66% -1.95% -10.93%
CITYSTATE SAVINGS BANK INC 204,311,720.59 790,996,767.32 25.83%
379,647,151.33 806,301,387.22 47.09%
-175,335,430.74 -15,304,619.90 -21.26%
-46.18% -1.90% -45.14%
PHILIPPINE TRUST COMPANY 4,717,915,714.74 18,421,300,653.21 25.61%
5,445,750,190.52 18,423,173,545.16 29.56%
-727,834,475.78 -1,872,891.95 -3.95%
-13.37% -0.01% -13.36%
BPI DIRECT SAVINGS BANK INC 234,019,747.50 959,699,370.21 24.38%
253,361,879.37 952,277,854.73 26.61%
-19,342,131.87 7,421,515.48 -2.22%
-7.63% 0.78% -8.35%
BDO PRIVATE BANK, INC. 1,284,177,777.07 5,299,706,623.13 24.23%
1,406,396,905.18 5,281,205,927.12 26.63%
-122,219,128.11 18,500,696.01 -2.40%
-8.69% 0.35% -9.01%
HIYAS BANKING CORPORATION 41,752,813.86 173,831,800.64 24.02%
45,341,370.75 169,268,776.65 26.79%
-3,588,556.89 4,563,023.99 -2.77%
-7.91% 2.70% -10.33%
LEMERY SAVINGS & LOAN BANK, INC. 17,148,094.40 73,922,873.28 23.20%
16,236,665.02 71,094,084.23 22.84%
911,429.38 2,828,789.05 0.36%
5.61% 3.98% 1.57%
TOWER DEVELOPMENT BANK 23,635,654.89 114,305,443.14 20.68%
24,432,001.05 114,305,443.14 21.37%
-796,346.16 0.00 -0.70%
-3.26% 0.00% -3.26%
PHILIPPINE BUSINESS BANK INC A SAVINGS 1,595,193,072.99 7,768,677,209.19 20.53%
2,292,258,613.08 7,708,104,210.04 29.74%
-697,065,540.09 60,572,999.15 -9.20%
-30.41% 0.79% -30.95%
CARD SME BANK INC A THRIFT BANK 55,045,312.27 269,353,237.08 20.44%
45,763,266.29 241,492,678.42 18.95%
9,282,045.98 27,860,558.66 1.49%
20.28% 11.54% 7.84%
OPTIMUM DEVELOPMENT BANK INC 128,866,945.71 721,724,742.05 17.86%
94,351,230.29 721,724,742.05 13.07%
34,515,715.42 0.00 4.78%
36.58% 0.00% 36.58%
CTBC BANK (PHILIPPINES) CORPORATION 1,156,656,735.34 6,721,688,370.33 17.21%
1,242,715,467.56 6,621,899,085.40 18.77%
-86,058,732.22 99,789,284.93 -1.56%
-6.93% 1.51% -8.31%
BATAAN SAVINGS AND LOAN BANK 10,683,545.57 73,639,250.93 14.51%
10,702,580.89 71,545,429.60 14.96%
-19,035.32 2,093,821.33 -0.45%
-0.18% 2.93% -3.02%
MBANK PHILIPPINES 22,918,976.48 207,926,965.58 11.02%
NA NA NA
NA NA NA
NA NA NA
HSBC SAVINGS BANK (PHILS) INC 279,344,219.56 2,628,939,606.37 10.63%
414,561,724.79 2,747,492,714.64 15.09%
-135,217,505.23 -118,553,108.27 -4.46%
-32.62% -4.31% -29.58%
SUN SAVINGS BANK INC 9,459,407.98 106,922,612.14 8.85%
8,275,788.09 106,281,667.66 7.79%
1,183,619.89 640,944.48 1.06%
14.30% 0.60% 13.62%
CENTURY SAVINGS BANK CORPORATION 74,847,001.80 897,543,805.05 8.34%
77,842,097.76 895,985,103.05 8.69%
-2,995,095.96 1,558,702.00 -0.35%
-3.85% 0.17% -4.01%
ISLA BANK (A THRIFT BANK) INC 50,469,954.07 639,972,124.71 7.89%
56,791,992.79 639,992,124.71 8.87%
-6,322,038.72 -20,000.00 -0.99%
-11.13% 0.00% -11.13%
PACIFIC ACE SAVINGS BANK INC 4,637,175.48 76,004,399.27 6.10%
9,026,192.63 79,443,628.36 11.36%
-4,389,017.15 -3,439,229.09 -5.26%
-48.63% -4.33% -46.30%
BANK OF AMERICA N.A. 35,005,723.90 607,196,709.20 5.77%
20,629,014.25 607,196,709.20 3.40%
14,376,709.65 0.00 2.37%
69.69% 0.00% 69.69%
BDO ELITE SAVINGS BANK INC 86,156,674.50 1,546,549,042.92 5.57%
90,592,139.37 1,546,549,042.92 5.86%
-4,435,464.87 0.00 -0.29%
-4.90% 0.00% -4.90%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 23,810,244.51 445,345,926.52 5.35%
21,143,134.94 445,966,783.26 4.74%
2,667,109.57 -620,856.74 0.61%
12.61% -0.14% 12.77%
PROGRESS SAVINGS AND LOAN BANK INC 4,222,380.16 83,310,687.78 5.07%
4,320,318.14 84,145,795.60 5.13%
-97,937.98 -835,107.82 -0.07%
-2.27% -0.99% -1.29%
BANGKOK BANK PUBLIC CO LTD 52,291,752.55 1,265,156,864.50 4.13%
54,047,048.77 1,249,396,547.00 4.33%
-1,755,296.22 15,760,317.50 -0.19%
-3.25% 1.26% -4.45%
THE BANK OF TOKYO-MITSUBISHI UFJ LTD 60,696,648.87 2,280,627,961.84 2.66%
272,161,548.52 2,278,627,961.84 11.94%
-211,464,899.65 2,000,000.00 -9.28%
-77.70% 0.09% -77.72%
JP MORGAN CHASE BANK NATIONAL ASSOCIATION 29,584,127.16 1,408,167,950.00 2.10%
59,290,293.55 1,403,159,400.00 4.23%
-29,706,166.39 5,008,550.00 -2.12%
-50.10% 0.36% -50.28%
ILOILO CITY DEVELOPMENT BANK NA NA NA
341,216,296.97 74,068,482.77 460.68%
NA NA NA
NA NA NA
Grand Total 610,831,575,602.35 1,026,838,650,829.81 59.49%
644,112,699,026.45 1,000,558,496,062.94 64.38%
-33,281,123,424.10 26,280,154,766.87 -4.89%
-5.17% 2.63% -7.59%

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 December 31, 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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