In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of December 31, 2013", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 3.15% as of December 31, 2013, is below the historic average of 4.32% for the last thirty years. Despite NPLs being at or near historic lows, some banks still have not adequately provisioned for loan losses. Their NPL Coverage Ratios are below the ideal ratio of 100% and even below the suggested minimum of 80% NPL Coverage Ratio.
As the table below suggests, it seems that around 44 banks (highlighted in yellow) fall into this deficiency.
| Philippine Banking System | |||
| NPL Coverage Ratio | |||
| December 31, 2013 | |||
| Bank | Loan Loss Provisions | Gross NPLs | NPL Coverage Ratio |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 16,841,261.68 | 129,775,492.78 | 12.98% |
| METRO CEBU PUBLIC SAVINGS BANK | 2,960,442.96 | 19,055,765.67 | 15.54% |
| MARITIME SAVINGS BANK CORPORATION | 2,755,197.36 | 16,368,803.56 | 16.83% |
| THE REAL BANK (A THRIFT BANK) INC | 591,788,212.44 | 3,222,282,611.51 | 18.37% |
| DUNGGANON BANK (A MICROFINANCE THRIFT | 9,917,922.56 | 47,508,153.45 | 20.88% |
| PROGRESS SAVINGS AND LOAN BANK INC | 302,593.35 | 1,269,493.88 | 23.84% |
| LIFE SAVINGS BANK INC | 2,499,806.08 | 9,639,927.96 | 25.93% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 45,072,038.57 | 169,661,344.38 | 26.57% |
| ALLIED SAVINGS BANK | 112,822,049.52 | 401,441,372.70 | 28.10% |
| NORTHPOINT DEV'T BANK INC | 10,662,692.95 | 37,110,605.65 | 28.73% |
| EQUICOM SAVINGS BANK INC | 73,536,507.76 | 253,955,691.53 | 28.96% |
| PRODUCERS SAVINGS BANK CORPORATION | 61,550,165.21 | 200,833,871.97 | 30.65% |
| CENTURY SAVINGS BANK CORPORATION | 12,646,730.90 | 40,116,374.32 | 31.53% |
| COMSAVINGS BANK | 60,506,624.39 | 189,798,517.04 | 31.88% |
| WEALTH DEVELOPMENT BANK CORPORATION | 64,853,212.07 | 184,239,801.85 | 35.20% |
| PHILIPPINE RESOURCES SAVINGS BANKING | 202,392,303.77 | 568,270,831.20 | 35.62% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 1,315,623.91 | 3,566,888.20 | 36.88% |
| PLANTERS DEVELOPMENT BANK | 1,247,082,924.76 | 3,267,592,729.96 | 38.17% |
| MALASIQUI PROGRESSIVE SLB, INC | 6,470,762.05 | 16,092,906.25 | 40.21% |
| DUMAGUETE CITY DEVELOPMENT BANK INC | 17,300,528.04 | 41,156,519.67 | 42.04% |
| BUSINESS AND CONSUMERS BANK (A DB) | 7,172,172.37 | 16,884,925.63 | 42.48% |
| HIYAS BANKING CORPORATION | 12,588,045.27 | 29,217,436.77 | 43.08% |
| PAMPANGA DEVELOPMENT BANK | 18,644,033.89 | 40,745,518.38 | 45.76% |
| LUZON DEVELOPMENT BANK | 72,750,844.92 | 153,927,139.62 | 47.26% |
| FARMERS SAVINGS & LOAN BANK INC | 24,484,516.84 | 48,471,260.01 | 50.51% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 48,608,159.37 | 94,745,384.44 | 51.30% |
| LEMERY SAVINGS & LOAN BANK, INC. | 5,008,824.64 | 9,750,997.76 | 51.37% |
| BATAAN DEVELOPMENT BANK | 15,592,398.15 | 28,911,402.09 | 53.93% |
| BANK ONE SAVINGS AND TRUST CORP. | 8,261,602.53 | 15,304,127.53 | 53.98% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 174,001,180.52 | 315,155,109.94 | 55.21% |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 435,380,455.41 | 779,111,419.36 | 55.88% |
| CHINA BANK SAVINGS INC | 157,725,625.07 | 268,611,569.73 | 58.72% |
| TONG YANG SAVINGS BANK INC | 94,606,108.54 | 148,666,358.33 | 63.64% |
| RCBC SAVINGS BANK INC | 1,188,628,847.92 | 1,828,298,222.91 | 65.01% |
| CITYSTATE SAVINGS BANK INC | 27,682,977.13 | 42,355,159.83 | 65.36% |
| VILLAGE BANK INC (A THRIFT BANK) | 17,342,200.42 | 25,784,609.74 | 67.26% |
| EAST WEST BANKING CORP | 3,213,452,982.56 | 4,648,406,663.92 | 69.13% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 139,386,958.18 | 191,253,994.34 | 72.88% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 64,885,845.59 | 88,682,976.78 | 73.17% |
| BATAAN SAVINGS AND LOAN BANK | 2,137,583.98 | 2,842,178.92 | 75.21% |
| MICROFINANCE MAXIMUM SB INC | 284,268.86 | 374,895.56 | 75.83% |
| TOWER DEVELOPMENT BANK | 8,420,489.57 | 11,026,032.92 | 76.37% |
| THE PALAWAN BANK (PALAWAN DB) INC | 11,073,497.04 | 14,232,122.87 | 77.81% |
| CITY SAVINGS BANK INC | 309,246,716.78 | 391,518,685.68 | 78.99% |
| MAYBANK PHILIPPINES INC | 842,481,789.38 | 1,036,927,723.27 | 81.25% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 165,112,327.81 | 201,814,159.62 | 81.81% |
| UNIVERSITY SAVINGS BANK INC | 40,166,844.80 | 48,120,002.84 | 83.47% |
| SECURITY BANK SAVINGS CORPORATION | 704,101,471.09 | 838,735,420.10 | 83.95% |
| PHILIPPINE POSTAL SAVINGS BANK INC | 337,902,530.38 | 392,952,272.30 | 85.99% |
| PHILIPPINE NATIONAL BANK | 9,706,366,246.18 | 10,686,422,376.48 | 90.83% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS | 688,901,501.15 | 745,484,055.76 | 92.41% |
| PRIDE STAR DEVELOPMENT BANK INC | 6,090,315.48 | 6,473,437.72 | 94.08% |
| SAMPAGUITA SAVINGS BANK INC | 21,561,538.64 | 22,719,477.39 | 94.90% |
| BPI FAMILY SAVINGS BANK INC | 4,150,003,240.95 | 4,370,697,474.80 | 94.95% |
| BANK OF COMMERCE | 3,732,183,897.55 | 3,903,798,967.05 | 95.60% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 434,987,219.55 | 443,718,187.84 | 98.03% |
| CITIBANK SAVINGS INC | 2,287,438,110.91 | 2,308,133,797.81 | 99.10% |
| UNITED OVERSEAS BANK PHILIPPINES | 666,212,932.81 | 664,931,491.65 | 100.19% |
| ROBINSONS BANK CORPORATION | 423,135,641.62 | 421,843,064.16 | 100.31% |
| DEVELOPMENT BANK OF THE PHILIPPINES | 5,732,499,835.71 | 5,639,214,503.34 | 101.65% |
| SUN SAVINGS BANK INC | 7,624,041.50 | 7,460,733.37 | 102.19% |
| PHIL BANK OF COMMUNICATIONS | 1,298,386,827.43 | 1,240,984,212.26 | 104.63% |
| ASIA UNITED BANK CORPORATION | 1,144,088,009.70 | 1,073,013,698.39 | 106.62% |
| INTER-ASIA DEVELOPMENT BANK | 4,867,124.76 | 4,504,816.66 | 108.04% |
| PHILIPPINE VETERANS BANK | 1,040,706,212.22 | 960,196,997.18 | 108.38% |
| CTBC BANK (PHILIPPINES) CORPORATION | 430,854,254.74 | 388,279,116.49 | 110.97% |
| UNITED COCONUT PLANTERS BANK | 5,364,105,869.45 | 4,791,102,973.68 | 111.96% |
| RIZAL COMMERCIAL BANKING CORP | 3,953,625,097.54 | 3,527,950,432.52 | 112.07% |
| UNION BANK OF THE PHILIPPINES | 10,325,961,619.49 | 8,949,967,078.89 | 115.37% |
| PHILIPPINE SAVINGS BANK | 4,284,860,503.44 | 3,655,420,772.73 | 117.22% |
| CORDILLERA SAVINGS BANK INC | 17,598,795.59 | 14,750,218.80 | 119.31% |
| STANDARD CHARTERED BANK | 1,353,946,955.42 | 1,086,525,758.42 | 124.61% |
| UCPB SAVINGS BANK | 374,692,441.33 | 284,342,672.31 | 131.77% |
| MERCHANTS SAVINGS & LOAN ASSOCIATION INC | 5,580,681.06 | 4,003,853.45 | 139.38% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 20,336,371.31 | 14,540,829.34 | 139.86% |
| PACIFIC ACE SAVINGS BANK INC | 2,958,345.96 | 2,030,876.69 | 145.67% |
| HONGKONG & SHANGHAI BANKING CORPORATION | 1,223,836,685.13 | 829,841,922.61 | 147.48% |
| BPI DIRECT SAVINGS BANK INC | 186,860,512.64 | 121,202,841.76 | 154.17% |
| HSBC SAVINGS BANK (PHILS) INC | 82,454,886.81 | 52,860,163.68 | 155.99% |
| CARD SME BANK INC A THRIFT BANK | 30,825,368.13 | 19,612,047.57 | 157.18% |
| LAND BANK OF THE PHILIPPINES | 11,660,698,316.19 | 7,317,990,983.02 | 159.34% |
| BDO UNIBANK INC | 28,022,669,195.37 | 17,239,114,625.78 | 162.55% |
| CHINA BANKING CORPORATION | 6,790,729,651.70 | 4,117,935,690.11 | 164.91% |
| BANK OF THE PHILIPPINE ISLANDS | 11,214,018,218.15 | 6,787,741,471.65 | 165.21% |
| PHILIPPINE TRUST COMPANY | 1,965,620,159.61 | 1,148,806,061.17 | 171.10% |
| OPTIMUM DEVELOPMENT BANK INC | 44,661,296.13 | 17,197,495.99 | 259.70% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 3,334,739.21 | 1,156,048.97 | 288.46% |
| SECURITY BANK CORPORATION | 2,273,945,259.84 | 679,832,902.36 | 334.49% |
| KOREA EXCHANGE BANK | 85,124,833.55 | 24,799,833.58 | 343.25% |
| METROPOLITAN BANK & TRUST CO | 11,545,125,383.14 | 3,124,797,642.79 | 369.47% |
| CITIBANK, N.A. | 5,304,673,303.96 | 844,338,675.22 | 628.26% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 69,823,282.30 | 8,660,895.91 | 806.19% |
| ANZ BANKING GROUP LTD | 260,589,391.19 | 23,339,114.85 | 1116.54% |
| JP MORGAN CHASE BANK NATIONAL ASSOCIATION | 20,443,950.00 | 734,885.22 | 2781.92% |
| BANGKOK BANK PUBLIC CO LTD | 143,125,187.50 | 4,954,155.55 | 2888.99% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 167,503,858.26 | 89.08 | 188037559.79% |
| BANK OF AMERICA N.A. | 10,250,004.00 | 4.00 | 256250100.00% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | NA |
| BDO PRIVATE BANK, INC. | 57,350,538.02 | 0.00 | NA |
| DEUTSCHE BANK AG | 249,602,970.71 | 0.00 | NA |
| ISLA BANK (A THRIFT BANK) INC | 4,004,580.33 | 0.00 | NA |
| MBANK PHILIPPINES | 10,322,814.95 | 0.00 | NA |
| MEGA INTERNATIONAL COMMERCIAL BANK CO LTD | 209,629,759.54 | 0.00 | NA |
| MIZUHO BANK LTD - MANILA BRANCH | 354,943,963.71 | 0.00 | NA |
| THE BANK OF TOKYO-MITSUBISHI UFJ LTD | 356,910,030.46 | 0.00 | NA |
| Grand Total | 150,519,060,671.36 | 118,115,994,900.77 | 127.43% |
Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some banks that could eat into a substantial chunk (20% or more) of their Stockholder's Equity. Based on the table below, around 10 banks will be severely affected:
| Philippine Banking System | ||||||
| Impact on SE of Minimum Loan Loss Provisions | ||||||
| December 31, 2013 | ||||||
| Bank | Gross NPLs | Minimum Loan Loss Provisions at 80% NPL Coverage Ratio | Actual Loan Loss Provisions | Excess/Deficit Loan Loss Provisions | Stockholder's Equity | Impact on SE |
| THE REAL BANK (A THRIFT BANK) INC | 3,222,282,611.51 | 2,577,826,089.21 | 591,788,212.44 | -1,986,037,876.77 | 806,215,196.88 | -246.34% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 129,775,492.78 | 103,820,394.22 | 16,841,261.68 | -86,979,132.54 | 61,638,110.53 | -141.11% |
| PLANTERS DEVELOPMENT BANK | 3,267,592,729.96 | 2,614,074,183.97 | 1,247,082,924.76 | -1,366,991,259.21 | 2,709,190,353.46 | -50.46% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 169,661,344.38 | 135,729,075.50 | 45,072,038.57 | -90,657,036.93 | 206,730,309.57 | -43.85% |
| COMSAVINGS BANK | 189,798,517.04 | 151,838,813.63 | 60,506,624.39 | -91,332,189.24 | 230,763,397.64 | -39.58% |
| DUNGGANON BANK (A MICROFINANCE THRIFT | 47,508,153.45 | 38,006,522.76 | 9,917,922.56 | -28,088,600.20 | 84,914,347.98 | -33.08% |
| EQUICOM SAVINGS BANK INC | 253,955,691.53 | 203,164,553.22 | 73,536,507.76 | -129,628,045.46 | 498,166,589.96 | -26.02% |
| NORTHPOINT DEV'T BANK INC | 37,110,605.65 | 29,688,484.52 | 10,662,692.95 | -19,025,791.57 | 74,030,797.44 | -25.70% |
| WEALTH DEVELOPMENT BANK CORPORATION | 184,239,801.85 | 147,391,841.48 | 64,853,212.07 | -82,538,629.41 | 363,668,842.05 | -22.70% |
| ALLIED SAVINGS BANK | 401,441,372.70 | 321,153,098.16 | 112,822,049.52 | -208,331,048.64 | 966,841,559.87 | -21.55% |
| METRO CEBU PUBLIC SAVINGS BANK | 19,055,765.67 | 15,244,612.54 | 2,960,442.96 | -12,284,169.58 | 63,038,890.96 | -19.49% |
| PHILIPPINE RESOURCES SAVINGS BANKING | 568,270,831.20 | 454,616,664.96 | 202,392,303.77 | -252,224,361.19 | 1,600,287,621.08 | -15.76% |
| MARITIME SAVINGS BANK CORPORATION | 16,368,803.56 | 13,095,042.85 | 2,755,197.36 | -10,339,845.49 | 67,829,316.54 | -15.24% |
| FARMERS SAVINGS & LOAN BANK INC | 48,471,260.01 | 38,777,008.01 | 24,484,516.84 | -14,292,491.17 | 114,015,222.56 | -12.54% |
| PAMPANGA DEVELOPMENT BANK | 40,745,518.38 | 32,596,414.70 | 18,644,033.89 | -13,952,380.81 | 117,192,461.70 | -11.91% |
| MALASIQUI PROGRESSIVE SLB, INC | 16,092,906.25 | 12,874,325.00 | 6,470,762.05 | -6,403,562.95 | 54,034,929.02 | -11.85% |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 779,111,419.36 | 623,289,135.49 | 435,380,455.41 | -187,908,680.08 | 1,617,042,495.35 | -11.62% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 94,745,384.44 | 75,796,307.55 | 48,608,159.37 | -27,188,148.18 | 242,349,904.07 | -11.22% |
| BATAAN DEVELOPMENT BANK | 28,911,402.09 | 23,129,121.67 | 15,592,398.15 | -7,536,723.52 | 68,240,142.11 | -11.04% |
| LUZON DEVELOPMENT BANK | 153,927,139.62 | 123,141,711.70 | 72,750,844.92 | -50,390,866.78 | 481,131,559.05 | -10.47% |
| PRODUCERS SAVINGS BANK CORPORATION | 200,833,871.97 | 160,667,097.58 | 61,550,165.21 | -99,116,932.37 | 1,182,102,090.12 | -8.38% |
| BUSINESS AND CONSUMERS BANK (A DB) | 16,884,925.63 | 13,507,940.50 | 7,172,172.37 | -6,335,768.13 | 80,500,827.25 | -7.87% |
| LIFE SAVINGS BANK INC | 9,639,927.96 | 7,711,942.37 | 2,499,806.08 | -5,212,136.29 | 66,553,066.52 | -7.83% |
| DUMAGUETE CITY DEVELOPMENT BANK INC | 41,156,519.67 | 32,925,215.74 | 17,300,528.04 | -15,624,687.70 | 216,227,266.65 | -7.23% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 315,155,109.94 | 252,124,087.95 | 174,001,180.52 | -78,122,907.43 | 1,097,017,961.88 | -7.12% |
| HIYAS BANKING CORPORATION | 29,217,436.77 | 23,373,949.42 | 12,588,045.27 | -10,785,904.15 | 161,385,481.39 | -6.68% |
| TONG YANG SAVINGS BANK INC | 148,666,358.33 | 118,933,086.66 | 94,606,108.54 | -24,326,978.12 | 390,716,494.64 | -6.23% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 88,682,976.78 | 70,946,381.42 | 64,885,845.59 | -6,060,535.83 | 97,350,763.11 | -6.23% |
| CHINA BANK SAVINGS INC | 268,611,569.73 | 214,889,255.78 | 157,725,625.07 | -57,163,630.71 | 1,048,818,111.09 | -5.45% |
| VILLAGE BANK INC (A THRIFT BANK) | 25,784,609.74 | 20,627,687.79 | 17,342,200.42 | -3,285,487.37 | 74,607,045.44 | -4.40% |
| LEMERY SAVINGS & LOAN BANK, INC. | 9,750,997.76 | 7,800,798.21 | 5,008,824.64 | -2,791,973.57 | 68,914,048.64 | -4.05% |
| RCBC SAVINGS BANK INC | 1,828,298,222.91 | 1,462,638,578.33 | 1,188,628,847.92 | -274,009,730.41 | 6,899,395,315.46 | -3.97% |
| EAST WEST BANKING CORP | 4,648,406,663.92 | 3,718,725,331.14 | 3,213,452,982.56 | -505,272,348.58 | 19,118,256,899.86 | -2.64% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 3,566,888.20 | 2,853,510.56 | 1,315,623.91 | -1,537,886.65 | 58,839,248.19 | -2.61% |
| CENTURY SAVINGS BANK CORPORATION | 40,116,374.32 | 32,093,099.46 | 12,646,730.90 | -19,446,368.56 | 911,497,011.92 | -2.13% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 191,253,994.34 | 153,003,195.47 | 139,386,958.18 | -13,616,237.29 | 1,024,055,944.77 | -1.33% |
| THE PALAWAN BANK (PALAWAN DB) INC | 14,232,122.87 | 11,385,698.30 | 11,073,497.04 | -312,201.26 | 26,205,515.71 | -1.19% |
| PROGRESS SAVINGS AND LOAN BANK INC | 1,269,493.88 | 1,015,595.10 | 302,593.35 | -713,001.75 | 83,008,094.43 | -0.86% |
| CITYSTATE SAVINGS BANK INC | 42,355,159.83 | 33,884,127.86 | 27,682,977.13 | -6,201,150.73 | 771,935,670.79 | -0.80% |
| BANK ONE SAVINGS AND TRUST CORP. | 15,304,127.53 | 12,243,302.02 | 8,261,602.53 | -3,981,699.49 | 542,290,082.23 | -0.73% |
| TOWER DEVELOPMENT BANK | 11,026,032.92 | 8,820,826.34 | 8,420,489.57 | -400,336.77 | 112,560,495.06 | -0.36% |
| BATAAN SAVINGS AND LOAN BANK | 2,842,178.92 | 2,273,743.14 | 2,137,583.98 | -136,159.16 | 71,501,666.95 | -0.19% |
| CITY SAVINGS BANK INC | 391,518,685.68 | 313,214,948.54 | 309,246,716.78 | -3,968,231.76 | 3,155,445,882.46 | -0.13% |
| MICROFINANCE MAXIMUM SB INC | 374,895.56 | 299,916.45 | 284,268.86 | -15,647.59 | 45,791,031.87 | -0.03% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | 0.00 | 0.00 | 1,592,542,542.62 | 0.00% |
| MAYBANK PHILIPPINES INC | 1,036,927,723.27 | 829,542,178.62 | 842,481,789.38 | 12,939,610.76 | 10,219,650,372.27 | 0.13% |
| MERCHANTS SAVINGS & LOAN ASSOCIATION INC | 4,003,853.45 | 3,203,082.76 | 5,580,681.06 | 2,377,598.30 | 488,242,200.45 | 0.49% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,156,048.97 | 924,839.18 | 3,334,739.21 | 2,409,900.03 | 392,277,101.62 | 0.61% |
| ISLA BANK (A THRIFT BANK) INC | 0.00 | 0.00 | 4,004,580.33 | 4,004,580.33 | 648,121,453.33 | 0.62% |
| UNIVERSITY SAVINGS BANK INC | 48,120,002.84 | 38,496,002.27 | 40,166,844.80 | 1,670,842.53 | 213,776,498.41 | 0.78% |
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | 57,350,538.02 | 57,350,538.02 | 6,182,595,239.49 | 0.93% |
| JP MORGAN CHASE BANK NATIONAL ASSOCIATION | 734,885.22 | 587,908.18 | 20,443,950.00 | 19,856,041.82 | 1,556,917,580.74 | 1.28% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS | 745,484,055.76 | 596,387,244.61 | 688,901,501.15 | 92,514,256.54 | 7,110,533,709.94 | 1.30% |
| PRIDE STAR DEVELOPMENT BANK INC | 6,473,437.72 | 5,178,750.18 | 6,090,315.48 | 911,565.30 | 69,890,199.26 | 1.30% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 14,540,829.34 | 11,632,663.47 | 20,336,371.31 | 8,703,707.84 | 656,548,271.48 | 1.33% |
| HSBC SAVINGS BANK (PHILS) INC | 52,860,163.68 | 42,288,130.94 | 82,454,886.81 | 40,166,755.87 | 2,825,066,001.29 | 1.42% |
| PHILIPPINE NATIONAL BANK | 10,686,422,376.48 | 8,549,137,901.18 | 9,706,366,246.18 | 1,157,228,345.00 | 75,851,044,114.67 | 1.53% |
| SUN SAVINGS BANK INC | 7,460,733.37 | 5,968,586.70 | 7,624,041.50 | 1,655,454.80 | 104,623,612.45 | 1.58% |
| ASIA UNITED BANK CORPORATION | 1,073,013,698.39 | 858,410,958.71 | 1,144,088,009.70 | 285,677,050.99 | 18,014,404,268.37 | 1.59% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 201,814,159.62 | 161,451,327.70 | 165,112,327.81 | 3,661,000.11 | 222,466,942.65 | 1.65% |
| ROBINSONS BANK CORPORATION | 421,843,064.16 | 337,474,451.33 | 423,135,641.62 | 85,661,190.29 | 5,172,343,787.97 | 1.66% |
| BANK OF AMERICA N.A. | 4.00 | 3.20 | 10,250,004.00 | 10,250,000.80 | 596,946,705.20 | 1.72% |
| PACIFIC ACE SAVINGS BANK INC | 2,030,876.69 | 1,624,701.35 | 2,958,345.96 | 1,333,644.61 | 75,606,367.84 | 1.76% |
| CTBC BANK (PHILIPPINES) CORPORATION | 388,279,116.49 | 310,623,293.19 | 430,854,254.74 | 120,230,961.55 | 6,359,806,854.09 | 1.89% |
| INTER-ASIA DEVELOPMENT BANK | 4,504,816.66 | 3,603,853.33 | 4,867,124.76 | 1,263,271.43 | 52,276,134.45 | 2.42% |
| RIZAL COMMERCIAL BANKING CORP | 3,527,950,432.52 | 2,822,360,346.02 | 3,953,625,097.54 | 1,131,264,751.52 | 45,974,823,788.29 | 2.46% |
| DEVELOPMENT BANK OF THE PHILIPPINES | 5,639,214,503.34 | 4,511,371,602.67 | 5,732,499,835.71 | 1,221,128,233.04 | 40,750,998,289.34 | 3.00% |
| SECURITY BANK SAVINGS CORPORATION | 838,735,420.10 | 670,988,336.08 | 704,101,471.09 | 33,113,135.01 | 1,063,659,584.16 | 3.11% |
| PHILIPPINE POSTAL SAVINGS BANK INC | 392,952,272.30 | 314,361,817.84 | 337,902,530.38 | 23,540,712.54 | 655,747,468.09 | 3.59% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 443,718,187.84 | 354,974,550.27 | 434,987,219.55 | 80,012,669.28 | 2,189,760,426.95 | 3.65% |
| BPI FAMILY SAVINGS BANK INC | 4,370,697,474.80 | 3,496,557,979.84 | 4,150,003,240.95 | 653,445,261.11 | 17,631,547,816.22 | 3.71% |
| SECURITY BANK CORPORATION | 679,832,902.36 | 543,866,321.89 | 2,273,945,259.84 | 1,730,078,937.95 | 40,658,066,501.58 | 4.26% |
| OPTIMUM DEVELOPMENT BANK INC | 17,197,495.99 | 13,757,996.79 | 44,661,296.13 | 30,903,299.34 | 713,108,078.00 | 4.33% |
| PHILIPPINE VETERANS BANK | 960,196,997.18 | 768,157,597.74 | 1,040,706,212.22 | 272,548,614.48 | 6,209,367,453.06 | 4.39% |
| BANK OF COMMERCE | 3,903,798,967.05 | 3,123,039,173.64 | 3,732,183,897.55 | 609,144,723.91 | 13,817,646,787.11 | 4.41% |
| PHILIPPINE TRUST COMPANY | 1,148,806,061.17 | 919,044,848.94 | 1,965,620,159.61 | 1,046,575,310.67 | 20,441,716,930.88 | 5.12% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 89.08 | 71.26 | 167,503,858.26 | 167,503,787.00 | 3,132,011,905.89 | 5.35% |
| CARD SME BANK INC A THRIFT BANK | 19,612,047.57 | 15,689,638.06 | 30,825,368.13 | 15,135,730.07 | 274,434,454.71 | 5.52% |
| UCPB SAVINGS BANK | 284,342,672.31 | 227,474,137.85 | 374,692,441.33 | 147,218,303.48 | 2,645,570,961.14 | 5.56% |
| CORDILLERA SAVINGS BANK INC | 14,750,218.80 | 11,800,175.04 | 17,598,795.59 | 5,798,620.55 | 103,395,121.60 | 5.61% |
| BANK OF THE PHILIPPINE ISLANDS | 6,787,741,471.65 | 5,430,193,177.32 | 11,214,018,218.15 | 5,783,825,040.83 | 99,164,800,917.73 | 5.83% |
| SAMPAGUITA SAVINGS BANK INC | 22,719,477.39 | 18,175,581.91 | 21,561,538.64 | 3,385,956.73 | 56,674,898.04 | 5.97% |
| PHIL BANK OF COMMUNICATIONS | 1,240,984,212.26 | 992,787,369.81 | 1,298,386,827.43 | 305,599,457.62 | 4,884,526,700.64 | 6.26% |
| METROPOLITAN BANK & TRUST CO | 3,124,797,642.79 | 2,499,838,114.23 | 11,545,125,383.14 | 9,045,287,268.91 | 130,413,414,436.45 | 6.94% |
| UNION BANK OF THE PHILIPPINES | 8,949,967,078.89 | 7,159,973,663.11 | 10,325,961,619.49 | 3,165,987,956.38 | 40,738,622,254.61 | 7.77% |
| LAND BANK OF THE PHILIPPINES | 7,317,990,983.02 | 5,854,392,786.42 | 11,660,698,316.19 | 5,806,305,529.77 | 72,317,804,694.85 | 8.03% |
| UNITED COCONUT PLANTERS BANK | 4,791,102,973.68 | 3,832,882,378.94 | 5,364,105,869.45 | 1,531,223,490.51 | 18,923,327,348.00 | 8.09% |
| MBANK PHILIPPINES | 0.00 | 0.00 | 10,322,814.95 | 10,322,814.95 | 125,138,767.06 | 8.25% |
| CHINA BANKING CORPORATION | 4,117,935,690.11 | 3,294,348,552.09 | 6,790,729,651.70 | 3,496,381,099.61 | 41,787,498,261.93 | 8.37% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,660,895.91 | 6,928,716.73 | 69,823,282.30 | 62,894,565.57 | 746,794,923.86 | 8.42% |
| BDO UNIBANK INC | 17,239,114,625.78 | 13,791,291,700.62 | 28,022,669,195.37 | 14,231,377,494.75 | 163,633,762,916.89 | 8.70% |
| PHILIPPINE SAVINGS BANK | 3,655,420,772.73 | 2,924,336,618.18 | 4,284,860,503.44 | 1,360,523,885.26 | 15,121,817,848.77 | 9.00% |
| BPI DIRECT SAVINGS BANK INC | 121,202,841.76 | 96,962,273.41 | 186,860,512.64 | 89,898,239.23 | 972,616,889.68 | 9.24% |
| HONGKONG & SHANGHAI BANKING CORPORATION | 829,841,922.61 | 663,873,538.09 | 1,223,836,685.13 | 559,963,147.04 | 5,856,722,324.95 | 9.56% |
| ANZ BANKING GROUP LTD | 23,339,114.85 | 18,671,291.88 | 260,589,391.19 | 241,918,099.31 | 2,312,184,822.81 | 10.46% |
| KOREA EXCHANGE BANK | 24,799,833.58 | 19,839,866.86 | 85,124,833.55 | 65,284,966.69 | 618,026,086.10 | 10.56% |
| BANGKOK BANK PUBLIC CO LTD | 4,954,155.55 | 3,963,324.44 | 143,125,187.50 | 139,161,863.06 | 1,170,854,993.88 | 11.89% |
| DEUTSCHE BANK AG | 0.00 | 0.00 | 249,602,970.71 | 249,602,970.71 | 2,038,174,079.87 | 12.25% |
| STANDARD CHARTERED BANK | 1,086,525,758.42 | 869,220,606.74 | 1,353,946,955.42 | 484,726,348.68 | 3,310,605,442.92 | 14.64% |
| THE BANK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | 356,910,030.46 | 356,910,030.46 | 2,284,664,024.91 | 15.62% |
| UNITED OVERSEAS BANK PHILIPPINES | 664,931,491.65 | 531,945,193.32 | 666,212,932.81 | 134,267,739.49 | 700,169,994.52 | 19.18% |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 0.00 | 354,943,963.71 | 354,943,963.71 | 1,319,435,712.15 | 26.90% |
| MEGA INTERNATIONAL COMMERCIAL BANK CO LTD | 0.00 | 0.00 | 209,629,759.54 | 209,629,759.54 | 757,011,827.28 | 27.69% |
| CITIBANK SAVINGS INC | 2,308,133,797.81 | 1,846,507,038.25 | 2,287,438,110.91 | 440,931,072.66 | 1,588,734,573.60 | 27.75% |
| CITIBANK, N.A. | 844,338,675.22 | 675,470,940.18 | 5,304,673,303.96 | 4,629,202,363.78 | 7,545,425,770.57 | 61.35% |
| Grand Total | 118,115,994,900.77 | 94,492,795,920.62 | 150,519,060,671.36 | 56,026,264,750.74 | 1,000,788,644,101.93 | 5.60% |
Out of the 10 banks highlighted in yellow, 6 banks have been regularly listed as one of the"The Top Distressed Philippine Banks as of December 31, 2013".
Planters Development Bank faces a shortfall of 50.46% of its stated stockholders equity of Php 2.709 billion if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%. Planters nearly failed in the last half of 2013 but was rescued by its timely acquisition by China Banking Corporation, a much healthier bank, for Php 1.863 billion last September 18, 2013. This represents a 40% discount to Planters stated book value of Php 3.133 billion as of September 30, 2013 or a 41% premium to their actual book value of Php 1.323 billion (after subtracting for unbooked losses/deferred charges). For more information regarding this, please read a previous blog post: "The Near Death Experience of Planters Development Bank".
We predicted that another bank on this list, The Real Bank, which had a loan loss provision shortfall of 2.46 times its equity as of December 31, 2013, would have to be recapitalized several times over to meet minimum loan loss provisions on its Gross NPLs. Just a week ago, the bank was acquired by BDO Unibank, the largest bank in the country, and now has the financial resources to undertake this much needed recapitalization.
No comments:
Post a Comment