Philippine Banks Improve in the 1st Qtr. of 2014

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 46.003 billion or 7.53% from December 31, 2013 to March 31, 2014.  This decrease was offset by a 11.22% 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 3.08%, from 59.49% as of December 31, 2013 to 57.65% as of March 31, 2014. (Distressed banks are highlighted in yellow).

Those banks that posted significant improvements (25% or more) in this ratio include:

1. Citibank Savings Bank Inc (91.18% decrease)
2. Internationale Nederlanden Groep Bank (73.95% decrease)
3. University Savings Bank (56.05% decrease)
4. Mega International Commercial Bank Co Ltd (52.20% decrease)
5. Opportunity Kauswagan Bank Inc. (49.73% decrease)
6. First Consolidated Bank Inc (39.54% decrease)
7. Enterprise Bank (33.83% decrease)
8. Equicom Savings Bank (33.03% decrease)
9. Bank of the Philippine Islands (32.51% decrease)
10. ANZ Banking Group Ltd (29.53% decrease)
11. United Overseas Bank Philippines (26.52% decrease)
12. BPI Direct Savings Bank (26.16% decrease)
13. Dungganon Bank (25.12% decrease)

The banks that exhibited significant deterioration (25% or more) in this ratio include:

1. JP Morgan Chase Bank National Association (879.19% increase)
2. The Real Bank (207.94% increase)
3. BDO Elite Savings Bank Inc. (125.06% increase)
4. Pacific Ace Savings Bank Inc. (122.05% increase)
5. Business and Consumers Bank (83.92% increase)
6. BDO Private Bank, Inc. (51.97% increase)
7. BPI Globe Banko Inc. (47.32% increase)
8. Malasiqui Progressive SLB, Inc. (46.77% increase)
9. Philippine Trust Company (40.93% increase)
10. UCPB Savings Bank (37.37% increase)
11. Land Bank of the Philippines (37.32% increase)
12. Citystate Savings Bank (28.06% increase)
13. Allied Savings Bank (27.78% increase)
14. CTBC Bank (27.07% 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 1st Qtr. of 2014.  These three banks ranked as distressed showed significant deterioration in their distressed ratios as of March 31, 2014.  These banks are:

1. The Real Bank (207.94% increase)
2. Business and Consumers Bank (83.92% increase)
3. BPI Globe Banko Inc. (47.32% increase)

The Real Bank still ranks as the most distressed Philippine Bank.  With a Distressed Asset Ratio of 3818.71%, its Total Distressed Assets are more than thirty-eight times its Total Capital Cushion.  The second most distressed Philippine Bank is Legazpi Savings Bank.  Its Total Distressed Assets are over nineteen times its Total Capital Cushion.

The list of Philippine Banks classified as distressed as of March 31, 2014 are as follows:

1. The Real Bank (Distressed Ratio of 3818.71%)
2. Legazpi Savings Bank (Distressed Ratio of 1942.31%)
3. Bank of China Limited - Manila Branch (Distressed Ratio of 942.64%)
4. Comsavings Bank (Distressed Ratio of 898.15%)
5. Village Bank Inc. (Distressed Ratio of 693.87%)
6. United Coconut Planters (Distressed Ratio of 302.59%)
7. Inter-Asia Development Bank (Distressed Ratio of 297.06%)
8. Business and Consumers Bank (Distressed Ratio of 271.22%)
9. Citibank, N.A. (Distressed Ratio of 263.39%)
10. Planters Development Bank (Distressed Ratio of 228.23%)
11. Standard Chartered Bank (210.52%)
12. Bank of Commerce (Distressed Ratio of 184.73%)
13. World Partners Bank (Distressed Ratio of 150.96%)
14. Bataan Development Bank (Distressed Ratio of 143.59%)
15. Philippine Bank of Communications (Distressed Ratio of 135.69%)
16. Microfinance Maximum SB Inc. (Distressed Ratio of 125.13%)
17. China Bank Savings Inc. (Distressed Ratio of 121.82%)
18. RCBC Savings Bank Inc. (Distressed Ratio of 118.79%)
19. Enterprise Bank Inc. (Distressed Ratio of 115.88%)
20. Philippine Globe Banko Inc. (Distressed Ratio of 110.63%)
21. Philippine Veterans Bank (Distressed Ratio of 106.41%)
22. Korea Exchange Bank (Distressed Ratio of 102.53%)

As a group the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 220.14% as of March 31, 2014, down from 228.24% as of December 31, 2013.  

Departures

University Savings Bank, which had a Distressed Ratio of 176.94% as of December 31, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 77.76% as of March 31, 2014.  Similarly, Opportunity Kauswagan Bank Inc., which had a Distressed Ratio of 157.17% as of December 31, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 79.01% as of March 31, 2014.   Equicom Savings Bank, which had a Distressed Ratio of 131.03% as of December 31, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 87.75% as of March 31, 2014. 

Arrivals

Three banks entered the Distressed Banks List: BPI Globe Banko Inc., Philippine Veterans Bank, and Korea Exchange Bank.    BPI Globe Banko Inc., which had a Distressed Ratio of 75.10% as of December 31, 2013, entered the list of Distressed Banks with a Distressed Ratio of 110.63% as of March 31, 2014.  Similarly, Philippine Veterans Bank, which had a Distressed Ratio of 96.72% as of December 31, 2013, entered the list of Distressed Banks with a Distressed Ratio of 106.41% as of March 31, 2014.   Korea Exchange Bank, which had a Distressed Ratio of 82.72% as of December 31, 2013, entered the list of Distressed Banks with a Distressed Ratio of 102.53% as of March 31, 2014. 

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2013 to March 31, 2014
In %
Bank	March 31, 2014	December 31, 2013	Variance	% Variance
JP MORGAN CHASE BANK NATIONAL ASSN.	20.57%	2.10%	18.47%	879.19%
THE REAL BANK (A THRIFT BANK) INC	3818.71%	1240.06%	2578.64%	207.94%
BDO ELITE SAVINGS BANK INC	12.54%	5.57%	6.97%	125.06%
PACIFIC ACE SAVINGS BANK INC	13.55%	6.10%	7.45%	122.05%
BUSINESS AND CONSUMERS BANK (A DB)	271.22%	147.47%	123.76%	83.92%
BDO PRIVATE BANK, INC.	36.82%	24.23%	12.59%	51.97%
BPI GLOBE BANKO INC A SAVINGS BANK	110.63%	75.10%	35.54%	47.32%
MALASIQUI PROGRESSIVE SLB, INC	40.10%	27.32%	12.78%	46.77%
PHIL TRUST COMPANY	36.09%	25.61%	10.48%	40.93%
UCPB SAVINGS BANK	76.23%	55.49%	20.74%	37.37%
LAND BANK OF THE PHILIPPINES	58.68%	42.73%	15.95%	37.32%
CITYSTATE SAVINGS BANK INC	33.08%	25.83%	7.25%	28.06%
ALLIED SAVINGS BANK	57.53%	45.02%	12.51%	27.78%
CTBC BANK (PHILIPPINES) CORP	21.87%	17.21%	4.66%	27.07%
MICROFINANCE MAXIMUM SB INC	125.13%	100.25%	24.89%	24.83%
KOREA EXCHANGE BANK	102.53%	82.72%	19.81%	23.95%
PHILIPPINE BUSINESS BANK INC A SAVINGS	25.14%	20.53%	4.60%	22.42%
BANK OF COMMERCE	184.73%	152.79%	31.94%	20.91%
INTER-ASIA DEVELOPMENT BANK	297.06%	249.74%	47.32%	18.95%
SECURITY BANK SAVINGS CORPORATION	97.72%	82.32%	15.40%	18.71%
SAMPAGUITA SAVINGS BANK INC	34.70%	29.51%	5.19%	17.60%
TONGYANG SAVINGS BANK INC	50.98%	43.38%	7.60%	17.52%
ASIA UNITED BANK CORPORATION	43.41%	37.62%	5.79%	15.39%
PHIL NATIONAL BANK	87.07%	76.41%	10.67%	13.96%
NORTHPOINT DEV'T BANK INC	73.49%	65.25%	8.24%	12.63%
PRODUCERS SAVINGS BANK CORPORATION	72.15%	64.20%	7.95%	12.38%
MERCHANTS SAVINGS & LOAN ASSN INC	54.48%	48.72%	5.76%	11.83%
DUMAGUETE CITY DEV BANK INC	92.21%	82.67%	9.54%	11.55%
PHILIPPINE VETERANS BANK	106.41%	96.72%	9.69%	10.02%
HSBC SAVINGS BANK(PHILS) INC	11.56%	10.63%	0.93%	8.76%
COMSAVINGS BANK	898.15%	830.28%	67.88%	8.18%
CITIBANK, N.A.	263.39%	243.61%	19.78%	8.12%
CORDILLERA SAVINGS BANK INC	44.09%	40.92%	3.17%	7.75%
MARITIME SAVINGS BANK CORPORATION	45.37%	42.67%	2.69%	6.31%
MALAYAN BANK SAVINGS AND MORT BANK INC	94.69%	89.60%	5.10%	5.69%
STANDARD CHARTERED BANK	210.52%	199.59%	10.93%	5.48%
CHINA BANKING CORP	45.35%	43.20%	2.15%	4.99%
PLANTERS DEVELOPMENT BANK	228.23%	217.86%	10.36%	4.76%
1ST VALLEY BANK INC A DEVELOPMENT BANK	30.11%	29.37%	0.75%	2.54%
LEMERY SAVINGS & LOAN BANK, INC.	23.72%	23.20%	0.52%	2.23%
LUZON DEVELOPMENT BANK	54.45%	53.44%	1.01%	1.89%
CHINA BANK SAVINGS INC	121.82%	119.62%	2.20%	1.84%
BATAAN SAVINGS AND LOAN BANK	14.68%	14.51%	0.17%	1.17%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	5.40%	5.35%	0.06%	1.08%
QUEZON COCONUT BANK INC (A THRIFT BANK)	29.04%	28.91%	0.13%	0.46%
BANK OF CHINA LIMITED-MANILA BRANCH	942.64%	941.17%	1.47%	0.16%
BANGKOK BANK PUBLIC CO LTD	4.14%	4.13%	0.01%	0.12%
PROGRESS SAVINGS AND LOAN BANK INC	5.04%	5.07%	-0.02%	-0.48%
THE PALAWAN BANK (PALAWAN DB) INC	64.22%	64.55%	-0.33%	-0.51%
WEALTH DEVELOPMENT BANK CORPORATION	82.52%	83.09%	-0.56%	-0.68%
BANK ONE SAVINGS AND TRUST CORP.	39.02%	39.46%	-0.44%	-1.12%
BDO UNIBANK INC	39.95%	40.50%	-0.55%	-1.36%
ISLA BANK(A THRIFT BANK) INC	7.77%	7.89%	-0.11%	-1.43%
CENTURY SAVINGS BANK CORPORATION	8.18%	8.34%	-0.16%	-1.90%
MAYBANK PHILIPPINES INC	31.30%	31.97%	-0.67%	-2.09%
PRIDE STAR DEVELOPMENT BANK INC	63.98%	65.62%	-1.64%	-2.50%
METROPOLITAN BANK & TCO	39.98%	41.09%	-1.11%	-2.70%
STERLING BANK OF ASIA INC (A SAVINGS	80.49%	83.30%	-2.81%	-3.37%
METRO CEBU PUBLIC SAVINGS BANK	52.16%	54.47%	-2.31%	-4.24%
DEVELOPMENT BANK OF THE PHIL	44.07%	46.08%	-2.01%	-4.37%
PAMPANGA DEVELOPMENT BANK	38.16%	40.03%	-1.87%	-4.66%
BATAAN DEVELOPMENT BANK	143.59%	151.03%	-7.45%	-4.93%
VILLAGE BANK INC (A THRIFT BANK)	693.87%	739.25%	-45.38%	-6.14%
RCBC SAVINGS BANK INC	118.79%	126.71%	-7.92%	-6.25%
FARMERS SAVINGS & LOAN BANK INC	80.91%	87.22%	-6.31%	-7.24%
PHIL BANK OF COMMUNICATIONS	135.69%	146.98%	-11.30%	-7.69%
EAST WEST BANKING CORP	59.40%	64.60%	-5.20%	-8.04%
TOWER DEVELOPMENT BANK	18.96%	20.68%	-1.72%	-8.32%
UNION BANK OF THE PHILS	70.25%	77.90%	-7.65%	-9.82%
SECURITY BANK CORP	23.32%	25.94%	-2.63%	-10.12%
PHIL POSTAL SAVINGS BANK INC	61.37%	68.94%	-7.57%	-10.98%
SUN SAVINGS BANK INC	7.72%	8.85%	-1.12%	-12.69%
BPI FAMILY SAVINGS BANK INC	50.45%	57.81%	-7.36%	-12.73%
BANK OF AMERICA N.A.	5.02%	5.77%	-0.74%	-12.88%
MIZUHO BANK LTD - MANILA BRANCH	35.95%	41.64%	-5.69%	-13.66%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.29%	2.66%	-0.37%	-13.85%
HONGKONG & SHANGHAI BANKING CORP	64.75%	75.16%	-10.41%	-13.86%
PHIL SAVINGS BANK	75.62%	88.23%	-12.61%	-14.29%
DEUTSCHE BANK AG	83.06%	97.50%	-14.44%	-14.81%
PENBANK INC (A PDB) (FORMERLY: PENINSULA	63.23%	75.06%	-11.83%	-15.76%
LIFE SAVINGS BANK INC	36.10%	43.02%	-6.92%	-16.08%
PHILIPPINE RESOURCES SAVINGS BANKING	74.60%	89.20%	-14.60%	-16.37%
ROBINSONS BANK CORPORATION	37.31%	44.76%	-7.45%	-16.64%
OPTIMUM DEVELOPMENT BANK INC	14.81%	17.86%	-3.04%	-17.04%
WORLD PARTNERS BANK (A THRIFT BANK)	150.96%	187.91%	-36.95%	-19.66%
UNITED COCONUT PLANTERS BANK	302.59%	379.21%	-76.62%	-20.21%
CARD SME BANK INC A THRIFT BANK	16.18%	20.44%	-4.26%	-20.83%
RIZAL COMM'L BANKING CORP	36.36%	46.37%	-10.01%	-21.59%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK	22.26%	28.69%	-6.42%	-22.39%
HIYAS BANKING CORPORATION	18.46%	24.02%	-5.56%	-23.15%
DUNGGANON BANK (A MICROFINANCE THRIFT	41.08%	54.87%	-13.78%	-25.12%
BPI DIRECT SAVINGS BANK INC	18.01%	24.38%	-6.38%	-26.16%
UNITED OVERSEAS BANK PHILIPPINES	41.92%	57.05%	-15.13%	-26.52%
ANZ BANKING GROUP LTD	26.89%	38.16%	-11.27%	-29.53%
BANK OF THE PHIL ISLANDS	26.82%	39.74%	-12.92%	-32.51%
EQUICOM SAVINGS BANK INC	87.75%	131.03%	-43.27%	-33.03%
ENTERPRISE BANK INC (A THRIFT BANK)	115.88%	175.13%	-59.25%	-33.83%
FIRST CONSOLIDATED BANK INC (A PDB)	24.99%	41.34%	-16.35%	-39.54%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE	79.01%	157.17%	-78.17%	-49.73%
MEGA INT'L COMM'L BANK CO LTD	37.30%	78.04%	-40.74%	-52.20%
UNIVERSITY SAVINGS BANK INC	77.76%	176.94%	-99.18%	-56.05%
INTERNATIONALE NEDERLANDEN GROEP BK	7.09%	27.21%	-20.13%	-73.95%
CITIBANK SAVINGS INC	7.90%	89.52%	-81.62%	-91.18%
CITY SAVINGS BANK INC	NA	33.54%	NA	NA
LEGAZPI SAVINGS BANK INC	1942.31%	NA	NA	NA
MBANK PHILIPPINES	NA	11.02%	NA	NA
Grand Total	57.65%	59.49%	-1.83%	-3.08%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2013 to March 31, 2014
In Php
		March 31, 2014				December 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	7,297,227,604.98	191,091,636.75	3818.71%		7,658,858,671.42	617,617,621.91	1240.06%		-361,631,066.44	-426,525,985.16	2578.64%		-4.72%	-69.06%	207.94%
LEGAZPI SAVINGS BANK INC	883,616,575.38	45,493,094.16	1942.31%		NA	NA	NA		NA	NA	NA		NA	NA	NA
BANK OF CHINA LIMITED-MANILA BRANCH	6,482,965,116.72	687,745,807.59	942.64%		6,474,009,509.68	687,867,475.30	941.17%		8,955,607.04	-121,667.71	1.47%		0.14%	-0.02%	0.16%
COMSAVINGS BANK	1,419,267,559.05	158,020,725.06	898.15%		1,409,515,860.14	169,764,780.11	830.28%		9,751,698.91	-11,744,055.05	67.88%		0.69%	-6.92%	8.18%
VILLAGE BANK INC (A THRIFT BANK)	636,913,975.58	91,791,617.61	693.87%		646,328,781.06	87,430,352.92	739.25%		-9,414,805.48	4,361,264.69	-45.38%		-1.46%	4.99%	-6.14%
UNITED COCONUT PLANTERS BANK	38,841,139,275.92	12,836,411,761.62	302.59%		39,058,172,119.20	10,300,012,660.82	379.21%		-217,032,843.28	2,536,399,100.80	-76.62%		-0.56%	24.63%	-20.21%
INTER-ASIA DEVELOPMENT BANK	151,711,427.93	51,070,845.44	297.06%		152,658,208.33	61,127,067.06	249.74%		-946,780.40	-10,056,221.62	47.32%		-0.62%	-16.45%	18.95%
BUSINESS AND CONSUMERS BANK (A DB)	237,477,294.72	87,557,322.07	271.22%		124,023,754.60	84,101,508.34	147.47%		113,453,540.12	3,455,813.73	123.76%		91.48%	4.11%	83.92%
CITIBANK, N.A.	40,010,810,834.20	15,190,903,900.06	263.39%		31,345,241,661.46	12,867,020,795.08	243.61%		8,665,569,172.74	2,323,883,104.98	19.78%		27.65%	18.06%	8.12%
PLANTERS DEVELOPMENT BANK	9,259,994,033.42	4,057,381,483.39	228.23%		9,876,121,359.20	4,533,178,786.23	217.86%		-616,127,325.78	-475,797,302.84	10.36%		-6.24%	-10.50%	4.76%
STANDARD CHARTERED BANK	6,380,326,539.11	3,030,779,309.09	210.52%		6,053,598,067.69	3,033,029,089.73	199.59%		326,728,471.42	-2,249,780.64	10.93%		5.40%	-0.07%	5.48%
BANK OF COMMERCE	33,693,019,133.59	18,238,655,653.70	184.73%		29,650,457,077.49	19,406,106,800.71	152.79%		4,042,562,056.10	-1,167,451,147.01	31.94%		13.63%	-6.02%	20.91%
WORLD PARTNERS BANK (A THRIFT BANK)	245,483,625.64	162,616,013.09	150.96%		310,649,110.01	165,320,245.34	187.91%		-65,165,484.37	-2,704,232.25	-36.95%		-20.98%	-1.64%	-19.66%
BATAAN DEVELOPMENT BANK	117,274,604.38	81,674,612.33	143.59%		117,549,048.61	77,829,490.82	151.03%		-274,444.23	3,845,121.51	-7.45%		-0.23%	4.94%	-4.93%
PHIL BANK OF COMMUNICATIONS	8,086,949,168.74	5,960,086,276.65	135.69%		6,870,468,436.19	4,674,290,207.54	146.98%		1,216,480,732.55	1,285,796,069.11	-11.30%		17.71%	27.51%	-7.69%
MICROFINANCE MAXIMUM SB INC	57,563,924.20	46,001,537.66	125.13%		55,052,820.56	54,916,771.27	100.25%		2,511,103.64	-8,915,233.61	24.89%		4.56%	-16.23%	24.83%
CHINA BANK SAVINGS INC	1,828,975,818.90	1,501,414,294.17	121.82%		1,242,864,554.81	1,039,014,641.03	119.62%		586,111,264.09	462,399,653.14	2.20%		47.16%	44.50%	1.84%
RCBC SAVINGS BANK INC	10,221,852,495.38	8,605,215,172.75	118.79%		10,144,357,461.20	8,006,173,745.56	126.71%		77,495,034.18	599,041,427.19	-7.92%		0.76%	7.48%	-6.25%
ENTERPRISE BANK INC (A THRIFT BANK)	289,719,494.60	250,023,092.67	115.88%		398,644,417.05	227,625,329.81	175.13%		-108,924,922.45	22,397,762.86	-59.25%		-27.32%	9.84%	-33.83%
BPI GLOBE BANKO INC A SAVINGS BANK	458,140,447.76	414,110,805.27	110.63%		445,625,785.59	593,397,946.28	75.10%		12,514,662.17	-179,287,141.01	35.54%		2.81%	-30.21%	47.32%
PHILIPPINE VETERANS BANK	7,546,595,916.99	7,092,283,324.05	106.41%		6,797,613,137.82	7,028,324,797.93	96.72%		748,982,779.17	63,958,526.12	9.69%		11.02%	0.91%	10.02%
KOREA EXCHANGE BANK	628,834,349.03	613,337,117.18	102.53%		477,178,675.94	576,874,833.55	82.72%		151,655,673.09	36,462,283.63	19.81%		31.78%	6.32%	23.95%
SECURITY BANK SAVINGS CORPORATION	1,564,677,008.28	1,601,143,895.88	97.72%		1,535,759,372.07	1,865,593,388.29	82.32%		28,917,636.21	-264,449,492.41	15.40%		1.88%	-14.18%	18.71%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,162,169,907.42	1,227,319,029.44	94.69%		1,141,252,662.26	1,273,775,693.89	89.60%		20,917,245.16	-46,456,664.45	5.10%		1.83%	-3.65%	5.69%
DUMAGUETE CITY DEV BANK INC	206,060,280.87	223,461,033.96	92.21%		184,731,909.15	223,461,033.96	82.67%		21,328,371.72	0.00	9.54%		11.55%	0.00%	11.55%
EQUICOM SAVINGS BANK INC	548,851,100.05	625,456,385.90	87.75%		728,231,290.84	555,794,079.97	131.03%		-179,380,190.79	69,662,305.93	-43.27%		-24.63%	12.53%	-33.03%
PHIL NATIONAL BANK	78,350,746,204.90	89,982,011,238.61	87.07%		67,738,615,228.35	88,657,028,404.88	76.41%		10,612,130,976.55	1,324,982,833.73	10.67%		15.67%	1.49%	13.96%
DEUTSCHE BANK AG	1,236,836,633.51	1,489,081,000.23	83.06%		1,507,664,139.92	1,546,247,754.32	97.50%		-270,827,506.41	-57,166,754.09	-14.44%		-17.96%	-3.70%	-14.81%
WEALTH DEVELOPMENT BANK CORPORATION	386,316,007.75	468,131,132.46	82.52%		370,050,663.22	445,387,684.02	83.09%		16,265,344.53	22,743,448.44	-0.56%		4.40%	5.11%	-0.68%
FARMERS SAVINGS & LOAN BANK INC	107,122,908.76	132,400,322.41	80.91%		105,348,188.82	120,781,764.62	87.22%		1,774,719.94	11,618,557.79	-6.31%		1.68%	9.62%	-7.24%
STERLING BANK OF ASIA INC (A SAVINGS	1,868,126,760.09	2,321,031,017.75	80.49%		1,819,765,393.73	2,184,688,001.97	83.30%		48,361,366.36	136,343,015.78	-2.81%		2.66%	6.24%	-3.37%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE	107,157,213.87	135,633,158.81	79.01%		163,382,416.92	103,950,857.21	157.17%		-56,225,203.05	31,682,301.60	-78.17%		-34.41%	30.48%	-49.73%
UNIVERSITY SAVINGS BANK INC	197,300,152.50	253,733,504.95	77.76%		423,377,038.50	239,274,961.57	176.94%		-226,076,886.00	14,458,543.38	-99.18%		-53.40%	6.04%	-56.05%
UCPB SAVINGS BANK	2,342,627,057.93	3,073,140,771.84	76.23%		1,684,608,285.79	3,035,715,339.35	55.49%		658,018,772.14	37,425,432.49	20.74%		39.06%	1.23%	37.37%
PHIL SAVINGS BANK	14,832,530,669.74	19,613,859,597.74	75.62%		14,753,334,392.36	16,721,608,527.38	88.23%		79,196,277.38	2,892,251,070.36	-12.61%		0.54%	17.30%	-14.29%
PHILIPPINE RESOURCES SAVINGS BANKING	1,337,624,049.15	1,793,022,247.43	74.60%		1,334,493,818.24	1,496,007,114.51	89.20%		3,130,230.91	297,015,132.92	-14.60%		0.23%	19.85%	-16.37%
NORTHPOINT DEV'T BANK INC	66,525,644.51	90,528,118.56	73.49%		54,526,401.61	83,568,781.61	65.25%		11,999,242.90	6,959,336.95	8.24%		22.01%	8.33%	12.63%
PRODUCERS SAVINGS BANK CORPORATION	898,312,422.14	1,245,090,637.20	72.15%		714,824,087.66	1,113,407,913.24	64.20%		183,488,334.48	131,682,723.96	7.95%		25.67%	11.83%	12.38%
UNION BANK OF THE PHILS	39,696,953,117.41	56,505,178,526.31	70.25%		39,033,031,812.99	50,105,002,868.05	77.90%		663,921,304.42	6,400,175,658.26	-7.65%		1.70%	12.77%	-9.82%
HONGKONG & SHANGHAI BANKING CORP	4,247,991,042.80	6,561,108,977.33	64.75%		4,019,099,168.92	5,347,398,652.15	75.16%		228,891,873.88	1,213,710,325.18	-10.41%		5.70%	22.70%	-13.86%
THE PALAWAN BANK (PALAWAN DB) INC	23,419,653.21	36,465,737.75	64.22%		23,218,567.73	35,969,012.75	64.55%		201,085.48	496,725.00	-0.33%		0.87%	1.38%	-0.51%
PRIDE STAR DEVELOPMENT BANK INC	48,630,302.58	76,005,235.62	63.98%		49,861,438.05	75,980,514.74	65.62%		-1,231,135.47	24,720.88	-1.64%		-2.47%	0.03%	-2.50%
PENBANK INC (A PDB) (FORMERLY: PENINSULA	181,175,718.80	286,534,227.71	63.23%		218,390,183.28	290,958,063.44	75.06%		-37,214,464.48	-4,423,835.73	-11.83%		-17.04%	-1.52%	-15.76%
PHIL POSTAL SAVINGS BANK INC	608,304,089.65	991,248,832.04	61.37%		633,258,006.15	918,613,955.58	68.94%		-24,953,916.50	72,634,876.46	-7.57%		-3.94%	7.91%	-10.98%
EAST WEST BANKING CORP	13,225,307,820.30	22,265,109,429.44	59.40%		13,168,626,182.26	20,386,434,312.57	64.60%		56,681,638.04	1,878,675,116.87	-5.20%		0.43%	9.22%	-8.04%
LAND BANK OF THE PHILIPPINES	36,289,086,700.32	61,845,008,513.38	58.68%		23,899,313,940.93	55,932,170,783.19	42.73%		12,389,772,759.39	5,912,837,730.19	15.95%		51.84%	10.57%	37.32%
ALLIED SAVINGS BANK	656,041,994.73	1,140,321,819.57	57.53%		482,159,150.60	1,070,923,264.94	45.02%		173,882,844.13	69,398,554.63	12.51%		36.06%	6.48%	27.78%
MERCHANTS SAVINGS & LOAN ASSN INC	267,471,150.37	490,936,935.43	54.48%		266,921,066.36	547,873,402.38	48.72%		550,084.01	-56,936,466.95	5.76%		0.21%	-10.39%	11.83%
LUZON DEVELOPMENT BANK	308,359,476.00	566,298,314.72	54.45%		267,586,333.03	500,708,076.86	53.44%		40,773,142.97	65,590,237.86	1.01%		15.24%	13.10%	1.89%
METRO CEBU PUBLIC SAVINGS BANK	35,659,602.67	68,367,423.47	52.16%		35,950,308.48	65,999,333.92	54.47%		-290,705.81	2,368,089.55	-2.31%		-0.81%	3.59%	-4.24%
TONGYANG SAVINGS BANK INC	250,084,191.13	490,525,314.15	50.98%		224,036,467.01	516,428,342.05	43.38%		26,047,724.12	-25,903,027.90	7.60%		11.63%	-5.02%	17.52%
BPI FAMILY SAVINGS BANK INC	11,214,428,910.26	22,228,308,101.82	50.45%		10,741,789,222.05	18,581,283,691.41	57.81%		472,639,688.21	3,647,024,410.41	-7.36%		4.40%	19.63%	-12.73%
MARITIME SAVINGS BANK CORPORATION	33,981,498.92	74,903,597.78	45.37%		30,120,796.16	70,584,513.90	42.67%		3,860,702.76	4,319,083.88	2.69%		12.82%	6.12%	6.31%
CHINA BANKING CORP	21,632,084,488.94	47,698,499,510.57	45.35%		20,733,806,179.20	47,996,880,610.80	43.20%		898,278,309.74	-298,381,100.23	2.15%		4.33%	-0.62%	4.99%
CORDILLERA SAVINGS BANK INC	50,926,215.86	115,509,253.02	44.09%		49,506,779.34	120,993,917.19	40.92%		1,419,436.52	-5,484,664.17	3.17%		2.87%	-4.53%	7.75%
DEVELOPMENT BANK OF THE PHIL	18,571,525,623.98	42,143,710,059.63	44.07%		17,108,255,708.97	37,125,961,483.18	46.08%		1,463,269,915.01	5,017,748,576.45	-2.01%		8.55%	13.52%	-4.37%
ASIA UNITED BANK CORPORATION	9,098,071,733.20	20,960,293,129.53	43.41%		7,346,371,080.11	19,529,598,162.27	37.62%		1,751,700,653.09	1,430,694,967.26	5.79%		23.84%	7.33%	15.39%
UNITED OVERSEAS BANK PHILIPPINES	781,047,048.29	1,862,988,627.82	41.92%		784,589,805.42	1,375,216,457.82	57.05%		-3,542,757.13	487,772,170.00	-15.13%		-0.45%	35.47%	-26.52%
DUNGGANON BANK (A MICROFINANCE THRIFT	39,296,376.07	95,648,586.70	41.08%		50,960,373.50	92,876,893.49	54.87%		-11,663,997.43	2,771,693.21	-13.78%		-22.89%	2.98%	-25.12%
MALASIQUI PROGRESSIVE SLB, INC	24,257,448.21	60,492,479.76	40.10%		16,531,661.83	60,505,691.07	27.32%		7,725,786.38	-13,211.31	12.78%		46.73%	-0.02%	46.77%
METROPOLITAN BANK & TCO	54,195,324,861.25	135,563,333,667.96	39.98%		56,006,900,007.68	136,308,328,561.06	41.09%		-1,811,575,146.43	-744,994,893.10	-1.11%		-3.23%	-0.55%	-2.70%
BDO UNIBANK INC	74,743,493,423.08	187,094,498,247.13	39.95%		68,015,916,724.16	167,933,860,670.95	40.50%		6,727,576,698.92	19,160,637,576.18	-0.55%		9.89%	11.41%	-1.36%
BANK ONE SAVINGS AND TRUST CORP.	215,219,740.09	551,621,684.76	39.02%		211,753,053.96	536,648,276.23	39.46%		3,466,686.13	14,973,408.53	-0.44%		1.64%	2.79%	-1.12%
PAMPANGA DEVELOPMENT BANK	51,391,331.30	134,667,522.94	38.16%		51,917,775.03	129,705,015.33	40.03%		-526,443.73	4,962,507.61	-1.87%		-1.01%	3.83%	-4.66%
ROBINSONS BANK CORPORATION	2,379,569,768.70	6,377,043,989.85	37.31%		2,317,192,575.77	5,176,785,182.12	44.76%		62,377,192.93	1,200,258,807.73	-7.45%		2.69%	23.19%	-16.64%
MEGA INT'L COMM'L BANK CO LTD	761,146,873.05	2,040,460,968.77	37.30%		636,077,119.49	815,063,759.54	78.04%		125,069,753.56	1,225,397,209.23	-40.74%		19.66%	150.34%	-52.20%
BDO PRIVATE BANK, INC.	2,022,087,696.66	5,491,151,077.13	36.82%		1,284,177,777.07	5,299,706,623.13	24.23%		737,909,919.59	191,444,454.00	12.59%		57.46%	3.61%	51.97%
RIZAL COMM'L BANKING CORP	17,694,377,059.69	48,670,892,507.74	36.36%		20,816,034,838.07	44,894,874,885.17	46.37%		-3,121,657,778.38	3,776,017,622.57	-10.01%		-15.00%	8.41%	-21.59%
LIFE SAVINGS BANK INC	24,984,054.73	69,198,550.96	36.10%		28,545,676.90	66,353,767.56	43.02%		-3,561,622.17	2,844,783.40	-6.92%		-12.48%	4.29%	-16.08%
PHIL TRUST COMPANY	7,200,931,781.39	19,950,237,026.38	36.09%		4,717,915,714.74	18,421,300,653.21	25.61%		2,483,016,066.65	1,528,936,373.17	10.48%		52.63%	8.30%	40.93%
MIZUHO BANK LTD - MANILA BRANCH	1,089,367,266.30	3,029,971,183.27	35.95%		709,953,460.71	1,704,943,963.71	41.64%		379,413,805.59	1,325,027,219.56	-5.69%		53.44%	77.72%	-13.66%
SAMPAGUITA SAVINGS BANK INC	27,496,098.19	79,236,436.68	34.70%		23,272,550.56	78,867,526.48	29.51%		4,223,547.63	368,910.20	5.19%		18.15%	0.47%	17.60%
CITYSTATE SAVINGS BANK INC	269,259,910.46	813,996,767.32	33.08%		204,311,720.59	790,996,767.32	25.83%		64,948,189.87	23,000,000.00	7.25%		31.79%	2.91%	28.06%
MAYBANK PHILIPPINES INC	3,517,654,334.34	11,237,619,781.13	31.30%		3,418,413,803.11	10,691,946,465.00	31.97%		99,240,531.23	545,673,316.13	-0.67%		2.90%	5.10%	-2.09%
1ST VALLEY BANK INC A DEVELOPMENT BANK	340,945,227.25	1,132,241,874.34	30.11%		319,884,714.28	1,089,331,888.45	29.37%		21,060,512.97	42,909,985.89	0.75%		6.58%	3.94%	2.54%
QUEZON COCONUT BANK INC (A THRIFT BANK)	16,766,471.61	57,729,522.98	29.04%		16,836,417.24	58,239,382.25	28.91%		-69,945.63	-509,859.27	0.13%		-0.42%	-0.88%	0.46%
ANZ BANKING GROUP LTD	896,722,301.01	3,334,313,620.09	26.89%		942,624,333.28	2,470,064,525.73	38.16%		-45,902,032.27	864,249,094.36	-11.27%		-4.87%	34.99%	-29.53%
BANK OF THE PHIL ISLANDS	37,603,099,886.90	140,209,545,966.53	26.82%		38,436,994,704.90	96,728,666,469.42	39.74%		-833,894,818.00	43,480,879,497.11	-12.92%		-2.17%	44.95%	-32.51%
PHILIPPINE BUSINESS BANK INC A SAVINGS	2,229,189,574.02	8,867,730,762.30	25.14%		1,595,193,072.99	7,768,677,209.19	20.53%		633,996,501.03	1,099,053,553.11	4.60%		39.74%	14.15%	22.42%
FIRST CONSOLIDATED BANK INC (A PDB)	748,128,647.82	2,993,205,733.46	24.99%		940,535,036.98	2,275,046,263.65	41.34%		-192,406,389.16	718,159,469.81	-16.35%		-20.46%	31.57%	-39.54%
LEMERY SAVINGS & LOAN BANK, INC.	17,820,443.35	75,142,714.54	23.72%		17,148,094.40	73,922,873.28	23.20%		672,348.95	1,219,841.26	0.52%		3.92%	1.65%	2.23%
SECURITY BANK CORP	10,031,105,573.32	43,019,746,596.92	23.32%		9,826,611,445.93	37,876,804,493.66	25.94%		204,494,127.39	5,142,942,103.26	-2.63%		2.08%	13.58%	-10.12%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK	150,723,461.92	677,027,041.15	22.26%		196,098,945.52	683,600,672.25	28.69%		-45,375,483.60	-6,573,631.10	-6.42%		-23.14%	-0.96%	-22.39%
CTBC BANK (PHILIPPINES) CORP	1,516,854,602.28	6,936,989,570.90	21.87%		1,156,656,735.34	6,721,688,370.33	17.21%		360,197,866.94	215,301,200.57	4.66%		31.14%	3.20%	27.07%
JP MORGAN CHASE BANK NATIONAL ASSN.	289,659,477.36	1,408,037,705.00	20.57%		29,584,127.16	1,408,167,950.00	2.10%		260,075,350.20	-130,245.00	18.47%		879.10%	-0.01%	879.19%
TOWER DEVELOPMENT BANK	21,669,642.00	114,305,443.13	18.96%		23,635,654.89	114,305,443.14	20.68%		-1,966,012.89	-0.01	-1.72%		-8.32%	0.00%	-8.32%
HIYAS BANKING CORPORATION	31,734,575.76	171,917,579.15	18.46%		41,752,813.86	173,831,800.64	24.02%		-10,018,238.10	-1,914,221.49	-5.56%		-23.99%	-1.10%	-23.15%
BPI DIRECT SAVINGS BANK INC	210,712,922.78	1,170,213,531.99	18.01%		234,019,747.50	959,699,370.21	24.38%		-23,306,824.72	210,514,161.78	-6.38%		-9.96%	21.94%	-26.16%
CARD SME BANK INC A THRIFT BANK	51,335,345.52	317,281,612.84	16.18%		55,045,312.27	269,353,237.08	20.44%		-3,709,966.75	47,928,375.76	-4.26%		-6.74%	17.79%	-20.83%
OPTIMUM DEVELOPMENT BANK INC	114,865,792.38	775,452,218.89	14.81%		128,866,945.71	721,724,742.05	17.86%		-14,001,153.33	53,727,476.84	-3.04%		-10.86%	7.44%	-17.04%
BATAAN SAVINGS AND LOAN BANK	10,808,756.63	73,639,250.93	14.68%		10,683,545.57	73,639,250.93	14.51%		125,211.06	0.00	0.17%		1.17%	0.00%	1.17%
PACIFIC ACE SAVINGS BANK INC	10,626,391.63	78,435,496.56	13.55%		4,637,175.48	76,004,399.27	6.10%		5,989,216.15	2,431,097.29	7.45%		129.16%	3.20%	122.05%
BDO ELITE SAVINGS BANK INC	97,442,396.72	777,181,365.52	12.54%		86,156,674.50	1,546,549,042.92	5.57%		11,285,722.22	-769,367,677.40	6.97%		13.10%	-49.75%	125.06%
HSBC SAVINGS BANK(PHILS) INC	297,255,911.43	2,572,297,832.21	11.56%		279,344,219.56	2,628,939,606.37	10.63%		17,911,691.87	-56,641,774.16	0.93%		6.41%	-2.15%	8.76%
CENTURY SAVINGS BANK CORPORATION	74,740,102.61	913,642,185.70	8.18%		74,847,001.80	897,543,805.05	8.34%		-106,899.19	16,098,380.65	-0.16%		-0.14%	1.79%	-1.90%
CITIBANK SAVINGS INC	127,662,622.76	1,616,838,738.50	7.90%		3,359,190,761.51	3,752,623,823.14	89.52%		-3,231,528,138.75	-2,135,785,084.64	-81.62%		-96.20%	-56.91%	-91.18%
ISLA BANK(A THRIFT BANK) INC	50,693,583.56	652,126,033.66	7.77%		50,469,954.07	639,972,124.71	7.89%		223,629.49	12,153,908.95	-0.11%		0.44%	1.90%	-1.43%
SUN SAVINGS BANK INC	8,691,438.53	112,521,399.33	7.72%		9,459,407.98	106,922,612.14	8.85%		-767,969.45	5,598,787.19	-1.12%		-8.12%	5.24%	-12.69%
INTERNATIONALE NEDERLANDEN GROEP BK	182,452,409.80	2,573,974,214.82	7.09%		725,943,158.24	2,667,503,858.26	27.21%		-543,490,748.44	-93,529,643.44	-20.13%		-74.87%	-3.51%	-73.95%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	21,384,154.43	395,684,410.47	5.40%		23,810,244.51	445,345,926.52	5.35%		-2,426,090.08	-49,661,516.05	0.06%		-10.19%	-11.15%	1.08%
PROGRESS SAVINGS AND LOAN BANK INC	4,202,521.98	83,317,544.05	5.04%		4,222,380.16	83,310,687.78	5.07%		-19,858.18	6,856.27	-0.02%		-0.47%	0.01%	-0.48%
BANK OF AMERICA N.A.	30,496,981.38	607,196,709.20	5.02%		35,005,723.90	607,196,709.20	5.77%		-4,508,742.52	0.00	-0.74%		-12.88%	0.00%	-12.88%
BANGKOK BANK PUBLIC CO LTD	53,079,548.15	1,282,650,744.50	4.14%		52,291,752.55	1,265,156,864.50	4.13%		787,795.60	17,493,880.00	0.01%		1.51%	1.38%	0.12%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	113,391,036.64	4,945,420,166.75	2.29%		60,696,648.87	2,280,627,961.84	2.66%		52,694,387.77	2,664,792,204.91	-0.37%		86.82%	116.84%	-13.85%
CITY SAVINGS BANK INC	NA	NA	NA		875,689,037.22	2,611,202,131.58	33.54%		NA	NA	NA		NA	NA	NA
MBANK PHILIPPINES	NA	NA	NA		22,918,976.48	207,926,965.58	11.02%		NA	NA	NA		NA	NA	NA
Grand Total	656,819,513,442.15	1,139,281,908,127.51	57.65%		610,831,575,602.35	1,026,838,650,829.81	59.49%		46,002,929,278.12	115,216,893,300.70	-1.83%		7.53%	11.22%	-3.08%

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 March 31, 2014 and 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.