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Monday, August 18, 2014

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%)

A
s 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.

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