In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of March 31, 2013", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 3.10% as of March 31, 2014, 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 48 banks (highlighted in yellow) fall into this deficiency.
| Philippine Banking System | |||
| NPL Coverage Ratio | |||
| March 31, 2014 | |||
| Bank | Loan Loss Provisions | Gross NPLs | NPL Coverage Ratio |
| PRODUCERS SAVINGS BANK CORPORATION | 62,993,638.40 | 322,246,331.41 | 19.55% |
| PHILIPPINE RESOURCES SAVINGS BANKING | 212,441,553.87 | 935,376,928.06 | 22.71% |
| THE REAL BANK (A THRIFT BANK) INC | 656,788,213.44 | 2,665,857,090.78 | 24.64% |
| PROGRESS SAVINGS AND LOAN BANK INC | 309,923.60 | 1,247,829.54 | 24.84% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE | 19,545,709.08 | 73,280,074.41 | 26.67% |
| MALASIQUI PROGRESSIVE SLB, INC | 6,470,762.05 | 23,758,506.25 | 27.24% |
| EQUICOM SAVINGS BANK INC | 78,171,347.82 | 285,604,477.12 | 27.37% |
| LIFE SAVINGS BANK INC | 2,649,806.08 | 9,499,865.50 | 27.89% |
| DUNGGANON BANK (A MICROFINANCE THRIFT | 9,922,919.00 | 34,773,345.24 | 28.54% |
| METRO CEBU PUBLIC SAVINGS BANK | 5,223,157.51 | 17,551,596.78 | 29.76% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 930,212.75 | 3,073,050.56 | 30.27% |
| COMSAVINGS BANK | 60,506,624.39 | 191,305,787.91 | 31.63% |
| NORTHPOINT DEV'T BANK INC | 16,405,983.73 | 50,239,956.29 | 32.66% |
| WEALTH DEVELOPMENT BANK CORPORATION | 64,853,212.07 | 195,898,098.57 | 33.11% |
| CENTURY SAVINGS BANK CORPORATION | 12,646,730.90 | 37,181,786.96 | 34.01% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK | 15,538,217.16 | 45,631,012.38 | 34.05% |
| PACIFIC ACE SAVINGS BANK INC | 2,829,328.72 | 8,033,232.49 | 35.22% |
| PLANTERS DEVELOPMENT BANK | 1,315,210,918.76 | 3,573,216,336.81 | 36.81% |
| LUZON DEVELOPMENT BANK | 76,211,555.66 | 188,268,285.57 | 40.48% |
| DUMAGUETE CITY DEV BANK INC | 17,300,528.04 | 41,571,909.87 | 41.62% |
| MARITIME SAVINGS BANK CORPORATION | 7,074,281.24 | 16,625,205.32 | 42.55% |
| ALLIED SAVINGS BANK | 185,955,059.14 | 436,778,077.39 | 42.57% |
| PAMPANGA DEVELOPMENT BANK | 17,325,061.24 | 40,645,528.06 | 42.62% |
| CITYSTATE SAVINGS BANK INC | 50,682,977.13 | 118,808,414.32 | 42.66% |
| BUSINESS AND CONSUMERS BANK (A DB) | 7,130,940.77 | 15,928,824.09 | 44.77% |
| LEMERY SAVINGS & LOAN BANK, INC. | 5,008,824.64 | 10,377,162.11 | 48.27% |
| CHINA BANK SAVINGS INC | 225,492,939.65 | 463,950,396.70 | 48.60% |
| LEGAZPI SAVINGS BANK INC | 152,736,227.42 | 298,280,428.39 | 51.21% |
| MICROFINANCE MAXIMUM SB INC | 1,434,011.34 | 2,711,378.39 | 52.89% |
| BANK ONE SAVINGS AND TRUST CORP. | 8,261,602.53 | 15,304,127.53 | 53.98% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA | 48,608,159.37 | 88,363,646.80 | 55.01% |
| FARMERS SAVINGS & LOAN BANK INC | 24,218,286.37 | 41,176,509.30 | 58.82% |
| STERLING BANK OF ASIA INC (A SAVINGS | 528,217,652.34 | 804,918,619.51 | 65.62% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 67,792,897.28 | 102,728,095.15 | 65.99% |
| RCBC SAVINGS BANK INC | 1,333,628,847.92 | 1,996,786,055.85 | 66.79% |
| HIYAS BANKING CORPORATION | 12,588,045.27 | 18,816,080.51 | 66.90% |
| EAST WEST BANKING CORP | 3,116,330,203.78 | 4,598,059,488.49 | 67.77% |
| MAYBANK PHILIPPINES INC | 876,734,789.30 | 1,282,710,033.55 | 68.35% |
| PRIDE STAR DEVELOPMENT BANK INC | 6,090,315.48 | 8,882,515.92 | 68.57% |
| TONGYANG SAVINGS BANK INC | 98,611,405.84 | 140,394,529.05 | 70.24% |
| BATAAN DEVELOPMENT BANK | 15,592,398.15 | 21,736,980.10 | 71.73% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 189,492,130.37 | 258,776,399.64 | 73.23% |
| TOWER DEVELOPMENT BANK | 8,420,489.56 | 11,363,447.67 | 74.10% |
| BATAAN SAVINGS AND LOAN BANK | 2,137,583.98 | 2,838,338.85 | 75.31% |
| UNITED COCONUT PLANTERS BANK | 4,310,199,030.53 | 5,711,874,624.13 | 75.46% |
| KOREA EXCHANGE BANK | 121,587,117.18 | 158,745,180.26 | 76.59% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 176,196,944.07 | 227,611,007.05 | 77.41% |
| SAMPAGUITA SAVINGS BANK INC | 21,561,538.64 | 27,028,077.39 | 79.77% |
| VILLAGE BANK INC (A THRIFT BANK) | 17,342,200.42 | 21,639,438.67 | 80.14% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 176,965,866.26 | 218,312,032.21 | 81.06% |
| THE PALAWAN BANK (PALAWAN DB) INC | 11,645,752.16 | 14,071,641.06 | 82.76% |
| UNIVERSITY SAVINGS BANK INC | 41,066,844.80 | 48,282,166.46 | 85.06% |
| STANDARD CHARTERED BANK | 1,339,429,791.93 | 1,572,054,950.49 | 85.20% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 45,072,038.57 | 52,061,188.50 | 86.58% |
| PHIL POSTAL SAVINGS BANK INC | 346,062,955.34 | 387,713,709.40 | 89.26% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS | 706,501,501.15 | 786,384,293.47 | 89.84% |
| BPI FAMILY SAVINGS BANK INC | 4,211,946,971.24 | 4,654,699,353.00 | 90.49% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 435,179,565.24 | 471,778,749.04 | 92.24% |
| PHIL NATIONAL BANK | 9,590,241,198.85 | 10,323,540,398.06 | 92.90% |
| PHIL BANK OF COMMUNICATIONS | 1,298,732,232.42 | 1,369,863,596.82 | 94.81% |
| DEVELOPMENT BANK OF THE PHIL | 5,715,894,730.19 | 5,952,217,939.24 | 96.03% |
| ROBINSONS BANK CORPORATION | 439,347,712.86 | 450,161,983.95 | 97.60% |
| BANK OF COMMERCE | 3,108,071,210.14 | 3,140,730,913.06 | 98.96% |
| INTER-ASIA DEVELOPMENT BANK | 5,749,165.66 | 5,766,081.97 | 99.71% |
| HONGKONG & SHANGHAI BANKING CORP | 1,188,727,905.84 | 1,186,140,410.67 | 100.22% |
| UNITED OVERSEAS BANK PHILIPPINES | 667,735,102.81 | 665,448,276.65 | 100.34% |
| SECURITY BANK SAVINGS CORPORATION | 638,145,183.42 | 603,956,346.71 | 105.66% |
| ASIA UNITED BANK CORPORATION | 1,144,070,390.43 | 1,067,876,024.36 | 107.14% |
| PHILIPPINE VETERANS BANK | 1,076,688,778.04 | 953,671,205.86 | 112.90% |
| RIZAL COMM'L BANKING CORP | 3,561,804,559.33 | 3,128,741,619.03 | 113.84% |
| SUN SAVINGS BANK INC | 7,995,615.69 | 6,955,500.63 | 114.95% |
| CORDILLERA SAVINGS BANK INC | 17,486,628.42 | 15,135,180.92 | 115.54% |
| UNION BANK OF THE PHILS | 10,735,837,873.52 | 9,264,016,489.58 | 115.89% |
| PHIL SAVINGS BANK | 4,466,521,734.22 | 3,852,498,544.36 | 115.94% |
| UCPB SAVINGS BANK | 412,117,873.82 | 353,568,135.78 | 116.56% |
| CTBC BANK (PHILIPPINES) CORP | 457,401,405.13 | 376,072,936.98 | 121.63% |
| HSBC SAVINGS BANK(PHILS) INC | 100,295,645.53 | 74,113,078.25 | 135.33% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 5,149,261.10 | 3,649,479.97 | 141.10% |
| LAND BANK OF THE PHILIPPINES | 11,864,985,279.25 | 7,718,631,312.24 | 153.72% |
| BANK OF THE PHIL ISLANDS | 11,724,931,399.54 | 7,313,979,407.47 | 160.31% |
| BDO UNIBANK INC | 27,958,729,248.94 | 17,110,528,484.20 | 163.40% |
| CHINA BANKING CORP | 6,743,511,736.83 | 4,085,461,652.86 | 165.06% |
| CARD SME BANK INC A THRIFT BANK | 36,422,500.47 | 21,670,955.37 | 168.07% |
| PHIL TRUST COMPANY | 1,992,376,839.36 | 1,146,303,968.20 | 173.81% |
| BPI DIRECT SAVINGS BANK INC | 185,278,822.46 | 92,818,624.06 | 199.61% |
| OPTIMUM DEVELOPMENT BANK INC | 44,626,617.39 | 18,286,790.21 | 244.04% |
| SECURITY BANK CORP | 2,452,549,980.38 | 958,577,062.77 | 255.85% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 3,147,733.68 | 1,092,048.97 | 288.24% |
| METROPOLITAN BANK & TCO | 11,572,102,150.64 | 3,280,149,921.17 | 352.79% |
| CITIBANK, N.A. | 7,628,556,408.94 | 1,337,572,880.61 | 570.33% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 69,701,614.59 | 8,660,895.91 | 804.79% |
| ANZ BANKING GROUP LTD | 259,724,705.59 | 23,339,114.85 | 1112.83% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 20,313,705.00 | 734,885.22 | 2764.20% |
| BANGKOK BANK PUBLIC CO LTD | 160,619,067.50 | 4,914,155.55 | 3268.50% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 73,974,214.82 | 91.63 | 80731436.01% |
| 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. | 79,530,838.02 | 0.00 | NA |
| CITIBANK SAVINGS INC | 0.00 | 0.00 | NA |
| CITY SAVINGS BANK | 0.00 | 0.00 | NA |
| DEUTSCHE BANK AG | 178,284,263.40 | 0.00 | NA |
| ISLA BANK(A THRIFT BANK) INC | 4,004,580.33 | 0.00 | NA |
| MEGA INT'L COMM'L BANK CO LTD | 219,352,501.10 | 0.00 | NA |
| MIZUHO BANK LTD - MANILA BRANCH | 329,971,183.27 | 0.00 | NA |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 366,210,030.46 | 0.00 | NA |
| Grand Total | 150,204,443,224.05 | 119,769,678,594.46 | 125.41% |
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 | ||||||
| March 31, 2014 | ||||||
| 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 | 2,665,857,090.78 | 2,132,685,672.62 | 656,788,213.44 | -1,475,897,459.18 | 623,169,811.49 | -236.84% |
| PLANTERS DEVELOPMENT BANK | 3,573,216,336.81 | 2,858,573,069.45 | 1,315,210,918.76 | -1,543,362,150.69 | 2,962,516,124.60 | -52.10% |
| COMSAVINGS BANK | 191,305,787.91 | 153,044,630.33 | 60,506,624.39 | -92,538,005.94 | 182,352,184.78 | -50.75% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE | 73,280,074.41 | 58,624,059.53 | 19,545,709.08 | -39,078,350.45 | 102,749,325.53 | -38.03% |
| NORTHPOINT DEV'T BANK INC | 50,239,956.29 | 40,191,965.03 | 16,405,983.73 | -23,785,981.30 | 64,659,809.94 | -36.79% |
| PHILIPPINE RESOURCES SAVINGS BANKING | 935,376,928.06 | 748,301,542.45 | 212,441,553.87 | -535,859,988.58 | 1,662,827,636.60 | -32.23% |
| EQUICOM SAVINGS BANK INC | 285,604,477.12 | 228,483,581.70 | 78,171,347.82 | -150,312,233.88 | 553,343,969.61 | -27.16% |
| LEGAZPI SAVINGS BANK INC | 298,280,428.39 | 238,624,342.71 | 152,736,227.42 | -85,888,115.29 | 337,575,540.91 | -25.44% |
| WEALTH DEVELOPMENT BANK CORPORATION | 195,898,098.57 | 156,718,478.86 | 64,853,212.07 | -91,865,266.79 | 373,531,565.95 | -24.59% |
| MALASIQUI PROGRESSIVE SLB, INC | 23,758,506.25 | 19,006,805.00 | 6,470,762.05 | -12,536,042.95 | 54,677,057.82 | -22.93% |
| DUNGGANON BANK (A MICROFINANCE THRIFT | 34,773,345.24 | 27,818,676.19 | 9,922,919.00 | -17,895,757.19 | 90,348,361.85 | -19.81% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 102,728,095.15 | 82,182,476.12 | 67,792,897.28 | -14,389,578.84 | 80,585,454.05 | -17.86% |
| ALLIED SAVINGS BANK | 436,778,077.39 | 349,422,461.91 | 185,955,059.14 | -163,467,402.77 | 963,266,165.32 | -16.97% |
| PRODUCERS SAVINGS BANK CORPORATION | 322,246,331.41 | 257,797,065.13 | 62,993,638.40 | -194,803,426.73 | 1,215,363,319.51 | -16.03% |
| LUZON DEVELOPMENT BANK | 188,268,285.57 | 150,614,628.46 | 76,211,555.66 | -74,403,072.80 | 494,724,410.20 | -15.04% |
| METRO CEBU PUBLIC SAVINGS BANK | 17,551,596.78 | 14,041,277.42 | 5,223,157.51 | -8,818,119.91 | 64,050,550.49 | -13.77% |
| PAMPANGA DEVELOPMENT BANK | 40,645,528.06 | 32,516,422.45 | 17,325,061.24 | -15,191,361.21 | 118,955,453.11 | -12.77% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 258,776,399.64 | 207,021,119.71 | 189,492,130.37 | -17,528,989.34 | 152,910,249.12 | -11.46% |
| MARITIME SAVINGS BANK CORPORATION | 16,625,205.32 | 13,300,164.26 | 7,074,281.24 | -6,225,883.02 | 62,296,104.59 | -9.99% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA | 88,363,646.80 | 70,690,917.44 | 48,608,159.37 | -22,082,758.07 | 249,183,698.85 | -8.86% |
| CHINA BANK SAVINGS INC | 463,950,396.70 | 371,160,317.36 | 225,492,939.65 | -145,667,377.71 | 1,680,952,906.29 | -8.67% |
| FARMERS SAVINGS & LOAN BANK INC | 41,176,509.30 | 32,941,207.44 | 24,218,286.37 | -8,722,921.07 | 116,414,913.18 | -7.49% |
| DUMAGUETE CITY DEV BANK INC | 41,571,909.87 | 33,257,527.90 | 17,300,528.04 | -15,956,999.86 | 213,345,382.52 | -7.48% |
| STERLING BANK OF ASIA INC (A SAVINGS | 804,918,619.51 | 643,934,895.61 | 528,217,652.34 | -115,717,243.27 | 1,550,771,793.07 | -7.46% |
| LIFE SAVINGS BANK INC | 9,499,865.50 | 7,599,892.40 | 2,649,806.08 | -4,950,086.32 | 67,757,354.91 | -7.31% |
| BUSINESS AND CONSUMERS BANK (A DB) | 15,928,824.09 | 12,743,059.27 | 7,130,940.77 | -5,612,118.50 | 82,328,718.85 | -6.82% |
| CITYSTATE SAVINGS BANK INC | 118,808,414.32 | 95,046,731.46 | 50,682,977.13 | -44,363,754.33 | 734,307,159.32 | -6.04% |
| PACIFIC ACE SAVINGS BANK INC | 8,033,232.49 | 6,426,585.99 | 2,829,328.72 | -3,597,257.27 | 76,986,659.97 | -4.67% |
| LEMERY SAVINGS & LOAN BANK, INC. | 10,377,162.11 | 8,301,729.69 | 5,008,824.64 | -3,292,905.05 | 72,217,211.14 | -4.56% |
| RCBC SAVINGS BANK INC | 1,996,786,055.85 | 1,597,428,844.68 | 1,333,628,847.92 | -263,799,996.76 | 6,452,786,425.53 | -4.09% |
| TONGYANG SAVINGS BANK INC | 140,394,529.05 | 112,315,623.24 | 98,611,405.84 | -13,704,217.40 | 388,809,256.43 | -3.52% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK | 45,631,012.38 | 36,504,809.90 | 15,538,217.16 | -20,966,592.74 | 659,366,771.59 | -3.18% |
| EAST WEST BANKING CORP | 4,598,059,488.49 | 3,678,447,590.79 | 3,116,330,203.78 | -562,117,387.01 | 19,488,602,756.57 | -2.88% |
| BATAAN DEVELOPMENT BANK | 21,736,980.10 | 17,389,584.08 | 15,592,398.15 | -1,797,185.93 | 68,019,741.89 | -2.64% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 3,073,050.56 | 2,458,440.45 | 930,212.75 | -1,528,227.70 | 58,691,004.89 | -2.60% |
| MICROFINANCE MAXIMUM SB INC | 2,711,378.39 | 2,169,102.71 | 1,434,011.34 | -735,091.37 | 38,321,311.19 | -1.92% |
| CENTURY SAVINGS BANK CORPORATION | 37,181,786.96 | 29,745,429.57 | 12,646,730.90 | -17,098,698.67 | 916,937,801.45 | -1.86% |
| HIYAS BANKING CORPORATION | 18,816,080.51 | 15,052,864.41 | 12,588,045.27 | -2,464,819.14 | 161,399,880.28 | -1.53% |
| MAYBANK PHILIPPINES INC | 1,282,710,033.55 | 1,026,168,026.84 | 876,734,789.30 | -149,433,237.54 | 10,384,055,196.64 | -1.44% |
| PRIDE STAR DEVELOPMENT BANK INC | 8,882,515.92 | 7,106,012.74 | 6,090,315.48 | -1,015,697.26 | 74,725,625.76 | -1.36% |
| UNITED COCONUT PLANTERS BANK | 5,711,874,624.13 | 4,569,499,699.30 | 4,310,199,030.53 | -259,300,668.77 | 19,877,073,858.92 | -1.30% |
| KOREA EXCHANGE BANK | 158,745,180.26 | 126,996,144.21 | 121,587,117.18 | -5,409,027.03 | 480,909,788.62 | -1.12% |
| PROGRESS SAVINGS AND LOAN BANK INC | 1,247,829.54 | 998,263.63 | 309,923.60 | -688,340.03 | 82,292,284.97 | -0.84% |
| BANK ONE SAVINGS AND TRUST CORP. | 15,304,127.53 | 12,243,302.02 | 8,261,602.53 | -3,981,699.49 | 544,534,902.56 | -0.73% |
| TOWER DEVELOPMENT BANK | 11,363,447.67 | 9,090,758.14 | 8,420,489.56 | -670,268.58 | 114,419,099.22 | -0.59% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 227,611,007.05 | 182,088,805.64 | 176,196,944.07 | -5,891,861.57 | 1,073,900,287.47 | -0.55% |
| BATAAN SAVINGS AND LOAN BANK | 2,838,338.85 | 2,270,671.08 | 2,137,583.98 | -133,087.10 | 72,157,228.01 | -0.18% |
| SAMPAGUITA SAVINGS BANK INC | 27,028,077.39 | 21,622,461.91 | 21,561,538.64 | -60,923.27 | 57,672,342.21 | -0.11% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | 0.00 | 0.00 | 807,091,446.79 | 0.00% |
| CITIBANK SAVINGS INC | 0.00 | 0.00 | 0.00 | 0.00 | 971,883,844.42 | 0.00% |
| VILLAGE BANK INC (A THRIFT BANK) | 21,639,438.67 | 17,311,550.94 | 17,342,200.42 | 30,649.48 | 77,175,718.91 | 0.04% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 218,312,032.21 | 174,649,625.77 | 176,965,866.26 | 2,316,240.49 | 1,054,678,882.87 | 0.22% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 3,649,479.97 | 2,919,583.98 | 5,149,261.10 | 2,229,677.12 | 471,236,692.40 | 0.47% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,092,048.97 | 873,639.18 | 3,147,733.68 | 2,274,094.50 | 381,793,454.58 | 0.60% |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | 4,004,580.33 | 4,004,580.33 | 649,558,600.52 | 0.62% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS | 786,384,293.47 | 629,107,434.78 | 706,501,501.15 | 77,394,066.37 | 7,358,693,887.87 | 1.05% |
| UNIVERSITY SAVINGS BANK INC | 48,282,166.46 | 38,625,733.17 | 41,066,844.80 | 2,441,111.63 | 219,269,486.25 | 1.11% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 587,908.18 | 20,313,705.00 | 19,725,796.82 | 1,415,521,783.62 | 1.39% |
| THE PALAWAN BANK (PALAWAN DB) INC | 14,071,641.06 | 11,257,312.85 | 11,645,752.16 | 388,439.31 | 27,795,358.05 | 1.40% |
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | 79,530,838.02 | 79,530,838.02 | 5,435,347,034.96 | 1.46% |
| ROBINSONS BANK CORPORATION | 450,161,983.95 | 360,129,587.16 | 439,347,712.86 | 79,218,125.70 | 5,239,101,313.23 | 1.51% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 52,061,188.50 | 41,648,950.80 | 45,072,038.57 | 3,423,087.77 | 219,921,441.20 | 1.56% |
| ASIA UNITED BANK CORPORATION | 1,067,876,024.36 | 854,300,819.49 | 1,144,070,390.43 | 289,769,570.94 | 18,505,614,444.76 | 1.57% |
| HSBC SAVINGS BANK(PHILS) INC | 74,113,078.25 | 59,290,462.60 | 100,295,645.53 | 41,005,182.93 | 2,578,035,862.71 | 1.59% |
| PHIL NATIONAL BANK | 10,323,540,398.06 | 8,258,832,318.45 | 9,590,241,198.85 | 1,331,408,880.40 | 78,098,746,199.06 | 1.70% |
| BANK OF AMERICA N.A. | 4.00 | 3.20 | 10,250,004.00 | 10,250,000.80 | 596,946,705.20 | 1.72% |
| INTER-ASIA DEVELOPMENT BANK | 5,766,081.97 | 4,612,865.58 | 5,749,165.66 | 1,136,300.08 | 52,501,490.26 | 2.16% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 471,778,749.04 | 377,422,999.23 | 435,179,565.24 | 57,756,566.01 | 2,618,040,856.36 | 2.21% |
| SUN SAVINGS BANK INC | 6,955,500.63 | 5,564,400.50 | 7,995,615.69 | 2,431,215.19 | 104,537,929.83 | 2.33% |
| RIZAL COMM'L BANKING CORP | 3,128,741,619.03 | 2,502,993,295.22 | 3,561,804,559.33 | 1,058,811,264.11 | 45,331,529,316.16 | 2.34% |
| DEVELOPMENT BANK OF THE PHIL | 5,952,217,939.24 | 4,761,774,351.39 | 5,715,894,730.19 | 954,120,378.80 | 40,094,459,800.95 | 2.38% |
| CTBC BANK (PHILIPPINES) CORP | 376,072,936.98 | 300,858,349.58 | 457,401,405.13 | 156,543,055.55 | 6,392,598,403.91 | 2.45% |
| BPI FAMILY SAVINGS BANK INC | 4,654,699,353.00 | 3,723,759,482.40 | 4,211,946,971.24 | 488,187,488.84 | 18,563,852,659.29 | 2.63% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 91.63 | 73.30 | 73,974,214.82 | 73,974,141.52 | 2,532,701,534.05 | 2.92% |
| HONGKONG & SHANGHAI BANKING CORP | 1,186,140,410.67 | 948,912,328.54 | 1,188,727,905.84 | 239,815,577.30 | 6,101,749,058.38 | 3.93% |
| SECURITY BANK CORP | 958,577,062.77 | 766,861,650.22 | 2,452,549,980.38 | 1,685,688,330.16 | 42,016,799,127.69 | 4.01% |
| OPTIMUM DEVELOPMENT BANK INC | 18,286,790.21 | 14,629,432.17 | 44,626,617.39 | 29,997,185.22 | 713,672,445.02 | 4.20% |
| BANK OF COMMERCE | 3,140,730,913.06 | 2,512,584,730.45 | 3,108,071,210.14 | 595,486,479.69 | 13,184,273,245.48 | 4.52% |
| PHIL POSTAL SAVINGS BANK INC | 387,713,709.40 | 310,170,967.52 | 346,062,955.34 | 35,891,987.82 | 792,374,957.78 | 4.53% |
| PHIL BANK OF COMMUNICATIONS | 1,369,863,596.82 | 1,095,890,877.46 | 1,298,732,232.42 | 202,841,354.96 | 4,472,824,414.17 | 4.53% |
| BANK OF THE PHIL ISLANDS | 7,313,979,407.47 | 5,851,183,525.98 | 11,724,931,399.54 | 5,873,747,873.56 | 126,212,538,457.67 | 4.65% |
| UCPB SAVINGS BANK | 353,568,135.78 | 282,854,508.62 | 412,117,873.82 | 129,263,365.20 | 2,730,465,559.23 | 4.73% |
| STANDARD CHARTERED BANK | 1,572,054,950.49 | 1,257,643,960.39 | 1,339,429,791.93 | 81,785,831.54 | 1,666,384,056.91 | 4.91% |
| PHIL TRUST COMPANY | 1,146,303,968.20 | 917,043,174.56 | 1,992,376,839.36 | 1,075,333,664.80 | 21,083,481,851.29 | 5.10% |
| CORDILLERA SAVINGS BANK INC | 15,135,180.92 | 12,108,144.74 | 17,486,628.42 | 5,378,483.68 | 101,920,877.44 | 5.28% |
| PHILIPPINE VETERANS BANK | 953,671,205.86 | 762,936,964.69 | 1,076,688,778.04 | 313,751,813.35 | 5,840,262,371.45 | 5.37% |
| CARD SME BANK INC A THRIFT BANK | 21,670,955.37 | 17,336,764.30 | 36,422,500.47 | 19,085,736.17 | 291,104,890.74 | 6.56% |
| METROPOLITAN BANK & TCO | 3,280,149,921.17 | 2,624,119,936.94 | 11,572,102,150.64 | 8,947,982,213.70 | 130,598,953,354.14 | 6.85% |
| ANZ BANKING GROUP LTD | 23,339,114.85 | 18,671,291.88 | 259,724,705.59 | 241,053,413.71 | 3,302,947,026.06 | 7.30% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,660,895.91 | 6,928,716.73 | 69,701,614.59 | 62,772,897.86 | 797,420,382.03 | 7.87% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | 366,210,030.46 | 366,210,030.46 | 4,581,085,136.29 | 7.99% |
| CHINA BANKING CORP | 4,085,461,652.86 | 3,268,369,322.29 | 6,743,511,736.83 | 3,475,142,414.54 | 41,863,129,705.04 | 8.30% |
| UNION BANK OF THE PHILS | 9,264,016,489.58 | 7,411,213,191.66 | 10,735,837,873.52 | 3,324,624,681.86 | 39,604,317,566.75 | 8.39% |
| LAND BANK OF THE PHILIPPINES | 7,718,631,312.24 | 6,174,905,049.79 | 11,864,985,279.25 | 5,690,080,229.46 | 67,638,813,297.23 | 8.41% |
| BDO UNIBANK INC | 17,110,528,484.20 | 13,688,422,787.36 | 27,958,729,248.94 | 14,270,306,461.58 | 165,466,057,134.09 | 8.62% |
| PHIL SAVINGS BANK | 3,852,498,544.36 | 3,081,998,835.49 | 4,466,521,734.22 | 1,384,522,898.73 | 15,229,885,315.52 | 9.09% |
| BPI DIRECT SAVINGS BANK INC | 92,818,624.06 | 74,254,899.25 | 185,278,822.46 | 111,023,923.21 | 1,038,535,786.97 | 10.69% |
| UNITED OVERSEAS BANK PHILIPPINES | 665,448,276.65 | 532,358,621.32 | 667,735,102.81 | 135,376,481.49 | 1,264,480,366.89 | 10.71% |
| DEUTSCHE BANK AG | 0.00 | 0.00 | 178,284,263.40 | 178,284,263.40 | 1,577,747,405.91 | 11.30% |
| MEGA INT'L COMM'L BANK CO LTD | 0.00 | 0.00 | 219,352,501.10 | 219,352,501.10 | 1,878,799,338.87 | 11.68% |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 0.00 | 329,971,183.27 | 329,971,183.27 | 2,724,745,253.27 | 12.11% |
| BANGKOK BANK PUBLIC CO LTD | 4,914,155.55 | 3,931,324.44 | 160,619,067.50 | 156,687,743.06 | 1,121,635,525.23 | 13.97% |
| SECURITY BANK SAVINGS CORPORATION | 603,956,346.71 | 483,165,077.37 | 638,145,183.42 | 154,980,106.05 | 987,411,819.09 | 15.70% |
| CITIBANK, N.A. | 1,337,572,880.61 | 1,070,058,304.49 | 7,628,556,408.94 | 6,558,498,104.45 | 7,568,976,199.15 | 86.65% |
| CITY SAVINGS BANK | NA | NA | NA | NA | NA | NA |
| Grand Total | 119,769,678,594.46 | 95,815,742,875.57 | 150,204,443,224.05 | 54,388,700,348.48 | 1,028,250,270,531.76 | 5.29% |
Out of the 10 banks highlighted in yellow, 4 banks have been regularly listed as one of the"The Top Distressed Philippine Banks as of March 31, 2014".
Planters Development Bank faces a shortfall of 52.10% of its stated stockholders equity of Php 2.963 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 when it was acquired 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 2.37 times its equity as of March 31, 2014, would have to be recapitalized several times over to meet minimum loan loss provisions on its Gross NPLs. Just last July 7, 2014, the bank was acquired by BDO Unibank, the largest bank in the country, and it now has the financial resources to undertake this much needed recapitalization.
No comments:
Post a Comment