The general formula is as follows:
CAR = (Tier 1 Capital + Tier 2 Capital)/Risk Weighted Assets
Tier 1 Capital
Tier 1 CAR is the ratio of a bank's core or equity capital to its total risk-weighted assets. It measures financial strength from a regulator's point of view. Tier 1 Capital measures the bank's ability to absorb losses without a bank being required to cease trading.
The formula for Tier 1 Capital is as follows:
Tier 1 Capital = (Paid-up Capital + Statutory Reserves + Disclosed Free Reserves) - (Equity Investments in Subsidiary + Intangible Assets + Current & B/F losses)
Tier 1 CAR = Tier 1 Capital/Risk Weighted Assets
Tier 2 Capital
Tier 2 Capital is supplementary capital. It measures the ability of a bank to absorb losses in the event of a winding up and so it provides a lesser degree of protection to depositors.
The formula for Tier 2 Capital is as follows:
Tier 2 Capital = Undisclosed Reserves + General Loss Reserves + Hybrid Debt Capital Instruments and Subordinated Debts.
Common Equity Tier 1 Ratio
Investopedia defines the Common Equity Tier 1 Ratio as a capital adequacy ratio that:
"...excludes any preferred shares or non-controlling interests when determining the calculation. This differs from the Tier 1 capital ratio which is based on the sum of its equity capital and disclosed reserves, and sometimes non-redeemable, non-cumulative preferred stock."
"...Regulators use the Tier 1 common capital ratio to grade a firm's capital adequacy as one of the following rankings: Well-Capitalized, Adequately Capitalized, Undercapitalized, Significantly Undercapitalized, and Critically Undercapitalized."
Well Capitalized: Common Equity Tier 1 Ratio of 6% or more and does not pay any dividends that would affect its capital base.
Adequately Capitalized: Common Equity Tier 1 Ratio of 4% or more.
Undercapitalized: Common Equity Tier 1 Ratio below 4%.
Significantly Undercapitalized: Common Equity Tier 1 Ratio below 3%.
Critically Undercapitalized: Common Equity Tier 1 Ratio below 2%.
Banks "ranked as Undercapitalized or below are prohibited from paying any dividends or management fees. In addition, they are required to file a capital restoration plan."
For more information regarding this, please read the BIS Basel III definition of capital.
Risk Weighted Assets
Risk Weighted Assets are a bank's on balance sheet assets and off-balance sheet exposures, weighted according to risk. Different classes of assets have different risk weightings. For instance, cash on hand or a government bond has zero risk weighting and are subtracted from the total risk assets. A loan would have a 100% risk weighthing - it would be counted towards the total risk assets of the bank.
More information about this can be found here.
Minimum Capital Requirements
International Guidelines
Basel III is the global requlatory standard on bank capital adequacy, stress testing, and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision.
Under Basel III, the minimum Common Equity Tier 1 Capital Ratio is 4.5%, Tier 1 Capital Ratio is 6.0%, conservation buffer is 2.5%, and the minimum Total CAR is 8.0%.
For more information on Basel III, read this.
BSP Guidelines
The BSP issued new BASEL III Implementing Guidelines that will take effect on January 1, 2014. Under the new guidelines:
"Banks must now meet specific minimum thresholds for so-called Common Equity Tier 1 (CET1) capital and Tier 1 (T1) capital in addition to the Capital Adequacy Ratio (CAR). These regulatory thresholds effectively move banks worldwide to rely more on core capital instruments like CET1 and T1 issues. This is in lieu of hybrid instruments which did not fare well in the latest global crisis as far as absorbing losses. The ability to absorb losses is central to Basel III.
The BSP maintained the minimum Capital Adequacy Ratio (CAR) at 10.0 percent. In addition to CAR, the new framework sets a CET1 ratio of at least 6.0 percent and the Tier I capital ratio is at a minimum of 7.5 percent.
The new guidelines also introduce a capital conservation buffer of 2.5 percent which shall be made up of CET1 capital. In addition, banks which issued capital instruments from 2011 will be allowed to count these instruments as Basel III-eligible until end-2015Moreover, banks that are considered by the BSP as "too big to fail" (domestically systemically important banks) will have minimum common equity Tier 1 (CET1) Ratios that are higher by 1.5% to 3.5% higher than the existing minimum of 6.00% and the capital conservation buffer of 2.5%.
Under these guidelines, several Philippine Banks currently do not meet these guidelines as of June 30, 2014. The banks that fail to meet BSP's minimum capital requirements are as follows:
TOTAL CAR
- Bataan Savings and Loan Bank (Total CAR of 0.00%)
- Comsavings Bank (Total CAR of 7.41%)
- The Palawan Bank (Total CAR of 7.5%)
- BPI Globe Banko Inc. (Total CAR of 7.90%)
- Planters Development Bank (Total CAR of 8.20%)
Tier One CAR
- 1st Valley Bank (Tier One CAR of 0.00%)
- Bataan Savings and Loan Bank (Tier One CAR of 0.00%)
- Business & Consumers Bank (Tier One CAR of 0.00%)
- Enterprise Bank Inc. (Tier One CAR of 0.00%)
- Equicom Savings Bank, Inc. (Tier One CAR of 0.00%)
- Inter-Asia Development Bank (Tier One CAR of 0.00%)
- Maritime Savings Bank Corporation (Tier One CAR of 0.00%)
- Optimum Development Bank (Tier One CAR of 0.00%)
- Planters Development Bank (Tier One CAR of 2.64%)
- The Palawan Bank (Tier One CAR of 6.86%)
- Sterling Bank of Asia Inc. (Tier One CAR of 7.23%)
- BPI Globe Banko Inc. (Tier One CAR of 7.27%)
- Comsavings Bank (Tier One CAR of 7.27%)
- Philippine Bank of Communications (Tier One CAR of 7.98%)
- World Partners Bank (Tier One CAR of 9.48%)
- Rizal Commercial Banking Corporation (Tier One CAR of 9.96%)
Common Equity Tier One CAR
As stated above, the BSP's reporting guidelines on the Common Equity Tier One CAR (CET1) only took effect as of January 1, 2014. Banks only started reporting this ratio in their Published Statements of Condition for June 30, 2014. Over 60 banks reported their CET1 Ratio as 0.00% for June 30, 2014.
However, those banks that did report a CET1 Ratio other than 0.00%, four banks reported CET1 Ratios below BSP's recommended ratio. They are as follows:
- Robinsons Bank Corporation (CET1 Ratio of -1.76%)
- Planters Development Bank (CET1 Ratio of 2.64%)
- BPI Globe Banko Inc. (CET1 Ratio of 7.27%)
- Rizal Commercial Banking Corporation (CET1 Ratio of 9.96%)
The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of June 30, 2014 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):
| Philippine Banking System | ||
| TOTAL CAR | ||
| June 30, 2014 | ||
| Bank | Type of Bank | Total CAR |
| BATAAN SAVINGS AND LOAN BANK | Thrift | 0.00 |
| COMSAVINGS BANK | Thrift | 7.41 |
| THE PALAWAN BANK (PALAWAN DB) INC | Thrift | 7.57 |
| BPI GLOBE BANKO INC A SAVINGS BANK | Thrift | 7.90 |
| PLANTERS DEVELOPMENT BANK | Thrift | 8.20 |
| WORLD PARTNERS BANK (A THRIFT BANK) | Thrift | 10.17 |
| EQUICOM SAVINGS BANK INC | Thrift | 10.25 |
| UNITED COCONUT PLANTERS BANK | U/KB | 10.46 |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | 10.71 |
| WEALTH DEVELOPMENT BANK CORPORATION | Thrift | 11.35 |
| EAST WEST BANKING CORP | U/KB | 11.61 |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | Thrift | 11.69 |
| ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | 12.01 |
| PHIL BANK OF COMMUNICATIONS | U/KB | 12.02 |
| ALLIED SAVINGS BANK | Thrift | 12.39 |
| RCBC SAVINGS BANK INC | Thrift | 12.48 |
| CITY SAVINGS BANK INC | Thrift | 12.61 |
| UNION BANK OF THE PHILS | U/KB | 13.00 |
| BDO UNIBANK INC | U/KB | 13.08 |
| SECURITY BANK CORP | U/KB | 13.20 |
| RIZAL COMM'L BANKING CORP | U/KB | 13.33 |
| METROPOLITAN BANK & TCO | U/KB | 13.44 |
| PHIL POSTAL SAVINGS BANK INC | Thrift | 13.76 |
| STANDARD CHARTERED BANK | U/KB | 13.79 |
| LUZON DEVELOPMENT BANK | Thrift | 14.16 |
| BPI FAMILY SAVINGS BANK INC | Thrift | 14.23 |
| BANK OF THE PHIL ISLANDS | U/KB | 14.31 |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | Thrift | 14.49 |
| CHINA BANK SAVINGS INC | Thrift | 15.48 |
| LAND BANK OF THE PHILIPPINES | U/KB | 15.51 |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | Thrift | 15.73 |
| PHIL NATIONAL BANK | U/KB | 16.01 |
| ASIA UNITED BANK CORPORATION | U/KB | 16.24 |
| FARMERS SAVINGS & LOAN BANK INC | Thrift | 16.61 |
| VILLAGE BANK INC (A THRIFT BANK) | Thrift | 16.95 |
| CHINA BANKING CORP | U/KB | 17.03 |
| HONGKONG & SHANGHAI BANKING CORP | U/KB | 17.22 |
| MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | 17.72 |
| LEGAZPI SAVINGS BANK INC | Thrift | 17.81 |
| BATAAN DEVELOPMENT BANK | Thrift | 17.83 |
| MICROFINANCE MAXIMUM SB INC | Thrift | 17.91 |
| HIYAS BANKING CORPORATION | Thrift | 18.11 |
| MAYBANK PHILIPPINES INC | U/KB | 18.17 |
| PRODUCERS SAVINGS BANK CORPORATION | Thrift | 18.40 |
| PHIL SAVINGS BANK | Thrift | 19.01 |
| ROBINSONS BANK CORPORATION | U/KB | 19.71 |
| BPI DIRECT SAVINGS BANK INC | Thrift | 20.68 |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | Thrift | 21.02 |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | Thrift | 21.30 |
| PHILIPPINE VETERANS BANK | U/KB | 21.40 |
| CITIBANK, N.A. | U/KB | 21.43 |
| ANZ BANKING GROUP LTD | U/KB | 21.98 |
| DEVELOPMENT BANK OF THE PHIL | U/KB | 22.11 |
| CARD SME BANK INC A THRIFT BANK | Thrift | 22.35 |
| BANK OF CHINA LIMITED-MANILA BRANCH | U/KB | 22.70 |
| DEUTSCHE BANK AG | U/KB | 22.87 |
| BANK OF COMMERCE | U/KB | 23.14 |
| MIZUHO BANK LTD - MANILA BRANCH | U/KB | 23.26 |
| UCPB SAVINGS BANK | Thrift | 24.28 |
| DUMAGUETE CITY DEV BANK INC | Thrift | 25.01 |
| FIRST CONSOLIDATED BANK INC (A PDB) | Thrift | 26.11 |
| BDO PRIVATE BANK, INC. | U/KB | 26.28 |
| METRO CEBU PUBLIC SAVINGS BANK | Thrift | 26.38 |
| CITIBANK SAVINGS INC | Thrift | 27.06 |
| CTBC BANK (PHILIPPINES) CORP | U/KB | 27.22 |
| CITYSTATE SAVINGS BANK INC | Thrift | 28.62 |
| BUSINESS AND CONSUMERS BANK (A DB) | Thrift | 28.63 |
| NORTHPOINT DEV'T BANK INC | Thrift | 29.16 |
| LIFE SAVINGS BANK INC | Thrift | 29.24 |
| HSBC SAVINGS BANK(PHILS) INC | Thrift | 29.32 |
| INTER-ASIA DEVELOPMENT BANK | Thrift | 29.99 |
| MARITIME SAVINGS BANK CORPORATION | Thrift | 31.80 |
| LEMERY SAVINGS & LOAN BANK, INC. | Thrift | 32.70 |
| CORDILLERA SAVINGS BANK INC | Thrift | 32.83 |
| KOREA EXCHANGE BANK | U/KB | 33.58 |
| PAMPANGA DEVELOPMENT BANK | Thrift | 34.78 |
| PHIL TRUST COMPANY | U/KB | 35.62 |
| SUN SAVINGS BANK INC | Thrift | 36.81 |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | U/KB | 37.76 |
| UNIVERSITY SAVINGS BANK INC | Thrift | 40.30 |
| TOWER DEVELOPMENT BANK | Thrift | 42.41 |
| MALASIQUI PROGRESSIVE SLB, INC | Thrift | 43.12 |
| TONGYANG SAVINGS BANK INC | Thrift | 43.86 |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | Thrift | 43.98 |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | Thrift | 44.68 |
| PRIDE STAR DEVELOPMENT BANK INC | Thrift | 50.49 |
| MEGA INT'L COMM'L BANK CO LTD | U/KB | 53.77 |
| PACIFIC ACE SAVINGS BANK INC | Thrift | 55.20 |
| SAMPAGUITA SAVINGS BANK INC | Thrift | 56.15 |
| BANK OF AMERICA N.A. | U/KB | 57.20 |
| BANK ONE SAVINGS AND TRUST CORP. | Thrift | 57.60 |
| JP MORGAN CHASE BANK NATIONAL ASSN. | U/KB | 59.21 |
| MERCHANTS SAVINGS & LOAN ASSN INC | Thrift | 61.75 |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | Thrift | 61.77 |
| PROGRESS SAVINGS AND LOAN BANK INC | Thrift | 62.61 |
| OPTIMUM DEVELOPMENT BANK INC | Thrift | 66.61 |
| CENTURY SAVINGS BANK CORPORATION | Thrift | 89.61 |
| BANGKOK BANK PUBLIC CO LTD | U/KB | 90.80 |
| INTERNATIONALE NEDERLANDEN GROEP BK | U/KB | 102.61 |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | U/KB | 117.20 |
| UNITED OVERSEAS BANK PHILIPPINES | Thrift | 163.92 |
| ISLA BANK(A THRIFT BANK) INC | Thrift | 183.58 |
| BDO ELITE SAVINGS BANK INC | Thrift | 401.25 |
| Philippine Banking System | ||
| Tier One CAR | ||
| June 30, 2014 | ||
| Bank | Type of Bank | Tier One CAR |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | Thrift | 0.00 |
| BATAAN SAVINGS AND LOAN BANK | Thrift | 0.00 |
| BUSINESS AND CONSUMERS BANK (A DB) | Thrift | 0.00 |
| ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | 0.00 |
| EQUICOM SAVINGS BANK INC | Thrift | 0.00 |
| INTER-ASIA DEVELOPMENT BANK | Thrift | 0.00 |
| MARITIME SAVINGS BANK CORPORATION | Thrift | 0.00 |
| OPTIMUM DEVELOPMENT BANK INC | Thrift | 0.00 |
| PLANTERS DEVELOPMENT BANK | Thrift | 2.64 |
| THE PALAWAN BANK (PALAWAN DB) INC | Thrift | 6.86 |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | Thrift | 7.23 |
| BPI GLOBE BANKO INC A SAVINGS BANK | Thrift | 7.27 |
| COMSAVINGS BANK | Thrift | 7.27 |
| PHIL BANK OF COMMUNICATIONS | U/KB | 7.98 |
| WORLD PARTNERS BANK (A THRIFT BANK) | Thrift | 9.48 |
| RIZAL COMM'L BANKING CORP | U/KB | 9.96 |
| METROPOLITAN BANK & TCO | U/KB | 10.35 |
| UNITED COCONUT PLANTERS BANK | U/KB | 10.46 |
| WEALTH DEVELOPMENT BANK CORPORATION | Thrift | 10.66 |
| EAST WEST BANKING CORP | U/KB | 10.76 |
| ALLIED SAVINGS BANK | Thrift | 11.45 |
| MIZUHO BANK LTD - MANILA BRANCH | U/KB | 11.47 |
| CITY SAVINGS BANK INC | Thrift | 11.73 |
| RCBC SAVINGS BANK INC | Thrift | 11.77 |
| LAND BANK OF THE PHILIPPINES | U/KB | 12.06 |
| BDO UNIBANK INC | U/KB | 12.10 |
| PHIL NATIONAL BANK | U/KB | 12.42 |
| SECURITY BANK CORP | U/KB | 12.43 |
| UNION BANK OF THE PHILS | U/KB | 12.48 |
| PHIL SAVINGS BANK | Thrift | 12.59 |
| PHIL POSTAL SAVINGS BANK INC | Thrift | 12.84 |
| STANDARD CHARTERED BANK | U/KB | 13.21 |
| CHINA BANK SAVINGS INC | Thrift | 13.22 |
| LUZON DEVELOPMENT BANK | Thrift | 13.31 |
| BPI FAMILY SAVINGS BANK INC | Thrift | 13.35 |
| BANK OF THE PHIL ISLANDS | U/KB | 13.43 |
| DEVELOPMENT BANK OF THE PHIL | U/KB | 13.55 |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | Thrift | 13.85 |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | Thrift | 14.55 |
| ASIA UNITED BANK CORPORATION | U/KB | 15.80 |
| FARMERS SAVINGS & LOAN BANK INC | Thrift | 15.90 |
| CHINA BANKING CORP | U/KB | 16.12 |
| HONGKONG & SHANGHAI BANKING CORP | U/KB | 16.58 |
| VILLAGE BANK INC (A THRIFT BANK) | Thrift | 16.58 |
| MAYBANK PHILIPPINES INC | U/KB | 17.11 |
| LEGAZPI SAVINGS BANK INC | Thrift | 17.13 |
| MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | 17.30 |
| PRODUCERS SAVINGS BANK CORPORATION | Thrift | 17.78 |
| HIYAS BANKING CORPORATION | Thrift | 17.83 |
| ROBINSONS BANK CORPORATION | U/KB | 19.04 |
| BATAAN DEVELOPMENT BANK | Thrift | 19.58 |
| BPI DIRECT SAVINGS BANK INC | Thrift | 19.85 |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | Thrift | 20.48 |
| CITIBANK, N.A. | U/KB | 20.63 |
| PHILIPPINE VETERANS BANK | U/KB | 20.95 |
| ANZ BANKING GROUP LTD | U/KB | 21.51 |
| BANK OF CHINA LIMITED-MANILA BRANCH | U/KB | 22.06 |
| BANK OF COMMERCE | U/KB | 22.55 |
| DEUTSCHE BANK AG | U/KB | 22.60 |
| UCPB SAVINGS BANK | Thrift | 23.58 |
| DUMAGUETE CITY DEV BANK INC | Thrift | 24.59 |
| FIRST CONSOLIDATED BANK INC (A PDB) | Thrift | 25.33 |
| METRO CEBU PUBLIC SAVINGS BANK | Thrift | 25.75 |
| BDO PRIVATE BANK, INC. | U/KB | 26.04 |
| CTBC BANK (PHILIPPINES) CORP | U/KB | 26.42 |
| CITIBANK SAVINGS INC | Thrift | 27.06 |
| MICROFINANCE MAXIMUM SB INC | Thrift | 27.08 |
| CITYSTATE SAVINGS BANK INC | Thrift | 28.20 |
| HSBC SAVINGS BANK(PHILS) INC | Thrift | 28.65 |
| LIFE SAVINGS BANK INC | Thrift | 29.02 |
| NORTHPOINT DEV'T BANK INC | Thrift | 29.16 |
| CORDILLERA SAVINGS BANK INC | Thrift | 32.26 |
| KOREA EXCHANGE BANK | U/KB | 33.19 |
| PHIL TRUST COMPANY | U/KB | 35.27 |
| SUN SAVINGS BANK INC | Thrift | 35.95 |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | U/KB | 36.97 |
| LEMERY SAVINGS & LOAN BANK, INC. | Thrift | 37.42 |
| MALASIQUI PROGRESSIVE SLB, INC | Thrift | 42.93 |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | Thrift | 43.53 |
| TONGYANG SAVINGS BANK INC | Thrift | 43.86 |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | Thrift | 44.25 |
| MEGA INT'L COMM'L BANK CO LTD | U/KB | 52.81 |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | 55.17 |
| PACIFIC ACE SAVINGS BANK INC | Thrift | 55.44 |
| SAMPAGUITA SAVINGS BANK INC | Thrift | 56.03 |
| BANK OF AMERICA N.A. | U/KB | 56.98 |
| BANK ONE SAVINGS AND TRUST CORP. | Thrift | 57.24 |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | Thrift | 58.85 |
| JP MORGAN CHASE BANK NATIONAL ASSN. | U/KB | 59.05 |
| MERCHANTS SAVINGS & LOAN ASSN INC | Thrift | 62.04 |
| PROGRESS SAVINGS AND LOAN BANK INC | Thrift | 62.61 |
| PRIDE STAR DEVELOPMENT BANK INC | Thrift | 72.39 |
| INTERNATIONALE NEDERLANDEN GROEP BK | U/KB | 84.23 |
| CENTURY SAVINGS BANK CORPORATION | Thrift | 88.40 |
| BANGKOK BANK PUBLIC CO LTD | U/KB | 89.85 |
| TOWER DEVELOPMENT BANK | Thrift | 110.91 |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | U/KB | 116.58 |
| PAMPANGA DEVELOPMENT BANK | Thrift | 121.84 |
| UNIVERSITY SAVINGS BANK INC | Thrift | 140.47 |
| UNITED OVERSEAS BANK PHILIPPINES | Thrift | 162.10 |
| ISLA BANK(A THRIFT BANK) INC | Thrift | 183.37 |
| CARD SME BANK INC A THRIFT BANK | Thrift | 296.37 |
| BDO ELITE SAVINGS BANK INC | Thrift | 401.25 |
| Philippine Banking System | ||
| Common Tier 1 Ratio | ||
| June 30, 2014 | ||
| Bank | Type of Bank | Common Tier 1 Ratio |
| ROBINSONS BANK CORPORATION | U/KB | -1.76 |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | Thrift | 0.00 |
| BANK OF AMERICA N.A. | U/KB | 0.00 |
| BANK OF CHINA LIMITED-MANILA BRANCH | U/KB | 0.00 |
| BANK ONE SAVINGS AND TRUST CORP. | Thrift | 0.00 |
| BATAAN DEVELOPMENT BANK | Thrift | 0.00 |
| BATAAN SAVINGS AND LOAN BANK | Thrift | 0.00 |
| BUSINESS AND CONSUMERS BANK (A DB) | Thrift | 0.00 |
| CARD SME BANK INC A THRIFT BANK | Thrift | 0.00 |
| CENTURY SAVINGS BANK CORPORATION | Thrift | 0.00 |
| CITYSTATE SAVINGS BANK INC | Thrift | 0.00 |
| COMSAVINGS BANK | Thrift | 0.00 |
| CORDILLERA SAVINGS BANK INC | Thrift | 0.00 |
| DUMAGUETE CITY DEV BANK INC | Thrift | 0.00 |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | Thrift | 0.00 |
| ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | 0.00 |
| EQUICOM SAVINGS BANK INC | Thrift | 0.00 |
| FARMERS SAVINGS & LOAN BANK INC | Thrift | 0.00 |
| FIRST CONSOLIDATED BANK INC (A PDB) | Thrift | 0.00 |
| HIYAS BANKING CORPORATION | Thrift | 0.00 |
| INTER-ASIA DEVELOPMENT BANK | Thrift | 0.00 |
| ISLA BANK(A THRIFT BANK) INC | Thrift | 0.00 |
| LEGAZPI SAVINGS BANK INC | Thrift | 0.00 |
| LEMERY SAVINGS & LOAN BANK, INC. | Thrift | 0.00 |
| LIFE SAVINGS BANK INC | Thrift | 0.00 |
| LUZON DEVELOPMENT BANK | Thrift | 0.00 |
| MALASIQUI PROGRESSIVE SLB, INC | Thrift | 0.00 |
| MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | 0.00 |
| MARITIME SAVINGS BANK CORPORATION | Thrift | 0.00 |
| MERCHANTS SAVINGS & LOAN ASSN INC | Thrift | 0.00 |
| METRO CEBU PUBLIC SAVINGS BANK | Thrift | 0.00 |
| MICROFINANCE MAXIMUM SB INC | Thrift | 0.00 |
| MIZUHO BANK LTD - MANILA BRANCH | U/KB | 0.00 |
| NORTHPOINT DEV'T BANK INC | Thrift | 0.00 |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | 0.00 |
| OPTIMUM DEVELOPMENT BANK INC | Thrift | 0.00 |
| PACIFIC ACE SAVINGS BANK INC | Thrift | 0.00 |
| PAMPANGA DEVELOPMENT BANK | Thrift | 0.00 |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | Thrift | 0.00 |
| PHIL BANK OF COMMUNICATIONS | U/KB | 0.00 |
| PHIL POSTAL SAVINGS BANK INC | Thrift | 0.00 |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | Thrift | 0.00 |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | Thrift | 0.00 |
| PRIDE STAR DEVELOPMENT BANK INC | Thrift | 0.00 |
| PRODUCERS SAVINGS BANK CORPORATION | Thrift | 0.00 |
| PROGRESS SAVINGS AND LOAN BANK INC | Thrift | 0.00 |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | Thrift | 0.00 |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | Thrift | 0.00 |
| RCBC SAVINGS BANK INC | Thrift | 0.00 |
| SAMPAGUITA SAVINGS BANK INC | Thrift | 0.00 |
| STANDARD CHARTERED BANK | U/KB | 0.00 |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | Thrift | 0.00 |
| SUN SAVINGS BANK INC | Thrift | 0.00 |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | U/KB | 0.00 |
| THE PALAWAN BANK (PALAWAN DB) INC | Thrift | 0.00 |
| TONGYANG SAVINGS BANK INC | Thrift | 0.00 |
| TOWER DEVELOPMENT BANK | Thrift | 0.00 |
| UCPB SAVINGS BANK | Thrift | 0.00 |
| UNITED OVERSEAS BANK PHILIPPINES | Thrift | 0.00 |
| UNIVERSITY SAVINGS BANK INC | Thrift | 0.00 |
| VILLAGE BANK INC (A THRIFT BANK) | Thrift | 0.00 |
| WEALTH DEVELOPMENT BANK CORPORATION | Thrift | 0.00 |
| WORLD PARTNERS BANK (A THRIFT BANK) | Thrift | 0.00 |
| PLANTERS DEVELOPMENT BANK | Thrift | 2.64 |
| BPI GLOBE BANKO INC A SAVINGS BANK | Thrift | 7.27 |
| RIZAL COMM'L BANKING CORP | U/KB | 9.96 |
| METROPOLITAN BANK & TCO | U/KB | 10.35 |
| UNITED COCONUT PLANTERS BANK | U/KB | 10.46 |
| EAST WEST BANKING CORP | U/KB | 10.76 |
| ALLIED SAVINGS BANK | Thrift | 11.45 |
| BDO UNIBANK INC | U/KB | 11.62 |
| LAND BANK OF THE PHILIPPINES | U/KB | 12.07 |
| PHIL NATIONAL BANK | U/KB | 12.42 |
| SECURITY BANK CORP | U/KB | 12.43 |
| UNION BANK OF THE PHILS | U/KB | 12.48 |
| PHIL SAVINGS BANK | Thrift | 12.59 |
| CITY SAVINGS BANK INC | Thrift | 12.77 |
| CHINA BANK SAVINGS INC | Thrift | 13.21 |
| BPI FAMILY SAVINGS BANK INC | Thrift | 13.35 |
| BANK OF THE PHIL ISLANDS | U/KB | 13.43 |
| DEVELOPMENT BANK OF THE PHIL | U/KB | 13.55 |
| ASIA UNITED BANK CORPORATION | U/KB | 15.80 |
| CHINA BANKING CORP | U/KB | 16.12 |
| HONGKONG & SHANGHAI BANKING CORP | U/KB | 16.58 |
| MAYBANK PHILIPPINES INC | U/KB | 17.11 |
| PHILIPPINE VETERANS BANK | U/KB | 19.37 |
| BPI DIRECT SAVINGS BANK INC | Thrift | 19.85 |
| BDO PRIVATE BANK, INC. | U/KB | 20.19 |
| CITIBANK, N.A. | U/KB | 20.64 |
| ANZ BANKING GROUP LTD | U/KB | 21.51 |
| BANK OF COMMERCE | U/KB | 22.55 |
| DEUTSCHE BANK AG | U/KB | 22.60 |
| CTBC BANK (PHILIPPINES) CORP | U/KB | 26.42 |
| CITIBANK SAVINGS INC | Thrift | 27.06 |
| HSBC SAVINGS BANK(PHILS) INC | Thrift | 28.65 |
| KOREA EXCHANGE BANK | U/KB | 33.19 |
| PHIL TRUST COMPANY | U/KB | 35.27 |
| MEGA INT'L COMM'L BANK CO LTD | U/KB | 52.81 |
| JP MORGAN CHASE BANK NATIONAL ASSN. | U/KB | 59.05 |
| INTERNATIONALE NEDERLANDEN GROEP BK | U/KB | 84.23 |
| BANGKOK BANK PUBLIC CO LTD | U/KB | 89.85 |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | U/KB | 116.58 |
| BDO ELITE SAVINGS BANK INC | Thrift | 401.25 |
Source: www.bsp.gov.ph
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