Philippine Banks Deteriorate in the 2nd 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 25.158 billion or 3.82% from March 31, 2014 to June 30, 2014.  This increase was partially offset by a 0..54% decrease 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 increase by 3.28%, from 57.58% as of March 2014  to 59.47% as of June 30, 2014. On a year on year basis, the Distressed Asset Ratio has dropped 12.21% from 67.74% as of June 30, 2013 to 59.47% as of June 30, 2014.  

Those banks that posted significant improvements (25% or more) in this ratio include (Distressed banks are highlighted in yellow).
:

1. JP Morgan Chase Bank National Association (83.95% decrease)
2. Pacific Ace Savings Bank Inc. (56.87% decrease)
3. China Banking Corporation (50.09% decrease)
4. Bank of America N.A. (49.35% decrease)
5. University Savings Bank (40.42% decrease)
6. Progress Savings and Loan Bank Inc. (40.04% decrease)
7. Land Bank of the Philippines (36.35% decrease)
8. Korea Exchange Bank (25.06% decrease)

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

1. Citibank Savings Inc (114.72% increase)
2. ANZ Banking Group (102.74% increase)
3. Deutsche Bank AG (91.92% increase)
4. Hongkong & Shanghai Banking Corp (64.18% increase)
5. Cordillera Savings Bank (56.42% increase)
6. CTBC Bank (52.57% increase)
7. Philippine Resources Savings Banking Corporation (50.13% increase)
8. Century Savings Bank Corporation (46.08% increase)
9. BDO Unibank Inc. (42.50% increase)
10. Citibank, N.A. (38.91% increase)
11. First Consolidated Bank Inc. (33.82% increase)
12. Tongyang Savings Bank Inc. (32.68% increase)
13. Malayan Bank Saving and Mortgage Bank Inc. (32.57% increase)
14. Card SME Bank Inc. (28.93% increase)
15. Sun Savings Bank Inc. (27.67% increase)
16. Philippine Business Bank Inc. (27.22% increase)
17. Equicom Savings Bank Inc. (26.89% increase)
18. Optimum Development Bank Inc. (25.07% increase)

Distressed Banks


Six 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 June 30, 2014. These six banks ranked as distressed showed significant deterioration in their distressed ratios as of June 30, 2014.  These banks are:

1. Deutsche Bank AG (91.92% increase)
2. HongKong & Shanghai Banking Corp. (64.18% increase)
3. Philippine Resources Savings Banking Corporation (50.13% increase)
4. Citibank, N.A. (38.91% increase)
5. Malayan Bank Savings and Morgage Bank Inc. (32.57% increase)
6. Equicom Savings Bank Inc. (26.89% increase)

The Real Bank, which was ranked as the most distressed Philippine Bank last March 31, 2014, did not have a Published Statement of Condition as of June 30, 2014. Because of this,the second most distressed Philippine Bank, Legazpi Savings Bank, now ranks as the most distressed Philippine Bank as of June 30, 2014.  Its Total Distressed Assets are over fifteen times its Total Capital Cushion.

The list of Philippine Banks classified as distressed as of June 30, 2014 are as follows:

1. Legazpi Savings Bank (Distressed Ratio of 1542.70%)
2. Bank of China Limited - Manila Branch (Distressed Ratio of 1151.42%)
3. Comsavings Bank (Distressed Ratio of 1022.67%)
4. Village Bank Inc. (Distressed Ratio of 705.10%)
5. Citibank, N.A. (Distressed Ratio of 365.88%)
6. United Coconut Planters (Distressed Ratio of 301.61%)
7. Business and Consumers Bank (Distressed Ratio of 264.76%)
8. Inter-Asia Development Bank (Distressed Ratio of 246.27%)
9. Planters Development Bank (Distressed Ratio of 225.88%)
10. Bank of Commerce (Distressed Ratio of 186.19%)
11. Standard Chartered Bank (Distressed Ratio of 174.75%)
12. Deutsche Bank AG (Distressed Ratio of 159.41%)
13. World Partners Bank (Distressed Ratio of 155.53%)
14. Bataan Development Bank (Distressed Ratio of 145.41%)
15. Philippine Bank of Communications (Distressed Ratio of 135.55%)
16. Enterprise Bank Inc. (Distressed Ratio of 133.80%)
17. RCBC Savings Bank Inc. (Distressed Ratio of 126.43%)
18. Malayan Bank Savings and Mortgage Bank (125.53%)
19. Microfinance Maximum SB Inc. (Distressed Ratio of 124.16%)
20. Philippine Resources Savings Banking Corporation (Distressed Ratio of 112.00%)
21. Equicom Savings Bank Inc. (Distressed Ratio of 111.35%)
22. Hongkong & Shanghai Banking Corporation (Distressed Ratio of 106.30%)
23. BPI Globe Banko Inc. (Distressed Ratio of 104.61%)
24. China Bank Savings Inc. (Distressed Ratio of 100.49%)

As a group the distressed banks showed some deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 225.14% as of June 30, 2014, up from 220.14% as of March 31, 2014.  

Departures

Korea Exchange Bank, which had a Distressed Ratio of 102.53% as of March 31, 2014, dropped out of the list of Distressed Banks with a Distressed Ratio of 76.84% as of June 30, 2014.  The Real Bank had no Published Statement of Condition as of June 30, 2014. Philippine Veterans Bank, which had a Distressed Ratio of 106.41% as of March 31, 2014, also dropped out of the list of Distressed Banks with a Distressed Ratio of 93.23% as of June 30, 2014.

Arrivals

Three banks entered the Distressed Banks List: Deutsche Bank AG, Malayan Bank Savings and Mortgage Bank Inc, Philippine Resources Savings Banking Corporation, Equicom Savings Bank Inc, and Hongkong & Shanghai Banking Corporation.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2014 to June 30, 2014
In %
Bank	June 30, 2014	March 31, 2014	Variance	% Variance
CITIBANK SAVINGS INC	16.95%	7.90%	9.06%	114.72%
ANZ BANKING GROUP LTD	54.52%	26.89%	27.63%	102.74%
DEUTSCHE BANK AG	159.41%	83.06%	76.35%	91.92%
HONGKONG & SHANGHAI BANKING CORP	106.30%	64.75%	41.55%	64.18%
CORDILLERA SAVINGS BANK INC	68.96%	44.09%	24.88%	56.42%
CTBC BANK (PHILIPPINES) CORP	33.36%	21.87%	11.50%	52.57%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	112.00%	74.60%	37.40%	50.13%
CENTURY SAVINGS BANK CORPORATION	11.95%	8.18%	3.77%	46.08%
BDO UNIBANK INC	56.93%	39.95%	16.98%	42.50%
CITIBANK, N.A.	365.88%	263.39%	102.49%	38.91%
FIRST CONSOLIDATED BANK INC (A PDB)	33.45%	24.99%	8.45%	33.82%
TONGYANG SAVINGS BANK INC	67.64%	50.98%	16.66%	32.68%
MALAYAN BANK SAVINGS AND MORT BANK INC	125.53%	94.69%	30.84%	32.57%
CARD SME BANK INC A THRIFT BANK	20.86%	16.18%	4.68%	28.93%
SUN SAVINGS BANK INC	9.86%	7.72%	2.14%	27.67%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	31.98%	25.14%	6.84%	27.22%
EQUICOM SAVINGS BANK INC	111.35%	87.75%	23.60%	26.89%
OPTIMUM DEVELOPMENT BANK INC	18.53%	14.81%	3.71%	25.07%
BANGKOK BANK PUBLIC CO LTD	5.14%	4.14%	1.00%	24.09%
HSBC SAVINGS BANK(PHILS) INC	14.14%	11.56%	2.58%	22.35%
BANK OF CHINA LIMITED-MANILA BRANCH	1151.42%	942.64%	208.78%	22.15%
EAST WEST BANKING CORP	68.98%	59.40%	9.58%	16.12%
ENTERPRISE BANK INC (A THRIFT BANK)	133.80%	115.88%	17.93%	15.47%
COMSAVINGS BANK	1022.67%	898.15%	124.52%	13.86%
FARMERS SAVINGS & LOAN BANK INC	91.90%	80.91%	10.99%	13.58%
LUZON DEVELOPMENT BANK	61.66%	54.45%	7.21%	13.24%
BPI DIRECT SAVINGS BANK INC	20.33%	18.01%	2.33%	12.93%
MIZUHO BANK LTD - MANILA BRANCH	40.25%	35.95%	4.29%	11.94%
THE PALAWAN BANK (PALAWAN DB) INC	71.56%	64.22%	7.33%	11.42%
ISLA BANK(A THRIFT BANK) INC	8.60%	7.77%	0.83%	10.69%
ROBINSONS BANK CORPORATION	40.76%	37.31%	3.45%	9.24%
METRO CEBU PUBLIC SAVINGS BANK	56.94%	52.16%	4.78%	9.16%
DEVELOPMENT BANK OF THE PHIL	47.98%	44.07%	3.91%	8.87%
RCBC SAVINGS BANK INC	126.43%	118.79%	7.64%	6.43%
HIYAS BANKING CORPORATION	19.59%	18.46%	1.13%	6.12%
MAYBANK PHILIPPINES INC	32.67%	31.30%	1.37%	4.38%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.39%	2.29%	0.09%	4.10%
CITYSTATE SAVINGS BANK INC	34.25%	33.08%	1.17%	3.53%
WEALTH DEVELOPMENT BANK CORPORATION	85.31%	82.52%	2.78%	3.37%
BDO PRIVATE BANK, INC.	37.94%	36.82%	1.12%	3.04%
WORLD PARTNERS BANK (A THRIFT BANK)	155.53%	150.96%	4.57%	3.03%
ALLIED SAVINGS BANK	59.01%	57.53%	1.48%	2.58%
PHIL SAVINGS BANK	77.11%	75.62%	1.49%	1.97%
VILLAGE BANK INC (A THRIFT BANK)	705.10%	693.87%	11.23%	1.62%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	81.79%	80.49%	1.30%	1.62%
SECURITY BANK CORP	23.66%	23.32%	0.34%	1.46%
BATAAN DEVELOPMENT BANK	145.41%	143.59%	1.82%	1.27%
BANK OF COMMERCE	186.19%	184.73%	1.45%	0.79%
PHIL POSTAL SAVINGS BANK INC	61.78%	61.37%	0.41%	0.67%
UNION BANK OF THE PHILS	70.39%	70.25%	0.14%	0.20%
TOWER DEVELOPMENT BANK	18.99%	18.96%	0.03%	0.17%
LIFE SAVINGS BANK INC	36.13%	36.10%	0.02%	0.07%
UNITED OVERSEAS BANK PHILIPPINES	41.92%	41.92%	-0.01%	-0.01%
PAMPANGA DEVELOPMENT BANK	38.16%	38.16%	-0.01%	-0.02%
PHIL BANK OF COMMUNICATIONS	135.55%	135.69%	-0.14%	-0.10%
UNITED COCONUT PLANTERS BANK	301.61%	302.59%	-0.98%	-0.32%
PRIDE STAR DEVELOPMENT BANK INC	63.73%	63.98%	-0.26%	-0.40%
MERCHANTS SAVINGS & LOAN ASSN INC	54.19%	54.48%	-0.30%	-0.54%
MICROFINANCE MAXIMUM SB INC	124.16%	125.13%	-0.98%	-0.78%
BANK ONE SAVINGS AND TRUST CORP.	38.66%	39.02%	-0.36%	-0.92%
PLANTERS DEVELOPMENT BANK	225.88%	228.23%	-2.35%	-1.03%
ASIA UNITED BANK CORPORATION	42.90%	43.41%	-0.51%	-1.17%
UCPB SAVINGS BANK	75.30%	76.23%	-0.93%	-1.22%
METROPOLITAN BANK & TCO	39.48%	39.98%	-0.50%	-1.25%
SAMPAGUITA SAVINGS BANK INC	34.18%	34.70%	-0.52%	-1.50%
INTERNATIONALE NEDERLANDEN GROEP BK	6.97%	7.09%	-0.12%	-1.71%
BPI FAMILY SAVINGS BANK INC	49.46%	50.45%	-0.99%	-1.96%
PHIL NATIONAL BANK	85.22%	87.07%	-1.85%	-2.13%
BUSINESS AND CONSUMERS BANK (A DB)	264.76%	271.22%	-6.47%	-2.38%
PHIL TRUST COMPANY	34.63%	36.09%	-1.47%	-4.07%
MARITIME SAVINGS BANK CORPORATION	43.46%	45.37%	-1.90%	-4.19%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	5.13%	5.40%	-0.27%	-5.00%
RIZAL COMM'L BANKING CORP	34.49%	36.36%	-1.87%	-5.13%
BPI GLOBE BANKO INC A SAVINGS BANK	104.61%	110.63%	-6.02%	-5.44%
SECURITY BANK SAVINGS CORPORATION	92.26%	97.72%	-5.46%	-5.59%
BANK OF THE PHIL ISLANDS	25.18%	26.82%	-1.64%	-6.12%
DUMAGUETE CITY DEV BANK INC	86.19%	92.21%	-6.02%	-6.53%
BATAAN SAVINGS AND LOAN BANK	13.56%	14.68%	-1.12%	-7.60%
QUEZON COCONUT BANK INC (A THRIFT BANK)	26.75%	29.04%	-2.29%	-7.90%
PRODUCERS SAVINGS BANK CORPORATION	65.80%	72.15%	-6.35%	-8.80%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	57.22%	63.23%	-6.01%	-9.50%
1ST VALLEY BANK INC A DEVELOPMENT BANK	27.19%	30.11%	-2.93%	-9.72%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	36.46%	41.08%	-4.63%	-11.27%
BDO ELITE SAVINGS BANK INC	11.09%	12.54%	-1.45%	-11.59%
LEMERY SAVINGS & LOAN BANK, INC.	20.86%	23.72%	-2.86%	-12.06%
PHILIPPINE VETERANS BANK	93.23%	106.41%	-13.17%	-12.38%
MEGA INT'L COMM'L BANK CO LTD	32.64%	37.30%	-4.66%	-12.49%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	18.90%	22.26%	-3.36%	-15.11%
STANDARD CHARTERED BANK	174.75%	210.52%	-35.77%	-16.99%
INTER-ASIA DEVELOPMENT BANK	246.27%	297.06%	-50.79%	-17.10%
CHINA BANK SAVINGS INC	100.49%	121.82%	-21.32%	-17.51%
MALASIQUI PROGRESSIVE SLB, INC	32.37%	40.10%	-7.73%	-19.28%
LEGAZPI SAVINGS BANK INC	1542.70%	1942.31%	-399.61%	-20.57%
CITY SAVINGS BANK INC	30.18%	38.46%	-8.28%	-21.52%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	61.66%	79.01%	-17.34%	-21.95%
NORTHPOINT DEV'T BANK INC	55.67%	73.49%	-17.82%	-24.25%
KOREA EXCHANGE BANK	76.84%	102.53%	-25.69%	-25.06%
LAND BANK OF THE PHILIPPINES	37.35%	58.68%	-21.33%	-36.35%
PROGRESS SAVINGS AND LOAN BANK INC	3.02%	5.04%	-2.02%	-40.04%
UNIVERSITY SAVINGS BANK INC	46.33%	77.76%	-31.43%	-40.42%
BANK OF AMERICA N.A.	2.54%	5.02%	-2.48%	-49.35%
CHINA BANKING CORP	22.64%	45.35%	-22.71%	-50.09%
PACIFIC ACE SAVINGS BANK INC	5.84%	13.55%	-7.71%	-56.87%
JP MORGAN CHASE BANK NATIONAL ASSN.	3.30%	20.57%	-17.27%	-83.95%
THE REAL BANK (A THRIFT BANK) INC	NA	3818.71%	NA	NA
MBANK PHILIPPINES	NA	NA	NA	NA
Grand Total	59.47%	57.58%	1.89%	3.28%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2014 to June 30, 2014
In Php
		June 30, 2014				March 31, 2014				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 %)
LEGAZPI SAVINGS BANK INC	879,874,867.82	57,034,752.11	1542.70%		883,616,575.38	45,493,094.16	1942.31%		-3,741,707.56	11,541,657.95	-399.61%		-0.42%	25.37%	-20.57%
BANK OF CHINA LIMITED-MANILA BRANCH	8,106,394,571.94	704,034,474.62	1151.42%		6,482,965,116.72	687,745,807.59	942.64%		1,623,429,455.22	16,288,667.03	208.78%		25.04%	2.37%	22.15%
COMSAVINGS BANK	1,409,897,058.99	137,864,070.41	1022.67%		1,419,267,559.05	158,020,725.06	898.15%		-9,370,500.06	-20,156,654.65	124.52%		-0.66%	-12.76%	13.86%
VILLAGE BANK INC (A THRIFT BANK)	619,519,702.70	87,862,534.12	705.10%		636,913,975.58	91,791,617.61	693.87%		-17,394,272.88	-3,929,083.49	11.23%		-2.73%	-4.28%	1.62%
CITIBANK, N.A.	54,565,645,942.16	14,913,671,357.97	365.88%		40,010,810,834.20	15,190,903,900.06	263.39%		14,554,835,107.96	-277,232,542.09	102.49%		36.38%	-1.82%	38.91%
UNITED COCONUT PLANTERS BANK	39,078,598,958.66	12,956,763,697.89	301.61%		38,841,139,275.92	12,836,411,761.62	302.59%		237,459,682.74	120,351,936.27	-0.98%		0.61%	0.94%	-0.32%
BUSINESS AND CONSUMERS BANK (A DB)	231,554,907.64	87,458,878.55	264.76%		237,477,294.72	87,557,322.07	271.22%		-5,922,387.08	-98,443.52	-6.47%		-2.49%	-0.11%	-2.38%
INTER-ASIA DEVELOPMENT BANK	142,643,766.68	57,921,470.27	246.27%		151,711,427.93	51,070,845.44	297.06%		-9,067,661.25	6,850,624.83	-50.79%		-5.98%	13.41%	-17.10%
PLANTERS DEVELOPMENT BANK	8,979,574,365.84	3,975,436,994.46	225.88%		9,259,994,033.42	4,057,381,483.39	228.23%		-280,419,667.58	-81,944,488.93	-2.35%		-3.03%	-2.02%	-1.03%
BANK OF COMMERCE	33,490,480,010.07	17,987,395,616.57	186.19%		33,693,019,133.59	18,238,655,653.70	184.73%		-202,539,123.52	-251,260,037.13	1.45%		-0.60%	-1.38%	0.79%
STANDARD CHARTERED BANK	5,713,234,795.82	3,269,363,946.23	174.75%		6,380,326,539.11	3,030,779,309.09	210.52%		-667,091,743.29	238,584,637.14	-35.77%		-10.46%	7.87%	-16.99%
DEUTSCHE BANK AG	2,308,475,208.75	1,448,134,826.54	159.41%		1,236,836,633.51	1,489,081,000.23	83.06%		1,071,638,575.24	-40,946,173.69	76.35%		86.64%	-2.75%	91.92%
WORLD PARTNERS BANK (A THRIFT BANK)	240,496,348.40	154,633,855.61	155.53%		245,483,625.64	162,616,013.09	150.96%		-4,987,277.24	-7,982,157.48	4.57%		-2.03%	-4.91%	3.03%
BATAAN DEVELOPMENT BANK	117,427,574.88	80,756,947.34	145.41%		117,274,604.38	81,674,612.33	143.59%		152,970.50	-917,664.99	1.82%		0.13%	-1.12%	1.27%
PHIL BANK OF COMMUNICATIONS	8,134,346,587.67	6,001,157,757.13	135.55%		8,086,949,168.74	5,960,086,276.65	135.69%		47,397,418.93	41,071,480.48	-0.14%		0.59%	0.69%	-0.10%
ENTERPRISE BANK INC (A THRIFT BANK)	332,751,749.08	248,684,560.67	133.80%		289,719,494.60	250,023,092.67	115.88%		43,032,254.48	-1,338,532.00	17.93%		14.85%	-0.54%	15.47%
RCBC SAVINGS BANK INC	11,062,843,191.61	8,750,317,702.74	126.43%		10,221,852,495.38	8,605,215,172.75	118.79%		840,990,696.23	145,102,529.99	7.64%		8.23%	1.69%	6.43%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,573,000,491.68	1,253,078,078.32	125.53%		1,162,169,907.42	1,227,319,029.44	94.69%		410,830,584.26	25,759,048.88	30.84%		35.35%	2.10%	32.57%
MICROFINANCE MAXIMUM SB INC	57,217,159.58	46,084,119.30	124.16%		57,563,924.20	46,001,537.66	125.13%		-346,764.62	82,581.64	-0.98%		-0.60%	0.18%	-0.78%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	1,972,870,076.28	1,761,530,461.51	112.00%		1,337,624,049.15	1,793,022,247.43	74.60%		635,246,027.13	-31,491,785.92	37.40%		47.49%	-1.76%	50.13%
EQUICOM SAVINGS BANK INC	681,860,105.37	612,349,794.92	111.35%		548,851,100.05	625,456,385.90	87.75%		133,009,005.32	-13,106,590.98	23.60%		24.23%	-2.10%	26.89%
HONGKONG & SHANGHAI BANKING CORP	7,066,336,155.55	6,647,695,302.00	106.30%		4,247,991,042.80	6,561,108,977.33	64.75%		2,818,345,112.75	86,586,324.67	41.55%		66.35%	1.32%	64.18%
BPI GLOBE BANKO INC A SAVINGS BANK	606,468,015.81	579,739,922.26	104.61%		458,140,447.76	414,110,805.27	110.63%		148,327,568.05	165,629,116.99	-6.02%		32.38%	40.00%	-5.44%
CHINA BANK SAVINGS INC	2,134,861,055.94	2,124,395,159.80	100.49%		1,828,975,818.90	1,501,414,294.17	121.82%		305,885,237.04	622,980,865.63	-21.32%		16.72%	41.49%	-17.51%
PHILIPPINE VETERANS BANK	6,607,410,255.25	7,086,898,497.62	93.23%		7,546,595,916.99	7,092,283,324.05	106.41%		-939,185,661.74	-5,384,826.43	-13.17%		-12.45%	-0.08%	-12.38%
SECURITY BANK SAVINGS CORPORATION	1,432,024,608.31	1,552,150,149.28	92.26%		1,564,677,008.28	1,601,143,895.88	97.72%		-132,652,399.97	-48,993,746.60	-5.46%		-8.48%	-3.06%	-5.59%
FARMERS SAVINGS & LOAN BANK INC	118,740,441.59	129,210,553.97	91.90%		107,122,908.76	132,400,322.41	80.91%		11,617,532.83	-3,189,768.44	10.99%		10.85%	-2.41%	13.58%
DUMAGUETE CITY DEV BANK INC	206,934,168.31	240,089,355.49	86.19%		206,060,280.87	223,461,033.96	92.21%		873,887.44	16,628,321.53	-6.02%		0.42%	7.44%	-6.53%
WEALTH DEVELOPMENT BANK CORPORATION	394,206,497.12	462,106,341.85	85.31%		386,316,007.75	468,131,132.46	82.52%		7,890,489.37	-6,024,790.61	2.78%		2.04%	-1.29%	3.37%
PHIL NATIONAL BANK	77,043,373,818.58	90,402,280,458.89	85.22%		78,350,746,204.90	89,982,011,238.61	87.07%		-1,307,372,386.32	420,269,220.28	-1.85%		-1.67%	0.47%	-2.13%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,850,609,910.68	2,262,704,632.75	81.79%		1,868,126,760.09	2,321,031,017.75	80.49%		-17,516,849.41	-58,326,385.00	1.30%		-0.94%	-2.51%	1.62%
PHIL SAVINGS BANK	14,773,590,643.37	19,158,912,759.22	77.11%		14,832,530,669.74	19,613,859,597.74	75.62%		-58,940,026.37	-454,946,838.52	1.49%		-0.40%	-2.32%	1.97%
KOREA EXCHANGE BANK	434,864,995.39	565,951,179.94	76.84%		628,834,349.03	613,337,117.18	102.53%		-193,969,353.64	-47,385,937.24	-25.69%		-30.85%	-7.73%	-25.06%
UCPB SAVINGS BANK	2,383,408,620.27	3,165,259,829.57	75.30%		2,342,627,057.93	3,073,140,771.84	76.23%		40,781,562.34	92,119,057.73	-0.93%		1.74%	3.00%	-1.22%
THE PALAWAN BANK (PALAWAN DB) INC	26,500,496.50	37,033,985.35	71.56%		23,419,653.21	36,465,737.75	64.22%		3,080,843.29	568,247.60	7.33%		13.15%	1.56%	11.42%
UNION BANK OF THE PHILS	39,739,692,474.18	56,453,541,993.22	70.39%		39,696,953,117.41	56,505,178,526.31	70.25%		42,739,356.77	-51,636,533.09	0.14%		0.11%	-0.09%	0.20%
EAST WEST BANKING CORP	15,302,650,057.77	22,185,115,642.78	68.98%		13,225,307,820.30	22,265,109,429.44	59.40%		2,077,342,237.47	-79,993,786.66	9.58%		15.71%	-0.36%	16.12%
CORDILLERA SAVINGS BANK INC	82,089,567.84	119,032,106.92	68.96%		50,926,215.86	115,509,253.02	44.09%		31,163,351.98	3,522,853.90	24.88%		61.19%	3.05%	56.42%
TONGYANG SAVINGS BANK INC	326,606,534.99	482,837,604.18	67.64%		250,084,191.13	490,525,314.15	50.98%		76,522,343.86	-7,687,709.97	16.66%		30.60%	-1.57%	32.68%
PRODUCERS SAVINGS BANK CORPORATION	825,844,871.57	1,255,089,441.42	65.80%		898,312,422.14	1,245,090,637.20	72.15%		-72,467,550.57	9,998,804.22	-6.35%		-8.07%	0.80%	-8.80%
PRIDE STAR DEVELOPMENT BANK INC	48,436,040.60	76,005,235.62	63.73%		48,630,302.58	76,005,235.62	63.98%		-194,261.98	0.00	-0.26%		-0.40%	0.00%	-0.40%
PHIL POSTAL SAVINGS BANK INC	701,764,124.55	1,135,894,948.71	61.78%		608,304,089.65	991,248,832.04	61.37%		93,460,034.90	144,646,116.67	0.41%		15.36%	14.59%	0.67%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	92,693,849.88	150,326,877.03	61.66%		107,157,213.87	135,633,158.81	79.01%		-14,463,363.99	14,693,718.22	-17.34%		-13.50%	10.83%	-21.95%
LUZON DEVELOPMENT BANK	350,637,564.94	568,666,340.78	61.66%		308,359,476.00	566,298,314.72	54.45%		42,278,088.94	2,368,026.06	7.21%		13.71%	0.42%	13.24%
ALLIED SAVINGS BANK	692,766,178.31	1,173,891,186.43	59.01%		656,041,994.73	1,140,321,819.57	57.53%		36,724,183.58	33,569,366.86	1.48%		5.60%	2.94%	2.58%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	182,726,095.32	319,326,415.92	57.22%		181,175,718.80	286,534,227.71	63.23%		1,550,376.52	32,792,188.21	-6.01%		0.86%	11.44%	-9.50%
METRO CEBU PUBLIC SAVINGS BANK	39,002,037.08	68,500,104.35	56.94%		35,659,602.67	68,367,423.47	52.16%		3,342,434.41	132,680.88	4.78%		9.37%	0.19%	9.16%
BDO UNIBANK INC	105,380,341,817.35	185,113,736,857.29	56.93%		74,743,493,423.08	187,094,498,247.13	39.95%		30,636,848,394.27	-1,980,761,389.84	16.98%		40.99%	-1.06%	42.50%
NORTHPOINT DEV'T BANK INC	55,885,120.29	100,391,211.90	55.67%		66,525,644.51	90,528,118.56	73.49%		-10,640,524.22	9,863,093.34	-17.82%		-15.99%	10.90%	-24.25%
ANZ BANKING GROUP LTD	1,827,507,878.27	3,351,702,158.40	54.52%		896,722,301.01	3,334,313,620.09	26.89%		930,785,577.26	17,388,538.31	27.63%		103.80%	0.52%	102.74%
MERCHANTS SAVINGS & LOAN ASSN INC	267,418,096.99	493,523,295.99	54.19%		267,471,150.37	490,936,935.43	54.48%		-53,053.38	2,586,360.56	-0.30%		-0.02%	0.53%	-0.54%
BPI FAMILY SAVINGS BANK INC	11,047,146,707.37	22,335,159,249.08	49.46%		11,214,428,910.26	22,228,308,101.82	50.45%		-167,282,202.89	106,851,147.26	-0.99%		-1.49%	0.48%	-1.96%
DEVELOPMENT BANK OF THE PHIL	18,896,041,436.31	39,386,837,772.48	47.98%		18,571,525,623.98	42,143,710,059.63	44.07%		324,515,812.33	-2,756,872,287.15	3.91%		1.75%	-6.54%	8.87%
UNIVERSITY SAVINGS BANK INC	117,129,979.04	252,835,549.78	46.33%		197,300,152.50	253,733,504.95	77.76%		-80,170,173.46	-897,955.17	-31.43%		-40.63%	-0.35%	-40.42%
MARITIME SAVINGS BANK CORPORATION	32,017,248.36	73,663,715.42	43.46%		33,981,498.92	74,903,597.78	45.37%		-1,964,250.56	-1,239,882.36	-1.90%		-5.78%	-1.66%	-4.19%
ASIA UNITED BANK CORPORATION	8,996,154,890.24	20,970,552,697.19	42.90%		9,098,071,733.20	20,960,293,129.53	43.41%		-101,916,842.96	10,259,567.66	-0.51%		-1.12%	0.05%	-1.17%
UNITED OVERSEAS BANK PHILIPPINES	781,345,439.10	1,863,977,182.82	41.92%		781,047,048.29	1,862,988,627.82	41.92%		298,390.81	988,555.00	-0.01%		0.04%	0.05%	-0.01%
ROBINSONS BANK CORPORATION	2,597,939,972.81	6,373,125,208.50	40.76%		2,379,569,768.70	6,377,043,989.85	37.31%		218,370,204.11	-3,918,781.35	3.45%		9.18%	-0.06%	9.24%
MIZUHO BANK LTD - MANILA BRANCH	1,232,328,498.13	3,061,967,742.56	40.25%		1,089,367,266.30	3,029,971,183.27	35.95%		142,961,231.83	31,996,559.29	4.29%		13.12%	1.06%	11.94%
METROPOLITAN BANK & TCO	52,413,785,800.19	132,768,144,739.17	39.48%		54,195,324,861.25	135,563,333,667.96	39.98%		-1,781,539,061.06	-2,795,188,928.79	-0.50%		-3.29%	-2.06%	-1.25%
BANK ONE SAVINGS AND TRUST CORP.	213,319,600.78	551,822,853.16	38.66%		215,219,740.09	551,621,684.76	39.02%		-1,900,139.31	201,168.40	-0.36%		-0.88%	0.04%	-0.92%
PAMPANGA DEVELOPMENT BANK	51,745,144.20	135,617,522.94	38.16%		51,391,331.30	134,667,522.94	38.16%		353,812.90	950,000.00	-0.01%		0.69%	0.71%	-0.02%
BDO PRIVATE BANK, INC.	2,084,308,876.04	5,493,294,777.13	37.94%		2,022,087,696.66	5,491,151,077.13	36.82%		62,221,179.38	2,143,700.00	1.12%		3.08%	0.04%	3.04%
LAND BANK OF THE PHILIPPINES	22,928,087,290.64	61,389,487,367.85	37.35%		36,289,086,700.32	61,845,008,513.38	58.68%		-13,360,999,409.68	-455,521,145.53	-21.33%		-36.82%	-0.74%	-36.35%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	35,952,483.38	98,619,096.18	36.46%		39,296,376.07	95,648,586.70	41.08%		-3,343,892.69	2,970,509.48	-4.63%		-8.51%	3.11%	-11.27%
LIFE SAVINGS BANK INC	24,898,200.83	68,913,232.15	36.13%		24,984,054.73	69,198,550.96	36.10%		-85,853.90	-285,318.81	0.02%		-0.34%	-0.41%	0.07%
PHIL TRUST COMPANY	6,859,501,039.17	19,810,296,465.73	34.63%		7,200,931,781.39	19,950,237,026.38	36.09%		-341,430,742.22	-139,940,560.65	-1.47%		-4.74%	-0.70%	-4.07%
RIZAL COMM'L BANKING CORP	16,054,054,472.13	46,548,298,049.14	34.49%		17,694,377,059.69	48,670,892,507.74	36.36%		-1,640,322,587.56	-2,122,594,458.60	-1.87%		-9.27%	-4.36%	-5.13%
CITYSTATE SAVINGS BANK INC	276,542,035.27	807,518,937.59	34.25%		269,259,910.46	813,996,767.32	33.08%		7,282,124.81	-6,477,829.73	1.17%		2.70%	-0.80%	3.53%
SAMPAGUITA SAVINGS BANK INC	27,082,340.74	79,236,436.68	34.18%		27,496,098.19	79,236,436.68	34.70%		-413,757.45	0.00	-0.52%		-1.50%	0.00%	-1.50%
FIRST CONSOLIDATED BANK INC (A PDB)	988,982,597.47	2,956,857,588.95	33.45%		748,128,647.82	2,993,205,733.46	24.99%		240,853,949.65	-36,348,144.51	8.45%		32.19%	-1.21%	33.82%
CTBC BANK (PHILIPPINES) CORP	2,310,153,482.40	6,924,626,850.04	33.36%		1,516,854,602.28	6,936,989,570.90	21.87%		793,298,880.12	-12,362,720.86	11.50%		52.30%	-0.18%	52.57%
MAYBANK PHILIPPINES INC	3,619,517,186.81	11,077,507,638.25	32.67%		3,517,654,334.34	11,237,619,781.13	31.30%		101,862,852.47	-160,112,142.88	1.37%		2.90%	-1.42%	4.38%
MEGA INT'L COMM'L BANK CO LTD	663,231,874.43	2,031,715,034.27	32.64%		761,146,873.05	2,040,460,968.77	37.30%		-97,914,998.62	-8,745,934.50	-4.66%		-12.86%	-0.43%	-12.49%
MALASIQUI PROGRESSIVE SLB, INC	19,586,917.65	60,514,079.76	32.37%		24,257,448.21	60,492,479.76	40.10%		-4,670,530.56	21,600.00	-7.73%		-19.25%	0.04%	-19.28%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	2,523,062,628.67	7,889,093,733.01	31.98%		2,229,189,574.02	8,867,730,762.30	25.14%		293,873,054.65	-978,637,029.29	6.84%		13.18%	-11.04%	27.22%
CITY SAVINGS BANK INC	1,399,290,360.62	4,635,738,401.67	30.18%		1,754,971,258.75	4,562,782,433.04	38.46%		-355,680,898.13	72,955,968.63	-8.28%		-20.27%	1.60%	-21.52%
1ST VALLEY BANK INC A DEVELOPMENT BANK	329,050,423.42	1,210,382,196.66	27.19%		340,945,227.25	1,132,241,874.34	30.11%		-11,894,803.83	78,140,322.32	-2.93%		-3.49%	6.90%	-9.72%
QUEZON COCONUT BANK INC (A THRIFT BANK)	15,934,925.46	59,572,110.23	26.75%		16,766,471.61	57,729,522.98	29.04%		-831,546.15	1,842,587.25	-2.29%		-4.96%	3.19%	-7.90%
BANK OF THE PHIL ISLANDS	34,539,832,626.96	137,181,836,314.78	25.18%		37,603,099,886.90	140,209,545,966.53	26.82%		-3,063,267,259.94	-3,027,709,651.75	-1.64%		-8.15%	-2.16%	-6.12%
SECURITY BANK CORP	10,167,459,180.21	42,975,313,448.00	23.66%		10,031,105,573.32	43,019,746,596.92	23.32%		136,353,606.89	-44,433,148.92	0.34%		1.36%	-0.10%	1.46%
CHINA BANKING CORP	12,595,174,805.30	55,639,545,754.45	22.64%		21,632,084,488.94	47,698,499,510.57	45.35%		-9,036,909,683.64	7,941,046,243.88	-22.71%		-41.78%	16.65%	-50.09%
CARD SME BANK INC A THRIFT BANK	69,340,820.08	332,405,076.62	20.86%		51,335,345.52	317,281,612.84	16.18%		18,005,474.56	15,123,463.78	4.68%		35.07%	4.77%	28.93%
LEMERY SAVINGS & LOAN BANK, INC.	15,707,570.95	75,312,525.58	20.86%		17,820,443.35	75,142,714.54	23.72%		-2,112,872.40	169,811.04	-2.86%		-11.86%	0.23%	-12.06%
BPI DIRECT SAVINGS BANK INC	238,005,290.14	1,170,479,190.39	20.33%		210,712,922.78	1,170,213,531.99	18.01%		27,292,367.36	265,658.40	2.33%		12.95%	0.02%	12.93%
HIYAS BANKING CORPORATION	33,504,066.54	171,038,285.86	19.59%		31,734,575.76	171,917,579.15	18.46%		1,769,490.78	-879,293.29	1.13%		5.58%	-0.51%	6.12%
TOWER DEVELOPMENT BANK	22,941,723.02	120,807,743.11	18.99%		21,669,642.00	114,305,443.13	18.96%		1,272,081.02	6,502,299.98	0.03%		5.87%	5.69%	0.17%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	127,709,138.30	675,771,570.86	18.90%		150,723,461.92	677,027,041.15	22.26%		-23,014,323.62	-1,255,470.29	-3.36%		-15.27%	-0.19%	-15.11%
OPTIMUM DEVELOPMENT BANK INC	141,298,657.32	762,678,258.50	18.53%		114,865,792.38	775,452,218.89	14.81%		26,432,864.94	-12,773,960.39	3.71%		23.01%	-1.65%	25.07%
CITIBANK SAVINGS INC	165,549,191.58	976,475,076.84	16.95%		127,662,622.76	1,616,838,738.50	7.90%		37,886,568.82	-640,363,661.66	9.06%		29.68%	-39.61%	114.72%
HSBC SAVINGS BANK(PHILS) INC	363,314,478.24	2,569,722,105.36	14.14%		297,255,911.43	2,572,297,832.21	11.56%		66,058,566.81	-2,575,726.85	2.58%		22.22%	-0.10%	22.35%
BATAAN SAVINGS AND LOAN BANK	9,986,889.45	73,639,250.93	13.56%		10,808,756.63	73,639,250.93	14.68%		-821,867.18	0.00	-1.12%		-7.60%	0.00%	-7.60%
CENTURY SAVINGS BANK CORPORATION	108,303,445.18	906,301,593.90	11.95%		74,740,102.61	913,642,185.70	8.18%		33,563,342.57	-7,340,591.80	3.77%		44.91%	-0.80%	46.08%
BDO ELITE SAVINGS BANK INC	86,151,421.70	777,181,365.52	11.09%		97,442,396.72	777,181,365.52	12.54%		-11,290,975.02	0.00	-1.45%		-11.59%	0.00%	-11.59%
SUN SAVINGS BANK INC	10,997,444.00	111,517,165.49	9.86%		8,691,438.53	112,521,399.33	7.72%		2,306,005.47	-1,004,233.84	2.14%		26.53%	-0.89%	27.67%
ISLA BANK(A THRIFT BANK) INC	56,137,417.00	652,432,033.66	8.60%		50,693,583.56	652,126,033.66	7.77%		5,443,833.44	306,000.00	0.83%		10.74%	0.05%	10.69%
INTERNATIONALE NEDERLANDEN GROEP BK	177,726,478.49	2,551,036,210.20	6.97%		182,452,409.80	2,573,974,214.82	7.09%		-4,725,931.31	-22,938,004.62	-0.12%		-2.59%	-0.89%	-1.71%
PACIFIC ACE SAVINGS BANK INC	4,582,882.52	78,434,891.14	5.84%		10,626,391.63	78,435,496.56	13.55%		-6,043,509.11	-605.42	-7.71%		-56.87%	0.00%	-56.87%
BANGKOK BANK PUBLIC CO LTD	66,112,772.79	1,287,476,202.00	5.14%		53,079,548.15	1,282,650,744.50	4.14%		13,033,224.64	4,825,457.50	1.00%		24.55%	0.38%	24.09%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	20,632,700.41	401,892,628.35	5.13%		21,384,154.43	395,684,410.47	5.40%		-751,454.02	6,208,217.88	-0.27%		-3.51%	1.57%	-5.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	46,476,802.16	1,408,029,550.00	3.30%		289,659,477.36	1,408,037,705.00	20.57%		-243,182,675.20	-8,155.00	-17.27%		-83.95%	0.00%	-83.95%
PROGRESS SAVINGS AND LOAN BANK INC	2,519,225.12	83,299,361.10	3.02%		4,202,521.98	83,317,544.05	5.04%		-1,683,296.86	-18,182.95	-2.02%		-40.05%	-0.02%	-40.04%
BANK OF AMERICA N.A.	15,477,274.86	608,396,709.20	2.54%		30,496,981.38	607,196,709.20	5.02%		-15,019,706.52	1,200,000.00	-2.48%		-49.25%	0.20%	-49.35%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	118,045,487.31	4,945,420,166.75	2.39%		113,391,036.64	4,945,420,166.75	2.29%		4,654,450.67	0.00	0.09%		4.10%	0.00%	4.10%
THE REAL BANK (A THRIFT BANK) INC	NA	NA	NA		7,297,227,604.98	191,091,636.75	3818.71%		NA	NA	NA		NA	NA	NA
MBANK PHILIPPINES	NA	NA	NA		NA	NA	NA		NA	NA	NA		NA	NA	NA
Grand Total	676,435,279,075.51	1,137,505,364,153.19	59.47%		658,574,484,700.90	1,143,844,690,560.55	57.58%		25,158,021,979.59	-6,148,234,770.61	1.89%		3.82%	-0.54%	3.28%

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 June 30, 2014 and March 31, 2014 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.