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Monday, February 23, 2015

Standard Chartered Bank Ranks Third in Non-Performing Loans as % of Capital Funds as of September 30, 2014

Editor's Note: Data is culled from  the Published Statements of Condition of individual Philippine Banks found in www.bsp.gov.ph.  Banks highlighted in yellow are classified as Distressed Banks.   The level of distress is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of September 30, 2014.  See a previous blog post:  Philippine Banks Improve in the 3rd Qtr. of 2014 or "The Top Distressed Philippine Banks as of September 30, 2014"

This blog post updates previous blog posts such as Standard Chartered Bank Ranks Second in Non-Performing Loans as % of Capital Funds as of June 30, 2014



NPLs.  Short for Non-Performing Loans.  The NPL Ratio, or the ratio of a bank's Non-Performing Loans (NPL) to Total Loan Portfolio (TLP) is a frequently cited figure in the general media to indicate a bank's financial health, or the health of the banking system as a whole.  See: "Banks reduce exposure to bad debts, have more cash to loan out—BSP".

In the Philippine Banking Industry, Gross Non-Performing Loans stood at Php 122.059 billion as of September 30, 2014 - approximately 2.31% of the Philippine Banking Industry's Total Loan Portfolio of Php 5.280 trillion.



Philippine Banking System
NPL as % of TLP
September 30, 2014









Gross NPLs Gross TLP Gross NPL/ Gross TLP
Bank (In Php) (In Php) (In %)
COMSAVINGS BANK 191,248,204.56 230,614,018.45 82.93%
NORTHPOINT DEV'T BANK INC 121,594,798.43 197,962,798.58 61.42%
PROGRESS SAVINGS AND LOAN BANK INC 1,207,809.04 1,991,645.76 60.64%
SAMPAGUITA SAVINGS BANK INC 26,785,290.77 48,078,812.72 55.71%
UNITED OVERSEAS BANK PHILIPPINES 665,452,236.65 1,270,003,329.23 52.40%
WORLD PARTNERS BANK (A THRIFT BANK) 186,102,844.57 402,316,955.65 46.26%
BATAAN DEVELOPMENT BANK 71,137,540.16 187,067,602.97 38.03%
MALASIQUI PROGRESSIVE SLB, INC 14,293,443.25 45,305,076.11 31.55%
LEGAZPI SAVINGS BANK INC 358,997,214.80 1,170,374,024.20 30.67%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 84,129,787.26 290,074,858.05 29.00%
METRO CEBU PUBLIC SAVINGS BANK 20,739,588.38 78,993,887.53 26.25%
FARMERS SAVINGS & LOAN BANK INC 55,076,146.41 237,194,204.54 23.22%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 26,522,198.74 128,454,268.19 20.65%
PRIDE STAR DEVELOPMENT BANK INC 8,300,262.62 42,450,621.32 19.55%
PAMPANGA DEVELOPMENT BANK 44,112,193.34 249,967,487.26 17.65%
TONGYANG SAVINGS BANK INC 112,567,867.52 699,985,300.59 16.08%
MALAYAN BANK SAVINGS AND MORT BANK INC 602,727,144.09 3,988,598,452.76 15.11%
LIFE SAVINGS BANK INC 9,403,531.57 76,180,731.22 12.34%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 902,011,403.70 8,511,577,277.47 10.60%
PACIFIC ACE SAVINGS BANK INC 2,030,877.00 19,203,816.29 10.58%
1ST VALLEY BANK INC A DEVELOPMENT BANK 577,450,943.39 5,511,858,042.34 10.48%
BUSINESS AND CONSUMERS BANK (A DB) 14,741,449.33 141,279,714.46 10.43%
CORDILLERA SAVINGS BANK INC 18,647,760.26 179,446,525.04 10.39%
PLANTERS DEVELOPMENT BANK 3,224,949,677.84 31,084,973,189.15 10.37%
EQUICOM SAVINGS BANK INC 356,698,473.09 3,520,342,742.43 10.13%
LUZON DEVELOPMENT BANK 278,070,478.36 2,789,435,905.32 9.97%
LEMERY SAVINGS & LOAN BANK, INC. 5,728,960.87 58,728,757.20 9.75%
MARITIME SAVINGS BANK CORPORATION 13,475,889.24 141,822,090.03 9.50%
UNION BANK OF THE PHILS 10,076,556,506.11 109,294,935,867.37 9.22%
PHIL POSTAL SAVINGS BANK INC 492,362,764.41 5,631,443,717.16 8.74%
QUEZON COCONUT BANK INC (A THRIFT BANK) 3,330,448.37 43,041,265.52 7.74%
DUMAGUETE CITY DEV BANK INC 38,450,305.29 499,537,011.62 7.70%
SECURITY BANK SAVINGS CORPORATION 649,418,868.91 9,015,838,151.54 7.20%
INTER-ASIA DEVELOPMENT BANK 8,554,783.72 118,811,914.41 7.20%
HIYAS BANKING CORPORATION 14,943,655.86 209,942,951.36 7.12%
BANK OF COMMERCE 2,820,205,869.67 40,658,826,505.51 6.94%
UNIVERSITY SAVINGS BANK INC 28,498,734.87 430,588,677.12 6.62%
WEALTH DEVELOPMENT BANK CORPORATION 194,938,216.83 2,971,485,737.03 6.56%
TOWER DEVELOPMENT BANK 14,128,146.31 221,604,187.06 6.38%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 106,392,180.30 1,758,196,064.22 6.05%
THE PALAWAN BANK (PALAWAN DB) INC 14,045,823.30 232,235,823.20 6.05%
CITYSTATE SAVINGS BANK INC 102,664,700.25 1,704,364,435.32 6.02%
BATAAN SAVINGS AND LOAN BANK 2,502,930.36 41,705,058.45 6.00%
CHINA BANK SAVINGS INC 791,976,981.61 13,312,488,150.80 5.95%
UNITED COCONUT PLANTERS BANK 5,636,880,749.10 95,911,086,013.99 5.88%
PHIL BANK OF COMMUNICATIONS 1,520,459,210.68 26,199,925,037.62 5.80%
VILLAGE BANK INC (A THRIFT BANK) 20,965,006.83 364,194,857.58 5.76%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 871,517,086.54 15,359,941,640.38 5.67%
FIRST CONSOLIDATED BANK INC (A PDB) 469,987,187.56 8,451,756,980.68 5.56%
STANDARD CHARTERED BANK 2,709,206,512.13 50,341,565,076.68 5.38%
PRODUCERS SAVINGS BANK CORPORATION 288,404,619.03 5,446,396,583.40 5.30%
CENTURY SAVINGS BANK CORPORATION 36,165,716.65 715,850,423.43 5.05%
ALLIED SAVINGS BANK 414,606,169.75 8,251,994,540.87 5.02%
ENTERPRISE BANK INC (A THRIFT BANK) 76,451,890.54 1,566,175,883.26 4.88%
RCBC SAVINGS BANK INC 2,448,630,329.66 50,923,567,182.60 4.81%
EAST WEST BANKING CORP 4,836,469,856.36 108,815,689,228.85 4.44%
UCPB SAVINGS BANK 475,471,372.29 10,836,060,966.56 4.39%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 45,545,701.47 1,110,512,019.93 4.10%
PHILIPPINE VETERANS BANK 703,338,366.80 17,193,297,110.62 4.09%
PHIL NATIONAL BANK 10,527,433,340.17 278,680,895,807.22 3.78%
DEVELOPMENT BANK OF THE PHIL 5,808,528,843.60 157,034,519,378.86 3.70%
MAYBANK PHILIPPINES INC 1,576,610,671.13 45,397,666,696.85 3.47%
MERCHANTS SAVINGS & LOAN ASSN INC 6,371,298.43 196,386,051.63 3.24%
BPI FAMILY SAVINGS BANK INC 5,108,776,708.58 160,532,177,833.42 3.18%
SUN SAVINGS BANK INC 9,541,892.70 310,187,022.84 3.08%
PHIL SAVINGS BANK 3,601,618,439.11 120,468,900,550.97 2.99%
BANK ONE SAVINGS AND TRUST CORP. 15,304,127.53 537,069,361.79 2.85%
CARD SME BANK INC A THRIFT BANK 30,567,692.70 1,142,026,516.12 2.68%
CTBC BANK (PHILIPPINES) CORP 439,807,782.14 16,858,146,500.63 2.61%
ROBINSONS BANK CORPORATION 507,835,084.60 19,571,229,136.67 2.59%
HONGKONG & SHANGHAI BANKING CORP 1,219,293,790.10 52,420,634,008.13 2.33%
PHIL TRUST COMPANY 1,104,441,940.64 49,296,344,479.95 2.24%
LAND BANK OF THE PHILIPPINES 7,477,389,676.01 362,321,870,595.35 2.06%
CITIBANK, N.A. 2,887,177,872.02 140,696,788,320.29 2.05%
OPTIMUM DEVELOPMENT BANK INC 15,721,868.56 795,235,192.78 1.98%
CHINA BANKING CORP 4,415,291,462.72 234,042,753,696.28 1.89%
CITY SAVINGS BANK INC 709,780,523.40 38,721,056,634.64 1.83%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 616,983,187.60 34,601,824,507.93 1.78%
ASIA UNITED BANK CORPORATION 937,915,220.59 60,548,152,639.58 1.55%
BDO UNIBANK INC 16,992,547,843.11 1,131,601,542,674.93 1.50%
BANK OF THE PHIL ISLANDS 7,842,038,110.95 543,767,565,806.16 1.44%
BPI DIRECT SAVINGS BANK INC 116,040,563.44 9,319,309,026.75 1.25%
BANGKOK BANK PUBLIC CO LTD 87,029,546.70 7,025,108,338.35 1.24%
RIZAL COMM'L BANKING CORP 2,143,581,902.58 192,001,846,442.47 1.12%
KOREA EXCHANGE BANK 23,550,180.50 3,754,896,369.38 0.63%
SECURITY BANK CORP 1,106,216,853.17 178,538,563,071.24 0.62%
HSBC SAVINGS BANK(PHILS) INC 44,015,977.19 7,587,184,162.52 0.58%
METROPOLITAN BANK & TCO 2,746,871,596.00 608,226,057,929.71 0.45%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 1,092,048.97 343,450,438.24 0.32%
BANK OF CHINA LIMITED-MANILA BRANCH 8,660,895.91 8,500,224,366.95 0.10%
ANZ BANKING GROUP LTD 23,339,114.85 29,935,940,383.20 0.08%
JP MORGAN CHASE BANK NATIONAL ASSN. 734,885.22 22,254,811,437.92 0.00%
INTERNATIONALE NEDERLANDEN GROEP BK 91.75 8,999,459,389.01 0.00%
BANK OF AMERICA N.A. 4.00 1,520,876,076.27 0.00%
BDO PRIVATE BANK, INC. 0.00 10,816,228,364.36 0.00%
DEUTSCHE BANK AG 0.00 23,442,771,144.88 0.00%
ISLA BANK(A THRIFT BANK) INC 0.00 699,525,970.97 0.00%
MEGA INT'L COMM'L BANK CO LTD 0.00 9,947,739,468.49 0.00%
MIZUHO BANK LTD - MANILA BRANCH 0.00 23,045,408,351.36 0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 0.00 35,649,066,121.86 0.00%
BDO ELITE SAVINGS BANK INC 0.00 0.00 NA
Grand Total 122,059,385,743.47 5,280,088,781,465.95 2.31%


Source: www.bsp.gov.ph


There are eight Philippine Banks with an Gross NPL Ratio greater than 30% of Total Loan Portfolio  (TLP).  These are as follows:
  1. Comsavings Bank (82.93% of TLP)
  2. Northpoint Development Bank (61.42% of TLP)
  3. Progress Savings and Loan Bank Inc. (60.64% of TLP)
  4. Sampaguita Savings Bank Inc. (55.71% of TLP)
  5. United Overseas Bank Philippines (52.40% of TLP)
  6. World Partners Bank (46.26% of TLP)
  7. Bataan Development Bank (38.03% of TLP)
  8. Malasiqui Progressive SLB, Inc. (41.38% of TLP)

Of these banks, three banks are considered distressed:
  1. Comsavings Bank (formerly GSIS Family Bank)
  2. World Partners Bank
  3. Bataan Development Bank

The ratio of a bank's NPLs to its total Stockholders Equity (SE) maybe more important than the ratio of its NPLs to Total Loan Portfolio.  The idea behind this is that NPLs are fragile things.  As a loan deteriorates, its recoverable value will deteriorate as well.  A foreclosure will most likely result in a loan recovery that is a fraction of the loans original value.  Therefore, banks with high NPL Ratios relative to their Stockholders Equity may face a significant loss of capital if a substantial amount of their NPLs are written of as a loss.

On an overall basis, the Gross NPLs of Philippine Banks amounted to 11.07% of Stockholders Equity as of September 30, 2014.

Philippine Banking System
NPL as % of SE
September 30, 2014









NPL SE NPL/SE
Bank (In PHP) (In PHP) (In %)
COMSAVINGS BANK 191,248,204.56 69,222,748.79 276.28%
WORLD PARTNERS BANK (A THRIFT BANK) 186,102,844.57 78,687,479.68 236.51%
STANDARD CHARTERED BANK 2,709,206,512.13 1,264,872,660.95 214.19%
PLANTERS DEVELOPMENT BANK 3,224,949,677.84 2,424,611,329.33 133.01%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 84,129,787.26 73,316,907.70 114.75%
LEGAZPI SAVINGS BANK INC 358,997,214.80 329,305,712.63 109.02%
BATAAN DEVELOPMENT BANK 71,137,540.16 70,712,367.08 100.60%
MALAYAN BANK SAVINGS AND MORT BANK INC 602,727,144.09 879,633,981.28 68.52%
EQUICOM SAVINGS BANK INC 356,698,473.09 550,284,276.11 64.82%
NORTHPOINT DEV'T BANK INC 121,594,798.43 191,408,301.61 63.53%
SECURITY BANK SAVINGS CORPORATION 649,418,868.91 1,033,570,802.58 62.83%
LUZON DEVELOPMENT BANK 278,070,478.36 515,100,329.41 53.98%
UNITED OVERSEAS BANK PHILIPPINES 665,452,236.65 1,269,546,429.94 52.42%
WEALTH DEVELOPMENT BANK CORPORATION 194,938,216.83 378,812,404.40 51.46%
1ST VALLEY BANK INC A DEVELOPMENT BANK 577,450,943.39 1,129,443,108.23 51.13%
PHIL POSTAL SAVINGS BANK INC 492,362,764.41 1,010,607,180.71 48.72%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 902,011,403.70 1,858,320,365.75 48.54%
SAMPAGUITA SAVINGS BANK INC 26,785,290.77 55,199,801.01 48.52%
FARMERS SAVINGS & LOAN BANK INC 55,076,146.41 114,330,836.72 48.17%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 871,517,086.54 1,865,596,802.00 46.72%
THE PALAWAN BANK (PALAWAN DB) INC 14,045,823.30 30,345,719.66 46.29%
ALLIED SAVINGS BANK 414,606,169.75 1,048,573,729.56 39.54%
CITIBANK, N.A. 2,887,177,872.02 7,491,778,601.40 38.54%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 106,392,180.30 295,118,495.89 36.05%
CHINA BANK SAVINGS INC 791,976,981.61 2,236,465,308.59 35.41%
ENTERPRISE BANK INC (A THRIFT BANK) 76,451,890.54 217,353,879.81 35.17%
PAMPANGA DEVELOPMENT BANK 44,112,193.34 126,303,165.96 34.93%
RCBC SAVINGS BANK INC 2,448,630,329.66 7,193,635,098.07 34.04%
METRO CEBU PUBLIC SAVINGS BANK 20,739,588.38 64,097,759.85 32.36%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 26,522,198.74 90,647,604.74 29.26%
TONGYANG SAVINGS BANK INC 112,567,867.52 386,852,858.01 29.10%
VILLAGE BANK INC (A THRIFT BANK) 20,965,006.83 74,873,808.38 28.00%
MALASIQUI PROGRESSIVE SLB, INC 14,293,443.25 52,888,957.33 27.03%
UNITED COCONUT PLANTERS BANK 5,636,880,749.10 21,317,547,899.98 26.44%
BPI FAMILY SAVINGS BANK INC 5,108,776,708.58 20,572,953,194.21 24.83%
EAST WEST BANKING CORP 4,836,469,856.36 20,436,978,166.94 23.67%
PRODUCERS SAVINGS BANK CORPORATION 288,404,619.03 1,231,270,647.58 23.42%
UNION BANK OF THE PHILS 10,076,556,506.11 44,068,813,643.34 22.87%
PHIL BANK OF COMMUNICATIONS 1,520,459,210.68 6,833,182,382.81 22.25%
PHIL SAVINGS BANK 3,601,618,439.11 16,413,147,642.23 21.94%
MARITIME SAVINGS BANK CORPORATION 13,475,889.24 63,763,139.24 21.13%
BANK OF COMMERCE 2,820,205,869.67 13,769,767,063.00 20.48%
HONGKONG & SHANGHAI BANKING CORP 1,219,293,790.10 6,132,159,720.03 19.88%
DUMAGUETE CITY DEV BANK INC 38,450,305.29 220,596,400.46 17.43%
BUSINESS AND CONSUMERS BANK (A DB) 14,741,449.33 85,888,838.90 17.16%
FIRST CONSOLIDATED BANK INC (A PDB) 469,987,187.56 2,766,410,575.43 16.99%
CORDILLERA SAVINGS BANK INC 18,647,760.26 111,027,950.55 16.80%
UCPB SAVINGS BANK 475,471,372.29 2,886,382,931.52 16.47%
INTER-ASIA DEVELOPMENT BANK 8,554,783.72 52,596,011.86 16.27%
MAYBANK PHILIPPINES INC 1,576,610,671.13 10,364,375,304.28 15.21%
CITYSTATE SAVINGS BANK INC 102,664,700.25 700,119,523.27 14.66%
DEVELOPMENT BANK OF THE PHIL 5,808,528,843.60 40,726,604,057.76 14.26%
LIFE SAVINGS BANK INC 9,403,531.57 70,177,045.49 13.40%
CITY SAVINGS BANK INC 709,780,523.40 5,391,556,126.25 13.16%
TOWER DEVELOPMENT BANK 14,128,146.31 116,486,906.49 12.13%
PHILIPPINE VETERANS BANK 703,338,366.80 5,888,234,118.73 11.94%
PHIL NATIONAL BANK 10,527,433,340.17 88,868,018,988.94 11.85%
PRIDE STAR DEVELOPMENT BANK INC 8,300,262.62 74,716,356.94 11.11%
LAND BANK OF THE PHILIPPINES 7,477,389,676.01 72,083,156,068.63 10.37%
BPI DIRECT SAVINGS BANK INC 116,040,563.44 1,175,988,987.06 9.87%
BDO UNIBANK INC 16,992,547,843.11 172,404,002,715.04 9.86%
HIYAS BANKING CORPORATION 14,943,655.86 158,785,098.12 9.41%
SUN SAVINGS BANK INC 9,541,892.70 101,894,305.23 9.36%
ROBINSONS BANK CORPORATION 507,835,084.60 5,454,367,360.12 9.31%
CARD SME BANK INC A THRIFT BANK 30,567,692.70 340,293,067.27 8.98%
CHINA BANKING CORP 4,415,291,462.72 50,506,800,932.44 8.74%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 616,983,187.60 7,894,206,774.17 7.82%
LEMERY SAVINGS & LOAN BANK, INC. 5,728,960.87 73,724,475.80 7.77%
UNIVERSITY SAVINGS BANK INC 28,498,734.87 404,096,486.79 7.05%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 45,545,701.47 665,414,631.61 6.84%
CTBC BANK (PHILIPPINES) CORP 439,807,782.14 6,466,579,841.74 6.80%
BANK OF THE PHIL ISLANDS 7,842,038,110.95 132,317,938,062.36 5.93%
QUEZON COCONUT BANK INC (A THRIFT BANK) 3,330,448.37 59,595,721.55 5.59%
PHIL TRUST COMPANY 1,104,441,940.64 21,518,546,940.85 5.13%
ASIA UNITED BANK CORPORATION 937,915,220.59 20,051,790,004.05 4.68%
RIZAL COMM'L BANKING CORP 2,143,581,902.58 48,794,404,782.06 4.39%
KOREA EXCHANGE BANK 23,550,180.50 582,440,130.65 4.04%
BATAAN SAVINGS AND LOAN BANK 2,502,930.36 63,109,094.36 3.97%
CENTURY SAVINGS BANK CORPORATION 36,165,716.65 925,257,473.56 3.91%
BANGKOK BANK PUBLIC CO LTD 87,029,546.70 3,106,292,084.64 2.80%
BANK ONE SAVINGS AND TRUST CORP. 15,304,127.53 555,631,269.06 2.75%
PACIFIC ACE SAVINGS BANK INC 2,030,877.00 79,121,330.06 2.57%
SECURITY BANK CORP 1,106,216,853.17 45,954,032,891.93 2.41%
OPTIMUM DEVELOPMENT BANK INC 15,721,868.56 721,547,909.23 2.18%
METROPOLITAN BANK & TCO 2,746,871,596.00 134,461,065,936.80 2.04%
HSBC SAVINGS BANK(PHILS) INC 44,015,977.19 2,649,764,864.08 1.66%
MERCHANTS SAVINGS & LOAN ASSN INC 6,371,298.43 434,404,037.14 1.47%
PROGRESS SAVINGS AND LOAN BANK INC 1,207,809.04 83,929,539.02 1.44%
BANK OF CHINA LIMITED-MANILA BRANCH 8,660,895.91 929,613,700.63 0.93%
ANZ BANKING GROUP LTD 23,339,114.85 3,388,247,532.70 0.69%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 1,092,048.97 384,204,155.99 0.28%
JP MORGAN CHASE BANK NATIONAL ASSN. 734,885.22 1,078,219,324.19 0.07%
INTERNATIONALE NEDERLANDEN GROEP BK 91.75 2,681,154,441.05 0.00%
BANK OF AMERICA N.A. 4.00 1,753,141,705.20 0.00%
BDO ELITE SAVINGS BANK INC 0.00 802,242,615.73 0.00%
BDO PRIVATE BANK, INC. 0.00 5,614,288,374.61 0.00%
DEUTSCHE BANK AG 0.00 2,031,004,038.17 0.00%
ISLA BANK(A THRIFT BANK) INC 0.00 653,820,843.86 0.00%
MEGA INT'L COMM'L BANK CO LTD 0.00 1,977,544,129.71 0.00%
MIZUHO BANK LTD - MANILA BRANCH 0.00 2,757,822,859.05 0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 0.00 4,687,098,603.10 0.00%
Grand Total 122,059,385,743.47 1,102,460,878,588.80 11.07%

Source: www.bsp.gov.ph


Of the 101 banks in this list, twenty-nine banks have a Gross NPL to Stockholders Equity Ratio of 30% or more as of September 30, 2014.  These banks are as follows:

  1. Comsavings Bank (278.28% of SE)
  2. World Partners Bank (236.51% of SE)
  3. Standard Chartered Bank (214.19% of SE)
  4. Planters Development Bank (133.01% of SE)
  5. Opportunity Kauswagan Bank, Inc. (114.75% of SE)
  6. Legazpi Savings Bank (109.02% of SE)
  7. Bataan Development Bank (100.60% of SE)
  8. Malayan Bank Savings and Mortgage Bank (68.52% of SE) 
  9. Equicom Savings Bank Inc. (64.82% of SE) 
  10. Northpoint Development Bank (63.53% of SE) 
  11. Security Bank Savings Corporation (62.83% of SE) 
  12. Luzon Development Bank (53.98% of SE) 
  13. United Overseas Bank Philippines (52.42% of SE)
  14. Wealth Development Bank Corporation (51.46% of SE)
  15. 1st Valley Bank Inc (51.13% of SE) 
  16. Philippine Postal Savings Bank (48.72% of SE) 
  17. Philippine Resources Savings Banking Corporation (48.54% of SE) 
  18. Sampaguita Savings Bank (48.52% of SE) 
  19. Farmers Savings & Loan Bank Inc. (48.17% of SE) 
  20. Sterling Bank of Asia, Inc. (46.72% of SE) 
  21. The Palawan Bank (46.29% of SE) 
  22. Allied Savings Bank (39.54% of SE)
  23. Citibank, N.A. (38.54% of SE)
  24. Penbank Inc. (36.05% of SE)
  25. China Bank Savings Inc. (35.41% of SE)
  26. Enterprise Bank Inc. (35.17% of SE) 
  27. Pampanga Development Bank (34.93% of SE)
  28. RCBC Savings Bank Inc. (34.04% of SE
  29. Metro Cebu Public Savings Bank (32.36% of SE)

Another indicator of a bank's financial health is the level of DOSRI Loans (Loans made by the bank to related parties such as Directors, Officers, Stockholders, and Related Interests) in relation to a bank's Total Loan Portfolio.  Under current banking regulations, the limit on the amount of individual loans to DOSRI, of which 70% must be secured,should not exceed a bank's parent company's regulatory capital or 15% of the bank's parent company's total loan portfolio, whichever is lower.  These limits do not apply to loans secured by assets considered as non-risk as defined in the regulations.Therefore banks with significantly high DOSRI Loan to Total Loan Portfolio ratios may be bumping up or exceeding the limits of compliance with DOSRI regulations.

On an overall basis, the DOSRI Loans of Philippine Banks amounted to only 4.24% of their Total Loan Portfolio as of September 30, 2014.  Of the 101 banks, twenty-six banks reported having no DOSRI Loans.  Of the seventy-four banks with DOSRI Loans, thirty-seven banks had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, six banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:
  1. World Partners Bank (23.45% of TLP)
  2. Malasiqui Progressive SLB, Inc. (23.41% of TLP)
  3. Development Bank of the Philippines (22.54% of TLP)
  4. Queen City Development Bank (21.51% of TLP) 
  5. Citystate Savings Bank Inc. (20.52% of TLP) 
  6. Land Bank of the Philippines (19.35% of TLP) 

Philippine Banking System
DOSRI as % of TLP
September 30, 2014









DOSRI TLP DOSRI/TLP
Bank (In Php) (In PHP) (In %)
WORLD PARTNERS BANK (A THRIFT BANK) 94,336,162.86 402,316,955.65 23.45%
MALASIQUI PROGRESSIVE SLB, INC 10,604,500.00 45,305,076.11 23.41%
DEVELOPMENT BANK OF THE PHIL 35,399,015,535.39 157,034,519,378.86 22.54%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 238,866,054.95 1,110,512,019.93 21.51%
CITYSTATE SAVINGS BANK INC 349,650,999.01 1,704,364,435.32 20.52%
LAND BANK OF THE PHILIPPINES 70,095,708,906.41 362,321,870,595.35 19.35%
TOWER DEVELOPMENT BANK 29,166,611.88 221,604,187.06 13.16%
VILLAGE BANK INC (A THRIFT BANK) 47,748,763.97 364,194,857.58 13.11%
LIFE SAVINGS BANK INC 8,997,716.04 76,180,731.22 11.81%
HIYAS BANKING CORPORATION 22,176,489.78 209,942,951.36 10.56%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 155,243,344.64 1,758,196,064.22 8.83%
INTER-ASIA DEVELOPMENT BANK 10,439,917.62 118,811,914.41 8.79%
DUMAGUETE CITY DEV BANK INC 37,833,816.10 499,537,011.62 7.57%
QUEZON COCONUT BANK INC (A THRIFT BANK) 3,101,328.01 43,041,265.52 7.21%
EAST WEST BANKING CORP 7,126,817,998.08 108,815,689,228.85 6.55%
PAMPANGA DEVELOPMENT BANK 14,416,473.09 249,967,487.26 5.77%
BANK ONE SAVINGS AND TRUST CORP. 29,800,000.00 537,069,361.79 5.55%
BDO UNIBANK INC 57,541,655,916.07 1,131,601,542,674.93 5.08%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 13,986,101.42 290,074,858.05 4.82%
OPTIMUM DEVELOPMENT BANK INC 37,827,893.36 795,235,192.78 4.76%
PHIL NATIONAL BANK 12,272,359,516.65 278,680,895,807.22 4.40%
COMSAVINGS BANK 9,423,328.06 230,614,018.45 4.09%
CENTURY SAVINGS BANK CORPORATION 26,964,255.08 715,850,423.43 3.77%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 1,226,381,598.59 34,601,824,507.93 3.54%
RIZAL COMM'L BANKING CORP 5,702,303,484.85 192,001,846,442.47 2.97%
LUZON DEVELOPMENT BANK 81,794,470.42 2,789,435,905.32 2.93%
CHINA BANKING CORP 6,671,689,854.97 234,042,753,696.28 2.85%
BANK OF THE PHIL ISLANDS 15,424,948,155.15 543,767,565,806.16 2.84%
ROBINSONS BANK CORPORATION 541,798,812.74 19,571,229,136.67 2.77%
BANK OF AMERICA N.A. 41,548,547.66 1,520,876,076.27 2.73%
SAMPAGUITA SAVINGS BANK INC 1,270,154.52 48,078,812.72 2.64%
PHIL SAVINGS BANK 3,108,502,934.43 120,468,900,550.97 2.58%
MARITIME SAVINGS BANK CORPORATION 2,641,210.23 141,822,090.03 1.86%
PHIL POSTAL SAVINGS BANK INC 97,235,052.28 5,631,443,717.16 1.73%
CORDILLERA SAVINGS BANK INC 2,863,556.10 179,446,525.04 1.60%
WEALTH DEVELOPMENT BANK CORPORATION 41,741,037.50 2,971,485,737.03 1.40%
PHIL TRUST COMPANY 560,000,000.00 49,296,344,479.95 1.14%
HONGKONG & SHANGHAI BANKING CORP 505,545,766.64 52,420,634,008.13 0.96%
THE PALAWAN BANK (PALAWAN DB) INC 2,189,844.67 232,235,823.20 0.94%
HSBC SAVINGS BANK(PHILS) INC 62,027,621.09 7,587,184,162.52 0.82%
METROPOLITAN BANK & TCO 3,977,085,612.04 608,226,057,929.71 0.65%
UNION BANK OF THE PHILS 502,388,552.75 109,294,935,867.37 0.46%
PRODUCERS SAVINGS BANK CORPORATION 24,366,157.82 5,446,396,583.40 0.45%
SECURITY BANK CORP 691,271,089.57 178,538,563,071.24 0.39%
MALAYAN BANK SAVINGS AND MORT BANK INC 15,035,158.81 3,988,598,452.76 0.38%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 55,487,358.74 15,359,941,640.38 0.36%
PHILIPPINE VETERANS BANK 47,309,234.58 17,193,297,110.62 0.28%
UNITED COCONUT PLANTERS BANK 234,455,057.21 95,911,086,013.99 0.24%
JP MORGAN CHASE BANK NATIONAL ASSN. 46,642,784.55 22,254,811,437.92 0.21%
TONGYANG SAVINGS BANK INC 1,285,266.85 699,985,300.59 0.18%
ISLA BANK(A THRIFT BANK) INC 1,081,675.69 699,525,970.97 0.15%
ASIA UNITED BANK CORPORATION 91,467,791.83 60,548,152,639.58 0.15%
SECURITY BANK SAVINGS CORPORATION 12,747,730.75 9,015,838,151.54 0.14%
FIRST CONSOLIDATED BANK INC (A PDB) 11,875,157.87 8,451,756,980.68 0.14%
CTBC BANK (PHILIPPINES) CORP 21,929,896.90 16,858,146,500.63 0.13%
PHIL BANK OF COMMUNICATIONS 31,290,784.24 26,199,925,037.62 0.12%
ANZ BANKING GROUP LTD 34,527,765.44 29,935,940,383.20 0.12%
ENTERPRISE BANK INC (A THRIFT BANK) 1,585,860.18 1,566,175,883.26 0.10%
RCBC SAVINGS BANK INC 50,972,808.26 50,923,567,182.60 0.10%
CHINA BANK SAVINGS INC 12,333,792.87 13,312,488,150.80 0.09%
FARMERS SAVINGS & LOAN BANK INC 197,102.92 237,194,204.54 0.08%
CITY SAVINGS BANK INC 27,861,050.06 38,721,056,634.64 0.07%
MAYBANK PHILIPPINES INC 27,728,960.00 45,397,666,696.85 0.06%
PLANTERS DEVELOPMENT BANK 15,200,718.72 31,084,973,189.15 0.05%
STANDARD CHARTERED BANK 17,242,922.46 50,341,565,076.68 0.03%
LEGAZPI SAVINGS BANK INC 400,258.07 1,170,374,024.20 0.03%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 11,163,114.42 35,649,066,121.86 0.03%
UCPB SAVINGS BANK 3,369,165.78 10,836,060,966.56 0.03%
BPI FAMILY SAVINGS BANK INC 25,447,233.11 160,532,177,833.42 0.02%
BANK OF COMMERCE 5,613,555.33 40,658,826,505.51 0.01%
KOREA EXCHANGE BANK 493,000.00 3,754,896,369.38 0.01%
BPI DIRECT SAVINGS BANK INC 952,793.96 9,319,309,026.75 0.01%
CITIBANK, N.A. 2,008,032.03 140,696,788,320.29 0.00%
UNITED OVERSEAS BANK PHILIPPINES 5,753.58 1,270,003,329.23 0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK 0.00 5,511,858,042.34 0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 0.00 343,450,438.24 0.00%
ALLIED SAVINGS BANK 0.00 8,251,994,540.87 0.00%
BANGKOK BANK PUBLIC CO LTD 0.00 7,025,108,338.35 0.00%
BANK OF CHINA LIMITED-MANILA BRANCH 0.00 8,500,224,366.95 0.00%
BATAAN DEVELOPMENT BANK 0.00 187,067,602.97 0.00%
BATAAN SAVINGS AND LOAN BANK 0.00 41,705,058.45 0.00%
BDO PRIVATE BANK, INC. 0.00 10,816,228,364.36 0.00%
BUSINESS AND CONSUMERS BANK (A DB) 0.00 141,279,714.46 0.00%
CARD SME BANK INC A THRIFT BANK 0.00 1,142,026,516.12 0.00%
DEUTSCHE BANK AG 0.00 23,442,771,144.88 0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 0.00 128,454,268.19 0.00%
EQUICOM SAVINGS BANK INC 0.00 3,520,342,742.43 0.00%
INTERNATIONALE NEDERLANDEN GROEP BK 0.00 8,999,459,389.01 0.00%
LEMERY SAVINGS & LOAN BANK, INC. 0.00 58,728,757.20 0.00%
MEGA INT'L COMM'L BANK CO LTD 0.00 9,947,739,468.49 0.00%
MERCHANTS SAVINGS & LOAN ASSN INC 0.00 196,386,051.63 0.00%
METRO CEBU PUBLIC SAVINGS BANK 0.00 78,993,887.53 0.00%
MIZUHO BANK LTD - MANILA BRANCH 0.00 23,045,408,351.36 0.00%
NORTHPOINT DEV'T BANK INC 0.00 197,962,798.58 0.00%
PACIFIC ACE SAVINGS BANK INC 0.00 19,203,816.29 0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 0.00 8,511,577,277.47 0.00%
PRIDE STAR DEVELOPMENT BANK INC 0.00 42,450,621.32 0.00%
PROGRESS SAVINGS AND LOAN BANK INC 0.00 1,991,645.76 0.00%
SUN SAVINGS BANK INC 0.00 310,187,022.84 0.00%
UNIVERSITY SAVINGS BANK INC 0.00 430,588,677.12 0.00%
BDO ELITE SAVINGS BANK INC 0.00 0.00 NA
Grand Total 223,653,446,927.70 5,280,088,781,465.95 4.24%

Source: www.bsp.gov.ph


DOSRI Rules indicate that, in the aggregate, DOSRI Loans should not exceed the total equity of the bank.  Therefore banks with a significantly high DOSRI Loans as a percentage of Stockholders Equity may be approaching DOSRI Limits.  Generally speaking, the DOSRI Loans of Philippine Banks amounted to 20.29% of Stockholders Equity as of June 30, 2014.

Three banks have DOSRI Loans that exceed 80% of their capital.  These are as follows:

  1. World Partners Bank (119.89% of SE) 
  2. Land Bank of the Philippines (97.24% of SE)
  3. Development Bank of the Philippines (86.92% of SE)

Philippine Banking System
DOSRI as % of Stockholders Equity
September 30, 2014









DOSRI SE DOSRI/SE
Bank (In Php) (In PHP) (In %)
WORLD PARTNERS BANK (A THRIFT BANK) 94,336,162.86 78,687,479.68 119.89%
LAND BANK OF THE PHILIPPINES 70,095,708,906.41 72,083,156,068.63 97.24%
DEVELOPMENT BANK OF THE PHIL 35,399,015,535.39 40,726,604,057.76 86.92%
VILLAGE BANK INC (A THRIFT BANK) 47,748,763.97 74,873,808.38 63.77%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 155,243,344.64 295,118,495.89 52.60%
CITYSTATE SAVINGS BANK INC 349,650,999.01 700,119,523.27 49.94%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 238,866,054.95 665,414,631.61 35.90%
EAST WEST BANKING CORP 7,126,817,998.08 20,436,978,166.94 34.87%
BDO UNIBANK INC 57,541,655,916.07 172,404,002,715.04 33.38%
TOWER DEVELOPMENT BANK 29,166,611.88 116,486,906.49 25.04%
MALASIQUI PROGRESSIVE SLB, INC 10,604,500.00 52,888,957.33 20.05%
INTER-ASIA DEVELOPMENT BANK 10,439,917.62 52,596,011.86 19.85%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 13,986,101.42 73,316,907.70 19.08%
PHIL SAVINGS BANK 3,108,502,934.43 16,413,147,642.23 18.94%
DUMAGUETE CITY DEV BANK INC 37,833,816.10 220,596,400.46 17.15%
LUZON DEVELOPMENT BANK 81,794,470.42 515,100,329.41 15.88%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 1,226,381,598.59 7,894,206,774.17 15.54%
HIYAS BANKING CORPORATION 22,176,489.78 158,785,098.12 13.97%
PHIL NATIONAL BANK 12,272,359,516.65 88,868,018,988.94 13.81%
COMSAVINGS BANK 9,423,328.06 69,222,748.79 13.61%
CHINA BANKING CORP 6,671,689,854.97 50,506,800,932.44 13.21%
LIFE SAVINGS BANK INC 8,997,716.04 70,177,045.49 12.82%
RIZAL COMM'L BANKING CORP 5,702,303,484.85 48,794,404,782.06 11.69%
BANK OF THE PHIL ISLANDS 15,424,948,155.15 132,317,938,062.36 11.66%
PAMPANGA DEVELOPMENT BANK 14,416,473.09 126,303,165.96 11.41%
WEALTH DEVELOPMENT BANK CORPORATION 41,741,037.50 378,812,404.40 11.02%
ROBINSONS BANK CORPORATION 541,798,812.74 5,454,367,360.12 9.93%
PHIL POSTAL SAVINGS BANK INC 97,235,052.28 1,010,607,180.71 9.62%
HONGKONG & SHANGHAI BANKING CORP 505,545,766.64 6,132,159,720.03 8.24%
THE PALAWAN BANK (PALAWAN DB) INC 2,189,844.67 30,345,719.66 7.22%
BANK ONE SAVINGS AND TRUST CORP. 29,800,000.00 555,631,269.06 5.36%
OPTIMUM DEVELOPMENT BANK INC 37,827,893.36 721,547,909.23 5.24%
QUEZON COCONUT BANK INC (A THRIFT BANK) 3,101,328.01 59,595,721.55 5.20%
JP MORGAN CHASE BANK NATIONAL ASSN. 46,642,784.55 1,078,219,324.19 4.33%
MARITIME SAVINGS BANK CORPORATION 2,641,210.23 63,763,139.24 4.14%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 55,487,358.74 1,865,596,802.00 2.97%
METROPOLITAN BANK & TCO 3,977,085,612.04 134,461,065,936.80 2.96%
CENTURY SAVINGS BANK CORPORATION 26,964,255.08 925,257,473.56 2.91%
PHIL TRUST COMPANY 560,000,000.00 21,518,546,940.85 2.60%
CORDILLERA SAVINGS BANK INC 2,863,556.10 111,027,950.55 2.58%
BANK OF AMERICA N.A. 41,548,547.66 1,753,141,705.20 2.37%
HSBC SAVINGS BANK(PHILS) INC 62,027,621.09 2,649,764,864.08 2.34%
SAMPAGUITA SAVINGS BANK INC 1,270,154.52 55,199,801.01 2.30%
PRODUCERS SAVINGS BANK CORPORATION 24,366,157.82 1,231,270,647.58 1.98%
MALAYAN BANK SAVINGS AND MORT BANK INC 15,035,158.81 879,633,981.28 1.71%
SECURITY BANK CORP 691,271,089.57 45,954,032,891.93 1.50%
STANDARD CHARTERED BANK 17,242,922.46 1,264,872,660.95 1.36%
SECURITY BANK SAVINGS CORPORATION 12,747,730.75 1,033,570,802.58 1.23%
UNION BANK OF THE PHILS 502,388,552.75 44,068,813,643.34 1.14%
UNITED COCONUT PLANTERS BANK 234,455,057.21 21,317,547,899.98 1.10%
ANZ BANKING GROUP LTD 34,527,765.44 3,388,247,532.70 1.02%
PHILIPPINE VETERANS BANK 47,309,234.58 5,888,234,118.73 0.80%
ENTERPRISE BANK INC (A THRIFT BANK) 1,585,860.18 217,353,879.81 0.73%
RCBC SAVINGS BANK INC 50,972,808.26 7,193,635,098.07 0.71%
PLANTERS DEVELOPMENT BANK 15,200,718.72 2,424,611,329.33 0.63%
CHINA BANK SAVINGS INC 12,333,792.87 2,236,465,308.59 0.55%
CITY SAVINGS BANK INC 27,861,050.06 5,391,556,126.25 0.52%
PHIL BANK OF COMMUNICATIONS 31,290,784.24 6,833,182,382.81 0.46%
ASIA UNITED BANK CORPORATION 91,467,791.83 20,051,790,004.05 0.46%
FIRST CONSOLIDATED BANK INC (A PDB) 11,875,157.87 2,766,410,575.43 0.43%
CTBC BANK (PHILIPPINES) CORP 21,929,896.90 6,466,579,841.74 0.34%
TONGYANG SAVINGS BANK INC 1,285,266.85 386,852,858.01 0.33%
MAYBANK PHILIPPINES INC 27,728,960.00 10,364,375,304.28 0.27%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 11,163,114.42 4,687,098,603.10 0.24%
FARMERS SAVINGS & LOAN BANK INC 197,102.92 114,330,836.72 0.17%
ISLA BANK(A THRIFT BANK) INC 1,081,675.69 653,820,843.86 0.17%
BPI FAMILY SAVINGS BANK INC 25,447,233.11 20,572,953,194.21 0.12%
LEGAZPI SAVINGS BANK INC 400,258.07 329,305,712.63 0.12%
UCPB SAVINGS BANK 3,369,165.78 2,886,382,931.52 0.12%
KOREA EXCHANGE BANK 493,000.00 582,440,130.65 0.08%
BPI DIRECT SAVINGS BANK INC 952,793.96 1,175,988,987.06 0.08%
BANK OF COMMERCE 5,613,555.33 13,769,767,063.00 0.04%
CITIBANK, N.A. 2,008,032.03 7,491,778,601.40 0.03%
UNITED OVERSEAS BANK PHILIPPINES 5,753.58 1,269,546,429.94 0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK 0.00 1,129,443,108.23 0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 0.00 384,204,155.99 0.00%
ALLIED SAVINGS BANK 0.00 1,048,573,729.56 0.00%
BANGKOK BANK PUBLIC CO LTD 0.00 3,106,292,084.64 0.00%
BANK OF CHINA LIMITED-MANILA BRANCH 0.00 929,613,700.63 0.00%
BATAAN DEVELOPMENT BANK 0.00 70,712,367.08 0.00%
BATAAN SAVINGS AND LOAN BANK 0.00 63,109,094.36 0.00%
BDO ELITE SAVINGS BANK INC 0.00 802,242,615.73 0.00%
BDO PRIVATE BANK, INC. 0.00 5,614,288,374.61 0.00%
BUSINESS AND CONSUMERS BANK (A DB) 0.00 85,888,838.90 0.00%
CARD SME BANK INC A THRIFT BANK 0.00 340,293,067.27 0.00%
DEUTSCHE BANK AG 0.00 2,031,004,038.17 0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 0.00 90,647,604.74 0.00%
EQUICOM SAVINGS BANK INC 0.00 550,284,276.11 0.00%
INTERNATIONALE NEDERLANDEN GROEP BK 0.00 2,681,154,441.05 0.00%
LEMERY SAVINGS & LOAN BANK, INC. 0.00 73,724,475.80 0.00%
MEGA INT'L COMM'L BANK CO LTD 0.00 1,977,544,129.71 0.00%
MERCHANTS SAVINGS & LOAN ASSN INC 0.00 434,404,037.14 0.00%
METRO CEBU PUBLIC SAVINGS BANK 0.00 64,097,759.85 0.00%
MIZUHO BANK LTD - MANILA BRANCH 0.00 2,757,822,859.05 0.00%
NORTHPOINT DEV'T BANK INC 0.00 191,408,301.61 0.00%
PACIFIC ACE SAVINGS BANK INC 0.00 79,121,330.06 0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 0.00 1,858,320,365.75 0.00%
PRIDE STAR DEVELOPMENT BANK INC 0.00 74,716,356.94 0.00%
PROGRESS SAVINGS AND LOAN BANK INC 0.00 83,929,539.02 0.00%
SUN SAVINGS BANK INC 0.00 101,894,305.23 0.00%
UNIVERSITY SAVINGS BANK INC 0.00 404,096,486.79 0.00%
Grand Total 223,653,446,927.70 1,102,460,878,588.80 20.29%

Source: www.bsp.gov.ph


Banks often take pains to avoid DOSRI Loans from falling past due. Although bank policies often state that DOSRI Loans are made “substantially on the same terms as with other individuals and businesses of comparable risks.  (See Planters Development Bank Annual Report December 31, 2010). Loan underwriting standards should be tighter because a past due DOSRI loan reflects badly on the bank.    DOSRI Loans that fall past due are often:

  1. Written off as soon as possible;
  2. Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
  3. Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due). 
As a result, Philippine Banks reported that Php 406.264 million, or 0.18% of its DOSRI Loans fell past due as of June 30, 2014.  Of the seventy-four banks with DOSRI Loans, sixty banks had zero past due DOSRI Loans.  No banks had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio.

Philippine Banking System
DOSRI Past Due as % of DOSRI
September 30, 2014





DOSRI Past Due DOSRI DOSRI Past Due/DOSRI
Bank (In PHP) (In PHP) (In %)
PHIL SAVINGS BANK 395,877,639.00 3,108,502,934.43 12.74%
LEGAZPI SAVINGS BANK INC 47,665.89 400,258.07 11.91%
UNITED COCONUT PLANTERS BANK 3,232,429.22 234,455,057.21 1.38%
PHIL BANK OF COMMUNICATIONS 289,120.16 31,290,784.24 0.92%
UNITED OVERSEAS BANK PHILIPPINES 36.00 5,753.58 0.63%
CHINA BANK SAVINGS INC 60,309.44 12,333,792.87 0.49%
BANK OF THE PHIL ISLANDS 4,685,518.00 15,424,948,155.15 0.03%
CTBC BANK (PHILIPPINES) CORP 4,104.52 21,929,896.90 0.02%
RIZAL COMM'L BANKING CORP 835,058.50 5,702,303,484.85 0.01%
CHINA BANKING CORP 173,556.19 6,671,689,854.97 0.00%
BDO UNIBANK INC 649,245.18 57,541,655,916.07 0.00%
LAND BANK OF THE PHILIPPINES 390,994.18 70,095,708,906.41 0.00%
EAST WEST BANKING CORP 18,086.66 7,126,817,998.08 0.00%
UCPB SAVINGS BANK 4.00 3,369,165.78 0.00%
ANZ BANKING GROUP LTD 0.00 34,527,765.44 0.00%
ASIA UNITED BANK CORPORATION 0.00 91,467,791.83 0.00%
BANK OF AMERICA N.A. 0.00 41,548,547.66 0.00%
BANK OF COMMERCE 0.00 5,613,555.33 0.00%
BANK ONE SAVINGS AND TRUST CORP. 0.00 29,800,000.00 0.00%
BPI DIRECT SAVINGS BANK INC 0.00 952,793.96 0.00%
BPI FAMILY SAVINGS BANK INC 0.00 25,447,233.11 0.00%
CENTURY SAVINGS BANK CORPORATION 0.00 26,964,255.08 0.00%
CITIBANK, N.A. 0.00 2,008,032.03 0.00%
CITY SAVINGS BANK INC 0.00 27,861,050.06 0.00%
CITYSTATE SAVINGS BANK INC 0.00 349,650,999.01 0.00%
COMSAVINGS BANK 0.00 9,423,328.06 0.00%
CORDILLERA SAVINGS BANK INC 0.00 2,863,556.10 0.00%
DEVELOPMENT BANK OF THE PHIL 0.00 35,399,015,535.39 0.00%
DUMAGUETE CITY DEV BANK INC 0.00 37,833,816.10 0.00%
ENTERPRISE BANK INC (A THRIFT BANK) 0.00 1,585,860.18 0.00%
FARMERS SAVINGS & LOAN BANK INC 0.00 197,102.92 0.00%
FIRST CONSOLIDATED BANK INC (A PDB) 0.00 11,875,157.87 0.00%
HIYAS BANKING CORPORATION 0.00 22,176,489.78 0.00%
HONGKONG & SHANGHAI BANKING CORP 0.00 505,545,766.64 0.00%
HSBC SAVINGS BANK(PHILS) INC 0.00 62,027,621.09 0.00%
INTER-ASIA DEVELOPMENT BANK 0.00 10,439,917.62 0.00%
ISLA BANK(A THRIFT BANK) INC 0.00 1,081,675.69 0.00%
JP MORGAN CHASE BANK NATIONAL ASSN. 0.00 46,642,784.55 0.00%
KOREA EXCHANGE BANK 0.00 493,000.00 0.00%
LIFE SAVINGS BANK INC 0.00 8,997,716.04 0.00%
LUZON DEVELOPMENT BANK 0.00 81,794,470.42 0.00%
MALASIQUI PROGRESSIVE SLB, INC 0.00 10,604,500.00 0.00%
MALAYAN BANK SAVINGS AND MORT BANK INC 0.00 15,035,158.81 0.00%
MARITIME SAVINGS BANK CORPORATION 0.00 2,641,210.23 0.00%
MAYBANK PHILIPPINES INC 0.00 27,728,960.00 0.00%
METROPOLITAN BANK & TCO 0.00 3,977,085,612.04 0.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 0.00 13,986,101.42 0.00%
OPTIMUM DEVELOPMENT BANK INC 0.00 37,827,893.36 0.00%
PAMPANGA DEVELOPMENT BANK 0.00 14,416,473.09 0.00%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 0.00 155,243,344.64 0.00%
PHIL NATIONAL BANK 0.00 12,272,359,516.65 0.00%
PHIL POSTAL SAVINGS BANK INC 0.00 97,235,052.28 0.00%
PHIL TRUST COMPANY 0.00 560,000,000.00 0.00%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 0.00 1,226,381,598.59 0.00%
PHILIPPINE VETERANS BANK 0.00 47,309,234.58 0.00%
PLANTERS DEVELOPMENT BANK 0.00 15,200,718.72 0.00%
PRODUCERS SAVINGS BANK CORPORATION 0.00 24,366,157.82 0.00%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 0.00 238,866,054.95 0.00%
QUEZON COCONUT BANK INC (A THRIFT BANK) 0.00 3,101,328.01 0.00%
RCBC SAVINGS BANK INC 0.00 50,972,808.26 0.00%
ROBINSONS BANK CORPORATION 0.00 541,798,812.74 0.00%
SAMPAGUITA SAVINGS BANK INC 0.00 1,270,154.52 0.00%
SECURITY BANK CORP 0.00 691,271,089.57 0.00%
SECURITY BANK SAVINGS CORPORATION 0.00 12,747,730.75 0.00%
STANDARD CHARTERED BANK 0.00 17,242,922.46 0.00%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 0.00 55,487,358.74 0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 0.00 11,163,114.42 0.00%
THE PALAWAN BANK (PALAWAN DB) INC 0.00 2,189,844.67 0.00%
TONGYANG SAVINGS BANK INC 0.00 1,285,266.85 0.00%
TOWER DEVELOPMENT BANK 0.00 29,166,611.88 0.00%
UNION BANK OF THE PHILS 0.00 502,388,552.75 0.00%
VILLAGE BANK INC (A THRIFT BANK) 0.00 47,748,763.97 0.00%
WEALTH DEVELOPMENT BANK CORPORATION 0.00 41,741,037.50 0.00%
WORLD PARTNERS BANK (A THRIFT BANK) 0.00 94,336,162.86 0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK 0.00 0.00 NA
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 0.00 0.00 NA
ALLIED SAVINGS BANK 0.00 0.00 NA
BANGKOK BANK PUBLIC CO LTD 0.00 0.00 NA
BANK OF CHINA LIMITED-MANILA BRANCH 0.00 0.00 NA
BATAAN DEVELOPMENT BANK 0.00 0.00 NA
BATAAN SAVINGS AND LOAN BANK 0.00 0.00 NA
BDO ELITE SAVINGS BANK INC 0.00 0.00 NA
BDO PRIVATE BANK, INC. 0.00 0.00 NA
BUSINESS AND CONSUMERS BANK (A DB) 0.00 0.00 NA
CARD SME BANK INC A THRIFT BANK 0.00 0.00 NA
DEUTSCHE BANK AG 0.00 0.00 NA
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 0.00 0.00 NA
EQUICOM SAVINGS BANK INC 0.00 0.00 NA
INTERNATIONALE NEDERLANDEN GROEP BK 0.00 0.00 NA
LEMERY SAVINGS & LOAN BANK, INC. 0.00 0.00 NA
MEGA INT'L COMM'L BANK CO LTD 0.00 0.00 NA
MERCHANTS SAVINGS & LOAN ASSN INC 0.00 0.00 NA
METRO CEBU PUBLIC SAVINGS BANK 0.00 0.00 NA
MIZUHO BANK LTD - MANILA BRANCH 0.00 0.00 NA
NORTHPOINT DEV'T BANK INC 0.00 0.00 NA
PACIFIC ACE SAVINGS BANK INC 0.00 0.00 NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 0.00 0.00 NA
PRIDE STAR DEVELOPMENT BANK INC 0.00 0.00 NA
PROGRESS SAVINGS AND LOAN BANK INC 0.00 0.00 NA
SUN SAVINGS BANK INC 0.00 0.00 NA
UNIVERSITY SAVINGS BANK INC 0.00 0.00 NA
Grand Total 406,263,766.94 223,653,446,927.70 0.18%

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