Philippine Banks Improve in the 3rd 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 decreased by Php 5.218 billion or -0.77% from June 30, 2014 to September 30, 2014.  This decrease was aided 0.98% increase in their Total Capital Cushion during the same period.  As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by 1.03%, from 59.47% as of June 30, 2014 to 58.44% as of September 30, 2014. On a year on year basis, the Distressed Asset Ratio has dropped 5.93% from 64.37% as of September 30, 2013 to 58.44% as of September 30, 2014.

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

1. BDO Private Bank, Inc. (50.93% decrease)
2. Bank of America N.A. (44.80% decrease)
3. CTBC Bank (Philippines) Corp. (36.49% decrease)
4. Philippine Resources Savings Banking Corporation (27.98% decrease)
5. Malasiqui Progressive SLB, Inc. (27.30% increase)

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

1. JP Morgan Chase Bank National Association (366.82% increase)
2. Internationale Nederlanden Groep Bank (101.24% increase)
3. 1st Valley Bank Inc. (100.57% increase)
4. China Banking Corporation (69.94% increase)
5. Optimum Development Bank Inc. (45.96% increase)
6. China Bank Savings Inc. (35.20% increase)

Distressed Banks


One of the six banks with significant increases have been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the September 30, 2014. This bank is China Bank Savings Inc., which had a distressed ratio of 135.86% as of September 30, 2014.

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 September 30, 2014. It's assets and resulting liabilities were reported to be acquired by BDO Unibank Inc. last July 7, 2014 although there has been no news as to whether the transaction was already completed.  BDO Unibank also completed the acquisition of Citibank Savings Inc. last March 27, 2014 but Citibank Savings continued to have a Published Statement of Condition as of June 30, 2014 but none for September 30, 2014.

Because of the reported acquisition of The Real Bank,the second most distressed Philippine Bank, Legazpi Savings Bank, now ranks as the most distressed Philippine Bank as of September 30, 2014.  Its Total Distressed Assets are over fifteen times its Total Capital Cushion.

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

1. Legazpi Savings Bank (Distressed Ratio of 1299.80%)
2. Bank of China Limited - Manila Branch (Distressed Ratio of 1218.12%)
3. Comsavings Bank (Distressed Ratio of 1108.58%)
4. Village Bank Inc. (Distressed Ratio of 718.14%)
5. United Coconut Planters (Distressed Ratio of 301.17%)
6. Citibank, N.A. (Distressed Ratio of 295.84%)
7. Inter-Asia Development Bank (Distressed Ratio of 268.32%)
8. Business and Consumers Bank (Distressed Ratio of 260.09%)
9. Planters Development Bank (Distressed Ratio of 209.85%)
10. Bank of Commerce (Distressed Ratio of 186.75%)
11. World Partners Bank (Distressed Ratio of 169.14%)
12. Deutsche Bank AG (Distressed Ratio of 157.48%)
13. Standard Chartered Bank (Distressed Ratio of 146.76%)
14. Bataan Development Bank (Distressed Ratio of 144.11%)
15. China Bank Savings Inc. (Distressed Ratio of 135.86%)
16. Malayan Bank Savings and Mortgage Bank (133.72%)
17. RCBC Savings Bank Inc. (Distressed Ratio of 125.02%)
18. Enterprise Bank Inc. (Distressed Ratio of 123.79%)
19. Hongkong & Shanghai Banking Corporation (Distressed Ratio of 121.25%)
20. Equicom Savings Bank Inc. (Distressed Ratio of 109.80%)
21. Wealth Development Bank Corporation (Distressed Ratio of 102.12%)
22. Philippine Bank of Communications (Distressed Ratio of 101.99%)

Two other banks classified as distressed last June 30, 2014, BPI Globe Banko Inc (distressed ratio of 104.61% as of June 30, 2014) and Microfinance Maximum SB Inc. (distressed ratio of 124.16% as of June 30, 2014) did not have Published Statements of Condition as of September 30, 2014 on the www.bsp.gov.ph website.

As a group the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 211.54% as of September 30, 2014, up from 225.76% as of June 30, 2014.  

Departures

Philippine Resources Savings Banking Corporation, which had a Distressed Ratio of 112.00% as of June 30, 2014, dropped out of the list of Distressed Banks with a Distressed Ratio of 80..66% as of September 30, 2014.

Arrivals

One bank entered the Distressed Banks List: Wealth Development Bank Corporation.  This bank, which had a Distressed Ratio of 85.31% as of June 30, 2014, now has a Distressed Ratio of 102.12% as of September 30, 2014.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2014 to September 30, 2014
In %
Bank	September 30, 2014	June 30, 2014	Variance	% Variance
JP MORGAN CHASE BANK NATIONAL ASSN.	15.41%	3.30%	12.11%	366.82%
INTERNATIONALE NEDERLANDEN GROEP BK	14.02%	6.97%	7.05%	101.24%
1ST VALLEY BANK INC A DEVELOPMENT BANK	54.52%	27.19%	27.34%	100.57%
CHINA BANKING CORP	38.47%	22.64%	15.83%	69.94%
OPTIMUM DEVELOPMENT BANK INC	27.04%	18.53%	8.52%	45.96%
CHINA BANK SAVINGS INC	135.86%	100.49%	35.37%	35.20%
SUN SAVINGS BANK INC	12.14%	9.86%	2.28%	23.08%
BATAAN SAVINGS AND LOAN BANK	16.66%	13.56%	3.10%	22.84%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.92%	2.39%	0.53%	22.22%
WEALTH DEVELOPMENT BANK CORPORATION	102.12%	85.31%	16.81%	19.71%
BPI DIRECT SAVINGS BANK INC	24.26%	20.33%	3.93%	19.33%
PRODUCERS SAVINGS BANK CORPORATION	75.75%	65.80%	9.95%	15.12%
TOWER DEVELOPMENT BANK	21.78%	18.99%	2.79%	14.71%
HONGKONG & SHANGHAI BANKING CORP	121.25%	106.30%	14.95%	14.06%
ANZ BANKING GROUP LTD	60.81%	54.52%	6.29%	11.53%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	68.71%	61.66%	7.04%	11.42%
LUZON DEVELOPMENT BANK	68.63%	61.66%	6.97%	11.31%
LIFE SAVINGS BANK INC	39.96%	36.13%	3.83%	10.61%
EAST WEST BANKING CORP	75.96%	68.98%	6.99%	10.13%
INTER-ASIA DEVELOPMENT BANK	268.32%	246.27%	22.05%	8.95%
WORLD PARTNERS BANK (A THRIFT BANK)	169.14%	155.53%	13.61%	8.75%
COMSAVINGS BANK	1108.58%	1022.67%	85.91%	8.40%
CARD SME BANK INC A THRIFT BANK	22.37%	20.86%	1.51%	7.22%
PHIL SAVINGS BANK	82.42%	77.11%	5.31%	6.88%
CITY SAVINGS BANK INC	32.20%	30.18%	2.02%	6.69%
MALAYAN BANK SAVINGS AND MORT BANK INC	133.72%	125.53%	8.19%	6.52%
BANK OF CHINA LIMITED-MANILA BRANCH	1218.12%	1151.42%	66.70%	5.79%
SAMPAGUITA SAVINGS BANK INC	36.10%	34.18%	1.92%	5.63%
CORDILLERA SAVINGS BANK INC	72.76%	68.96%	3.79%	5.50%
PHIL POSTAL SAVINGS BANK INC	65.07%	61.78%	3.29%	5.33%
SECURITY BANK CORP	24.61%	23.66%	0.95%	4.02%
ALLIED SAVINGS BANK	61.07%	59.01%	2.05%	3.48%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	59.05%	57.22%	1.83%	3.19%
BDO UNIBANK INC	58.73%	56.93%	1.80%	3.17%
FARMERS SAVINGS & LOAN BANK INC	94.59%	91.90%	2.69%	2.93%
BPI FAMILY SAVINGS BANK INC	50.84%	49.46%	1.38%	2.79%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	37.35%	36.46%	0.89%	2.44%
ISLA BANK(A THRIFT BANK) INC	8.80%	8.60%	0.20%	2.30%
VILLAGE BANK INC (A THRIFT BANK)	718.14%	705.10%	13.04%	1.85%
ROBINSONS BANK CORPORATION	41.41%	40.76%	0.65%	1.60%
MAYBANK PHILIPPINES INC	33.18%	32.67%	0.50%	1.53%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	19.18%	18.90%	0.28%	1.47%
UNION BANK OF THE PHILS	71.40%	70.39%	1.00%	1.43%
KOREA EXCHANGE BANK	77.43%	76.84%	0.60%	0.78%
UNITED OVERSEAS BANK PHILIPPINES	42.23%	41.92%	0.31%	0.75%
MERCHANTS SAVINGS & LOAN ASSN INC	54.55%	54.19%	0.37%	0.68%
PACIFIC ACE SAVINGS BANK INC	5.88%	5.84%	0.03%	0.56%
UCPB SAVINGS BANK	75.66%	75.30%	0.36%	0.48%
UNIVERSITY SAVINGS BANK INC	46.51%	46.33%	0.19%	0.40%
BANK OF COMMERCE	186.75%	186.19%	0.56%	0.30%
PHILIPPINE VETERANS BANK	93.27%	93.23%	0.04%	0.04%
BDO ELITE SAVINGS BANK INC	11.09%	11.09%	0.00%	0.00%
UNITED COCONUT PLANTERS BANK	301.17%	301.61%	-0.43%	-0.14%
DUMAGUETE CITY DEV BANK INC	86.06%	86.19%	-0.13%	-0.15%
METROPOLITAN BANK & TCO	39.41%	39.48%	-0.07%	-0.17%
SECURITY BANK SAVINGS CORPORATION	91.57%	92.26%	-0.69%	-0.75%
LAND BANK OF THE PHILIPPINES	37.05%	37.35%	-0.30%	-0.79%
BANK ONE SAVINGS AND TRUST CORP.	38.33%	38.66%	-0.33%	-0.85%
BATAAN DEVELOPMENT BANK	144.11%	145.41%	-1.30%	-0.90%
THE PALAWAN BANK (PALAWAN DB) INC	70.86%	71.56%	-0.70%	-0.97%
RCBC SAVINGS BANK INC	125.02%	126.43%	-1.41%	-1.11%
DEUTSCHE BANK AG	157.48%	159.41%	-1.93%	-1.21%
EQUICOM SAVINGS BANK INC	109.80%	111.35%	-1.55%	-1.39%
PAMPANGA DEVELOPMENT BANK	37.61%	38.16%	-0.55%	-1.44%
CITYSTATE SAVINGS BANK INC	33.70%	34.25%	-0.54%	-1.59%
RIZAL COMM'L BANKING CORP	33.93%	34.49%	-0.56%	-1.61%
BUSINESS AND CONSUMERS BANK (A DB)	260.09%	264.76%	-4.67%	-1.76%
QUEZON COCONUT BANK INC (A THRIFT BANK)	26.25%	26.75%	-0.50%	-1.88%
CENTURY SAVINGS BANK CORPORATION	11.65%	11.95%	-0.30%	-2.51%
HSBC SAVINGS BANK(PHILS) INC	13.75%	14.14%	-0.39%	-2.74%
METRO CEBU PUBLIC SAVINGS BANK	55.29%	56.94%	-1.65%	-2.90%
MIZUHO BANK LTD - MANILA BRANCH	38.89%	40.25%	-1.36%	-3.37%
PROGRESS SAVINGS AND LOAN BANK INC	2.91%	3.02%	-0.11%	-3.62%
MARITIME SAVINGS BANK CORPORATION	41.58%	43.46%	-1.89%	-4.34%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4.88%	5.13%	-0.26%	-5.03%
PHIL TRUST COMPANY	32.57%	34.63%	-2.05%	-5.92%
TONGYANG SAVINGS BANK INC	63.61%	67.64%	-4.04%	-5.97%
NORTHPOINT DEV'T BANK INC	51.85%	55.67%	-3.82%	-6.85%
PLANTERS DEVELOPMENT BANK	209.85%	225.88%	-16.02%	-7.09%
FIRST CONSOLIDATED BANK INC (A PDB)	31.01%	33.45%	-2.44%	-7.30%
ENTERPRISE BANK INC (A THRIFT BANK)	123.79%	133.80%	-10.02%	-7.49%
PRIDE STAR DEVELOPMENT BANK INC	58.64%	63.73%	-5.09%	-7.98%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	74.93%	81.79%	-6.86%	-8.38%
PHIL NATIONAL BANK	77.80%	85.22%	-7.42%	-8.71%
ASIA UNITED BANK CORPORATION	38.61%	42.90%	-4.28%	-9.99%
BANK OF THE PHIL ISLANDS	22.18%	25.18%	-3.00%	-11.91%
LEMERY SAVINGS & LOAN BANK, INC.	18.34%	20.86%	-2.52%	-12.08%
BANGKOK BANK PUBLIC CO LTD	4.51%	5.14%	-0.62%	-12.13%
HIYAS BANKING CORPORATION	16.59%	19.59%	-3.00%	-15.29%
LEGAZPI SAVINGS BANK INC	1299.80%	1542.70%	-242.90%	-15.75%
STANDARD CHARTERED BANK	146.76%	174.75%	-28.00%	-16.02%
MEGA INT'L COMM'L BANK CO LTD	26.61%	32.64%	-6.04%	-18.49%
CITIBANK, N.A.	295.84%	365.88%	-70.03%	-19.14%
DEVELOPMENT BANK OF THE PHIL	38.29%	47.98%	-9.69%	-20.20%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	24.50%	31.98%	-7.49%	-23.40%
PHIL BANK OF COMMUNICATIONS	101.99%	135.55%	-33.56%	-24.76%
MALASIQUI PROGRESSIVE SLB, INC	23.53%	32.37%	-8.84%	-27.30%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	80.66%	112.00%	-31.34%	-27.98%
CTBC BANK (PHILIPPINES) CORP	21.19%	33.36%	-12.17%	-36.49%
BANK OF AMERICA N.A.	1.40%	2.54%	-1.14%	-44.80%
BDO PRIVATE BANK, INC.	18.62%	37.94%	-19.32%	-50.93%
BPI GLOBE BANKO INC A SAVINGS BANK	NA	104.61%	NA	NA
CITIBANK SAVINGS INC	NA	16.95%	NA	NA
MICROFINANCE MAXIMUM SB INC	NA	124.16%	NA	NA
Grand Total	58.44%	59.47%	-1.03%	-1.73%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2014 to September 30, 2014
In Php
		September 30, 2014				June 30, 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	889,758,254.82	68,453,617.33	1299.80%		879,874,867.82	57,034,752.11	1542.70%		9,883,387.00	11,418,865.22	-242.90%		1.12%	20.02%	-15.75%
BANK OF CHINA LIMITED-MANILA BRANCH	8,882,497,146.55	729,199,796.35	1218.12%		8,106,394,571.94	704,034,474.62	1151.42%		776,102,574.61	25,165,321.73	66.70%		9.57%	3.57%	5.79%
COMSAVINGS BANK	1,393,351,602.43	125,688,105.95	1108.58%		1,409,897,058.99	137,864,070.41	1022.67%		-16,545,456.56	-12,175,964.46	85.91%		-1.17%	-8.83%	8.40%
VILLAGE BANK INC (A THRIFT BANK)	627,916,438.88	87,436,393.60	718.14%		619,519,702.70	87,862,534.12	705.10%		8,396,736.18	-426,140.52	13.04%		1.36%	-0.49%	1.85%
UNITED COCONUT PLANTERS BANK	39,033,121,983.62	12,960,345,818.80	301.17%		39,078,598,958.66	12,956,763,697.89	301.61%		-45,476,975.04	3,582,120.91	-0.43%		-0.12%	0.03%	-0.14%
CITIBANK, N.A.	44,443,825,033.75	15,022,816,274.59	295.84%		54,565,645,942.16	14,913,671,357.97	365.88%		-10,121,820,908.41	109,144,916.62	-70.03%		-18.55%	0.73%	-19.14%
INTER-ASIA DEVELOPMENT BANK	156,199,143.39	58,213,775.33	268.32%		142,643,766.68	57,921,470.27	246.27%		13,555,376.71	292,305.06	22.05%		9.50%	0.50%	8.95%
BUSINESS AND CONSUMERS BANK (A DB)	228,694,914.96	87,928,971.96	260.09%		231,554,907.64	87,458,878.55	264.76%		-2,859,992.68	470,093.41	-4.67%		-1.24%	0.54%	-1.76%
PLANTERS DEVELOPMENT BANK	8,291,359,745.77	3,951,017,511.33	209.85%		8,979,574,365.84	3,975,436,994.46	225.88%		-688,214,620.07	-24,419,483.13	-16.02%		-7.66%	-0.61%	-7.09%
BANK OF COMMERCE	33,726,451,433.02	18,059,781,386.87	186.75%		33,490,480,010.07	17,987,395,616.57	186.19%		235,971,422.95	72,385,770.30	0.56%		0.70%	0.40%	0.30%
WORLD PARTNERS BANK (A THRIFT BANK)	283,734,518.93	167,750,167.44	169.14%		240,496,348.40	154,633,855.61	155.53%		43,238,170.53	13,116,311.83	13.61%		17.98%	8.48%	8.75%
DEUTSCHE BANK AG	2,464,237,371.95	1,564,765,419.82	157.48%		2,308,475,208.75	1,448,134,826.54	159.41%		155,762,163.20	116,630,593.28	-1.93%		6.75%	8.05%	-1.21%
STANDARD CHARTERED BANK	4,776,143,452.10	3,254,497,240.20	146.76%		5,713,234,795.82	3,269,363,946.23	174.75%		-937,091,343.72	-14,866,706.03	-28.00%		-16.40%	-0.45%	-16.02%
BATAAN DEVELOPMENT BANK	117,019,714.37	81,203,599.85	144.11%		117,427,574.88	80,756,947.34	145.41%		-407,860.51	446,652.51	-1.30%		-0.35%	0.55%	-0.90%
CHINA BANK SAVINGS INC	3,389,328,466.07	2,494,661,910.48	135.86%		2,134,861,055.94	2,124,395,159.80	100.49%		1,254,467,410.13	370,266,750.68	35.37%		58.76%	17.43%	35.20%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,568,013,654.92	1,172,640,199.85	133.72%		1,573,000,491.68	1,253,078,078.32	125.53%		-4,986,836.76	-80,437,878.47	8.19%		-0.32%	-6.42%	6.52%
RCBC SAVINGS BANK INC	11,108,629,464.95	8,885,317,702.74	125.02%		11,062,843,191.61	8,750,317,702.74	126.43%		45,786,273.34	135,000,000.00	-1.41%		0.41%	1.54%	-1.11%
ENTERPRISE BANK INC (A THRIFT BANK)	305,846,145.65	247,078,321.07	123.79%		332,751,749.08	248,684,560.67	133.80%		-26,905,603.43	-1,606,239.60	-10.02%		-8.09%	-0.65%	-7.49%
HONGKONG & SHANGHAI BANKING CORP	8,022,116,425.25	6,616,305,291.45	121.25%		7,066,336,155.55	6,647,695,302.00	106.30%		955,780,269.70	-31,390,010.55	14.95%		13.53%	-0.47%	14.06%
EQUICOM SAVINGS BANK INC	683,585,144.30	622,549,506.55	109.80%		681,860,105.37	612,349,794.92	111.35%		1,725,038.93	10,199,711.63	-1.55%		0.25%	1.67%	-1.39%
WEALTH DEVELOPMENT BANK CORPORATION	471,907,867.30	462,106,341.85	102.12%		394,206,497.12	462,106,341.85	85.31%		77,701,370.18	0.00	16.81%		19.71%	0.00%	19.71%
PHIL BANK OF COMMUNICATIONS	7,975,057,185.04	7,819,807,165.86	101.99%		8,134,346,587.67	6,001,157,757.13	135.55%		-159,289,402.63	1,818,649,408.73	-33.56%		-1.96%	30.30%	-24.76%
FARMERS SAVINGS & LOAN BANK INC	123,692,355.18	130,767,591.67	94.59%		118,740,441.59	129,210,553.97	91.90%		4,951,913.59	1,557,037.70	2.69%		4.17%	1.21%	2.93%
PHILIPPINE VETERANS BANK	6,635,555,905.02	7,114,383,029.07	93.27%		6,607,410,255.25	7,086,898,497.62	93.23%		28,145,649.77	27,484,531.45	0.04%		0.43%	0.39%	0.04%
SECURITY BANK SAVINGS CORPORATION	1,431,968,961.43	1,563,747,576.07	91.57%		1,432,024,608.31	1,552,150,149.28	92.26%		-55,646.88	11,597,426.79	-0.69%		0.00%	0.75%	-0.75%
DUMAGUETE CITY DEV BANK INC	206,631,586.82	240,089,355.49	86.06%		206,934,168.31	240,089,355.49	86.19%		-302,581.49	0.00	-0.13%		-0.15%	0.00%	-0.15%
PHIL SAVINGS BANK	15,717,573,350.25	19,070,366,004.77	82.42%		14,773,590,643.37	19,158,912,759.22	77.11%		943,982,706.88	-88,546,754.45	5.31%		6.39%	-0.46%	6.88%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	1,457,194,020.96	1,806,617,844.19	80.66%		1,972,870,076.28	1,761,530,461.51	112.00%		-515,676,055.32	45,087,382.68	-31.34%		-26.14%	2.56%	-27.98%
PHIL NATIONAL BANK	77,417,161,079.86	99,508,000,840.90	77.80%		77,043,373,818.58	90,402,280,458.89	85.22%		373,787,261.28	9,105,720,382.01	-7.42%		0.49%	10.07%	-8.71%
KOREA EXCHANGE BANK	439,879,836.71	568,070,936.39	77.43%		434,864,995.39	565,951,179.94	76.84%		5,014,841.32	2,119,756.45	0.60%		1.15%	0.37%	0.78%
EAST WEST BANKING CORP	16,755,382,636.62	22,056,966,641.93	75.96%		15,302,650,057.77	22,185,115,642.78	68.98%		1,452,732,578.85	-128,149,000.85	6.99%		9.49%	-0.58%	10.13%
PRODUCERS SAVINGS BANK CORPORATION	962,866,867.48	1,271,082,845.37	75.75%		825,844,871.57	1,255,089,441.42	65.80%		137,021,995.91	15,993,403.95	9.95%		16.59%	1.27%	15.12%
UCPB SAVINGS BANK	2,391,032,291.51	3,160,287,716.63	75.66%		2,383,408,620.27	3,165,259,829.57	75.30%		7,623,671.24	-4,972,112.94	0.36%		0.32%	-0.16%	0.48%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,848,604,165.44	2,467,099,996.71	74.93%		1,850,609,910.68	2,262,704,632.75	81.79%		-2,005,745.24	204,395,363.96	-6.86%		-0.11%	9.03%	-8.38%
CORDILLERA SAVINGS BANK INC	85,625,497.05	117,688,932.06	72.76%		82,089,567.84	119,032,106.92	68.96%		3,535,929.21	-1,343,174.86	3.79%		4.31%	-1.13%	5.50%
UNION BANK OF THE PHILS	40,322,979,807.86	56,475,996,260.05	71.40%		39,739,692,474.18	56,453,541,993.22	70.39%		583,287,333.68	22,454,266.83	1.00%		1.47%	0.04%	1.43%
THE PALAWAN BANK (PALAWAN DB) INC	26,750,951.00	37,751,079.42	70.86%		26,500,496.50	37,033,985.35	71.56%		250,454.50	717,094.07	-0.70%		0.95%	1.94%	-0.97%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	116,745,352.50	169,920,707.15	68.71%		92,693,849.88	150,326,877.03	61.66%		24,051,502.62	19,593,830.12	7.04%		25.95%	13.03%	11.42%
LUZON DEVELOPMENT BANK	393,425,999.51	573,222,773.37	68.63%		350,637,564.94	568,666,340.78	61.66%		42,788,434.57	4,556,432.59	6.97%		12.20%	0.80%	11.31%
PHIL POSTAL SAVINGS BANK INC	774,662,095.48	1,190,466,966.92	65.07%		701,764,124.55	1,135,894,948.71	61.78%		72,897,970.93	54,572,018.21	3.29%		10.39%	4.80%	5.33%
TONGYANG SAVINGS BANK INC	305,407,620.27	480,153,522.53	63.61%		326,606,534.99	482,837,604.18	67.64%		-21,198,914.72	-2,684,081.65	-4.04%		-6.49%	-0.56%	-5.97%
ALLIED SAVINGS BANK	673,182,830.34	1,102,346,018.65	61.07%		692,766,178.31	1,173,891,186.43	59.01%		-19,583,347.97	-71,545,167.78	2.05%		-2.83%	-6.09%	3.48%
ANZ BANKING GROUP LTD	2,066,491,821.17	3,398,283,474.19	60.81%		1,827,507,878.27	3,351,702,158.40	54.52%		238,983,942.90	46,581,315.79	6.29%		13.08%	1.39%	11.53%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	193,175,435.42	327,141,103.45	59.05%		182,726,095.32	319,326,415.92	57.22%		10,449,340.10	7,814,687.53	1.83%		5.72%	2.45%	3.19%
BDO UNIBANK INC	108,730,967,479.64	185,136,669,326.66	58.73%		105,380,341,817.35	185,113,736,857.29	56.93%		3,350,625,662.29	22,932,469.37	1.80%		3.18%	0.01%	3.17%
PRIDE STAR DEVELOPMENT BANK INC	44,568,521.79	76,005,235.62	58.64%		48,436,040.60	76,005,235.62	63.73%		-3,867,518.81	0.00	-5.09%		-7.98%	0.00%	-7.98%
METRO CEBU PUBLIC SAVINGS BANK	37,609,700.87	68,027,735.48	55.29%		39,002,037.08	68,500,104.35	56.94%		-1,392,336.21	-472,368.87	-1.65%		-3.57%	-0.69%	-2.90%
MERCHANTS SAVINGS & LOAN ASSN INC	270,684,376.66	496,179,980.68	54.55%		267,418,096.99	493,523,295.99	54.19%		3,266,279.67	2,656,684.69	0.37%		1.22%	0.54%	0.68%
1ST VALLEY BANK INC A DEVELOPMENT BANK	682,710,652.79	1,252,106,389.20	54.52%		329,050,423.42	1,210,382,196.66	27.19%		353,660,229.37	41,724,192.54	27.34%		107.48%	3.45%	100.57%
NORTHPOINT DEV'T BANK INC	138,190,978.66	266,512,002.62	51.85%		55,885,120.29	100,391,211.90	55.67%		82,305,858.37	166,120,790.72	-3.82%		147.28%	165.47%	-6.85%
BPI FAMILY SAVINGS BANK INC	11,558,650,824.48	22,735,458,191.17	50.84%		11,047,146,707.37	22,335,159,249.08	49.46%		511,504,117.11	400,298,942.09	1.38%		4.63%	1.79%	2.79%
UNIVERSITY SAVINGS BANK INC	117,911,427.69	253,508,234.04	46.51%		117,129,979.04	252,835,549.78	46.33%		781,448.65	672,684.26	0.19%		0.67%	0.27%	0.40%
UNITED OVERSEAS BANK PHILIPPINES	788,381,954.09	1,866,762,291.57	42.23%		781,345,439.10	1,863,977,182.82	41.92%		7,036,514.99	2,785,108.75	0.31%		0.90%	0.15%	0.75%
MARITIME SAVINGS BANK CORPORATION	30,588,232.64	73,572,495.26	41.58%		32,017,248.36	73,663,715.42	43.46%		-1,429,015.72	-91,220.16	-1.89%		-4.46%	-0.12%	-4.34%
ROBINSONS BANK CORPORATION	2,646,479,881.58	6,390,196,457.35	41.41%		2,597,939,972.81	6,373,125,208.50	40.76%		48,539,908.77	17,071,248.85	0.65%		1.87%	0.27%	1.60%
LIFE SAVINGS BANK INC	27,628,518.39	69,133,232.15	39.96%		24,898,200.83	68,913,232.15	36.13%		2,730,317.56	220,000.00	3.83%		10.97%	0.32%	10.61%
METROPOLITAN BANK & TCO	52,411,948,993.67	132,987,114,473.08	39.41%		52,413,785,800.19	132,768,144,739.17	39.48%		-1,836,806.52	218,969,733.91	-0.07%		0.00%	0.16%	-0.17%
MIZUHO BANK LTD - MANILA BRANCH	1,190,784,038.94	3,061,954,599.06	38.89%		1,232,328,498.13	3,061,967,742.56	40.25%		-41,544,459.19	-13,143.50	-1.36%		-3.37%	0.00%	-3.37%
ASIA UNITED BANK CORPORATION	8,139,292,737.96	21,078,414,942.46	38.61%		8,996,154,890.24	20,970,552,697.19	42.90%		-856,862,152.28	107,862,245.27	-4.28%		-9.52%	0.51%	-9.99%
CHINA BANKING CORP	20,297,121,712.43	52,760,948,691.40	38.47%		12,595,174,805.30	55,639,545,754.45	22.64%		7,701,946,907.13	-2,878,597,063.05	15.83%		61.15%	-5.17%	69.94%
BANK ONE SAVINGS AND TRUST CORP.	211,984,160.84	553,094,853.16	38.33%		213,319,600.78	551,822,853.16	38.66%		-1,335,439.94	1,272,000.00	-0.33%		-0.63%	0.23%	-0.85%
DEVELOPMENT BANK OF THE PHIL	14,971,361,427.51	39,103,324,786.19	38.29%		18,896,041,436.31	39,386,837,772.48	47.98%		-3,924,680,008.80	-283,512,986.29	-9.69%		-20.77%	-0.72%	-20.20%
PAMPANGA DEVELOPMENT BANK	51,340,101.46	136,517,522.94	37.61%		51,745,144.20	135,617,522.94	38.16%		-405,042.74	900,000.00	-0.55%		-0.78%	0.66%	-1.44%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	37,281,530.41	99,828,415.11	37.35%		35,952,483.38	98,619,096.18	36.46%		1,329,047.03	1,209,318.93	0.89%		3.70%	1.23%	2.44%
LAND BANK OF THE PHILIPPINES	22,647,059,221.11	61,120,955,658.78	37.05%		22,928,087,290.64	61,389,487,367.85	37.35%		-281,028,069.53	-268,531,709.07	-0.30%		-1.23%	-0.44%	-0.79%
SAMPAGUITA SAVINGS BANK INC	27,726,248.20	76,799,671.27	36.10%		27,082,340.74	79,236,436.68	34.18%		643,907.46	-2,436,765.41	1.92%		2.38%	-3.08%	5.63%
RIZAL COMM'L BANKING CORP	15,763,241,197.01	46,454,684,294.15	33.93%		16,054,054,472.13	46,548,298,049.14	34.49%		-290,813,275.12	-93,613,754.99	-0.56%		-1.81%	-0.20%	-1.61%
CITYSTATE SAVINGS BANK INC	268,061,232.53	795,382,084.59	33.70%		276,542,035.27	807,518,937.59	34.25%		-8,480,802.74	-12,136,853.00	-0.54%		-3.07%	-1.50%	-1.59%
MAYBANK PHILIPPINES INC	3,674,981,231.13	11,077,507,638.25	33.18%		3,619,517,186.81	11,077,507,638.25	32.67%		55,464,044.32	0.00	0.50%		1.53%	0.00%	1.53%
PHIL TRUST COMPANY	6,461,719,070.99	19,836,721,465.48	32.57%		6,859,501,039.17	19,810,296,465.73	34.63%		-397,781,968.18	26,424,999.75	-2.05%		-5.80%	0.13%	-5.92%
CITY SAVINGS BANK INC	1,536,060,875.90	4,769,689,464.83	32.20%		1,399,290,360.62	4,635,738,401.67	30.18%		136,770,515.28	133,951,063.16	2.02%		9.77%	2.89%	6.69%
FIRST CONSOLIDATED BANK INC (A PDB)	924,668,796.90	2,982,302,937.80	31.01%		988,982,597.47	2,956,857,588.95	33.45%		-64,313,800.57	25,445,348.85	-2.44%		-6.50%	0.86%	-7.30%
OPTIMUM DEVELOPMENT BANK INC	206,161,606.72	762,376,402.31	27.04%		141,298,657.32	762,678,258.50	18.53%		64,862,949.40	-301,856.19	8.52%		45.90%	-0.04%	45.96%
MEGA INT'L COMM'L BANK CO LTD	544,478,715.02	2,046,228,406.05	26.61%		663,231,874.43	2,031,715,034.27	32.64%		-118,753,159.41	14,513,371.78	-6.04%		-17.91%	0.71%	-18.49%
QUEZON COCONUT BANK INC (A THRIFT BANK)	15,663,632.99	59,677,293.64	26.25%		15,934,925.46	59,572,110.23	26.75%		-271,292.47	105,183.41	-0.50%		-1.70%	0.18%	-1.88%
SECURITY BANK CORP	10,469,287,233.26	42,541,741,568.95	24.61%		10,167,459,180.21	42,975,313,448.00	23.66%		301,828,053.05	-433,571,879.05	0.95%		2.97%	-1.01%	4.02%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	2,146,491,053.21	8,762,427,233.01	24.50%		2,523,062,628.67	7,889,093,733.01	31.98%		-376,571,575.46	873,333,500.00	-7.49%		-14.93%	11.07%	-23.40%
BPI DIRECT SAVINGS BANK INC	285,707,733.12	1,177,516,551.52	24.26%		238,005,290.14	1,170,479,190.39	20.33%		47,702,442.98	7,037,361.13	3.93%		20.04%	0.60%	19.33%
MALASIQUI PROGRESSIVE SLB, INC	14,637,194.31	62,204,137.09	23.53%		19,586,917.65	60,514,079.76	32.37%		-4,949,723.34	1,690,057.33	-8.84%		-25.27%	2.79%	-27.30%
CARD SME BANK INC A THRIFT BANK	78,045,017.39	348,925,225.83	22.37%		69,340,820.08	332,405,076.62	20.86%		8,704,197.31	16,520,149.21	1.51%		12.55%	4.97%	7.22%
BANK OF THE PHIL ISLANDS	30,335,008,836.59	136,763,345,583.81	22.18%		34,539,832,626.96	137,181,836,314.78	25.18%		-4,204,823,790.37	-418,490,730.97	-3.00%		-12.17%	-0.31%	-11.91%
TOWER DEVELOPMENT BANK	25,910,133.12	118,943,729.37	21.78%		22,941,723.02	120,807,743.11	18.99%		2,968,410.10	-1,864,013.74	2.79%		12.94%	-1.54%	14.71%
CTBC BANK (PHILIPPINES) CORP	1,476,613,463.03	6,969,123,309.46	21.19%		2,310,153,482.40	6,924,626,850.04	33.36%		-833,540,019.37	44,496,459.42	-12.17%		-36.08%	0.64%	-36.49%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	129,600,615.37	675,836,846.55	19.18%		127,709,138.30	675,771,570.86	18.90%		1,891,477.07	65,275.69	0.28%		1.48%	0.01%	1.47%
BDO PRIVATE BANK, INC.	1,024,058,915.21	5,500,166,777.13	18.62%		2,084,308,876.04	5,493,294,777.13	37.94%		-1,060,249,960.83	6,872,000.00	-19.32%		-50.87%	0.13%	-50.93%
LEMERY SAVINGS & LOAN BANK, INC.	13,810,090.98	75,312,525.58	18.34%		15,707,570.95	75,312,525.58	20.86%		-1,897,479.97	0.00	-2.52%		-12.08%	0.00%	-12.08%
BATAAN SAVINGS AND LOAN BANK	10,404,674.98	62,457,133.46	16.66%		9,986,889.45	73,639,250.93	13.56%		417,785.53	-11,182,117.47	3.10%		4.18%	-15.18%	22.84%
HIYAS BANKING CORPORATION	27,425,812.17	165,280,307.52	16.59%		33,504,066.54	171,038,285.86	19.59%		-6,078,254.37	-5,757,978.34	-3.00%		-18.14%	-3.37%	-15.29%
JP MORGAN CHASE BANK NATIONAL ASSN.	216,934,415.68	1,407,858,625.00	15.41%		46,476,802.16	1,408,029,550.00	3.30%		170,457,613.52	-170,925.00	12.11%		366.76%	-0.01%	366.82%
INTERNATIONALE NEDERLANDEN GROEP BK	363,300,236.89	2,591,276,110.65	14.02%		177,726,478.49	2,551,036,210.20	6.97%		185,573,758.40	40,239,900.45	7.05%		104.42%	1.58%	101.24%
HSBC SAVINGS BANK(PHILS) INC	354,047,261.60	2,574,800,495.39	13.75%		363,314,478.24	2,569,722,105.36	14.14%		-9,267,216.64	5,078,390.03	-0.39%		-2.55%	0.20%	-2.74%
SUN SAVINGS BANK INC	13,623,423.90	112,240,918.96	12.14%		10,997,444.00	111,517,165.49	9.86%		2,625,979.90	723,753.47	2.28%		23.88%	0.65%	23.08%
CENTURY SAVINGS BANK CORPORATION	105,579,662.71	906,301,593.90	11.65%		108,303,445.18	906,301,593.90	11.95%		-2,723,782.47	0.00	-0.30%		-2.51%	0.00%	-2.51%
BDO ELITE SAVINGS BANK INC	86,151,421.70	777,181,365.52	11.09%		86,151,421.70	777,181,365.52	11.09%		0.00	0.00	0.00%		0.00%	0.00%	0.00%
ISLA BANK(A THRIFT BANK) INC	57,428,781.52	652,412,033.66	8.80%		56,137,417.00	652,432,033.66	8.60%		1,291,364.52	-20,000.00	0.20%		2.30%	0.00%	2.30%
PACIFIC ACE SAVINGS BANK INC	4,603,715.00	78,353,791.94	5.88%		4,582,882.52	78,434,891.14	5.84%		20,832.48	-81,099.20	0.03%		0.45%	-0.10%	0.56%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	19,605,350.97	402,110,191.57	4.88%		20,632,700.41	401,892,628.35	5.13%		-1,027,349.44	217,563.22	-0.26%		-4.98%	0.05%	-5.03%
BANGKOK BANK PUBLIC CO LTD	147,769,683.47	3,274,842,739.50	4.51%		66,112,772.79	1,287,476,202.00	5.14%		81,656,910.68	1,987,366,537.50	-0.62%		123.51%	154.36%	-12.13%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	144,272,504.60	4,945,420,166.75	2.92%		118,045,487.31	4,945,420,166.75	2.39%		26,227,017.29	0.00	0.53%		22.22%	0.00%	22.22%
PROGRESS SAVINGS AND LOAN BANK INC	2,427,744.64	83,286,210.25	2.91%		2,519,225.12	83,299,361.10	3.02%		-91,480.48	-13,150.85	-0.11%		-3.63%	-0.02%	-3.62%
BANK OF AMERICA N.A.	24,877,798.22	1,771,441,709.20	1.40%		15,477,274.86	608,396,709.20	2.54%		9,400,523.36	1,163,045,000.00	-1.14%		60.74%	191.17%	-44.80%
BPI GLOBE BANKO INC A SAVINGS BANK	NA	NA	NA		606,468,015.81	579,739,922.26	104.61%		NA	NA	NA		NA	NA	NA
CITIBANK SAVINGS INC	NA	NA	NA		165,549,191.58	976,475,076.84	16.95%		NA	NA	NA		NA	NA	NA
MICROFINANCE MAXIMUM SB INC	NA	NA	NA		57,217,159.58	46,084,119.30	124.16%		NA	NA	NA		NA	NA	NA
Grand Total	671,217,717,430.54	1,148,618,477,790.17	58.44%		676,435,279,075.51	1,137,505,364,153.19	59.47%		-5,217,561,644.97	11,113,113,636.98	-1.03%		-0.77%	0.98%	-1.73%

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 September 30, 2014 and June 30, 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.