In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of September 30, 2014", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 2.89% as of September 30, 2014, is below the historic average of 4.27% for the last thirty years. Despite NPLs being at or near historic lows, some banks still have not adequately provisioned for loan losses. Their NPL Coverage Ratios are below the ideal ratio of 100% and even below the suggested minimum of 80% NPL Coverage Ratio.
As the table below suggests, it seems that around 48 banks (highlighted in yellow) fall into this deficiency.
| Philippine Banking System | |||||
| NPL Coverage Ratio | |||||
| September 30, 2014 | |||||
| Bank | Loan Loss Provisions | Gross NPLs | NPL Coverage Ratio | ||
| BATAAN DEVELOPMENT BANK | 16,310,231.15 | 71,137,540.16 | 22.93% | ||
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 207,334,096.92 | 902,011,403.70 | 22.99% | ||
| PROGRESS SAVINGS AND LOAN BANK INC | 278,991.99 | 1,207,809.04 | 23.10% | ||
| EQUICOM SAVINGS BANK INC | 85,799,601.16 | 356,698,473.09 | 24.05% | ||
| METRO CEBU PUBLIC SAVINGS BANK | 5,182,294.74 | 20,739,588.38 | 24.99% | ||
| NORTHPOINT DEV'T BANK INC | 32,626,356.50 | 121,594,798.43 | 26.83% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 54,898,634.82 | 194,938,216.83 | 28.16% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 85,141,536.43 | 288,404,619.03 | 29.52% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 1,009,814.41 | 3,330,448.37 | 30.32% | ||
| LIFE SAVINGS BANK INC | 2,869,806.08 | 9,403,531.57 | 30.52% | ||
| LUZON DEVELOPMENT BANK | 85,246,042.73 | 278,070,478.36 | 30.66% | ||
| WORLD PARTNERS BANK (A THRIFT BANK) | 58,315,135.85 | 186,102,844.57 | 31.33% | ||
| COMSAVINGS BANK | 60,017,583.39 | 191,248,204.56 | 31.38% | ||
| CENTURY SAVINGS BANK CORPORATION | 12,091,841.55 | 36,165,716.65 | 33.43% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 15,538,217.16 | 45,545,701.47 | 34.12% | ||
| ALLIED SAVINGS BANK | 151,182,757.90 | 414,606,169.75 | 36.46% | ||
| CITYSTATE SAVINGS BANK INC | 37,497,328.95 | 102,664,700.25 | 36.52% | ||
| PLANTERS DEVELOPMENT BANK | 1,209,268,505.48 | 3,224,949,677.84 | 37.50% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 224,337,385.92 | 577,450,943.39 | 38.85% | ||
| CHINA BANK SAVINGS INC | 318,186,776.72 | 791,976,981.61 | 40.18% | ||
| MARITIME SAVINGS BANK CORPORATION | 5,852,557.72 | 13,475,889.24 | 43.43% | ||
| PAMPANGA DEVELOPMENT BANK | 19,175,061.24 | 44,112,193.34 | 43.47% | ||
| DUMAGUETE CITY DEV BANK INC | 17,300,528.04 | 38,450,305.29 | 44.99% | ||
| HIYAS BANKING CORPORATION | 6,830,066.93 | 14,943,655.86 | 45.71% | ||
| BUSINESS AND CONSUMERS BANK (A DB) | 6,807,895.86 | 14,741,449.33 | 46.18% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 39,662,025.14 | 84,129,787.26 | 47.14% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 286,463,527.92 | 602,727,144.09 | 47.53% | ||
| LEGAZPI SAVINGS BANK INC | 175,696,750.59 | 358,997,214.80 | 48.94% | ||
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 13,103,723.55 | 26,522,198.74 | 49.41% | ||
| TOWER DEVELOPMENT BANK | 7,246,943.57 | 14,128,146.31 | 51.29% | ||
| FARMERS SAVINGS & LOAN BANK INC | 28,748,344.32 | 55,076,146.41 | 52.20% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 59,473,510.85 | 106,392,180.30 | 55.90% | ||
| MALASIQUI PROGRESSIVE SLB, INC | 8,160,596.38 | 14,293,443.25 | 57.09% | ||
| MAYBANK PHILIPPINES INC | 903,030,152.09 | 1,576,610,671.13 | 57.28% | ||
| STANDARD CHARTERED BANK | 1,563,147,723.04 | 2,709,206,512.13 | 57.70% | ||
| EAST WEST BANKING CORP | 2,933,109,010.02 | 4,836,469,856.36 | 60.65% | ||
| BANK ONE SAVINGS AND TRUST CORP. | 9,533,602.53 | 15,304,127.53 | 62.29% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 564,406,890.92 | 871,517,086.54 | 64.76% | ||
| RCBC SAVINGS BANK INC | 1,593,628,847.92 | 2,448,630,329.66 | 65.08% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 50,072,039.57 | 76,451,890.54 | 65.49% | ||
| PRIDE STAR DEVELOPMENT BANK INC | 6,090,315.48 | 8,300,262.62 | 73.37% | ||
| SAMPAGUITA SAVINGS BANK INC | 20,096,752.57 | 26,785,290.77 | 75.03% | ||
| PHIL POSTAL SAVINGS BANK INC | 374,122,256.94 | 492,362,764.41 | 75.99% | ||
| UNITED COCONUT PLANTERS BANK | 4,406,329,154.24 | 5,636,880,749.10 | 78.17% | ||
| TONGYANG SAVINGS BANK INC | 88,615,664.32 | 112,567,867.52 | 78.72% | ||
| CORDILLERA SAVINGS BANK INC | 14,763,133.27 | 18,647,760.26 | 79.17% | ||
| INTER-ASIA DEVELOPMENT BANK | 6,835,032.93 | 8,554,783.72 | 79.90% | ||
| CITY SAVINGS BANK INC | 567,785,781.81 | 709,780,523.40 | 79.99% | ||
| VILLAGE BANK INC (A THRIFT BANK) | 17,342,200.42 | 20,965,006.83 | 82.72% | ||
| BATAAN SAVINGS AND LOAN BANK | 2,137,583.98 | 2,502,930.36 | 85.40% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 5,008,824.64 | 5,728,960.87 | 87.43% | ||
| ROBINSONS BANK CORPORATION | 456,711,205.14 | 507,835,084.60 | 89.93% | ||
| PHIL BANK OF COMMUNICATIONS | 1,377,017,428.35 | 1,520,459,210.68 | 90.57% | ||
| THE PALAWAN BANK (PALAWAN DB) INC | 12,921,093.83 | 14,045,823.30 | 91.99% | ||
| BPI FAMILY SAVINGS BANK INC | 4,718,401,272.11 | 5,108,776,708.58 | 92.36% | ||
| SECURITY BANK SAVINGS CORPORATION | 600,748,863.61 | 649,418,868.91 | 92.51% | ||
| SUN SAVINGS BANK INC | 9,074,163.32 | 9,541,892.70 | 95.10% | ||
| PHIL NATIONAL BANK | 10,164,425,526.17 | 10,527,433,340.17 | 96.55% | ||
| BANK OF COMMERCE | 2,844,108,907.43 | 2,820,205,869.67 | 100.85% | ||
| UNITED OVERSEAS BANK PHILIPPINES | 671,508,766.56 | 665,452,236.65 | 100.91% | ||
| DEVELOPMENT BANK OF THE PHIL | 5,861,632,053.27 | 5,808,528,843.60 | 100.91% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 474,856,715.22 | 469,987,187.56 | 101.04% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,237,310,523.61 | 1,219,293,790.10 | 101.48% | ||
| UNION BANK OF THE PHILS | 10,770,009,648.23 | 10,076,556,506.11 | 106.88% | ||
| UCPB SAVINGS BANK | 526,450,598.25 | 475,471,372.29 | 110.72% | ||
| CTBC BANK (PHILIPPINES) CORP | 489,535,143.69 | 439,807,782.14 | 111.31% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 724,501,501.15 | 616,983,187.60 | 117.43% | ||
| PHIL SAVINGS BANK | 4,283,406,877.75 | 3,601,618,439.11 | 118.93% | ||
| RIZAL COMM'L BANKING CORP | 2,751,732,463.02 | 2,143,581,902.58 | 128.37% | ||
| PACIFIC ACE SAVINGS BANK INC | 2,747,624.10 | 2,030,877.00 | 135.29% | ||
| ASIA UNITED BANK CORPORATION | 1,269,388,984.28 | 937,915,220.59 | 135.34% | ||
| UNIVERSITY SAVINGS BANK INC | 41,976,227.15 | 28,498,734.87 | 147.29% | ||
| LAND BANK OF THE PHILIPPINES | 11,144,958,925.41 | 7,477,389,676.01 | 149.05% | ||
| BANK OF THE PHIL ISLANDS | 11,812,909,980.62 | 7,842,038,110.95 | 150.64% | ||
| CHINA BANKING CORP | 6,745,223,114.96 | 4,415,291,462.72 | 152.77% | ||
| PHILIPPINE VETERANS BANK | 1,107,131,906.80 | 703,338,366.80 | 157.41% | ||
| CARD SME BANK INC A THRIFT BANK | 49,352,115.32 | 30,567,692.70 | 161.45% | ||
| MERCHANTS SAVINGS & LOAN ASSN INC | 10,392,306.35 | 6,371,298.43 | 163.11% | ||
| BPI DIRECT SAVINGS BANK INC | 192,581,841.99 | 116,040,563.44 | 165.96% | ||
| BDO UNIBANK INC | 29,140,904,568.08 | 16,992,547,843.11 | 171.49% | ||
| PHIL TRUST COMPANY | 2,035,551,839.11 | 1,104,441,940.64 | 184.31% | ||
| BANGKOK BANK PUBLIC CO LTD | 179,561,062.50 | 87,029,546.70 | 206.32% | ||
| HSBC SAVINGS BANK(PHILS) INC | 100,031,775.99 | 44,015,977.19 | 227.26% | ||
| CITIBANK, N.A. | 7,460,468,783.47 | 2,887,177,872.02 | 258.40% | ||
| SECURITY BANK CORP | 3,124,108,147.73 | 1,106,216,853.17 | 282.41% | ||
| OPTIMUM DEVELOPMENT BANK INC | 44,568,839.06 | 15,721,868.56 | 283.48% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 3,308,123.65 | 1,092,048.97 | 302.93% | ||
| KOREA EXCHANGE BANK | 76,320,936.39 | 23,550,180.50 | 324.08% | ||
| METROPOLITAN BANK & TCO | 11,990,057,174.57 | 2,746,871,596.00 | 436.50% | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 111,155,603.35 | 8,660,895.91 | 1283.42% | ||
| ANZ BANKING GROUP LTD | 323,694,551.65 | 23,339,114.85 | 1386.92% | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 20,134,625.00 | 734,885.22 | 2739.83% | ||
| INTERNATIONALE NEDERLANDEN GROEP BK | 91,276,110.65 | 91.75 | 99483499.35% | ||
| BANK OF AMERICA N.A. | 18,300,004.00 | 4.00 | 457500100.00% | ||
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | NA | ||
| BDO PRIVATE BANK, INC. | 88,546,538.02 | 0.00 | NA | ||
| DEUTSCHE BANK AG | 253,968,682.99 | 0.00 | NA | ||
| ISLA BANK(A THRIFT BANK) INC | 4,290,580.33 | 0.00 | NA | ||
| MEGA INT'L COMM'L BANK CO LTD | 225,119,938.38 | 0.00 | NA | ||
| MIZUHO BANK LTD - MANILA BRANCH | 361,954,599.06 | 0.00 | NA | ||
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 366,210,030.46 | 0.00 | NA | ||
| Grand Total | 152,834,257,730.78 | 122,059,385,743.47 | 125.21% | ||
Source: www.bsp.gov.ph
Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some banks that could eat into a substantial chunk (20% or more) of their Stockholder's Equity. Based on the table below, around 14 banks will be severely affected:
| Philippine Banking System | ||||||||
| Impact on SE of Minimum Loan Loss Provisions | ||||||||
| September 30, 2014 | ||||||||
| Bank | Gross NPLs | Minimum Loan Loss Provisions at 80% NPL Coverage Ratio | Actual Loan Loss Provisions | Excess/Deficit Loan Loss Provisions | Stockholder's Equity | Impact on SE | ||
| COMSAVINGS BANK | 191,248,204.56 | 152,998,563.65 | 60,017,583.39 | -92,980,980.26 | 69,222,748.79 | -134.32% | ||
| WORLD PARTNERS BANK (A THRIFT BANK) | 186,102,844.57 | 148,882,275.66 | 58,315,135.85 | -90,567,139.81 | 78,687,479.68 | -115.10% | ||
| BATAAN DEVELOPMENT BANK | 71,137,540.16 | 56,910,032.13 | 16,310,231.15 | -40,599,800.98 | 70,712,367.08 | -57.42% | ||
| PLANTERS DEVELOPMENT BANK | 3,224,949,677.84 | 2,579,959,742.27 | 1,209,268,505.48 | -1,370,691,236.79 | 2,424,611,329.33 | -56.53% | ||
| STANDARD CHARTERED BANK | 2,709,206,512.13 | 2,167,365,209.70 | 1,563,147,723.04 | -604,217,486.66 | 1,264,872,660.95 | -47.77% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 84,129,787.26 | 67,303,829.81 | 39,662,025.14 | -27,641,804.67 | 73,316,907.70 | -37.70% | ||
| EQUICOM SAVINGS BANK INC | 356,698,473.09 | 285,358,778.47 | 85,799,601.16 | -199,559,177.31 | 550,284,276.11 | -36.26% | ||
| LEGAZPI SAVINGS BANK INC | 358,997,214.80 | 287,197,771.84 | 175,696,750.59 | -111,501,021.25 | 329,305,712.63 | -33.86% | ||
| NORTHPOINT DEV'T BANK INC | 121,594,798.43 | 97,275,838.74 | 32,626,356.50 | -64,649,482.24 | 191,408,301.61 | -33.78% | ||
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 902,011,403.70 | 721,609,122.96 | 207,334,096.92 | -514,275,026.04 | 1,858,320,365.75 | -27.67% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 194,938,216.83 | 155,950,573.46 | 54,898,634.82 | -101,051,938.64 | 378,812,404.40 | -26.68% | ||
| LUZON DEVELOPMENT BANK | 278,070,478.36 | 222,456,382.69 | 85,246,042.73 | -137,210,339.96 | 515,100,329.41 | -26.64% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 602,727,144.09 | 482,181,715.27 | 286,463,527.92 | -195,718,187.35 | 879,633,981.28 | -22.25% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 577,450,943.39 | 461,960,754.71 | 224,337,385.92 | -237,623,368.79 | 1,129,443,108.23 | -21.04% | ||
| METRO CEBU PUBLIC SAVINGS BANK | 20,739,588.38 | 16,591,670.70 | 5,182,294.74 | -11,409,375.96 | 64,097,759.85 | -17.80% | ||
| ALLIED SAVINGS BANK | 414,606,169.75 | 331,684,935.80 | 151,182,757.90 | -180,502,177.90 | 1,048,573,729.56 | -17.21% | ||
| CHINA BANK SAVINGS INC | 791,976,981.61 | 633,581,585.29 | 318,186,776.72 | -315,394,808.57 | 2,236,465,308.59 | -14.10% | ||
| FARMERS SAVINGS & LOAN BANK INC | 55,076,146.41 | 44,060,917.13 | 28,748,344.32 | -15,312,572.81 | 114,330,836.72 | -13.39% | ||
| PAMPANGA DEVELOPMENT BANK | 44,112,193.34 | 35,289,754.67 | 19,175,061.24 | -16,114,693.43 | 126,303,165.96 | -12.76% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 288,404,619.03 | 230,723,695.22 | 85,141,536.43 | -145,582,158.79 | 1,231,270,647.58 | -11.82% | ||
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 26,522,198.74 | 21,217,758.99 | 13,103,723.55 | -8,114,035.44 | 90,647,604.74 | -8.95% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 106,392,180.30 | 85,113,744.24 | 59,473,510.85 | -25,640,233.39 | 295,118,495.89 | -8.69% | ||
| MARITIME SAVINGS BANK CORPORATION | 13,475,889.24 | 10,780,711.39 | 5,852,557.72 | -4,928,153.67 | 63,763,139.24 | -7.73% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 871,517,086.54 | 697,213,669.23 | 564,406,890.92 | -132,806,778.31 | 1,865,596,802.00 | -7.12% | ||
| LIFE SAVINGS BANK INC | 9,403,531.57 | 7,522,825.26 | 2,869,806.08 | -4,653,019.18 | 70,177,045.49 | -6.63% | ||
| CITYSTATE SAVINGS BANK INC | 102,664,700.25 | 82,131,760.20 | 37,497,328.95 | -44,634,431.25 | 700,119,523.27 | -6.38% | ||
| MALASIQUI PROGRESSIVE SLB, INC | 14,293,443.25 | 11,434,754.60 | 8,160,596.38 | -3,274,158.22 | 52,888,957.33 | -6.19% | ||
| DUMAGUETE CITY DEV BANK INC | 38,450,305.29 | 30,760,244.23 | 17,300,528.04 | -13,459,716.19 | 220,596,400.46 | -6.10% | ||
| BUSINESS AND CONSUMERS BANK (A DB) | 14,741,449.33 | 11,793,159.46 | 6,807,895.86 | -4,985,263.60 | 85,888,838.90 | -5.80% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 76,451,890.54 | 61,161,512.43 | 50,072,039.57 | -11,089,472.86 | 217,353,879.81 | -5.10% | ||
| RCBC SAVINGS BANK INC | 2,448,630,329.66 | 1,958,904,263.73 | 1,593,628,847.92 | -365,275,415.81 | 7,193,635,098.07 | -5.08% | ||
| EAST WEST BANKING CORP | 4,836,469,856.36 | 3,869,175,885.09 | 2,933,109,010.02 | -936,066,875.07 | 20,436,978,166.94 | -4.58% | ||
| TOWER DEVELOPMENT BANK | 14,128,146.31 | 11,302,517.05 | 7,246,943.57 | -4,055,573.48 | 116,486,906.49 | -3.48% | ||
| MAYBANK PHILIPPINES INC | 1,576,610,671.13 | 1,261,288,536.90 | 903,030,152.09 | -358,258,384.81 | 10,364,375,304.28 | -3.46% | ||
| HIYAS BANKING CORPORATION | 14,943,655.86 | 11,954,924.69 | 6,830,066.93 | -5,124,857.76 | 158,785,098.12 | -3.23% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 45,545,701.47 | 36,436,561.18 | 15,538,217.16 | -20,898,344.02 | 665,414,631.61 | -3.14% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 3,330,448.37 | 2,664,358.70 | 1,009,814.41 | -1,654,544.29 | 59,595,721.55 | -2.78% | ||
| SAMPAGUITA SAVINGS BANK INC | 26,785,290.77 | 21,428,232.62 | 20,096,752.57 | -1,331,480.05 | 55,199,801.01 | -2.41% | ||
| PHIL POSTAL SAVINGS BANK INC | 492,362,764.41 | 393,890,211.53 | 374,122,256.94 | -19,767,954.59 | 1,010,607,180.71 | -1.96% | ||
| CENTURY SAVINGS BANK CORPORATION | 36,165,716.65 | 28,932,573.32 | 12,091,841.55 | -16,840,731.77 | 925,257,473.56 | -1.82% | ||
| PROGRESS SAVINGS AND LOAN BANK INC | 1,207,809.04 | 966,247.23 | 278,991.99 | -687,255.24 | 83,929,539.02 | -0.82% | ||
| PRIDE STAR DEVELOPMENT BANK INC | 8,300,262.62 | 6,640,210.10 | 6,090,315.48 | -549,894.62 | 74,716,356.94 | -0.74% | ||
| BANK ONE SAVINGS AND TRUST CORP. | 15,304,127.53 | 12,243,302.02 | 9,533,602.53 | -2,709,699.49 | 555,631,269.06 | -0.49% | ||
| UNITED COCONUT PLANTERS BANK | 5,636,880,749.10 | 4,509,504,599.28 | 4,406,329,154.24 | -103,175,445.04 | 21,317,547,899.98 | -0.48% | ||
| TONGYANG SAVINGS BANK INC | 112,567,867.52 | 90,054,294.02 | 88,615,664.32 | -1,438,629.70 | 386,852,858.01 | -0.37% | ||
| CORDILLERA SAVINGS BANK INC | 18,647,760.26 | 14,918,208.21 | 14,763,133.27 | -155,074.94 | 111,027,950.55 | -0.14% | ||
| INTER-ASIA DEVELOPMENT BANK | 8,554,783.72 | 6,843,826.98 | 6,835,032.93 | -8,794.05 | 52,596,011.86 | -0.02% | ||
| CITY SAVINGS BANK INC | 709,780,523.40 | 567,824,418.72 | 567,785,781.81 | -38,636.91 | 5,391,556,126.25 | 0.00% | ||
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | 0.00 | 0.00 | 802,242,615.73 | 0.00% | ||
| BATAAN SAVINGS AND LOAN BANK | 2,502,930.36 | 2,002,344.29 | 2,137,583.98 | 135,239.69 | 63,109,094.36 | 0.21% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 5,728,960.87 | 4,583,168.70 | 5,008,824.64 | 425,655.94 | 73,724,475.80 | 0.58% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,092,048.97 | 873,639.18 | 3,308,123.65 | 2,434,484.47 | 384,204,155.99 | 0.63% | ||
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | 4,290,580.33 | 4,290,580.33 | 653,820,843.86 | 0.66% | ||
| VILLAGE BANK INC (A THRIFT BANK) | 20,965,006.83 | 16,772,005.46 | 17,342,200.42 | 570,194.96 | 74,873,808.38 | 0.76% | ||
| ROBINSONS BANK CORPORATION | 507,835,084.60 | 406,268,067.68 | 456,711,205.14 | 50,443,137.46 | 5,454,367,360.12 | 0.92% | ||
| BANK OF AMERICA N.A. | 4.00 | 3.20 | 18,300,004.00 | 18,300,000.80 | 1,753,141,705.20 | 1.04% | ||
| MERCHANTS SAVINGS & LOAN ASSN INC | 6,371,298.43 | 5,097,038.74 | 10,392,306.35 | 5,295,267.61 | 434,404,037.14 | 1.22% | ||
| SUN SAVINGS BANK INC | 9,541,892.70 | 7,633,514.16 | 9,074,163.32 | 1,440,649.16 | 101,894,305.23 | 1.41% | ||
| PACIFIC ACE SAVINGS BANK INC | 2,030,877.00 | 1,624,701.60 | 2,747,624.10 | 1,122,922.50 | 79,121,330.06 | 1.42% | ||
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | 88,546,538.02 | 88,546,538.02 | 5,614,288,374.61 | 1.58% | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 587,908.18 | 20,134,625.00 | 19,546,716.82 | 1,078,219,324.19 | 1.81% | ||
| PHIL NATIONAL BANK | 10,527,433,340.17 | 8,421,946,672.14 | 10,164,425,526.17 | 1,742,478,854.03 | 88,868,018,988.94 | 1.96% | ||
| RIZAL COMM'L BANKING CORP | 2,143,581,902.58 | 1,714,865,522.06 | 2,751,732,463.02 | 1,036,866,940.96 | 48,794,404,782.06 | 2.12% | ||
| CTBC BANK (PHILIPPINES) CORP | 439,807,782.14 | 351,846,225.71 | 489,535,143.69 | 137,688,917.98 | 6,466,579,841.74 | 2.13% | ||
| PHIL BANK OF COMMUNICATIONS | 1,520,459,210.68 | 1,216,367,368.54 | 1,377,017,428.35 | 160,650,059.81 | 6,833,182,382.81 | 2.35% | ||
| HSBC SAVINGS BANK(PHILS) INC | 44,015,977.19 | 35,212,781.75 | 100,031,775.99 | 64,818,994.24 | 2,649,764,864.08 | 2.45% | ||
| ASIA UNITED BANK CORPORATION | 937,915,220.59 | 750,332,176.47 | 1,269,388,984.28 | 519,056,807.81 | 20,051,790,004.05 | 2.59% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 616,983,187.60 | 493,586,550.08 | 724,501,501.15 | 230,914,951.07 | 7,894,206,774.17 | 2.93% | ||
| DEVELOPMENT BANK OF THE PHIL | 5,808,528,843.60 | 4,646,823,074.88 | 5,861,632,053.27 | 1,214,808,978.39 | 40,726,604,057.76 | 2.98% | ||
| BPI FAMILY SAVINGS BANK INC | 5,108,776,708.58 | 4,087,021,366.86 | 4,718,401,272.11 | 631,379,905.25 | 20,572,953,194.21 | 3.07% | ||
| INTERNATIONALE NEDERLANDEN GROEP BK | 91.75 | 73.40 | 91,276,110.65 | 91,276,037.25 | 2,681,154,441.05 | 3.40% | ||
| BANGKOK BANK PUBLIC CO LTD | 87,029,546.70 | 69,623,637.36 | 179,561,062.50 | 109,937,425.14 | 3,106,292,084.64 | 3.54% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 469,987,187.56 | 375,989,750.05 | 474,856,715.22 | 98,866,965.17 | 2,766,410,575.43 | 3.57% | ||
| BANK OF THE PHIL ISLANDS | 7,842,038,110.95 | 6,273,630,488.76 | 11,812,909,980.62 | 5,539,279,491.86 | 132,317,938,062.36 | 4.19% | ||
| BANK OF COMMERCE | 2,820,205,869.67 | 2,256,164,695.74 | 2,844,108,907.43 | 587,944,211.69 | 13,769,767,063.00 | 4.27% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,219,293,790.10 | 975,435,032.08 | 1,237,310,523.61 | 261,875,491.53 | 6,132,159,720.03 | 4.27% | ||
| OPTIMUM DEVELOPMENT BANK INC | 15,721,868.56 | 12,577,494.85 | 44,568,839.06 | 31,991,344.21 | 721,547,909.23 | 4.43% | ||
| UNIVERSITY SAVINGS BANK INC | 28,498,734.87 | 22,798,987.90 | 41,976,227.15 | 19,177,239.25 | 404,096,486.79 | 4.75% | ||
| SECURITY BANK CORP | 1,106,216,853.17 | 884,973,482.54 | 3,124,108,147.73 | 2,239,134,665.19 | 45,954,032,891.93 | 4.87% | ||
| UCPB SAVINGS BANK | 475,471,372.29 | 380,377,097.83 | 526,450,598.25 | 146,073,500.42 | 2,886,382,931.52 | 5.06% | ||
| PHIL TRUST COMPANY | 1,104,441,940.64 | 883,553,552.51 | 2,035,551,839.11 | 1,151,998,286.60 | 21,518,546,940.85 | 5.35% | ||
| THE PALAWAN BANK (PALAWAN DB) INC | 14,045,823.30 | 11,236,658.64 | 12,921,093.83 | 1,684,435.19 | 30,345,719.66 | 5.55% | ||
| UNION BANK OF THE PHILS | 10,076,556,506.11 | 8,061,245,204.89 | 10,770,009,648.23 | 2,708,764,443.34 | 44,068,813,643.34 | 6.15% | ||
| CHINA BANKING CORP | 4,415,291,462.72 | 3,532,233,170.18 | 6,745,223,114.96 | 3,212,989,944.78 | 50,506,800,932.44 | 6.36% | ||
| LAND BANK OF THE PHILIPPINES | 7,477,389,676.01 | 5,981,911,740.81 | 11,144,958,925.41 | 5,163,047,184.60 | 72,083,156,068.63 | 7.16% | ||
| METROPOLITAN BANK & TCO | 2,746,871,596.00 | 2,197,497,276.80 | 11,990,057,174.57 | 9,792,559,897.77 | 134,461,065,936.80 | 7.28% | ||
| CARD SME BANK INC A THRIFT BANK | 30,567,692.70 | 24,454,154.16 | 49,352,115.32 | 24,897,961.16 | 340,293,067.27 | 7.32% | ||
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | 366,210,030.46 | 366,210,030.46 | 4,687,098,603.10 | 7.81% | ||
| SECURITY BANK SAVINGS CORPORATION | 649,418,868.91 | 519,535,095.13 | 600,748,863.61 | 81,213,768.48 | 1,033,570,802.58 | 7.86% | ||
| BPI DIRECT SAVINGS BANK INC | 116,040,563.44 | 92,832,450.75 | 192,581,841.99 | 99,749,391.24 | 1,175,988,987.06 | 8.48% | ||
| PHIL SAVINGS BANK | 3,601,618,439.11 | 2,881,294,751.29 | 4,283,406,877.75 | 1,402,112,126.46 | 16,413,147,642.23 | 8.54% | ||
| ANZ BANKING GROUP LTD | 23,339,114.85 | 18,671,291.88 | 323,694,551.65 | 305,023,259.77 | 3,388,247,532.70 | 9.00% | ||
| BDO UNIBANK INC | 16,992,547,843.11 | 13,594,038,274.49 | 29,140,904,568.08 | 15,546,866,293.59 | 172,404,002,715.04 | 9.02% | ||
| PHILIPPINE VETERANS BANK | 703,338,366.80 | 562,670,693.44 | 1,107,131,906.80 | 544,461,213.36 | 5,888,234,118.73 | 9.25% | ||
| KOREA EXCHANGE BANK | 23,550,180.50 | 18,840,144.40 | 76,320,936.39 | 57,480,791.99 | 582,440,130.65 | 9.87% | ||
| UNITED OVERSEAS BANK PHILIPPINES | 665,452,236.65 | 532,361,789.32 | 671,508,766.56 | 139,146,977.24 | 1,269,546,429.94 | 10.96% | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,660,895.91 | 6,928,716.73 | 111,155,603.35 | 104,226,886.62 | 929,613,700.63 | 11.21% | ||
| MEGA INT'L COMM'L BANK CO LTD | 0.00 | 0.00 | 225,119,938.38 | 225,119,938.38 | 1,977,544,129.71 | 11.38% | ||
| DEUTSCHE BANK AG | 0.00 | 0.00 | 253,968,682.99 | 253,968,682.99 | 2,031,004,038.17 | 12.50% | ||
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 0.00 | 361,954,599.06 | 361,954,599.06 | 2,757,822,859.05 | 13.12% | ||
| CITIBANK, N.A. | 2,887,177,872.02 | 2,309,742,297.62 | 7,460,468,783.47 | 5,150,726,485.85 | 7,491,778,601.40 | 68.75% | ||
| Grand Total | 122,059,385,743.47 | 97,647,508,594.78 | 152,834,257,730.78 | 55,186,749,136.00 | 1,102,460,878,588.80 | 5.01% | ||
Source: www.bsp.gov.ph
Out of the 14 banks highlighted in yellow, 9 banks have been regularly listed as one of the"The Top Distressed Philippine Banks as of September 30, 2014".
Both Comsavings Bank and World Partners Bank would need to recapitalize the bank by more than 100% if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%.
Planters Development Bank faces a shortfall of 56.53% of its stated stockholders equity of Php 2.425 billion if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%. Planters nearly failed in the last half of 2013 but was rescued when it was acquired by China Banking Corporation, a much healthier bank, for Php 1.863 billion last September 18, 2013. This represents a 40% discount to Planters stated book value of Php 3.133 billion as of September 30, 2013 or a 41% premium to their actual book value of Php 1.323 billion (after subtracting for unbooked losses/deferred charges). For more information regarding this, please read a previous blog post: "The Near Death Experience of Planters Development Bank".
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