Editor's Note: For the purposes of this article, Philippine Banks or the Philippine Banking System refers to the Philippine Commercial and Universal Banking System and the Philippine Thrift Banking System. We are ignoring the Philippine Rural and Cooperative Banking Sytem whose asset base is tiny in comparison to the whole banking system (Php 218.382 billion or 1.96% of the Php 11,168.982 billion in assets held in the Philippine Banking System as of December 31, 2014).
In an April 9, 2012 article entitled "Stress Test Proves Strength of PH Banks", "Philippine banks are seen to survive a disaster in which the various lenders are forced to write off loans as large as PhP 36 billion without asking shareholders, the central bank, or the national government for bailout money." This assertion stems from a recent stress test conducted by the Bangko Sentral ng Pilipinas (BSP) on all 55 regular and commercial and expanded license banks.
For Philippine Banks, these NPLs currently comprise PhP 118.019 billion or 9.87% of the PhP 1,195.925 billion in Stockholders Equity (SE) as of December 31, 2014. So, writing off 50% of the Philippine Banks NPLs would reduce their aggregate stockholders equity by a little less than 5%.
Naturally, some banks would be more affected than others. (Weak banks are highlighted in yellow. Failed banks are highlighted in red. For more information regarding this, please read "The Top Distressed Philippine Banks as of December 31, 2014").
The stockholder's equity of one bank, Comsavings Bank would be completely wiped out. Eight other banks would be severely affected. These banks are: Opportunity Kauswagan Bank Inc (97.03% decline in SE), World Partners Bank (77.64% decline in SE), Planters Development Bank (68.24% decline in SE), Legazpi Savings Bank (65.02% decline in SE), Bataan Development Bank (52.83% decline in SE), Malayan Bank Savings and Mortgage Bank (32.89% decline in SE), Security Bank Savings Corporation (30.27% decline in SE), Northpoint Development Bank (30.26% decline in SE).
Philippine Banking System | |||
NPL as % of SE | |||
December 31, 2014 | |||
NPL | SE | NPL/SE | |
Bank | (In PHP) | (In PHP) | (In %) |
COMSAVINGS BANK | 191,248,204.56 | 51,557,430.04 | 370.94% |
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 108,578,097.44 | 55,948,645.14 | 194.07% |
WORLD PARTNERS BANK (A THRIFT BANK) | 125,221,140.33 | 80,643,986.91 | 155.28% |
PLANTERS DEVELOPMENT BANK | 2,986,078,255.90 | 2,187,804,734.29 | 136.49% |
LEGAZPI SAVINGS BANK INC | 396,005,098.56 | 304,192,760.13 | 130.18% |
BATAAN DEVELOPMENT BANK | 75,627,159.93 | 71,576,468.39 | 105.66% |
MALAYAN BANK SAVINGS AND MORT BANK INC | 637,584,938.74 | 969,251,350.17 | 65.78% |
SECURITY BANK SAVINGS CORPORATION | 650,408,422.57 | 1,074,321,783.93 | 60.54% |
NORTHPOINT DEV'T BANK INC | 114,135,388.27 | 188,592,014.32 | 60.52% |
EQUICOM SAVINGS BANK INC | 388,602,197.37 | 667,176,129.84 | 58.25% |
LUZON DEVELOPMENT BANK | 297,480,192.36 | 523,936,166.23 | 56.78% |
FARMERS SAVINGS & LOAN BANK INC | 59,842,676.39 | 107,747,607.25 | 55.54% |
PHIL POSTAL SAVINGS BANK INC | 527,067,640.97 | 975,558,653.14 | 54.03% |
UNITED OVERSEAS BANK PHILIPPINES | 665,442,006.65 | 1,289,507,257.01 | 51.60% |
THE PALAWAN BANK (PALAWAN DB) INC | 14,496,773.68 | 32,294,845.89 | 44.89% |
SAMPAGUITA SAVINGS BANK INC | 24,560,366.62 | 55,352,039.07 | 44.37% |
WEALTH DEVELOPMENT BANK CORPORATION | 183,529,436.71 | 413,815,470.23 | 44.35% |
STERLING BANK OF ASIA INC (A SAVINGS BANK) | 929,883,309.51 | 2,117,064,844.85 | 43.92% |
PAMPANGA DEVELOPMENT BANK | 53,348,257.64 | 123,946,940.03 | 43.04% |
1ST VALLEY BANK INC A DEVELOPMENT BANK | 515,249,846.22 | 1,220,634,654.64 | 42.21% |
STANDARD CHARTERED BANK | 2,547,665,279.70 | 6,135,671,499.22 | 41.52% |
ENTERPRISE BANK INC (A THRIFT BANK) | 96,877,675.31 | 241,377,373.20 | 40.14% |
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 114,286,992.86 | 288,584,995.92 | 39.60% |
VILLAGE BANK INC (A THRIFT BANK) | 28,089,103.74 | 74,568,904.10 | 37.67% |
MARITIME SAVINGS BANK CORPORATION | 22,442,294.91 | 63,570,191.70 | 35.30% |
TONGYANG SAVINGS BANK INC | 119,770,252.32 | 380,519,964.95 | 31.48% |
RCBC SAVINGS BANK INC | 2,347,905,349.52 | 8,169,102,935.60 | 28.74% |
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 26,681,234.39 | 93,527,563.09 | 28.53% |
UNITED COCONUT PLANTERS BANK | 5,416,218,477.28 | 19,085,612,213.74 | 28.38% |
PHILIPPINE VETERANS BANK | 1,643,267,349.87 | 5,957,168,770.43 | 27.58% |
EAST WEST BANKING CORP | 5,576,281,317.76 | 20,745,696,557.09 | 26.88% |
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 500,503,576.05 | 1,938,330,419.80 | 25.82% |
CHINA BANK SAVINGS INC | 662,261,289.23 | 2,636,463,097.36 | 25.12% |
UCPB SAVINGS BANK | 472,269,678.32 | 1,989,871,530.52 | 23.73% |
CITIBANK, N.A. | 3,126,649,482.40 | 13,410,800,271.40 | 23.31% |
PHIL SAVINGS BANK | 3,865,493,882.61 | 16,681,173,735.63 | 23.17% |
BPI FAMILY SAVINGS BANK INC | 4,890,790,457.85 | 21,878,039,272.60 | 22.35% |
PRODUCERS SAVINGS BANK CORPORATION | 269,904,315.20 | 1,294,255,217.82 | 20.85% |
MALASIQUI PROGRESSIVE SLB, INC | 10,389,393.25 | 53,734,817.35 | 19.33% |
PHIL BANK OF COMMUNICATIONS | 1,586,752,249.52 | 8,229,622,845.02 | 19.28% |
UNION BANK OF THE PHILS | 9,906,489,975.31 | 51,917,273,142.12 | 19.08% |
METRO CEBU PUBLIC SAVINGS BANK | 11,494,835.36 | 62,954,893.13 | 18.26% |
DUMAGUETE CITY DEV BANK INC | 41,174,656.59 | 232,313,049.70 | 17.72% |
BANK OF COMMERCE | 2,574,468,973.68 | 15,588,633,047.75 | 16.52% |
BUSINESS AND CONSUMERS BANK (A DB) | 13,926,629.29 | 84,786,025.62 | 16.43% |
FIRST CONSOLIDATED BANK INC (A PDB) | 464,360,958.42 | 2,863,758,672.50 | 16.22% |
INTER-ASIA DEVELOPMENT BANK | 8,624,018.49 | 53,229,095.13 | 16.20% |
CORDILLERA SAVINGS BANK INC | 17,383,076.12 | 116,139,748.78 | 14.97% |
MAYBANK PHILIPPINES INC | 1,482,039,353.94 | 10,427,672,613.35 | 14.21% |
LIFE SAVINGS BANK INC | 9,393,674.72 | 71,318,816.97 | 13.17% |
DEVELOPMENT BANK OF THE PHIL | 5,514,108,975.79 | 42,653,844,817.96 | 12.93% |
BPI DIRECT SAVINGS BANK INC | 160,442,838.35 | 1,257,488,906.14 | 12.76% |
PHIL STAR DEVELOPMENT BANK INC | 8,288,381.02 | 75,863,517.57 | 10.93% |
PHIL NATIONAL BANK | 9,920,812,722.51 | 91,074,332,529.79 | 10.89% |
TOWER DEVELOPMENT BANK | 12,823,403.45 | 119,813,934.58 | 10.70% |
ROBINSONS BANK CORPORATION | 544,355,086.03 | 5,621,867,397.15 | 9.68% |
HONGKONG & SHANGHAI BANKING CORP | 1,326,767,656.33 | 14,233,431,377.81 | 9.32% |
LAND BANK OF THE PHILIPPINES | 6,821,304,507.20 | 75,234,783,027.35 | 9.07% |
SUN SAVINGS BANK INC | 9,255,437.42 | 103,480,637.71 | 8.94% |
CITY SAVINGS BANK INC | 531,068,678.18 | 5,971,597,899.22 | 8.89% |
BDO UNIBANK INC | 15,898,690,558.16 | 179,059,857,129.42 | 8.88% |
HIYAS BANKING CORPORATION | 13,458,793.88 | 163,812,636.61 | 8.22% |
LEMERY SAVINGS & LOAN BANK, INC. | 6,183,105.10 | 75,527,595.02 | 8.19% |
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 621,409,966.16 | 8,128,989,824.54 | 7.64% |
CHINA BANKING CORP | 3,956,317,691.92 | 52,562,931,995.96 | 7.53% |
CARD SME BANK INC A THRIFT BANK | 28,119,896.47 | 380,897,597.73 | 7.38% |
CTBC BANK (PHILIPPINES) CORP | 446,996,685.64 | 6,517,843,338.80 | 6.86% |
UNIVERSITY SAVINGS BANK INC | 26,945,351.73 | 396,019,827.49 | 6.80% |
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 41,828,094.46 | 665,066,001.89 | 6.29% |
BANK OF THE PHIL ISLANDS | 7,351,999,296.85 | 138,558,330,200.82 | 5.31% |
PHIL TRUST COMPANY | 1,114,639,478.98 | 23,149,137,314.30 | 4.82% |
RIZAL COMM'L BANKING CORP | 2,139,606,438.85 | 52,906,032,378.78 | 4.04% |
CENTURY SAVINGS BANK CORPORATION | 35,860,740.62 | 926,046,140.29 | 3.87% |
BATAAN SAVINGS AND LOAN BANK | 2,344,022.09 | 62,701,719.89 | 3.74% |
QUEZON COCONUT BANK INC (A THRIFT BANK) | 2,228,732.89 | 60,384,885.53 | 3.69% |
ALLIED SAVINGS BANK | 402,721,413.68 | 11,051,756,508.35 | 3.64% |
HSBC SAVINGS BANK(PHILS) INC | 78,330,181.73 | 2,153,204,490.35 | 3.64% |
BANK ONE SAVINGS AND TRUST CORP. | 15,304,127.53 | 559,078,408.27 | 2.74% |
OPTIMUM DEVELOPMENT BANK INC | 19,293,633.32 | 742,754,108.09 | 2.60% |
SECURITY BANK CORP | 1,180,934,434.60 | 46,752,054,373.79 | 2.53% |
ASIA UNITED BANK CORPORATION | 460,714,804.30 | 20,067,313,151.29 | 2.30% |
KOREA EXCHANGE BANK | 23,550,179.88 | 1,309,725,034.11 | 1.80% |
MERCHANTS SAVINGS & LOAN ASSN INC | 7,516,719.70 | 432,072,361.75 | 1.74% |
METROPOLITAN BANK & TCO | 2,456,299,278.71 | 143,782,847,507.06 | 1.71% |
PROGRESS SAVINGS AND LOAN BANK INC | 1,266,509.04 | 83,525,324.63 | 1.52% |
ANZ BANKING GROUP LTD | 23,339,114.85 | 4,329,270,268.11 | 0.54% |
BANK OF CHINA LIMITED-MANILA BRANCH | 8,660,895.91 | 2,694,837,350.55 | 0.32% |
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,092,048.97 | 373,732,861.42 | 0.29% |
BANGKOK BANK PUBLIC CO LTD | 4,714,155.55 | 3,117,972,365.47 | 0.15% |
JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 1,481,859,799.42 | 0.05% |
INTERNATIONALE NEDERLANDEN GROEP BK | 91.44 | 11,960,468,678.96 | 0.00% |
BANK OF AMERICA N.A. | 4.00 | 2,096,061,205.20 | 0.00% |
BDO ELITE SAVINGS BANK INC | 0.00 | 801,631,814.12 | 0.00% |
BDO PRIVATE BANK, INC. | 0.00 | 5,788,757,390.89 | 0.00% |
DEUTSCHE BANK AG | 0.00 | 2,819,574,200.68 | 0.00% |
ISLA BANK(A THRIFT BANK) INC | 0.00 | 657,505,825.66 | 0.00% |
MEGA INT'L COMM'L BANK CO LTD | 0.00 | 2,033,655,487.53 | 0.00% |
MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 2,780,650,478.67 | 0.00% |
THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,817,817,299.22 | 0.00% |
Grand Total | 118,018,574,232.94 | 1,195,924,903,989.03 | 9.87% |
Are NPLs the Right Numbers to Look At?
In a financial crisis, a loan that is current can very well become past due, and a past due loan can become a non-performing loan, and a non-performing loan can become a loan write-off. The real number to look at are the loans that the banks and BSP already consider doubtful: Classified Loans.
Investopedia.com defines "Classified Loans" as:
"Any bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, and it is unclear whether the bank will be able to recoup the loan proceeds from the borrower. Banks usually categorize such loans as adversely classified assets on their books."
The US Federal Deposit Insurance Corporation (FDIC), similar to our very own Philippine Deposit Insurance Corporation (PDIC), defines Classified Loans as:
"Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future."
In a financial crisis, a loan that is current can very well become past due, and a past due loan can become a non-performing loan, and a non-performing loan can become a loan write-off. The real number to look at are the loans that the banks and BSP already consider doubtful: Classified Loans.
Investopedia.com defines "Classified Loans" as:
"Any bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, and it is unclear whether the bank will be able to recoup the loan proceeds from the borrower. Banks usually categorize such loans as adversely classified assets on their books."
The US Federal Deposit Insurance Corporation (FDIC), similar to our very own Philippine Deposit Insurance Corporation (PDIC), defines Classified Loans as:
"Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future."
In Circular #0247 dated May 19, 2000, BSP defines Classified Loans as loans which possess the following characteristics:
- Loans especially mentioned because they have potential weaknesses that deserve Management's close attention;
- Substandard Loans are loans which appear to involve a substantial and unreasonable degree of risk to the institution because of unfavorable record or unsatisfactory characteristics;
- Doubtful Loans are Substandard Loans with the added characteristics that existing facts, conditions, and values make collection or liquidation in full highly improbable and in which substantial loss is probable;
- Loss are loans that are considered uncollectible or worthless and are of such little value that their continuance as bankable assets is not warranted although the loans may have some recovery or salvage value.
- Loans Especially Mentioned: 5%
- Substandard - Secured: 6% - 25%
- Substandard - Unsecured: 25%
- Doubtful: 50%
- Loss: 100%
Philippine Banking System | |||
Classified Loans vs. NPLs | |||
December 31, 2014 | |||
Classified Loans | NPL | Classified Loans/NPL | |
Bank | (In PHP) | (In PHP) | (In %) |
BANK OF AMERICA N.A. | 5,614,000.00 | 4.00 | 140350000.00% |
INTERNATIONALE NEDERLANDEN GROEP BK | 45,000,000.00 | 91.44 | 49212598.43% |
BANK OF CHINA LIMITED-MANILA BRANCH | 9,509,052,093.62 | 8,660,895.91 | 109792.94% |
VILLAGE BANK INC (A THRIFT BANK) | 607,541,534.70 | 28,089,103.74 | 2162.91% |
KOREA EXCHANGE BANK | 438,755,034.40 | 23,550,179.88 | 1863.06% |
INTER-ASIA DEVELOPMENT BANK | 155,963,527.82 | 8,624,018.49 | 1808.48% |
BUSINESS AND CONSUMERS BANK (A DB) | 232,042,405.15 | 13,926,629.29 | 1666.18% |
BANK ONE SAVINGS AND TRUST CORP. | 197,259,605.34 | 15,304,127.53 | 1288.93% |
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 13,972,461.61 | 1,092,048.97 | 1279.47% |
BANK OF COMMERCE | 28,940,752,164.13 | 2,574,468,973.68 | 1124.14% |
OPTIMUM DEVELOPMENT BANK INC | 183,651,985.42 | 19,293,633.32 | 951.88% |
CITIBANK, N.A. | 26,181,219,000.00 | 3,126,649,482.40 | 837.36% |
ASIA UNITED BANK CORPORATION | 3,822,595,852.64 | 460,714,804.30 | 829.71% |
METROPOLITAN BANK & TCO | 17,712,213,616.84 | 2,456,299,278.71 | 721.09% |
COMSAVINGS BANK | 1,275,879,789.57 | 191,248,204.56 | 667.13% |
QUEZON COCONUT BANK INC (A THRIFT BANK) | 14,810,566.74 | 2,228,732.89 | 664.53% |
SECURITY BANK CORP | 7,002,000,000.00 | 1,180,934,434.60 | 592.92% |
PHIL STAR DEVELOPMENT BANK INC | 43,519,666.20 | 8,288,381.02 | 525.07% |
CORDILLERA SAVINGS BANK INC | 80,200,762.87 | 17,383,076.12 | 461.37% |
PHIL TRUST COMPANY | 5,084,762,000.00 | 1,114,639,478.98 | 456.18% |
UCPB SAVINGS BANK | 2,148,055,252.56 | 472,269,678.32 | 454.84% |
DUMAGUETE CITY DEV BANK INC | 186,850,000.00 | 41,174,656.59 | 453.80% |
RIZAL COMM'L BANKING CORP | 9,242,435,747.62 | 2,139,606,438.85 | 431.97% |
PHIL NATIONAL BANK | 41,910,407,357.50 | 9,920,812,722.51 | 422.45% |
RCBC SAVINGS BANK INC | 9,760,813,000.00 | 2,347,905,349.52 | 415.72% |
UNIVERSITY SAVINGS BANK INC | 105,317,372.88 | 26,945,351.73 | 390.86% |
UNITED COCONUT PLANTERS BANK | 20,225,000,000.00 | 5,416,218,477.28 | 373.42% |
BDO UNIBANK INC | 57,717,404,126.37 | 15,898,690,558.16 | 363.03% |
PHIL SAVINGS BANK | 13,846,583,703.67 | 3,865,493,882.61 | 358.21% |
METRO CEBU PUBLIC SAVINGS BANK | 38,747,392.46 | 11,494,835.36 | 337.09% |
CENTURY SAVINGS BANK CORPORATION | 112,634,352.97 | 35,860,740.62 | 314.09% |
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,548,739,775.27 | 500,503,576.05 | 309.44% |
CHINA BANKING CORP | 12,055,468,033.41 | 3,956,317,691.92 | 304.71% |
ROBINSONS BANK CORPORATION | 1,506,082,604.60 | 544,355,086.03 | 276.67% |
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 108,947,815.93 | 41,828,094.46 | 260.47% |
LAND BANK OF THE PHILIPPINES | 17,585,203,179.24 | 6,821,304,507.20 | 257.80% |
HSBC SAVINGS BANK(PHILS) INC | 201,467,107.50 | 78,330,181.73 | 257.20% |
LIFE SAVINGS BANK INC | 22,085,124.56 | 9,393,674.72 | 235.11% |
BANK OF THE PHIL ISLANDS | 16,342,280,040.41 | 7,351,999,296.85 | 222.28% |
PHILIPPINE VETERANS BANK | 3,618,777,847.81 | 1,643,267,349.87 | 220.22% |
STERLING BANK OF ASIA INC (A SAVINGS BANK) | 2,046,671,000.00 | 929,883,309.51 | 220.10% |
LEGAZPI SAVINGS BANK INC | 852,505,000.00 | 396,005,098.56 | 215.28% |
MALAYAN BANK SAVINGS AND MORT BANK INC | 1,354,955,739.15 | 637,584,938.74 | 212.51% |
UNION BANK OF THE PHILS | 21,006,811,707.70 | 9,906,489,975.31 | 212.05% |
FARMERS SAVINGS & LOAN BANK INC | 119,312,367.95 | 59,842,676.39 | 199.38% |
TONGYANG SAVINGS BANK INC | 231,837,380.12 | 119,770,252.32 | 193.57% |
PRODUCERS SAVINGS BANK CORPORATION | 515,374,563.51 | 269,904,315.20 | 190.95% |
BPI FAMILY SAVINGS BANK INC | 8,746,218,459.50 | 4,890,790,457.85 | 178.83% |
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,085,632,000.00 | 621,409,966.16 | 174.70% |
CHINA BANK SAVINGS INC | 1,141,924,295.74 | 662,261,289.23 | 172.43% |
MARITIME SAVINGS BANK CORPORATION | 38,109,396.12 | 22,442,294.91 | 169.81% |
SECURITY BANK SAVINGS CORPORATION | 1,079,750,387.07 | 650,408,422.57 | 166.01% |
PLANTERS DEVELOPMENT BANK | 4,747,003,067.91 | 2,986,078,255.90 | 158.97% |
ANZ BANKING GROUP LTD | 36,688,984.00 | 23,339,114.85 | 157.20% |
DEVELOPMENT BANK OF THE PHIL | 8,452,871,926.55 | 5,514,108,975.79 | 153.30% |
PHIL POSTAL SAVINGS BANK INC | 759,509,189.27 | 527,067,640.97 | 144.10% |
PROGRESS SAVINGS AND LOAN BANK INC | 1,812,739.58 | 1,266,509.04 | 143.13% |
FIRST CONSOLIDATED BANK INC (A PDB) | 654,663,167.77 | 464,360,958.42 | 140.98% |
EQUICOM SAVINGS BANK INC | 545,348,680.48 | 388,602,197.37 | 140.34% |
EAST WEST BANKING CORP | 7,615,607,113.89 | 5,576,281,317.76 | 136.57% |
BATAAN DEVELOPMENT BANK | 102,400,000.00 | 75,627,159.93 | 135.40% |
ALLIED SAVINGS BANK | 535,797,631.00 | 402,721,413.68 | 133.04% |
MAYBANK PHILIPPINES INC | 1,930,981,465.77 | 1,482,039,353.94 | 130.29% |
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 146,038,818.36 | 114,286,992.86 | 127.78% |
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 33,370,605.96 | 26,681,234.39 | 125.07% |
BPI DIRECT SAVINGS BANK INC | 200,372,553.21 | 160,442,838.35 | 124.89% |
CITY SAVINGS BANK INC | 653,318,360.68 | 531,068,678.18 | 123.02% |
WORLD PARTNERS BANK (A THRIFT BANK) | 151,808,295.72 | 125,221,140.33 | 121.23% |
UNITED OVERSEAS BANK PHILIPPINES | 766,989,825.63 | 665,442,006.65 | 115.26% |
LEMERY SAVINGS & LOAN BANK, INC. | 6,519,075.45 | 6,183,105.10 | 105.43% |
SAMPAGUITA SAVINGS BANK INC | 25,376,821.97 | 24,560,366.62 | 103.32% |
CTBC BANK (PHILIPPINES) CORP | 457,990,245.48 | 446,996,685.64 | 102.46% |
BANGKOK BANK PUBLIC CO LTD | 4,714,155.55 | 4,714,155.55 | 100.00% |
BATAAN SAVINGS AND LOAN BANK | 2,344,022.09 | 2,344,022.09 | 100.00% |
HIYAS BANKING CORPORATION | 13,458,793.88 | 13,458,793.88 | 100.00% |
JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 734,885.22 | 100.00% |
MALASIQUI PROGRESSIVE SLB, INC | 10,389,393.25 | 10,389,393.25 | 100.00% |
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 108,578,097.44 | 108,578,097.44 | 100.00% |
TOWER DEVELOPMENT BANK | 12,823,403.45 | 12,823,403.45 | 100.00% |
STANDARD CHARTERED BANK | 2,499,313,722.00 | 2,547,665,279.70 | 98.10% |
PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 53,348,257.64 | 88.84% |
LUZON DEVELOPMENT BANK | 249,479,818.16 | 297,480,192.36 | 83.86% |
SUN SAVINGS BANK INC | 7,157,622.08 | 9,255,437.42 | 77.33% |
HONGKONG & SHANGHAI BANKING CORP | 743,056,666.30 | 1,326,767,656.33 | 56.01% |
WEALTH DEVELOPMENT BANK CORPORATION | 77,899,031.54 | 183,529,436.71 | 42.44% |
PHIL BANK OF COMMUNICATIONS | 32,437,945.23 | 1,586,752,249.52 | 2.04% |
1ST VALLEY BANK INC A DEVELOPMENT BANK | 0.00 | 515,249,846.22 | 0.00% |
CARD SME BANK INC A THRIFT BANK | 0.00 | 28,119,896.47 | 0.00% |
ENTERPRISE BANK INC (A THRIFT BANK) | 0.00 | 96,877,675.31 | 0.00% |
MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 7,516,719.70 | 0.00% |
NORTHPOINT DEV'T BANK INC | 0.00 | 114,135,388.27 | 0.00% |
THE PALAWAN BANK (PALAWAN DB) INC | 0.00 | 14,496,773.68 | 0.00% |
BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | NA |
BDO PRIVATE BANK, INC. | 709,747,747.91 | 0.00 | NA |
DEUTSCHE BANK AG | 1,831,038,328.06 | 0.00 | NA |
ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | NA |
MEGA INT'L COMM'L BANK CO LTD | 618,691,383.20 | 0.00 | NA |
MIZUHO BANK LTD - MANILA BRANCH | 408,855,536.76 | 0.00 | NA |
THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | NA |
Grand Total | 383,251,791,655.10 | 118,018,574,232.94 | 324.74% |
This level of classified loans should be measured against the bank's "capital cushion" or its ability to absorb losses. Capital Cushion is normally defined as a bank's "Tangible Common Equity" plus its Loan Loss Reserves. Tangible Common Equity (TCE) refers to the subset of shareholders' equity that is not preferred equity and not intangible assets. So it excludes such items as Hybrid equity (like preferred shares) and goodwill.
By this measure, the level of "Classified Loans and other Risky Assets" amounts to 31.62% of the Php 1.212 trillion in Total Capital Cushion of Philippine Banks as of December 31, 2014.
By this measure, the level of "Classified Loans and other Risky Assets" amounts to 31.62% of the Php 1.212 trillion in Total Capital Cushion of Philippine Banks as of December 31, 2014.
Philippine Banking System | |||
Classified Loans as % of Total Capital Cushion | |||
December 31, 2014 | |||
Classified Loans | Total Capital Cushion | Classified Loans/Total Capital Cushion | |
Bank | (In Php) | (In Php) | (In %) |
COMSAVINGS BANK | 1,275,879,789.57 | 2,295,192.29 | 55589.23% |
LEGAZPI SAVINGS BANK INC | 852,505,000.00 | 99,376,544.76 | 857.85% |
VILLAGE BANK INC (A THRIFT BANK) | 607,541,534.70 | 87,436,393.60 | 694.84% |
BANK OF CHINA LIMITED-MANILA BRANCH | 9,509,052,093.62 | 2,493,167,070.43 | 381.40% |
BUSINESS AND CONSUMERS BANK (A DB) | 232,042,405.15 | 88,393,318.46 | 262.51% |
INTER-ASIA DEVELOPMENT BANK | 155,963,527.82 | 59,594,775.33 | 261.71% |
UNITED COCONUT PLANTERS BANK | 20,225,000,000.00 | 9,124,414,677.15 | 221.66% |
BANK OF COMMERCE | 28,940,752,164.13 | 18,309,894,416.75 | 158.06% |
BATAAN DEVELOPMENT BANK | 102,400,000.00 | 80,329,179.48 | 127.48% |
CITIBANK, N.A. | 26,181,219,000.00 | 20,733,444,720.19 | 126.28% |
PLANTERS DEVELOPMENT BANK | 4,747,003,067.91 | 3,954,154,673.31 | 120.05% |
RCBC SAVINGS BANK INC | 9,760,813,000.00 | 8,615,964,747.99 | 113.29% |
MALAYAN BANK SAVINGS AND MORT BANK INC | 1,354,955,739.15 | 1,253,359,735.13 | 108.11% |
WORLD PARTNERS BANK (A THRIFT BANK) | 151,808,295.72 | 162,677,786.98 | 93.32% |
FARMERS SAVINGS & LOAN BANK INC | 119,312,367.95 | 134,938,703.28 | 88.42% |
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,548,739,775.27 | 1,784,667,992.77 | 86.78% |
UCPB SAVINGS BANK | 2,148,055,252.56 | 2,539,953,439.25 | 84.57% |
DUMAGUETE CITY DEV BANK INC | 186,850,000.00 | 239,322,684.57 | 78.07% |
DEUTSCHE BANK AG | 1,831,038,328.06 | 2,384,846,604.99 | 76.78% |
EQUICOM SAVINGS BANK INC | 545,348,680.48 | 737,293,772.55 | 73.97% |
PHIL SAVINGS BANK | 13,846,583,703.67 | 18,882,918,559.80 | 73.33% |
STERLING BANK OF ASIA INC (A SAVINGS BANK) | 2,046,671,000.00 | 2,803,051,740.85 | 73.02% |
SECURITY BANK SAVINGS CORPORATION | 1,079,750,387.07 | 1,592,166,669.95 | 67.82% |
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 108,578,097.44 | 169,973,982.35 | 63.88% |
PHIL POSTAL SAVINGS BANK INC | 759,509,189.27 | 1,227,155,878.41 | 61.89% |
CORDILLERA SAVINGS BANK INC | 80,200,762.87 | 130,137,630.06 | 61.63% |
METRO CEBU PUBLIC SAVINGS BANK | 38,747,392.46 | 67,210,071.66 | 57.65% |
MARITIME SAVINGS BANK CORPORATION | 38,109,396.12 | 70,518,836.94 | 54.04% |
PHIL STAR DEVELOPMENT BANK INC | 43,519,666.20 | 81,953,833.05 | 53.10% |
PHILIPPINE VETERANS BANK | 3,618,777,847.81 | 7,111,418,438.53 | 50.89% |
TONGYANG SAVINGS BANK INC | 231,837,380.12 | 477,880,954.31 | 48.51% |
LUZON DEVELOPMENT BANK | 249,479,818.16 | 578,638,564.35 | 43.11% |
PRODUCERS SAVINGS BANK CORPORATION | 515,374,563.51 | 1,247,859,332.75 | 41.30% |
UNITED OVERSEAS BANK PHILIPPINES | 766,989,825.63 | 1,866,946,486.22 | 41.08% |
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 146,038,818.36 | 357,750,382.63 | 40.82% |
CHINA BANK SAVINGS INC | 1,141,924,295.74 | 2,820,790,084.25 | 40.48% |
PHIL NATIONAL BANK | 41,910,407,357.50 | 103,826,308,394.23 | 40.37% |
UNIVERSITY SAVINGS BANK INC | 105,317,372.88 | 272,339,254.64 | 38.67% |
UNION BANK OF THE PHILS | 21,006,811,707.70 | 54,384,715,306.96 | 38.63% |
BPI FAMILY SAVINGS BANK INC | 8,746,218,459.50 | 22,801,422,982.59 | 38.36% |
BANK ONE SAVINGS AND TRUST CORP. | 197,259,605.34 | 553,094,853.16 | 35.66% |
EAST WEST BANKING CORP | 7,615,607,113.89 | 22,068,547,185.16 | 34.51% |
PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 137,399,553.25 | 34.49% |
KOREA EXCHANGE BANK | 438,755,034.40 | 1,279,258,496.14 | 34.30% |
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 33,370,605.96 | 98,696,812.78 | 33.81% |
SAMPAGUITA SAVINGS BANK INC | 25,376,821.97 | 75,448,791.64 | 33.63% |
LIFE SAVINGS BANK INC | 22,085,124.56 | 69,133,232.15 | 31.95% |
STANDARD CHARTERED BANK | 2,499,313,722.00 | 7,933,415,825.35 | 31.50% |
BDO UNIBANK INC | 57,717,404,126.37 | 184,410,214,335.55 | 31.30% |
MEGA INT'L COMM'L BANK CO LTD | 618,691,383.20 | 2,040,867,985.59 | 30.32% |
LAND BANK OF THE PHILIPPINES | 17,585,203,179.24 | 60,844,694,037.05 | 28.90% |
PHIL TRUST COMPANY | 5,084,762,000.00 | 19,921,080,104.77 | 25.52% |
QUEZON COCONUT BANK INC (A THRIFT BANK) | 14,810,566.74 | 59,699,819.75 | 24.81% |
OPTIMUM DEVELOPMENT BANK INC | 183,651,985.42 | 762,376,428.71 | 24.09% |
ROBINSONS BANK CORPORATION | 1,506,082,604.60 | 6,421,295,309.92 | 23.45% |
FIRST CONSOLIDATED BANK INC (A PDB) | 654,663,167.77 | 2,938,271,999.20 | 22.28% |
DEVELOPMENT BANK OF THE PHIL | 8,452,871,926.55 | 38,795,716,168.79 | 21.79% |
CHINA BANKING CORP | 12,055,468,033.41 | 58,283,559,655.42 | 20.68% |
RIZAL COMM'L BANKING CORP | 9,242,435,747.62 | 46,050,957,777.86 | 20.07% |
ASIA UNITED BANK CORPORATION | 3,822,595,852.64 | 20,947,510,844.42 | 18.25% |
MAYBANK PHILIPPINES INC | 1,930,981,465.77 | 11,176,105,840.42 | 17.28% |
MALASIQUI PROGRESSIVE SLB, INC | 10,389,393.25 | 60,919,413.73 | 17.05% |
BPI DIRECT SAVINGS BANK INC | 200,372,553.21 | 1,179,517,465.26 | 16.99% |
WEALTH DEVELOPMENT BANK CORPORATION | 77,899,031.54 | 470,106,341.85 | 16.57% |
SECURITY BANK CORP | 7,002,000,000.00 | 42,541,597,642.96 | 16.46% |
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 108,947,815.93 | 675,836,846.55 | 16.12% |
CITY SAVINGS BANK INC | 653,318,360.68 | 4,818,454,987.10 | 13.56% |
MIZUHO BANK LTD - MANILA BRANCH | 408,855,536.76 | 3,061,976,397.94 | 13.35% |
BDO PRIVATE BANK, INC. | 709,747,747.91 | 5,502,235,777.13 | 12.90% |
CENTURY SAVINGS BANK CORPORATION | 112,634,352.97 | 906,301,593.90 | 12.43% |
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,085,632,000.00 | 8,834,127,233.01 | 12.29% |
BANK OF THE PHIL ISLANDS | 16,342,280,040.41 | 136,766,379,223.24 | 11.95% |
METROPOLITAN BANK & TCO | 17,712,213,616.84 | 153,180,391,486.45 | 11.56% |
TOWER DEVELOPMENT BANK | 12,823,403.45 | 120,855,919.90 | 10.61% |
HSBC SAVINGS BANK(PHILS) INC | 201,467,107.50 | 2,065,235,504.36 | 9.76% |
LEMERY SAVINGS & LOAN BANK, INC. | 6,519,075.45 | 77,876,573.33 | 8.37% |
HIYAS BANKING CORPORATION | 13,458,793.88 | 170,642,703.54 | 7.89% |
CTBC BANK (PHILIPPINES) CORP | 457,990,245.48 | 6,979,451,830.86 | 6.56% |
SUN SAVINGS BANK INC | 7,157,622.08 | 112,275,942.77 | 6.38% |
HONGKONG & SHANGHAI BANKING CORP | 743,056,666.30 | 14,138,846,593.93 | 5.26% |
ALLIED SAVINGS BANK | 535,797,631.00 | 11,229,656,247.54 | 4.77% |
BATAAN SAVINGS AND LOAN BANK | 2,344,022.09 | 64,839,303.87 | 3.62% |
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 13,972,461.61 | 401,832,629.56 | 3.48% |
PROGRESS SAVINGS AND LOAN BANK INC | 1,812,739.58 | 83,792,443.94 | 2.16% |
ANZ BANKING GROUP LTD | 36,688,984.00 | 4,488,259,818.30 | 0.82% |
PHIL BANK OF COMMUNICATIONS | 32,437,945.23 | 7,954,329,897.34 | 0.41% |
INTERNATIONALE NEDERLANDEN GROEP BK | 45,000,000.00 | 11,831,560,875.66 | 0.38% |
BANK OF AMERICA N.A. | 5,614,000.00 | 2,116,461,209.20 | 0.27% |
BANGKOK BANK PUBLIC CO LTD | 4,714,155.55 | 3,300,565,917.00 | 0.14% |
JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 1,407,968,171.20 | 0.05% |
1ST VALLEY BANK INC A DEVELOPMENT BANK | 0.00 | 1,154,837,277.93 | 0.00% |
BDO ELITE SAVINGS BANK INC | 0.00 | 777,181,365.52 | 0.00% |
CARD SME BANK INC A THRIFT BANK | 0.00 | 347,930,415.79 | 0.00% |
ENTERPRISE BANK INC (A THRIFT BANK) | 0.00 | 255,755,374.86 | 0.00% |
ISLA BANK(A THRIFT BANK) INC | 0.00 | 652,412,033.66 | 0.00% |
MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 497,720,715.99 | 0.00% |
NORTHPOINT DEV'T BANK INC | 0.00 | 271,184,894.87 | 0.00% |
THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,946,920,166.75 | 0.00% |
THE PALAWAN BANK (PALAWAN DB) INC | 0.00 | 38,036,159.66 | 0.00% |
Grand Total | 383,251,791,655.10 | 1,212,008,303,267.32 | 31.62% |
Stress Test Scenarios
Aggregate
So how will a 10%, 20%, 30%, 40%, and even 50% write-off of Classified Loans affect the Total Capital Cushion of the Philippine Banking System?
In the aggregate, if Classified Loans amount to 31.62% of the banking system's Total Capital Cushion, then it follows that a 10% write-off of Classified Loans will reduce the total capital by 3.16% and a 50% write-off of classified loans will reduce the banking system's Total Capital Cushion by 15.81%.
Individual Banks
A 10% write-off of Classified Loans would wipe out the capital of one bank (highlighted in red) and severely impact (by 30% or more) the Total Capital Cushion of three other banks (severely affected banks highlighted in yellow).
A 20% write-off of Classified Loans will totally wipe out the Total Capital Cushion of three banks and severely impact the Total Capital Cushion of five more banks:
Aggregate
So how will a 10%, 20%, 30%, 40%, and even 50% write-off of Classified Loans affect the Total Capital Cushion of the Philippine Banking System?
In the aggregate, if Classified Loans amount to 31.62% of the banking system's Total Capital Cushion, then it follows that a 10% write-off of Classified Loans will reduce the total capital by 3.16% and a 50% write-off of classified loans will reduce the banking system's Total Capital Cushion by 15.81%.
Individual Banks
A 10% write-off of Classified Loans would wipe out the capital of one bank (highlighted in red) and severely impact (by 30% or more) the Total Capital Cushion of three other banks (severely affected banks highlighted in yellow).
- Comsavings Bank (5,558.92% reduction in Total Capital Cushion)
- Legazpi Savings Bank (85.79% reduction in Total Capital Cushion)
- Village Bank Inc. (69.48% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (38.14% reduction in Total Capital Cushion)
- Comsavings Bank (11,117.85% reduction in Total Capital Cushion)
- Legazpi Savings Bank (171.57% reduction in Total Capital Cushion)
- Village Bank Inc. (138.97% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (76.28% reduction in Total Capital Cushion)
- Business and Consumers Bank (52.50% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (52.34% reduction in Total Capital Cushion)
- United Coconut Planters Bank (44.33% reduction in Total Capital Cushion)
- Bank of Commerce (31.61% reduction in Total Capital Cushion)
- Comsavings Bank (16,676.77% reduction in Total Capital Cushion)
- Legazpi Savings Bank (257.36% reduction in Total Capital Cushion)
- Village Bank Inc. (208.45% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (114.42% reduction in Total Capital Cushion)
- Business and Consumers Bank (78.75% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (78.51% reduction in Total Capital Cushion)
- United Coconut Planters Bank (66.50% reduction in Total Capital Cushion)
- Bank of Commerce (47.42% reduction in Total Capital Cushion)
- Bataan Development Bank (38.24% reduction in Total Capital Cushion)
- Citibank, N.A. (37.88% reduction in Total Capital Cushion)
- Planters Development Bank (36.02% reduction in Total Capital Cushion)
- RCBC Savings Bank (33.99% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (32.43% reduction in Total Capital Cushion)
A 40% write-off of Classified Loans will totally wipe out the Total Capital Cushion of six banks and severely affect (reduce by 30% or more) the Total Capital Cushion of thirteen more banks:
- Comsavings Bank (22,235.69% reduction in Total Capital Cushion)
- Legazpi Savings Bank (343.14% reduction in Total Capital Cushion)
- Village Bank Inc. (277.94% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (152.56% reduction in Total Capital Cushion)
- Business and Consumers Bank (105.00% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (104.68% reduction in Total Capital Cushion)
- United Coconut Planters Bank (88.66% reduction in Total Capital Cushion)
- Bank of Commerce (63.22% reduction in Total Capital Cushion)
- Bataan Development Bank (50.99% reduction in Total Capital Cushion)
- Citibank, N.A. (50.51% reduction in Total Capital Cushion)
- Planters Development Bank (48.02% reduction in Total Capital Cushion)
- RCBC Savings Bank (45.32% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (43.24% reduction in Total Capital Cushion)
- World Partners Bank (37.33% reduction in Total Capital Cushion)
- Farmers Savings & Loan Bank (35.37% reduction in Total Capital Cushion)
- Philippine Resources Savings Banking Corporation (34.71% reduction in Total Capital Cushion)
- UCPB Savings Bank (33.83% reduction in Total Capital Cushion)
- Dumaguete City Development Bank Inc. (31.23% reduction in Total Capital Cushion)
- Deutsche Bank AG (30.71% reduction in Total Capital Cushion)
A 50% write-off of Classified Loans will totally wipe out the Total Capital Cushion of seven banks and severely affect (reduce by 30% or more) the Total Capital Cushion of nineteen more banks:
- Comsavings Bank (27,794.62% reduction in Total Capital Cushion)
- Legazpi Savings Bank (428.93% reduction in Total Capital Cushion)
- Village Bank Inc. (347.42% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (190.70% reduction in Total Capital Cushion)
- Business and Consumers Bank (131.26% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (130.85% reduction in Total Capital Cushion)
- United Coconut Planters Bank (110.83% reduction in Total Capital Cushion)
- Bank of Commerce (79.03% reduction in Total Capital Cushion)
- Bataan Development Bank (63.74% reduction in Total Capital Cushion)
- Citibank, N.A. (63.14% reduction in Total Capital Cushion)
- Planters Development Bank (60.03% reduction in Total Capital Cushion)
- RCBC Savings Bank (56.64% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (54.05% reduction in Total Capital Cushion)
- World Partners Bank (46.66% reduction in Total Capital Cushion)
- Farmers Savings & Loan Bank (44.21% reduction in Total Capital Cushion)
- Philippine Resources Savings Banking Corporation (43.39% reduction in Total Capital Cushion)
- UCPB Savings Bank (42.29% reduction in Total Capital Cushion)
- Dumaguete City Development Bank Inc. (39.04% reduction in Total Capital Cushion)
- Deutsche Bank AG (38.39% reduction in Total Capital Cushion)
- Equicom Savings Bank Inc. (36.98% reduction in Total Capital Cushion)
- Philippine Savings Bank (36.66% reduction in Total Capital Cushion)
- Sterling Bank of Asia Inc (36.51% reduction in Total Capital Cushion)
- Security Bank Savings Corporation (33.91% reduction in Total Capital Cushion)
- Opportunity Kauswagan Bank Inc (31.94% reduction in Total Capital Cushion)
- Philippine Postal Savings Bank Inc (30.95% reduction in Total Capital Cushion)
- Cordillera Savings Bank Inc (30.81% reduction in Total Capital Cushion)
Please bear in mind that a number of these banks are already very weak and are in distress. Please see a previous blog post: "The Top Distressed Philippine Banks as of December 31, 2014". Moreover, their capital can be overstated. See a previous blog post "Overstated Capital of Philippine Banks as of December 31, 2014". As such, any reduction in their capital cushion could knock down an already weak bank.
Philippine Banking System | ||||||||
Impact Analysis of Classified Loan Loss Severities on Total Capital Cushion | ||||||||
December 31, 2014 | ||||||||
Classified Loans | Total Capital Cushion | Classified Loans/Total Capital Cushion | Impact of 10% Classified Loan Loss Severity on Total Capital Cushion | Impact of 20% Classified Loan Loss Severity on Total Capital Cushion | Impact of 30% Classified Loan Loss Severity on Total Capital Cushion | Impact of 40% Classified Loan Loss Severity on Total Capital Cushion | Impact of 50% Classified Loan Loss Severity on Total Capital Cushion | |
Bank | (In Php) | (In Php) | (In %) | (In %) | (In %) | (In %) | (In %) | (In %) |
COMSAVINGS BANK | 1,275,879,789.57 | 2,295,192.29 | 55589.23% | 5558.92% | 11117.85% | 16676.77% | 22235.69% | 27794.62% |
LEGAZPI SAVINGS BANK INC | 852,505,000.00 | 99,376,544.76 | 857.85% | 85.79% | 171.57% | 257.36% | 343.14% | 428.93% |
VILLAGE BANK INC (A THRIFT BANK) | 607,541,534.70 | 87,436,393.60 | 694.84% | 69.48% | 138.97% | 208.45% | 277.94% | 347.42% |
BANK OF CHINA LIMITED-MANILA BRANCH | 9,509,052,093.62 | 2,493,167,070.43 | 381.40% | 38.14% | 76.28% | 114.42% | 152.56% | 190.70% |
BUSINESS AND CONSUMERS BANK (A DB) | 232,042,405.15 | 88,393,318.46 | 262.51% | 26.25% | 52.50% | 78.75% | 105.00% | 131.26% |
INTER-ASIA DEVELOPMENT BANK | 155,963,527.82 | 59,594,775.33 | 261.71% | 26.17% | 52.34% | 78.51% | 104.68% | 130.85% |
UNITED COCONUT PLANTERS BANK | 20,225,000,000.00 | 9,124,414,677.15 | 221.66% | 22.17% | 44.33% | 66.50% | 88.66% | 110.83% |
BANK OF COMMERCE | 28,940,752,164.13 | 18,309,894,416.75 | 158.06% | 15.81% | 31.61% | 47.42% | 63.22% | 79.03% |
BATAAN DEVELOPMENT BANK | 102,400,000.00 | 80,329,179.48 | 127.48% | 12.75% | 25.50% | 38.24% | 50.99% | 63.74% |
CITIBANK, N.A. | 26,181,219,000.00 | 20,733,444,720.19 | 126.28% | 12.63% | 25.26% | 37.88% | 50.51% | 63.14% |
PLANTERS DEVELOPMENT BANK | 4,747,003,067.91 | 3,954,154,673.31 | 120.05% | 12.01% | 24.01% | 36.02% | 48.02% | 60.03% |
RCBC SAVINGS BANK INC | 9,760,813,000.00 | 8,615,964,747.99 | 113.29% | 11.33% | 22.66% | 33.99% | 45.32% | 56.64% |
MALAYAN BANK SAVINGS AND MORT BANK INC | 1,354,955,739.15 | 1,253,359,735.13 | 108.11% | 10.81% | 21.62% | 32.43% | 43.24% | 54.05% |
WORLD PARTNERS BANK (A THRIFT BANK) | 151,808,295.72 | 162,677,786.98 | 93.32% | 9.33% | 18.66% | 28.00% | 37.33% | 46.66% |
FARMERS SAVINGS & LOAN BANK INC | 119,312,367.95 | 134,938,703.28 | 88.42% | 8.84% | 17.68% | 26.53% | 35.37% | 44.21% |
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,548,739,775.27 | 1,784,667,992.77 | 86.78% | 8.68% | 17.36% | 26.03% | 34.71% | 43.39% |
UCPB SAVINGS BANK | 2,148,055,252.56 | 2,539,953,439.25 | 84.57% | 8.46% | 16.91% | 25.37% | 33.83% | 42.29% |
DUMAGUETE CITY DEV BANK INC | 186,850,000.00 | 239,322,684.57 | 78.07% | 7.81% | 15.61% | 23.42% | 31.23% | 39.04% |
DEUTSCHE BANK AG | 1,831,038,328.06 | 2,384,846,604.99 | 76.78% | 7.68% | 15.36% | 23.03% | 30.71% | 38.39% |
EQUICOM SAVINGS BANK INC | 545,348,680.48 | 737,293,772.55 | 73.97% | 7.40% | 14.79% | 22.19% | 29.59% | 36.98% |
PHIL SAVINGS BANK | 13,846,583,703.67 | 18,882,918,559.80 | 73.33% | 7.33% | 14.67% | 22.00% | 29.33% | 36.66% |
STERLING BANK OF ASIA INC (A SAVINGS BANK) | 2,046,671,000.00 | 2,803,051,740.85 | 73.02% | 7.30% | 14.60% | 21.90% | 29.21% | 36.51% |
SECURITY BANK SAVINGS CORPORATION | 1,079,750,387.07 | 1,592,166,669.95 | 67.82% | 6.78% | 13.56% | 20.34% | 27.13% | 33.91% |
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 108,578,097.44 | 169,973,982.35 | 63.88% | 6.39% | 12.78% | 19.16% | 25.55% | 31.94% |
PHIL POSTAL SAVINGS BANK INC | 759,509,189.27 | 1,227,155,878.41 | 61.89% | 6.19% | 12.38% | 18.57% | 24.76% | 30.95% |
CORDILLERA SAVINGS BANK INC | 80,200,762.87 | 130,137,630.06 | 61.63% | 6.16% | 12.33% | 18.49% | 24.65% | 30.81% |
METRO CEBU PUBLIC SAVINGS BANK | 38,747,392.46 | 67,210,071.66 | 57.65% | 5.77% | 11.53% | 17.30% | 23.06% | 28.83% |
MARITIME SAVINGS BANK CORPORATION | 38,109,396.12 | 70,518,836.94 | 54.04% | 5.40% | 10.81% | 16.21% | 21.62% | 27.02% |
PHIL STAR DEVELOPMENT BANK INC | 43,519,666.20 | 81,953,833.05 | 53.10% | 5.31% | 10.62% | 15.93% | 21.24% | 26.55% |
PHILIPPINE VETERANS BANK | 3,618,777,847.81 | 7,111,418,438.53 | 50.89% | 5.09% | 10.18% | 15.27% | 20.35% | 25.44% |
TONGYANG SAVINGS BANK INC | 231,837,380.12 | 477,880,954.31 | 48.51% | 4.85% | 9.70% | 14.55% | 19.41% | 24.26% |
LUZON DEVELOPMENT BANK | 249,479,818.16 | 578,638,564.35 | 43.11% | 4.31% | 8.62% | 12.93% | 17.25% | 21.56% |
PRODUCERS SAVINGS BANK CORPORATION | 515,374,563.51 | 1,247,859,332.75 | 41.30% | 4.13% | 8.26% | 12.39% | 16.52% | 20.65% |
UNITED OVERSEAS BANK PHILIPPINES | 766,989,825.63 | 1,866,946,486.22 | 41.08% | 4.11% | 8.22% | 12.32% | 16.43% | 20.54% |
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 146,038,818.36 | 357,750,382.63 | 40.82% | 4.08% | 8.16% | 12.25% | 16.33% | 20.41% |
CHINA BANK SAVINGS INC | 1,141,924,295.74 | 2,820,790,084.25 | 40.48% | 4.05% | 8.10% | 12.14% | 16.19% | 20.24% |
PHIL NATIONAL BANK | 41,910,407,357.50 | 103,826,308,394.23 | 40.37% | 4.04% | 8.07% | 12.11% | 16.15% | 20.18% |
UNIVERSITY SAVINGS BANK INC | 105,317,372.88 | 272,339,254.64 | 38.67% | 3.87% | 7.73% | 11.60% | 15.47% | 19.34% |
UNION BANK OF THE PHILS | 21,006,811,707.70 | 54,384,715,306.96 | 38.63% | 3.86% | 7.73% | 11.59% | 15.45% | 19.31% |
BPI FAMILY SAVINGS BANK INC | 8,746,218,459.50 | 22,801,422,982.59 | 38.36% | 3.84% | 7.67% | 11.51% | 15.34% | 19.18% |
BANK ONE SAVINGS AND TRUST CORP. | 197,259,605.34 | 553,094,853.16 | 35.66% | 3.57% | 7.13% | 10.70% | 14.27% | 17.83% |
EAST WEST BANKING CORP | 7,615,607,113.89 | 22,068,547,185.16 | 34.51% | 3.45% | 6.90% | 10.35% | 13.80% | 17.25% |
PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 137,399,553.25 | 34.49% | 3.45% | 6.90% | 10.35% | 13.80% | 17.25% |
KOREA EXCHANGE BANK | 438,755,034.40 | 1,279,258,496.14 | 34.30% | 3.43% | 6.86% | 10.29% | 13.72% | 17.15% |
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 33,370,605.96 | 98,696,812.78 | 33.81% | 3.38% | 6.76% | 10.14% | 13.52% | 16.91% |
SAMPAGUITA SAVINGS BANK INC | 25,376,821.97 | 75,448,791.64 | 33.63% | 3.36% | 6.73% | 10.09% | 13.45% | 16.82% |
LIFE SAVINGS BANK INC | 22,085,124.56 | 69,133,232.15 | 31.95% | 3.19% | 6.39% | 9.58% | 12.78% | 15.97% |
STANDARD CHARTERED BANK | 2,499,313,722.00 | 7,933,415,825.35 | 31.50% | 3.15% | 6.30% | 9.45% | 12.60% | 15.75% |
BDO UNIBANK INC | 57,717,404,126.37 | 184,410,214,335.55 | 31.30% | 3.13% | 6.26% | 9.39% | 12.52% | 15.65% |
MEGA INT'L COMM'L BANK CO LTD | 618,691,383.20 | 2,040,867,985.59 | 30.32% | 3.03% | 6.06% | 9.09% | 12.13% | 15.16% |
LAND BANK OF THE PHILIPPINES | 17,585,203,179.24 | 60,844,694,037.05 | 28.90% | 2.89% | 5.78% | 8.67% | 11.56% | 14.45% |
PHIL TRUST COMPANY | 5,084,762,000.00 | 19,921,080,104.77 | 25.52% | 2.55% | 5.10% | 7.66% | 10.21% | 12.76% |
QUEZON COCONUT BANK INC (A THRIFT BANK) | 14,810,566.74 | 59,699,819.75 | 24.81% | 2.48% | 4.96% | 7.44% | 9.92% | 12.40% |
OPTIMUM DEVELOPMENT BANK INC | 183,651,985.42 | 762,376,428.71 | 24.09% | 2.41% | 4.82% | 7.23% | 9.64% | 12.04% |
ROBINSONS BANK CORPORATION | 1,506,082,604.60 | 6,421,295,309.92 | 23.45% | 2.35% | 4.69% | 7.04% | 9.38% | 11.73% |
FIRST CONSOLIDATED BANK INC (A PDB) | 654,663,167.77 | 2,938,271,999.20 | 22.28% | 2.23% | 4.46% | 6.68% | 8.91% | 11.14% |
DEVELOPMENT BANK OF THE PHIL | 8,452,871,926.55 | 38,795,716,168.79 | 21.79% | 2.18% | 4.36% | 6.54% | 8.72% | 10.89% |
CHINA BANKING CORP | 12,055,468,033.41 | 58,283,559,655.42 | 20.68% | 2.07% | 4.14% | 6.21% | 8.27% | 10.34% |
RIZAL COMM'L BANKING CORP | 9,242,435,747.62 | 46,050,957,777.86 | 20.07% | 2.01% | 4.01% | 6.02% | 8.03% | 10.04% |
ASIA UNITED BANK CORPORATION | 3,822,595,852.64 | 20,947,510,844.42 | 18.25% | 1.82% | 3.65% | 5.47% | 7.30% | 9.12% |
MAYBANK PHILIPPINES INC | 1,930,981,465.77 | 11,176,105,840.42 | 17.28% | 1.73% | 3.46% | 5.18% | 6.91% | 8.64% |
MALASIQUI PROGRESSIVE SLB, INC | 10,389,393.25 | 60,919,413.73 | 17.05% | 1.71% | 3.41% | 5.12% | 6.82% | 8.53% |
BPI DIRECT SAVINGS BANK INC | 200,372,553.21 | 1,179,517,465.26 | 16.99% | 1.70% | 3.40% | 5.10% | 6.80% | 8.49% |
WEALTH DEVELOPMENT BANK CORPORATION | 77,899,031.54 | 470,106,341.85 | 16.57% | 1.66% | 3.31% | 4.97% | 6.63% | 8.29% |
SECURITY BANK CORP | 7,002,000,000.00 | 42,541,597,642.96 | 16.46% | 1.65% | 3.29% | 4.94% | 6.58% | 8.23% |
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 108,947,815.93 | 675,836,846.55 | 16.12% | 1.61% | 3.22% | 4.84% | 6.45% | 8.06% |
CITY SAVINGS BANK INC | 653,318,360.68 | 4,818,454,987.10 | 13.56% | 1.36% | 2.71% | 4.07% | 5.42% | 6.78% |
MIZUHO BANK LTD - MANILA BRANCH | 408,855,536.76 | 3,061,976,397.94 | 13.35% | 1.34% | 2.67% | 4.01% | 5.34% | 6.68% |
BDO PRIVATE BANK, INC. | 709,747,747.91 | 5,502,235,777.13 | 12.90% | 1.29% | 2.58% | 3.87% | 5.16% | 6.45% |
CENTURY SAVINGS BANK CORPORATION | 112,634,352.97 | 906,301,593.90 | 12.43% | 1.24% | 2.49% | 3.73% | 4.97% | 6.21% |
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,085,632,000.00 | 8,834,127,233.01 | 12.29% | 1.23% | 2.46% | 3.69% | 4.92% | 6.14% |
BANK OF THE PHIL ISLANDS | 16,342,280,040.41 | 136,766,379,223.24 | 11.95% | 1.19% | 2.39% | 3.58% | 4.78% | 5.97% |
METROPOLITAN BANK & TCO | 17,712,213,616.84 | 153,180,391,486.45 | 11.56% | 1.16% | 2.31% | 3.47% | 4.63% | 5.78% |
TOWER DEVELOPMENT BANK | 12,823,403.45 | 120,855,919.90 | 10.61% | 1.06% | 2.12% | 3.18% | 4.24% | 5.31% |
HSBC SAVINGS BANK(PHILS) INC | 201,467,107.50 | 2,065,235,504.36 | 9.76% | 0.98% | 1.95% | 2.93% | 3.90% | 4.88% |
LEMERY SAVINGS & LOAN BANK, INC. | 6,519,075.45 | 77,876,573.33 | 8.37% | 0.84% | 1.67% | 2.51% | 3.35% | 4.19% |
HIYAS BANKING CORPORATION | 13,458,793.88 | 170,642,703.54 | 7.89% | 0.79% | 1.58% | 2.37% | 3.15% | 3.94% |
CTBC BANK (PHILIPPINES) CORP | 457,990,245.48 | 6,979,451,830.86 | 6.56% | 0.66% | 1.31% | 1.97% | 2.62% | 3.28% |
SUN SAVINGS BANK INC | 7,157,622.08 | 112,275,942.77 | 6.38% | 0.64% | 1.28% | 1.91% | 2.55% | 3.19% |
HONGKONG & SHANGHAI BANKING CORP | 743,056,666.30 | 14,138,846,593.93 | 5.26% | 0.53% | 1.05% | 1.58% | 2.10% | 2.63% |
ALLIED SAVINGS BANK | 535,797,631.00 | 11,229,656,247.54 | 4.77% | 0.48% | 0.95% | 1.43% | 1.91% | 2.39% |
BATAAN SAVINGS AND LOAN BANK | 2,344,022.09 | 64,839,303.87 | 3.62% | 0.36% | 0.72% | 1.08% | 1.45% | 1.81% |
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 13,972,461.61 | 401,832,629.56 | 3.48% | 0.35% | 0.70% | 1.04% | 1.39% | 1.74% |
PROGRESS SAVINGS AND LOAN BANK INC | 1,812,739.58 | 83,792,443.94 | 2.16% | 0.22% | 0.43% | 0.65% | 0.87% | 1.08% |
ANZ BANKING GROUP LTD | 36,688,984.00 | 4,488,259,818.30 | 0.82% | 0.08% | 0.16% | 0.25% | 0.33% | 0.41% |
PHIL BANK OF COMMUNICATIONS | 32,437,945.23 | 7,954,329,897.34 | 0.41% | 0.04% | 0.08% | 0.12% | 0.16% | 0.20% |
INTERNATIONALE NEDERLANDEN GROEP BK | 45,000,000.00 | 11,831,560,875.66 | 0.38% | 0.04% | 0.08% | 0.11% | 0.15% | 0.19% |
BANK OF AMERICA N.A. | 5,614,000.00 | 2,116,461,209.20 | 0.27% | 0.03% | 0.05% | 0.08% | 0.11% | 0.13% |
BANGKOK BANK PUBLIC CO LTD | 4,714,155.55 | 3,300,565,917.00 | 0.14% | 0.01% | 0.03% | 0.04% | 0.06% | 0.07% |
JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 1,407,968,171.20 | 0.05% | 0.01% | 0.01% | 0.02% | 0.02% | 0.03% |
1ST VALLEY BANK INC A DEVELOPMENT BANK | 0.00 | 1,154,837,277.93 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BDO ELITE SAVINGS BANK INC | 0.00 | 777,181,365.52 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CARD SME BANK INC A THRIFT BANK | 0.00 | 347,930,415.79 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENTERPRISE BANK INC (A THRIFT BANK) | 0.00 | 255,755,374.86 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISLA BANK(A THRIFT BANK) INC | 0.00 | 652,412,033.66 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 497,720,715.99 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NORTHPOINT DEV'T BANK INC | 0.00 | 271,184,894.87 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,946,920,166.75 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THE PALAWAN BANK (PALAWAN DB) INC | 0.00 | 38,036,159.66 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grand Total | 383,251,791,655.10 | 1,212,008,303,267.32 | 31.62% | 3.16% | 6.32% | 9.49% | 12.65% | 15.81% |
No comments:
Post a Comment