Comsavings Bank Ranks First in Non-Performing Loans as % of Capital Funds as of December 31, 2014

Editor's Note: Data is culled from  the Published Statements of Condition of individual Philippine Banks found in www.bsp.gov.ph.  Banks highlighted in yellow are classified as Distressed Banks.   The level of distress is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of December 31, 2014.  See a previous blog post:  Philippine Banks Improve in the 4rd Qtr. of 2014 or "The Top Distressed Philippine Banks as of December 31, 2014"

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


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

In the Philippine Banking Industry, Gross Non-Performing Loans stood at Php 118.018 billion as of December 31, 2014 - approximately 2.07% of the Philippine Banking Industry's Total Loan Portfolio of Php 5.692 trillion.

Philippine Banking System
NPL as % of TLP
December 31, 2014
	Gross NPLs	Gross TLP	Gross NPL/ Gross TLP
Bank	(In Php)	(In Php)	(In %)
PROGRESS SAVINGS AND LOAN BANK INC	1,266,509.04	1,472,078.37	86.04%
COMSAVINGS BANK	191,248,204.56	224,455,453.84	85.21%
SAMPAGUITA SAVINGS BANK INC	24,560,366.62	45,633,566.20	53.82%
NORTHPOINT DEV'T BANK INC	114,135,388.27	216,632,937.02	52.69%
UNITED OVERSEAS BANK PHILIPPINES	665,442,006.65	1,389,451,558.58	47.89%
BATAAN DEVELOPMENT BANK	75,627,159.93	178,888,803.82	42.28%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	108,578,097.44	294,400,369.94	36.88%
WORLD PARTNERS BANK (A THRIFT BANK)	125,221,140.33	355,001,455.05	35.27%
LEGAZPI SAVINGS BANK INC	396,005,098.56	1,143,131,002.43	34.64%
FARMERS SAVINGS & LOAN BANK INC	59,842,676.39	238,503,642.20	25.09%
MALASIQUI PROGRESSIVE SLB, INC	10,389,393.25	41,762,803.30	24.88%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	26,681,234.39	119,460,063.38	22.33%
PAMPANGA DEVELOPMENT BANK	53,348,257.64	274,619,153.93	19.43%
PHIL STAR DEVELOPMENT BANK INC	8,288,381.02	43,519,666.20	19.05%
METRO CEBU PUBLIC SAVINGS BANK	11,494,835.36	64,798,481.82	17.74%
TONGYANG SAVINGS BANK INC	119,770,252.32	743,348,604.02	16.11%
MARITIME SAVINGS BANK CORPORATION	22,442,294.91	140,986,578.65	15.92%
MALAYAN BANK SAVINGS AND MORT BANK INC	637,584,938.74	4,070,228,077.46	15.66%
PHILIPPINE VETERANS BANK	1,643,267,349.87	11,738,943,759.59	14.00%
LIFE SAVINGS BANK INC	9,393,674.72	75,693,456.89	12.41%
EQUICOM SAVINGS BANK INC	388,602,197.37	3,734,575,764.83	10.41%
LEMERY SAVINGS & LOAN BANK, INC.	6,183,105.10	59,562,547.31	10.38%
1ST VALLEY BANK INC A DEVELOPMENT BANK	515,249,846.22	5,180,264,126.00	9.95%
CORDILLERA SAVINGS BANK INC	17,383,076.12	177,959,029.59	9.77%
BUSINESS AND CONSUMERS BANK (A DB)	13,926,629.29	144,138,100.82	9.66%
PLANTERS DEVELOPMENT BANK	2,986,078,255.90	31,384,921,013.97	9.51%
LUZON DEVELOPMENT BANK	297,480,192.36	3,172,485,979.80	9.38%
PHIL POSTAL SAVINGS BANK INC	527,067,640.97	5,729,831,549.37	9.20%
DUMAGUETE CITY DEV BANK INC	41,174,656.59	482,179,707.58	8.54%
SECURITY BANK SAVINGS CORPORATION	650,408,422.57	8,191,899,864.03	7.94%
VILLAGE BANK INC (A THRIFT BANK)	28,089,103.74	387,809,326.29	7.24%
INTER-ASIA DEVELOPMENT BANK	8,624,018.49	119,282,904.56	7.23%
STANDARD CHARTERED BANK	2,547,665,279.70	36,252,890,927.69	7.03%
UNION BANK OF THE PHILS	9,906,489,975.31	151,168,216,222.59	6.55%
HIYAS BANKING CORPORATION	13,458,793.88	206,622,716.21	6.51%
UNIVERSITY SAVINGS BANK INC	26,945,351.73	425,863,698.56	6.33%
ENTERPRISE BANK INC (A THRIFT BANK)	96,877,675.31	1,542,347,303.02	6.28%
THE PALAWAN BANK (PALAWAN DB) INC	14,496,773.68	235,215,674.00	6.16%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	114,286,992.86	1,869,310,121.38	6.11%
BATAAN SAVINGS AND LOAN BANK	2,344,022.09	39,459,042.55	5.94%
BANK OF COMMERCE	2,574,468,973.68	43,433,101,345.44	5.93%
TOWER DEVELOPMENT BANK	12,823,403.45	218,051,301.87	5.88%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	500,503,576.05	8,638,908,279.52	5.79%
WEALTH DEVELOPMENT BANK CORPORATION	183,529,436.71	3,178,933,133.31	5.77%
PHIL BANK OF COMMUNICATIONS	1,586,752,249.52	28,027,449,272.39	5.66%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	929,883,309.51	16,595,401,071.36	5.60%
QUEZON COCONUT BANK INC (A THRIFT BANK)	2,228,732.89	40,286,604.61	5.53%
FIRST CONSOLIDATED BANK INC (A PDB)	464,360,958.42	8,681,242,227.54	5.35%
UNITED COCONUT PLANTERS BANK	5,416,218,477.28	110,294,172,625.32	4.91%
EAST WEST BANKING CORP	5,576,281,317.76	117,705,101,916.13	4.74%
CENTURY SAVINGS BANK CORPORATION	35,860,740.62	757,782,726.23	4.73%
CHINA BANK SAVINGS INC	662,261,289.23	14,394,949,451.64	4.60%
UCPB SAVINGS BANK	472,269,678.32	10,284,250,040.58	4.59%
PRODUCERS SAVINGS BANK CORPORATION	269,904,315.20	5,986,473,682.02	4.51%
ALLIED SAVINGS BANK	402,721,413.68	8,966,343,417.83	4.49%
RCBC SAVINGS BANK INC	2,347,905,349.52	52,675,478,381.23	4.46%
BANK ONE SAVINGS AND TRUST CORP.	15,304,127.53	391,219,042.93	3.91%
PHIL SAVINGS BANK	3,865,493,882.61	100,708,954,019.31	3.84%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	41,828,094.46	1,159,920,117.43	3.61%
PHIL NATIONAL BANK	9,920,812,722.51	289,718,191,822.47	3.42%
DEVELOPMENT BANK OF THE PHIL	5,514,108,975.79	165,114,260,001.00	3.34%
MAYBANK PHILIPPINES INC	1,482,039,353.94	48,485,373,592.33	3.06%
PHIL TRUST COMPANY	1,114,639,478.98	37,772,365,202.65	2.95%
BPI FAMILY SAVINGS BANK INC	4,890,790,457.85	168,393,423,339.95	2.90%
SUN SAVINGS BANK INC	9,255,437.42	324,518,794.68	2.85%
CITIBANK, N.A.	3,126,649,482.40	116,077,710,245.65	2.69%
CTBC BANK (PHILIPPINES) CORP	446,996,685.64	18,040,804,976.14	2.48%
ROBINSONS BANK CORPORATION	544,355,086.03	22,321,519,424.21	2.44%
MERCHANTS SAVINGS & LOAN ASSN INC	7,516,719.70	318,018,528.51	2.36%
HONGKONG & SHANGHAI BANKING CORP	1,326,767,656.33	56,233,320,619.44	2.36%
BPI DIRECT SAVINGS BANK INC	160,442,838.35	7,398,455,536.93	2.17%
CARD SME BANK INC A THRIFT BANK	28,119,896.47	1,358,231,501.68	2.07%
OPTIMUM DEVELOPMENT BANK INC	19,293,633.32	961,017,324.33	2.01%
HSBC SAVINGS BANK(PHILS) INC	78,330,181.73	4,794,535,932.60	1.63%
CHINA BANKING CORP	3,956,317,691.92	249,953,798,769.83	1.58%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	621,409,966.16	39,472,635,518.38	1.57%
LAND BANK OF THE PHILIPPINES	6,821,304,507.20	460,251,195,185.46	1.48%
BDO UNIBANK INC	15,898,690,558.16	1,188,874,963,688.27	1.34%
CITY SAVINGS BANK INC	531,068,678.18	44,470,597,089.71	1.19%
BANK OF THE PHIL ISLANDS	7,351,999,296.85	633,893,057,501.13	1.16%
RIZAL COMM'L BANKING CORP	2,139,606,438.85	203,942,688,069.14	1.05%
ASIA UNITED BANK CORPORATION	460,714,804.30	69,360,688,111.77	0.66%
SECURITY BANK CORP	1,180,934,434.60	182,343,370,944.22	0.65%
KOREA EXCHANGE BANK	23,550,179.88	3,956,876,098.82	0.60%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	1,092,048.97	188,530,366.10	0.58%
METROPOLITAN BANK & TCO	2,456,299,278.71	693,943,171,873.43	0.35%
BANK OF CHINA LIMITED-MANILA BRANCH	8,660,895.91	9,208,622,577.50	0.09%
ANZ BANKING GROUP LTD	23,339,114.85	27,372,020,430.10	0.09%
BANGKOK BANK PUBLIC CO LTD	4,714,155.55	7,406,446,476.66	0.06%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	23,070,257,639.47	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	91.44	19,988,603,561.60	0.00%
BANK OF AMERICA N.A.	4.00	1,774,385,038.41	0.00%
BDO PRIVATE BANK, INC.	0.00	5,734,443,961.81	0.00%
DEUTSCHE BANK AG	0.00	16,177,672,320.09	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	712,370,894.75	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	10,108,776,266.06	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	21,583,310,006.33	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	36,367,748,946.23	0.00%
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
Grand Total	118,018,574,232.94	5,691,511,763,967.37	2.07%

Source: www.bsp.gov.ph

There are nine Philippine Banks with an Gross NPL Ratio greater than 30% of Total Loan Portfolio  (TLP).  These are as follows:

1. Progress Savings and Loan Bank Inc. (86.04% of TLP)
2. Comsavings Bank (85.21% of TLP)
3. Sampaguita Savings Bank Inc. (53.82% of TLP)
4. Northpoint Development Bank (52.69% of TLP)
5. United Overseas Bank Philippines (47.89% of TLP)
6. Bataan Development Bank (42.28% of TLP)
7. Opportunity Kauswagan Bank (36.88% of TLP)
8. World Partners Bank (35.27% of TLP)
9. Legazpi Savings Bank Inc (34.64% of TLP)

Of these banks, three banks are considered distressed:

1. Comsavings Bank (formerly GSIS Family Bank)
2. Bataan Development Bank
3. World Partners Bank
4. Legazpi Savings Bank Inc

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

On an overall basis, the Gross NPLs of Philippine Banks amounted to 9.87% of Stockholders Equity as of December 31, 2014.

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%

Source: www.bsp.gov.ph

Of the 99 banks in this list, twenty-six banks have a Gross NPL to Stockholders Equity Ratio of 30% or more as of December 31, 2014.  These banks are as follows:

1. Comsavings Bank (370.94% of SE)
2. Opportunity Kauswagan Bank, Inc. (194.07% of SE)
3. World Partners Bank (155.28% of SE)
4. Planters Development Bank (136.49% of SE)
5. Legazpi Savings Bank (130.18% of SE)
6. Bataan Development Bank (105.66% of SE)
7. Malayan Bank Savings and Mortgage Bank (65.78% of SE)
8. Security Bank Savings Corporation (60.54% of SE)
9. Northpoint Development Bank (60.52% of SE)
10. Equicom Savings Bank Inc. (58.25% of SE)
11. Luzon Development Bank (56.78% of SE)
12. Farmers Savings & Loan Bank Inc. (55.54% of SE)
13. Philippine Postal Savings Bank (54.03% of SE)
14. United Overseas Bank Philippines (51.60% of SE)
15. The Palawan Bank (44.89% of SE)
16. Sampaguita Savings Bank (44.37% of SE)
17. Wealth Development Bank Corporation (44.35% of SE)
18. Sterling Bank of Asia, Inc. (43.92% of SE)
19. Pampanga Development Bank (43.04% of SE)
20. 1st Valley Bank Inc (42.21% of SE)
21. Standard Chartered Bank (41.52% of SE)
22. Enterprise Bank Inc. (40.14% of SE)
23. Penbank Inc. (39.60% of SE)
24. Village Bank Inc (37.67% of SE)
25. Maritime Savings Bank Corporation (35.30% of SE)
26. TongYang Savings Bank Inc (31.48% of SE)

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

On an overall basis, the DOSRI Loans of Philippine Banks amounted to only 3.96% of their Total Loan Portfolio as of December 31, 2014.  Of the 99 banks, twenty-six banks reported having no DOSRI Loans.  Of the seventy-one banks with DOSRI Loans, thirty-eight banks had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, five banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:

1. World Partners Bank (25.75% of TLP)
2. Malasiqui Progressive SLB, Inc. (25.52% of TLP)
3. Development Bank of the Philippines (23.69% of TLP)
4. Queen City Development Bank (19.52% of TLP) 
5. Land Bank of the Philippines (15.75% of TLP) 

Philippine Banking System
DOSRI as % of TLP
December 31, 2014
	DOSRI	TLP	DOSRI/TLP
Bank	(In Php)	(In PHP)	(In %)
WORLD PARTNERS BANK (A THRIFT BANK)	91,416,487.53	355,001,455.05	25.75%
MALASIQUI PROGRESSIVE SLB, INC	10,656,500.00	41,762,803.30	25.52%
DEVELOPMENT BANK OF THE PHIL	39,110,977,800.38	165,114,260,001.00	23.69%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	226,380,276.69	1,159,920,117.43	19.52%
LAND BANK OF THE PHILIPPINES	72,481,590,529.23	460,251,195,185.46	15.75%
PAMPANGA DEVELOPMENT BANK	37,947,625.49	274,619,153.93	13.82%
VILLAGE BANK INC (A THRIFT BANK)	47,651,611.15	387,809,326.29	12.29%
LIFE SAVINGS BANK INC	9,137,754.13	75,693,456.89	12.07%
HIYAS BANKING CORPORATION	21,762,907.79	206,622,716.21	10.53%
TOWER DEVELOPMENT BANK	18,963,853.96	218,051,301.87	8.70%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	156,085,847.26	1,869,310,121.38	8.35%
DUMAGUETE CITY DEV BANK INC	39,761,525.97	482,179,707.58	8.25%
EAST WEST BANKING CORP	8,085,549,980.06	117,705,101,916.13	6.87%
INTER-ASIA DEVELOPMENT BANK	6,353,094.96	119,282,904.56	5.33%
PHIL NATIONAL BANK	13,740,252,378.18	289,718,191,822.47	4.74%
BDO UNIBANK INC	47,690,886,034.45	1,188,874,963,688.27	4.01%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,584,767.56	40,286,604.61	3.93%
ROBINSONS BANK CORPORATION	852,179,565.04	22,321,519,424.21	3.82%
COMSAVINGS BANK	8,150,097.57	224,455,453.84	3.63%
OPTIMUM DEVELOPMENT BANK INC	34,550,784.37	961,017,324.33	3.60%
CENTURY SAVINGS BANK CORPORATION	26,741,027.86	757,782,726.23	3.53%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	9,692,714.46	294,400,369.94	3.29%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,227,156,442.27	39,472,635,518.38	3.11%
BANK OF THE PHIL ISLANDS	18,244,987,065.42	633,893,057,501.13	2.88%
PHIL SAVINGS BANK	2,802,720,371.86	100,708,954,019.31	2.78%
RIZAL COMM'L BANKING CORP	5,344,614,212.09	203,942,688,069.14	2.62%
PHIL TRUST COMPANY	985,000,000.00	37,772,365,202.65	2.61%
CHINA BANKING CORP	5,896,399,344.77	249,953,798,769.83	2.36%
BANK OF AMERICA N.A.	40,272,641.68	1,774,385,038.41	2.27%
PHIL POSTAL SAVINGS BANK INC	91,794,016.99	5,729,831,549.37	1.60%
CORDILLERA SAVINGS BANK INC	2,595,383.85	177,959,029.59	1.46%
HSBC SAVINGS BANK(PHILS) INC	60,605,934.87	4,794,535,932.60	1.26%
PRODUCERS SAVINGS BANK CORPORATION	73,716,157.82	5,986,473,682.02	1.23%
THE PALAWAN BANK (PALAWAN DB) INC	2,103,723.11	235,215,674.00	0.89%
MARITIME SAVINGS BANK CORPORATION	1,197,845.00	140,986,578.65	0.85%
HONGKONG & SHANGHAI BANKING CORP	429,140,913.62	56,233,320,619.44	0.76%
UNION BANK OF THE PHILS	1,088,561,889.63	151,168,216,222.59	0.72%
METROPOLITAN BANK & TCO	4,867,691,380.90	693,943,171,873.43	0.70%
WEALTH DEVELOPMENT BANK CORPORATION	19,718,392.42	3,178,933,133.31	0.62%
PHILIPPINE VETERANS BANK	40,852,129.34	11,738,943,759.59	0.35%
MALAYAN BANK SAVINGS AND MORT BANK INC	13,955,095.55	4,070,228,077.46	0.34%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	56,361,646.97	16,595,401,071.36	0.34%
SECURITY BANK CORP	514,211,789.84	182,343,370,944.22	0.28%
UNITED COCONUT PLANTERS BANK	249,303,896.35	110,294,172,625.32	0.23%
JP MORGAN CHASE BANK NATIONAL ASSN.	44,865,403.22	23,070,257,639.47	0.19%
LUZON DEVELOPMENT BANK	5,420,869.02	3,172,485,979.80	0.17%
TONGYANG SAVINGS BANK INC	1,222,666.69	743,348,604.02	0.16%
PLANTERS DEVELOPMENT BANK	51,433,099.18	31,384,921,013.97	0.16%
ISLA BANK(A THRIFT BANK) INC	1,040,415.27	712,370,894.75	0.15%
SECURITY BANK SAVINGS CORPORATION	11,866,335.72	8,191,899,864.03	0.14%
ASIA UNITED BANK CORPORATION	89,003,729.36	69,360,688,111.77	0.13%
ANZ BANKING GROUP LTD	33,647,169.57	27,372,020,430.10	0.12%
CTBC BANK (PHILIPPINES) CORP	21,475,723.50	18,040,804,976.14	0.12%
FIRST CONSOLIDATED BANK INC (A PDB)	9,622,599.32	8,681,242,227.54	0.11%
CHINA BANK SAVINGS INC	14,044,607.99	14,394,949,451.64	0.10%
PHIL BANK OF COMMUNICATIONS	26,373,135.98	28,027,449,272.39	0.09%
RCBC SAVINGS BANK INC	49,028,071.60	52,675,478,381.23	0.09%
FARMERS SAVINGS & LOAN BANK INC	184,008.44	238,503,642.20	0.08%
ENTERPRISE BANK INC (A THRIFT BANK)	1,030,090.33	1,542,347,303.02	0.07%
CITY SAVINGS BANK INC	27,996,146.42	44,470,597,089.71	0.06%
STANDARD CHARTERED BANK	17,546,499.65	36,252,890,927.69	0.05%
UCPB SAVINGS BANK	4,896,221.85	10,284,250,040.58	0.05%
MAYBANK PHILIPPINES INC	18,500,000.00	48,485,373,592.33	0.04%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	13,512,810.53	36,367,748,946.23	0.04%
BPI FAMILY SAVINGS BANK INC	29,102,001.07	168,393,423,339.95	0.02%
KOREA EXCHANGE BANK	532,000.00	3,956,876,098.82	0.01%
BANK OF COMMERCE	5,484,563.02	43,433,101,345.44	0.01%
LEGAZPI SAVINGS BANK INC	116,700.53	1,143,131,002.43	0.01%
BPI DIRECT SAVINGS BANK INC	455,506.67	7,398,455,536.93	0.01%
UNITED OVERSEAS BANK PHILIPPINES	21,747.93	1,389,451,558.58	0.00%
CITIBANK, N.A.	162,471.05	116,077,710,245.65	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	5,180,264,126.00	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	188,530,366.10	0.00%
ALLIED SAVINGS BANK	0.00	8,966,343,417.83	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	7,406,446,476.66	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	9,208,622,577.50	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	391,219,042.93	0.00%
BATAAN DEVELOPMENT BANK	0.00	178,888,803.82	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	39,459,042.55	0.00%
BDO PRIVATE BANK, INC.	0.00	5,734,443,961.81	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	144,138,100.82	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	1,358,231,501.68	0.00%
DEUTSCHE BANK AG	0.00	16,177,672,320.09	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	119,460,063.38	0.00%
EQUICOM SAVINGS BANK INC	0.00	3,734,575,764.83	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	19,988,603,561.60	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	59,562,547.31	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	10,108,776,266.06	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	318,018,528.51	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	64,798,481.82	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	21,583,310,006.33	0.00%
NORTHPOINT DEV'T BANK INC	0.00	216,632,937.02	0.00%
PHIL STAR DEVELOPMENT BANK INC	0.00	43,519,666.20	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	8,638,908,279.52	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	1,472,078.37	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	45,633,566.20	0.00%
SUN SAVINGS BANK INC	0.00	324,518,794.68	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	425,863,698.56	0.00%
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
Grand Total	225,239,818,032.35	5,691,511,763,967.37	3.96%

Source: www.bsp.gov.ph

DOSRI Rules indicate that, in the aggregate, DOSRI Loans should not exceed the total equity of the bank.  Therefore banks with a significantly high DOSRI Loans as a percentage of Stockholders Equity may be approaching DOSRI Limits.  Generally speaking, the DOSRI Loans of Philippine Banks amounted to 18.83% of Stockholders Equity as of December 31, 2014.

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

1. World Partners Bank (113.36% of SE) 
2. Land Bank of the Philippines (96.34% of SE)
3. Development Bank of the Philippines (91.69% of SE)

Philippine Banking System
DOSRI as % of Stockholders Equity
December 31, 2014
	DOSRI	SE	DOSRI/SE
Bank	(In Php)	(In PHP)	(In %)
WORLD PARTNERS BANK (A THRIFT BANK)	91,416,487.53	80,643,986.91	113.36%
LAND BANK OF THE PHILIPPINES	72,481,590,529.23	75,234,783,027.35	96.34%
DEVELOPMENT BANK OF THE PHIL	39,110,977,800.38	42,653,844,817.96	91.69%
VILLAGE BANK INC (A THRIFT BANK)	47,651,611.15	74,568,904.10	63.90%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	156,085,847.26	288,584,995.92	54.09%
EAST WEST BANKING CORP	8,085,549,980.06	20,745,696,557.09	38.97%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	226,380,276.69	665,066,001.89	34.04%
PAMPANGA DEVELOPMENT BANK	37,947,625.49	123,946,940.03	30.62%
BDO UNIBANK INC	47,690,886,034.45	179,059,857,129.42	26.63%
MALASIQUI PROGRESSIVE SLB, INC	10,656,500.00	53,734,817.35	19.83%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	9,692,714.46	55,948,645.14	17.32%
DUMAGUETE CITY DEV BANK INC	39,761,525.97	232,313,049.70	17.12%
PHIL SAVINGS BANK	2,802,720,371.86	16,681,173,735.63	16.80%
TOWER DEVELOPMENT BANK	18,963,853.96	119,813,934.58	15.83%
COMSAVINGS BANK	8,150,097.57	51,557,430.04	15.81%
ROBINSONS BANK CORPORATION	852,179,565.04	5,621,867,397.15	15.16%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,227,156,442.27	8,128,989,824.54	15.10%
PHIL NATIONAL BANK	13,740,252,378.18	91,074,332,529.79	15.09%
HIYAS BANKING CORPORATION	21,762,907.79	163,812,636.61	13.29%
BANK OF THE PHIL ISLANDS	18,244,987,065.42	138,558,330,200.82	13.17%
LIFE SAVINGS BANK INC	9,137,754.13	71,318,816.97	12.81%
INTER-ASIA DEVELOPMENT BANK	6,353,094.96	53,229,095.13	11.94%
CHINA BANKING CORP	5,896,399,344.77	52,562,931,995.96	11.22%
RIZAL COMM'L BANKING CORP	5,344,614,212.09	52,906,032,378.78	10.10%
PHIL POSTAL SAVINGS BANK INC	91,794,016.99	975,558,653.14	9.41%
THE PALAWAN BANK (PALAWAN DB) INC	2,103,723.11	32,294,845.89	6.51%
PRODUCERS SAVINGS BANK CORPORATION	73,716,157.82	1,294,255,217.82	5.70%
WEALTH DEVELOPMENT BANK CORPORATION	19,718,392.42	413,815,470.23	4.77%
OPTIMUM DEVELOPMENT BANK INC	34,550,784.37	742,754,108.09	4.65%
PHIL TRUST COMPANY	985,000,000.00	23,149,137,314.30	4.26%
METROPOLITAN BANK & TCO	4,867,691,380.90	143,782,847,507.06	3.39%
JP MORGAN CHASE BANK NATIONAL ASSN.	44,865,403.22	1,481,859,799.42	3.03%
HONGKONG & SHANGHAI BANKING CORP	429,140,913.62	14,233,431,377.81	3.02%
CENTURY SAVINGS BANK CORPORATION	26,741,027.86	926,046,140.29	2.89%
HSBC SAVINGS BANK(PHILS) INC	60,605,934.87	2,153,204,490.35	2.81%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	56,361,646.97	2,117,064,844.85	2.66%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,584,767.56	60,384,885.53	2.62%
PLANTERS DEVELOPMENT BANK	51,433,099.18	2,187,804,734.29	2.35%
CORDILLERA SAVINGS BANK INC	2,595,383.85	116,139,748.78	2.23%
UNION BANK OF THE PHILS	1,088,561,889.63	51,917,273,142.12	2.10%
BANK OF AMERICA N.A.	40,272,641.68	2,096,061,205.20	1.92%
MARITIME SAVINGS BANK CORPORATION	1,197,845.00	63,570,191.70	1.88%
MALAYAN BANK SAVINGS AND MORT BANK INC	13,955,095.55	969,251,350.17	1.44%
UNITED COCONUT PLANTERS BANK	249,303,896.35	19,085,612,213.74	1.31%
SECURITY BANK SAVINGS CORPORATION	11,866,335.72	1,074,321,783.93	1.10%
SECURITY BANK CORP	514,211,789.84	46,752,054,373.79	1.10%
LUZON DEVELOPMENT BANK	5,420,869.02	523,936,166.23	1.03%
ANZ BANKING GROUP LTD	33,647,169.57	4,329,270,268.11	0.78%
PHILIPPINE VETERANS BANK	40,852,129.34	5,957,168,770.43	0.69%
RCBC SAVINGS BANK INC	49,028,071.60	8,169,102,935.60	0.60%
CHINA BANK SAVINGS INC	14,044,607.99	2,636,463,097.36	0.53%
CITY SAVINGS BANK INC	27,996,146.42	5,971,597,899.22	0.47%
ASIA UNITED BANK CORPORATION	89,003,729.36	20,067,313,151.29	0.44%
ENTERPRISE BANK INC (A THRIFT BANK)	1,030,090.33	241,377,373.20	0.43%
FIRST CONSOLIDATED BANK INC (A PDB)	9,622,599.32	2,863,758,672.50	0.34%
CTBC BANK (PHILIPPINES) CORP	21,475,723.50	6,517,843,338.80	0.33%
TONGYANG SAVINGS BANK INC	1,222,666.69	380,519,964.95	0.32%
PHIL BANK OF COMMUNICATIONS	26,373,135.98	8,229,622,845.02	0.32%
STANDARD CHARTERED BANK	17,546,499.65	6,135,671,499.22	0.29%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	13,512,810.53	4,817,817,299.22	0.28%
UCPB SAVINGS BANK	4,896,221.85	1,989,871,530.52	0.25%
MAYBANK PHILIPPINES INC	18,500,000.00	10,427,672,613.35	0.18%
FARMERS SAVINGS & LOAN BANK INC	184,008.44	107,747,607.25	0.17%
ISLA BANK(A THRIFT BANK) INC	1,040,415.27	657,505,825.66	0.16%
BPI FAMILY SAVINGS BANK INC	29,102,001.07	21,878,039,272.60	0.13%
KOREA EXCHANGE BANK	532,000.00	1,309,725,034.11	0.04%
LEGAZPI SAVINGS BANK INC	116,700.53	304,192,760.13	0.04%
BPI DIRECT SAVINGS BANK INC	455,506.67	1,257,488,906.14	0.04%
BANK OF COMMERCE	5,484,563.02	15,588,633,047.75	0.04%
UNITED OVERSEAS BANK PHILIPPINES	21,747.93	1,289,507,257.01	0.00%
CITIBANK, N.A.	162,471.05	13,410,800,271.40	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	1,220,634,654.64	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	373,732,861.42	0.00%
ALLIED SAVINGS BANK	0.00	11,051,756,508.35	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	3,117,972,365.47	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	2,694,837,350.55	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	559,078,408.27	0.00%
BATAAN DEVELOPMENT BANK	0.00	71,576,468.39	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	62,701,719.89	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%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	84,786,025.62	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	380,897,597.73	0.00%
DEUTSCHE BANK AG	0.00	2,819,574,200.68	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	93,527,563.09	0.00%
EQUICOM SAVINGS BANK INC	0.00	667,176,129.84	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	11,960,468,678.96	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	75,527,595.02	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	2,033,655,487.53	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	432,072,361.75	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	62,954,893.13	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,780,650,478.67	0.00%
NORTHPOINT DEV'T BANK INC	0.00	188,592,014.32	0.00%
PHIL STAR DEVELOPMENT BANK INC	0.00	75,863,517.57	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	1,938,330,419.80	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	83,525,324.63	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	55,352,039.07	0.00%
SUN SAVINGS BANK INC	0.00	103,480,637.71	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	396,019,827.49	0.00%
Grand Total	225,239,818,032.35	1,195,924,903,989.03	18.83%

Source: www.bsp.gov.ph

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

1. Written off as soon as possible;
2. Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
3. Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due). 

As a result, Philippine Banks reported that Php 411.092 million, or 0.18% of its DOSRI Loans fell past due as of December 31, 2014.  Of the seventy-four banks with DOSRI Loans, fifty-eight banks had zero past due DOSRI Loans.  Only one bank had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio as of December 31, 2014: Legazpi Savings Bank Inc with 40.84% of its DOSRI Loans past due.

Philippine Banking System
DOSRI Past Due as % of DOSRI
December 31, 2014
	DOSRI Past Due	DOSRI	DOSRI Past Due/DOSRI
Bank	(In PHP)	(In PHP)	(In %)
LEGAZPI SAVINGS BANK INC	47,665.89	116,700.53	40.84%
PHIL SAVINGS BANK	395,877,638.29	2,802,720,371.86	14.12%
UNITED COCONUT PLANTERS BANK	3,132,453.52	249,303,896.35	1.26%
PHIL BANK OF COMMUNICATIONS	219,120.15	26,373,135.98	0.83%
CHINA BANK SAVINGS INC	60,309.44	14,044,607.99	0.43%
MALAYAN BANK SAVINGS AND MORT BANK INC	55,652.28	13,955,095.55	0.40%
UNITED OVERSEAS BANK PHILIPPINES	36.00	21,747.93	0.17%
BANK OF THE PHIL ISLANDS	9,088,598.40	18,244,987,065.42	0.05%
RIZAL COMM'L BANKING CORP	1,130,985.99	5,344,614,212.09	0.02%
PHIL NATIONAL BANK	313,058.29	13,740,252,378.18	0.00%
BDO UNIBANK INC	563,116.77	47,690,886,034.45	0.00%
LAND BANK OF THE PHILIPPINES	556,437.68	72,481,590,529.23	0.00%
EAST WEST BANKING CORP	47,084.34	8,085,549,980.06	0.00%
ANZ BANKING GROUP LTD	0.00	33,647,169.57	0.00%
ASIA UNITED BANK CORPORATION	0.00	89,003,729.36	0.00%
BANK OF AMERICA N.A.	0.00	40,272,641.68	0.00%
BANK OF COMMERCE	0.00	5,484,563.02	0.00%
BPI DIRECT SAVINGS BANK INC	0.00	455,506.67	0.00%
BPI FAMILY SAVINGS BANK INC	0.00	29,102,001.07	0.00%
CENTURY SAVINGS BANK CORPORATION	0.00	26,741,027.86	0.00%
CHINA BANKING CORP	0.00	5,896,399,344.77	0.00%
CITIBANK, N.A.	0.00	162,471.05	0.00%
CITY SAVINGS BANK INC	0.00	27,996,146.42	0.00%
COMSAVINGS BANK	0.00	8,150,097.57	0.00%
CORDILLERA SAVINGS BANK INC	0.00	2,595,383.85	0.00%
CTBC BANK (PHILIPPINES) CORP	0.00	21,475,723.50	0.00%
DEVELOPMENT BANK OF THE PHIL	0.00	39,110,977,800.38	0.00%
DUMAGUETE CITY DEV BANK INC	0.00	39,761,525.97	0.00%
ENTERPRISE BANK INC (A THRIFT BANK)	0.00	1,030,090.33	0.00%
FARMERS SAVINGS & LOAN BANK INC	0.00	184,008.44	0.00%
FIRST CONSOLIDATED BANK INC (A PDB)	0.00	9,622,599.32	0.00%
HIYAS BANKING CORPORATION	0.00	21,762,907.79	0.00%
HONGKONG & SHANGHAI BANKING CORP	0.00	429,140,913.62	0.00%
HSBC SAVINGS BANK(PHILS) INC	0.00	60,605,934.87	0.00%
INTER-ASIA DEVELOPMENT BANK	0.00	6,353,094.96	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	1,040,415.27	0.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	44,865,403.22	0.00%
KOREA EXCHANGE BANK	0.00	532,000.00	0.00%
LIFE SAVINGS BANK INC	0.00	9,137,754.13	0.00%
LUZON DEVELOPMENT BANK	0.00	5,420,869.02	0.00%
MALASIQUI PROGRESSIVE SLB, INC	0.00	10,656,500.00	0.00%
MARITIME SAVINGS BANK CORPORATION	0.00	1,197,845.00	0.00%
MAYBANK PHILIPPINES INC	0.00	18,500,000.00	0.00%
METROPOLITAN BANK & TCO	0.00	4,867,691,380.90	0.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	0.00	9,692,714.46	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	34,550,784.37	0.00%
PAMPANGA DEVELOPMENT BANK	0.00	37,947,625.49	0.00%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	0.00	156,085,847.26	0.00%
PHIL POSTAL SAVINGS BANK INC	0.00	91,794,016.99	0.00%
PHIL TRUST COMPANY	0.00	985,000,000.00	0.00%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	0.00	1,227,156,442.27	0.00%
PHILIPPINE VETERANS BANK	0.00	40,852,129.34	0.00%
PLANTERS DEVELOPMENT BANK	0.00	51,433,099.18	0.00%
PRODUCERS SAVINGS BANK CORPORATION	0.00	73,716,157.82	0.00%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	0.00	226,380,276.69	0.00%
QUEZON COCONUT BANK INC (A THRIFT BANK)	0.00	1,584,767.56	0.00%
RCBC SAVINGS BANK INC	0.00	49,028,071.60	0.00%
ROBINSONS BANK CORPORATION	0.00	852,179,565.04	0.00%
SECURITY BANK CORP	0.00	514,211,789.84	0.00%
SECURITY BANK SAVINGS CORPORATION	0.00	11,866,335.72	0.00%
STANDARD CHARTERED BANK	0.00	17,546,499.65	0.00%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	0.00	56,361,646.97	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	13,512,810.53	0.00%
THE PALAWAN BANK (PALAWAN DB) INC	0.00	2,103,723.11	0.00%
TONGYANG SAVINGS BANK INC	0.00	1,222,666.69	0.00%
TOWER DEVELOPMENT BANK	0.00	18,963,853.96	0.00%
UCPB SAVINGS BANK	0.00	4,896,221.85	0.00%
UNION BANK OF THE PHILS	0.00	1,088,561,889.63	0.00%
VILLAGE BANK INC (A THRIFT BANK)	0.00	47,651,611.15	0.00%
WEALTH DEVELOPMENT BANK CORPORATION	0.00	19,718,392.42	0.00%
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	91,416,487.53	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	0.00	NA
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	0.00	NA
ALLIED SAVINGS BANK	0.00	0.00	NA
BANGKOK BANK PUBLIC CO LTD	0.00	0.00	NA
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	0.00	NA
BANK ONE SAVINGS AND TRUST CORP.	0.00	0.00	NA
BATAAN DEVELOPMENT BANK	0.00	0.00	NA
BATAAN SAVINGS AND LOAN BANK	0.00	0.00	NA
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
BDO PRIVATE BANK, INC.	0.00	0.00	NA
BUSINESS AND CONSUMERS BANK (A DB)	0.00	0.00	NA
CARD SME BANK INC A THRIFT BANK	0.00	0.00	NA
DEUTSCHE BANK AG	0.00	0.00	NA
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	0.00	NA
EQUICOM SAVINGS BANK INC	0.00	0.00	NA
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	0.00	NA
LEMERY SAVINGS & LOAN BANK, INC.	0.00	0.00	NA
MEGA INT'L COMM'L BANK CO LTD	0.00	0.00	NA
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	0.00	NA
METRO CEBU PUBLIC SAVINGS BANK	0.00	0.00	NA
MIZUHO BANK LTD - MANILA BRANCH	0.00	0.00	NA
NORTHPOINT DEV'T BANK INC	0.00	0.00	NA
PHIL STAR DEVELOPMENT BANK INC	0.00	0.00	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	0.00	NA
PROGRESS SAVINGS AND LOAN BANK INC	0.00	0.00	NA
SAMPAGUITA SAVINGS BANK INC	0.00	0.00	NA
SUN SAVINGS BANK INC	0.00	0.00	NA
UNIVERSITY SAVINGS BANK INC	0.00	0.00	NA
Grand Total	411,092,157.04	225,239,818,032.35	0.18%

Source: www.bsp.gov.ph