Philippine Banks Improve in the 1st Qtr. of 2015

Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning. Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.

Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency, because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks  

Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks increased by Php 35.733 billion or 5.41% from December 31, 2014 to March 31, 2015.  This increase was offset by a 5.85% increase in their Total Capital Cushion during the same period.  As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by 0.42%, from 54.42% as of December 31, 2014 to 54.20% as of March 31, 2015. On a year on year basis, the Distressed Asset Ratio has dropped 5.87% from 57.58% as of March 31, 2014 to 54.20% as of March 31, 2015.

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

1. BDO Elite Savings Bank (50.92% decrease)
2. Robinsons Bank Corporation (34.09% decrease)
3. Optimum Development Bank (27.78% decrease)
4. United Coconut Planters Bank (27.74% decrease)
5. Progress Savings and Loan Bank Inc. (25.68% decrease)

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

1. Security Bank Savings Corporation (462.34% increase)
2. JP Morgan Chase Bank National Association (336.83% increase)
3. Tower Development Bank 239.34% increase)
4. Internationale Nederlanden Groep Bk (239.34% increase)
5. Security Bank Corp (94.50% increase)
6. Standard Chartered Bank (72.99% increase)
7. BPI Globe Banko Inc (65.42% increase)
8. Opportunity Kauswagan Bank (61.08% increase)
9. Bank of America N.A. (56.77% increase)
10. MBank Philippines (47.76% increase)
11. Luzon Development Bank (45.59% increase)
12. The Bank of Tokyo Mitsubishi UFJ Ltd (39.35% increase)
13. Legazpi Savings Bank (38.18% increase)
14. Microfinance Maximum SB (38.15% increase)
15. BDO Private Bank (35.92% increase)
16. Planters Development Bank (29.40% increase)
17. Northpoint Development Bank (27.37% increase)
18. Metro Cebu Public Savings Bank (27.12% increase)

Distressed Banks


Six of the eighteen banks with significant increases have been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the March 31, 2014. These banks are Security Bank Savings Corporation (which had a distressed ratio of 553.54%), BPI Globe Banko Inc (distressed ratio of 175.09%), Opportunity Kauswagan Bank (distressed ratio of 141.92%), Luzon Development Bank (distressed ratio of 112.46%, Legazpi Savings Bank (distressed ratio of 1233.96%), and Planters Development Bank (distressed ratio of 247.76%).

The list of Philippine Banks classified as distressed as of March 31, 2015 are as follows:

1. Comsavings Bank (Distressed Ratio of 68,226.10%)
2. Legazpi Savings Bank (Distressed Ratio of 1233.96%)
3. Village Bank Inc. (Distressed Ratio of 685.20%)
4. Security Bank Savings Corporation (Distressed Ratio of 553.54%)
5. Bank of China Limited - Manila Branch (Distressed Ratio of 370.08%)
6. United Coconut Planters Bank (Distressed Ratio of 318.99%)
7. Business and Consumers Bank (Distressed Ratio of 273.04%)
8. Inter-Asia Development Bank (Distressed Ratio of 258.40%)
9. Planters Development Bank (Distressed Ratio of 247.76%)
10. Citibank, N.A. (Distressed Ratio of 214.68%)
11. Bank of Commerce (Distressed Ratio of 184.10%)
12. BPI Globe Banko Inc (Distressed Ratio of 175.09%)
13. Opportunity Kauswagan Bank Inc (Distressed Ratio of 141.92%)
14. World Partners Bank (Distressed Ratio of 141.80%)
15. Bataan Development Bank (Distressed Ratio of 138.11%)
16. Malayan Bank Savings and Mortgage Bank (128.80%)
17. Enterprise Bank Inc. (Distressed Ratio of 119.89%)
18. Luzon Development Bank (Distressed Ratio of 112.46%)
19. RCBC Savings Bank Inc. (Distressed Ratio of 109.36%)
20. Wealth Development Bank Corporation (Distressed Ratio of 106.91%)
21. Philippine Bank of Communications (Distressed Ratio of 103.47%)

It is important to note that Comsavings Bank has an extremely high distressed ratio because it only has Php 38.534 million in stockholder's equity supporting Php 2.110 billion in distressed assets as of March 31, 2015.

As a group the distressed banks showed some deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 212.19% as of March 31, 2015, up from 205.15% as of December 31, 2014.  

Departures

There have been several departures from the list of Distressed Banks since September 30, 2014.

1. China Bank Savings Inc, which had a distressed ratio of 105.82% as of December 31, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 96.47% as of March 31, 2015.
2. Deutsche Bank AG, which had a distressed ratio of 102.27% as of December 31, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 85.59% as of March 31, 2015.
3. Philippine Resources Savings Banking Corporation, which had a distressed ratio of 101.19% as of December 31, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 101.19% as of March 31, 2015.

Arrivals

Four banks entered the Distressed Banks list.  They are as follows:

1. Security Bank Savings Corporation, which had a distressed ratio of 98.44% as of December 31, 2014, now has a distressed ratio of 553.54% as of March 31, 2015.
2. Opportunity Kauswagan Bank Inc, which had a distressed ratio of 88.11% as of December 31, 2014, now has a distressed ratio of 141.92% as of March 31, 2015.
3. Luzon Development Bank, which had a distressed ratio of 77.24% as of December 31, 2015, now has a distressed ratio of 112.46% as of March 31, 2015.
4. Wealth Development Bank Corporation, which had a distressed ratio of 95.73% as of December 31, 2014, now has a distressed ratio of 106.91% as of March 31, 2015.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2014 to March 31, 2015
In Php
Bank	March 31, 2015	December 31, 2014	Variance	% Variance
SECURITY BANK SAVINGS CORPORATION	553.54%	98.44%	455.11%	462.34%
JP MORGAN CHASE BANK NATIONAL ASSN.	17.22%	3.94%	13.27%	336.83%
TOWER DEVELOPMENT BANK	60.10%	17.71%	42.39%	239.34%
INTERNATIONALE NEDERLANDEN GROEP BK	6.29%	2.30%	3.98%	172.87%
SECURITY BANK CORP	47.32%	24.33%	22.99%	94.50%
STANDARD CHARTERED BANK	78.32%	45.27%	33.04%	72.99%
BPI GLOBE BANKO INC A SAVINGS BANK	175.09%	105.84%	69.24%	65.42%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	141.92%	88.11%	53.81%	61.08%
BANK OF AMERICA N.A.	2.20%	1.40%	0.80%	56.77%
MBANK PHILIPPINES (A THRIFT BANK) INC	84.22%	57.00%	27.22%	47.76%
LUZON DEVELOPMENT BANK	112.46%	77.24%	35.22%	45.59%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.12%	1.52%	0.60%	39.35%
LEGAZPI SAVINGS BANK INC	1233.96%	893.00%	340.96%	38.18%
MICROFINANCE MAXIMUM SB INC	38.72%	28.03%	10.69%	38.15%
BDO PRIVATE BANK, INC.	24.10%	17.73%	6.37%	35.92%
PLANTERS DEVELOPMENT BANK	247.76%	191.46%	56.30%	29.40%
NORTHPOINT DEV'T BANK INC	60.75%	47.69%	13.06%	27.37%
METRO CEBU PUBLIC SAVINGS BANK	76.04%	59.82%	16.22%	27.12%
METROPOLITAN BANK & TCO	39.10%	31.47%	7.63%	24.24%
ANZ BANKING GROUP LTD	26.73%	21.67%	5.06%	23.36%
SUN SAVINGS BANK INC	14.46%	11.82%	2.64%	22.31%
MEGA INT'L COMM'L BANK CO LTD	37.61%	30.92%	6.69%	21.65%
LIFE SAVINGS BANK INC	45.63%	37.64%	7.99%	21.22%
QUEZON COCONUT BANK INC (A THRIFT BANK)	30.93%	25.75%	5.18%	20.12%
HONGKONG & SHANGHAI BANKING CORP	37.97%	32.58%	5.39%	16.53%
HIYAS BANKING CORPORATION	16.70%	14.60%	2.10%	14.37%
KOREA EXCHANGE BANK	40.22%	35.42%	4.80%	13.55%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	26.72%	23.80%	2.92%	12.26%
COMSAVINGS BANK	68226.10%	60913.00%	7313.10%	12.01%
WEALTH DEVELOPMENT BANK CORPORATION	106.91%	95.73%	11.18%	11.68%
CITIBANK, N.A.	214.68%	195.89%	18.79%	9.59%
BANK ONE SAVINGS AND TRUST CORP.	41.69%	38.07%	3.62%	9.52%
MIZUHO BANK LTD - MANILA BRANCH	17.18%	15.87%	1.31%	8.28%
MERCHANTS SAVINGS & LOAN ASSN INC	59.01%	54.73%	4.28%	7.81%
RIZAL COMM'L BANKING CORP	39.20%	36.87%	2.33%	6.32%
CITYSTATE SAVINGS BANK INC	42.46%	40.11%	2.35%	5.87%
PHIL STAR DEVELOPMENT BANK INC	58.79%	55.58%	3.22%	5.79%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	5.03%	4.77%	0.26%	5.53%
TONGYANG SAVINGS BANK INC	62.93%	59.74%	3.19%	5.35%
WORLD PARTNERS BANK (A THRIFT BANK)	141.80%	135.09%	6.71%	4.97%
ASIA UNITED BANK CORPORATION	40.75%	39.31%	1.44%	3.67%
UNION BANK OF THE PHILS	67.70%	65.58%	2.12%	3.24%
FIRST CONSOLIDATED BANK INC (A PDB)	32.25%	31.26%	0.99%	3.18%
BUSINESS AND CONSUMERS BANK (A DB)	273.04%	268.02%	5.02%	1.87%
PNB SAVINGS BANK	6.34%	6.23%	0.11%	1.78%
UNITED OVERSEAS BANK PHILIPPINES	42.96%	42.28%	0.67%	1.60%
1ST VALLEY BANK INC A DEVELOPMENT BANK	54.75%	53.96%	0.79%	1.47%
BANGKOK BANK PUBLIC CO LTD	2.00%	1.97%	0.03%	1.37%
CENTURY SAVINGS BANK CORPORATION	13.70%	13.52%	0.18%	1.35%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	56.54%	56.10%	0.44%	0.79%
PHIL BANK OF COMMUNICATIONS	103.47%	102.76%	0.71%	0.69%
PAMPANGA DEVELOPMENT BANK	41.75%	41.62%	0.13%	0.32%
DUMAGUETE CITY DEV BANK INC	86.90%	86.71%	0.19%	0.21%
BANK OF COMMERCE	184.10%	184.58%	-0.47%	-0.26%
UCPB SAVINGS BANK	94.54%	95.17%	-0.62%	-0.66%
MALAYAN BANK SAVINGS AND MORT BANK INC	128.80%	129.81%	-1.02%	-0.78%
UNIVERSITY SAVINGS BANK INC	42.53%	43.22%	-0.69%	-1.59%
PHIL NATIONAL BANK	68.31%	69.64%	-1.33%	-1.91%
EQUICOM SAVINGS BANK INC	96.78%	98.81%	-2.02%	-2.05%
ISLA BANK(A THRIFT BANK) INC	3.01%	3.07%	-0.07%	-2.22%
PRODUCERS SAVINGS BANK CORPORATION	74.86%	76.87%	-2.00%	-2.61%
MAYBANK PHILIPPINES INC	36.36%	37.34%	-0.98%	-2.62%
PHILIPPINE VETERANS BANK	83.21%	85.65%	-2.44%	-2.84%
INTER-ASIA DEVELOPMENT BANK	258.40%	267.59%	-9.19%	-3.43%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	19.41%	20.13%	-0.72%	-3.56%
VILLAGE BANK INC (A THRIFT BANK)	685.20%	712.56%	-27.37%	-3.84%
PHIL TRUST COMPANY	29.29%	30.59%	-1.31%	-4.27%
BATAAN DEVELOPMENT BANK	138.11%	144.69%	-6.59%	-4.55%
SAMPAGUITA SAVINGS BANK INC	31.94%	33.96%	-2.02%	-5.94%
FARMERS SAVINGS & LOAN BANK INC	89.38%	95.88%	-6.50%	-6.78%
BATAAN SAVINGS AND LOAN BANK	14.66%	15.74%	-1.08%	-6.89%
PACIFIC ACE SAVINGS BANK INC	9.59%	10.33%	-0.74%	-7.16%
LEMERY SAVINGS & LOAN BANK, INC.	16.56%	17.90%	-1.33%	-7.45%
PHIL SAVINGS BANK	78.50%	85.07%	-6.57%	-7.73%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	85.66%	92.90%	-7.24%	-7.79%
THE PALAWAN BANK (PALAWAN DB) INC	66.13%	71.80%	-5.67%	-7.90%
CHINA BANKING CORP	34.96%	38.15%	-3.20%	-8.38%
HSBC SAVINGS BANK(PHILS) INC	17.64%	19.33%	-1.69%	-8.73%
CHINA BANK SAVINGS INC	96.47%	105.82%	-9.35%	-8.84%
EAST WEST BANKING CORP	80.34%	89.02%	-8.68%	-9.75%
ENTERPRISE BANK INC (A THRIFT BANK)	119.89%	133.68%	-13.78%	-10.31%
BDO UNIBANK INC	49.56%	55.30%	-5.74%	-10.39%
MARITIME SAVINGS BANK CORPORATION	49.41%	55.91%	-6.50%	-11.62%
BANK OF CHINA LIMITED-MANILA BRANCH	370.08%	420.43%	-50.35%	-11.98%
DEVELOPMENT BANK OF THE PHIL	39.34%	44.81%	-5.47%	-12.21%
CORDILLERA SAVINGS BANK INC	57.62%	66.36%	-8.74%	-13.17%
RCBC SAVINGS BANK INC	109.36%	126.64%	-17.28%	-13.65%
BPI FAMILY SAVINGS BANK INC	43.70%	50.88%	-7.18%	-14.12%
PHIL POSTAL SAVINGS BANK INC	56.63%	66.48%	-9.85%	-14.82%
LAND BANK OF THE PHILIPPINES	35.33%	41.59%	-6.26%	-15.06%
DEUTSCHE BANK AG	85.59%	102.27%	-16.68%	-16.31%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	37.96%	45.95%	-7.98%	-17.37%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	83.18%	101.19%	-18.01%	-17.80%
BANK OF THE PHIL ISLANDS	21.06%	25.91%	-4.84%	-18.69%
CTBC BANK (PHILIPPINES) CORP	17.30%	21.89%	-4.59%	-20.97%
BPI DIRECT SAVINGS BANK INC	18.15%	23.10%	-4.95%	-21.42%
CARD SME BANK INC A THRIFT BANK	20.89%	26.85%	-5.96%	-22.19%
CITY SAVINGS BANK INC	23.43%	30.42%	-7.00%	-23.00%
MALASIQUI PROGRESSIVE SLB, INC	13.21%	17.41%	-4.21%	-24.15%
PROGRESS SAVINGS AND LOAN BANK INC	2.13%	2.86%	-0.73%	-25.68%
UNITED COCONUT PLANTERS BANK	318.99%	441.42%	-122.43%	-27.74%
OPTIMUM DEVELOPMENT BANK INC	25.79%	35.70%	-9.92%	-27.78%
ROBINSONS BANK CORPORATION	31.73%	48.14%	-16.41%	-34.09%
BDO ELITE SAVINGS BANK INC	5.44%	11.09%	-5.65%	-50.92%
	54.20%	54.42%	-0.23%	-0.42%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2014 to March 31, 2015
In Php
		March 31, 2015				December 31, 2014				Variance				% Variance
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)		Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)		Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)		Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
COMSAVINGS BANK	1,392,235,785.54	2,040,620.46	68226.10%		1,398,070,410.89	2,295,192.29	60913.00%		-5,834,625.35	-254,571.83	7313.10%		-0.42%	-11.09%	12.01%
LEGAZPI SAVINGS BANK INC	884,365,653.38	71,668,890.19	1233.96%		887,433,967.77	99,376,544.76	893.00%		-3,068,314.39	-27,707,654.57	340.96%		-0.35%	-27.88%	38.18%
VILLAGE BANK INC (A THRIFT BANK)	625,792,779.99	91,330,174.05	685.20%		623,040,423.79	87,436,393.60	712.56%		2,752,356.20	3,893,780.45	-27.37%		0.44%	4.45%	-3.84%
SECURITY BANK SAVINGS CORPORATION	8,792,570,281.33	1,588,413,414.97	553.54%		1,567,267,759.24	1,592,166,669.95	98.44%		7,225,302,522.09	-3,753,254.98	455.11%		461.01%	-0.24%	462.34%
BANK OF CHINA LIMITED-MANILA BRANCH	9,701,132,952.32	2,621,331,502.11	370.08%		10,482,067,027.06	2,493,167,070.43	420.43%		-780,934,074.74	128,164,431.68	-50.35%		-7.45%	5.14%	-11.98%
UNITED COCONUT PLANTERS BANK	38,371,824,198.96	12,029,067,773.11	318.99%		40,277,238,768.90	9,124,414,677.15	441.42%		-1,905,414,569.94	2,904,653,095.96	-122.43%		-4.73%	31.83%	-27.74%
BUSINESS AND CONSUMERS BANK (A DB)	250,256,031.46	91,656,352.27	273.04%		236,908,467.75	88,393,318.46	268.02%		13,347,563.71	3,263,033.81	5.02%		5.63%	3.69%	1.87%
INTER-ASIA DEVELOPMENT BANK	157,476,998.01	60,943,659.80	258.40%		159,467,392.11	59,594,775.33	267.59%		-1,990,394.10	1,348,884.47	-9.19%		-1.25%	2.26%	-3.43%
PLANTERS DEVELOPMENT BANK	7,694,440,581.41	3,105,561,377.23	247.76%		7,570,814,634.74	3,954,154,673.31	191.46%		123,625,946.67	-848,593,296.08	56.30%		1.63%	-21.46%	29.40%
CITIBANK, N.A.	44,424,387,936.09	20,692,983,956.61	214.68%		40,615,649,358.11	20,733,444,720.19	195.89%		3,808,738,577.98	-40,460,763.58	18.79%		9.38%	-0.20%	9.59%
BANK OF COMMERCE	33,682,584,191.30	18,295,365,969.21	184.10%		33,796,042,237.49	18,309,894,416.75	184.58%		-113,458,046.19	-14,528,447.54	-0.47%		-0.34%	-0.08%	-0.26%
BPI GLOBE BANKO INC A SAVINGS BANK	555,903,167.02	317,502,753.38	175.09%		591,845,987.03	559,172,789.05	105.84%		-35,942,820.01	-241,670,035.67	69.24%		-6.07%	-43.22%	65.42%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	173,109,221.85	121,973,635.48	141.92%		149,762,322.88	169,973,982.35	88.11%		23,346,898.97	-48,000,346.87	53.81%		15.59%	-28.24%	61.08%
WORLD PARTNERS BANK (A THRIFT BANK)	188,496,902.09	132,927,437.25	141.80%		219,765,151.79	162,677,786.98	135.09%		-31,268,249.70	-29,750,349.73	6.71%		-14.23%	-18.29%	4.97%
BATAAN DEVELOPMENT BANK	116,429,963.36	84,304,826.74	138.11%		116,229,730.49	80,329,179.48	144.69%		200,232.87	3,975,647.26	-6.59%		0.17%	4.95%	-4.55%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,647,916,302.99	1,279,482,144.80	128.80%		1,627,040,748.55	1,253,359,735.13	129.81%		20,875,554.44	26,122,409.67	-1.02%		1.28%	2.08%	-0.78%
ENTERPRISE BANK INC (A THRIFT BANK)	355,418,512.52	296,449,412.77	119.89%		341,881,853.01	255,755,374.86	133.68%		13,536,659.51	40,694,037.91	-13.78%		3.96%	15.91%	-10.31%
LUZON DEVELOPMENT BANK	697,730,290.03	620,410,762.14	112.46%		446,964,841.83	578,638,564.35	77.24%		250,765,448.20	41,772,197.79	35.22%		56.10%	7.22%	45.59%
RCBC SAVINGS BANK INC	10,744,616,197.03	9,825,342,006.76	109.36%		10,911,337,064.66	8,615,964,747.99	126.64%		-166,720,867.63	1,209,377,258.77	-17.28%		-1.53%	14.04%	-13.65%
WEALTH DEVELOPMENT BANK CORPORATION	513,576,138.61	480,371,548.58	106.91%		450,033,969.13	470,106,341.85	95.73%		63,542,169.48	10,265,206.73	11.18%		14.12%	2.18%	11.68%
PHIL BANK OF COMMUNICATIONS	8,184,723,134.45	7,910,385,394.08	103.47%		8,173,759,452.41	7,954,329,897.34	102.76%		10,963,682.04	-43,944,503.26	0.71%		0.13%	-0.55%	0.69%
EQUICOM SAVINGS BANK INC	743,541,975.31	768,259,083.16	96.78%		728,483,762.74	737,293,772.55	98.81%		15,058,212.57	30,965,310.61	-2.02%		2.07%	4.20%	-2.05%
CHINA BANK SAVINGS INC	2,742,937,685.35	2,843,349,806.94	96.47%		2,984,956,647.23	2,820,790,084.25	105.82%		-242,018,961.88	22,559,722.69	-9.35%		-8.11%	0.80%	-8.84%
UCPB SAVINGS BANK	2,400,383,875.78	2,538,952,565.15	94.54%		2,417,178,378.13	2,539,953,439.25	95.17%		-16,794,502.35	-1,000,874.10	-0.62%		-0.69%	-0.04%	-0.66%
FARMERS SAVINGS & LOAN BANK INC	120,511,672.71	134,827,515.80	89.38%		129,376,526.17	134,938,703.28	95.88%		-8,864,853.46	-111,187.48	-6.50%		-6.85%	-0.08%	-6.78%
DUMAGUETE CITY DEV BANK INC	207,966,189.06	239,322,684.57	86.90%		207,520,022.18	239,322,684.57	86.71%		446,166.88	0.00	0.19%		0.21%	0.00%	0.21%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,464,271,181.95	2,876,685,571.45	85.66%		2,604,048,417.73	2,803,051,740.85	92.90%		-139,777,235.78	73,633,830.60	-7.24%		-5.37%	2.63%	-7.79%
DEUTSCHE BANK AG	1,896,315,916.56	2,215,707,540.15	85.59%		2,438,930,725.66	2,384,846,604.99	102.27%		-542,614,809.10	-169,139,064.84	-16.68%		-22.25%	-7.09%	-16.31%
MBANK PHILIPPINES (A THRIFT BANK) INC	104,203,342.70	123,726,994.24	84.22%		124,575,018.91	218,557,057.71	57.00%		-20,371,676.21	-94,830,063.47	27.22%		-16.35%	-43.39%	47.76%
PHILIPPINE VETERANS BANK	6,078,788,235.32	7,305,012,418.21	83.21%		6,090,883,229.30	7,111,418,438.53	85.65%		-12,094,993.98	193,593,979.68	-2.44%		-0.20%	2.72%	-2.84%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	1,828,509,178.97	2,198,216,834.13	83.18%		1,805,872,236.85	1,784,667,992.77	101.19%		22,636,942.12	413,548,841.36	-18.01%		1.25%	23.17%	-17.80%
EAST WEST BANKING CORP	19,343,372,177.90	24,078,038,495.54	80.34%		19,644,872,420.87	22,068,547,185.16	89.02%		-301,500,242.97	2,009,491,310.38	-8.68%		-1.53%	9.11%	-9.75%
PHIL SAVINGS BANK	16,431,312,898.10	20,931,580,838.52	78.50%		16,064,247,657.54	18,882,918,559.80	85.07%		367,065,240.56	2,048,662,278.72	-6.57%		2.28%	10.85%	-7.73%
STANDARD CHARTERED BANK	6,284,742,073.20	8,024,888,405.68	78.32%		3,591,581,645.27	7,933,415,825.35	45.27%		2,693,160,427.93	91,472,580.33	33.04%		74.99%	1.15%	72.99%
METRO CEBU PUBLIC SAVINGS BANK	53,170,687.26	69,920,459.96	76.04%		40,205,809.90	67,210,071.66	59.82%		12,964,877.36	2,710,388.30	16.22%		32.25%	4.03%	27.12%
PRODUCERS SAVINGS BANK CORPORATION	1,034,571,447.68	1,381,963,385.45	74.86%		959,172,635.11	1,247,859,332.75	76.87%		75,398,812.57	134,104,052.70	-2.00%		7.86%	10.75%	-2.61%
PHIL NATIONAL BANK	71,093,082,628.69	104,068,094,437.47	68.31%		72,308,688,339.50	103,826,308,394.23	69.64%		-1,215,605,710.81	241,786,043.24	-1.33%		-1.68%	0.23%	-1.91%
UNION BANK OF THE PHILS	42,435,473,720.43	62,677,961,656.73	67.70%		35,665,182,929.24	54,384,715,306.96	65.58%		6,770,290,791.19	8,293,246,349.77	2.12%		18.98%	15.25%	3.24%
THE PALAWAN BANK (PALAWAN DB) INC	29,202,020.99	44,159,244.35	66.13%		27,310,877.44	38,036,159.66	71.80%		1,891,143.55	6,123,084.69	-5.67%		6.92%	16.10%	-7.90%
TONGYANG SAVINGS BANK INC	298,310,327.33	474,040,690.72	62.93%		285,462,345.18	477,880,954.31	59.74%		12,847,982.15	-3,840,263.59	3.19%		4.50%	-0.80%	5.35%
NORTHPOINT DEV'T BANK INC	148,220,843.59	243,988,192.87	60.75%		129,339,157.72	271,184,894.87	47.69%		18,881,685.87	-27,196,702.00	13.06%		14.60%	-10.03%	27.37%
TOWER DEVELOPMENT BANK	72,248,339.64	120,204,213.56	60.10%		21,406,512.24	120,855,919.90	17.71%		50,841,827.40	-651,706.34	42.39%		237.51%	-0.54%	239.34%
MERCHANTS SAVINGS & LOAN ASSN INC	252,074,459.32	427,197,144.35	59.01%		272,401,148.71	497,720,715.99	54.73%		-20,326,689.39	-70,523,571.64	4.28%		-7.46%	-14.17%	7.81%
PHIL STAR DEVELOPMENT BANK INC	48,196,274.55	81,973,833.05	58.79%		45,548,400.58	81,953,833.05	55.58%		2,647,873.97	20,000.00	3.22%		5.81%	0.02%	5.79%
CORDILLERA SAVINGS BANK INC	71,086,196.14	123,366,087.49	57.62%		86,362,743.51	130,137,630.06	66.36%		-15,276,547.37	-6,771,542.57	-8.74%		-17.69%	-5.20%	-13.17%
PHIL POSTAL SAVINGS BANK INC	765,480,502.47	1,351,665,525.19	56.63%		815,836,780.23	1,227,155,878.41	66.48%		-50,356,277.76	124,509,646.78	-9.85%		-6.17%	10.15%	-14.82%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	202,053,173.00	357,335,617.45	56.54%		200,709,855.83	357,750,382.63	56.10%		1,343,317.17	-414,765.18	0.44%		0.67%	-0.12%	0.79%
1ST VALLEY BANK INC A DEVELOPMENT BANK	749,047,446.75	1,368,109,523.21	54.75%		623,108,744.05	1,154,837,277.93	53.96%		125,938,702.70	213,272,245.28	0.79%		20.21%	18.47%	1.47%
BDO UNIBANK INC	100,481,370,744.47	202,744,632,642.70	49.56%		101,986,174,062.28	184,410,214,335.55	55.30%		-1,504,803,317.81	18,334,418,307.15	-5.74%		-1.48%	9.94%	-10.39%
MARITIME SAVINGS BANK CORPORATION	34,919,176.05	70,668,699.12	49.41%		39,425,377.69	70,518,836.94	55.91%		-4,506,201.64	149,862.18	-6.50%		-11.43%	0.21%	-11.62%
SECURITY BANK CORP	23,650,339,221.12	49,978,057,265.47	47.32%		10,350,523,785.31	42,541,597,642.96	24.33%		13,299,815,435.81	7,436,459,622.51	22.99%		128.49%	17.48%	94.50%
LIFE SAVINGS BANK INC	29,167,977.57	63,924,870.67	45.63%		26,023,093.02	69,133,232.15	37.64%		3,144,884.55	-5,208,361.48	7.99%		12.08%	-7.53%	21.22%
BPI FAMILY SAVINGS BANK INC	11,904,592,759.34	27,240,230,883.49	43.70%		11,602,487,264.30	22,801,422,982.59	50.88%		302,105,495.04	4,438,807,900.90	-7.18%		2.60%	19.47%	-14.12%
UNITED OVERSEAS BANK PHILIPPINES	792,082,869.31	1,843,819,010.39	42.96%		789,416,801.35	1,866,946,486.22	42.28%		2,666,067.96	-23,127,475.83	0.67%		0.34%	-1.24%	1.60%
UNIVERSITY SAVINGS BANK INC	115,809,621.65	272,320,975.70	42.53%		117,692,120.74	272,339,254.64	43.22%		-1,882,499.09	-18,278.94	-0.69%		-1.60%	-0.01%	-1.59%
CITYSTATE SAVINGS BANK INC	307,779,436.14	724,795,838.45	42.46%		290,726,883.42	724,796,438.45	40.11%		17,052,552.72	-600.00	2.35%		5.87%	0.00%	5.87%
PAMPANGA DEVELOPMENT BANK	60,187,734.72	144,154,031.58	41.75%		57,183,641.48	137,399,553.25	41.62%		3,004,093.24	6,754,478.33	0.13%		5.25%	4.92%	0.32%
BANK ONE SAVINGS AND TRUST CORP.	236,329,350.68	566,887,909.10	41.69%		210,545,269.60	553,094,853.16	38.07%		25,784,081.08	13,793,055.94	3.62%		12.25%	2.49%	9.52%
ASIA UNITED BANK CORPORATION	9,233,640,554.22	22,657,108,060.23	40.75%		8,235,083,827.93	20,947,510,844.42	39.31%		998,556,726.29	1,709,597,215.81	1.44%		12.13%	8.16%	3.67%
KOREA EXCHANGE BANK	516,416,288.76	1,284,097,972.17	40.22%		453,069,830.02	1,279,258,496.14	35.42%		63,346,458.74	4,839,476.03	4.80%		13.98%	0.38%	13.55%
DEVELOPMENT BANK OF THE PHIL	15,961,136,284.04	40,570,661,092.37	39.34%		17,385,771,541.94	38,795,716,168.79	44.81%		-1,424,635,257.90	1,774,944,923.58	-5.47%		-8.19%	4.58%	-12.21%
RIZAL COMM'L BANKING CORP	20,142,542,921.24	51,389,247,292.97	39.20%		16,977,851,703.86	46,050,957,777.86	36.87%		3,164,691,217.38	5,338,289,515.11	2.33%		18.64%	11.59%	6.32%
METROPOLITAN BANK & TCO	58,649,522,765.40	150,010,488,374.17	39.10%		48,204,731,264.62	153,180,391,486.45	31.47%		10,444,791,500.78	-3,169,903,112.28	7.63%		21.67%	-2.07%	24.24%
MICROFINANCE MAXIMUM SB INC	21,087,901.10	54,462,098.70	38.72%		19,696,346.85	70,273,799.39	28.03%		1,391,554.25	-15,811,700.69	10.69%		7.07%	-22.50%	38.15%
HONGKONG & SHANGHAI BANKING CORP	5,324,012,516.85	14,022,338,639.35	37.97%		4,606,727,072.89	14,138,846,593.93	32.58%		717,285,443.96	-116,507,954.58	5.39%		15.57%	-0.82%	16.53%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	42,855,064.20	112,885,626.05	37.96%		45,347,177.73	98,696,812.78	45.95%		-2,492,113.53	14,188,813.27	-7.98%		-5.50%	14.38%	-17.37%
MEGA INT'L COMM'L BANK CO LTD	767,311,979.79	2,040,085,431.57	37.61%		631,018,797.52	2,040,867,985.59	30.92%		136,293,182.27	-782,554.02	6.69%		21.60%	-0.04%	21.65%
MAYBANK PHILIPPINES INC	4,250,661,520.49	11,690,151,577.28	36.36%		4,172,907,962.31	11,176,105,840.42	37.34%		77,753,558.18	514,045,736.86	-0.98%		1.86%	4.60%	-2.62%
LAND BANK OF THE PHILIPPINES	23,641,327,605.04	66,913,719,817.48	35.33%		25,307,336,763.32	60,844,694,037.05	41.59%		-1,666,009,158.28	6,069,025,780.43	-6.26%		-6.58%	9.97%	-15.06%
CHINA BANKING CORP	20,367,681,065.14	58,267,596,506.47	34.96%		22,235,699,226.06	58,283,559,655.42	38.15%		-1,868,018,160.92	-15,963,148.95	-3.20%		-8.40%	-0.03%	-8.38%
FIRST CONSOLIDATED BANK INC (A PDB)	1,101,758,803.40	3,416,484,504.09	32.25%		918,365,852.63	2,938,271,999.20	31.26%		183,392,950.77	478,212,504.89	0.99%		19.97%	16.28%	3.18%
SAMPAGUITA SAVINGS BANK INC	24,101,038.37	75,446,427.87	31.94%		25,625,032.57	75,448,791.64	33.96%		-1,523,994.20	-2,363.77	-2.02%		-5.95%	0.00%	-5.94%
ROBINSONS BANK CORPORATION	2,246,465,396.75	7,079,978,934.78	31.73%		3,091,213,879.59	6,421,295,309.92	48.14%		-844,748,482.84	658,683,624.86	-16.41%		-27.33%	10.26%	-34.09%
QUEZON COCONUT BANK INC (A THRIFT BANK)	17,757,751.16	57,413,595.52	30.93%		15,371,880.99	59,699,819.75	25.75%		2,385,870.17	-2,286,224.23	5.18%		15.52%	-3.83%	20.12%
PHIL TRUST COMPANY	6,136,767,863.38	20,953,818,006.85	29.29%		6,094,721,315.69	19,921,080,104.77	30.59%		42,046,547.69	1,032,737,902.08	-1.31%		0.69%	5.18%	-4.27%
ANZ BANKING GROUP LTD	1,209,018,016.89	4,523,125,543.65	26.73%		972,547,002.00	4,488,259,818.30	21.67%		236,471,014.89	34,865,725.35	5.06%		24.31%	0.78%	23.36%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	2,541,687,145.08	9,511,588,637.10	26.72%		2,102,872,529.43	8,834,127,233.01	23.80%		438,814,615.65	677,461,404.09	2.92%		20.87%	7.67%	12.26%
OPTIMUM DEVELOPMENT BANK INC	204,333,026.45	792,442,288.34	25.79%		272,190,414.39	762,376,428.71	35.70%		-67,857,387.94	30,065,859.63	-9.92%		-24.93%	3.94%	-27.78%
BDO PRIVATE BANK, INC.	1,347,475,038.67	5,591,591,534.13	24.10%		975,518,095.05	5,502,235,777.13	17.73%		371,956,943.62	89,355,757.00	6.37%		38.13%	1.62%	35.92%
CITY SAVINGS BANK INC	1,562,221,000.42	6,668,601,929.63	23.43%		1,465,935,725.95	4,818,454,987.10	30.42%		96,285,274.47	1,850,146,942.53	-7.00%		6.57%	38.40%	-23.00%
BANK OF THE PHIL ISLANDS	31,980,620,199.42	151,829,400,490.84	21.06%		35,431,635,263.37	136,766,379,223.24	25.91%		-3,451,015,063.95	15,063,021,267.60	-4.84%		-9.74%	11.01%	-18.69%
CARD SME BANK INC A THRIFT BANK	98,001,146.26	469,126,734.21	20.89%		93,408,022.98	347,930,415.79	26.85%		4,593,123.28	121,196,318.42	-5.96%		4.92%	34.83%	-22.19%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	132,232,274.19	681,272,956.48	19.41%		136,020,621.56	675,836,846.55	20.13%		-3,788,347.37	5,436,109.93	-0.72%		-2.79%	0.80%	-3.56%
BPI DIRECT SAVINGS BANK INC	266,204,903.36	1,466,739,963.04	18.15%		272,440,018.80	1,179,517,465.26	23.10%		-6,235,115.44	287,222,497.78	-4.95%		-2.29%	24.35%	-21.42%
HSBC SAVINGS BANK(PHILS) INC	391,460,406.72	2,219,306,698.17	17.64%		399,130,579.35	2,065,235,504.36	19.33%		-7,670,172.63	154,071,193.81	-1.69%		-1.92%	7.46%	-8.73%
CTBC BANK (PHILIPPINES) CORP	1,204,344,621.75	6,959,986,711.28	17.30%		1,528,127,877.00	6,979,451,830.86	21.89%		-323,783,255.25	-19,465,119.58	-4.59%		-21.19%	-0.28%	-20.97%
JP MORGAN CHASE BANK NATIONAL ASSN.	242,392,581.02	1,407,968,061.99	17.22%		55,488,530.91	1,407,968,171.20	3.94%		186,904,050.11	-109.21	13.27%		336.83%	0.00%	336.83%
MIZUHO BANK LTD - MANILA BRANCH	520,623,434.66	3,029,984,154.78	17.18%		485,879,772.78	3,061,976,397.94	15.87%		34,743,661.88	-31,992,243.16	1.31%		7.15%	-1.04%	8.28%
HIYAS BANKING CORPORATION	28,488,319.49	170,639,794.32	16.70%		24,909,371.74	170,642,703.54	14.60%		3,578,947.75	-2,909.22	2.10%		14.37%	0.00%	14.37%
LEMERY SAVINGS & LOAN BANK, INC.	12,408,834.16	74,923,548.33	16.56%		13,936,311.70	77,876,573.33	17.90%		-1,527,477.54	-2,953,025.00	-1.33%		-10.96%	-3.79%	-7.45%
BATAAN SAVINGS AND LOAN BANK	9,425,622.50	64,296,764.51	14.66%		10,208,322.84	64,839,303.87	15.74%		-782,700.34	-542,539.36	-1.08%		-7.67%	-0.84%	-6.89%
SUN SAVINGS BANK INC	16,499,266.87	114,082,540.17	14.46%		13,276,207.06	112,275,942.77	11.82%		3,223,059.81	1,806,597.40	2.64%		24.28%	1.61%	22.31%
CENTURY SAVINGS BANK CORPORATION	126,580,189.54	924,062,339.47	13.70%		122,490,072.11	906,301,593.90	13.52%		4,090,117.43	17,760,745.57	0.18%		3.34%	1.96%	1.35%
MALASIQUI PROGRESSIVE SLB, INC	8,054,602.07	60,982,462.80	13.21%		10,608,236.00	60,919,413.73	17.41%		-2,553,633.93	63,049.07	-4.21%		-24.07%	0.10%	-24.15%
PACIFIC ACE SAVINGS BANK INC	7,951,810.14	82,900,536.82	9.59%		8,082,911.86	78,234,553.31	10.33%		-131,101.72	4,665,983.51	-0.74%		-1.62%	5.96%	-7.16%
PNB SAVINGS BANK	714,220,645.47	11,257,557,062.46	6.34%		699,956,544.23	11,229,656,247.54	6.23%		14,264,101.24	27,900,814.92	0.11%		2.04%	0.25%	1.78%
INTERNATIONALE NEDERLANDEN GROEP BK	164,895,605.89	2,622,846,326.92	6.29%		272,598,095.17	11,831,560,875.66	2.30%		-107,702,489.28	-9,208,714,548.74	3.98%		-39.51%	-77.83%	172.87%
BDO ELITE SAVINGS BANK INC	86,151,421.70	1,583,649,281.18	5.44%		86,151,421.70	777,181,365.52	11.09%		0.00	806,467,915.66	-5.65%		0.00%	103.77%	-50.92%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	18,957,038.53	376,601,564.39	5.03%		19,167,559.56	401,832,629.56	4.77%		-210,521.03	-25,231,065.17	0.26%		-1.10%	-6.28%	5.53%
ISLA BANK(A THRIFT BANK) INC	19,887,661.47	661,796,405.99	3.01%		20,051,281.46	652,412,033.66	3.07%		-163,619.99	9,384,372.33	-0.07%		-0.82%	1.44%	-2.22%
BANK OF AMERICA N.A.	46,571,982.96	2,116,461,209.20	2.20%		29,707,556.15	2,116,461,209.20	1.40%		16,864,426.81	0.00	0.80%		56.77%	0.00%	56.77%
PROGRESS SAVINGS AND LOAN BANK INC	1,782,066.95	83,794,739.22	2.13%		2,397,892.53	83,792,443.94	2.86%		-615,825.58	2,295.28	-0.73%		-25.68%	0.00%	-25.68%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	105,021,040.23	4,962,920,166.75	2.12%		75,124,323.83	4,946,920,166.75	1.52%		29,896,716.40	16,000,000.00	0.60%		39.80%	0.32%	39.35%
BANGKOK BANK PUBLIC CO LTD	66,176,872.24	3,314,810,827.00	2.00%		64,999,072.70	3,300,565,917.00	1.97%		1,177,799.54	14,244,910.00	0.03%		1.81%	0.43%	1.37%
Grand Total	696,245,374,675.97	1,284,656,999,735.14	54.20%		660,511,481,947.37	1,213,659,337,905.23	54.42%		35,733,892,728.60	70,997,661,829.91	-0.23%		5.41%	5.85%	-0.42%

This list only serves as a screening guide.  It is not a definitive guide and must be taken in the context of other factors.  The figures are based on the individual banks' statement of condition as of March 31, 2015 and December 31, 2014 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.