In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of March 31, 2015", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 2.70% as of March 31, 2015, is below the historic average of 4.27% for the last thirty years. Despite NPLs being at or near historic lows, some banks still have not adequately provisioned for loan losses. Their NPL Coverage Ratios are below the ideal ratio of 100% and even below the suggested minimum of 80% NPL Coverage Ratio.
As the table below suggests, it seems that around 45 banks (highlighted in yellow) fall into this deficiency.
| Philippine Banking System | |||||
| NPL Coverage Ratio | |||||
| March 31, 2015 | |||||
| Bank | Loan Loss Provisions | Gross NPLs | NPL Coverage Ratio | ||
| LUZON DEVELOPMENT BANK | 96,128,336.92 | 499,420,736.49 | 19.25% | ||
| COMSAVINGS BANK | 39,187,909.81 | 191,248,204.56 | 20.49% | ||
| PROGRESS SAVINGS AND LOAN BANK INC | 261,230.16 | 1,185,998.13 | 22.03% | ||
| EQUICOM SAVINGS BANK INC | 98,024,951.22 | 428,713,287.42 | 22.86% | ||
| BATAAN DEVELOPMENT BANK | 15,216,420.99 | 64,582,515.58 | 23.56% | ||
| BANK ONE SAVINGS AND TRUST CORP. | 9,533,602.53 | 40,153,201.27 | 23.74% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 66,559,860.69 | 268,795,613.94 | 24.76% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 54,898,634.82 | 201,120,841.49 | 27.30% | ||
| LIFE SAVINGS BANK INC | 3,169,806.08 | 11,010,626.31 | 28.79% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 147,938,306.65 | 509,998,431.29 | 29.01% | ||
| METRO CEBU PUBLIC SAVINGS BANK | 6,965,566.83 | 23,324,342.73 | 29.86% | ||
| MARITIME SAVINGS BANK CORPORATION | 6,948,645.24 | 21,163,052.88 | 32.83% | ||
| CITYSTATE SAVINGS BANK INC | 35,330,430.42 | 103,482,596.62 | 34.14% | ||
| NORTHPOINT DEV'T BANK INC | 42,348,546.94 | 116,923,465.35 | 36.22% | ||
| PAMPANGA DEVELOPMENT BANK | 20,207,091.55 | 55,727,765.20 | 36.26% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 15,538,217.16 | 42,769,596.12 | 36.33% | ||
| CENTURY SAVINGS BANK CORPORATION | 13,585,858.87 | 36,771,150.94 | 36.95% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 45,094,144.34 | 121,016,620.35 | 37.26% | ||
| PLANTERS DEVELOPMENT BANK | 1,258,051,478.94 | 3,189,663,230.00 | 39.44% | ||
| HIYAS BANKING CORPORATION | 6,830,066.93 | 16,450,205.95 | 41.52% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 286,854,162.19 | 666,040,981.85 | 43.07% | ||
| EAST WEST BANKING CORP | 3,307,165,678.18 | 7,353,959,721.22 | 44.97% | ||
| DUMAGUETE CITY DEV BANK INC | 16,533,857.12 | 36,126,106.59 | 45.77% | ||
| PNB SAVINGS BANK | 196,876,679.90 | 427,188,228.75 | 46.09% | ||
| WORLD PARTNERS BANK (A THRIFT BANK) | 53,242,755.38 | 111,334,633.18 | 47.82% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 55,353,813.66 | 112,532,855.86 | 49.19% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 938,192.49 | 1,839,153.08 | 51.01% | ||
| BUSINESS AND CONSUMERS BANK (A DB) | 6,870,326.65 | 13,382,405.13 | 51.34% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 68,788,127.51 | 131,506,166.73 | 52.31% | ||
| LEGAZPI SAVINGS BANK INC | 214,712,303.95 | 407,843,600.38 | 52.65% | ||
| PACIFIC ACE SAVINGS BANK INC | 2,619,354.31 | 4,961,502.34 | 52.79% | ||
| FARMERS SAVINGS & LOAN BANK INC | 30,923,816.15 | 58,212,898.88 | 53.12% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 2,348,978.31 | 4,348,037.52 | 54.02% | ||
| CHINA BANK SAVINGS INC | 407,534,369.19 | 686,951,119.90 | 59.33% | ||
| RCBC SAVINGS BANK INC | 1,556,509,048.17 | 2,585,628,228.10 | 60.20% | ||
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 465,801,900.34 | 747,125,942.99 | 62.35% | ||
| STANDARD CHARTERED BANK | 1,617,831,782.13 | 2,524,542,279.33 | 64.08% | ||
| MAYBANK PHILIPPINES INC | 1,095,192,069.63 | 1,689,317,413.77 | 64.83% | ||
| ASIA UNITED BANK CORPORATION | 1,351,789,337.84 | 2,084,924,543.46 | 64.84% | ||
| TOWER DEVELOPMENT BANK | 7,312,637.60 | 11,153,590.50 | 65.56% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 625,523,511.66 | 942,691,611.75 | 66.36% | ||
| VILLAGE BANK INC (A THRIFT BANK) | 17,342,200.42 | 24,358,134.33 | 71.20% | ||
| CORDILLERA SAVINGS BANK INC | 11,630,893.78 | 16,205,747.70 | 71.77% | ||
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 20,380,751.63 | 27,617,113.51 | 73.80% | ||
| UNITED COCONUT PLANTERS BANK | 4,330,118,488.54 | 5,746,724,166.55 | 75.35% | ||
| TONGYANG SAVINGS BANK INC | 93,205,824.46 | 114,796,354.04 | 81.19% | ||
| SAMPAGUITA SAVINGS BANK INC | 19,522,548.94 | 22,960,554.29 | 85.03% | ||
| PHIL BANK OF COMMUNICATIONS | 1,507,144,045.94 | 1,745,888,751.18 | 86.33% | ||
| MBANK PHILIPPINES (A THRIFT BANK) INC | 32,197,679.57 | 36,806,758.28 | 87.48% | ||
| SUN SAVINGS BANK INC | 9,706,479.76 | 11,050,430.93 | 87.84% | ||
| PHIL POSTAL SAVINGS BANK INC | 411,076,857.01 | 466,132,640.60 | 88.19% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 833,201,501.15 | 939,826,283.92 | 88.65% | ||
| THE PALAWAN BANK (PALAWAN DB) INC | 13,685,112.33 | 15,194,656.19 | 90.07% | ||
| MALASIQUI PROGRESSIVE SLB, INC | 7,184,596.38 | 7,772,843.25 | 92.43% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 523,360,422.84 | 560,207,876.49 | 93.42% | ||
| CTBC BANK (PHILIPPINES) CORP | 430,657,742.86 | 440,792,982.95 | 97.70% | ||
| PHIL SAVINGS BANK | 4,280,569,141.59 | 4,336,921,235.15 | 98.70% | ||
| DEVELOPMENT BANK OF THE PHIL | 5,787,920,346.92 | 5,863,437,846.65 | 98.71% | ||
| BPI GLOBE BANKO INC A SAVINGS BANK | 276,987,191.07 | 280,542,197.86 | 98.73% | ||
| SECURITY BANK SAVINGS CORPORATION | 512,972,159.05 | 512,338,894.46 | 100.12% | ||
| UNITED OVERSEAS BANK PHILIPPINES | 671,690,921.81 | 665,440,686.65 | 100.94% | ||
| INTER-ASIA DEVELOPMENT BANK | 8,731,279.16 | 8,609,444.71 | 101.42% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,065,010,700.80 | 1,049,304,788.02 | 101.50% | ||
| MICROFINANCE MAXIMUM SB INC | 2,483,957.42 | 2,425,068.76 | 102.43% | ||
| BPI FAMILY SAVINGS BANK INC | 5,097,836,003.60 | 4,921,476,831.19 | 103.58% | ||
| ROBINSONS BANK CORPORATION | 583,071,793.52 | 558,006,486.11 | 104.49% | ||
| CITY SAVINGS BANK INC | 623,531,908.38 | 594,760,597.21 | 104.84% | ||
| UNION BANK OF THE PHILS | 10,414,211,375.73 | 9,877,599,202.32 | 105.43% | ||
| UCPB SAVINGS BANK | 542,687,987.48 | 512,493,634.01 | 105.89% | ||
| BANK OF COMMERCE | 2,622,410,023.17 | 2,449,297,065.34 | 107.07% | ||
| PHIL NATIONAL BANK | 10,081,695,965.90 | 9,301,061,945.00 | 108.39% | ||
| BATAAN SAVINGS AND LOAN BANK | 1,595,044.62 | 1,419,538.00 | 112.36% | ||
| HSBC SAVINGS BANK(PHILS) INC | 99,106,362.61 | 81,930,694.58 | 120.96% | ||
| PHIL STAR DEVELOPMENT BANK INC | 6,090,315.48 | 4,656,148.72 | 130.80% | ||
| BPI DIRECT SAVINGS BANK INC | 206,231,489.42 | 153,634,930.52 | 134.23% | ||
| CHINA BANKING CORP | 6,468,273,899.30 | 4,648,856,616.84 | 139.14% | ||
| MERCHANTS SAVINGS & LOAN ASSN INC | 13,211,253.95 | 9,252,307.06 | 142.79% | ||
| BANK OF THE PHIL ISLANDS | 11,929,525,719.35 | 8,352,468,626.16 | 142.83% | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 278,940,895.82 | 189,040,895.91 | 147.56% | ||
| UNIVERSITY SAVINGS BANK INC | 41,976,227.15 | 26,222,110.35 | 160.08% | ||
| LAND BANK OF THE PHILIPPINES | 11,184,250,299.25 | 6,945,870,220.09 | 161.02% | ||
| RIZAL COMM'L BANKING CORP | 3,412,568,672.70 | 2,069,285,395.36 | 164.92% | ||
| CARD SME BANK INC A THRIFT BANK | 54,301,220.37 | 32,736,348.30 | 165.87% | ||
| BDO UNIBANK INC | 28,822,161,170.22 | 15,797,233,825.99 | 182.45% | ||
| OPTIMUM DEVELOPMENT BANK INC | 44,568,839.06 | 22,988,260.92 | 193.88% | ||
| PHIL TRUST COMPANY | 2,146,337,478.15 | 1,106,060,633.65 | 194.05% | ||
| PHILIPPINE VETERANS BANK | 1,193,984,870.49 | 600,639,100.41 | 198.79% | ||
| SECURITY BANK CORP | 3,307,188,779.95 | 1,408,759,419.03 | 234.76% | ||
| CITIBANK, N.A. | 7,261,826,949.77 | 2,889,108,388.18 | 251.35% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 2,829,852.78 | 1,092,048.97 | 259.13% | ||
| MEGA INT'L COMM'L BANK CO LTD | 218,976,963.90 | 67,450,000.00 | 324.65% | ||
| KOREA EXCHANGE BANK | 84,097,972.17 | 23,550,178.80 | 357.10% | ||
| METROPOLITAN BANK & TCO | 12,388,787,365.15 | 2,551,456,717.49 | 485.56% | ||
| ANZ BANKING GROUP LTD | 297,936,037.23 | 23,339,114.85 | 1276.55% | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 20,244,062.00 | 734,885.22 | 2754.72% | ||
| BANGKOK BANK PUBLIC CO LTD | 219,529,150.00 | 4,714,155.55 | 4656.81% | ||
| INTERNATIONALE NEDERLANDEN GROEP BK | 122,846,326.92 | 91.40 | 134405171.68% | ||
| BANK OF AMERICA N.A. | 20,400,004.00 | 4.00 | 510000100.00% | ||
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | NA | ||
| BDO PRIVATE BANK, INC. | 89,323,538.02 | 0.00 | NA | ||
| DEUTSCHE BANK AG | 165,610,803.32 | 0.00 | NA | ||
| ISLA BANK(A THRIFT BANK) INC | 4,290,580.33 | 0.00 | NA | ||
| MIZUHO BANK LTD - MANILA BRANCH | 329,984,154.78 | 0.00 | NA | ||
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 383,710,030.46 | 0.00 | NA | ||
| Grand Total | 155,005,474,039.38 | 124,667,684,377.93 | 124.33% | ||
Source: www.bsp.gov.ph
Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some banks that could eat into a substantial chunk (20% or more) of their Stockholder's Equity. Based on the table below, around 12 banks will be severely affected:
| Philippine Banking System | ||||||||
| Impact on SE of Minimum Loan Loss Provisions | ||||||||
| March 31, 2015 | ||||||||
| Bank | Gross NPLs | Minimum Loan Loss Provisions at 80% NPL Coverage Ratio | Actual Loan Loss Provisions | Excess/Deficit Loan Loss Provisions | Stockholder's Equity | Impact on SE | ||
| COMSAVINGS BANK | 191,248,204.56 | 152,998,563.65 | 39,187,909.81 | -113,810,653.84 | 38,533,481.47 | -295.36% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 121,016,620.35 | 96,813,296.28 | 45,094,144.34 | -51,719,151.94 | 63,778,558.90 | -81.09% | ||
| LUZON DEVELOPMENT BANK | 499,420,736.49 | 399,536,589.19 | 96,128,336.92 | -303,408,252.27 | 533,108,615.37 | -56.91% | ||
| BATAAN DEVELOPMENT BANK | 64,582,515.58 | 51,666,012.46 | 15,216,420.99 | -36,449,591.47 | 71,577,676.61 | -50.92% | ||
| WORLD PARTNERS BANK (A THRIFT BANK) | 111,334,633.18 | 89,067,706.54 | 53,242,755.38 | -35,824,951.16 | 82,368,161.87 | -43.49% | ||
| LEGAZPI SAVINGS BANK INC | 407,843,600.38 | 326,274,880.30 | 214,712,303.95 | -111,562,576.35 | 293,055,776.54 | -38.07% | ||
| EQUICOM SAVINGS BANK INC | 428,713,287.42 | 342,970,629.94 | 98,024,951.22 | -244,945,678.72 | 677,023,616.17 | -36.18% | ||
| PLANTERS DEVELOPMENT BANK | 3,189,663,230.00 | 2,551,730,584.00 | 1,258,051,478.94 | -1,293,679,105.06 | 3,729,311,188.88 | -34.69% | ||
| NORTHPOINT DEV'T BANK INC | 116,923,465.35 | 93,538,772.28 | 42,348,546.94 | -51,190,225.34 | 199,063,075.93 | -25.72% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 201,120,841.49 | 160,896,673.19 | 54,898,634.82 | -105,998,038.37 | 419,331,125.73 | -25.28% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 666,040,981.85 | 532,832,785.48 | 286,854,162.19 | -245,978,623.29 | 981,257,387.22 | -25.07% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 509,998,431.29 | 407,998,745.03 | 147,938,306.65 | -260,060,438.38 | 1,275,621,264.65 | -20.39% | ||
| METRO CEBU PUBLIC SAVINGS BANK | 23,324,342.73 | 18,659,474.18 | 6,965,566.83 | -11,693,907.35 | 59,130,187.54 | -19.78% | ||
| PAMPANGA DEVELOPMENT BANK | 55,727,765.20 | 44,582,212.16 | 20,207,091.55 | -24,375,120.61 | 125,866,612.25 | -19.37% | ||
| MARITIME SAVINGS BANK CORPORATION | 21,163,052.88 | 16,930,442.30 | 6,948,645.24 | -9,981,797.06 | 65,172,179.44 | -15.32% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 112,532,855.86 | 90,026,284.69 | 55,353,813.66 | -34,672,471.03 | 240,299,900.37 | -14.43% | ||
| FARMERS SAVINGS & LOAN BANK INC | 58,212,898.88 | 46,570,319.10 | 30,923,816.15 | -15,646,502.95 | 109,971,561.50 | -14.23% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 131,506,166.73 | 105,204,933.38 | 68,788,127.51 | -36,416,805.87 | 299,770,523.32 | -12.15% | ||
| EAST WEST BANKING CORP | 7,353,959,721.22 | 5,883,167,776.98 | 3,307,165,678.18 | -2,576,002,098.80 | 21,215,170,074.44 | -12.14% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 268,795,613.94 | 215,036,491.15 | 66,559,860.69 | -148,476,630.46 | 1,343,324,173.35 | -11.05% | ||
| LIFE SAVINGS BANK INC | 11,010,626.31 | 8,808,501.05 | 3,169,806.08 | -5,638,694.97 | 61,786,467.30 | -9.13% | ||
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 747,125,942.99 | 597,700,754.39 | 465,801,900.34 | -131,898,854.05 | 1,825,335,912.56 | -7.23% | ||
| CITYSTATE SAVINGS BANK INC | 103,482,596.62 | 82,786,077.30 | 35,330,430.42 | -47,455,646.88 | 669,710,469.16 | -7.09% | ||
| STANDARD CHARTERED BANK | 2,524,542,279.33 | 2,019,633,823.46 | 1,617,831,782.13 | -401,802,041.33 | 6,210,664,540.23 | -6.47% | ||
| RCBC SAVINGS BANK INC | 2,585,628,228.10 | 2,068,502,582.48 | 1,556,509,048.17 | -511,993,534.31 | 8,363,165,332.13 | -6.12% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 942,691,611.75 | 754,153,289.40 | 625,523,511.66 | -128,629,777.74 | 2,289,196,608.47 | -5.62% | ||
| CHINA BANK SAVINGS INC | 686,951,119.90 | 549,560,895.92 | 407,534,369.19 | -142,026,526.73 | 2,622,224,892.31 | -5.42% | ||
| DUMAGUETE CITY DEV BANK INC | 36,126,106.59 | 28,900,885.27 | 16,533,857.12 | -12,367,028.15 | 237,118,540.08 | -5.22% | ||
| BUSINESS AND CONSUMERS BANK (A DB) | 13,382,405.13 | 10,705,924.10 | 6,870,326.65 | -3,835,597.45 | 85,687,284.77 | -4.48% | ||
| BANK ONE SAVINGS AND TRUST CORP. | 40,153,201.27 | 32,122,561.02 | 9,533,602.53 | -22,588,958.49 | 560,902,553.27 | -4.03% | ||
| HIYAS BANKING CORPORATION | 16,450,205.95 | 13,160,164.76 | 6,830,066.93 | -6,330,097.83 | 165,015,624.56 | -3.84% | ||
| VILLAGE BANK INC (A THRIFT BANK) | 24,358,134.33 | 19,486,507.46 | 17,342,200.42 | -2,144,307.04 | 73,972,492.58 | -2.90% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 42,769,596.12 | 34,215,676.90 | 15,538,217.16 | -18,677,459.74 | 663,135,618.59 | -2.82% | ||
| MAYBANK PHILIPPINES INC | 1,689,317,413.77 | 1,351,453,931.02 | 1,095,192,069.63 | -256,261,861.39 | 10,571,046,072.06 | -2.42% | ||
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 27,617,113.51 | 22,093,690.81 | 20,380,751.63 | -1,712,939.18 | 93,838,745.83 | -1.83% | ||
| CENTURY SAVINGS BANK CORPORATION | 36,771,150.94 | 29,416,920.75 | 13,585,858.87 | -15,831,061.88 | 938,321,162.21 | -1.69% | ||
| PACIFIC ACE SAVINGS BANK INC | 4,961,502.34 | 3,969,201.87 | 2,619,354.31 | -1,349,847.56 | 80,393,394.02 | -1.68% | ||
| ASIA UNITED BANK CORPORATION | 2,084,924,543.46 | 1,667,939,634.77 | 1,351,789,337.84 | -316,150,296.93 | 20,392,480,454.52 | -1.55% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 4,348,037.52 | 3,478,430.02 | 2,348,978.31 | -1,129,451.71 | 74,143,290.88 | -1.52% | ||
| UNITED COCONUT PLANTERS BANK | 5,746,724,166.55 | 4,597,379,333.24 | 4,330,118,488.54 | -267,260,844.70 | 19,493,624,037.54 | -1.37% | ||
| TOWER DEVELOPMENT BANK | 11,153,590.50 | 8,922,872.40 | 7,312,637.60 | -1,610,234.80 | 118,197,886.79 | -1.36% | ||
| PNB SAVINGS BANK | 427,188,228.75 | 341,750,583.00 | 196,876,679.90 | -144,873,903.10 | 11,123,280,436.26 | -1.30% | ||
| CORDILLERA SAVINGS BANK INC | 16,205,747.70 | 12,964,598.16 | 11,630,893.78 | -1,333,704.38 | 114,530,107.35 | -1.16% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 1,839,153.08 | 1,471,322.46 | 938,192.49 | -533,129.97 | 58,583,359.29 | -0.91% | ||
| PROGRESS SAVINGS AND LOAN BANK INC | 1,185,998.13 | 948,798.50 | 261,230.16 | -687,568.34 | 82,916,253.57 | -0.83% | ||
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | 0.00 | 0.00 | 806,678,920.20 | 0.00% | ||
| TONGYANG SAVINGS BANK INC | 114,796,354.04 | 91,837,083.23 | 93,205,824.46 | 1,368,741.23 | 379,798,977.17 | 0.36% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,092,048.97 | 873,639.18 | 2,829,852.78 | 1,956,213.60 | 363,703,278.76 | 0.54% | ||
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | 4,290,580.33 | 4,290,580.33 | 658,250,282.30 | 0.65% | ||
| BATAAN SAVINGS AND LOAN BANK | 1,419,538.00 | 1,135,630.40 | 1,595,044.62 | 459,414.22 | 63,352,894.61 | 0.73% | ||
| SUN SAVINGS BANK INC | 11,050,430.93 | 8,840,344.74 | 9,706,479.76 | 866,135.02 | 106,877,548.80 | 0.81% | ||
| BANK OF AMERICA N.A. | 4.00 | 3.20 | 20,400,004.00 | 20,400,000.80 | 2,096,061,205.20 | 0.97% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 939,826,283.92 | 751,861,027.14 | 833,201,501.15 | 81,340,474.01 | 8,330,054,784.91 | 0.98% | ||
| CTBC BANK (PHILIPPINES) CORP | 440,792,982.95 | 352,634,386.36 | 430,657,742.86 | 78,023,356.50 | 6,597,930,236.45 | 1.18% | ||
| MICROFINANCE MAXIMUM SB INC | 2,425,068.76 | 1,940,055.01 | 2,483,957.42 | 543,902.41 | 42,775,838.74 | 1.27% | ||
| PHIL BANK OF COMMUNICATIONS | 1,745,888,751.18 | 1,396,711,000.94 | 1,507,144,045.94 | 110,433,045.00 | 8,014,764,595.11 | 1.38% | ||
| MERCHANTS SAVINGS & LOAN ASSN INC | 9,252,307.06 | 7,401,845.65 | 13,211,253.95 | 5,809,408.30 | 413,241,948.67 | 1.41% | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 587,908.18 | 20,244,062.00 | 19,656,153.82 | 1,378,790,422.84 | 1.43% | ||
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | 89,323,538.02 | 89,323,538.02 | 5,875,974,686.81 | 1.52% | ||
| HSBC SAVINGS BANK(PHILS) INC | 81,930,694.58 | 65,544,555.66 | 99,106,362.61 | 33,561,806.95 | 2,176,142,509.96 | 1.54% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,049,304,788.02 | 839,443,830.42 | 1,065,010,700.80 | 225,566,870.38 | 13,226,608,858.88 | 1.71% | ||
| MALASIQUI PROGRESSIVE SLB, INC | 7,772,843.25 | 6,218,274.60 | 7,184,596.38 | 966,321.78 | 54,222,334.73 | 1.78% | ||
| SAMPAGUITA SAVINGS BANK INC | 22,960,554.29 | 18,368,443.43 | 19,522,548.94 | 1,154,105.51 | 55,554,461.00 | 2.08% | ||
| ROBINSONS BANK CORPORATION | 558,006,486.11 | 446,405,188.89 | 583,071,793.52 | 136,666,604.63 | 6,148,932,630.66 | 2.22% | ||
| CITY SAVINGS BANK INC | 594,760,597.21 | 475,808,477.77 | 623,531,908.38 | 147,723,430.61 | 6,554,464,780.82 | 2.25% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 560,207,876.49 | 448,166,301.19 | 523,360,422.84 | 75,194,121.65 | 2,990,242,435.53 | 2.51% | ||
| DEVELOPMENT BANK OF THE PHIL | 5,863,437,846.65 | 4,690,750,277.32 | 5,787,920,346.92 | 1,097,170,069.60 | 41,661,819,296.39 | 2.63% | ||
| PHIL NATIONAL BANK | 9,301,061,945.00 | 7,440,849,556.00 | 10,081,695,965.90 | 2,640,846,409.90 | 92,681,211,252.95 | 2.85% | ||
| PHIL STAR DEVELOPMENT BANK INC | 4,656,148.72 | 3,724,918.98 | 6,090,315.48 | 2,365,396.50 | 76,909,453.54 | 3.08% | ||
| RIZAL COMM'L BANKING CORP | 2,069,285,395.36 | 1,655,428,316.29 | 3,412,568,672.70 | 1,757,140,356.41 | 54,528,200,155.40 | 3.22% | ||
| INTER-ASIA DEVELOPMENT BANK | 8,609,444.71 | 6,887,555.77 | 8,731,279.16 | 1,843,723.39 | 53,743,654.92 | 3.43% | ||
| OPTIMUM DEVELOPMENT BANK INC | 22,988,260.92 | 18,390,608.74 | 44,568,839.06 | 26,178,230.32 | 751,388,533.95 | 3.48% | ||
| MBANK PHILIPPINES (A THRIFT BANK) INC | 36,806,758.28 | 29,445,406.62 | 32,197,679.57 | 2,752,272.95 | 74,305,893.14 | 3.70% | ||
| BANK OF THE PHIL ISLANDS | 8,352,468,626.16 | 6,681,974,900.93 | 11,929,525,719.35 | 5,247,550,818.42 | 139,896,235,877.90 | 3.75% | ||
| PHIL POSTAL SAVINGS BANK INC | 466,132,640.60 | 372,906,112.48 | 411,076,857.01 | 38,170,744.53 | 1,001,228,941.63 | 3.81% | ||
| BANK OF COMMERCE | 2,449,297,065.34 | 1,959,437,652.27 | 2,622,410,023.17 | 662,972,370.90 | 15,776,044,047.26 | 4.20% | ||
| SECURITY BANK CORP | 1,408,759,419.03 | 1,127,007,535.22 | 3,307,188,779.95 | 2,180,181,244.73 | 50,108,379,684.07 | 4.35% | ||
| THE PALAWAN BANK (PALAWAN DB) INC | 15,194,656.19 | 12,155,724.95 | 13,685,112.33 | 1,529,387.38 | 32,902,950.23 | 4.65% | ||
| UNION BANK OF THE PHILS | 9,877,599,202.32 | 7,902,079,361.86 | 10,414,211,375.73 | 2,512,132,013.87 | 52,694,139,745.70 | 4.77% | ||
| PHIL SAVINGS BANK | 4,336,921,235.15 | 3,469,536,988.12 | 4,280,569,141.59 | 811,032,153.47 | 16,832,958,884.31 | 4.82% | ||
| INTERNATIONALE NEDERLANDEN GROEP BK | 91.40 | 73.12 | 122,846,326.92 | 122,846,253.80 | 2,496,181,851.31 | 4.92% | ||
| PHIL TRUST COMPANY | 1,106,060,633.65 | 884,848,506.92 | 2,146,337,478.15 | 1,261,488,971.23 | 24,845,721,383.49 | 5.08% | ||
| BPI FAMILY SAVINGS BANK INC | 4,921,476,831.19 | 3,937,181,464.95 | 5,097,836,003.60 | 1,160,654,538.65 | 22,825,999,302.20 | 5.08% | ||
| CHINA BANKING CORP | 4,648,856,616.84 | 3,719,085,293.47 | 6,468,273,899.30 | 2,749,188,605.83 | 53,356,950,652.26 | 5.15% | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 189,040,895.91 | 151,232,716.73 | 278,940,895.82 | 127,708,179.09 | 2,459,070,205.22 | 5.19% | ||
| UNIVERSITY SAVINGS BANK INC | 26,222,110.35 | 20,977,688.28 | 41,976,227.15 | 20,998,538.87 | 403,231,462.48 | 5.21% | ||
| KOREA EXCHANGE BANK | 23,550,178.80 | 18,840,143.04 | 84,097,972.17 | 65,257,829.13 | 1,220,725,219.87 | 5.35% | ||
| CARD SME BANK INC A THRIFT BANK | 32,736,348.30 | 26,189,078.64 | 54,301,220.37 | 28,112,141.73 | 464,160,148.68 | 6.06% | ||
| ANZ BANKING GROUP LTD | 23,339,114.85 | 18,671,291.88 | 297,936,037.23 | 279,264,745.35 | 4,515,688,133.41 | 6.18% | ||
| BPI DIRECT SAVINGS BANK INC | 153,634,930.52 | 122,907,944.42 | 206,231,489.42 | 83,323,545.00 | 1,333,313,254.19 | 6.25% | ||
| UCPB SAVINGS BANK | 512,493,634.01 | 409,994,907.21 | 542,687,987.48 | 132,693,080.27 | 2,100,397,897.70 | 6.32% | ||
| DEUTSCHE BANK AG | 0.00 | 0.00 | 165,610,803.32 | 165,610,803.32 | 2,500,772,096.92 | 6.62% | ||
| BANGKOK BANK PUBLIC CO LTD | 4,714,155.55 | 3,771,324.44 | 219,529,150.00 | 215,757,825.56 | 3,095,660,443.74 | 6.97% | ||
| METROPOLITAN BANK & TCO | 2,551,456,717.49 | 2,041,165,373.99 | 12,388,787,365.15 | 10,347,621,991.16 | 145,841,362,014.27 | 7.10% | ||
| LAND BANK OF THE PHILIPPINES | 6,945,870,220.09 | 5,556,696,176.07 | 11,184,250,299.25 | 5,627,554,123.18 | 72,468,514,725.69 | 7.77% | ||
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | 383,710,030.46 | 383,710,030.46 | 4,579,210,136.29 | 8.38% | ||
| MEGA INT'L COMM'L BANK CO LTD | 67,450,000.00 | 53,960,000.00 | 218,976,963.90 | 165,016,963.90 | 1,868,072,477.39 | 8.83% | ||
| BDO UNIBANK INC | 15,797,233,825.99 | 12,637,787,060.79 | 28,822,161,170.22 | 16,184,374,109.43 | 180,124,872,745.52 | 8.99% | ||
| SECURITY BANK SAVINGS CORPORATION | 512,338,894.46 | 409,871,115.57 | 512,972,159.05 | 103,101,043.48 | 1,143,033,718.34 | 9.02% | ||
| UNITED OVERSEAS BANK PHILIPPINES | 665,440,686.65 | 532,352,549.32 | 671,690,921.81 | 139,338,372.49 | 1,273,737,551.61 | 10.94% | ||
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 0.00 | 329,984,154.78 | 329,984,154.78 | 2,873,176,295.13 | 11.48% | ||
| PHILIPPINE VETERANS BANK | 600,639,100.41 | 480,511,280.33 | 1,193,984,870.49 | 713,473,590.16 | 5,639,587,670.72 | 12.65% | ||
| BPI GLOBE BANKO INC A SAVINGS BANK | 280,542,197.86 | 224,433,758.29 | 276,987,191.07 | 52,553,432.78 | 304,094,825.33 | 17.28% | ||
| CITIBANK, N.A. | 2,889,108,388.18 | 2,311,286,710.54 | 7,261,826,949.77 | 4,950,540,239.23 | 12,991,673,871.97 | 38.11% | ||
| 124,667,684,377.93 | 99,734,147,502.34 | 155,005,474,039.38 | 55,271,326,537.04 | 1,202,021,106,765.15 | 4.60% | |||
Comsavings Bank needs to recapitalize the bank by more than 100% if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%.
Planters Development Bank faces a shortfall of 34.69% of its stated stockholders equity of Php 3.729 billion if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%. Planters nearly failed in the last half of 2013 but was rescued when it was acquired by China Banking Corporation, a much healthier bank, for Php 1.863 billion last September 18, 2013. This represents a 40% discount to Planters stated book value of Php 3.133 billion as of September 30, 2013 or a 41% premium to their actual book value of Php 1.323 billion (after subtracting for unbooked losses/deferred charges). For more information regarding this, please read a previous blog post: "The Near Death Experience of Planters Development Bank".
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