Philippine Banks Improve in the 2nd 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 decreased by Php 48.240 billion or 6.93% from March 31, 2015 to June 30, 2015.  This increase was partially offset by a 3.06% 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 5.70%, from 54.20% as of March 31, 2015 to 48.50% as of June 30, 2015. On a year on year basis, the Distressed Asset Ratio has dropped 18.45% from 59.47% as of June 30, 2014 to just 48.50% as of June 30, 2015.

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

1. Business and Consumers Bank (92.37% decrease)
2. Merchant Savings & Loan Association Inc (88.83% decrease)
3. United Overseas Bank Philippines (62.77% decrease)
4. Bank of America N.A. (57.31% decrease)
5. Cordillera Savings Bank Inc (42.07% decrease)
6. Citibank N.A. (41.78% decrease)
7. Security Bank Corporation (40.22% decrease)
8. BDO Private Bank Inc (39.25% decrease)
9. Northpoint Development Bank (30.57% decrease)
10. JP Morgan Chase Bank National Association ( 28.46% decrease)
11. East West Banking Corporation (28.33% decrease)
12. World Partners Bank (27.63% decrease)
13. RCBC Savings Bank Inc (26.80% decrease)

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

1. PNB Savings Bank (853.24% increase)
2. Internationale Nederlanden Groep Bank (94.14% increase)
3. Microfinance Maximum Savings Bank Inc. (81.98% increase)
4. China Bank Savings Inc (33.94% increase)

Distressed Banks


One of the four banks with significant increases has been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the June 30, 2015. This bank is China Bank Savings Inc. which had a distressed ratio of 129.21% as of June 30, 2015.


The list of Philippine Banks classified as distressed as of June 30, 2015 are as follows:

1. Comsavings Bank (Distressed Ratio of 62,307.53%)
2. Legazpi Savings Bank (Distressed Ratio of 1,184.65%)
3. Village Bank Inc. (Distressed Ratio of 657.53%)
4. Bank of China Limited - Manila Branch (Distressed Ratio of 329.25%)
5. United Coconut Planters Bank (Distressed Ratio of 329.00%)
6. Inter-Asia Development Bank (Distressed Ratio of 292.12%)
7. Planters Development Bank (Distressed Ratio of 233.86%)
8. BPI Globe Banko Inc (Distressed Ratio of 172.77%)
9. Opportunity Kauswagan Bank Inc (Distressed Ratio of 156.81%)
10. Bank of Commerce (Distressed Ratio of 147.91%)
11. Luzon Development Bank (Distressed Ratio of 138.11%)
12. Bataan Development Bank (Distressed Ratio of 135.84%)
13. China Bank Savings Inc (Distressed Ratio of 129.21%)
14. Malayan Bank Savings and Mortgage Bank (128.44%)
15. Enterprise Bank Inc. (Distressed Ratio of 127.12%)
16. Citibank, N.A. (Distressed Ratio of 124.99%)
17. UCPB Savings Bank (Distressed Ratio of 114.63%)
18. Wealth Development Bank Corporation (Distressed Ratio of 113.34%)
19. Philippine Bank of Communications (Distressed Ratio of 103.79%)
20. World Partners Bank (Distressed Ratio of 102.63%)
21. Equicom Savings Bank Inc (Distressed Ratio of 101.89%)

It is important to note that Comsavings Bank has an extremely high distressed ratio because it only has Php 17.594 million in stockholder's equity supporting Php 2.113 billion in distressed assets as of June 30, 2015.

As a group the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 178.17% as of June 30, 2015, down from 212.19% as of March 31, 2015.  

Departures

There have been several departures from the list of Distressed Banks since March 31, 2015.

1. Business and Consumers Bank, which had a distressed ratio of 273.04% as of March 31, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 20.83% as of June 30, 2015.
2. Dumaguete City Development Bank Inc, which had a distressed rato of 109.36% as of March 31, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 80.04% as of June 30, 2015.
3. Security Bank Savings Corporation, which had a distressed ratio of 553.54% as of March 31, 2015, dropped out of the list of Distressed Banks when it was absorbed by its parent company, Security Bank Corporation in the second quarter of 2015.

Arrivals

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

1. China Bank Savings Inc, which had a distressed ratio of 96.4&% as of March 31, 2015, now has a distressed ratio of 129.21% as of June 30, 2015.
2. UCPB Savings Bank, which had a distressed ratio of 94.54% as of March 31, 2015, now has a distressed ratio of 114.63% as of June 30, 2015.
3. Equicom Savings Bank Inc, which had a distressed ratio of 96.78% as of March 31, 2015, now has a distressed ratio of 101.89% as of June 30, 2015.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2015 to June 30, 2015
In %
Bank	June 30, 2015	March 31, 2015	Variance	% Variance
PNB SAVINGS BANK	60.48%	6.34%	54.13%	853.24%
INTERNATIONALE NEDERLANDEN GROEP BK	12.21%	6.29%	5.92%	94.14%
MICROFINANCE MAXIMUM SB INC	70.46%	38.72%	31.74%	81.98%
THE PALAWAN BANK (PALAWAN DB) INC	96.09%	66.13%	29.96%	45.31%
CHINA BANK SAVINGS INC	129.21%	96.47%	32.74%	33.94%
LUZON DEVELOPMENT BANK	138.11%	112.46%	25.65%	22.81%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	6.17%	5.03%	1.14%	22.56%
BANGKOK BANK PUBLIC CO LTD	2.43%	2.00%	0.43%	21.62%
PHILIPPINE BUSINESS BANK INC	32.41%	26.72%	5.69%	21.30%
UCPB SAVINGS BANK	114.63%	94.54%	20.09%	21.25%
CITY SAVINGS BANK INC	28.37%	23.43%	4.94%	21.10%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	45.94%	37.96%	7.97%	21.00%
MAYBANK PHILIPPINES INC	43.83%	36.36%	7.47%	20.54%
TONGYANG SAVINGS BANK INC	73.96%	62.93%	11.03%	17.53%
PHIL POSTAL SAVINGS BANK INC	65.99%	56.63%	9.36%	16.52%
PENBANK INC	65.82%	56.54%	9.28%	16.41%
ANZ BANKING GROUP LTD	30.87%	26.73%	4.14%	15.49%
DEUTSCHE BANK AG	97.58%	85.59%	12.00%	14.02%
INTER-ASIA DEVELOPMENT BANK	292.12%	258.40%	33.72%	13.05%
DEVELOPMENT BANK OF THE PHIL	44.19%	39.34%	4.85%	12.33%
MEGA INT'L COMM'L BANK CO LTD	42.10%	37.61%	4.49%	11.94%
LEMERY SAVINGS & LOAN BANK, INC.	18.51%	16.56%	1.94%	11.73%
BPI DIRECT SAVINGS BANK INC	20.19%	18.15%	2.04%	11.23%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	156.81%	141.92%	14.89%	10.49%
MARITIME SAVINGS BANK CORPORATION	53.87%	49.41%	4.45%	9.01%
BANK OF THE PHIL ISLANDS	22.86%	21.06%	1.79%	8.52%
KOREA EXCHANGE BANK	43.64%	40.22%	3.42%	8.52%
ASIA UNITED BANK CORPORATION	43.28%	40.75%	2.53%	6.20%
ENTERPRISE BANK INC	127.12%	119.89%	7.23%	6.03%
WEALTH DEVELOPMENT BANK CORPORATION	113.34%	106.91%	6.43%	6.02%
LIFE SAVINGS BANK INC	48.36%	45.63%	2.73%	5.99%
EQUICOM SAVINGS BANK INC	101.89%	96.78%	5.11%	5.28%
FARMERS SAVINGS & LOAN BANK INC	93.29%	89.38%	3.91%	4.38%
UNION BANK OF THE PHILS	70.48%	67.70%	2.77%	4.09%
ROBINSONS BANK CORPORATION	32.93%	31.73%	1.20%	3.79%
MIZUHO BANK LTD - MANILA BRANCH	17.82%	17.18%	0.64%	3.72%
UNITED COCONUT PLANTERS BANK	329.00%	318.99%	10.01%	3.14%
PHIL STAR DEVELOPMENT BANK INC	60.48%	58.79%	1.68%	2.86%
CTBC BANK (PHILIPPINES) CORP	17.80%	17.30%	0.49%	2.84%
BPI FAMILY SAVINGS BANK INC	44.70%	43.70%	1.00%	2.28%
FIRST CONSOLIDATED BANK INC	32.98%	32.25%	0.73%	2.25%
BDO UNIBANK INC	50.08%	49.56%	0.52%	1.05%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION	83.98%	83.18%	0.80%	0.96%
UNIVERSITY SAVINGS BANK INC	42.92%	42.53%	0.39%	0.92%
LAND BANK OF THE PHILIPPINES	35.54%	35.33%	0.21%	0.59%
CARD SME BANK INC A THRIFT BANK	20.97%	20.89%	0.08%	0.38%
PHIL BANK OF COMMUNICATIONS	103.79%	103.47%	0.33%	0.31%
BDO ELITE SAVINGS BANK INC	5.44%	5.44%	0.00%	0.00%
MALAYAN BANK SAVINGS AND MORT BANK INC	128.44%	128.80%	-0.36%	-0.28%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	85.08%	85.66%	-0.58%	-0.68%
BATAAN SAVINGS AND LOAN BANK	14.56%	14.66%	-0.10%	-0.69%
BPI GLOBE BANKO INC A SAVINGS BANK	172.77%	175.09%	-2.31%	-1.32%
BATAAN DEVELOPMENT BANK	135.84%	138.11%	-2.26%	-1.64%
PHILIPPINE VETERANS BANK	81.49%	83.21%	-1.72%	-2.07%
PROGRESS SAVINGS AND LOAN BANK INC	2.08%	2.13%	-0.05%	-2.35%
CITYSTATE SAVINGS BANK INC	41.33%	42.46%	-1.13%	-2.66%
PHIL SAVINGS BANK	76.05%	78.50%	-2.45%	-3.12%
LEGAZPI SAVINGS BANK INC	1184.65%	1233.96%	-49.31%	-4.00%
VILLAGE BANK INC (A THRIFT BANK)	657.53%	685.20%	-27.67%	-4.04%
MALASIQUI PROGRESSIVE SLB, INC	12.57%	13.21%	-0.64%	-4.87%
BANK ONE SAVINGS AND TRUST CORP.	39.47%	41.69%	-2.22%	-5.33%
PLANTERS DEVELOPMENT BANK	233.86%	247.76%	-13.90%	-5.61%
PHIL NATIONAL BANK	64.22%	68.31%	-4.09%	-5.99%
PAMPANGA DEVELOPMENT BANK	39.23%	41.75%	-2.52%	-6.04%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	18.19%	19.41%	-1.22%	-6.29%
CENTURY SAVINGS BANK CORPORATION	12.82%	13.70%	-0.88%	-6.43%
OPTIMUM DEVELOPMENT BANK INC	23.89%	25.79%	-1.89%	-7.33%
DUMAGUETE CITY DEV BANK INC	80.03%	86.90%	-6.87%	-7.90%
COMSAVINGS BANK	62307.53%	68226.10%	-5918.57%	-8.67%
TOWER DEVELOPMENT BANK	54.62%	60.10%	-5.49%	-9.13%
CHINA BANKING CORP	31.43%	34.96%	-3.53%	-10.09%
MBANK PHILIPPINES (A THRIFT BANK) INC	75.35%	84.22%	-8.87%	-10.53%
PRODUCERS SAVINGS BANK CORPORATION	66.88%	74.86%	-7.98%	-10.66%
BANK OF CHINA LIMITED-MANILA BRANCH	329.25%	370.08%	-40.83%	-11.03%
1ST VALLEY BANK INC A DEVELOPMENT BANK	48.45%	54.75%	-6.30%	-11.50%
HIYAS BANKING CORPORATION	14.65%	16.70%	-2.04%	-12.23%
QUEZON COCONUT BANK INC (A THRIFT BANK)	27.00%	30.93%	-3.93%	-12.71%
SUN SAVINGS BANK INC	12.59%	14.46%	-1.87%	-12.92%
SAMPAGUITA SAVINGS BANK INC	27.51%	31.94%	-4.44%	-13.89%
HSBC SAVINGS BANK(PHILS) INC	15.01%	17.64%	-2.63%	-14.89%
PHIL TRUST COMPANY	24.64%	29.29%	-4.65%	-15.88%
ISLA BANK INC	2.50%	3.01%	-0.50%	-16.76%
HONGKONG & SHANGHAI BANKING CORP	31.51%	37.97%	-6.46%	-17.02%
RIZAL COMM'L BANKING CORP	32.52%	39.20%	-6.67%	-17.03%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	1.76%	2.12%	-0.36%	-17.05%
PACIFIC ACE SAVINGS BANK INC	7.85%	9.59%	-1.74%	-18.13%
BANK OF COMMERCE	147.91%	184.10%	-36.19%	-19.66%
METRO CEBU PUBLIC SAVINGS BANK	60.49%	76.04%	-15.56%	-20.46%
STANDARD CHARTERED BANK	60.37%	78.32%	-17.94%	-22.91%
METROPOLITAN BANK & TCO	30.05%	39.10%	-9.05%	-23.14%
RCBC SAVINGS BANK INC	80.04%	109.36%	-29.31%	-26.80%
WORLD PARTNERS BANK (A THRIFT BANK)	102.62%	141.80%	-39.19%	-27.63%
EAST WEST BANKING CORP	57.58%	80.34%	-22.76%	-28.33%
JP MORGAN CHASE BANK NATIONAL ASSN.	12.32%	17.22%	-4.90%	-28.46%
NORTHPOINT DEV'T BANK INC	42.18%	60.75%	-18.57%	-30.57%
BDO PRIVATE BANK, INC.	14.64%	24.10%	-9.46%	-39.25%
SECURITY BANK CORP	28.29%	47.32%	-19.03%	-40.22%
CITIBANK, N.A.	124.99%	214.68%	-89.70%	-41.78%
CORDILLERA SAVINGS BANK INC	33.38%	57.62%	-24.24%	-42.07%
BANK OF AMERICA N.A.	0.94%	2.20%	-1.26%	-57.31%
UNITED OVERSEAS BANK PHILIPPINES	15.99%	42.96%	-26.97%	-62.77%
MERCHANTS SAVINGS & LOAN ASSN INC	6.59%	59.01%	-52.42%	-88.83%
BUSINESS AND CONSUMERS BANK	20.83%	273.04%	-252.20%	-92.37%
BANK OF MAKATI INC	77.98%	NA	NA	NA
SECURITY BANK SAVINGS CORPORATION	NA	553.54%	NA	NA
Grand Total	48.50%	54.20%	-5.70%	-10.52%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2015 to June 30, 2015
In Php
		June 30, 2015				March 31, 2015				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	1,395,855,518.29	2,240,267.62	62307.53%		1,392,235,785.54	2,040,620.46	68226.10%		3,619,732.75	199,647.16	-5918.57%		0.26%	9.78%	-8.67%
LEGAZPI SAVINGS BANK INC	981,673,678.27	82,866,013.74	1184.65%		884,365,653.38	71,668,890.19	1233.96%		97,308,024.89	11,197,123.55	-49.31%		11.00%	15.62%	-4.00%
VILLAGE BANK INC (A THRIFT BANK)	598,171,732.55	90,972,478.08	657.53%		625,792,779.99	91,330,174.05	685.20%		-27,621,047.44	-357,695.97	-27.67%		-4.41%	-0.39%	-4.04%
BANK OF CHINA LIMITED-MANILA BRANCH	8,623,430,326.91	2,619,081,341.71	329.25%		9,701,132,952.32	2,621,331,502.11	370.08%		-1,077,702,625.41	-2,250,160.40	-40.83%		-11.11%	-0.09%	-11.03%
UNITED COCONUT PLANTERS BANK	39,465,874,493.66	11,995,589,253.49	329.00%		38,371,824,198.96	12,029,067,773.11	318.99%		1,094,050,294.70	-33,478,519.62	10.01%		2.85%	-0.28%	3.14%
INTER-ASIA DEVELOPMENT BANK	173,897,004.78	59,530,076.96	292.12%		157,476,998.01	60,943,659.80	258.40%		16,420,006.77	-1,413,582.84	33.72%		10.43%	-2.32%	13.05%
PLANTERS DEVELOPMENT BANK	7,300,295,759.09	3,121,654,788.94	233.86%		7,694,440,581.41	3,105,561,377.23	247.76%		-394,144,822.32	16,093,411.71	-13.90%		-5.12%	0.52%	-5.61%
BPI GLOBE BANKO INC A SAVINGS BANK	559,892,291.01	324,058,932.60	172.77%		555,903,167.02	317,502,753.38	175.09%		3,989,123.99	6,556,179.22	-2.31%		0.72%	2.06%	-1.32%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	167,277,415.03	106,675,037.63	156.81%		173,109,221.85	121,973,635.48	141.92%		-5,831,806.82	-15,298,597.85	14.89%		-3.37%	-12.54%	10.49%
BANK OF COMMERCE	27,166,309,377.27	18,366,413,415.04	147.91%		33,682,584,191.30	18,295,365,969.21	184.10%		-6,516,274,814.03	71,047,445.83	-36.19%		-19.35%	0.39%	-19.66%
LUZON DEVELOPMENT BANK	859,522,981.91	622,327,149.42	138.11%		697,730,290.03	620,410,762.14	112.46%		161,792,691.88	1,916,387.28	25.65%		23.19%	0.31%	22.81%
BATAAN DEVELOPMENT BANK	114,059,680.82	83,963,243.46	135.84%		116,429,963.36	84,304,826.74	138.11%		-2,370,282.54	-341,583.28	-2.26%		-2.04%	-0.41%	-1.64%
CHINA BANK SAVINGS INC	3,694,689,929.71	2,859,496,917.45	129.21%		2,742,937,685.35	2,843,349,806.94	96.47%		951,752,244.36	16,147,110.51	32.74%		34.70%	0.57%	33.94%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,654,779,198.59	1,288,382,583.68	128.44%		1,647,916,302.99	1,279,482,144.80	128.80%		6,862,895.60	8,900,438.88	-0.36%		0.42%	0.70%	-0.28%
ENTERPRISE BANK INC	376,851,922.08	296,449,412.77	127.12%		355,418,512.52	296,449,412.77	119.89%		21,433,409.56	0.00	7.23%		6.03%	0.00%	6.03%
CITIBANK, N.A.	23,494,091,592.35	18,797,218,924.82	124.99%		44,424,387,936.09	20,692,983,956.61	214.68%		-20,930,296,343.74	-1,895,765,031.79	-89.70%		-47.11%	-9.16%	-41.78%
UCPB SAVINGS BANK	2,899,128,893.69	2,529,027,328.77	114.63%		2,400,383,875.78	2,538,952,565.15	94.54%		498,745,017.91	-9,925,236.38	20.09%		20.78%	-0.39%	21.25%
WEALTH DEVELOPMENT BANK CORPORATION	531,213,336.53	468,671,548.58	113.34%		513,576,138.61	480,371,548.58	106.91%		17,637,197.92	-11,700,000.00	6.43%		3.43%	-2.44%	6.02%
PHIL BANK OF COMMUNICATIONS	8,081,588,308.91	7,786,212,378.76	103.79%		8,184,723,134.45	7,910,385,394.08	103.47%		-103,134,825.54	-124,173,015.32	0.33%		-1.26%	-1.57%	0.31%
WORLD PARTNERS BANK (A THRIFT BANK)	180,534,627.39	175,928,737.52	102.62%		188,496,902.09	132,927,437.25	141.80%		-7,962,274.70	43,001,300.27	-39.19%		-4.22%	32.35%	-27.63%
EQUICOM SAVINGS BANK INC	821,344,190.47	806,087,664.61	101.89%		743,541,975.31	768,259,083.16	96.78%		77,802,215.16	37,828,581.45	5.11%		10.46%	4.92%	5.28%
DEUTSCHE BANK AG	2,176,131,235.29	2,230,010,344.14	97.58%		1,896,315,916.56	2,215,707,540.15	85.59%		279,815,318.73	14,302,803.99	12.00%		14.76%	0.65%	14.02%
THE PALAWAN BANK (PALAWAN DB) INC	43,612,345.44	45,386,010.03	96.09%		29,202,020.99	44,159,244.35	66.13%		14,410,324.45	1,226,765.68	29.96%		49.35%	2.78%	45.31%
FARMERS SAVINGS & LOAN BANK INC	124,455,874.69	133,403,780.85	93.29%		120,511,672.71	134,827,515.80	89.38%		3,944,201.98	-1,423,734.95	3.91%		3.27%	-1.06%	4.38%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,484,783,857.65	2,920,393,423.02	85.08%		2,464,271,181.95	2,876,685,571.45	85.66%		20,512,675.70	43,707,851.57	-0.58%		0.83%	1.52%	-0.68%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION	1,817,920,762.71	2,164,732,567.10	83.98%		1,828,509,178.97	2,198,216,834.13	83.18%		-10,588,416.26	-33,484,267.03	0.80%		-0.58%	-1.52%	0.96%
PHILIPPINE VETERANS BANK	6,093,240,087.11	7,477,160,035.71	81.49%		6,078,788,235.32	7,305,012,418.21	83.21%		14,451,851.79	172,147,617.50	-1.72%		0.24%	2.36%	-2.07%
RCBC SAVINGS BANK INC	8,022,930,273.79	10,023,153,646.01	80.04%		10,744,616,197.03	9,825,342,006.76	109.36%		-2,721,685,923.24	197,811,639.25	-29.31%		-25.33%	2.01%	-26.80%
DUMAGUETE CITY DEV BANK INC	202,768,726.22	253,368,451.94	80.03%		207,966,189.06	239,322,684.57	86.90%		-5,197,462.84	14,045,767.37	-6.87%		-2.50%	5.87%	-7.90%
BANK OF MAKATI (A SAVINGS BANK) INC	5,504,089,568.91	7,058,242,856.43	77.98%		NA	NA	NA		NA	NA	NA		NA	NA	NA
PHIL SAVINGS BANK	15,670,424,624.52	20,605,887,611.01	76.05%		16,431,312,898.10	20,931,580,838.52	78.50%		-760,888,273.58	-325,693,227.51	-2.45%		-4.63%	-1.56%	-3.12%
MBANK PHILIPPINES (A THRIFT BANK) INC	96,011,983.26	127,422,890.89	75.35%		104,203,342.70	123,726,994.24	84.22%		-8,191,359.44	3,695,896.65	-8.87%		-7.86%	2.99%	-10.53%
TONGYANG SAVINGS BANK INC	352,108,223.87	476,086,440.00	73.96%		298,310,327.33	474,040,690.72	62.93%		53,797,896.54	2,045,749.28	11.03%		18.03%	0.43%	17.53%
UNION BANK OF THE PHILS	42,359,989,075.29	60,105,595,265.71	70.48%		42,435,473,720.43	62,677,961,656.73	67.70%		-75,484,645.14	-2,572,366,391.02	2.77%		-0.18%	-4.10%	4.09%
MICROFINANCE MAXIMUM SB INC	33,066,852.26	46,929,080.19	70.46%		21,087,901.10	54,462,098.70	38.72%		11,978,951.16	-7,533,018.51	31.74%		56.80%	-13.83%	81.98%
PRODUCERS SAVINGS BANK CORPORATION	949,922,668.38	1,420,244,277.59	66.88%		1,034,571,447.68	1,381,963,385.45	74.86%		-84,648,779.30	38,280,892.14	-7.98%		-8.18%	2.77%	-10.66%
PHIL POSTAL SAVINGS BANK INC	904,160,039.53	1,370,139,087.55	65.99%		765,480,502.47	1,351,665,525.19	56.63%		138,679,537.06	18,473,562.36	9.36%		18.12%	1.37%	16.52%
PENBANK INC	249,375,306.72	378,869,973.92	65.82%		202,053,173.00	357,335,617.45	56.54%		47,322,133.72	21,534,356.47	9.28%		23.42%	6.03%	16.41%
PHIL NATIONAL BANK	67,036,146,618.46	104,380,106,561.91	64.22%		71,093,082,628.69	104,068,094,437.47	68.31%		-4,056,936,010.23	312,012,124.44	-4.09%		-5.71%	0.30%	-5.99%
METRO CEBU PUBLIC SAVINGS BANK	42,384,986.68	70,072,367.23	60.49%		53,170,687.26	69,920,459.96	76.04%		-10,785,700.58	151,907.27	-15.56%		-20.29%	0.22%	-20.46%
PHIL STAR DEVELOPMENT BANK INC	49,311,650.26	81,537,914.22	60.48%		48,196,274.55	81,973,833.05	58.79%		1,115,375.71	-435,918.83	1.68%		2.31%	-0.53%	2.86%
PNB SAVINGS BANK	779,975,957.81	11,293,890,527.98	60.48%		714,220,645.47	11,257,557,062.46	6.34%		65,755,312.34	36,333,465.52	54.13%		9.21%	0.32%	853.24%
STANDARD CHARTERED BANK	4,838,558,443.23	8,014,417,534.50	60.37%		6,284,742,073.20	8,024,888,405.68	78.32%		-1,446,183,629.97	-10,470,871.18	-17.94%		-23.01%	-0.13%	-22.91%
EAST WEST BANKING CORP	18,519,688,190.05	32,163,653,929.38	57.58%		19,343,372,177.90	24,078,038,495.54	80.34%		-823,683,987.85	8,085,615,433.84	-22.76%		-4.26%	33.58%	-28.33%
TOWER DEVELOPMENT BANK	67,751,894.20	124,046,667.26	54.62%		72,248,339.64	120,204,213.56	60.10%		-4,496,445.44	3,842,453.70	-5.49%		-6.22%	3.20%	-9.13%
MARITIME SAVINGS BANK CORPORATION	37,827,846.30	70,225,528.64	53.87%		34,919,176.05	70,668,699.12	49.41%		2,908,670.25	-443,170.48	4.45%		8.33%	-0.63%	9.01%
BDO UNIBANK INC	100,105,342,380.06	199,883,391,911.23	50.08%		100,481,370,744.47	202,744,632,642.70	49.56%		-376,028,364.41	-2,861,240,731.47	0.52%		-0.37%	-1.41%	1.05%
1ST VALLEY BANK INC A DEVELOPMENT BANK	661,050,089.54	1,364,348,702.06	48.45%		749,047,446.75	1,368,109,523.21	54.75%		-87,997,357.21	-3,760,821.15	-6.30%		-11.75%	-0.27%	-11.50%
LIFE SAVINGS BANK INC	30,090,974.50	62,221,172.56	48.36%		29,167,977.57	63,924,870.67	45.63%		922,996.93	-1,703,698.11	2.73%		3.16%	-2.67%	5.99%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	54,047,243.58	117,659,453.88	45.94%		42,855,064.20	112,885,626.05	37.96%		11,192,179.38	4,773,827.83	7.97%		26.12%	4.23%	21.00%
BPI FAMILY SAVINGS BANK INC	12,237,991,946.11	27,378,210,495.82	44.70%		11,904,592,759.34	27,240,230,883.49	43.70%		333,399,186.77	137,979,612.33	1.00%		2.80%	0.51%	2.28%
DEVELOPMENT BANK OF THE PHIL	17,943,887,822.59	40,603,281,111.80	44.19%		15,961,136,284.04	40,570,661,092.37	39.34%		1,982,751,538.55	32,620,019.43	4.85%		12.42%	0.08%	12.33%
MAYBANK PHILIPPINES INC	5,429,402,477.00	12,388,031,044.94	43.83%		4,250,661,520.49	11,690,151,577.28	36.36%		1,178,740,956.51	697,879,467.66	7.47%		27.73%	5.97%	20.54%
KOREA EXCHANGE BANK	553,520,855.91	1,268,356,002.32	43.64%		516,416,288.76	1,284,097,972.17	40.22%		37,104,567.15	-15,741,969.85	3.42%		7.19%	-1.23%	8.52%
ASIA UNITED BANK CORPORATION	9,859,862,772.31	22,782,127,503.84	43.28%		9,233,640,554.22	22,657,108,060.23	40.75%		626,222,218.09	125,019,443.61	2.53%		6.78%	0.55%	6.20%
UNIVERSITY SAVINGS BANK INC	116,018,266.84	270,314,365.70	42.92%		115,809,621.65	272,320,975.70	42.53%		208,645.19	-2,006,610.00	0.39%		0.18%	-0.74%	0.92%
NORTHPOINT DEV'T BANK INC	105,988,293.87	251,298,756.24	42.18%		148,220,843.59	243,988,192.87	60.75%		-42,232,549.72	7,310,563.37	-18.57%		-28.49%	3.00%	-30.57%
MEGA INT'L COMM'L BANK CO LTD	865,012,611.55	2,054,523,268.94	42.10%		767,311,979.79	2,040,085,431.57	37.61%		97,700,631.76	14,437,837.37	4.49%		12.73%	0.71%	11.94%
CITYSTATE SAVINGS BANK INC	298,492,906.75	722,171,689.45	41.33%		307,779,436.14	724,795,838.45	42.46%		-9,286,529.39	-2,624,149.00	-1.13%		-3.02%	-0.36%	-2.66%
BANK ONE SAVINGS AND TRUST CORP.	223,173,128.06	565,463,820.50	39.47%		236,329,350.68	566,887,909.10	41.69%		-13,156,222.62	-1,424,088.60	-2.22%		-5.57%	-0.25%	-5.33%
PAMPANGA DEVELOPMENT BANK	57,572,256.47	146,754,031.58	39.23%		60,187,734.72	144,154,031.58	41.75%		-2,615,478.25	2,600,000.00	-2.52%		-4.35%	1.80%	-6.04%
LAND BANK OF THE PHILIPPINES	23,775,559,316.12	66,896,197,461.07	35.54%		23,641,327,605.04	66,913,719,817.48	35.33%		134,231,711.08	-17,522,356.41	0.21%		0.57%	-0.03%	0.59%
CORDILLERA SAVINGS BANK INC	40,681,888.99	121,877,136.79	33.38%		71,086,196.14	123,366,087.49	57.62%		-30,404,307.15	-1,488,950.70	-24.24%		-42.77%	-1.21%	-42.07%
FIRST CONSOLIDATED BANK INC	1,115,872,282.19	3,383,990,048.60	32.98%		1,101,758,803.40	3,416,484,504.09	32.25%		14,113,478.79	-32,494,455.49	0.73%		1.28%	-0.95%	2.25%
ROBINSONS BANK CORPORATION	2,332,270,369.76	7,081,771,698.12	32.93%		2,246,465,396.75	7,079,978,934.78	31.73%		85,804,973.01	1,792,763.34	1.20%		3.82%	0.03%	3.79%
RIZAL COMM'L BANKING CORP	18,775,553,851.25	57,732,146,877.99	32.52%		20,142,542,921.24	51,389,247,292.97	39.20%		-1,366,989,069.99	6,342,899,585.02	-6.67%		-6.79%	12.34%	-17.03%
PHILIPPINE BUSINESS BANK INC	3,084,652,030.82	9,516,588,637.10	32.41%		2,541,687,145.08	9,511,588,637.10	26.72%		542,964,885.74	5,000,000.00	5.69%		21.36%	0.05%	21.30%
HONGKONG & SHANGHAI BANKING CORP	4,431,325,534.33	14,065,039,784.56	31.51%		5,324,012,516.85	14,022,338,639.35	37.97%		-892,686,982.52	42,701,145.21	-6.46%		-16.77%	0.30%	-17.02%
CHINA BANKING CORP	18,284,644,389.66	58,181,808,616.92	31.43%		20,367,681,065.14	58,267,596,506.47	34.96%		-2,083,036,675.48	-85,787,889.55	-3.53%		-10.23%	-0.15%	-10.09%
ANZ BANKING GROUP LTD	1,386,775,823.40	4,492,337,887.43	30.87%		1,209,018,016.89	4,523,125,543.65	26.73%		177,757,806.51	-30,787,656.22	4.14%		14.70%	-0.68%	15.49%
METROPOLITAN BANK & TCO	54,557,857,576.59	181,562,443,049.28	30.05%		58,649,522,765.40	150,010,488,374.17	39.10%		-4,091,665,188.81	31,551,954,675.11	-9.05%		-6.98%	21.03%	-23.14%
CITY SAVINGS BANK INC	1,928,143,781.27	6,796,523,254.50	28.37%		1,562,221,000.42	6,668,601,929.63	23.43%		365,922,780.85	127,921,324.87	4.94%		23.42%	1.92%	21.10%
SECURITY BANK CORP	13,970,612,002.68	49,389,278,249.71	28.29%		23,650,339,221.12	49,978,057,265.47	47.32%		-9,679,727,218.44	-588,779,015.76	-19.03%		-40.93%	-1.18%	-40.22%
SAMPAGUITA SAVINGS BANK INC	21,066,779.02	76,581,262.32	27.51%		24,101,038.37	75,446,427.87	31.94%		-3,034,259.35	1,134,834.45	-4.44%		-12.59%	1.50%	-13.89%
QUEZON COCONUT BANK INC (A THRIFT BANK)	15,836,975.39	58,656,086.31	27.00%		17,757,751.16	57,413,595.52	30.93%		-1,920,775.77	1,242,490.79	-3.93%		-10.82%	2.16%	-12.71%
PHIL TRUST COMPANY	5,168,600,163.70	20,980,243,006.60	24.64%		6,136,767,863.38	20,953,818,006.85	29.29%		-968,167,699.68	26,424,999.75	-4.65%		-15.78%	0.13%	-15.88%
OPTIMUM DEVELOPMENT BANK INC	191,888,223.29	803,058,169.62	23.89%		204,333,026.45	792,442,288.34	25.79%		-12,444,803.16	10,615,881.28	-1.89%		-6.09%	1.34%	-7.33%
BANK OF THE PHIL ISLANDS	34,840,393,189.90	152,422,583,591.94	22.86%		31,980,620,199.42	151,829,400,490.84	21.06%		2,859,772,990.48	593,183,101.10	1.79%		8.94%	0.39%	8.52%
CARD SME BANK INC A THRIFT BANK	104,949,295.45	500,476,537.34	20.97%		98,001,146.26	469,126,734.21	20.89%		6,948,149.19	31,349,803.13	0.08%		7.09%	6.68%	0.38%
BUSINESS AND CONSUMERS BANK	19,140,999.32	91,876,883.87	20.83%		250,256,031.46	91,656,352.27	273.04%		-231,115,032.14	220,531.60	-252.20%		-92.35%	0.24%	-92.37%
BPI DIRECT SAVINGS BANK INC	294,748,605.59	1,460,022,716.53	20.19%		266,204,903.36	1,466,739,963.04	18.15%		28,543,702.23	-6,717,246.51	2.04%		10.72%	-0.46%	11.23%
LEMERY SAVINGS & LOAN BANK, INC.	13,187,108.77	71,262,351.33	18.51%		12,408,834.16	74,923,548.33	16.56%		778,274.61	-3,661,197.00	1.94%		6.27%	-4.89%	11.73%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	124,500,200.90	684,504,870.57	18.19%		132,232,274.19	681,272,956.48	19.41%		-7,732,073.29	3,231,914.09	-1.22%		-5.85%	0.47%	-6.29%
MIZUHO BANK LTD - MANILA BRANCH	539,982,090.99	3,029,979,495.38	17.82%		520,623,434.66	3,029,984,154.78	17.18%		19,358,656.33	-4,659.40	0.64%		3.72%	0.00%	3.72%
CTBC BANK (PHILIPPINES) CORP	1,243,119,861.58	6,985,558,114.79	17.80%		1,204,344,621.75	6,959,986,711.28	17.30%		38,775,239.83	25,571,403.51	0.49%		3.22%	0.37%	2.84%
UNITED OVERSEAS BANK PHILIPPINES	215,965,611.00	1,350,309,506.94	15.99%		792,082,869.31	1,843,819,010.39	42.96%		-576,117,258.31	-493,509,503.45	-26.97%		-72.73%	-26.77%	-62.77%
HSBC SAVINGS BANK(PHILS) INC	270,108,753.44	1,799,284,936.58	15.01%		391,460,406.72	2,219,306,698.17	17.64%		-121,351,653.28	-420,021,761.59	-2.63%		-31.00%	-18.93%	-14.89%
HIYAS BANKING CORPORATION	25,287,043.86	172,565,574.63	14.65%		28,488,319.49	170,639,794.32	16.70%		-3,201,275.63	1,925,780.31	-2.04%		-11.24%	1.13%	-12.23%
BDO PRIVATE BANK, INC.	811,996,123.31	5,546,350,734.13	14.64%		1,347,475,038.67	5,591,591,534.13	24.10%		-535,478,915.36	-45,240,800.00	-9.46%		-39.74%	-0.81%	-39.25%
BATAAN SAVINGS AND LOAN BANK	9,360,212.24	64,296,764.51	14.56%		9,425,622.50	64,296,764.51	14.66%		-65,410.26	0.00	-0.10%		-0.69%	0.00%	-0.69%
CENTURY SAVINGS BANK CORPORATION	118,571,702.01	925,073,723.73	12.82%		126,580,189.54	924,062,339.47	13.70%		-8,008,487.53	1,011,384.26	-0.88%		-6.33%	0.11%	-6.43%
SUN SAVINGS BANK INC	16,774,003.43	133,183,985.62	12.59%		16,499,266.87	114,082,540.17	14.46%		274,736.56	19,101,445.45	-1.87%		1.67%	16.74%	-12.92%
MALASIQUI PROGRESSIVE SLB, INC	7,665,817.22	61,007,484.57	12.57%		8,054,602.07	60,982,462.80	13.21%		-388,784.85	25,021.77	-0.64%		-4.83%	0.04%	-4.87%
JP MORGAN CHASE BANK NATIONAL ASSN.	173,417,277.55	1,407,949,450.00	12.32%		242,392,581.02	1,407,968,061.99	17.22%		-68,975,303.47	-18,611.99	-4.90%		-28.46%	0.00%	-28.46%
INTERNATIONALE NEDERLANDEN GROEP BK	318,371,744.63	2,608,418,539.09	12.21%		164,895,605.89	2,622,846,326.92	6.29%		153,476,138.74	-14,427,787.83	5.92%		93.07%	-0.55%	94.14%
PACIFIC ACE SAVINGS BANK INC	6,477,945.96	82,490,977.38	7.85%		7,951,810.14	82,900,536.82	9.59%		-1,473,864.18	-409,559.44	-1.74%		-18.53%	-0.49%	-18.13%
MERCHANTS SAVINGS & LOAN ASSN INC	27,738,687.16	420,845,497.55	6.59%		252,074,459.32	427,197,144.35	59.01%		-224,335,772.16	-6,351,646.80	-52.42%		-89.00%	-1.49%	-88.83%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	23,232,078.73	376,567,772.28	6.17%		18,957,038.53	376,601,564.39	5.03%		4,275,040.20	-33,792.11	1.14%		22.55%	-0.01%	22.56%
BDO ELITE SAVINGS BANK INC	86,151,421.70	1,583,649,281.18	5.44%		86,151,421.70	1,583,649,281.18	5.44%		0.00	0.00	0.00%		0.00%	0.00%	0.00%
ISLA BANK INC	16,433,036.54	656,964,240.35	2.50%		19,887,661.47	661,796,405.99	3.01%		-3,454,624.93	-4,832,165.64	-0.50%		-17.37%	-0.73%	-16.76%
BANGKOK BANK PUBLIC CO LTD	80,856,340.02	3,330,150,962.00	2.43%		66,176,872.24	3,314,810,827.00	2.00%		14,679,467.78	15,340,135.00	0.43%		22.18%	0.46%	21.62%
PROGRESS SAVINGS AND LOAN BANK INC	1,740,633.57	83,818,365.19	2.08%		1,782,066.95	83,794,739.22	2.13%		-41,433.38	23,625.97	-0.05%		-2.33%	0.03%	-2.35%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	87,112,232.93	4,962,920,166.75	1.76%		105,021,040.23	4,962,920,166.75	2.12%		-17,908,807.30	0.00	-0.36%		-17.05%	0.00%	-17.05%
BANK OF AMERICA N.A.	19,924,036.20	2,120,761,205.20	0.94%		46,571,982.96	2,116,461,209.20	2.20%		-26,647,946.76	4,299,996.00	-1.26%		-57.22%	0.20%	-57.31%
SECURITY BANK SAVINGS CORPORATION	NA	NA	NA		8,792,570,281.33	1,588,413,414.97	553.54%		NA	NA	NA		NA	NA	NA
Grand Total	644,717,120,419.54	1,329,447,392,556.07	48.50%		696,245,374,675.97	1,284,656,999,735.14	54.20%		-48,239,773,544.01	39,320,563,379.47	-5.70%		-6.93%	3.06%	-10.52%

Source: www.bsp.gov.ph

Disclaimer:

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 June 30, 2015 and March 31, 2015 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.