Editor's Note: For the purposes of this article, Philippine Banks or the Philippine Banking System refers to the Philippine Commercial and Universal Banking System and the Philippine Thrift Banking System. We are ignoring the Philippine Rural and Cooperative Banking System whose asset base is tiny in comparison to the whole banking system (Php 192.325 billion or 1.72% of the Php 11,176.246 billion in assets held in the Philippine Banking System as of June 30, 2015).
In an April 9, 2012 article entitled "Stress Test Proves Strength of PH Banks", "Philippine banks are seen to survive a disaster in which the various lenders are forced to write off loans as large as PhP 36 billion without asking shareholders, the central bank, or the national government for bailout money." This assertion stems from a recent stress test conducted by the Bangko Sentral ng Pilipinas (BSP) on all 55 regular and commercial and expanded license banks.
For Philippine Banks, these NPLs currently comprise PhP 124.026 billion or 9.76% of the PhP 1,270.284 billion in Stockholders Equity (SE) as of June 30, 2015. So, writing off 50% of the Philippine Banks NPLs would reduce their aggregate stockholders equity by a little less than 5%.
Naturally, some banks would be more affected than others. (Weak banks are highlighted in yellow. Failed banks are highlighted in red. For more information regarding this, please read "The Top Distressed Philippine Banks as of June 30, 2015").
The stockholder's equity of one bank, Comsavings Bank would be completely wiped out. Eleven other banks would be severely affected. These banks are: Legazpi Savings Bank (78.96% decline in SE), BPI Globe Banko Inc (58.50% decline in SE), Opportunity Kauswagan Bank Inc (48.70% decline in SE), Luzon Development Bank (45.42% decline in SE), Equicom Savings Bank Inc (40.66% decline in SE), Planters Development Bank (40.54% decline in SE), World Partners Bank (39.06% decline in SE), Bataan Development Bank (37.43% decline in SE), Malayan Bank Savings and Mortgage Bank (33.97% decline in SE), MBank Philippines Inc (33.85% decline in SE), Metro Cebu Public Savings Bank (31.83% decline in SE).
| Philippine Banking System | |||
| NPL as % of SE | |||
| June 30, 2015 | |||
| NPL | SE | NPL/SE | |
| Bank | (In PHP) | (In PHP) | (In %) |
| COMSAVINGS BANK | 191,248,203.56 | 17,594,272.04 | 1086.99% |
| LEGAZPI SAVINGS BANK INC | 434,713,024.80 | 275,271,124.24 | 157.92% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 303,033,785.12 | 259,014,856.89 | 116.99% |
| OPPORTUNITY KAUSWAGAN BANK INC | 73,180,619.07 | 75,132,544.94 | 97.40% |
| LUZON DEVELOPMENT BANK | 507,609,992.92 | 558,736,010.47 | 90.85% |
| EQUICOM SAVINGS BANK INC | 472,651,774.12 | 581,237,288.93 | 81.32% |
| PLANTERS DEVELOPMENT BANK | 2,866,123,172.95 | 3,534,513,968.74 | 81.09% |
| WORLD PARTNERS BANK | 89,604,093.13 | 114,691,064.13 | 78.13% |
| BATAAN DEVELOPMENT BANK | 57,986,706.97 | 77,468,452.70 | 74.85% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 666,754,530.61 | 981,260,887.11 | 67.95% |
| MBANK PHILIPPINES INC | 39,073,209.15 | 57,708,925.66 | 67.71% |
| METRO CEBU PUBLIC SAVINGS BANK | 36,277,745.75 | 56,988,412.29 | 63.66% |
| ENTERPRISE BANK INC | 137,191,643.05 | 241,465,210.74 | 56.82% |
| FARMERS SAVINGS & LOAN BANK INC | 57,441,854.50 | 108,608,004.16 | 52.89% |
| PHIL POSTAL SAVINGS BANK INC | 544,029,479.50 | 1,029,990,607.85 | 52.82% |
| THE PALAWAN BANK INC | 15,987,772.37 | 32,327,364.80 | 49.46% |
| BANK OF MAKATI INC | 2,818,397,854.23 | 5,953,540,538.75 | 47.34% |
| STERLING BANK OF ASIA INC | 966,643,725.69 | 2,163,698,711.07 | 44.68% |
| CHINA BANK SAVINGS INC | 1,122,705,244.22 | 2,538,466,966.35 | 44.23% |
| PENBANK INC | 139,443,525.53 | 320,242,577.61 | 43.54% |
| PAMPANGA DEVELOPMENT BANK | 52,701,336.06 | 126,848,673.58 | 41.55% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 514,075,882.16 | 1,274,144,364.82 | 40.35% |
| STANDARD CHARTERED BANK | 2,493,311,908.62 | 6,365,388,735.62 | 39.17% |
| NORTHPOINT DEV'T BANK INC | 74,994,342.73 | 193,033,062.97 | 38.85% |
| MARITIME SAVINGS BANK CORPORATION | 24,336,715.99 | 64,181,062.27 | 37.92% |
| WEALTH DEVELOPMENT BANK CORPORATION | 151,263,604.62 | 412,087,784.99 | 36.71% |
| SAMPAGUITA SAVINGS BANK INC | 19,593,200.13 | 55,755,849.94 | 35.14% |
| RCBC SAVINGS BANK INC | 2,783,963,439.87 | 8,539,921,524.51 | 32.60% |
| DUNGGANON BANK INC | 29,498,300.43 | 94,797,067.56 | 31.12% |
| UNITED COCONUT PLANTERS BANK | 6,216,188,128.78 | 20,164,093,497.57 | 30.83% |
| PHILIPPINE VETERANS BANK | 1,610,731,794.85 | 5,311,190,510.28 | 30.33% |
| VILLAGE BANK INC | 22,730,914.51 | 75,784,711.08 | 29.99% |
| TONGYANG SAVINGS BANK INC | 108,006,887.41 | 372,074,510.49 | 29.03% |
| PHIL STAR DEVELOPMENT BANK INC | 21,842,920.67 | 76,739,387.74 | 28.46% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION | 513,198,327.06 | 1,896,127,600.21 | 27.07% |
| PHIL SAVINGS BANK | 4,372,148,005.47 | 17,384,488,208.08 | 25.15% |
| PHIL BANK OF COMMUNICATIONS | 1,891,849,658.47 | 7,810,598,126.54 | 24.22% |
| UCPB SAVINGS BANK | 516,146,099.25 | 2,155,160,764.68 | 23.95% |
| BPI FAMILY SAVINGS BANK INC | 5,226,490,529.12 | 23,859,822,808.45 | 21.90% |
| LIFE SAVINGS BANK INC | 12,879,682.98 | 61,497,646.63 | 20.94% |
| FIRST CONSOLIDATED BANK INC | 621,355,629.59 | 3,033,307,180.24 | 20.48% |
| EAST WEST BANKING CORP | 5,675,977,313.83 | 29,439,693,241.66 | 19.28% |
| UNION BANK OF THE PHILS | 9,798,205,751.44 | 51,955,576,711.05 | 18.86% |
| CITYSTATE SAVINGS BANK INC | 112,842,411.58 | 645,466,476.78 | 17.48% |
| MAYBANK PHILIPPINES INC | 1,848,823,142.88 | 11,281,821,360.53 | 16.39% |
| BUSINESS AND CONSUMERS BANK | 14,017,010.15 | 88,318,240.12 | 15.87% |
| UNITED OVERSEAS BANK PHILIPPINES | 171,836,043.28 | 1,131,426,122.14 | 15.19% |
| DUMAGUETE CITY DEV BANK INC | 32,759,929.63 | 231,912,806.28 | 14.13% |
| INTER-ASIA DEVELOPMENT BANK | 7,914,470.56 | 56,300,188.55 | 14.06% |
| MALASIQUI PROGRESSIVE SLB, INC | 7,410,279.25 | 53,235,328.15 | 13.92% |
| DEVELOPMENT BANK OF THE PHIL | 5,759,578,869.42 | 42,384,636,125.43 | 13.59% |
| BPI DIRECT SAVINGS BANK INC | 184,823,670.37 | 1,416,670,757.64 | 13.05% |
| BANK OF COMMERCE | 1,943,428,393.34 | 15,262,313,934.88 | 12.73% |
| CORDILLERA SAVINGS BANK INC | 14,627,746.41 | 117,479,229.01 | 12.45% |
| CITY SAVINGS BANK INC | 872,211,070.89 | 7,232,735,528.05 | 12.06% |
| PHILIPPINE BUSINESS BANK INC | 994,057,951.15 | 8,391,990,435.02 | 11.85% |
| PHIL NATIONAL BANK | 9,067,066,902.31 | 93,349,883,708.14 | 9.71% |
| MICROFINANCE MAXIMUM SB INC | 2,552,934.15 | 26,413,307.62 | 9.67% |
| LAND BANK OF THE PHILIPPINES | 7,001,091,253.62 | 74,569,304,033.38 | 9.39% |
| CHINA BANKING CORP | 4,921,349,996.05 | 54,131,189,224.98 | 9.09% |
| BDO UNIBANK INC | 15,535,855,128.06 | 179,821,847,506.88 | 8.64% |
| TOWER DEVELOPMENT BANK | 9,924,927.53 | 118,355,496.22 | 8.39% |
| ASIA UNITED BANK CORPORATION | 1,696,605,696.49 | 20,608,012,017.40 | 8.23% |
| SUN SAVINGS BANK INC | 10,273,588.19 | 126,356,472.19 | 8.13% |
| LEMERY SAVINGS & LOAN BANK, INC. | 5,487,710.87 | 70,301,901.64 | 7.81% |
| PRODUCERS SAVINGS BANK CORPORATION | 106,929,506.68 | 1,388,915,247.79 | 7.70% |
| HONGKONG & SHANGHAI BANKING CORP | 1,007,193,050.23 | 13,093,980,223.87 | 7.69% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 189,040,895.91 | 2,508,432,508.19 | 7.54% |
| ROBINSONS BANK CORPORATION | 648,281,449.20 | 9,080,018,266.90 | 7.14% |
| HIYAS BANKING CORPORATION | 11,269,981.71 | 166,330,343.03 | 6.78% |
| CARD SME BANK INC A THRIFT BANK | 34,383,674.39 | 518,521,095.02 | 6.63% |
| UNIVERSITY SAVINGS BANK INC | 25,738,333.50 | 403,230,797.63 | 6.38% |
| QUEEN CITY DEVELOPMENT BANK INC | 39,629,087.22 | 656,862,729.09 | 6.03% |
| BANK OF THE PHIL ISLANDS | 8,502,678,861.67 | 144,424,514,136.66 | 5.89% |
| CTBC BANK (PHILIPPINES) CORP | 365,040,429.64 | 6,670,249,012.45 | 5.47% |
| CITIBANK, N.A. | 674,220,900.00 | 12,704,767,460.17 | 5.31% |
| OPTIMUM DEVELOPMENT BANK INC | 38,142,223.56 | 767,252,477.03 | 4.97% |
| PHIL TRUST COMPANY | 1,092,003,102.85 | 23,673,571,737.77 | 4.61% |
| BANK ONE SAVINGS AND TRUST CORP. | 25,295,100.90 | 563,906,917.85 | 4.49% |
| PACIFIC ACE SAVINGS BANK INC | 3,458,594.64 | 80,143,568.42 | 4.32% |
| CENTURY SAVINGS BANK CORPORATION | 40,593,678.08 | 944,631,178.29 | 4.30% |
| PNB SAVINGS BANK | 462,335,523.76 | 11,132,346,874.37 | 4.15% |
| MEGA INT'L COMM'L BANK CO LTD | 66,450,000.00 | 1,878,135,053.81 | 3.54% |
| RIZAL COMM'L BANKING CORP | 2,143,107,451.90 | 62,239,277,438.91 | 3.44% |
| HSBC SAVINGS BANK(PHILS) INC | 58,688,758.57 | 1,808,158,787.37 | 3.25% |
| SECURITY BANK CORP | 1,362,633,210.54 | 50,874,071,660.68 | 2.68% |
| QUEZON COCONUT BANK INC | 1,555,545.32 | 58,766,773.87 | 2.65% |
| BATAAN SAVINGS AND LOAN BANK | 1,505,600.05 | 64,143,950.67 | 2.35% |
| KOREA EXCHANGE BANK | 23,550,181.36 | 1,260,307,130.33 | 1.87% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 6,962,105.76 | 393,714,280.30 | 1.77% |
| PROGRESS SAVINGS AND LOAN BANK INC | 1,173,321.24 | 82,285,828.57 | 1.43% |
| METROPOLITAN BANK & TCO | 2,557,929,137.05 | 180,834,565,479.46 | 1.41% |
| ANZ BANKING GROUP LTD | 23,339,114.85 | 4,596,026,057.49 | 0.51% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,092,048.97 | 350,128,447.77 | 0.31% |
| BANGKOK BANK PUBLIC CO LTD | 4,662,165.64 | 3,103,858,680.95 | 0.15% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 1,242,578,154.13 | 0.06% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 92.18 | 2,554,357,750.05 | 0.00% |
| BANK OF AMERICA N.A. | 4.00 | 2,096,061,205.20 | 0.00% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 810,274,426.40 | 0.00% |
| BDO PRIVATE BANK, INC. | 0.00 | 5,903,695,966.62 | 0.00% |
| DEUTSCHE BANK AG | 0.00 | 2,559,394,821.53 | 0.00% |
| ISLA BANK INC | 0.00 | 658,778,697.45 | 0.00% |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 2,729,931,250.02 | 0.00% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,591,668,673.67 | 0.00% |
| Grand Total | 124,025,745,474.05 | 1,270,284,096,111.24 | 9.76% |
Are NPLs the Right Numbers to Look At?
In a financial crisis, a loan that is current can very well become past due, and a past due loan can become a non-performing loan, and a non-performing loan can become a loan write-off. The real number to look at are the loans that the banks and BSP already consider doubtful: Classified Loans.
Investopedia.com defines "Classified Loans" as:
"Any bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, and it is unclear whether the bank will be able to recoup the loan proceeds from the borrower. Banks usually categorize such loans as adversely classified assets on their books."
The US Federal Deposit Insurance Corporation (FDIC), similar to our very own Philippine Deposit Insurance Corporation (PDIC), defines Classified Loans as:
"Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future."
In a financial crisis, a loan that is current can very well become past due, and a past due loan can become a non-performing loan, and a non-performing loan can become a loan write-off. The real number to look at are the loans that the banks and BSP already consider doubtful: Classified Loans.
Investopedia.com defines "Classified Loans" as:
"Any bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, and it is unclear whether the bank will be able to recoup the loan proceeds from the borrower. Banks usually categorize such loans as adversely classified assets on their books."
The US Federal Deposit Insurance Corporation (FDIC), similar to our very own Philippine Deposit Insurance Corporation (PDIC), defines Classified Loans as:
"Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future."
In Circular #0247 dated May 19, 2000, BSP defines Classified Loans as loans which possess the following characteristics:
- Loans especially mentioned because they have potential weaknesses that deserve Management's close attention;
- Substandard Loans are loans which appear to involve a substantial and unreasonable degree of risk to the institution because of unfavorable record or unsatisfactory characteristics;
- Doubtful Loans are Substandard Loans with the added characteristics that existing facts, conditions, and values make collection or liquidation in full highly improbable and in which substantial loss is probable;
- Loss loans are loans that are considered uncollectible or worthless and are of such little value that their continuance as bankable assets is not warranted although the loans may have some recovery or salvage value.
- Loans Especially Mentioned: 5%
- Substandard - Secured: 6% - 25%
- Substandard - Unsecured: 25%
- Doubtful: 50%
- Loss: 100%
| Philippine Banking System | |||
| Classified Loans vs. NPLs | |||
| June 30, 2015 | |||
| Classified Loans | NPL | Classified Loans/NPL | |
| Bank | (In PHP) | (In PHP) | (In %) |
| BANK OF AMERICA N.A. | 5,614,000.00 | 4.00 | 140350000.00% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 63,500,000.00 | 92.18 | 68886960.30% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,567,297,952.21 | 189,040,895.91 | 4531.98% |
| CITIBANK, N.A. | 18,318,242,000.00 | 674,220,900.00 | 2716.95% |
| VILLAGE BANK INC | 582,948,737.72 | 22,730,914.51 | 2564.56% |
| KOREA EXCHANGE BANK | 538,762,954.79 | 23,550,181.36 | 2287.72% |
| INTER-ASIA DEVELOPMENT BANK | 169,528,352.23 | 7,914,470.56 | 2142.00% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 13,972,461.61 | 1,092,048.97 | 1279.47% |
| MEGA INT'L COMM'L BANK CO LTD | 850,079,312.40 | 66,450,000.00 | 1279.28% |
| BANK OF COMMERCE | 22,618,000,000.00 | 1,943,428,393.34 | 1163.82% |
| QUEZON COCONUT BANK INC | 14,791,861.34 | 1,555,545.32 | 950.91% |
| METROPOLITAN BANK & TCO | 22,694,633,465.47 | 2,557,929,137.05 | 887.23% |
| BANK ONE SAVINGS AND TRUST CORP. | 208,265,987.28 | 25,295,100.90 | 823.35% |
| SECURITY BANK CORP | 10,099,000,000.00 | 1,362,633,210.54 | 741.14% |
| COMSAVINGS BANK | 1,275,879,789.57 | 191,248,203.56 | 667.13% |
| TOWER DEVELOPMENT BANK | 59,237,724.32 | 9,924,927.53 | 596.86% |
| DUMAGUETE CITY DEV BANK INC | 186,850,000.00 | 32,759,929.63 | 570.36% |
| UCPB SAVINGS BANK | 2,578,909,096.07 | 516,146,099.25 | 499.65% |
| RIZAL COMM'L BANKING CORP | 10,401,641,907.42 | 2,143,107,451.90 | 485.35% |
| PHIL NATIONAL BANK | 40,482,409,988.18 | 9,067,066,902.31 | 446.48% |
| PRODUCERS SAVINGS BANK CORPORATION | 466,401,435.24 | 106,929,506.68 | 436.18% |
| UNIVERSITY SAVINGS BANK INC | 102,093,043.31 | 25,738,333.50 | 396.66% |
| PHIL TRUST COMPANY | 4,132,700,000.00 | 1,092,003,102.85 | 378.45% |
| BDO UNIBANK INC | 56,663,690,899.28 | 15,535,855,128.06 | 364.73% |
| UNITED COCONUT PLANTERS BANK | 21,487,165,524.83 | 6,216,188,128.78 | 345.66% |
| ASIA UNITED BANK CORPORATION | 5,284,603,493.40 | 1,696,605,696.49 | 311.48% |
| PHIL SAVINGS BANK | 13,390,215,550.38 | 4,372,148,005.47 | 306.26% |
| UNION BANK OF THE PHILS | 27,449,251,982.34 | 9,798,205,751.44 | 280.15% |
| TONGYANG SAVINGS BANK INC | 299,187,321.65 | 108,006,887.41 | 277.01% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION | 1,409,336,415.94 | 513,198,327.06 | 274.62% |
| CENTURY SAVINGS BANK CORPORATION | 108,933,959.68 | 40,593,678.08 | 268.35% |
| LAND BANK OF THE PHILIPPINES | 18,784,202,685.33 | 7,001,091,253.62 | 268.30% |
| QUEEN CITY DEVELOPMENT BANK INC | 103,944,980.55 | 39,629,087.22 | 262.29% |
| RCBC SAVINGS BANK INC | 6,940,955,925.00 | 2,783,963,439.87 | 249.32% |
| CORDILLERA SAVINGS BANK INC | 36,053,116.89 | 14,627,746.41 | 246.47% |
| ROBINSONS BANK CORPORATION | 1,526,179,000.00 | 648,281,449.20 | 235.42% |
| CHINA BANKING CORP | 11,548,801,545.21 | 4,921,349,996.05 | 234.67% |
| PHILIPPINE VETERANS BANK | 3,631,737,822.99 | 1,610,731,794.85 | 225.47% |
| PHIL STAR DEVELOPMENT BANK INC | 46,880,851.73 | 21,842,920.67 | 214.63% |
| FARMERS SAVINGS & LOAN BANK INC | 122,193,963.90 | 57,441,854.50 | 212.73% |
| STERLING BANK OF ASIA INC | 2,046,671,000.00 | 966,643,725.69 | 211.73% |
| LIFE SAVINGS BANK INC | 26,464,594.44 | 12,879,682.98 | 205.48% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 1,369,718,663.63 | 666,754,530.61 | 205.43% |
| LEGAZPI SAVINGS BANK INC | 883,980,000.00 | 434,713,024.80 | 203.35% |
| OPTIMUM DEVELOPMENT BANK INC | 76,022,046.26 | 38,142,223.56 | 199.31% |
| BANK OF THE PHIL ISLANDS | 16,588,114,271.55 | 8,502,678,861.67 | 195.09% |
| BPI FAMILY SAVINGS BANK INC | 9,450,308,414.29 | 5,226,490,529.12 | 180.82% |
| BATAAN DEVELOPMENT BANK | 102,400,000.00 | 57,986,706.97 | 176.59% |
| DEVELOPMENT BANK OF THE PHIL | 9,870,609,486.14 | 5,759,578,869.42 | 171.38% |
| CHINA BANK SAVINGS INC | 1,901,905,060.22 | 1,122,705,244.22 | 169.40% |
| PLANTERS DEVELOPMENT BANK | 4,717,131,378.67 | 2,866,123,172.95 | 164.58% |
| CTBC BANK (PHILIPPINES) CORP | 560,852,288.42 | 365,040,429.64 | 153.64% |
| WEALTH DEVELOPMENT BANK CORPORATION | 229,105,976.35 | 151,263,604.62 | 151.46% |
| MARITIME SAVINGS BANK CORPORATION | 36,807,174.63 | 24,336,715.99 | 151.24% |
| PHIL POSTAL SAVINGS BANK INC | 817,057,342.65 | 544,029,479.50 | 150.19% |
| PHILIPPINE BUSINESS BANK INC | 1,455,126,000.00 | 994,057,951.15 | 146.38% |
| BANK OF MAKATI INC | 3,960,957,751.48 | 2,818,397,854.23 | 140.54% |
| WORLD PARTNERS BANK | 124,581,022.39 | 89,604,093.13 | 139.03% |
| PENBANK INC | 190,850,647.77 | 139,443,525.53 | 136.87% |
| DUNGGANON BANK INC | 40,199,668.34 | 29,498,300.43 | 136.28% |
| EQUICOM SAVINGS BANK INC | 618,797,317.97 | 472,651,774.12 | 130.92% |
| EAST WEST BANKING CORP | 7,352,208,071.00 | 5,675,977,313.83 | 129.53% |
| FIRST CONSOLIDATED BANK INC | 802,937,890.33 | 621,355,629.59 | 129.22% |
| PNB SAVINGS BANK | 595,070,640.73 | 462,335,523.76 | 128.71% |
| HONGKONG & SHANGHAI BANKING CORP | 1,287,612,857.31 | 1,007,193,050.23 | 127.84% |
| MAYBANK PHILIPPINES INC | 2,329,333,288.65 | 1,848,823,142.88 | 125.99% |
| CITY SAVINGS BANK INC | 1,034,826,722.22 | 872,211,070.89 | 118.64% |
| BPI DIRECT SAVINGS BANK INC | 218,528,436.19 | 184,823,670.37 | 118.24% |
| ANZ BANKING GROUP LTD | 27,054,105.87 | 23,339,114.85 | 115.92% |
| UNITED OVERSEAS BANK PHILIPPINES | 198,947,613.94 | 171,836,043.28 | 115.78% |
| LEMERY SAVINGS & LOAN BANK, INC. | 6,292,792.41 | 5,487,710.87 | 114.67% |
| METRO CEBU PUBLIC SAVINGS BANK | 39,957,840.28 | 36,277,745.75 | 110.14% |
| STANDARD CHARTERED BANK | 2,678,992,652.79 | 2,493,311,908.62 | 107.45% |
| SAMPAGUITA SAVINGS BANK INC | 20,896,821.97 | 19,593,200.13 | 106.65% |
| PROGRESS SAVINGS AND LOAN BANK INC | 1,246,302.24 | 1,173,321.24 | 106.22% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 532,593,142.61 | 514,075,882.16 | 103.60% |
| SUN SAVINGS BANK INC | 10,437,944.29 | 10,273,588.19 | 101.60% |
| OPPORTUNITY KAUSWAGAN BANK INC | 73,183,405.25 | 73,180,619.07 | 100.00% |
| BANGKOK BANK PUBLIC CO LTD | 4,662,165.64 | 4,662,165.64 | 100.00% |
| BATAAN SAVINGS AND LOAN BANK | 1,505,600.05 | 1,505,600.05 | 100.00% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 303,033,785.12 | 303,033,785.12 | 100.00% |
| HIYAS BANKING CORPORATION | 11,269,981.71 | 11,269,981.71 | 100.00% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 734,885.22 | 100.00% |
| MALASIQUI PROGRESSIVE SLB, INC | 7,410,279.25 | 7,410,279.25 | 100.00% |
| PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 52,701,336.06 | 89.93% |
| LUZON DEVELOPMENT BANK | 431,381,273.90 | 507,609,992.92 | 84.98% |
| HSBC SAVINGS BANK(PHILS) INC | 46,176,201.38 | 58,688,758.57 | 78.68% |
| PHIL BANK OF COMMUNICATIONS | 365,011,551.75 | 1,891,849,658.47 | 19.29% |
| BUSINESS AND CONSUMERS BANK | 0.00 | 14,017,010.15 | 0.00% |
| CARD SME BANK INC A THRIFT BANK | 0.00 | 34,383,674.39 | 0.00% |
| CITYSTATE SAVINGS BANK INC | 0.00 | 112,842,411.58 | 0.00% |
| ENTERPRISE BANK INC | 0.00 | 137,191,643.05 | 0.00% |
| MBANK PHILIPPINES INC | 0.00 | 39,073,209.15 | 0.00% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 6,962,105.76 | 0.00% |
| MICROFINANCE MAXIMUM SB INC | 0.00 | 2,552,934.15 | 0.00% |
| NORTHPOINT DEV'T BANK INC | 0.00 | 74,994,342.73 | 0.00% |
| PACIFIC ACE SAVINGS BANK INC | 0.00 | 3,458,594.64 | 0.00% |
| THE PALAWAN BANK INC | 0.00 | 15,987,772.37 | 0.00% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | NA |
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | NA |
| DEUTSCHE BANK AG | 1,027,114,356.83 | 0.00 | NA |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | NA |
| MIZUHO BANK LTD - MANILA BRANCH | 444,450,588.01 | 0.00 | NA |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | NA |
| Grand Total | 388,232,020,746.03 | 124,025,745,474.05 | 313.03% |
This level of classified loans should be measured against the bank's "capital cushion" or its ability to absorb losses. Capital Cushion is normally defined as a bank's "Tangible Common Equity" plus its Loan Loss Reserves. Tangible Common Equity (TCE) refers to the subset of shareholders' equity that is not preferred equity and not intangible assets. So it excludes such items as Hybrid equity (like preferred shares) and goodwill.
By this measure, the level of "Classified Loans and other Risky Assets" amounts to Php 388.232 billion or 27.21% of the Php 1.427 trillion in Total Capital Cushion of Philippine Banks as of June 30, 2015.
By this measure, the level of "Classified Loans and other Risky Assets" amounts to Php 388.232 billion or 27.21% of the Php 1.427 trillion in Total Capital Cushion of Philippine Banks as of June 30, 2015.
| Philippine Banking System | |||
| Classified Loans as % of Total Capital Cushion | |||
| June 30, 2015 | |||
| Classified Loans | Total Capital Cushion | Classified Loans/Total Capital Cushion | |
| Bank | (In Php) | (In Php) | (In %) |
| COMSAVINGS BANK | 1,275,879,789.57 | 44,118,280.85 | 2891.95% |
| VILLAGE BANK INC | 582,948,737.72 | 93,126,911.50 | 625.97% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,567,297,952.21 | 2,785,123,243.61 | 307.61% |
| INTER-ASIA DEVELOPMENT BANK | 169,528,352.23 | 63,101,928.88 | 268.66% |
| LEGAZPI SAVINGS BANK INC | 883,980,000.00 | 502,733,090.43 | 175.83% |
| BANK OF COMMERCE | 22,618,000,000.00 | 18,048,063,882.89 | 125.32% |
| BATAAN DEVELOPMENT BANK | 102,400,000.00 | 92,857,968.92 | 110.28% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 1,369,718,663.63 | 1,277,864,503.62 | 107.19% |
| CITIBANK, N.A. | 18,318,242,000.00 | 18,342,138,893.87 | 99.87% |
| PLANTERS DEVELOPMENT BANK | 4,717,131,378.67 | 4,808,565,447.68 | 98.10% |
| UCPB SAVINGS BANK | 2,578,909,096.07 | 2,714,823,708.96 | 94.99% |
| UNITED COCONUT PLANTERS BANK | 21,487,165,524.83 | 24,453,614,133.43 | 87.87% |
| FARMERS SAVINGS & LOAN BANK INC | 122,193,963.90 | 139,560,786.33 | 87.56% |
| OPPORTUNITY KAUSWAGAN BANK INC | 73,183,405.25 | 94,740,628.77 | 77.25% |
| EQUICOM SAVINGS BANK INC | 618,797,317.97 | 814,629,159.07 | 75.96% |
| DUMAGUETE CITY DEV BANK INC | 186,850,000.00 | 248,446,663.40 | 75.21% |
| WORLD PARTNERS BANK | 124,581,022.39 | 167,933,819.51 | 74.18% |
| STERLING BANK OF ASIA INC | 2,046,671,000.00 | 2,828,022,222.73 | 72.37% |
| RCBC SAVINGS BANK INC | 6,940,955,925.00 | 10,296,430,572.68 | 67.41% |
| LUZON DEVELOPMENT BANK | 431,381,273.90 | 660,443,348.74 | 65.32% |
| TONGYANG SAVINGS BANK INC | 299,187,321.65 | 468,659,103.06 | 63.84% |
| CHINA BANK SAVINGS INC | 1,901,905,060.22 | 3,003,233,062.40 | 63.33% |
| METRO CEBU PUBLIC SAVINGS BANK | 39,957,840.28 | 64,105,886.39 | 62.33% |
| PHIL SAVINGS BANK | 13,390,215,550.38 | 21,519,597,415.30 | 62.22% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION | 1,409,336,415.94 | 2,341,058,224.61 | 60.20% |
| PHIL STAR DEVELOPMENT BANK INC | 46,880,851.73 | 82,829,703.22 | 56.60% |
| PHIL POSTAL SAVINGS BANK INC | 817,057,342.65 | 1,448,148,833.75 | 56.42% |
| PHILIPPINE VETERANS BANK | 3,631,737,822.99 | 6,501,316,566.80 | 55.86% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 303,033,785.12 | 542,558,227.18 | 55.85% |
| BANK OF MAKATI INC | 3,960,957,751.48 | 7,224,429,509.58 | 54.83% |
| MARITIME SAVINGS BANK CORPORATION | 36,807,174.63 | 71,129,707.51 | 51.75% |
| PENBANK INC | 190,850,647.77 | 395,568,457.24 | 48.25% |
| WEALTH DEVELOPMENT BANK CORPORATION | 229,105,976.35 | 476,979,240.81 | 48.03% |
| TOWER DEVELOPMENT BANK | 59,237,724.32 | 125,604,014.82 | 47.16% |
| UNION BANK OF THE PHILS | 27,449,251,982.34 | 62,186,301,803.19 | 44.14% |
| LIFE SAVINGS BANK INC | 26,464,594.44 | 64,272,968.30 | 41.18% |
| KOREA EXCHANGE BANK | 538,762,954.79 | 1,328,663,132.65 | 40.55% |
| MEGA INT'L COMM'L BANK CO LTD | 850,079,312.40 | 2,111,549,855.08 | 40.26% |
| PHIL NATIONAL BANK | 40,482,409,988.18 | 104,220,742,504.74 | 38.84% |
| DEUTSCHE BANK AG | 1,027,114,356.83 | 2,739,308,428.84 | 37.50% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 532,593,142.61 | 1,455,354,886.73 | 36.60% |
| BANK ONE SAVINGS AND TRUST CORP. | 208,265,987.28 | 573,440,520.38 | 36.32% |
| STANDARD CHARTERED BANK | 2,678,992,652.79 | 7,972,749,646.57 | 33.60% |
| DUNGGANON BANK INC | 40,199,668.34 | 119,951,647.02 | 33.51% |
| BPI FAMILY SAVINGS BANK INC | 9,450,308,414.29 | 29,102,771,711.02 | 32.47% |
| PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 149,655,765.13 | 31.67% |
| PRODUCERS SAVINGS BANK CORPORATION | 466,401,435.24 | 1,485,741,046.24 | 31.39% |
| CORDILLERA SAVINGS BANK INC | 36,053,116.89 | 128,367,540.85 | 28.09% |
| SAMPAGUITA SAVINGS BANK INC | 20,896,821.97 | 75,128,124.57 | 27.81% |
| BDO UNIBANK INC | 56,663,690,899.28 | 208,924,913,787.16 | 27.12% |
| QUEZON COCONUT BANK INC | 14,791,861.34 | 59,657,589.15 | 24.79% |
| ASIA UNITED BANK CORPORATION | 5,284,603,493.40 | 22,022,339,838.44 | 24.00% |
| UNIVERSITY SAVINGS BANK INC | 102,093,043.31 | 445,207,024.78 | 22.93% |
| FIRST CONSOLIDATED BANK INC | 802,937,890.33 | 3,591,530,236.98 | 22.36% |
| EAST WEST BANKING CORP | 7,352,208,071.00 | 32,886,394,833.68 | 22.36% |
| LAND BANK OF THE PHILIPPINES | 18,784,202,685.33 | 85,736,267,882.83 | 21.91% |
| DEVELOPMENT BANK OF THE PHIL | 9,870,609,486.14 | 48,210,176,491.78 | 20.47% |
| CHINA BANKING CORP | 11,548,801,545.21 | 60,624,020,875.17 | 19.05% |
| MAYBANK PHILIPPINES INC | 2,329,333,288.65 | 12,495,146,715.19 | 18.64% |
| SECURITY BANK CORP | 10,099,000,000.00 | 54,187,960,329.11 | 18.64% |
| PHIL TRUST COMPANY | 4,132,700,000.00 | 25,846,334,215.67 | 15.99% |
| RIZAL COMM'L BANKING CORP | 10,401,641,907.42 | 65,649,632,237.90 | 15.84% |
| ROBINSONS BANK CORPORATION | 1,526,179,000.00 | 9,664,882,823.77 | 15.79% |
| PHILIPPINE BUSINESS BANK INC | 1,455,126,000.00 | 9,230,191,936.17 | 15.76% |
| QUEEN CITY DEVELOPMENT BANK INC | 103,944,980.55 | 676,033,946.25 | 15.38% |
| UNITED OVERSEAS BANK PHILIPPINES | 198,947,613.94 | 1,309,607,540.50 | 15.19% |
| MIZUHO BANK LTD - MANILA BRANCH | 444,450,588.01 | 3,059,910,745.40 | 14.52% |
| BPI DIRECT SAVINGS BANK INC | 218,528,436.19 | 1,616,185,000.55 | 13.52% |
| CITY SAVINGS BANK INC | 1,034,826,722.22 | 7,984,188,761.30 | 12.96% |
| MALASIQUI PROGRESSIVE SLB, INC | 7,410,279.25 | 60,419,924.53 | 12.26% |
| METROPOLITAN BANK & TCO | 22,694,633,465.47 | 193,240,144,599.97 | 11.74% |
| CENTURY SAVINGS BANK CORPORATION | 108,933,959.68 | 958,217,214.16 | 11.37% |
| BANK OF THE PHIL ISLANDS | 16,588,114,271.55 | 156,889,552,712.00 | 10.57% |
| OPTIMUM DEVELOPMENT BANK INC | 76,022,046.26 | 811,821,316.09 | 9.36% |
| HONGKONG & SHANGHAI BANKING CORP | 1,287,612,857.31 | 14,207,745,211.46 | 9.06% |
| LEMERY SAVINGS & LOAN BANK, INC. | 6,292,792.41 | 72,650,879.95 | 8.66% |
| CTBC BANK (PHILIPPINES) CORP | 560,852,288.42 | 7,126,478,158.82 | 7.87% |
| SUN SAVINGS BANK INC | 10,437,944.29 | 136,475,484.64 | 7.65% |
| HIYAS BANKING CORPORATION | 11,269,981.71 | 173,160,409.96 | 6.51% |
| PNB SAVINGS BANK | 595,070,640.73 | 11,355,418,217.31 | 5.24% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 13,972,461.61 | 352,924,512.44 | 3.96% |
| PHIL BANK OF COMMUNICATIONS | 365,011,551.75 | 9,318,215,169.33 | 3.92% |
| HSBC SAVINGS BANK(PHILS) INC | 46,176,201.38 | 1,904,389,579.22 | 2.42% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 63,500,000.00 | 2,662,776,289.14 | 2.38% |
| BATAAN SAVINGS AND LOAN BANK | 1,505,600.05 | 65,738,995.29 | 2.29% |
| PROGRESS SAVINGS AND LOAN BANK INC | 1,246,302.24 | 82,570,351.54 | 1.51% |
| ANZ BANKING GROUP LTD | 27,054,105.87 | 4,863,174,438.50 | 0.56% |
| BANK OF AMERICA N.A. | 5,614,000.00 | 2,120,761,205.20 | 0.26% |
| BANGKOK BANK PUBLIC CO LTD | 4,662,165.64 | 3,338,727,965.95 | 0.14% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 1,262,803,604.13 | 0.06% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 810,274,426.40 | 0.00% |
| BDO PRIVATE BANK, INC. | 0.00 | 5,993,001,904.64 | 0.00% |
| BUSINESS AND CONSUMERS BANK | 0.00 | 95,407,598.37 | 0.00% |
| CARD SME BANK INC A THRIFT BANK | 0.00 | 578,877,354.10 | 0.00% |
| CITYSTATE SAVINGS BANK INC | 0.00 | 680,796,907.20 | 0.00% |
| ENTERPRISE BANK INC | 0.00 | 296,819,024.40 | 0.00% |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 663,069,277.78 | 0.00% |
| MBANK PHILIPPINES INC | 0.00 | 93,602,501.88 | 0.00% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 405,206,328.57 | 0.00% |
| MICROFINANCE MAXIMUM SB INC | 0.00 | 28,862,412.96 | 0.00% |
| NORTHPOINT DEV'T BANK INC | 0.00 | 242,692,173.28 | 0.00% |
| PACIFIC ACE SAVINGS BANK INC | 0.00 | 82,631,874.57 | 0.00% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,975,378,704.13 | 0.00% |
| THE PALAWAN BANK INC | 0.00 | 47,239,242.80 | 0.00% |
| Grand Total | 388,232,020,746.03 | 1,426,674,165,512.34 | 27.21% |
Stress Test Scenarios
Aggregate
So how will a 10%, 20%, 30%, 40%, and even 50% write-off of Classified Loans affect the Total Capital Cushion of the Philippine Banking System?
In the aggregate, if Classified Loans amount to 27.21% of the banking system's Total Capital Cushion, then it follows that a 10% write-off of Classified Loans will reduce the total capital by 2.72% and a 50% write-off of classified loans will reduce the banking system's Total Capital Cushion by 13.60%.
Individual Banks
A 10% write-off of Classified Loans would wipe out the capital of one bank (highlighted in red) and severely impact (by 30% or more) the Total Capital Cushion of two other banks (severely affected banks highlighted in yellow).
A 20% write-off of Classified Loans will totally wipe out the Total Capital Cushion of two banks and severely impact the Total Capital Cushion of three more banks:
Aggregate
So how will a 10%, 20%, 30%, 40%, and even 50% write-off of Classified Loans affect the Total Capital Cushion of the Philippine Banking System?
In the aggregate, if Classified Loans amount to 27.21% of the banking system's Total Capital Cushion, then it follows that a 10% write-off of Classified Loans will reduce the total capital by 2.72% and a 50% write-off of classified loans will reduce the banking system's Total Capital Cushion by 13.60%.
Individual Banks
A 10% write-off of Classified Loans would wipe out the capital of one bank (highlighted in red) and severely impact (by 30% or more) the Total Capital Cushion of two other banks (severely affected banks highlighted in yellow).
- Comsavings Bank (289.20% reduction in Total Capital Cushion)
- Village Bank Inc. (62.60% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (30.76% reduction in Total Capital Cushion)
- Comsavings Bank (578.39% reduction in Total Capital Cushion)
- Village Bank Inc. (125.19% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (61.52% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (53.73% reduction in Total Capital Cushion)
- Legazpi Savings Bank (35.17% reduction in Total Capital Cushion)
- Comsavings Bank (867.59% reduction in Total Capital Cushion)
- Village Bank Inc. (187.79% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (92.28% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (80.60% reduction in Total Capital Cushion)
- Legazpi Savings Bank (52.75% reduction in Total Capital Cushion)
- Bank of Commerce (37.60% reduction in Total Capital Cushion)
- Bataan Development Bank (33.08% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (32.16% reduction in Total Capital Cushion)
A 40% write-off of Classified Loans will totally wipe out the Total Capital Cushion of four banks and severely affect (reduce by 30% or more) the Total Capital Cushion of twelve more banks:
- Comsavings Bank (1156.78% reduction in Total Capital Cushion)
- Village Bank Inc. (250.39% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (123.04% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (107.46% reduction in Total Capital Cushion)
- Legazpi Savings Bank (70.33% reduction in Total Capital Cushion)
- Bank of Commerce (50.13% reduction in Total Capital Cushion)
- Bataan Development Bank (44.11% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (42.88% reduction in Total Capital Cushion)
- Citibank, N.A. (39.95% reduction in Total Capital Cushion)
- Planters Development Bank (39.24% reduction in Total Capital Cushion)
- UCPB Savings Bank (38.00% reduction in Total Capital Cushion)
- United Coconut Planters Bank (35.15% reduction in Total Capital Cushion)
- Farmers Savings & Loan Bank (35.02% reduction in Total Capital Cushion)
- Opportunity Kauswagan Bank Inc (30.90% reduction in Total Capital Cushion)
- Equicom Savings Bank (30.38% reduction in Total Capital Cushion)
- Dumaguete City Development Bank Inc. (30.08% reduction in Total Capital Cushion)
A 50% write-off of Classified Loans will totally wipe out the Total Capital Cushion of four banks and severely affect (reduce by 30% or more) the Total Capital Cushion of twenty-one more banks:
- Comsavings Bank (1445.98% reduction in Total Capital Cushion)
- Village Bank Inc. (312.99% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (153.80% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (134.33% reduction in Total Capital Cushion)
- Legazpi Savings Bank (87.92% reduction in Total Capital Cushion)
- Bank of Commerce (62.66% reduction in Total Capital Cushion)
- Bataan Development Bank (55.14% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (53.59% reduction in Total Capital Cushion)
- Citibank, N.A. (49.93% reduction in Total Capital Cushion)
- Planters Development Bank (49.05% reduction in Total Capital Cushion)
- UCPB Savings Bank (47.50% reduction in Total Capital Cushion)
- United Coconut Planters Bank (43.93% reduction in Total Capital Cushion)
- Farmers Savings & Loan Bank (43.78% reduction in Total Capital Cushion)
- Opportunity Kauswagan Bank Inc (38.62% reduction in Total Capital Cushion)
- Equicom Savings Bank (37.98% reduction in Total Capital Cushion)
- Dumaguete City Development Bank Inc. (37.60% reduction in Total Capital Cushion)
- World Partners Bank (37.09% reduction in Total Capital Cushion)
- Sterling Bank of Asia Inc (36.19% reduction in Total Capital Cushion)
- RCBC Savings Bank (33.71% reduction in Total Capital Cushion)
- Luzon Development Bank (32.66% reduction in Total Capital Cushion)
- TongYang Savings Bank Inc (31.92% reduction in Total Capital Cushion)
- China Bank Savings Inc (31.66% reduction in Total Capital Cushion)
- Metro Cebu Public Savings Bank (31.17% reduction in Total Capital Cushion)
- Philippine Savings Bank (31.11% reduction in Total Capital Cushion)
- Philippine Resources Savings Banking Corporation (30.10% reduction in Total Capital Cushion)
Please bear in mind that a number of these banks are already very weak and are in distress. Please see a previous blog post: "The Top Distressed Philippine Banks as of June 30, 2015". Moreover, their capital can be overstated. See a previous blog post "Overstated Capital of Philippine Banks as of June 30, 2015". As such, any reduction in their capital cushion could knock down an already weak bank.
| Philippine Banking System | ||||||||
| Impact Analysis of Classified Loan Loss Severities on Total Capital Cushion | ||||||||
| June 30, 2015 | ||||||||
| Classified Loans | Total Capital Cushion | Classified Loans/Total Capital Cushion | Impact of 10% Classified Loan Loss Severity on Total Capital Cushion | Impact of 20% Classified Loan Loss Severity on Total Capital Cushion | Impact of 30% Classified Loan Loss Severity on Total Capital Cushion | Impact of 40% Classified Loan Loss Severity on Total Capital Cushion | Impact of 50% Classified Loan Loss Severity on Total Capital Cushion | |
| Bank | (In Php) | (In Php) | (In %) | (In %) | (In %) | (In %) | (In %) | (In %) |
| COMSAVINGS BANK | 1,275,879,789.57 | 44,118,280.85 | 2891.95% | 289.20% | 578.39% | 867.59% | 1156.78% | 1445.98% |
| VILLAGE BANK INC | 582,948,737.72 | 93,126,911.50 | 625.97% | 62.60% | 125.19% | 187.79% | 250.39% | 312.99% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,567,297,952.21 | 2,785,123,243.61 | 307.61% | 30.76% | 61.52% | 92.28% | 123.04% | 153.80% |
| INTER-ASIA DEVELOPMENT BANK | 169,528,352.23 | 63,101,928.88 | 268.66% | 26.87% | 53.73% | 80.60% | 107.46% | 134.33% |
| LEGAZPI SAVINGS BANK INC | 883,980,000.00 | 502,733,090.43 | 175.83% | 17.58% | 35.17% | 52.75% | 70.33% | 87.92% |
| BANK OF COMMERCE | 22,618,000,000.00 | 18,048,063,882.89 | 125.32% | 12.53% | 25.06% | 37.60% | 50.13% | 62.66% |
| BATAAN DEVELOPMENT BANK | 102,400,000.00 | 92,857,968.92 | 110.28% | 11.03% | 22.06% | 33.08% | 44.11% | 55.14% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 1,369,718,663.63 | 1,277,864,503.62 | 107.19% | 10.72% | 21.44% | 32.16% | 42.88% | 53.59% |
| CITIBANK, N.A. | 18,318,242,000.00 | 18,342,138,893.87 | 99.87% | 9.99% | 19.97% | 29.96% | 39.95% | 49.93% |
| PLANTERS DEVELOPMENT BANK | 4,717,131,378.67 | 4,808,565,447.68 | 98.10% | 9.81% | 19.62% | 29.43% | 39.24% | 49.05% |
| UCPB SAVINGS BANK | 2,578,909,096.07 | 2,714,823,708.96 | 94.99% | 9.50% | 19.00% | 28.50% | 38.00% | 47.50% |
| UNITED COCONUT PLANTERS BANK | 21,487,165,524.83 | 24,453,614,133.43 | 87.87% | 8.79% | 17.57% | 26.36% | 35.15% | 43.93% |
| FARMERS SAVINGS & LOAN BANK INC | 122,193,963.90 | 139,560,786.33 | 87.56% | 8.76% | 17.51% | 26.27% | 35.02% | 43.78% |
| OPPORTUNITY KAUSWAGAN BANK INC | 73,183,405.25 | 94,740,628.77 | 77.25% | 7.72% | 15.45% | 23.17% | 30.90% | 38.62% |
| EQUICOM SAVINGS BANK INC | 618,797,317.97 | 814,629,159.07 | 75.96% | 7.60% | 15.19% | 22.79% | 30.38% | 37.98% |
| DUMAGUETE CITY DEV BANK INC | 186,850,000.00 | 248,446,663.40 | 75.21% | 7.52% | 15.04% | 22.56% | 30.08% | 37.60% |
| WORLD PARTNERS BANK | 124,581,022.39 | 167,933,819.51 | 74.18% | 7.42% | 14.84% | 22.26% | 29.67% | 37.09% |
| STERLING BANK OF ASIA INC | 2,046,671,000.00 | 2,828,022,222.73 | 72.37% | 7.24% | 14.47% | 21.71% | 28.95% | 36.19% |
| RCBC SAVINGS BANK INC | 6,940,955,925.00 | 10,296,430,572.68 | 67.41% | 6.74% | 13.48% | 20.22% | 26.96% | 33.71% |
| LUZON DEVELOPMENT BANK | 431,381,273.90 | 660,443,348.74 | 65.32% | 6.53% | 13.06% | 19.60% | 26.13% | 32.66% |
| TONGYANG SAVINGS BANK INC | 299,187,321.65 | 468,659,103.06 | 63.84% | 6.38% | 12.77% | 19.15% | 25.54% | 31.92% |
| CHINA BANK SAVINGS INC | 1,901,905,060.22 | 3,003,233,062.40 | 63.33% | 6.33% | 12.67% | 19.00% | 25.33% | 31.66% |
| METRO CEBU PUBLIC SAVINGS BANK | 39,957,840.28 | 64,105,886.39 | 62.33% | 6.23% | 12.47% | 18.70% | 24.93% | 31.17% |
| PHIL SAVINGS BANK | 13,390,215,550.38 | 21,519,597,415.30 | 62.22% | 6.22% | 12.44% | 18.67% | 24.89% | 31.11% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION | 1,409,336,415.94 | 2,341,058,224.61 | 60.20% | 6.02% | 12.04% | 18.06% | 24.08% | 30.10% |
| PHIL STAR DEVELOPMENT BANK INC | 46,880,851.73 | 82,829,703.22 | 56.60% | 5.66% | 11.32% | 16.98% | 22.64% | 28.30% |
| PHIL POSTAL SAVINGS BANK INC | 817,057,342.65 | 1,448,148,833.75 | 56.42% | 5.64% | 11.28% | 16.93% | 22.57% | 28.21% |
| PHILIPPINE VETERANS BANK | 3,631,737,822.99 | 6,501,316,566.80 | 55.86% | 5.59% | 11.17% | 16.76% | 22.34% | 27.93% |
| BPI GLOBE BANKO INC A SAVINGS BANK | 303,033,785.12 | 542,558,227.18 | 55.85% | 5.59% | 11.17% | 16.76% | 22.34% | 27.93% |
| BANK OF MAKATI INC | 3,960,957,751.48 | 7,224,429,509.58 | 54.83% | 5.48% | 10.97% | 16.45% | 21.93% | 27.41% |
| MARITIME SAVINGS BANK CORPORATION | 36,807,174.63 | 71,129,707.51 | 51.75% | 5.17% | 10.35% | 15.52% | 20.70% | 25.87% |
| PENBANK INC | 190,850,647.77 | 395,568,457.24 | 48.25% | 4.82% | 9.65% | 14.47% | 19.30% | 24.12% |
| WEALTH DEVELOPMENT BANK CORPORATION | 229,105,976.35 | 476,979,240.81 | 48.03% | 4.80% | 9.61% | 14.41% | 19.21% | 24.02% |
| TOWER DEVELOPMENT BANK | 59,237,724.32 | 125,604,014.82 | 47.16% | 4.72% | 9.43% | 14.15% | 18.86% | 23.58% |
| UNION BANK OF THE PHILS | 27,449,251,982.34 | 62,186,301,803.19 | 44.14% | 4.41% | 8.83% | 13.24% | 17.66% | 22.07% |
| LIFE SAVINGS BANK INC | 26,464,594.44 | 64,272,968.30 | 41.18% | 4.12% | 8.24% | 12.35% | 16.47% | 20.59% |
| KOREA EXCHANGE BANK | 538,762,954.79 | 1,328,663,132.65 | 40.55% | 4.05% | 8.11% | 12.16% | 16.22% | 20.27% |
| MEGA INT'L COMM'L BANK CO LTD | 850,079,312.40 | 2,111,549,855.08 | 40.26% | 4.03% | 8.05% | 12.08% | 16.10% | 20.13% |
| PHIL NATIONAL BANK | 40,482,409,988.18 | 104,220,742,504.74 | 38.84% | 3.88% | 7.77% | 11.65% | 15.54% | 19.42% |
| DEUTSCHE BANK AG | 1,027,114,356.83 | 2,739,308,428.84 | 37.50% | 3.75% | 7.50% | 11.25% | 15.00% | 18.75% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 532,593,142.61 | 1,455,354,886.73 | 36.60% | 3.66% | 7.32% | 10.98% | 14.64% | 18.30% |
| BANK ONE SAVINGS AND TRUST CORP. | 208,265,987.28 | 573,440,520.38 | 36.32% | 3.63% | 7.26% | 10.90% | 14.53% | 18.16% |
| STANDARD CHARTERED BANK | 2,678,992,652.79 | 7,972,749,646.57 | 33.60% | 3.36% | 6.72% | 10.08% | 13.44% | 16.80% |
| DUNGGANON BANK INC | 40,199,668.34 | 119,951,647.02 | 33.51% | 3.35% | 6.70% | 10.05% | 13.41% | 16.76% |
| BPI FAMILY SAVINGS BANK INC | 9,450,308,414.29 | 29,102,771,711.02 | 32.47% | 3.25% | 6.49% | 9.74% | 12.99% | 16.24% |
| PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 149,655,765.13 | 31.67% | 3.17% | 6.33% | 9.50% | 12.67% | 15.83% |
| PRODUCERS SAVINGS BANK CORPORATION | 466,401,435.24 | 1,485,741,046.24 | 31.39% | 3.14% | 6.28% | 9.42% | 12.56% | 15.70% |
| CORDILLERA SAVINGS BANK INC | 36,053,116.89 | 128,367,540.85 | 28.09% | 2.81% | 5.62% | 8.43% | 11.23% | 14.04% |
| SAMPAGUITA SAVINGS BANK INC | 20,896,821.97 | 75,128,124.57 | 27.81% | 2.78% | 5.56% | 8.34% | 11.13% | 13.91% |
| BDO UNIBANK INC | 56,663,690,899.28 | 208,924,913,787.16 | 27.12% | 2.71% | 5.42% | 8.14% | 10.85% | 13.56% |
| QUEZON COCONUT BANK INC | 14,791,861.34 | 59,657,589.15 | 24.79% | 2.48% | 4.96% | 7.44% | 9.92% | 12.40% |
| ASIA UNITED BANK CORPORATION | 5,284,603,493.40 | 22,022,339,838.44 | 24.00% | 2.40% | 4.80% | 7.20% | 9.60% | 12.00% |
| UNIVERSITY SAVINGS BANK INC | 102,093,043.31 | 445,207,024.78 | 22.93% | 2.29% | 4.59% | 6.88% | 9.17% | 11.47% |
| FIRST CONSOLIDATED BANK INC | 802,937,890.33 | 3,591,530,236.98 | 22.36% | 2.24% | 4.47% | 6.71% | 8.94% | 11.18% |
| EAST WEST BANKING CORP | 7,352,208,071.00 | 32,886,394,833.68 | 22.36% | 2.24% | 4.47% | 6.71% | 8.94% | 11.18% |
| LAND BANK OF THE PHILIPPINES | 18,784,202,685.33 | 85,736,267,882.83 | 21.91% | 2.19% | 4.38% | 6.57% | 8.76% | 10.95% |
| DEVELOPMENT BANK OF THE PHIL | 9,870,609,486.14 | 48,210,176,491.78 | 20.47% | 2.05% | 4.09% | 6.14% | 8.19% | 10.24% |
| CHINA BANKING CORP | 11,548,801,545.21 | 60,624,020,875.17 | 19.05% | 1.90% | 3.81% | 5.71% | 7.62% | 9.52% |
| MAYBANK PHILIPPINES INC | 2,329,333,288.65 | 12,495,146,715.19 | 18.64% | 1.86% | 3.73% | 5.59% | 7.46% | 9.32% |
| SECURITY BANK CORP | 10,099,000,000.00 | 54,187,960,329.11 | 18.64% | 1.86% | 3.73% | 5.59% | 7.45% | 9.32% |
| PHIL TRUST COMPANY | 4,132,700,000.00 | 25,846,334,215.67 | 15.99% | 1.60% | 3.20% | 4.80% | 6.40% | 7.99% |
| RIZAL COMM'L BANKING CORP | 10,401,641,907.42 | 65,649,632,237.90 | 15.84% | 1.58% | 3.17% | 4.75% | 6.34% | 7.92% |
| ROBINSONS BANK CORPORATION | 1,526,179,000.00 | 9,664,882,823.77 | 15.79% | 1.58% | 3.16% | 4.74% | 6.32% | 7.90% |
| PHILIPPINE BUSINESS BANK INC | 1,455,126,000.00 | 9,230,191,936.17 | 15.76% | 1.58% | 3.15% | 4.73% | 6.31% | 7.88% |
| QUEEN CITY DEVELOPMENT BANK INC | 103,944,980.55 | 676,033,946.25 | 15.38% | 1.54% | 3.08% | 4.61% | 6.15% | 7.69% |
| UNITED OVERSEAS BANK PHILIPPINES | 198,947,613.94 | 1,309,607,540.50 | 15.19% | 1.52% | 3.04% | 4.56% | 6.08% | 7.60% |
| MIZUHO BANK LTD - MANILA BRANCH | 444,450,588.01 | 3,059,910,745.40 | 14.52% | 1.45% | 2.90% | 4.36% | 5.81% | 7.26% |
| BPI DIRECT SAVINGS BANK INC | 218,528,436.19 | 1,616,185,000.55 | 13.52% | 1.35% | 2.70% | 4.06% | 5.41% | 6.76% |
| CITY SAVINGS BANK INC | 1,034,826,722.22 | 7,984,188,761.30 | 12.96% | 1.30% | 2.59% | 3.89% | 5.18% | 6.48% |
| MALASIQUI PROGRESSIVE SLB, INC | 7,410,279.25 | 60,419,924.53 | 12.26% | 1.23% | 2.45% | 3.68% | 4.91% | 6.13% |
| METROPOLITAN BANK & TCO | 22,694,633,465.47 | 193,240,144,599.97 | 11.74% | 1.17% | 2.35% | 3.52% | 4.70% | 5.87% |
| CENTURY SAVINGS BANK CORPORATION | 108,933,959.68 | 958,217,214.16 | 11.37% | 1.14% | 2.27% | 3.41% | 4.55% | 5.68% |
| BANK OF THE PHIL ISLANDS | 16,588,114,271.55 | 156,889,552,712.00 | 10.57% | 1.06% | 2.11% | 3.17% | 4.23% | 5.29% |
| OPTIMUM DEVELOPMENT BANK INC | 76,022,046.26 | 811,821,316.09 | 9.36% | 0.94% | 1.87% | 2.81% | 3.75% | 4.68% |
| HONGKONG & SHANGHAI BANKING CORP | 1,287,612,857.31 | 14,207,745,211.46 | 9.06% | 0.91% | 1.81% | 2.72% | 3.63% | 4.53% |
| LEMERY SAVINGS & LOAN BANK, INC. | 6,292,792.41 | 72,650,879.95 | 8.66% | 0.87% | 1.73% | 2.60% | 3.46% | 4.33% |
| CTBC BANK (PHILIPPINES) CORP | 560,852,288.42 | 7,126,478,158.82 | 7.87% | 0.79% | 1.57% | 2.36% | 3.15% | 3.93% |
| SUN SAVINGS BANK INC | 10,437,944.29 | 136,475,484.64 | 7.65% | 0.76% | 1.53% | 2.29% | 3.06% | 3.82% |
| HIYAS BANKING CORPORATION | 11,269,981.71 | 173,160,409.96 | 6.51% | 0.65% | 1.30% | 1.95% | 2.60% | 3.25% |
| PNB SAVINGS BANK | 595,070,640.73 | 11,355,418,217.31 | 5.24% | 0.52% | 1.05% | 1.57% | 2.10% | 2.62% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 13,972,461.61 | 352,924,512.44 | 3.96% | 0.40% | 0.79% | 1.19% | 1.58% | 1.98% |
| PHIL BANK OF COMMUNICATIONS | 365,011,551.75 | 9,318,215,169.33 | 3.92% | 0.39% | 0.78% | 1.18% | 1.57% | 1.96% |
| HSBC SAVINGS BANK(PHILS) INC | 46,176,201.38 | 1,904,389,579.22 | 2.42% | 0.24% | 0.48% | 0.73% | 0.97% | 1.21% |
| INTERNATIONALE NEDERLANDEN GROEP BK | 63,500,000.00 | 2,662,776,289.14 | 2.38% | 0.24% | 0.48% | 0.72% | 0.95% | 1.19% |
| BATAAN SAVINGS AND LOAN BANK | 1,505,600.05 | 65,738,995.29 | 2.29% | 0.23% | 0.46% | 0.69% | 0.92% | 1.15% |
| PROGRESS SAVINGS AND LOAN BANK INC | 1,246,302.24 | 82,570,351.54 | 1.51% | 0.15% | 0.30% | 0.45% | 0.60% | 0.75% |
| ANZ BANKING GROUP LTD | 27,054,105.87 | 4,863,174,438.50 | 0.56% | 0.06% | 0.11% | 0.17% | 0.22% | 0.28% |
| BANK OF AMERICA N.A. | 5,614,000.00 | 2,120,761,205.20 | 0.26% | 0.03% | 0.05% | 0.08% | 0.11% | 0.13% |
| BANGKOK BANK PUBLIC CO LTD | 4,662,165.64 | 3,338,727,965.95 | 0.14% | 0.01% | 0.03% | 0.04% | 0.06% | 0.07% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 1,262,803,604.13 | 0.06% | 0.01% | 0.01% | 0.02% | 0.02% | 0.03% |
| BDO ELITE SAVINGS BANK INC | 0.00 | 810,274,426.40 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| BDO PRIVATE BANK, INC. | 0.00 | 5,993,001,904.64 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| BUSINESS AND CONSUMERS BANK | 0.00 | 95,407,598.37 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CARD SME BANK INC A THRIFT BANK | 0.00 | 578,877,354.10 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CITYSTATE SAVINGS BANK INC | 0.00 | 680,796,907.20 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ENTERPRISE BANK INC | 0.00 | 296,819,024.40 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 663,069,277.78 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| MBANK PHILIPPINES INC | 0.00 | 93,602,501.88 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 405,206,328.57 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| MICROFINANCE MAXIMUM SB INC | 0.00 | 28,862,412.96 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| NORTHPOINT DEV'T BANK INC | 0.00 | 242,692,173.28 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| PACIFIC ACE SAVINGS BANK INC | 0.00 | 82,631,874.57 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,975,378,704.13 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| THE PALAWAN BANK INC | 0.00 | 47,239,242.80 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Grand Total | 388,232,020,746.03 | 1,426,674,165,512.34 | 27.21% | 2.72% | 5.44% | 8.16% | 10.88% | 13.61% |
Source: www.bsp.gov.ph
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