Philippine Banks Deteriorate in the 3rd Qtr. of 2015

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

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

Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks increased by Php 23.220 billion or 3.59% from June 30, 2015 to September 30, 2015.  This increase was partially offset by a 0.27% 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 increased by 1.15%, from 48.55% as of June 30, 2015 to 49.71% as of September 30, 2015. On a year on year basis, the Distressed Asset Ratio has dropped 8.73% from 54.42% as of September 30, 2014 to just 49.71% as of September 30, 2015.

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

1. Bataan Savings and Loan Bank (78.16% decrease)
2. Comsavings Bank (77.09% decrease)
3. United Overseas Bank Philippines (60.91% decrease)
4. Mizuho Bank Ltd - Manila Branch (47.93% decrease)
5. ANZ Banking Group Ltd (46.91% decrease)
6. Tower Development Bank (38.44% decrease)
7. Opportunity Kauswagan Bank Inc (35.93% decrease)
8. Northpoint Development Bank (32.79% decrease)
9. The Palawan Bank (32.09% decrease)
10. Hongkong & Shanghai Banking Corp (25.26% decrease)

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

1. Security Bank Savings Corporation (462.34% increase)
2. BDO Private Bank, Inc. (60.81% increase)
3. City Savings Bank Inc (84.80% increase)
4. Bank of America N.A. (77.50% increase)
5. The Bank of Tokyo-Mitsubishi UFJ Ltd (56.19% increase)
6. Philippine Resources Savings Banking Corporation (56.06% increase)
7. Dumaguete City Development Bank Inc. (42.57% increase)
8. Al-Amanah Islamic Investment Bank of the Philippines (42.32% increase)
9. Deutsche Bank AG (39.80% increase)
10. JP Morgan Chase Bank National Association (37.27% increase)
11. Standard Chartered Bank (36.54% increase)
12. Producers Savings Bank Corporation (35.42% increase)
13. Citystate Savings Bank Inc (29.16% increase)

Distressed Banks


Four of the banks with significant increases has been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of September 30, 2015. These banks are:

1. Security Bank Savings Corporation (Distressed Ratio of 553.54%)
2. Philippine Resources Saving Banking Corporation (Distressed Ratio of 131.06%)
3. Dumaguete City Bank Inc (Distressed Ratio of 114.10%)
4. Deutsche Bank AG (Distressed Ratio of 136.43%)

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

1. Comsavings Bank (Distressed Ratio of 14,272.55%)
2. Legazpi Savings Bank (Distressed Ratio of 957.53%)
3. Village Bank Inc. (Distressed Ratio of 644.91%)
4. Security Bank Savings Corporation (Distressed Ratio of 553.54%)
5. Bank of China Limited - Manila Branch (Distressed Ratio of 354.59%)
6. United Coconut Planters Bank (Distressed Ratio of 325.14%)
7. Inter-Asia Development Bank (Distressed Ratio of 291.12%)
8. Planters Development Bank (Distressed Ratio of 221.37%)
9. Luzon Development Bank (Distressed Ratio of 149.68%)
10. Bank of Commerce (Distressed Ratio of 148.92%)
11. Deutsche Bank AG (Distressed Ratio of 136.43%)
12. Bataan Development Bank (Distressed Ratio of 135.84%)
13. Malayan Bank Savings and Mortgage Bank (132.44%)
14. Enterprise Bank Inc. (Distressed Ratio of 131.94%)
15. Philippine Resources Savings Banking Corporation (Distressed Ratio of 131.06%)
16. China Bank Savings Inc (Distressed Rato of 128.12%)
17. Dumaguete City Development Bank Inc (Distressed Ratio of 114.10%)
18. World Partners Bank (Distressed Ratio of 113.86%)
19. UCPB Savings Bank (Distressed Ratio of 112.63%)
20. Equicom Savings Bank Inc (Distressed Ratio of 105.20%)
21. Opportunity Kauswagan Bank Inc (Distressed Ratio of 100.46%)

It is important to note that Comsavings Bank has an extremely high distressed ratio because it only has Php 13.560 million in stockholder's equity supporting Php 2.110 billion in distressed assets as of September 30, 2015.

As a group, the distressed banks significant deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 216.79% as of September 30, 2015, up from 178.17% as of June 30, 2015.  

Departures

There have been several departures from the list of Distressed Banks since June 30, 2015.

1. Citibank, N.A., which had a distressed ratio of 124.99% as of June 30, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 96.92% as of September 30, 2015.
2. Wealth Development Bank Corporation, which had a distressed rato of 113.34% as of June 30, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 92.50% as of September 30, 2015.
3. Philippine Bank of Communications, which had a distressed ratio of 103.79% as of June 30, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 86.8% as of September 30, 2015.

Arrivals

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

1. Security Bank Savings Corporation, which had a distressed ratio of 98.44% as of June 30, 2015, now has a distressed ratio of 553.54% as of September 30, 2015.
2. Deutsche Bank AG, which had a distressed ratio of 97.58% as of June 30, 2015, now has a distressed ratio of 136.43% as of September 30, 2015.
3. Philippine Resources Savings Banking Corporation, which had a distressed ratio of 83.9% as of June 30, 2015, now has a distressed ratio of 131.06% as of September 30, 2015.
4. Dumaguete City Development Bank Inc, which had a distressed ratio of 80.03% as of June 30, 2015, now has a distressed ratio of 114.10% as of September 30, 2015.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2015 to September 30, 2015
In %
Bank	September 30, 2015	June 30, 2015	Variance	% Variance
SECURITY BANK SAVINGS CORPORATION	553.54%	98.44%	455.11%	462.34%
BDO PRIVATE BANK, INC.	60.81%	14.64%	46.17%	315.35%
CITY SAVINGS BANK INC	52.43%	28.37%	24.06%	84.80%
BANK OF AMERICA N.A.	1.67%	0.94%	0.73%	77.50%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.74%	1.76%	0.99%	56.19%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	131.06%	83.98%	47.08%	56.06%
DUMAGUETE CITY DEV BANK INC	114.10%	80.03%	34.07%	42.57%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	8.78%	6.17%	2.61%	42.32%
DEUTSCHE BANK AG	136.43%	97.58%	38.84%	39.80%
JP MORGAN CHASE BANK NATIONAL ASSN.	16.91%	12.32%	4.59%	37.27%
STANDARD CHARTERED BANK	82.44%	60.37%	22.06%	36.54%
PRODUCERS SAVINGS BANK CORPORATION	90.58%	66.88%	23.69%	35.42%
CITYSTATE SAVINGS BANK INC	53.39%	41.33%	12.05%	29.16%
PHIL POSTAL SAVINGS BANK INC	80.33%	65.99%	14.34%	21.73%
ING BANK N.V.	14.85%	12.21%	2.64%	21.65%
SAMPAGUITA SAVINGS BANK INC	33.13%	27.51%	5.62%	20.42%
MAYBANK PHILIPPINES INC	52.35%	43.83%	8.52%	19.44%
METROPOLITAN BANK & TCO	35.62%	30.05%	5.58%	18.56%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	37.91%	32.41%	5.50%	16.97%
PHIL STAR DEVELOPMENT BANK INC	69.89%	60.48%	9.41%	15.57%
CHINA BANKING CORP	35.56%	31.43%	4.14%	13.16%
WORLD PARTNERS BANK (A THRIFT BANK)	113.86%	102.62%	11.24%	10.95%
METRO CEBU PUBLIC SAVINGS BANK	66.65%	60.49%	6.16%	10.19%
LUZON DEVELOPMENT BANK	149.68%	138.11%	11.57%	8.38%
BDO UNIBANK INC	53.96%	50.08%	3.88%	7.75%
BANK OF CHINA LIMITED-MANILA BRANCH	354.59%	329.25%	25.34%	7.70%
CARD SME BANK INC A THRIFT BANK	22.51%	20.97%	1.54%	7.36%
EAST WEST BANKING CORP	61.71%	57.58%	4.13%	7.17%
PNB SAVINGS BANK	7.32%	6.91%	0.41%	5.92%
FIRST CONSOLIDATED BANK INC (A PDB)	34.75%	32.98%	1.77%	5.38%
UNIVERSITY SAVINGS BANK INC	44.98%	42.92%	2.06%	4.81%
BPI FAMILY SAVINGS BANK INC	46.69%	44.70%	1.99%	4.45%
PHIL SAVINGS BANK	79.36%	76.05%	3.31%	4.36%
BPI DIRECT SAVINGS BANK INC	21.05%	20.19%	0.86%	4.28%
ENTERPRISE BANK INC (A THRIFT BANK)	131.94%	127.12%	4.82%	3.79%
CORDILLERA SAVINGS BANK INC	34.63%	33.38%	1.26%	3.76%
EQUICOM SAVINGS BANK INC	105.20%	101.89%	3.30%	3.24%
MALAYAN BANK SAVINGS AND MORT BANK INC	132.44%	128.44%	4.00%	3.11%
ROBINSONS BANK CORPORATION	33.91%	32.93%	0.97%	2.96%
SUN SAVINGS BANK INC	12.76%	12.59%	0.16%	1.28%
LIFE SAVINGS BANK INC	48.97%	48.36%	0.61%	1.27%
SECURITY BANK CORP	28.61%	28.29%	0.33%	1.15%
BANK OF COMMERCE	148.92%	147.91%	1.01%	0.68%
BANGKOK BANK PUBLIC CO LTD	2.43%	2.43%	0.00%	0.20%
BANK OF THE PHIL ISLANDS	22.90%	22.86%	0.04%	0.19%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	65.83%	65.82%	0.01%	0.01%
MEGA INT'L COMM'L BANK CO LTD	42.04%	42.10%	-0.06%	-0.14%
HIYAS BANKING CORPORATION	14.62%	14.65%	-0.03%	-0.21%
INTER-ASIA DEVELOPMENT BANK	291.12%	292.12%	-0.99%	-0.34%
BANK ONE SAVINGS AND TRUST CORP.	39.24%	39.47%	-0.22%	-0.57%
KOREA EXCHANGE BANK	43.37%	43.64%	-0.27%	-0.62%
CHINA BANK SAVINGS INC	128.12%	129.21%	-1.09%	-0.84%
UNITED COCONUT PLANTERS BANK	325.14%	329.00%	-3.86%	-1.17%
MARITIME SAVINGS BANK CORPORATION	53.16%	53.87%	-0.71%	-1.31%
DEVELOPMENT BANK OF THE PHIL	43.49%	44.19%	-0.70%	-1.59%
1ST VALLEY BANK INC A DEVELOPMENT BANK	47.62%	48.45%	-0.84%	-1.72%
UCPB SAVINGS BANK	112.63%	114.63%	-2.00%	-1.75%
VILLAGE BANK INC (A THRIFT BANK)	644.91%	657.53%	-12.62%	-1.92%
PAMPANGA DEVELOPMENT BANK	38.35%	39.23%	-0.89%	-2.26%
PHIL TRUST COMPANY	24.07%	24.64%	-0.57%	-2.30%
BATAAN DEVELOPMENT BANK	132.68%	135.84%	-3.17%	-2.33%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	82.60%	85.08%	-2.49%	-2.92%
PHILIPPINE VETERANS BANK	78.72%	81.49%	-2.77%	-3.40%
RCBC SAVINGS BANK INC	77.13%	80.04%	-2.91%	-3.64%
BUSINESS AND CONSUMERS BANK (A DB)	20.03%	20.83%	-0.80%	-3.83%
MERCHANTS SAVINGS & LOAN ASSN INC	6.31%	6.59%	-0.28%	-4.20%
MALASIQUI PROGRESSIVE SLB, INC	12.02%	12.57%	-0.55%	-4.36%
BANK OF MAKATI (A SAVINGS BANK) INC	74.34%	77.98%	-3.64%	-4.67%
LAND BANK OF THE PHILIPPINES	33.80%	35.54%	-1.74%	-4.90%
QUEZON COCONUT BANK INC (A THRIFT BANK)	25.65%	27.00%	-1.35%	-5.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	43.63%	45.94%	-2.31%	-5.03%
PLANTERS DEVELOPMENT BANK	221.37%	233.86%	-12.49%	-5.34%
PROGRESS SAVINGS AND LOAN BANK INC	1.96%	2.08%	-0.12%	-5.57%
ASIA UNITED BANK CORPORATION	40.36%	43.28%	-2.92%	-6.75%
UNION BANK OF THE PHILS	65.70%	70.48%	-4.78%	-6.78%
CTBC BANK (PHILIPPINES) CORP	16.54%	17.80%	-1.26%	-7.07%
CENTURY SAVINGS BANK CORPORATION	11.89%	12.82%	-0.93%	-7.23%
PHIL NATIONAL BANK	59.31%	64.22%	-4.92%	-7.65%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	16.61%	18.19%	-1.58%	-8.68%
RIZAL COMM'L BANKING CORP	29.69%	32.52%	-2.83%	-8.70%
OPTIMUM DEVELOPMENT BANK INC	21.28%	23.89%	-2.62%	-10.96%
FARMERS SAVINGS & LOAN BANK INC	82.08%	93.29%	-11.22%	-12.02%
PHIL BANK OF COMMUNICATIONS	86.85%	103.79%	-16.95%	-16.33%
TONGYANG SAVINGS BANK INC	61.67%	73.96%	-12.29%	-16.62%
LEMERY SAVINGS & LOAN BANK, INC.	15.35%	18.51%	-3.15%	-17.05%
WEALTH DEVELOPMENT BANK CORPORATION	92.50%	113.34%	-20.84%	-18.39%
ISLA BANK(A THRIFT BANK) INC	2.03%	2.50%	-0.47%	-18.95%
LEGAZPI SAVINGS BANK INC	957.53%	1184.65%	-227.12%	-19.17%
HSBC SAVINGS BANK(PHILS) INC	12.08%	15.01%	-2.93%	-19.53%
CITIBANK, N.A.	96.92%	124.99%	-28.06%	-22.45%
HONGKONG & SHANGHAI BANKING CORP	23.55%	31.51%	-7.96%	-25.26%
THE PALAWAN BANK (PALAWAN DB) INC	65.25%	96.09%	-30.84%	-32.09%
NORTHPOINT DEV'T BANK INC	28.35%	42.18%	-13.83%	-32.79%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	100.46%	156.81%	-56.35%	-35.93%
TOWER DEVELOPMENT BANK	33.62%	54.62%	-21.00%	-38.44%
ANZ BANKING GROUP LTD	16.39%	30.87%	-14.48%	-46.91%
MIZUHO BANK LTD - MANILA BRANCH	9.28%	17.82%	-8.54%	-47.93%
UNITED OVERSEAS BANK PHILIPPINES	6.25%	15.99%	-9.74%	-60.91%
COMSAVINGS BANK	14272.55%	62307.53%	-48034.98%	-77.09%
BATAAN SAVINGS AND LOAN BANK	3.18%	14.56%	-11.38%	-78.16%
BDO ELITE SAVINGS BANK INC	NA	5.44%	NA	NA
BPI GLOBE BANKO INC A SAVINGS BANK	NA	172.77%	NA	NA
MBANK PHILIPPINES (A THRIFT BANK) INC	NA	75.35%	NA	NA
MICROFINANCE MAXIMUM SB INC	NA	70.46%	NA	NA
PACIFIC ACE SAVINGS BANK INC	NA	7.85%	NA	NA
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.22%	NA	NA	NA
Grand Total	49.71%	48.55%	1.15%	2.37%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2015 to September 30, 2015
In Php
		September 30, 2015				June 30, 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	1,394,627,167.58	9,771,392.48	14272.55%		1,395,855,518.29	2,240,267.62	62307.53%		-1,228,350.71	7,531,124.86	-48034.98%		-0.09%	336.17%	-77.09%
LEGAZPI SAVINGS BANK INC	912,030,912.25	95,248,137.03	957.53%		981,673,678.27	82,866,013.74	1184.65%		-69,642,766.02	12,382,123.29	-227.12%		-7.09%	14.94%	-19.17%
VILLAGE BANK INC (A THRIFT BANK)	586,691,256.96	90,972,478.08	644.91%		598,171,732.55	90,972,478.08	657.53%		-11,480,475.59	0.00	-12.62%		-1.92%	0.00%	-1.92%
SECURITY BANK SAVINGS CORPORATION	8,792,570,281.33	1,588,413,414.97	553.54%		1,567,267,759.24	1,592,166,669.95	98.44%		7,225,302,522.09	-3,753,254.98	455.11%		461.01%	-0.24%	462.34%
BANK OF CHINA LIMITED-MANILA BRANCH	9,312,937,790.59	2,626,382,043.46	354.59%		8,623,430,326.91	2,619,081,341.71	329.25%		689,507,463.68	7,300,701.75	25.34%		8.00%	0.28%	7.70%
UNITED COCONUT PLANTERS BANK	39,563,238,744.27	12,168,057,585.31	325.14%		39,465,874,493.66	11,995,589,253.49	329.00%		97,364,250.61	172,468,331.82	-3.86%		0.25%	1.44%	-1.17%
INTER-ASIA DEVELOPMENT BANK	174,622,646.57	59,982,020.81	291.12%		173,897,004.78	59,530,076.96	292.12%		725,641.79	451,943.85	-0.99%		0.42%	0.76%	-0.34%
PLANTERS DEVELOPMENT BANK	7,531,812,686.66	3,402,432,371.19	221.37%		7,300,295,759.09	3,121,654,788.94	233.86%		231,516,927.57	280,777,582.25	-12.49%		3.17%	8.99%	-5.34%
LUZON DEVELOPMENT BANK	930,703,790.74	621,783,393.75	149.68%		859,522,981.91	622,327,149.42	138.11%		71,180,808.83	-543,755.67	11.57%		8.28%	-0.09%	8.38%
BANK OF COMMERCE	27,286,938,682.14	18,323,297,925.40	148.92%		27,166,309,377.27	18,366,413,415.04	147.91%		120,629,304.87	-43,115,489.64	1.01%		0.44%	-0.23%	0.68%
DEUTSCHE BANK AG	3,237,159,085.00	2,372,844,463.03	136.43%		2,176,131,235.29	2,230,010,344.14	97.58%		1,061,027,849.71	142,834,118.89	38.84%		48.76%	6.41%	39.80%
BATAAN DEVELOPMENT BANK	113,975,610.50	85,905,802.10	132.68%		114,059,680.82	83,963,243.46	135.84%		-84,070.32	1,942,558.64	-3.17%		-0.07%	2.31%	-2.33%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,666,559,023.83	1,258,362,603.04	132.44%		1,654,779,198.59	1,288,382,583.68	128.44%		11,779,825.24	-30,019,980.64	4.00%		0.71%	-2.33%	3.11%
ENTERPRISE BANK INC (A THRIFT BANK)	391,142,209.48	296,449,412.77	131.94%		376,851,922.08	296,449,412.77	127.12%		14,290,287.40	0.00	4.82%		3.79%	0.00%	3.79%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	3,002,146,809.88	2,290,748,378.91	131.06%		1,817,920,762.71	2,164,732,567.10	83.98%		1,184,226,047.17	126,015,811.81	47.08%		65.14%	5.82%	56.06%
CHINA BANK SAVINGS INC	3,754,455,631.02	2,930,439,126.68	128.12%		3,694,689,929.71	2,859,496,917.45	129.21%		59,765,701.31	70,942,209.23	-1.09%		1.62%	2.48%	-0.84%
DUMAGUETE CITY DEV BANK INC	291,929,493.67	255,852,431.72	114.10%		202,768,726.22	253,368,451.94	80.03%		89,160,767.45	2,483,979.78	34.07%		43.97%	0.98%	42.57%
WORLD PARTNERS BANK (A THRIFT BANK)	189,668,519.40	166,585,861.61	113.86%		180,534,627.39	175,928,737.52	102.62%		9,133,892.01	-9,342,875.91	11.24%		5.06%	-5.31%	10.95%
UCPB SAVINGS BANK	2,855,304,853.03	2,535,105,369.48	112.63%		2,899,128,893.69	2,529,027,328.77	114.63%		-43,824,040.66	6,078,040.71	-2.00%		-1.51%	0.24%	-1.75%
EQUICOM SAVINGS BANK INC	847,402,866.84	805,544,567.59	105.20%		821,344,190.47	806,087,664.61	101.89%		26,058,676.37	-543,097.02	3.30%		3.17%	-0.07%	3.24%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	118,397,407.67	117,849,958.64	100.46%		167,277,415.03	106,675,037.63	156.81%		-48,880,007.36	11,174,921.01	-56.35%		-29.22%	10.48%	-35.93%
CITIBANK, N.A.	18,211,358,068.66	18,789,435,269.76	96.92%		23,494,091,592.35	18,797,218,924.82	124.99%		-5,282,733,523.69	-7,783,655.06	-28.06%		-22.49%	-0.04%	-22.45%
WEALTH DEVELOPMENT BANK CORPORATION	433,527,529.68	468,671,548.58	92.50%		531,213,336.53	468,671,548.58	113.34%		-97,685,806.85	0.00	-20.84%		-18.39%	0.00%	-18.39%
PRODUCERS SAVINGS BANK CORPORATION	1,326,953,829.23	1,465,017,507.61	90.58%		949,922,668.38	1,420,244,277.59	66.88%		377,031,160.85	44,773,230.02	23.69%		39.69%	3.15%	35.42%
PHIL BANK OF COMMUNICATIONS	8,136,578,941.58	9,368,981,860.26	86.85%		8,081,588,308.91	7,786,212,378.76	103.79%		54,990,632.67	1,582,769,481.50	-16.95%		0.68%	20.33%	-16.33%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,474,200,398.43	2,995,499,703.55	82.60%		2,484,783,857.65	2,920,393,423.02	85.08%		-10,583,459.22	75,106,280.53	-2.49%		-0.43%	2.57%	-2.92%
STANDARD CHARTERED BANK	6,701,832,599.27	8,129,787,326.54	82.44%		4,838,558,443.23	8,014,417,534.50	60.37%		1,863,274,156.04	115,369,792.04	22.06%		38.51%	1.44%	36.54%
FARMERS SAVINGS & LOAN BANK INC	109,500,523.29	133,414,326.27	82.08%		124,455,874.69	133,403,780.85	93.29%		-14,955,351.40	10,545.42	-11.22%		-12.02%	0.01%	-12.02%
PHIL POSTAL SAVINGS BANK INC	982,225,633.00	1,222,732,902.71	80.33%		904,160,039.53	1,370,139,087.55	65.99%		78,065,593.47	-147,406,184.84	14.34%		8.63%	-10.76%	21.73%
PHIL SAVINGS BANK	16,336,858,181.63	20,585,524,164.89	79.36%		15,670,424,624.52	20,605,887,611.01	76.05%		666,433,557.11	-20,363,446.12	3.31%		4.25%	-0.10%	4.36%
PHILIPPINE VETERANS BANK	5,907,656,189.99	7,504,813,416.35	78.72%		6,093,240,087.11	7,477,160,035.71	81.49%		-185,583,897.12	27,653,380.64	-2.77%		-3.05%	0.37%	-3.40%
RCBC SAVINGS BANK INC	7,869,792,162.25	10,203,153,646.01	77.13%		8,022,930,273.79	10,023,153,646.01	80.04%		-153,138,111.54	180,000,000.00	-2.91%		-1.91%	1.80%	-3.64%
BANK OF MAKATI (A SAVINGS BANK) INC	5,292,667,031.14	7,119,281,814.59	74.34%		5,504,089,568.91	7,058,242,856.43	77.98%		-211,422,537.77	61,038,958.16	-3.64%		-3.84%	0.86%	-4.67%
PHIL STAR DEVELOPMENT BANK INC	56,987,238.58	81,537,914.22	69.89%		49,311,650.26	81,537,914.22	60.48%		7,675,588.32	0.00	9.41%		15.57%	0.00%	15.57%
METRO CEBU PUBLIC SAVINGS BANK	46,717,192.90	70,092,561.44	66.65%		42,384,986.68	70,072,367.23	60.49%		4,332,206.22	20,194.21	6.16%		10.22%	0.03%	10.19%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	256,740,479.88	390,025,434.32	65.83%		249,375,306.72	378,869,973.92	65.82%		7,365,173.16	11,155,460.40	0.01%		2.95%	2.94%	0.01%
UNION BANK OF THE PHILS	39,401,355,093.22	59,975,943,349.83	65.70%		42,359,989,075.29	60,105,595,265.71	70.48%		-2,958,633,982.07	-129,651,915.88	-4.78%		-6.98%	-0.22%	-6.78%
THE PALAWAN BANK (PALAWAN DB) INC	30,451,113.27	46,667,234.58	65.25%		43,612,345.44	45,386,010.03	96.09%		-13,161,232.17	1,281,224.55	-30.84%		-30.18%	2.82%	-32.09%
EAST WEST BANKING CORP	19,964,130,375.11	32,352,918,702.23	61.71%		18,519,688,190.05	32,163,653,929.38	57.58%		1,444,442,185.06	189,264,772.85	4.13%		7.80%	0.59%	7.17%
TONGYANG SAVINGS BANK INC	300,163,257.92	486,763,080.03	61.67%		352,108,223.87	476,086,440.00	73.96%		-51,944,965.95	10,676,640.03	-12.29%		-14.75%	2.24%	-16.62%
BDO PRIVATE BANK, INC.	3,463,143,928.70	5,695,275,746.03	60.81%		811,996,123.31	5,546,350,734.13	14.64%		2,651,147,805.39	148,925,011.90	46.17%		326.50%	2.69%	315.35%
PHIL NATIONAL BANK	62,145,010,385.51	104,784,019,647.27	59.31%		67,036,146,618.46	104,380,106,561.91	64.22%		-4,891,136,232.95	403,913,085.36	-4.92%		-7.30%	0.39%	-7.65%
BDO UNIBANK INC	109,560,305,711.08	203,026,313,286.08	53.96%		100,105,342,380.06	199,883,391,911.23	50.08%		9,454,963,331.02	3,142,921,374.85	3.88%		9.45%	1.57%	7.75%
CITYSTATE SAVINGS BANK INC	314,015,250.53	588,204,412.38	53.39%		298,492,906.75	722,171,689.45	41.33%		15,522,343.78	-133,967,277.07	12.05%		5.20%	-18.55%	29.16%
MARITIME SAVINGS BANK CORPORATION	37,330,608.97	70,225,528.64	53.16%		37,827,846.30	70,225,528.64	53.87%		-497,237.33	0.00	-0.71%		-1.31%	0.00%	-1.31%
CITY SAVINGS BANK INC	3,676,167,681.38	7,012,062,793.29	52.43%		1,928,143,781.27	6,796,523,254.50	28.37%		1,748,023,900.11	215,539,538.79	24.06%		90.66%	3.17%	84.80%
MAYBANK PHILIPPINES INC	6,460,729,396.47	12,341,662,616.58	52.35%		5,429,402,477.00	12,388,031,044.94	43.83%		1,031,326,919.47	-46,368,428.36	8.52%		19.00%	-0.37%	19.44%
LIFE SAVINGS BANK INC	30,570,224.43	62,421,172.56	48.97%		30,090,974.50	62,221,172.56	48.36%		479,249.93	200,000.00	0.61%		1.59%	0.32%	1.27%
1ST VALLEY BANK INC A DEVELOPMENT BANK	663,281,441.67	1,392,982,151.62	47.62%		661,050,089.54	1,364,348,702.06	48.45%		2,231,352.13	28,633,449.56	-0.84%		0.34%	2.10%	-1.72%
BPI FAMILY SAVINGS BANK INC	13,102,999,255.46	28,065,488,922.04	46.69%		12,237,991,946.11	27,378,210,495.82	44.70%		865,007,309.35	687,278,426.22	1.99%		7.07%	2.51%	4.45%
UNIVERSITY SAVINGS BANK INC	121,627,077.05	270,380,528.62	44.98%		116,018,266.84	270,314,365.70	42.92%		5,608,810.21	66,162.92	2.06%		4.83%	0.02%	4.81%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	51,233,729.66	117,437,445.75	43.63%		54,047,243.58	117,659,453.88	45.94%		-2,813,513.92	-222,008.13	-2.31%		-5.21%	-0.19%	-5.03%
DEVELOPMENT BANK OF THE PHIL	17,586,356,373.85	40,436,334,044.11	43.49%		17,943,887,822.59	40,603,281,111.80	44.19%		-357,531,448.74	-166,947,067.69	-0.70%		-1.99%	-0.41%	-1.59%
KOREA EXCHANGE BANK	547,213,422.73	1,261,707,874.24	43.37%		553,520,855.91	1,268,356,002.32	43.64%		-6,307,433.18	-6,648,128.08	-0.27%		-1.14%	-0.52%	-0.62%
MEGA INT'L COMM'L BANK CO LTD	862,603,009.09	2,051,701,468.93	42.04%		865,012,611.55	2,054,523,268.94	42.10%		-2,409,602.46	-2,821,800.01	-0.06%		-0.28%	-0.14%	-0.14%
ASIA UNITED BANK CORPORATION	9,223,994,989.97	22,855,041,163.68	40.36%		9,859,862,772.31	22,782,127,503.84	43.28%		-635,867,782.34	72,913,659.84	-2.92%		-6.45%	0.32%	-6.75%
BANK ONE SAVINGS AND TRUST CORP.	222,105,782.76	565,963,820.50	39.24%		223,173,128.06	565,463,820.50	39.47%		-1,067,345.30	500,000.00	-0.22%		-0.48%	0.09%	-0.57%
PAMPANGA DEVELOPMENT BANK	57,420,693.04	149,746,531.58	38.35%		57,572,256.47	146,754,031.58	39.23%		-151,563.43	2,992,500.00	-0.89%		-0.26%	2.04%	-2.26%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	3,182,774,303.76	8,394,739,961.91	37.91%		3,084,652,030.82	9,516,588,637.10	32.41%		98,122,272.94	-1,121,848,675.19	5.50%		3.18%	-11.79%	16.97%
METROPOLITAN BANK & TCO	64,528,480,043.48	181,134,120,112.92	35.62%		54,557,857,576.59	181,562,443,049.28	30.05%		9,970,622,466.89	-428,322,936.36	5.58%		18.28%	-0.24%	18.56%
CHINA BANKING CORP	20,174,001,620.49	56,728,225,006.75	35.56%		18,284,644,389.66	58,181,808,616.92	31.43%		1,889,357,230.83	-1,453,583,610.17	4.14%		10.33%	-2.50%	13.16%
FIRST CONSOLIDATED BANK INC (A PDB)	1,195,337,259.92	3,439,980,028.60	34.75%		1,115,872,282.19	3,383,990,048.60	32.98%		79,464,977.73	55,989,980.00	1.77%		7.12%	1.65%	5.38%
CORDILLERA SAVINGS BANK INC	42,502,392.68	122,715,955.56	34.63%		40,681,888.99	121,877,136.79	33.38%		1,820,503.69	838,818.77	1.26%		4.47%	0.69%	3.76%
ROBINSONS BANK CORPORATION	2,408,270,999.08	7,102,390,426.44	33.91%		2,332,270,369.76	7,081,771,698.12	32.93%		76,000,629.32	20,618,728.32	0.97%		3.26%	0.29%	2.96%
LAND BANK OF THE PHILIPPINES	22,606,849,676.27	66,881,744,896.42	33.80%		23,775,559,316.12	66,896,197,461.07	35.54%		-1,168,709,639.85	-14,452,564.65	-1.74%		-4.92%	-0.02%	-4.90%
TOWER DEVELOPMENT BANK	41,746,729.87	124,163,606.76	33.62%		67,751,894.20	124,046,667.26	54.62%		-26,005,164.33	116,939.50	-21.00%		-38.38%	0.09%	-38.44%
SAMPAGUITA SAVINGS BANK INC	25,508,683.88	77,002,857.45	33.13%		21,066,779.02	76,581,262.32	27.51%		4,441,904.86	421,595.13	5.62%		21.08%	0.55%	20.42%
RIZAL COMM'L BANKING CORP	16,895,227,377.69	56,898,889,169.81	29.69%		18,775,553,851.25	57,732,146,877.99	32.52%		-1,880,326,473.56	-833,257,708.18	-2.83%		-10.01%	-1.44%	-8.70%
SECURITY BANK CORP	14,150,968,994.17	49,458,131,546.94	28.61%		13,970,612,002.68	49,389,278,249.71	28.29%		180,356,991.49	68,853,297.23	0.33%		1.29%	0.14%	1.15%
NORTHPOINT DEV'T BANK INC	109,562,568.71	386,507,164.00	28.35%		105,988,293.87	251,298,756.24	42.18%		3,574,274.84	135,208,407.76	-13.83%		3.37%	53.80%	-32.79%
QUEZON COCONUT BANK INC (A THRIFT BANK)	15,183,289.12	59,196,234.01	25.65%		15,836,975.39	58,656,086.31	27.00%		-653,686.27	540,147.70	-1.35%		-4.13%	0.92%	-5.00%
PHIL TRUST COMPANY	5,055,047,219.30	21,001,686,271.14	24.07%		5,168,600,163.70	20,980,243,006.60	24.64%		-113,552,944.40	21,443,264.54	-0.57%		-2.20%	0.10%	-2.30%
HONGKONG & SHANGHAI BANKING CORP	3,288,008,479.12	13,963,886,205.38	23.55%		4,431,325,534.33	14,065,039,784.56	31.51%		-1,143,317,055.21	-101,153,579.18	-7.96%		-25.80%	-0.72%	-25.26%
BANK OF THE PHIL ISLANDS	34,930,378,843.25	152,522,913,744.36	22.90%		34,840,393,189.90	152,422,583,591.94	22.86%		89,985,653.35	100,330,152.42	0.04%		0.26%	0.07%	0.19%
CARD SME BANK INC A THRIFT BANK	110,346,616.79	490,149,365.03	22.51%		104,949,295.45	500,476,537.34	20.97%		5,397,321.34	-10,327,172.31	1.54%		5.14%	-2.06%	7.36%
OPTIMUM DEVELOPMENT BANK INC	170,390,865.67	800,883,455.83	21.28%		191,888,223.29	803,058,169.62	23.89%		-21,497,357.62	-2,174,713.79	-2.62%		-11.20%	-0.27%	-10.96%
BPI DIRECT SAVINGS BANK INC	311,239,463.47	1,478,391,202.54	21.05%		294,748,605.59	1,460,022,716.53	20.19%		16,490,857.88	18,368,486.01	0.86%		5.59%	1.26%	4.28%
BUSINESS AND CONSUMERS BANK (A DB)	18,381,420.26	91,747,320.51	20.03%		19,140,999.32	91,876,883.87	20.83%		-759,579.06	-129,563.36	-0.80%		-3.97%	-0.14%	-3.83%
JP MORGAN CHASE BANK NATIONAL ASSN.	238,050,116.60	1,407,957,700.00	16.91%		173,417,277.55	1,407,949,450.00	12.32%		64,632,839.05	8,250.00	4.59%		37.27%	0.00%	37.27%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	113,691,679.13	684,504,857.57	16.61%		124,500,200.90	684,504,870.57	18.19%		-10,808,521.77	-13.00	-1.58%		-8.68%	0.00%	-8.68%
CTBC BANK (PHILIPPINES) CORP	1,154,355,984.90	6,980,131,005.73	16.54%		1,243,119,861.58	6,985,558,114.79	17.80%		-88,763,876.68	-5,427,109.06	-1.26%		-7.14%	-0.08%	-7.07%
ANZ BANKING GROUP LTD	742,675,681.94	4,531,740,144.08	16.39%		1,386,775,823.40	4,492,337,887.43	30.87%		-644,100,141.46	39,402,256.65	-14.48%		-46.45%	0.88%	-46.91%
LEMERY SAVINGS & LOAN BANK, INC.	10,939,040.67	71,262,351.33	15.35%		13,187,108.77	71,262,351.33	18.51%		-2,248,068.10	0.00	-3.15%		-17.05%	0.00%	-17.05%
ING BANK N.V.	385,959,323.21	2,599,413,228.87	14.85%		318,371,744.63	2,608,418,539.09	12.21%		67,587,578.58	-9,005,310.22	2.64%		21.23%	-0.35%	21.65%
HIYAS BANKING CORPORATION	26,016,358.11	177,908,515.86	14.62%		25,287,043.86	172,565,574.63	14.65%		729,314.25	5,342,941.23	-0.03%		2.88%	3.10%	-0.21%
SUN SAVINGS BANK INC	17,061,758.29	133,753,619.60	12.76%		16,774,003.43	133,183,985.62	12.59%		287,754.86	569,633.98	0.16%		1.72%	0.43%	1.28%
HSBC SAVINGS BANK(PHILS) INC	216,738,110.16	1,794,263,113.12	12.08%		270,108,753.44	1,799,284,936.58	15.01%		-53,370,643.28	-5,021,823.46	-2.93%		-19.76%	-0.28%	-19.53%
MALASIQUI PROGRESSIVE SLB, INC	7,483,768.83	62,275,078.45	12.02%		7,665,817.22	61,007,484.57	12.57%		-182,048.39	1,267,593.88	-0.55%		-2.37%	2.08%	-4.36%
CENTURY SAVINGS BANK CORPORATION	110,002,006.56	925,073,723.73	11.89%		118,571,702.01	925,073,723.73	12.82%		-8,569,695.45	0.00	-0.93%		-7.23%	0.00%	-7.23%
MIZUHO BANK LTD - MANILA BRANCH	281,192,003.84	3,029,980,661.97	9.28%		539,982,090.99	3,029,979,495.38	17.82%		-258,790,087.15	1,166.59	-8.54%		-47.93%	0.00%	-47.93%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	33,086,901.48	376,835,401.08	8.78%		23,232,078.73	376,567,772.28	6.17%		9,854,822.75	267,628.80	2.61%		42.42%	0.07%	42.32%
PNB SAVINGS BANK	833,141,744.04	11,389,259,551.99	7.32%		779,975,957.81	11,293,890,527.98	6.91%		53,165,786.23	95,369,024.01	0.41%		6.82%	0.84%	5.92%
MERCHANTS SAVINGS & LOAN ASSN INC	26,741,344.08	423,480,302.26	6.31%		27,738,687.16	420,845,497.55	6.59%		-997,343.08	2,634,804.71	-0.28%		-3.60%	0.63%	-4.20%
UNITED OVERSEAS BANK PHILIPPINES	75,216,778.42	1,203,021,283.69	6.25%		215,965,611.00	1,350,309,506.94	15.99%		-140,748,832.58	-147,288,223.25	-9.74%		-65.17%	-10.91%	-60.91%
BATAAN SAVINGS AND LOAN BANK	1,909,775.90	60,066,683.27	3.18%		9,360,212.24	64,296,764.51	14.56%		-7,450,436.34	-4,230,081.24	-11.38%		-79.60%	-6.58%	-78.16%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	136,187,317.43	4,967,420,166.75	2.74%		87,112,232.93	4,962,920,166.75	1.76%		49,075,084.50	4,500,000.00	0.99%		56.34%	0.09%	56.19%
BANGKOK BANK PUBLIC CO LTD	81,557,563.15	3,352,385,987.00	2.43%		80,856,340.02	3,330,150,962.00	2.43%		701,223.13	22,235,025.00	0.00%		0.87%	0.67%	0.20%
ISLA BANK(A THRIFT BANK) INC	13,319,376.93	656,964,240.35	2.03%		16,433,036.54	656,964,240.35	2.50%		-3,113,659.61	0.00	-0.47%		-18.95%	0.00%	-18.95%
PROGRESS SAVINGS AND LOAN BANK INC	1,643,315.94	83,800,532.48	1.96%		1,740,633.57	83,818,365.19	2.08%		-97,317.63	-17,832.71	-0.12%		-5.59%	-0.02%	-5.57%
BANK OF AMERICA N.A.	35,414,711.82	2,123,761,205.20	1.67%		19,924,036.20	2,120,761,205.20	0.94%		15,490,675.62	3,000,000.00	0.73%		77.75%	0.14%	77.50%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	28,020,425.55	13,003,849,252.82	0.22%		NA	NA	NA		NA	NA	NA		NA	NA	NA
BDO ELITE SAVINGS BANK INC	NA	NA	NA		86,151,421.70	1,583,649,281.18	5.44%		NA	NA	NA		NA	NA	NA
BPI GLOBE BANKO INC A SAVINGS BANK	NA	NA	NA		559,892,291.01	324,058,932.60	172.77%		NA	NA	NA		NA	NA	NA
MBANK PHILIPPINES (A THRIFT BANK) INC	NA	NA	NA		96,011,983.26	127,422,890.89	75.35%		NA	NA	NA		NA	NA	NA
MICROFINANCE MAXIMUM SB INC	NA	NA	NA		33,066,852.26	46,929,080.19	70.46%		NA	NA	NA		NA	NA	NA
PACIFIC ACE SAVINGS BANK INC	NA	NA	NA		6,477,945.96	82,490,977.38	7.85%		NA	NA	NA		NA	NA	NA
Grand Total	668,750,732,204.75	1,345,435,832,795.28	49.71%		646,284,388,178.78	1,331,039,559,226.02	48.55%		23,219,924,094.61	3,556,975,478.68	1.15%		3.59%	0.27%	2.37%

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 September 30, 2015 and June 30, 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.