An 80% Minimum NPL Coverage Ratio will Result in a Severe Undercapitalization of Some Philippine Banks - September 30, 2015

In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of September 30, 2015", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 2.54% as of September 30, 2015, is below the historic average of 4.27% for the last thirty years.  Despite NPLs being at or near historic lows, some banks still have not adequately provisioned for loan losses.  Their NPL Coverage Ratios are below the ideal ratio of 100% and even below the suggested minimum of 80% NPL Coverage Ratio.

As the table below suggests, it seems that around 45 banks (highlighted in yellow) fall into this deficiency.

Philippine Banking System
NPL Coverage Ratio
September 30, 2015
Bank	Loan Loss Provisions	Gross NPLs	NPL Coverage Ratio
COMSAVINGS BANK	19,724,008.81	123,221,089.07	16.01%
LUZON DEVELOPMENT BANK	103,174,932.20	547,582,729.01	18.84%
METRO CEBU PUBLIC SAVINGS BANK	7,137,668.31	36,582,151.60	19.51%
LIFE SAVINGS BANK INC	2,975,321.67	14,488,972.29	20.54%
PROGRESS SAVINGS AND LOAN BANK INC	266,442.26	1,138,302.67	23.41%
PHIL STAR DEVELOPMENT BANK INC	6,090,315.48	22,292,920.67	27.32%
MARITIME SAVINGS BANK CORPORATION	6,948,645.24	23,490,621.98	29.58%
BATAAN DEVELOPMENT BANK	17,744,276.66	59,198,855.12	29.97%
PRODUCERS SAVINGS BANK CORPORATION	141,599,028.47	409,412,710.10	34.59%
CENTURY SAVINGS BANK CORPORATION	13,586,035.87	38,199,697.52	35.57%
ENTERPRISE BANK INC (A THRIFT BANK)	55,353,813.66	151,905,771.23	36.44%
DUMAGUETE CITY DEV BANK INC	19,017,836.90	50,832,744.75	37.41%
WEALTH DEVELOPMENT BANK CORPORATION	64,891,455.82	163,904,699.21	39.59%
1ST VALLEY BANK INC A DEVELOPMENT BANK	209,123,972.22	516,903,491.44	40.46%
BANK ONE SAVINGS AND TRUST CORP.	10,033,602.53	24,537,234.83	40.89%
PLANTERS DEVELOPMENT BANK	1,212,072,493.94	2,931,765,964.32	41.34%
MALAYAN BANK SAVINGS AND MORT BANK INC	271,979,568.48	627,005,388.40	43.38%
EQUICOM SAVINGS BANK INC	232,610,728.38	506,534,201.57	45.92%
CITYSTATE SAVINGS BANK INC	32,502,296.85	70,501,723.90	46.10%
CHINA BANK SAVINGS INC	535,708,305.28	1,154,621,429.72	46.40%
PHIL POSTAL SAVINGS BANK INC	271,113,891.23	575,053,871.77	47.15%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	20,783,004.84	43,374,617.22	47.92%
PAMPANGA DEVELOPMENT BANK	25,799,591.55	52,287,742.08	49.34%
BANK OF MAKATI (A SAVINGS BANK) INC	1,331,927,928.99	2,610,781,336.75	51.02%
BUSINESS AND CONSUMERS BANK (A DB)	6,959,794.89	13,402,460.67	51.93%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	19,171,204.16	35,261,953.02	54.37%
FARMERS SAVINGS & LOAN BANK INC	30,963,327.59	56,725,095.20	54.58%
LEGAZPI SAVINGS BANK INC	239,844,089.48	435,027,850.38	55.13%
LEMERY SAVINGS & LOAN BANK, INC.	2,348,978.31	4,085,048.65	57.50%
EAST WEST BANKING CORP	3,635,966,364.87	6,229,695,832.19	58.37%
MAYBANK PHILIPPINES INC	1,166,956,926.30	1,971,160,477.66	59.20%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	81,533,577.71	130,578,749.00	62.44%
PNB SAVINGS BANK	318,440,366.95	488,504,491.73	65.19%
QUEZON COCONUT BANK INC (A THRIFT BANK)	758,020.98	1,148,628.17	65.99%
RCBC SAVINGS BANK INC	1,936,509,048.17	2,908,210,627.05	66.59%
UNITED COCONUT PLANTERS BANK	4,373,506,523.33	6,447,845,038.40	67.83%
STANDARD CHARTERED BANK	1,722,730,702.99	2,492,811,180.57	69.11%
NORTHPOINT DEV'T BANK INC	54,867,518.07	79,166,642.81	69.31%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	3,063,693.47	4,396,068.42	69.69%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	686,929,792.19	976,564,395.96	70.34%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	460,431,791.62	649,050,437.74	70.94%
VILLAGE BANK INC (A THRIFT BANK)	17,342,200.42	23,897,018.49	72.57%
TOWER DEVELOPMENT BANK	7,365,458.10	9,948,254.32	74.04%
PHILIPPINE VETERANS BANK	1,223,573,269.52	1,621,177,515.52	75.47%
CORDILLERA SAVINGS BANK INC	11,630,893.78	14,750,568.06	78.85%
DEVELOPMENT BANK OF THE PHIL	5,913,006,954.91	7,162,998,139.78	82.55%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	906,299,293.89	1,095,049,581.59	82.76%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	24,932,571.32	29,677,067.48	84.01%
SAMPAGUITA SAVINGS BANK INC	17,591,087.34	20,300,554.29	86.65%
PHIL BANK OF COMMUNICATIONS	1,745,123,768.54	1,975,747,874.57	88.33%
CITY SAVINGS BANK INC	966,992,772.04	1,090,551,327.73	88.67%
FIRST CONSOLIDATED BANK INC (A PDB)	613,940,204.18	678,188,791.54	90.53%
WORLD PARTNERS BANK (A THRIFT BANK)	74,239,747.31	81,566,096.66	91.02%
ROBINSONS BANK CORPORATION	606,694,285.18	658,926,680.81	92.07%
TONGYANG SAVINGS BANK INC	99,568,567.62	107,006,408.12	93.05%
SUN SAVINGS BANK INC	10,688,646.43	11,325,615.40	94.38%
PHIL SAVINGS BANK	4,114,745,761.10	4,253,951,632.82	96.73%
ASIA UNITED BANK CORPORATION	1,487,241,480.88	1,500,504,328.44	99.12%
MALASIQUI PROGRESSIVE SLB, INC	7,184,596.38	7,205,779.25	99.71%
SECURITY BANK SAVINGS CORPORATION	512,972,159.05	512,338,894.46	100.12%
THE PALAWAN BANK (PALAWAN DB) INC	16,155,885.44	15,935,525.38	101.38%
HIYAS BANKING CORPORATION	12,173,008.16	11,812,182.29	103.05%
BATAAN SAVINGS AND LOAN BANK	1,595,044.62	1,534,482.05	103.95%
UCPB SAVINGS BANK	565,740,984.99	542,390,954.01	104.31%
UNION BANK OF THE PHILS	10,101,073,176.26	9,629,958,552.57	104.89%
BPI FAMILY SAVINGS BANK INC	5,929,346,911.59	5,464,275,910.37	108.51%
HONGKONG & SHANGHAI BANKING CORP	1,103,148,842.02	1,010,877,458.73	109.13%
INTER-ASIA DEVELOPMENT BANK	7,257,850.85	6,599,419.63	109.98%
BPI DIRECT SAVINGS BANK INC	217,882,728.92	185,981,696.75	117.15%
CHINA BANKING CORP	6,755,662,357.02	5,686,188,810.45	118.81%
PHIL NATIONAL BANK	11,274,771,881.96	9,306,235,006.50	121.15%
UNITED OVERSEAS BANK PHILIPPINES	30,893,195.11	24,488,469.53	126.15%
CTBC BANK (PHILIPPINES) CORP	450,802,037.31	352,143,947.69	128.02%
OPTIMUM DEVELOPMENT BANK INC	42,386,660.52	32,049,573.03	132.25%
CARD SME BANK INC A THRIFT BANK	56,654,266.77	39,802,023.40	142.34%
MERCHANTS SAVINGS & LOAN ASSN INC	14,126,852.98	9,864,304.54	143.21%
BANK OF THE PHIL ISLANDS	12,682,333,176.84	8,764,642,869.60	144.70%
BANK OF CHINA LIMITED-MANILA BRANCH	283,991,437.17	189,040,895.91	150.23%
BANK OF COMMERCE	2,739,127,069.89	1,804,743,357.72	151.77%
RIZAL COMM'L BANKING CORP	3,426,842,964.30	2,216,947,364.34	154.57%
LAND BANK OF THE PHILIPPINES	11,153,509,351.20	7,010,360,349.50	159.10%
UNIVERSITY SAVINGS BANK INC	41,976,227.15	25,861,287.75	162.31%
BDO UNIBANK INC	25,573,473,943.01	13,085,104,036.76	195.44%
HSBC SAVINGS BANK(PHILS) INC	105,278,030.61	53,597,643.69	196.42%
PHIL TRUST COMPANY	2,194,205,742.44	1,081,594,108.54	202.87%
SECURITY BANK CORP	3,382,741,965.56	1,590,295,266.39	212.71%
KOREA EXCHANGE BANK	61,707,874.24	23,550,187.96	262.03%
METROPOLITAN BANK & TCO	12,233,887,366.96	2,590,456,257.63	472.27%
CITIBANK, N.A.	5,629,587,778.64	804,821,801.62	699.48%
ANZ BANKING GROUP LTD	306,550,637.66	23,339,114.85	1313.46%
JP MORGAN CHASE BANK NATIONAL ASSN.	20,233,700.00	734,885.22	2753.31%
BANGKOK BANK PUBLIC CO LTD	257,104,310.00	4,662,165.64	5514.70%
ING BANK N.V.	99,413,228.87	95.48	104119426.97%
BANK OF AMERICA N.A.	27,700,000.00	4.00	692500000.00%
BDO PRIVATE BANK, INC.	180,861,211.90	0.00	NA
DEUTSCHE BANK AG	322,747,726.20	0.00	NA
ISLA BANK(A THRIFT BANK) INC	4,290,580.33	0.00	NA
MEGA INT'L COMM'L BANK CO LTD	230,593,001.26	0.00	NA
MIZUHO BANK LTD - MANILA BRANCH	329,980,661.97	0.00	NA
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	2,000,000.00	0.00	NA
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	388,210,030.46	0.00	NA
Grand Total	155,972,300,305.89	126,124,255,383.69	123.67%

Source: www.bsp.gov.ph

Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some banks that could eat into a substantial chunk (20% or more) of their Stockholder's Equity.  Based on the table below, around 9 banks will be severely affected:

Philippine Banking System
Impact on SE of Minimum Loan Loss Provisions
September 30, 2015
Bank	Gross NPLs	Minimum Loan Loss Provisions at 80% NPL Coverage Ratio	General Loan Loss Provision	Specific Allowance	Actual Loan Loss Provisions	Excess/Deficit Loan Loss Provisions	Stockholder's Equity	Impact on SE
COMSAVINGS BANK	123,221,089.07	98,576,871.26	2,124,886.63	17,599,122.18	19,724,008.81	-78,852,862.45	13,560,586.44	-581.49%
LUZON DEVELOPMENT BANK	547,582,729.01	438,066,183.21	27,638,728.69	75,536,203.51	103,174,932.20	-334,891,251.01	564,542,378.27	-59.32%
LEGAZPI SAVINGS BANK INC	435,027,850.38	348,022,280.30	13,418,730.05	226,425,359.43	239,844,089.48	-108,178,190.82	256,796,688.50	-42.13%
METRO CEBU PUBLIC SAVINGS BANK	36,582,151.60	29,265,721.28	306,603.98	6,831,064.33	7,137,668.31	-22,128,052.97	54,060,442.42	-40.93%
BATAAN DEVELOPMENT BANK	59,198,855.12	47,359,084.10	811,483.88	16,932,792.78	17,744,276.66	-29,614,807.44	78,385,234.48	-37.78%
PLANTERS DEVELOPMENT BANK	2,931,765,964.32	2,345,412,771.46	258,677,000.00	953,395,493.94	1,212,072,493.94	-1,133,340,277.52	3,420,157,260.19	-33.14%
EQUICOM SAVINGS BANK INC	506,534,201.57	405,227,361.26	35,906,607.94	196,704,120.44	232,610,728.38	-172,616,632.88	590,625,774.84	-29.23%
ENTERPRISE BANK INC (A THRIFT BANK)	151,905,771.23	121,524,616.98	12,682,220.77	42,671,592.89	55,353,813.66	-66,170,803.32	251,562,549.36	-26.30%
MALAYAN BANK SAVINGS AND MORT BANK INC	627,005,388.40	501,604,310.72	30,935,249.11	241,044,319.37	271,979,568.48	-229,624,742.24	972,410,751.13	-23.61%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	43,374,617.22	34,699,693.78	1,200,000.00	19,583,004.84	20,783,004.84	-13,916,688.94	74,365,586.16	-18.71%
MARITIME SAVINGS BANK CORPORATION	23,490,621.98	18,792,497.58	1,123,238.69	5,825,406.55	6,948,645.24	-11,843,852.34	63,664,351.66	-18.60%
PHIL POSTAL SAVINGS BANK INC	575,053,871.77	460,043,097.42	61,636,023.95	209,477,867.28	271,113,891.23	-188,929,206.19	1,039,321,281.92	-18.18%
CHINA BANK SAVINGS INC	1,154,621,429.72	923,697,143.78	175,031,887.86	360,676,417.42	535,708,305.28	-387,988,838.50	2,464,405,907.46	-15.74%
WEALTH DEVELOPMENT BANK CORPORATION	163,904,699.21	131,123,759.37	19,842,120.63	45,049,335.19	64,891,455.82	-66,232,303.55	422,479,800.69	-15.68%
1ST VALLEY BANK INC A DEVELOPMENT BANK	516,903,491.44	413,522,793.15	51,634,427.73	157,489,544.49	209,123,972.22	-204,398,820.93	1,305,096,383.02	-15.66%
PHIL STAR DEVELOPMENT BANK INC	22,292,920.67	17,834,336.54	463,928.82	5,626,386.66	6,090,315.48	-11,744,021.06	77,002,417.70	-15.25%
LIFE SAVINGS BANK INC	14,488,972.29	11,591,177.83	503,552.75	2,471,768.92	2,975,321.67	-8,615,856.16	62,405,948.69	-13.81%
PRODUCERS SAVINGS BANK CORPORATION	409,412,710.10	327,530,168.08	43,952,431.77	97,646,596.70	141,599,028.47	-185,931,139.61	1,404,326,416.88	-13.24%
FARMERS SAVINGS & LOAN BANK INC	56,725,095.20	45,380,076.16	2,527,382.28	28,435,945.31	30,963,327.59	-14,416,748.57	111,211,942.89	-12.96%
PAMPANGA DEVELOPMENT BANK	52,287,742.08	41,830,193.66	2,074,767.44	23,724,824.11	25,799,591.55	-16,030,602.11	127,184,127.38	-12.60%
BANK OF MAKATI (A SAVINGS BANK) INC	2,610,781,336.75	2,088,625,069.40	151,762,001.64	1,180,165,927.35	1,331,927,928.99	-756,697,140.41	6,064,909,554.79	-12.48%
DUMAGUETE CITY DEV BANK INC	50,832,744.75	40,666,195.80	3,665,047.39	15,352,789.51	19,017,836.90	-21,648,358.90	235,220,133.73	-9.20%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	130,578,749.00	104,462,999.20	14,802,324.00	66,731,253.71	81,533,577.71	-22,929,421.49	334,793,009.95	-6.85%
EAST WEST BANKING CORP	6,229,695,832.19	4,983,756,665.75	1,263,379,077.68	2,372,587,287.19	3,635,966,364.87	-1,347,790,300.88	29,591,441,555.29	-4.55%
RCBC SAVINGS BANK INC	2,908,210,627.05	2,326,568,501.64	429,885,716.32	1,506,623,331.85	1,936,509,048.17	-390,059,453.47	8,768,142,596.41	-4.45%
STANDARD CHARTERED BANK	2,492,811,180.57	1,994,248,944.46	288,185,600.33	1,434,545,102.66	1,722,730,702.99	-271,518,241.47	6,291,482,552.19	-4.32%
BUSINESS AND CONSUMERS BANK (A DB)	13,402,460.67	10,721,968.54	1,163,388.60	5,796,406.29	6,959,794.89	-3,762,173.65	88,135,917.46	-4.27%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	976,564,395.96	781,251,516.77	151,504,749.77	535,425,042.42	686,929,792.19	-94,321,724.58	2,277,387,324.45	-4.14%
CITYSTATE SAVINGS BANK INC	70,501,723.90	56,401,379.12	11,909,144.77	20,593,152.08	32,502,296.85	-23,899,082.27	621,271,687.28	-3.85%
UNITED COCONUT PLANTERS BANK	6,447,845,038.40	5,158,276,030.72	1,416,394,240.40	2,957,112,282.93	4,373,506,523.33	-784,769,507.39	20,719,936,917.67	-3.79%
MAYBANK PHILIPPINES INC	1,971,160,477.66	1,576,928,382.13	540,928,987.75	626,027,938.55	1,166,956,926.30	-409,971,455.83	11,445,474,847.22	-3.58%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	649,050,437.74	519,240,350.19	81,721,975.69	378,709,815.93	460,431,791.62	-58,808,558.57	1,880,470,429.77	-3.13%
NORTHPOINT DEV'T BANK INC	79,166,642.81	63,333,314.25	1,363,836.20	53,503,681.87	54,867,518.07	-8,465,796.18	316,715,308.96	-2.67%
VILLAGE BANK INC (A THRIFT BANK)	23,897,018.49	19,117,614.79	1,556,846.24	15,785,354.18	17,342,200.42	-1,775,414.37	75,352,054.63	-2.36%
CENTURY SAVINGS BANK CORPORATION	38,199,697.52	30,559,758.02	7,120,297.16	6,465,738.71	13,586,035.87	-16,973,722.15	941,554,649.38	-1.80%
BANK ONE SAVINGS AND TRUST CORP.	24,537,234.83	19,629,787.86	3,948,609.20	6,084,993.33	10,033,602.53	-9,596,185.33	566,933,601.50	-1.69%
PHILIPPINE VETERANS BANK	1,621,177,515.52	1,296,942,012.42	82,315,394.51	1,141,257,875.01	1,223,573,269.52	-73,368,742.90	5,031,273,069.26	-1.46%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	35,261,953.02	28,209,562.42	6,639,627.43	12,531,576.73	19,171,204.16	-9,038,358.26	658,049,932.15	-1.37%
LEMERY SAVINGS & LOAN BANK, INC.	4,085,048.65	3,268,038.92	537,336.58	1,811,641.73	2,348,978.31	-919,060.61	71,550,058.10	-1.28%
PROGRESS SAVINGS AND LOAN BANK INC	1,138,302.67	910,642.14	1,573.21	264,869.05	266,442.26	-644,199.88	81,694,056.22	-0.79%
PNB SAVINGS BANK	488,504,491.73	390,803,593.38	172,819,767.08	145,620,599.87	318,440,366.95	-72,363,226.43	11,165,902,707.95	-0.65%
TOWER DEVELOPMENT BANK	9,948,254.32	7,958,603.46	4,244,054.42	3,121,403.68	7,365,458.10	-593,145.36	119,927,191.61	-0.49%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,148,628.17	918,902.54	405,099.48	352,921.50	758,020.98	-160,881.56	59,630,414.69	-0.27%
CORDILLERA SAVINGS BANK INC	14,750,568.06	11,800,454.45	1,813,327.03	9,817,566.75	11,630,893.78	-169,560.67	119,152,907.31	-0.14%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4,396,068.42	3,516,854.74	1,641,242.55	1,422,450.92	3,063,693.47	-453,161.27	337,298,677.62	-0.13%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	0.00	2,000,000.00	0.00	2,000,000.00	2,000,000.00	12,889,445,917.27	0.02%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,095,049,581.59	876,039,665.27	364,800,000.00	541,499,293.89	906,299,293.89	30,259,628.62	8,415,407,468.55	0.36%
DEVELOPMENT BANK OF THE PHIL	7,162,998,139.78	5,730,398,511.82	1,652,947,335.80	4,260,059,619.11	5,913,006,954.91	182,608,443.09	36,909,616,561.61	0.49%
BATAAN SAVINGS AND LOAN BANK	1,534,482.05	1,227,585.64	1,052,837.33	542,207.29	1,595,044.62	367,458.98	59,627,430.98	0.62%
ISLA BANK(A THRIFT BANK) INC	0.00	0.00	1,084,511.77	3,206,068.56	4,290,580.33	4,290,580.33	660,183,261.30	0.65%
ROBINSONS BANK CORPORATION	658,926,680.81	527,141,344.65	220,272,662.99	386,421,622.19	606,694,285.18	79,552,940.53	11,965,523,383.86	0.66%
UNITED OVERSEAS BANK PHILIPPINES	24,488,469.53	19,590,775.62	6,314,744.45	24,578,450.66	30,893,195.11	11,302,419.49	1,095,054,944.07	1.03%
CITY SAVINGS BANK INC	1,090,551,327.73	872,441,062.18	486,105,826.27	480,886,945.77	966,992,772.04	94,551,709.86	7,859,388,416.43	1.20%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	29,677,067.48	23,741,653.98	992,357.57	23,940,213.75	24,932,571.32	1,190,917.34	97,951,905.10	1.22%
SUN SAVINGS BANK INC	11,325,615.40	9,060,492.32	3,375,909.57	7,312,736.86	10,688,646.43	1,628,154.11	126,329,377.60	1.29%
BANK OF AMERICA N.A.	4.00	3.20	27,700,000.00	0.00	27,700,000.00	27,699,996.80	2,096,061,205.20	1.32%
ASIA UNITED BANK CORPORATION	1,500,504,328.44	1,200,403,462.75	826,520,509.46	660,720,971.42	1,487,241,480.88	286,838,018.13	19,445,240,279.32	1.48%
HIYAS BANKING CORPORATION	11,812,182.29	9,449,745.83	2,385,717.63	9,787,290.53	12,173,008.16	2,723,262.33	166,515,973.65	1.64%
MERCHANTS SAVINGS & LOAN ASSN INC	9,864,304.54	7,891,443.63	3,421,634.66	10,705,218.32	14,126,852.98	6,235,409.35	381,211,556.26	1.64%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	587,908.18	19,498,814.78	734,885.22	20,233,700.00	19,645,791.82	1,115,628,498.85	1.76%
PHIL BANK OF COMMUNICATIONS	1,975,747,874.57	1,580,598,299.66	259,944,675.67	1,485,179,092.87	1,745,123,768.54	164,525,468.88	9,053,792,010.60	1.82%
OPTIMUM DEVELOPMENT BANK INC	32,049,573.03	25,639,658.42	9,872,071.98	32,514,588.54	42,386,660.52	16,747,002.10	775,901,995.18	2.16%
HONGKONG & SHANGHAI BANKING CORP	1,010,877,458.73	808,701,966.98	658,163,720.55	444,985,121.47	1,103,148,842.02	294,446,875.04	13,259,684,080.79	2.22%
FIRST CONSOLIDATED BANK INC (A PDB)	678,188,791.54	542,551,033.23	91,365,025.09	522,575,179.09	613,940,204.18	71,389,170.95	3,152,251,880.15	2.26%
SAMPAGUITA SAVINGS BANK INC	20,300,554.29	16,240,443.43	29,788.98	17,561,298.36	17,591,087.34	1,350,643.91	56,818,131.70	2.38%
CTBC BANK (PHILIPPINES) CORP	352,143,947.69	281,715,158.15	214,190,499.92	236,611,537.39	450,802,037.31	169,086,879.16	6,793,016,248.70	2.49%
MALASIQUI PROGRESSIVE SLB, INC	7,205,779.25	5,764,623.40	232,889.90	6,951,706.48	7,184,596.38	1,419,972.98	54,074,484.64	2.63%
RIZAL COMM'L BANKING CORP	2,216,947,364.34	1,773,557,891.47	1,804,739,006.53	1,622,103,957.77	3,426,842,964.30	1,653,285,072.83	57,565,460,542.07	2.87%
BDO PRIVATE BANK, INC.	0.00	0.00	180,861,211.90	0.00	180,861,211.90	180,861,211.90	5,983,079,451.33	3.02%
KOREA EXCHANGE BANK	23,550,187.96	18,840,150.37	23,744,585.21	37,963,289.03	61,707,874.24	42,867,723.87	1,298,888,149.77	3.30%
INTER-ASIA DEVELOPMENT BANK	6,599,419.63	5,279,535.70	1,063,031.23	6,194,819.62	7,257,850.85	1,978,315.15	57,376,216.30	3.45%
HSBC SAVINGS BANK(PHILS) INC	53,597,643.69	42,878,114.95	94,253,518.11	11,024,512.50	105,278,030.61	62,399,915.66	1,772,852,254.95	3.52%
TONGYANG SAVINGS BANK INC	107,006,408.12	85,605,126.50	2,517,115.53	97,051,452.09	99,568,567.62	13,963,441.12	369,864,313.91	3.78%
ING BANK N.V.	95.48	76.38	96,538,134.39	2,875,094.48	99,413,228.87	99,413,152.49	2,616,449,647.71	3.80%
BANK OF THE PHIL ISLANDS	8,764,642,869.60	7,011,714,295.68	6,622,884,273.46	6,059,448,903.38	12,682,333,176.84	5,670,618,881.16	145,523,337,359.83	3.90%
PHIL SAVINGS BANK	4,253,951,632.82	3,403,161,306.26	1,110,617,270.03	3,004,128,491.07	4,114,745,761.10	711,584,454.84	17,928,792,601.98	3.97%
SECURITY BANK CORP	1,590,295,266.39	1,272,236,213.11	2,369,616,300.18	1,013,125,665.38	3,382,741,965.56	2,110,505,752.45	52,372,145,612.22	4.03%
PHIL NATIONAL BANK	9,306,235,006.50	7,444,988,005.20	2,897,833,893.03	8,376,937,988.93	11,274,771,881.96	3,829,783,876.76	94,150,344,390.29	4.07%
CHINA BANKING CORP	5,686,188,810.45	4,548,951,048.36	3,063,469,795.37	3,692,192,561.65	6,755,662,357.02	2,206,711,308.66	52,906,807,324.38	4.17%
CARD SME BANK INC A THRIFT BANK	39,802,023.40	31,841,618.72	14,969,252.35	41,685,014.42	56,654,266.77	24,812,648.05	555,733,939.98	4.46%
UNION BANK OF THE PHILS	9,629,958,552.57	7,703,966,842.06	1,108,062,106.35	8,993,011,069.91	10,101,073,176.26	2,397,106,334.20	52,790,312,895.37	4.54%
BPI DIRECT SAVINGS BANK INC	185,981,696.75	148,785,357.40	74,207,389.47	143,675,339.45	217,882,728.92	69,097,371.52	1,477,620,338.12	4.68%
BANK OF CHINA LIMITED-MANILA BRANCH	189,040,895.91	151,232,716.73	88,058,093.58	195,933,343.59	283,991,437.17	132,758,720.44	2,586,418,806.24	5.13%
UNIVERSITY SAVINGS BANK INC	25,861,287.75	20,689,030.20	3,155,546.48	38,820,680.67	41,976,227.15	21,287,196.95	404,641,631.79	5.26%
METROPOLITAN BANK & TCO	2,590,456,257.63	2,072,365,006.10	5,548,156,321.06	6,685,731,045.90	12,233,887,366.96	10,161,522,360.86	182,990,699,282.53	5.55%
PHIL TRUST COMPANY	1,081,594,108.54	865,275,286.83	172,399,510.02	2,021,806,232.42	2,194,205,742.44	1,328,930,455.61	23,493,682,875.31	5.66%
UCPB SAVINGS BANK	542,390,954.01	433,912,763.21	82,368,805.00	483,372,179.99	565,740,984.99	131,828,221.78	2,245,682,140.63	5.87%
ANZ BANKING GROUP LTD	23,339,114.85	18,671,291.88	283,211,522.81	23,339,114.85	306,550,637.66	287,879,345.78	4,712,037,402.23	6.11%
BPI FAMILY SAVINGS BANK INC	5,464,275,910.37	4,371,420,728.30	1,948,645,397.17	3,980,701,514.42	5,929,346,911.59	1,557,926,183.29	24,680,048,235.83	6.31%
LAND BANK OF THE PHILIPPINES	7,010,360,349.50	5,608,288,279.60	6,055,225,420.88	5,098,283,930.32	11,153,509,351.20	5,545,221,071.60	77,271,638,380.17	7.18%
BDO UNIBANK INC	13,085,104,036.76	10,468,083,229.41	13,599,706,861.74	11,973,767,081.27	25,573,473,943.01	15,105,390,713.60	191,548,843,479.44	7.89%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	0.00	388,210,030.46	0.00	388,210,030.46	388,210,030.46	4,784,124,464.32	8.11%
BANGKOK BANK PUBLIC CO LTD	4,662,165.64	3,729,732.51	252,442,144.36	4,662,165.64	257,104,310.00	253,374,577.49	3,116,521,199.92	8.13%
BANK OF COMMERCE	1,804,743,357.72	1,443,794,686.18	394,116,722.81	2,345,010,347.08	2,739,127,069.89	1,295,332,383.71	15,133,153,608.97	8.56%
SECURITY BANK SAVINGS CORPORATION	512,338,894.46	409,871,115.57	0.00	512,972,159.05	512,972,159.05	103,101,043.48	1,143,033,718.34	9.02%
THE PALAWAN BANK (PALAWAN DB) INC	15,935,525.38	12,748,420.30	2,232,022.83	13,923,862.61	16,155,885.44	3,407,465.14	35,310,496.50	9.65%
MEGA INT'L COMM'L BANK CO LTD	0.00	0.00	140,727,392.46	89,865,608.80	230,593,001.26	230,593,001.26	1,920,874,461.46	12.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	0.00	320,002,261.97	9,978,400.00	329,980,661.97	329,980,661.97	2,731,813,664.20	12.08%
WORLD PARTNERS BANK (A THRIFT BANK)	81,566,096.66	65,252,877.33	2,153,214.36	72,086,532.95	74,239,747.31	8,986,869.98	73,728,516.12	12.19%
DEUTSCHE BANK AG	0.00	0.00	58,394,445.58	264,353,280.62	322,747,726.20	322,747,726.20	2,453,629,766.41	13.15%
CITIBANK, N.A.	804,821,801.62	643,857,441.30	2,912,709,568.96	2,716,878,209.68	5,629,587,778.64	4,985,730,337.34	12,723,280,537.08	39.19%
Grand Total	126,124,255,383.69	100,899,404,306.95	61,951,764,238.44	94,020,536,067.45	155,972,300,305.89	55,072,895,998.94	1,299,064,219,703.18	4.24%

Out of the 10 banks highlighted in yellow, 9 banks have been regularly listed as one of the "The Top Distressed Philippine Banks as of September 30, 2015".

Comsavings Bank needs to recapitalize the bank by more than 100% if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%.

Luzon Development Bank faces a shortfall of 59.32% of its stated stockholder's equity of Php 564.542 million if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%.

Planters Development Bank faces a similar shortfall of 33.14% of its stated stockholder's equity of Php 3.420 billion if it were to shore up its loan loss provisions to 80% of its NPLs. Planters nearly failed in the last half of 2013 but was rescued when it was acquired by China Banking Corporation, a much healthier bank, for Php 1.863 billion last September 18, 2013.  This represents a 40% discount to Planters stated book value of Php 3.133 billion as of September 30, 2013, or a 41% premium to their actual book value of Php 1.323 billion (after subtracting for unbooked losses/deferred charges). For more information regarding this, please read a previous blog post: "The Near Death Experience of Planters Development Bank".