Comsavings Bank Ranks First in Non-Performing Loans as % of Capital Funds as of September 30, 2015

Editor's Note: Data is culled from  the Published Statements of Condition of individual Philippine Banks found in www.bsp.gov.ph.  Banks highlighted in yellow are classified as Distressed Banks.   The level of distress is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of September 30, 2015. See a previous blog post:  Philippine Banks Deteriorate in the Third Quarter of 2015 or "The Top Distressed Philippine Banks as of September 30, 2015"

This blog post updates previous blog posts such as Comsavings Bank Ranks First in Non-Performing Loans as % of Capital Funds as of June 30, 2015.


NPLs.  Short for Non-Performing Loans.  The NPL Ratio or the ratio of a bank's Non-Performing Loans (NPL) to Total Loan Portfolio (TLP) is a frequently cited figure in the general media to indicate a bank's financial health or the health of the banking system as a whole.  See: "Banks reduce exposure to bad debts, have more cash to loan out—BSP".

In the Philippine Banking Industry, Gross Non-Performing Loans stood at Php 126.124 billion as of September 30, 2015 - approximately 2.14% of the Philippine Banking Industry's Total Loan Portfolio of Php 5.904 trillion.

Philippine Banking System
NPL as % of TLP
September 30, 2015
	Gross NPLs	Gross TLP	Gross NPL/ Gross TLP
Bank	(In Php)	(In Php)	(In %)
SECURITY BANK SAVINGS CORPORATION	512,338,894.46	514,849,001.10	99.51%
PROGRESS SAVINGS AND LOAN BANK INC	1,138,302.67	1,295,623.24	87.86%
COMSAVINGS BANK	123,221,089.07	154,847,712.14	79.58%
SAMPAGUITA SAVINGS BANK INC	20,300,554.29	39,889,388.79	50.89%
METRO CEBU PUBLIC SAVINGS BANK	36,582,151.60	85,168,128.79	42.95%
BATAAN DEVELOPMENT BANK	59,198,855.12	141,675,048.21	41.78%
PHIL STAR DEVELOPMENT BANK INC	22,292,920.67	54,602,857.79	40.83%
LEGAZPI SAVINGS BANK INC	435,027,850.38	1,149,802,778.55	37.83%
NORTHPOINT DEV'T BANK INC	79,166,642.81	215,550,262.45	36.73%
TONGYANG SAVINGS BANK INC	107,006,408.12	351,853,017.36	30.41%
FARMERS SAVINGS & LOAN BANK INC	56,725,095.20	205,980,606.64	27.54%
WORLD PARTNERS BANK (A THRIFT BANK)	81,566,096.66	332,725,931.61	24.51%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	29,677,067.48	128,192,668.86	23.15%
MALASIQUI PROGRESSIVE SLB, INC	7,205,779.25	32,719,278.01	22.02%
LIFE SAVINGS BANK INC	14,488,972.29	73,726,624.40	19.65%
PAMPANGA DEVELOPMENT BANK	52,287,742.08	269,798,237.28	19.38%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	43,374,617.22	228,883,578.85	18.95%
MARITIME SAVINGS BANK CORPORATION	23,490,621.98	135,176,387.83	17.38%
LUZON DEVELOPMENT BANK	547,582,729.01	3,329,140,477.82	16.45%
MALAYAN BANK SAVINGS AND MORT BANK INC	627,005,388.40	4,185,370,746.29	14.98%
BANK OF MAKATI (A SAVINGS BANK) INC	2,610,781,336.75	18,149,169,554.30	14.39%
PHILIPPINE VETERANS BANK	1,621,177,515.52	12,359,165,371.08	13.12%
EQUICOM SAVINGS BANK INC	506,534,201.57	3,992,742,128.24	12.69%
ENTERPRISE BANK INC (A THRIFT BANK)	151,905,771.23	1,414,588,967.19	10.74%
DUMAGUETE CITY DEV BANK INC	50,832,744.75	499,694,357.99	10.17%
STANDARD CHARTERED BANK	2,492,811,180.57	25,154,794,499.48	9.91%
BUSINESS AND CONSUMERS BANK (A DB)	13,402,460.67	136,268,312.82	9.84%
1ST VALLEY BANK INC A DEVELOPMENT BANK	516,903,491.44	5,264,081,352.64	9.82%
PHIL POSTAL SAVINGS BANK INC	575,053,871.77	6,205,996,849.82	9.27%
PLANTERS DEVELOPMENT BANK	2,931,765,964.32	32,956,644,853.54	8.90%
CORDILLERA SAVINGS BANK INC	14,750,568.06	172,867,752.89	8.53%
UNION BANK OF THE PHILS	9,629,958,552.57	131,131,911,511.08	7.34%
PHIL BANK OF COMMUNICATIONS	1,975,747,874.57	27,528,371,946.91	7.18%
PRODUCERS SAVINGS BANK CORPORATION	409,412,710.10	5,807,642,858.37	7.05%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	649,050,437.74	9,351,763,884.76	6.94%
FIRST CONSOLIDATED BANK INC (A PDB)	678,188,791.54	9,815,960,344.45	6.91%
CHINA BANK SAVINGS INC	1,154,621,429.72	16,983,298,347.55	6.80%
VILLAGE BANK INC (A THRIFT BANK)	23,897,018.49	351,708,455.40	6.79%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	130,578,749.00	1,946,777,153.56	6.71%
THE PALAWAN BANK (PALAWAN DB) INC	15,935,525.38	244,669,260.95	6.51%
HIYAS BANKING CORPORATION	11,812,182.29	187,057,374.63	6.31%
LEMERY SAVINGS & LOAN BANK, INC.	4,085,048.65	67,706,198.35	6.03%
BATAAN SAVINGS AND LOAN BANK	1,534,482.05	27,054,232.34	5.67%
UNITED COCONUT PLANTERS BANK	6,447,845,038.40	115,181,213,699.33	5.60%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	976,564,395.96	17,541,472,917.93	5.57%
UNIVERSITY SAVINGS BANK INC	25,861,287.75	486,914,849.44	5.31%
BANK ONE SAVINGS AND TRUST CORP.	24,537,234.83	489,442,104.61	5.01%
RCBC SAVINGS BANK INC	2,908,210,627.05	60,106,224,079.55	4.84%
INTER-ASIA DEVELOPMENT BANK	6,599,419.63	141,211,770.64	4.67%
CENTURY SAVINGS BANK CORPORATION	38,199,697.52	833,487,677.05	4.58%
DEVELOPMENT BANK OF THE PHIL	7,162,998,139.78	158,789,039,474.80	4.51%
EAST WEST BANKING CORP	6,229,695,832.19	138,303,809,955.42	4.50%
WEALTH DEVELOPMENT BANK CORPORATION	163,904,699.21	3,698,927,147.21	4.43%
UCPB SAVINGS BANK	542,390,954.01	12,366,213,771.69	4.39%
BANK OF COMMERCE	1,804,743,357.72	42,720,577,523.61	4.22%
TOWER DEVELOPMENT BANK	9,948,254.32	237,530,843.23	4.19%
PHIL SAVINGS BANK	4,253,951,632.82	111,916,458,060.71	3.80%
PHIL TRUST COMPANY	1,081,594,108.54	28,497,934,139.75	3.80%
UNITED OVERSEAS BANK PHILIPPINES	24,488,469.53	651,750,327.85	3.76%
MAYBANK PHILIPPINES INC	1,971,160,477.66	55,061,536,413.06	3.58%
CITYSTATE SAVINGS BANK INC	70,501,723.90	2,052,222,319.11	3.44%
SUN SAVINGS BANK INC	11,325,615.40	333,703,899.62	3.39%
OPTIMUM DEVELOPMENT BANK INC	32,049,573.03	1,061,791,575.62	3.02%
PHIL NATIONAL BANK	9,306,235,006.50	311,425,567,767.79	2.99%
MERCHANTS SAVINGS & LOAN ASSN INC	9,864,304.54	337,150,144.18	2.93%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	35,261,953.02	1,210,343,416.19	2.91%
ROBINSONS BANK CORPORATION	658,926,680.81	22,983,962,209.75	2.87%
BPI DIRECT SAVINGS BANK INC	185,981,696.75	6,502,544,156.05	2.86%
BPI FAMILY SAVINGS BANK INC	5,464,275,910.37	191,508,695,968.15	2.85%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,095,049,581.59	39,377,968,897.72	2.78%
PNB SAVINGS BANK	488,504,491.73	17,605,680,593.50	2.77%
CARD SME BANK INC A THRIFT BANK	39,802,023.40	1,456,900,079.32	2.73%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,148,628.17	42,593,689.20	2.70%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4,396,068.42	171,520,217.33	2.56%
CHINA BANKING CORP	5,686,188,810.45	243,620,290,353.51	2.33%
CITY SAVINGS BANK INC	1,090,551,327.73	49,014,460,747.81	2.22%
BANK OF CHINA LIMITED-MANILA BRANCH	189,040,895.91	8,970,828,814.39	2.11%
ASIA UNITED BANK CORPORATION	1,500,504,328.44	83,644,335,087.41	1.79%
CTBC BANK (PHILIPPINES) CORP	352,143,947.69	20,279,842,479.83	1.74%
LAND BANK OF THE PHILIPPINES	7,010,360,349.50	441,082,330,129.24	1.59%
BANK OF THE PHIL ISLANDS	8,764,642,869.60	605,260,728,459.28	1.45%
HONGKONG & SHANGHAI BANKING CORP	1,010,877,458.73	81,511,147,815.57	1.24%
BDO UNIBANK INC	13,085,104,036.76	1,259,816,765,014.23	1.04%
RIZAL COMM'L BANKING CORP	2,216,947,364.34	217,151,471,218.02	1.02%
KOREA EXCHANGE BANK	23,550,187.96	3,176,697,669.14	0.74%
SECURITY BANK CORP	1,590,295,266.39	215,239,334,518.85	0.74%
CITIBANK, N.A.	804,821,801.62	150,864,782,017.32	0.53%
METROPOLITAN BANK & TCO	2,590,456,257.63	641,161,117,262.53	0.40%
HSBC SAVINGS BANK(PHILS) INC	53,597,643.69	13,799,241,642.27	0.39%
ANZ BANKING GROUP LTD	23,339,114.85	35,881,102,678.97	0.07%
BANGKOK BANK PUBLIC CO LTD	4,662,165.64	8,317,557,239.70	0.06%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	20,023,992,469.97	0.00%
ING BANK N.V.	95.48	37,759,389,798.92	0.00%
BANK OF AMERICA N.A.	4.00	2,402,110,498.45	0.00%
BDO PRIVATE BANK, INC.	0.00	9,687,599,480.55	0.00%
DEUTSCHE BANK AG	0.00	22,480,324,135.13	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	935,993,761.73	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	8,860,834,460.36	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	23,430,549,383.36	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	200,000,000.00	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	34,456,568,039.81	0.00%
Grand Total	126,124,255,383.69	5,903,504,968,790.11	2.14%

Source: www.bsp.gov.ph



There are ten Philippine Banks with a Gross NPL Ratio greater than 30% of Total Loan Portfolio (TLP).  These are as follows:

1. Security Bank Savings Corporation (99.51% of TLP)
2. Progress Savings and Loan Bank Inc. (87.86% of TLP)
3. Comsavings Bank (79.58% of TLP)
4. Sampaguita Savings Bank Inc. (50.89% of TLP)
5. Metro Cebu Public Savings Bank (42.95% of TLP)
6. Bataan Development Bank (41.78% of TLP)
7. Philippine Star Development Bank (40.83% of TLP)
8. Legazpi Savings Bank Inc (37.83% of TLP)
9. Northpoint Development Bank (36.73% of TLP)
10. TongYang Savings Bank (30.41% of TLP)

Of these banks, four banks are distressed:

1. Security Bank Savings Corporation
2. Comsavings Bank (formerly GSIS Family Bank)
3. Bataan Development Bank
4. Legazpi Savings Bank Inc

The ratio of a bank's NPLs to its total Stockholders Equity (SE) maybe more important than the ratio of its NPLs to Total Loan Portfolio.  The idea behind this is that NPLs are fragile things.  As a loan deteriorates, its recoverable value will deteriorate as well.  A foreclosure will most likely result in a loan recovery that is a mere fraction of the loan's original value.  Therefore, banks with high NPL Ratios relative to their Stockholders Equity may face a significant loss of capital if a substantial amount of their NPLs are written off as a loss.

On an overall basis, the Gross NPLs of Philippine Banks amounted to 9.71% of Stockholders Equity as of September 30, 2015.

Philippine Banking System
NPL as % of SE
September 30, 2015
	NPL	SE	NPL/SE
Bank	(In PHP)	(In PHP)	(In %)
COMSAVINGS BANK	123,221,089.07	13,560,586.44	908.67%
LEGAZPI SAVINGS BANK INC	435,027,850.38	256,796,688.50	169.41%
WORLD PARTNERS BANK (A THRIFT BANK)	81,566,096.66	73,728,516.12	110.63%
LUZON DEVELOPMENT BANK	547,582,729.01	564,542,378.27	97.00%
EQUICOM SAVINGS BANK INC	506,534,201.57	590,625,774.84	85.76%
PLANTERS DEVELOPMENT BANK	2,931,765,964.32	3,420,157,260.19	85.72%
BATAAN DEVELOPMENT BANK	59,198,855.12	78,385,234.48	75.52%
METRO CEBU PUBLIC SAVINGS BANK	36,582,151.60	54,060,442.42	67.67%
MALAYAN BANK SAVINGS AND MORT BANK INC	627,005,388.40	972,410,751.13	64.48%
ENTERPRISE BANK INC (A THRIFT BANK)	151,905,771.23	251,562,549.36	60.38%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	43,374,617.22	74,365,586.16	58.33%
PHIL POSTAL SAVINGS BANK INC	575,053,871.77	1,039,321,281.92	55.33%
FARMERS SAVINGS & LOAN BANK INC	56,725,095.20	111,211,942.89	51.01%
CHINA BANK SAVINGS INC	1,154,621,429.72	2,464,405,907.46	46.85%
THE PALAWAN BANK (PALAWAN DB) INC	15,935,525.38	35,310,496.50	45.13%
SECURITY BANK SAVINGS CORPORATION	512,338,894.46	1,143,033,718.34	44.82%
BANK OF MAKATI (A SAVINGS BANK) INC	2,610,781,336.75	6,064,909,554.79	43.05%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	976,564,395.96	2,277,387,324.45	42.88%
PAMPANGA DEVELOPMENT BANK	52,287,742.08	127,184,127.38	41.11%
STANDARD CHARTERED BANK	2,492,811,180.57	6,291,482,552.19	39.62%
1ST VALLEY BANK INC A DEVELOPMENT BANK	516,903,491.44	1,305,096,383.02	39.61%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	130,578,749.00	334,793,009.95	39.00%
WEALTH DEVELOPMENT BANK CORPORATION	163,904,699.21	422,479,800.69	38.80%
MARITIME SAVINGS BANK CORPORATION	23,490,621.98	63,664,351.66	36.90%
SAMPAGUITA SAVINGS BANK INC	20,300,554.29	56,818,131.70	35.73%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	649,050,437.74	1,880,470,429.77	34.52%
RCBC SAVINGS BANK INC	2,908,210,627.05	8,768,142,596.41	33.17%
PHILIPPINE VETERANS BANK	1,621,177,515.52	5,031,273,069.26	32.22%
VILLAGE BANK INC (A THRIFT BANK)	23,897,018.49	75,352,054.63	31.71%
UNITED COCONUT PLANTERS BANK	6,447,845,038.40	20,719,936,917.67	31.12%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	29,677,067.48	97,951,905.10	30.30%
PRODUCERS SAVINGS BANK CORPORATION	409,412,710.10	1,404,326,416.88	29.15%
PHIL STAR DEVELOPMENT BANK INC	22,292,920.67	77,002,417.70	28.95%
TONGYANG SAVINGS BANK INC	107,006,408.12	369,864,313.91	28.93%
NORTHPOINT DEV'T BANK INC	79,166,642.81	316,715,308.96	25.00%
UCPB SAVINGS BANK	542,390,954.01	2,245,682,140.63	24.15%
PHIL SAVINGS BANK	4,253,951,632.82	17,928,792,601.98	23.73%
LIFE SAVINGS BANK INC	14,488,972.29	62,405,948.69	23.22%
BPI FAMILY SAVINGS BANK INC	5,464,275,910.37	24,680,048,235.83	22.14%
PHIL BANK OF COMMUNICATIONS	1,975,747,874.57	9,053,792,010.60	21.82%
DUMAGUETE CITY DEV BANK INC	50,832,744.75	235,220,133.73	21.61%
FIRST CONSOLIDATED BANK INC (A PDB)	678,188,791.54	3,152,251,880.15	21.51%
EAST WEST BANKING CORP	6,229,695,832.19	29,591,441,555.29	21.05%
DEVELOPMENT BANK OF THE PHIL	7,162,998,139.78	36,909,616,561.61	19.41%
UNION BANK OF THE PHILS	9,629,958,552.57	52,790,312,895.37	18.24%
MAYBANK PHILIPPINES INC	1,971,160,477.66	11,445,474,847.22	17.22%
BUSINESS AND CONSUMERS BANK (A DB)	13,402,460.67	88,135,917.46	15.21%
CITY SAVINGS BANK INC	1,090,551,327.73	7,859,388,416.43	13.88%
MALASIQUI PROGRESSIVE SLB, INC	7,205,779.25	54,074,484.64	13.33%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,095,049,581.59	8,415,407,468.55	13.01%
BPI DIRECT SAVINGS BANK INC	185,981,696.75	1,477,620,338.12	12.59%
CORDILLERA SAVINGS BANK INC	14,750,568.06	119,152,907.31	12.38%
BANK OF COMMERCE	1,804,743,357.72	15,133,153,608.97	11.93%
INTER-ASIA DEVELOPMENT BANK	6,599,419.63	57,376,216.30	11.50%
CITYSTATE SAVINGS BANK INC	70,501,723.90	621,271,687.28	11.35%
CHINA BANKING CORP	5,686,188,810.45	52,906,807,324.38	10.75%
PHIL NATIONAL BANK	9,306,235,006.50	94,150,344,390.29	9.88%
LAND BANK OF THE PHILIPPINES	7,010,360,349.50	77,271,638,380.17	9.07%
SUN SAVINGS BANK INC	11,325,615.40	126,329,377.60	8.97%
TOWER DEVELOPMENT BANK	9,948,254.32	119,927,191.61	8.30%
ASIA UNITED BANK CORPORATION	1,500,504,328.44	19,445,240,279.32	7.72%
HONGKONG & SHANGHAI BANKING CORP	1,010,877,458.73	13,259,684,080.79	7.62%
BANK OF CHINA LIMITED-MANILA BRANCH	189,040,895.91	2,586,418,806.24	7.31%
CARD SME BANK INC A THRIFT BANK	39,802,023.40	555,733,939.98	7.16%
HIYAS BANKING CORPORATION	11,812,182.29	166,515,973.65	7.09%
BDO UNIBANK INC	13,085,104,036.76	191,548,843,479.44	6.83%
UNIVERSITY SAVINGS BANK INC	25,861,287.75	404,641,631.79	6.39%
CITIBANK, N.A.	804,821,801.62	12,723,280,537.08	6.33%
BANK OF THE PHIL ISLANDS	8,764,642,869.60	145,523,337,359.83	6.02%
LEMERY SAVINGS & LOAN BANK, INC.	4,085,048.65	71,550,058.10	5.71%
ROBINSONS BANK CORPORATION	658,926,680.81	11,965,523,383.86	5.51%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	35,261,953.02	658,049,932.15	5.36%
CTBC BANK (PHILIPPINES) CORP	352,143,947.69	6,793,016,248.70	5.18%
PHIL TRUST COMPANY	1,081,594,108.54	23,493,682,875.31	4.60%
PNB SAVINGS BANK	488,504,491.73	11,165,902,707.95	4.37%
BANK ONE SAVINGS AND TRUST CORP.	24,537,234.83	566,933,601.50	4.33%
OPTIMUM DEVELOPMENT BANK INC	32,049,573.03	775,901,995.18	4.13%
CENTURY SAVINGS BANK CORPORATION	38,199,697.52	941,554,649.38	4.06%
RIZAL COMM'L BANKING CORP	2,216,947,364.34	57,565,460,542.07	3.85%
SECURITY BANK CORP	1,590,295,266.39	52,372,145,612.22	3.04%
HSBC SAVINGS BANK(PHILS) INC	53,597,643.69	1,772,852,254.95	3.02%
MERCHANTS SAVINGS & LOAN ASSN INC	9,864,304.54	381,211,556.26	2.59%
BATAAN SAVINGS AND LOAN BANK	1,534,482.05	59,627,430.98	2.57%
UNITED OVERSEAS BANK PHILIPPINES	24,488,469.53	1,095,054,944.07	2.24%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,148,628.17	59,630,414.69	1.93%
KOREA EXCHANGE BANK	23,550,187.96	1,298,888,149.77	1.81%
METROPOLITAN BANK & TCO	2,590,456,257.63	182,990,699,282.53	1.42%
PROGRESS SAVINGS AND LOAN BANK INC	1,138,302.67	81,694,056.22	1.39%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4,396,068.42	337,298,677.62	1.30%
ANZ BANKING GROUP LTD	23,339,114.85	4,712,037,402.23	0.50%
BANGKOK BANK PUBLIC CO LTD	4,662,165.64	3,116,521,199.92	0.15%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	1,115,628,498.85	0.07%
ING BANK N.V.	95.48	2,616,449,647.71	0.00%
BANK OF AMERICA N.A.	4.00	2,096,061,205.20	0.00%
BDO PRIVATE BANK, INC.	0.00	5,983,079,451.33	0.00%
DEUTSCHE BANK AG	0.00	2,453,629,766.41	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	660,183,261.30	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,920,874,461.46	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,731,813,664.20	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	12,889,445,917.27	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	4,784,124,464.32	0.00%
Grand Total	126,124,255,383.69	1,299,064,219,703.18	9.71%

Source: www.bsp.gov.ph

Of the 101 banks in this list, thirty banks have a Gross NPL to Stockholders Equity Ratio of 30% or more as of September 30, 2015.  These banks are as follows:

1. Comsavings Bank (908.67% of SE)
2. Legazpi Savings Bank (169.41% of SE)
3. World Partners Bank (110.63% of SE)
4. Equicom Savings Bank Inc. (85.76% of SE)
5. Planters Development Bank (85.72% of SE)
6. Bataan Development Bank (75.52% of SE)
7. Metro Cebu Public Savings Bank (67.67% of SE)
8. Malayan Bank Savings and Mortgage Bank (64.48% of SE)
9. Enterprise Bank Inc (60.38% of SE)
10. Opportunity Kauswagan Bank, Inc. (58.33% of SE)
11. Philippine Postal Savings Bank (55.33% of SE)
12. Farmers Savings & Loan Bank Inc (51.01% of SE)
13. China Bank Savings Inc (46.85% of SE)
14. The Palawan Bank (45.13% of SE)
15. Security Bank Savings Corporation (44.82% of SE)
16. Bank of Makati Inc (43.05% of SE)
17. Sterling Bank of Asia, Inc. (42.88% of SE)
18. Pampanga Development Bank (41.11% of SE)
19. Standard Chartered Bank (39.62% of SE)
20. 1st Valley Bank Inc (39.61% of SE)
21. Penbank Inc. (39.00% of SE)
22. Wealth Development Bank Corporation (38.80% of SE)
23. Maritime Savings Bank Corporation (36.90% of SE)
24. Sampaguita Savings Bank (35.73% of SE)
25. Philippine Resources Savings Banking Corporation (34.52% of SE)
26. RCBC Savings Bank Inc (33.17% of SE)
27. Philippine Veterans Bank (32.22%of SE)
28. Village Bank Inc (31.71% of SE)
29. United Coconut Planters Bank (31.12% of SE)
30. Dungganon Bank Inc (30.30% of SE)

Another indicator of a bank's financial health is the level of DOSRI Loans (Loans made by the bank to related parties such as Directors, Officers, Stockholders, and Related Interests) in relation to a bank's Total Loan Portfolio.  Under current banking regulations, the limit on the amount of individual loans to DOSRI, of which 70% must be secured,should not exceed a bank's parent company's regulatory capital or 15% of the bank's parent company's total loan portfolio, whichever is lower.  These limits do not apply to loans secured by assets considered as non-risk as defined in the regulations.Therefore banks with significantly high DOSRI Loan to Total Loan Portfolio ratios may be bumping up or exceeding the limits of compliance with DOSRI regulations.

On an overall basis, the DOSRI Loans of Philippine Banks amounted to only 3.37% of their Total Loan Portfolio as of September 30, 2015.  Of the 101 banks, thirty banks reported having no DOSRI Loans.  Of the seventy-one banks with DOSRI Loans, thirty-six banks had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, six banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:

1. Development Bank of the Philippines (28.70% of TLP)
2. Queen City Development Bank (22.19% of TLP)
3. Malasiqui Progressive SLB, Inc. (21.98% of TLP)
4. World Partners Bank (17.73% of TLP)
5. Land Bank of the Philippines (16.15% of TLP)
6. Citystate Savings Bank (15.94% of TLP)

Philippine Banking System
DOSRI as % of TLP
September 30, 2015
	DOSRI	TLP	DOSRI/TLP
Bank	(In Php)	(In PHP)	(In %)
DEVELOPMENT BANK OF THE PHIL	45,574,184,257.50	158,789,039,474.80	28.70%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	268,548,493.36	1,210,343,416.19	22.19%
MALASIQUI PROGRESSIVE SLB, INC	7,191,211.24	32,719,278.01	21.98%
WORLD PARTNERS BANK (A THRIFT BANK)	59,000,000.00	332,725,931.61	17.73%
LAND BANK OF THE PHILIPPINES	71,244,465,724.20	441,082,330,129.24	16.15%
CITYSTATE SAVINGS BANK INC	327,048,225.14	2,052,222,319.11	15.94%
VILLAGE BANK INC (A THRIFT BANK)	46,286,597.73	351,708,455.40	13.16%
PAMPANGA DEVELOPMENT BANK	35,022,599.49	269,798,237.28	12.98%
INTER-ASIA DEVELOPMENT BANK	17,662,390.93	141,211,770.64	12.51%
HIYAS BANKING CORPORATION	22,339,193.20	187,057,374.63	11.94%
PHIL STAR DEVELOPMENT BANK INC	6,007,769.40	54,602,857.79	11.00%
LIFE SAVINGS BANK INC	7,678,181.84	73,726,624.40	10.41%
DUMAGUETE CITY DEV BANK INC	40,760,514.87	499,694,357.99	8.16%
EAST WEST BANKING CORP	9,731,655,416.60	138,303,809,955.42	7.04%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	123,497,920.71	1,946,777,153.56	6.34%
COMSAVINGS BANK	8,429,293.61	154,847,712.14	5.44%
PHIL TRUST COMPANY	1,418,000,000.00	28,497,934,139.75	4.98%
CENTURY SAVINGS BANK CORPORATION	29,655,287.49	833,487,677.05	3.56%
BANK OF MAKATI (A SAVINGS BANK) INC	593,507,773.29	18,149,169,554.30	3.27%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,231,721,529.14	39,377,968,897.72	3.13%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,220,576.55	42,593,689.20	2.87%
MALAYAN BANK SAVINGS AND MORT BANK INC	118,698,388.62	4,185,370,746.29	2.84%
BANK OF THE PHIL ISLANDS	15,514,907,340.23	605,260,728,459.28	2.56%
PHIL NATIONAL BANK	7,557,819,907.49	311,425,567,767.79	2.43%
BDO UNIBANK INC	29,176,492,677.63	1,259,816,765,014.23	2.32%
TOWER DEVELOPMENT BANK	5,475,351.56	237,530,843.23	2.31%
CHINA BANKING CORP	4,933,274,996.68	243,620,290,353.51	2.02%
ROBINSONS BANK CORPORATION	445,697,729.55	22,983,962,209.75	1.94%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	4,394,515.43	228,883,578.85	1.92%
PRODUCERS SAVINGS BANK CORPORATION	101,074,953.17	5,807,642,858.37	1.74%
BANK OF AMERICA N.A.	40,768,778.21	2,402,110,498.45	1.70%
CORDILLERA SAVINGS BANK INC	2,388,121.90	172,867,752.89	1.38%
PHIL SAVINGS BANK	1,423,904,759.18	111,916,458,060.71	1.27%
ENTERPRISE BANK INC (A THRIFT BANK)	17,338,607.64	1,414,588,967.19	1.23%
PHIL POSTAL SAVINGS BANK INC	74,650,798.85	6,205,996,849.82	1.20%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	143,848,195.67	17,541,472,917.93	0.82%
MARITIME SAVINGS BANK CORPORATION	983,045.00	135,176,387.83	0.73%
RIZAL COMM'L BANKING CORP	1,491,089,314.09	217,151,471,218.02	0.69%
METROPOLITAN BANK & TCO	4,221,326,407.05	641,161,117,262.53	0.66%
HONGKONG & SHANGHAI BANKING CORP	426,224,570.81	81,511,147,815.57	0.52%
THE PALAWAN BANK (PALAWAN DB) INC	1,125,681.61	244,669,260.95	0.46%
HSBC SAVINGS BANK(PHILS) INC	57,293,684.46	13,799,241,642.27	0.42%
SECURITY BANK CORP	877,147,263.50	215,239,334,518.85	0.41%
UNION BANK OF THE PHILS	494,463,055.16	131,131,911,511.08	0.38%
PLANTERS DEVELOPMENT BANK	116,715,567.81	32,956,644,853.54	0.35%
TONGYANG SAVINGS BANK INC	1,228,250.13	351,853,017.36	0.35%
PHILIPPINE VETERANS BANK	36,853,042.40	12,359,165,371.08	0.30%
UNITED COCONUT PLANTERS BANK	252,441,420.76	115,181,213,699.33	0.22%
JP MORGAN CHASE BANK NATIONAL ASSN.	38,440,205.91	20,023,992,469.97	0.19%
LUZON DEVELOPMENT BANK	6,204,351.83	3,329,140,477.82	0.19%
WEALTH DEVELOPMENT BANK CORPORATION	5,757,248.00	3,698,927,147.21	0.16%
FIRST CONSOLIDATED BANK INC (A PDB)	12,649,715.88	9,815,960,344.45	0.13%
CTBC BANK (PHILIPPINES) CORP	20,669,218.89	20,279,842,479.83	0.10%
ASIA UNITED BANK CORPORATION	80,961,034.25	83,644,335,087.41	0.10%
ANZ BANKING GROUP LTD	34,328,899.03	35,881,102,678.97	0.10%
PHIL BANK OF COMMUNICATIONS	25,608,687.91	27,528,371,946.91	0.09%
ISLA BANK(A THRIFT BANK) INC	827,630.80	935,993,761.73	0.09%
CHINA BANK SAVINGS INC	14,485,485.94	16,983,298,347.55	0.09%
FARMERS SAVINGS & LOAN BANK INC	148,018.56	205,980,606.64	0.07%
STANDARD CHARTERED BANK	17,209,308.18	25,154,794,499.48	0.07%
CITY SAVINGS BANK INC	30,669,935.50	49,014,460,747.81	0.06%
CITIBANK, N.A.	91,543,775.30	150,864,782,017.32	0.06%
MAYBANK PHILIPPINES INC	24,700,000.00	55,061,536,413.06	0.04%
UCPB SAVINGS BANK	4,592,090.99	12,366,213,771.69	0.04%
BPI FAMILY SAVINGS BANK INC	30,841,738.11	191,508,695,968.15	0.02%
KOREA EXCHANGE BANK	433,900.00	3,176,697,669.14	0.01%
BANK OF COMMERCE	4,818,891.03	42,720,577,523.61	0.01%
LEGAZPI SAVINGS BANK INC	62,899.64	1,149,802,778.55	0.01%
BPI DIRECT SAVINGS BANK INC	323,889.50	6,502,544,156.05	0.00%
RCBC SAVINGS BANK INC	844,381.24	60,106,224,079.55	0.00%
UNITED OVERSEAS BANK PHILIPPINES	8,114.32	651,750,327.85	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	5,264,081,352.64	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	171,520,217.33	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	8,317,557,239.70	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	8,970,828,814.39	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	489,442,104.61	0.00%
BATAAN DEVELOPMENT BANK	0.00	141,675,048.21	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	27,054,232.34	0.00%
BDO PRIVATE BANK, INC.	0.00	9,687,599,480.55	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	136,268,312.82	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	1,456,900,079.32	0.00%
DEUTSCHE BANK AG	0.00	22,480,324,135.13	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	128,192,668.86	0.00%
EQUICOM SAVINGS BANK INC	0.00	3,992,742,128.24	0.00%
ING BANK N.V.	0.00	37,759,389,798.92	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	67,706,198.35	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	8,860,834,460.36	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	337,150,144.18	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	85,168,128.79	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	23,430,549,383.36	0.00%
NORTHPOINT DEV'T BANK INC	0.00	215,550,262.45	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	1,061,791,575.62	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	0.00	9,351,763,884.76	0.00%
PNB SAVINGS BANK	0.00	17,605,680,593.50	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	1,295,623.24	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	39,889,388.79	0.00%
SECURITY BANK SAVINGS CORPORATION	0.00	514,849,001.10	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	200,000,000.00	0.00%
SUN SAVINGS BANK INC	0.00	333,703,899.62	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	34,456,568,039.81	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	486,914,849.44	0.00%
Grand Total	198,777,638,801.69	5,903,504,968,790.11	3.37%

Source: www.bsp.gov.ph

DOSRI Rules indicate that, in the aggregate, DOSRI Loans should not exceed the total equity of the bank.  Therefore, banks with a significantly high DOSRI Loans as a percentage of Stockholders Equity may be approaching DOSRI Limits.  Generally speaking, the DOSRI Loans of Philippine Banks amounted to 15.30% of Stockholders Equity as of September 30, 2015.

Three banks have DOSRI Loans that exceed 80% of their capital.  These are as follows:

1. Development Bank of the Philippines (123.48% of SE)
2. Land Bank of the Philippines (92.20% of SE)
3. World Partners Bank (80.02% of SE)

Philippine Banking System
DOSRI as % of Stockholders Equity
September 30, 2015
	DOSRI	SE	DOSRI/SE
Bank	(In Php)	(In PHP)	(In %)
DEVELOPMENT BANK OF THE PHIL	45,574,184,257.50	36,909,616,561.61	123.48%
LAND BANK OF THE PHILIPPINES	71,244,465,724.20	77,271,638,380.17	92.20%
WORLD PARTNERS BANK (A THRIFT BANK)	59,000,000.00	73,728,516.12	80.02%
COMSAVINGS BANK	8,429,293.61	13,560,586.44	62.16%
VILLAGE BANK INC (A THRIFT BANK)	46,286,597.73	75,352,054.63	61.43%
CITYSTATE SAVINGS BANK INC	327,048,225.14	621,271,687.28	52.64%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	268,548,493.36	658,049,932.15	40.81%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	123,497,920.71	334,793,009.95	36.89%
EAST WEST BANKING CORP	9,731,655,416.60	29,591,441,555.29	32.89%
INTER-ASIA DEVELOPMENT BANK	17,662,390.93	57,376,216.30	30.78%
PAMPANGA DEVELOPMENT BANK	35,022,599.49	127,184,127.38	27.54%
DUMAGUETE CITY DEV BANK INC	40,760,514.87	235,220,133.73	17.33%
BDO UNIBANK INC	29,176,492,677.63	191,548,843,479.44	15.23%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,231,721,529.14	8,415,407,468.55	14.64%
HIYAS BANKING CORPORATION	22,339,193.20	166,515,973.65	13.42%
MALASIQUI PROGRESSIVE SLB, INC	7,191,211.24	54,074,484.64	13.30%
LIFE SAVINGS BANK INC	7,678,181.84	62,405,948.69	12.30%
MALAYAN BANK SAVINGS AND MORT BANK INC	118,698,388.62	972,410,751.13	12.21%
BANK OF THE PHIL ISLANDS	15,514,907,340.23	145,523,337,359.83	10.66%
BANK OF MAKATI (A SAVINGS BANK) INC	593,507,773.29	6,064,909,554.79	9.79%
CHINA BANKING CORP	4,933,274,996.68	52,906,807,324.38	9.32%
PHIL NATIONAL BANK	7,557,819,907.49	94,150,344,390.29	8.03%
PHIL SAVINGS BANK	1,423,904,759.18	17,928,792,601.98	7.94%
PHIL STAR DEVELOPMENT BANK INC	6,007,769.40	77,002,417.70	7.80%
PRODUCERS SAVINGS BANK CORPORATION	101,074,953.17	1,404,326,416.88	7.20%
PHIL POSTAL SAVINGS BANK INC	74,650,798.85	1,039,321,281.92	7.18%
ENTERPRISE BANK INC (A THRIFT BANK)	17,338,607.64	251,562,549.36	6.89%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	143,848,195.67	2,277,387,324.45	6.32%
PHIL TRUST COMPANY	1,418,000,000.00	23,493,682,875.31	6.04%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	4,394,515.43	74,365,586.16	5.91%
TOWER DEVELOPMENT BANK	5,475,351.56	119,927,191.61	4.57%
ROBINSONS BANK CORPORATION	445,697,729.55	11,965,523,383.86	3.72%
JP MORGAN CHASE BANK NATIONAL ASSN.	38,440,205.91	1,115,628,498.85	3.45%
PLANTERS DEVELOPMENT BANK	116,715,567.81	3,420,157,260.19	3.41%
HSBC SAVINGS BANK(PHILS) INC	57,293,684.46	1,772,852,254.95	3.23%
HONGKONG & SHANGHAI BANKING CORP	426,224,570.81	13,259,684,080.79	3.21%
THE PALAWAN BANK (PALAWAN DB) INC	1,125,681.61	35,310,496.50	3.19%
CENTURY SAVINGS BANK CORPORATION	29,655,287.49	941,554,649.38	3.15%
RIZAL COMM'L BANKING CORP	1,491,089,314.09	57,565,460,542.07	2.59%
METROPOLITAN BANK & TCO	4,221,326,407.05	182,990,699,282.53	2.31%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,220,576.55	59,630,414.69	2.05%
CORDILLERA SAVINGS BANK INC	2,388,121.90	119,152,907.31	2.00%
BANK OF AMERICA N.A.	40,768,778.21	2,096,061,205.20	1.95%
SECURITY BANK CORP	877,147,263.50	52,372,145,612.22	1.67%
MARITIME SAVINGS BANK CORPORATION	983,045.00	63,664,351.66	1.54%
WEALTH DEVELOPMENT BANK CORPORATION	5,757,248.00	422,479,800.69	1.36%
UNITED COCONUT PLANTERS BANK	252,441,420.76	20,719,936,917.67	1.22%
LUZON DEVELOPMENT BANK	6,204,351.83	564,542,378.27	1.10%
UNION BANK OF THE PHILS	494,463,055.16	52,790,312,895.37	0.94%
PHILIPPINE VETERANS BANK	36,853,042.40	5,031,273,069.26	0.73%
ANZ BANKING GROUP LTD	34,328,899.03	4,712,037,402.23	0.73%
CITIBANK, N.A.	91,543,775.30	12,723,280,537.08	0.72%
CHINA BANK SAVINGS INC	14,485,485.94	2,464,405,907.46	0.59%
ASIA UNITED BANK CORPORATION	80,961,034.25	19,445,240,279.32	0.42%
FIRST CONSOLIDATED BANK INC (A PDB)	12,649,715.88	3,152,251,880.15	0.40%
CITY SAVINGS BANK INC	30,669,935.50	7,859,388,416.43	0.39%
TONGYANG SAVINGS BANK INC	1,228,250.13	369,864,313.91	0.33%
CTBC BANK (PHILIPPINES) CORP	20,669,218.89	6,793,016,248.70	0.30%
PHIL BANK OF COMMUNICATIONS	25,608,687.91	9,053,792,010.60	0.28%
STANDARD CHARTERED BANK	17,209,308.18	6,291,482,552.19	0.27%
MAYBANK PHILIPPINES INC	24,700,000.00	11,445,474,847.22	0.22%
UCPB SAVINGS BANK	4,592,090.99	2,245,682,140.63	0.20%
FARMERS SAVINGS & LOAN BANK INC	148,018.56	111,211,942.89	0.13%
ISLA BANK(A THRIFT BANK) INC	827,630.80	660,183,261.30	0.13%
BPI FAMILY SAVINGS BANK INC	30,841,738.11	24,680,048,235.83	0.12%
KOREA EXCHANGE BANK	433,900.00	1,298,888,149.77	0.03%
BANK OF COMMERCE	4,818,891.03	15,133,153,608.97	0.03%
LEGAZPI SAVINGS BANK INC	62,899.64	256,796,688.50	0.02%
BPI DIRECT SAVINGS BANK INC	323,889.50	1,477,620,338.12	0.02%
RCBC SAVINGS BANK INC	844,381.24	8,768,142,596.41	0.01%
UNITED OVERSEAS BANK PHILIPPINES	8,114.32	1,095,054,944.07	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	1,305,096,383.02	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	337,298,677.62	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	3,116,521,199.92	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	2,586,418,806.24	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	566,933,601.50	0.00%
BATAAN DEVELOPMENT BANK	0.00	78,385,234.48	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	59,627,430.98	0.00%
BDO PRIVATE BANK, INC.	0.00	5,983,079,451.33	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	88,135,917.46	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	555,733,939.98	0.00%
DEUTSCHE BANK AG	0.00	2,453,629,766.41	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	97,951,905.10	0.00%
EQUICOM SAVINGS BANK INC	0.00	590,625,774.84	0.00%
ING BANK N.V.	0.00	2,616,449,647.71	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	71,550,058.10	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,920,874,461.46	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	381,211,556.26	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	54,060,442.42	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,731,813,664.20	0.00%
NORTHPOINT DEV'T BANK INC	0.00	316,715,308.96	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	775,901,995.18	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	0.00	1,880,470,429.77	0.00%
PNB SAVINGS BANK	0.00	11,165,902,707.95	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	81,694,056.22	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	56,818,131.70	0.00%
SECURITY BANK SAVINGS CORPORATION	0.00	1,143,033,718.34	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	12,889,445,917.27	0.00%
SUN SAVINGS BANK INC	0.00	126,329,377.60	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	4,784,124,464.32	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	404,641,631.79	0.00%
Grand Total	198,777,638,801.69	1,299,064,219,703.18	15.30%

Source: www.bsp.gov.ph

Banks often take pains to avoid DOSRI Loans from falling past due. Although bank policies often state that DOSRI Loans are made “substantially on the same terms as with other individuals and businesses of comparable risks".  (See Planters Development Bank Annual Report December 31, 2010). Loan underwriting standards should be tighter because a past due DOSRI loan reflects badly on the bank.    DOSRI Loans that fall past due are often:

1. Written off as soon as possible;
2. Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
3. Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due). 

As a result, Philippine Banks reported that Php 380.296 million, or 0.19% of its DOSRI Loans fell past due as of September 30, 2015.  Of the seventy-one banks with DOSRI Loans, fifty-six banks had zero past due DOSRI Loans.  Only one bank had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio as of September 30, 2015: Legazpi Savings Bank Inc with 75.76% of its DOSRI Loans past due.

Philippine Banking System
DOSRI Past Due as % of DOSRI
September 30, 2015
	DOSRI Past Due	DOSRI	DOSRI Past Due/DOSRI
Bank	(In PHP)	(In PHP)	(In %)
LEGAZPI SAVINGS BANK INC	47,655.89	62,899.64	75.76%
PHIL SAVINGS BANK	372,244,381.37	1,423,904,759.18	26.14%
DUMAGUETE CITY DEV BANK INC	2,600,000.00	40,760,514.87	6.38%
CTBC BANK (PHILIPPINES) CORP	361,600.74	20,669,218.89	1.75%
UNITED COCONUT PLANTERS BANK	2,018,747.16	252,441,420.76	0.80%
CHINA BANK SAVINGS INC	111,289.03	14,485,485.94	0.77%
PHIL BANK OF COMMUNICATIONS	184,975.54	25,608,687.91	0.72%
UNITED OVERSEAS BANK PHILIPPINES	36.00	8,114.32	0.44%
UCPB SAVINGS BANK	9,275.86	4,592,090.99	0.20%
RIZAL COMM'L BANKING CORP	1,076,201.69	1,491,089,314.09	0.07%
CITIBANK, N.A.	49,453.00	91,543,775.30	0.05%
BANK OF THE PHIL ISLANDS	796,408.81	15,514,907,340.23	0.01%
CHINA BANKING CORP	237,877.52	4,933,274,996.68	0.00%
PHIL NATIONAL BANK	240,392.66	7,557,819,907.49	0.00%
BDO UNIBANK INC	318,442.29	29,176,492,677.63	0.00%
ANZ BANKING GROUP LTD	0.00	34,328,899.03	0.00%
ASIA UNITED BANK CORPORATION	0.00	80,961,034.25	0.00%
BANK OF AMERICA N.A.	0.00	40,768,778.21	0.00%
BANK OF COMMERCE	0.00	4,818,891.03	0.00%
BANK OF MAKATI (A SAVINGS BANK) INC	0.00	593,507,773.29	0.00%
BPI DIRECT SAVINGS BANK INC	0.00	323,889.50	0.00%
BPI FAMILY SAVINGS BANK INC	0.00	30,841,738.11	0.00%
CENTURY SAVINGS BANK CORPORATION	0.00	29,655,287.49	0.00%
CITY SAVINGS BANK INC	0.00	30,669,935.50	0.00%
CITYSTATE SAVINGS BANK INC	0.00	327,048,225.14	0.00%
COMSAVINGS BANK	0.00	8,429,293.61	0.00%
CORDILLERA SAVINGS BANK INC	0.00	2,388,121.90	0.00%
DEVELOPMENT BANK OF THE PHIL	0.00	45,574,184,257.50	0.00%
EAST WEST BANKING CORP	0.00	9,731,655,416.60	0.00%
ENTERPRISE BANK INC (A THRIFT BANK)	0.00	17,338,607.64	0.00%
FARMERS SAVINGS & LOAN BANK INC	0.00	148,018.56	0.00%
FIRST CONSOLIDATED BANK INC (A PDB)	0.00	12,649,715.88	0.00%
HIYAS BANKING CORPORATION	0.00	22,339,193.20	0.00%
HONGKONG & SHANGHAI BANKING CORP	0.00	426,224,570.81	0.00%
HSBC SAVINGS BANK(PHILS) INC	0.00	57,293,684.46	0.00%
INTER-ASIA DEVELOPMENT BANK	0.00	17,662,390.93	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	827,630.80	0.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	38,440,205.91	0.00%
KOREA EXCHANGE BANK	0.00	433,900.00	0.00%
LAND BANK OF THE PHILIPPINES	0.00	71,244,465,724.20	0.00%
LIFE SAVINGS BANK INC	0.00	7,678,181.84	0.00%
LUZON DEVELOPMENT BANK	0.00	6,204,351.83	0.00%
MALASIQUI PROGRESSIVE SLB, INC	0.00	7,191,211.24	0.00%
MALAYAN BANK SAVINGS AND MORT BANK INC	0.00	118,698,388.62	0.00%
MARITIME SAVINGS BANK CORPORATION	0.00	983,045.00	0.00%
MAYBANK PHILIPPINES INC	0.00	24,700,000.00	0.00%
METROPOLITAN BANK & TCO	0.00	4,221,326,407.05	0.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	0.00	4,394,515.43	0.00%
PAMPANGA DEVELOPMENT BANK	0.00	35,022,599.49	0.00%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	0.00	123,497,920.71	0.00%
PHIL POSTAL SAVINGS BANK INC	0.00	74,650,798.85	0.00%
PHIL STAR DEVELOPMENT BANK INC	0.00	6,007,769.40	0.00%
PHIL TRUST COMPANY	0.00	1,418,000,000.00	0.00%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	0.00	1,231,721,529.14	0.00%
PHILIPPINE VETERANS BANK	0.00	36,853,042.40	0.00%
PLANTERS DEVELOPMENT BANK	0.00	116,715,567.81	0.00%
PRODUCERS SAVINGS BANK CORPORATION	0.00	101,074,953.17	0.00%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	0.00	268,548,493.36	0.00%
QUEZON COCONUT BANK INC (A THRIFT BANK)	0.00	1,220,576.55	0.00%
RCBC SAVINGS BANK INC	0.00	844,381.24	0.00%
ROBINSONS BANK CORPORATION	0.00	445,697,729.55	0.00%
SECURITY BANK CORP	0.00	877,147,263.50	0.00%
STANDARD CHARTERED BANK	0.00	17,209,308.18	0.00%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	0.00	143,848,195.67	0.00%
THE PALAWAN BANK (PALAWAN DB) INC	0.00	1,125,681.61	0.00%
TONGYANG SAVINGS BANK INC	0.00	1,228,250.13	0.00%
TOWER DEVELOPMENT BANK	0.00	5,475,351.56	0.00%
UNION BANK OF THE PHILS	0.00	494,463,055.16	0.00%
VILLAGE BANK INC (A THRIFT BANK)	0.00	46,286,597.73	0.00%
WEALTH DEVELOPMENT BANK CORPORATION	0.00	5,757,248.00	0.00%
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	59,000,000.00	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	0.00	NA
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	0.00	NA
BANGKOK BANK PUBLIC CO LTD	0.00	0.00	NA
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	0.00	NA
BANK ONE SAVINGS AND TRUST CORP.	0.00	0.00	NA
BATAAN DEVELOPMENT BANK	0.00	0.00	NA
BATAAN SAVINGS AND LOAN BANK	0.00	0.00	NA
BDO PRIVATE BANK, INC.	0.00	0.00	NA
BUSINESS AND CONSUMERS BANK (A DB)	0.00	0.00	NA
CARD SME BANK INC A THRIFT BANK	0.00	0.00	NA
DEUTSCHE BANK AG	0.00	0.00	NA
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	0.00	NA
EQUICOM SAVINGS BANK INC	0.00	0.00	NA
ING BANK N.V.	0.00	0.00	NA
LEMERY SAVINGS & LOAN BANK, INC.	0.00	0.00	NA
MEGA INT'L COMM'L BANK CO LTD	0.00	0.00	NA
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	0.00	NA
METRO CEBU PUBLIC SAVINGS BANK	0.00	0.00	NA
MIZUHO BANK LTD - MANILA BRANCH	0.00	0.00	NA
NORTHPOINT DEV'T BANK INC	0.00	0.00	NA
OPTIMUM DEVELOPMENT BANK INC	0.00	0.00	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS)	0.00	0.00	NA
PNB SAVINGS BANK	0.00	0.00	NA
PROGRESS SAVINGS AND LOAN BANK INC	0.00	0.00	NA
SAMPAGUITA SAVINGS BANK INC	0.00	0.00	NA
SECURITY BANK SAVINGS CORPORATION	0.00	0.00	NA
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	0.00	NA
SUN SAVINGS BANK INC	0.00	0.00	NA
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	0.00	NA
UNIVERSITY SAVINGS BANK INC	0.00	0.00	NA
Grand Total	380,296,737.56	198,777,638,801.69	0.19%

Source: www.bsp.gov.ph