An 80% Minimum NPL Coverage Ratio will Result in a Severe Undercapitalization of Some Philippine Banks - December 31, 2015

In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of December 31, 2015", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 2.26% as of December 31, 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 42 banks (highlighted in yellow, failed banks in red) fall into this deficiency.

Philippine Banking System NPL Coverage Ratio December 31, 2015 Bank Loan Loss Provisions Gross NPLs NPL Coverage Ratio COMSAVINGS BANK 19,724,008.81 124,154,088.77 15.89% METRO CEBU PUBLIC SAVINGS BANK 6,531,235.84 33,328,159.81 19.60% PROGRESS SAVINGS AND LOAN BANK INC 242,689.05 1,102,802.67 22.01% LUZON DEVELOPMENT BANK 105,724,528.33 465,963,002.07 22.69% PHIL STAR DEVELOPMENT BANK INC 6,454,022.91 22,292,920.67 28.95% UNITED OVERSEAS BANK PHILIPPINES 6,905,369.98 22,519,095.59 30.66% 1ST VALLEY BANK INC A DEVELOPMENT BANK 139,698,714.30 447,288,313.85 31.23% TOWER DEVELOPMENT BANK 7,244,319.21 22,519,095.59 32.17% MARITIME SAVINGS BANK CORPORATION 6,948,645.24 21,429,848.76 32.43% LIFE SAVINGS BANK INC 3,475,321.67 10,440,713.55 33.29% ENTERPRISE BANK INC (A THRIFT BANK) 55,353,813.66 162,793,960.21 34.00% CITYSTATE SAVINGS BANK INC 31,443,417.86 87,712,793.79 35.85% CENTURY SAVINGS BANK CORPORATION 13,586,035.87 37,352,904.08 36.37% EQUICOM SAVINGS BANK INC 214,542,480.36 581,436,111.35 36.90% PLANTERS DEVELOPMENT BANK 1,285,189,662.65 3,008,786,024.04 42.71% BUSINESS AND CONSUMERS BANK (A DB) 5,507,683.45 12,399,731.76 44.42% CHINA BANK SAVINGS INC 598,504,758.61 1,344,409,655.05 44.52% BATAAN DEVELOPMENT BANK 22,746,786.84 50,469,862.82 45.07% PRODUCERS SAVINGS BANK CORPORATION 133,647,531.72 285,328,808.37 46.84% BANK ONE SAVINGS AND TRUST CORP. 15,533,602.53 33,086,905.40 46.95% DUMAGUETE CITY DEV BANK INC 19,017,133.41 39,719,065.35 47.88% PAMPANGA DEVELOPMENT BANK 23,348,613.34 47,138,769.45 49.53% SUN SAVINGS BANK INC 11,552,765.30 22,519,095.59 51.30% INTER-ASIA DEVELOPMENT BANK 3,871,804.73 7,023,615.99 55.13% BANK OF MAKATI (A SAVINGS BANK) INC 1,326,852,324.76 2,400,400,159.25 55.28% EAST WEST BANKING CORP 3,963,823,039.61 7,131,526,803.80 55.58% MAYBANK PHILIPPINES INC 1,210,527,612.98 2,151,171,796.44 56.27% PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 83,507,577.71 146,949,069.01 56.83% NORTHPOINT DEV'T BANK INC 60,156,533.40 102,772,457.86 58.53% FARMERS SAVINGS & LOAN BANK INC 31,111,610.91 49,918,290.15 62.33% MALAYAN BANK SAVINGS AND MORT BANK INC 215,408,627.11 342,282,888.27 62.93% PHIL POSTAL SAVINGS BANK INC 300,435,936.63 462,011,415.77 65.03% RCBC SAVINGS BANK INC 1,757,012,545.11 2,534,077,126.32 69.34% AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 3,087,453.11 4,396,068.42 70.23% STANDARD CHARTERED BANK 1,757,174,558.25 2,494,964,777.72 70.43% LEMERY SAVINGS & LOAN BANK, INC. 2,481,978.31 3,493,496.26 71.05% MALASIQUI PROGRESSIVE SLB, INC 7,184,596.38 10,068,479.25 71.36% PNB SAVINGS BANK 395,631,846.53 527,679,432.71 74.98% THE PALAWAN BANK (PALAWAN DB) INC 17,233,742.06 22,519,095.59 76.53% VILLAGE BANK INC (A THRIFT BANK) 17,342,200.42 22,519,095.59 77.01% SAMPAGUITA SAVINGS BANK INC 17,591,087.34 22,519,095.59 78.12% PHILIPPINE VETERANS BANK 1,258,964,443.10 1,585,158,457.78 79.42% UNITED COCONUT PLANTERS BANK 4,457,676,512.04 5,384,830,679.52 82.78% MBANK PHILIPPINES (A THRIFT BANK) INC 40,752,474.66 48,998,587.50 83.17% PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 948,999,640.25 1,133,272,108.60 83.74% DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 22,432,583.33 26,629,508.90 84.24% CITY SAVINGS BANK INC 1,056,689,456.25 1,235,081,286.28 85.56% OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 41,572,669.75 48,429,367.11 85.84% LEGAZPI SAVINGS BANK INC 381,155,472.26 442,184,092.66 86.20% QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 19,171,204.16 21,961,557.01 87.29% FIRST CONSOLIDATED BANK INC (A PDB) 674,907,506.79 757,048,403.69 89.15% DEVELOPMENT BANK OF THE PHIL 5,915,200,068.36 6,610,033,570.26 89.49% PHIL BANK OF COMMUNICATIONS 1,903,538,312.55 2,069,016,935.20 92.00% QUEZON COCONUT BANK INC (A THRIFT BANK) 951,840.81 1,029,502.50 92.46% CORDILLERA SAVINGS BANK INC 13,015,675.60 14,010,173.80 92.90% PHIL SAVINGS BANK 4,102,552,057.27 4,397,573,100.68 93.29% ROBINSONS BANK CORPORATION 635,442,697.25 676,106,852.49 93.99% BPI FAMILY SAVINGS BANK INC 5,782,951,886.50 6,072,649,872.13 95.23% BPI DIRECT SAVINGS BANK INC 215,894,170.04 212,147,520.83 101.77% UNION BANK OF THE PHILS 8,941,934,059.34 8,484,078,177.00 105.40% OPTIMUM DEVELOPMENT BANK INC 42,386,660.52 40,145,568.50 105.58% PACIFIC ACE SAVINGS BANK INC 3,751,004.85 3,519,880.87 106.57% ASIA UNITED BANK CORPORATION 1,445,957,517.54 1,348,045,781.88 107.26% BANK OF COMMERCE 2,125,244,690.23 1,883,473,725.81 112.84% PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 791,707,545.03 700,932,401.36 112.95% HONGKONG & SHANGHAI BANKING CORP 1,157,828,240.60 1,006,960,615.03 114.98% BATAAN SAVINGS AND LOAN BANK 1,595,044.62 1,382,910.95 115.34% PHIL NATIONAL BANK 11,274,982,388.94 8,979,418,689.07 125.56% CTBC BANK (PHILIPPINES) CORP 471,656,967.67 355,322,184.41 132.74% CHINA BANKING CORP 6,733,946,305.72 4,998,611,550.82 134.72% BANK OF THE PHIL ISLANDS 13,024,961,598.42 8,088,920,117.06 161.02% RIZAL COMM'L BANKING CORP 3,558,034,678.49 2,200,004,235.43 161.73% MERCHANTS SAVINGS & LOAN ASSN INC 18,398,505.29 11,314,946.95 162.60% BANK OF CHINA LIMITED-MANILA BRANCH 314,512,349.92 189,040,895.91 166.37% CARD SME BANK INC A THRIFT BANK 56,894,463.93 33,820,537.59 168.22% HSBC SAVINGS BANK(PHILS) INC 106,642,109.67 63,178,946.54 168.79% LAND BANK OF THE PHILIPPINES 11,102,181,222.34 6,394,449,785.12 173.62% BDO UNIBANK INC 24,352,965,239.49 13,695,744,420.58 177.81% UNIVERSITY SAVINGS BANK INC 41,976,227.15 22,519,095.59 186.40% PHIL TRUST COMPANY 2,220,822,408.94 1,070,276,002.16 207.50% HIYAS BANKING CORPORATION 28,641,063.26 13,440,327.29 213.10% SECURITY BANK CORP 3,249,611,460.81 1,331,116,734.82 244.13% KOREA EXCHANGE BANK 59,721,674.36 23,550,189.24 253.59% WORLD PARTNERS BANK (A THRIFT BANK) 74,239,747.31 22,519,095.59 329.67% METROPOLITAN BANK & TCO 10,383,035,507.43 2,532,688,458.77 409.96% TONGYANG SAVINGS BANK INC 116,005,522.51 22,519,095.59 515.14% WEALTH DEVELOPMENT BANK CORPORATION 138,203,824.43 22,519,095.59 613.72% BANGKOK BANK PUBLIC CO LTD 305,490,250.00 48,610,175.73 628.45% CITIBANK, N.A. 5,612,001,467.50 837,044,060.26 670.45% ANZ BANKING GROUP LTD 203,831,230.38 23,339,114.85 873.35% UCPB SAVINGS BANK 541,268,197.21 22,519,095.59 2403.60% STERLING BANK OF ASIA INC (A SAVINGS BANK) 570,903,937.59 22,519,095.59 2535.20% JP MORGAN CHASE BANK NATIONAL ASSN. 20,000,000.00 734,885.22 2721.51% ING BANK N.V. 57,950,204.78 96.12 60289434.85% BANK OF AMERICA N.A. 27,700,000.00 4.00 692500000.00% BDO PRIVATE BANK, INC. 181,050,261.34 0.00 NA CATHAY UNITED BANK CO LTD - MANILA BRANCH 0.00 0.00 NA DEUTSCHE BANK AG 342,101,385.01 0.00 NA INDUSTRIAL BANK OF KOREA MANILA BRANCH 1,225,020.00 0.00 NA ISLA BANK(A THRIFT BANK) INC 4,290,580.33 0.00 NA MEGA INT'L COMM'L BANK CO LTD 225,184,675.94 0.00 NA MIZUHO BANK LTD - MANILA BRANCH 329,990,103.14 0.00 NA SHINHAN BANK - MANILA BRANCH 1,623,570.00 0.00 NA SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 521,103.52 0.00 NA THE BNK OF TOKYO-MITSUBISHI UFJ LTD 388,210,030.46 0.00 NA Grand Total 152,026,406,933.27 120,550,926,462.40 126.11%

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 seven banks will be severely affected:

Philippine Banking System
Impact on SE of Minimum Loan Loss Provisions
December 31, 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	124,154,088.77	99,323,271.02	2,124,886.63	17,599,122.18	19,724,008.81	-79,599,262.21	14,354,330.70	-554.53%
LUZON DEVELOPMENT BANK	465,963,002.07	372,770,401.66	25,312,470.85	80,412,057.48	105,724,528.33	-267,045,873.33	572,697,166.57	-46.63%
EQUICOM SAVINGS BANK INC	581,436,111.35	465,148,889.08	35,920,650.42	178,621,829.94	214,542,480.36	-250,606,408.72	603,618,876.13	-41.52%
METRO CEBU PUBLIC SAVINGS BANK	33,328,159.81	26,662,527.85	728,519.99	5,802,715.85	6,531,235.84	-20,131,292.01	53,298,391.58	-37.77%
PLANTERS DEVELOPMENT BANK	3,008,786,024.04	2,407,028,819.23	277,375,000.00	1,007,814,662.65	1,285,189,662.65	-1,121,839,156.58	3,184,481,331.93	-35.23%
ENTERPRISE BANK INC (A THRIFT BANK)	162,793,960.21	130,235,168.17	11,783,371.31	43,570,442.35	55,353,813.66	-74,881,354.51	246,335,593.41	-30.40%
BATAAN DEVELOPMENT BANK	50,469,862.82	40,375,890.26	811,483.88	21,935,302.96	22,746,786.84	-17,629,103.42	77,886,567.78	-22.63%
1ST VALLEY BANK INC A DEVELOPMENT BANK	447,288,313.85	357,830,651.08	51,634,427.73	88,064,286.57	139,698,714.30	-218,131,936.78	1,352,795,650.81	-16.12%
MARITIME SAVINGS BANK CORPORATION	21,429,848.76	17,143,879.01	1,123,238.69	5,825,406.55	6,948,645.24	-10,195,233.77	64,439,287.75	-15.82%
PHIL STAR DEVELOPMENT BANK INC	22,292,920.67	17,834,336.54	249,929.94	6,204,092.97	6,454,022.91	-11,380,313.63	85,980,532.55	-13.24%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,045,484,485.30	836,387,588.24	164,452,474.68	406,451,462.91	570,903,937.59	-265,483,650.65	2,251,018,253.70	-11.79%
PAMPANGA DEVELOPMENT BANK	47,138,769.45	37,711,015.56	2,074,767.44	21,273,845.90	23,348,613.34	-14,362,402.22	127,947,695.56	-11.23%
CHINA BANK SAVINGS INC	1,344,409,655.05	1,075,527,724.04	141,175,677.74	457,329,080.87	598,504,758.61	-477,022,965.43	4,360,468,878.15	-10.94%
BANK OF MAKATI (A SAVINGS BANK) INC	2,400,400,159.25	1,920,320,127.40	162,973,533.16	1,163,878,791.60	1,326,852,324.76	-593,467,802.64	6,169,826,293.68	-9.62%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	146,949,069.01	117,559,255.21	16,776,324.00	66,731,253.71	83,507,577.71	-34,051,677.50	357,813,950.54	-9.52%
FARMERS SAVINGS & LOAN BANK INC	49,918,290.15	39,934,632.12	2,479,975.98	28,631,634.93	31,111,610.91	-8,823,021.21	111,857,927.21	-7.89%
LIFE SAVINGS BANK INC	10,440,713.55	8,352,570.84	483,552.75	2,991,768.92	3,475,321.67	-4,877,249.17	64,124,743.35	-7.61%
NORTHPOINT DEV'T BANK INC	102,772,457.86	82,217,966.29	1,121,618.41	59,034,914.99	60,156,533.40	-22,061,432.89	315,619,166.13	-6.99%
PRODUCERS SAVINGS BANK CORPORATION	285,328,808.37	228,263,046.70	48,486,660.38	85,160,871.34	133,647,531.72	-94,615,514.98	1,454,645,137.95	-6.50%
PHIL POSTAL SAVINGS BANK INC	462,011,415.77	369,609,132.62	91,390,849.19	209,045,087.44	300,435,936.63	-69,173,195.99	1,080,638,237.99	-6.40%
CITYSTATE SAVINGS BANK INC	87,712,793.79	70,170,235.03	13,295,731.71	18,147,686.15	31,443,417.86	-38,726,817.17	613,653,633.38	-6.31%
MALAYAN BANK SAVINGS AND MORT BANK INC	342,282,888.27	273,826,310.62	31,357,016.58	184,051,610.53	215,408,627.11	-58,417,683.51	977,025,136.36	-5.98%
EAST WEST BANKING CORP	7,131,526,803.80	5,705,221,443.04	1,234,896,305.17	2,728,926,734.44	3,963,823,039.61	-1,741,398,403.43	30,297,400,514.06	-5.75%
DUMAGUETE CITY DEV BANK INC	39,719,065.35	31,775,252.28	3,665,047.39	15,352,086.02	19,017,133.41	-12,758,118.87	233,260,343.01	-5.47%
BUSINESS AND CONSUMERS BANK (A DB)	12,399,731.76	9,919,785.41	808,049.49	4,699,633.96	5,507,683.45	-4,412,101.96	86,171,880.35	-5.12%
MAYBANK PHILIPPINES INC	2,151,171,796.44	1,720,937,437.15	568,838,987.75	641,688,625.23	1,210,527,612.98	-510,409,824.17	11,660,737,237.14	-4.38%
STANDARD CHARTERED BANK	2,494,964,777.72	1,995,971,822.18	313,363,160.29	1,443,811,397.96	1,757,174,558.25	-238,797,263.93	6,542,901,485.58	-3.65%
INTER-ASIA DEVELOPMENT BANK	7,023,615.99	5,618,892.79	1,144,595.54	2,727,209.19	3,871,804.73	-1,747,088.06	58,038,047.36	-3.01%
RCBC SAVINGS BANK INC	2,534,077,126.32	2,027,261,701.06	449,885,716.32	1,307,126,828.79	1,757,012,545.11	-270,249,155.95	9,433,461,493.67	-2.86%
BANK ONE SAVINGS AND TRUST CORP.	33,086,905.40	26,469,524.32	4,448,609.20	11,084,993.33	15,533,602.53	-10,935,921.79	566,313,403.38	-1.93%
UCPB SAVINGS BANK	730,761,239.57	584,608,991.66	89,632,314.97	451,635,882.24	541,268,197.21	-43,340,794.45	2,369,200,096.80	-1.83%
CENTURY SAVINGS BANK CORPORATION	37,352,904.08	29,882,323.26	3,474,377.47	10,111,658.40	13,586,035.87	-16,296,287.39	945,698,562.76	-1.72%
MALASIQUI PROGRESSIVE SLB, INC	10,068,479.25	8,054,783.40	232,889.90	6,951,706.48	7,184,596.38	-870,187.02	53,905,158.84	-1.61%
SAMPAGUITA SAVINGS BANK INC	22,519,095.59	18,015,276.47	29,788.98	17,561,298.36	17,591,087.34	-424,189.13	50,440,248.10	-0.84%
PROGRESS SAVINGS AND LOAN BANK INC	1,102,802.67	882,242.14	0.00	242,689.05	242,689.05	-639,553.09	79,581,923.00	-0.80%
TOWER DEVELOPMENT BANK	9,758,001.50	7,806,401.20	3,428,971.74	3,815,347.47	7,244,319.21	-562,081.99	121,179,508.67	-0.46%
LEMERY SAVINGS & LOAN BANK, INC.	3,493,496.26	2,794,797.01	537,336.58	1,944,641.73	2,481,978.31	-312,818.70	76,552,736.44	-0.41%
PNB SAVINGS BANK	527,679,432.71	422,143,546.17	186,819,767.08	208,812,079.45	395,631,846.53	-26,511,699.64	11,227,304,868.99	-0.24%
PHILIPPINE VETERANS BANK	1,585,158,457.78	1,268,126,766.22	86,315,394.51	1,172,649,048.59	1,258,964,443.10	-9,162,323.12	4,586,483,649.12	-0.20%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4,396,068.42	3,516,854.74	1,665,002.19	1,422,450.92	3,087,453.11	-429,401.63	350,233,446.49	-0.12%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	0.00	0.00	0.00	0.00	0.00	0.00	2,126,668,534.24	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	0.00	521,103.52	0.00	521,103.52	521,103.52	12,878,271,431.75	0.00%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	0.00	0.00	1,225,020.00	1,225,020.00	1,225,020.00	2,170,723,845.28	0.06%
SHINHAN BANK - MANILA BRANCH	0.00	0.00	1,623,570.00	0.00	1,623,570.00	1,623,570.00	2,103,651,032.60	0.08%
VILLAGE BANK INC (A THRIFT BANK)	21,565,468.48	17,252,374.78	1,556,846.24	15,785,354.18	17,342,200.42	89,825.64	76,711,137.23	0.12%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,029,502.50	823,602.00	410,418.42	541,422.39	951,840.81	128,238.81	59,241,601.39	0.22%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	21,961,557.01	17,569,245.61	6,639,627.43	12,531,576.73	19,171,204.16	1,601,958.55	663,791,367.82	0.24%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,133,272,108.60	906,617,686.88	375,800,000.00	573,199,640.25	948,999,640.25	42,381,953.37	8,506,415,071.27	0.50%
UNITED OVERSEAS BANK PHILIPPINES	489,134.00	391,307.20	6,326,254.85	579,115.13	6,905,369.98	6,514,062.78	1,013,213,710.78	0.64%
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	662,816,886.24	0.65%
ROBINSONS BANK CORPORATION	676,106,852.49	540,885,481.99	241,792,936.69	393,649,760.56	635,442,697.25	94,557,215.26	11,871,128,223.97	0.80%
CITY SAVINGS BANK INC	1,235,081,286.28	988,065,029.02	506,178,017.05	550,511,439.20	1,056,689,456.25	68,624,427.23	8,569,924,286.17	0.80%
BATAAN SAVINGS AND LOAN BANK	1,382,910.95	1,106,328.76	475,323.57	1,119,721.05	1,595,044.62	488,715.86	58,963,858.31	0.83%
UNITED COCONUT PLANTERS BANK	5,384,830,679.52	4,307,864,543.62	1,416,394,240.40	3,041,282,271.64	4,457,676,512.04	149,811,968.42	17,569,627,240.59	0.85%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	26,629,508.90	21,303,607.12	853,221.03	21,579,362.30	22,432,583.33	1,128,976.21	99,238,416.13	1.14%
OPTIMUM DEVELOPMENT BANK INC	40,145,568.50	32,116,454.80	9,872,071.98	32,514,588.54	42,386,660.52	10,270,205.72	825,164,649.48	1.24%
PACIFIC ACE SAVINGS BANK INC	3,519,880.87	2,815,904.70	163,080.41	3,587,924.44	3,751,004.85	935,100.15	73,124,373.36	1.28%
BANK OF AMERICA N.A.	4.00	3.20	27,700,000.00	0.00	27,700,000.00	27,699,996.80	2,074,938,848.20	1.33%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	587,908.18	19,265,114.78	734,885.22	20,000,000.00	19,412,091.82	1,401,656,478.36	1.38%
CORDILLERA SAVINGS BANK INC	14,010,173.80	11,208,139.04	1,813,327.03	11,202,348.57	13,015,675.60	1,807,536.56	122,612,051.87	1.47%
SUN SAVINGS BANK INC	11,728,958.11	9,383,166.49	3,638,073.44	7,914,691.86	11,552,765.30	2,169,598.81	144,552,751.03	1.50%
MERCHANTS SAVINGS & LOAN ASSN INC	11,314,946.95	9,051,957.56	4,059,874.54	14,338,630.75	18,398,505.29	9,346,547.73	619,593,346.12	1.51%
DEVELOPMENT BANK OF THE PHIL	6,610,033,570.26	5,288,026,856.21	2,080,291,547.80	3,834,908,520.56	5,915,200,068.36	627,173,212.15	37,661,143,648.93	1.67%
ASIA UNITED BANK CORPORATION	1,348,045,781.88	1,078,436,625.50	904,655,066.97	541,302,450.57	1,445,957,517.54	367,520,892.04	19,602,284,685.06	1.87%
FIRST CONSOLIDATED BANK INC (A PDB)	757,048,403.69	605,638,722.95	146,082,110.18	528,825,396.61	674,907,506.79	69,268,783.84	3,283,692,026.22	2.11%
ING BANK N.V.	96.12	76.90	55,075,109.66	2,875,095.12	57,950,204.78	57,950,127.88	2,643,073,866.84	2.19%
TONGYANG SAVINGS BANK INC	115,864,158.09	92,691,326.47	2,517,115.53	113,488,406.98	116,005,522.51	23,314,196.04	991,348,210.41	2.35%
KOREA EXCHANGE BANK	23,550,189.24	18,840,151.39	22,492,463.69	37,229,210.67	59,721,674.36	40,881,522.97	1,650,276,581.39	2.48%
HONGKONG & SHANGHAI BANKING CORP	1,006,960,615.03	805,568,492.02	693,405,053.80	464,423,186.80	1,157,828,240.60	352,259,748.58	13,427,595,287.40	2.62%
CTBC BANK (PHILIPPINES) CORP	355,322,184.41	284,257,747.53	231,435,141.82	240,221,825.85	471,656,967.67	187,399,220.14	6,779,779,920.99	2.76%
PHIL BANK OF COMMUNICATIONS	2,069,016,935.20	1,655,213,548.16	291,133,053.32	1,612,405,259.23	1,903,538,312.55	248,324,764.39	8,931,372,790.48	2.78%
WORLD PARTNERS BANK (A THRIFT BANK)	89577030.51	71,661,624.41	2,153,214.36	72,086,532.95	74,239,747.31	2,578,122.90	88,050,307.71	2.93%
BPI DIRECT SAVINGS BANK INC	212,147,520.83	169,718,016.66	74,207,389.47	141,686,780.57	215,894,170.04	46,176,153.38	1,551,375,150.71	2.98%
WEALTH DEVELOPMENT BANK CORPORATION	157,419,585.34	125,935,668.27	32,755,406.48	105,448,417.95	138,203,824.43	12,268,156.16	402,206,774.22	3.05%
RIZAL COMM'L BANKING CORP	2,200,004,235.43	1,760,003,388.34	1,957,646,419.45	1,600,388,259.04	3,558,034,678.49	1,798,031,290.15	58,096,031,353.84	3.09%
HSBC SAVINGS BANK(PHILS) INC	63,178,946.54	50,543,157.23	92,610,048.33	14,032,061.34	106,642,109.67	56,098,952.44	1,779,893,083.96	3.15%
PHIL SAVINGS BANK	4,397,573,100.68	3,518,058,480.54	1,163,550,596.21	2,939,001,461.06	4,102,552,057.27	584,493,576.73	18,159,805,043.17	3.22%
MBANK PHILIPPINES (A THRIFT BANK) INC	48,998,587.50	39,198,870.00	0.00	40,752,474.66	40,752,474.66	1,553,604.66	47,908,360.13	3.24%
BDO PRIVATE BANK, INC.	0.00	0.00	181,050,261.34	0.00	181,050,261.34	181,050,261.34	5,574,006,771.00	3.25%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	48,429,367.11	38,743,493.69	1,432,924.44	40,139,745.31	41,572,669.75	2,829,176.06	82,822,327.01	3.42%
BPI FAMILY SAVINGS BANK INC	6,072,649,872.13	4,858,119,897.70	2,177,424,867.67	3,605,527,018.83	5,782,951,886.50	924,831,988.80	25,861,421,331.85	3.58%
UNION BANK OF THE PHILS	8,484,078,177.00	6,787,262,541.60	1,287,399,866.06	7,654,534,193.28	8,941,934,059.34	2,154,671,517.74	54,677,515,622.64	3.94%
BANK OF COMMERCE	1,883,473,725.81	1,506,778,980.65	307,377,808.29	1,817,866,881.94	2,125,244,690.23	618,465,709.58	15,372,861,790.21	4.02%
SECURITY BANK CORP	1,331,116,734.82	1,064,893,387.86	2,250,590,753.39	999,020,707.42	3,249,611,460.81	2,184,718,072.95	53,161,087,946.26	4.11%
PHIL NATIONAL BANK	8,979,418,689.07	7,183,534,951.26	3,138,857,350.11	8,136,125,038.83	11,274,982,388.94	4,091,447,437.68	94,336,018,948.68	4.34%
ANZ BANKING GROUP LTD	23,339,114.85	18,671,291.88	180,492,115.53	23,339,114.85	203,831,230.38	185,159,938.50	4,248,750,490.84	4.36%
METROPOLITAN BANK & TCO	2,532,688,458.77	2,026,150,767.02	6,650,732,368.98	3,732,303,138.45	10,383,035,507.43	8,356,884,740.41	186,856,957,826.21	4.47%
BANK OF THE PHIL ISLANDS	8,088,920,117.06	6,471,136,093.65	7,609,142,765.93	5,415,818,832.49	13,024,961,598.42	6,553,825,504.77	145,768,673,400.68	4.50%
CHINA BANKING CORP	4,998,611,550.82	3,998,889,240.66	3,558,383,725.99	3,175,562,579.73	6,733,946,305.72	2,735,057,065.06	54,136,237,856.50	5.05%
CARD SME BANK INC A THRIFT BANK	33,820,537.59	27,056,430.07	18,844,481.85	38,049,982.08	56,894,463.93	29,838,033.86	567,925,344.72	5.25%
PHIL TRUST COMPANY	1,070,276,002.16	856,220,801.73	172,399,510.02	2,048,422,898.92	2,220,822,408.94	1,364,601,607.21	23,597,260,991.96	5.78%
BANK OF CHINA LIMITED-MANILA BRANCH	189,040,895.91	151,232,716.73	118,835,888.34	195,676,461.58	314,512,349.92	163,279,633.19	2,560,466,878.29	6.38%
UNIVERSITY SAVINGS BANK INC	20,050,549.52	16,040,439.62	3,155,546.48	38,820,680.67	41,976,227.15	25,935,787.53	401,889,444.22	6.45%
BDO UNIBANK INC	13,695,744,420.58	10,956,595,536.46	13,378,731,323.27	10,974,233,916.22	24,352,965,239.49	13,396,369,703.03	198,636,323,310.40	6.74%
LAND BANK OF THE PHILIPPINES	6,394,449,785.12	5,115,559,828.10	5,500,000,000.00	5,602,181,222.34	11,102,181,222.34	5,986,621,394.24	79,988,395,125.48	7.48%
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	4,754,838,542.98	8.16%
BANGKOK BANK PUBLIC CO LTD	48,610,175.73	38,888,140.58	256,880,074.27	48,610,175.73	305,490,250.00	266,602,109.42	3,096,889,746.15	8.61%
MEGA INT'L COMM'L BANK CO LTD	0.00	0.00	139,431,683.12	85,752,992.82	225,184,675.94	225,184,675.94	2,008,657,672.41	11.21%
THE PALAWAN BANK (PALAWAN DB) INC	16,267,106.57	13,013,685.26	2,158,804.54	15,074,937.52	17,233,742.06	4,220,056.80	36,343,938.29	11.61%
MIZUHO BANK LTD - MANILA BRANCH	0.00	0.00	319,960,503.14	10,029,600.00	329,990,103.14	329,990,103.14	2,745,601,783.68	12.02%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	700,932,401.36	560,745,921.09	70,095,070.81	721,612,474.22	791,707,545.03	230,961,623.94	1,743,136,918.12	13.25%
HIYAS BANKING CORPORATION	13,440,327.29	10,752,261.83	2,385,717.63	26,255,345.63	28,641,063.26	17,888,801.43	124,212,797.56	14.40%
DEUTSCHE BANK AG	0.00	0.00	58,394,445.58	283,706,939.43	342,101,385.01	342,101,385.01	2,335,083,540.71	14.65%
LEGAZPI SAVINGS BANK INC	442,184,092.66	353,747,274.13	13,069,469.94	368,086,002.32	381,155,472.26	27,408,198.13	77,857,515.91	35.20%
CITIBANK, N.A.	837,044,060.26	669,635,248.21	3,648,371,936.96	1,963,629,530.54	5,612,001,467.50	4,942,366,219.29	12,482,611,322.60	39.59%
Grand Total	122,522,182,127.90	98,017,745,702.32	65,842,305,120.39	86,184,101,812.88	152,026,406,933.27	54,008,661,230.95	1,326,901,106,805.98	4.07%

Out of the seven banks highlighted in yellow, 6 banks have been regularly listed as one of the "The Top Distressed Philippine Banks as of December 31, 2015".

Comsavings Bank aka GSIS Family Savings Bank recently failed last May 13, 2015.  Its depositors lost around Php 188 million.  See previous blog post: BSP: GSIS Family Bank aka Comsavings Bank is Better Off Dead.  As of December 31, 2015, GSIS Family Savings Bank needed to recapitalize itself by more than 5 times 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 46.63% of its stated stockholder's equity of Php 572.697 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 35.23% of its stated stockholder's equity of Php 3.185 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".