Editor's Note: For the purposes of this article, Philippine Banks or the Philippine Banking System refers to the Philippine Commercial and Universal Banking System and the Philippine Thrift Banking System. We are ignoring the Philippine Rural and Cooperative Banking System whose asset base is tiny in comparison to the whole banking system (Php 202.522 billion or 1.66% of the Php 12,205.468 billion in assets held in the Philippine Banking System as of March 31, 2016).
In an April 9, 2012 article entitled "Stress Test Proves Strength of PH Banks", "Philippine banks are seen to survive a disaster in which the various lenders are forced to write off loans as large as PhP 36 billion without asking shareholders, the central bank, or the national government for bailout money." This assertion stems from a recent stress test conducted by the Bangko Sentral ng Pilipinas (BSP) on all 55 regular and commercial and expanded license banks.
For Philippine Banks, these NPLs currently comprise PhP 130.60 billion or 9.52% of the PhP 1,372.34 billion in Stockholders Equity (SE) as of March 31, 2016. So, writing off 50% of the Philippine Banks NPLs would reduce their aggregate stockholder's equity by a little less than 5%.
Naturally, some banks would be more affected than others. For more information regarding this, please read "The Top Distressed Philippine Banks as of March 31, 2016").
The stockholder's equity of two banks, Comsavings Bank aka GSIS Family Bank as well as Legazpi Savings Bank would be completely wiped out. Eleven other banks would be severely affected. These banks are:
- MBank Philippines (67.00% decline in SE)
- World Partners Bank (52.71% decline in SE)
- Equicom Savings Bank (51.68% decline in SE)
- Luzon Development Bank (48.81% decline in SE)
- Opportunity Kauswagan Bank Inc (38,69% decline in SE)
- Enterprise Bank Inc (37.51% decline in SE)
- Bataan Development Bank (34.78% decline in SE)
- Philippine Resources Savings Banking Corporation (33.83% decline in SE)
- Metro Cebu Public Savings Bank (33.00% decline in SE)
- Philippine Postal Savings Bank Inc (32.65% decline in SE)
- China Bank Savings Inc (32.07% decline in SE).
| Philippine Banking System | |||
| NPL as % of SE | |||
| March 31, 2016 | |||
| NPL | SE | NPL/SE | |
| Bank | (In PHP) | (In PHP) | (In %) |
| LEGAZPI SAVINGS BANK INC | 444,500,412.39 | 88,727,977.89 | 500.97% |
| MBANK PHILIPPINES (A THRIFT BANK) INC | 45,113,736.09 | 33,665,652.32 | 134.01% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 89,776,191.28 | 85,161,688.25 | 105.42% |
| EQUICOM SAVINGS BANK INC | 628,959,599.20 | 608,549,369.40 | 103.35% |
| LUZON DEVELOPMENT BANK | 502,440,093.82 | 514,702,802.08 | 97.62% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 54,900,327.72 | 70,948,851.24 | 77.38% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 202,762,328.37 | 270,279,168.77 | 75.02% |
| BATAAN DEVELOPMENT BANK | 52,217,092.82 | 75,058,838.36 | 69.57% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,207,149,863.21 | 1,784,275,725.57 | 67.65% |
| METRO CEBU PUBLIC SAVINGS BANK | 33,141,249.35 | 50,216,111.76 | 66.00% |
| PHIL POSTAL SAVINGS BANK INC | 717,752,551.68 | 1,099,051,703.05 | 65.31% |
| CHINA BANK SAVINGS INC | 4,549,219,978.08 | 7,091,924,010.19 | 64.15% |
| SAMPAGUITA SAVINGS BANK INC | 23,413,200.13 | 50,715,417.18 | 46.17% |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 1,087,159,493.74 | 2,357,568,666.67 | 46.11% |
| FARMERS SAVINGS & LOAN BANK INC | 50,080,709.46 | 114,600,549.38 | 43.70% |
| THE PALAWAN BANK (PALAWAN DB) INC | 16,583,546.90 | 38,246,352.47 | 43.36% |
| PAMPANGA DEVELOPMENT BANK | 51,534,369.70 | 127,741,654.42 | 40.34% |
| BANK OF MAKATI (A SAVINGS BANK) INC | 2,516,436,612.37 | 6,444,147,100.67 | 39.05% |
| WEALTH DEVELOPMENT BANK CORPORATION | 171,106,359.50 | 445,256,651.07 | 38.43% |
| UNITED COCONUT PLANTERS BANK | 6,836,778,610.02 | 19,119,359,922.50 | 35.76% |
| PHILIPPINE VETERANS BANK | 1,615,544,700.24 | 4,534,821,338.63 | 35.63% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 133,102,736.71 | 375,751,041.28 | 35.42% |
| UCPB SAVINGS BANK | 856,508,320.63 | 2,435,816,116.04 | 35.16% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 465,054,664.05 | 1,373,635,240.09 | 33.86% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 327,845,644.41 | 976,392,953.89 | 33.58% |
| STANDARD CHARTERED BANK | 2,278,638,352.86 | 6,909,522,224.07 | 32.98% |
| VILLAGE BANK INC (A THRIFT BANK) | 22,807,557.82 | 75,877,625.45 | 30.06% |
| RCBC SAVINGS BANK INC | 2,872,795,780.67 | 9,598,539,102.47 | 29.93% |
| MARITIME SAVINGS BANK CORPORATION | 18,967,928.16 | 63,824,827.96 | 29.72% |
| PRODUCERS SAVINGS BANK CORPORATION | 419,368,420.08 | 1,478,697,823.29 | 28.36% |
| NORTHPOINT DEV'T BANK INC | 94,096,190.02 | 331,785,905.65 | 28.36% |
| PHIL BANK OF COMMUNICATIONS | 2,378,811,531.66 | 8,793,670,836.11 | 27.05% |
| PHIL STAR DEVELOPMENT BANK INC | 22,292,920.67 | 86,119,650.31 | 25.89% |
| MAYBANK PHILIPPINES INC | 3,024,944,946.97 | 11,807,365,760.48 | 25.62% |
| PHIL SAVINGS BANK | 4,481,147,395.87 | 18,366,853,648.79 | 24.40% |
| EAST WEST BANKING CORP | 7,474,511,324.47 | 30,858,325,940.39 | 24.22% |
| BPI FAMILY SAVINGS BANK INC | 6,508,531,670.81 | 26,936,868,345.36 | 24.16% |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 24,430,246.08 | 104,169,237.96 | 23.45% |
| LIFE SAVINGS BANK INC | 14,471,347.63 | 63,975,738.30 | 22.62% |
| MALASIQUI PROGRESSIVE SLB, INC | 10,374,279.25 | 52,445,475.00 | 19.78% |
| CITYSTATE SAVINGS BANK INC | 104,173,490.42 | 601,847,752.96 | 17.31% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 568,716,866.32 | 3,443,176,463.62 | 16.52% |
| DEVELOPMENT BANK OF THE PHIL | 7,038,193,955.06 | 43,024,667,080.31 | 16.36% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,363,458,725.91 | 8,830,498,381.84 | 15.44% |
| UNION BANK OF THE PHILS | 8,360,973,754.06 | 54,330,880,740.92 | 15.39% |
| CITY SAVINGS BANK INC | 1,353,054,887.96 | 9,245,302,494.26 | 14.64% |
| BUSINESS AND CONSUMERS BANK (A DB) | 12,845,565.49 | 89,253,707.43 | 14.39% |
| CORDILLERA SAVINGS BANK INC | 17,515,169.24 | 125,664,192.35 | 13.94% |
| BPI DIRECT SAVINGS BANK INC | 207,822,985.12 | 1,623,265,064.67 | 12.80% |
| BANK OF COMMERCE | 1,887,090,295.63 | 15,809,033,366.75 | 11.94% |
| INTER-ASIA DEVELOPMENT BANK | 6,689,543.53 | 59,193,775.44 | 11.30% |
| TONGYANG SAVINGS BANK INC | 109,127,631.25 | 991,481,664.37 | 11.01% |
| DUMAGUETE CITY DEV BANK INC | 23,560,325.61 | 248,579,449.51 | 9.48% |
| PHIL NATIONAL BANK | 8,780,325,611.75 | 99,479,327,773.83 | 8.83% |
| ASIA UNITED BANK CORPORATION | 1,854,694,629.44 | 21,245,414,031.85 | 8.73% |
| CHINA BANKING CORP | 4,876,035,550.35 | 55,960,751,633.40 | 8.71% |
| HIYAS BANKING CORPORATION | 10,828,045.54 | 128,294,555.44 | 8.44% |
| LAND BANK OF THE PHILIPPINES | 7,511,786,605.02 | 90,116,747,091.57 | 8.34% |
| SUN SAVINGS BANK INC | 11,990,048.68 | 145,145,609.54 | 8.26% |
| CARD SME BANK INC A THRIFT BANK | 44,589,231.22 | 567,016,771.25 | 7.86% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 189,040,895.91 | 2,437,319,844.20 | 7.76% |
| BANK ONE SAVINGS AND TRUST CORP. | 43,637,518.34 | 567,850,432.04 | 7.68% |
| CTBC BANK (PHILIPPINES) CORP | 487,807,689.04 | 6,855,830,663.30 | 7.12% |
| BDO UNIBANK INC | 13,800,355,156.83 | 203,201,182,701.51 | 6.79% |
| HONGKONG & SHANGHAI BANKING CORP | 899,409,381.84 | 13,551,734,365.55 | 6.64% |
| CITIBANK, N.A. | 837,642,102.38 | 12,864,767,782.19 | 6.51% |
| ROBINSONS BANK CORPORATION | 774,220,614.92 | 12,191,054,863.65 | 6.35% |
| TOWER DEVELOPMENT BANK | 7,264,450.04 | 122,222,136.06 | 5.94% |
| BANK OF THE PHIL ISLANDS | 8,475,648,800.89 | 151,023,839,498.91 | 5.61% |
| PNB SAVINGS BANK | 609,706,180.38 | 11,320,014,373.54 | 5.39% |
| PACIFIC ACE SAVINGS BANK INC | 3,782,186.69 | 71,584,754.64 | 5.28% |
| OPTIMUM DEVELOPMENT BANK INC | 42,853,861.64 | 833,155,770.67 | 5.14% |
| LEMERY SAVINGS & LOAN BANK, INC. | 3,881,258.69 | 77,506,760.30 | 5.01% |
| UNIVERSITY SAVINGS BANK INC | 20,050,548.52 | 406,328,237.04 | 4.93% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 31,084,409.26 | 657,985,985.94 | 4.72% |
| PHIL TRUST COMPANY | 1,067,922,361.62 | 25,726,639,032.81 | 4.15% |
| CENTURY SAVINGS BANK CORPORATION | 36,700,532.80 | 952,912,227.68 | 3.85% |
| RIZAL COMM'L BANKING CORP | 2,003,401,017.35 | 59,798,545,561.99 | 3.35% |
| SECURITY BANK CORP | 1,739,821,626.09 | 56,018,676,065.05 | 3.11% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 13,753,722.97 | 612,310,392.33 | 2.25% |
| BATAAN SAVINGS AND LOAN BANK | 1,309,539.09 | 58,434,273.10 | 2.24% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 6,746,068.42 | 338,395,167.59 | 1.99% |
| BANGKOK BANK PUBLIC CO LTD | 48,559,050.66 | 3,114,101,932.72 | 1.56% |
| METROPOLITAN BANK & TCO | 2,819,089,112.47 | 185,480,722,434.16 | 1.52% |
| KEB HANA BANK - MANILA BRANCH | 23,200,185.28 | 1,544,779,131.02 | 1.50% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 850,456.50 | 59,144,095.32 | 1.44% |
| MEGA INT'L COMM'L BANK CO LTD | 19,685,472.23 | 1,839,767,602.61 | 1.07% |
| ANZ BANKING GROUP LTD | 1,408,950.67 | 4,457,320,208.83 | 0.03% |
| ING BANK N.V. | 94.14 | 2,479,962,564.12 | 0.00% |
| BANK OF AMERICA N.A. | 0.00 | 2,091,322,952.20 | 0.00% |
| BDO PRIVATE BANK, INC. | 0.00 | 5,932,232,786.68 | 0.00% |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | 0.00 | 2,126,668,534.24 | 0.00% |
| DEUTSCHE BANK AG | 0.00 | 2,630,126,392.10 | 0.00% |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | 0.00 | 2,156,117,685.21 | 0.00% |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 660,909,436.92 | 0.00% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 0.00 | 1,426,488,603.82 | 0.00% |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 2,700,776,216.74 | 0.00% |
| SHINHAN BANK - MANILA BRANCH | 0.00 | 2,193,246,819.78 | 0.00% |
| SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH | 0.00 | 13,001,849,261.07 | 0.00% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 4,579,210,136.29 | 0.00% |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | 0.00 | 2,428,842,478.45 | 0.00% |
| COMSAVINGS BANK | 123,954,903.23 | -14,871,098.93 | -833.53% |
| Grand Total | 130,601,533,351.38 | 1,372,337,207,709.51 | 9.52% |
Are NPLs the Right Numbers to Look At?
In a financial crisis, a loan that is current can very well become past due, and a past due loan can become a non-performing loan, and a non-performing loan can become a loan write-off. The real number to look at are the loans that the banks and BSP already consider doubtful: Classified Loans.
Investopedia.com defines "Classified Loans" as:
"Any bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, and it is unclear whether the bank will be able to recoup the loan proceeds from the borrower. Banks usually categorize such loans as adversely classified assets on their books."
The US Federal Deposit Insurance Corporation (FDIC), similar to our very own Philippine Deposit Insurance Corporation (PDIC), defines Classified Loans as:
"Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future."
In a financial crisis, a loan that is current can very well become past due, and a past due loan can become a non-performing loan, and a non-performing loan can become a loan write-off. The real number to look at are the loans that the banks and BSP already consider doubtful: Classified Loans.
Investopedia.com defines "Classified Loans" as:
"Any bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, and it is unclear whether the bank will be able to recoup the loan proceeds from the borrower. Banks usually categorize such loans as adversely classified assets on their books."
The US Federal Deposit Insurance Corporation (FDIC), similar to our very own Philippine Deposit Insurance Corporation (PDIC), defines Classified Loans as:
"Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future."
In Circular #0247 dated May 19, 2000, BSP defines Classified Loans as loans which possess the following characteristics:
- Loans especially mentioned because they have potential weaknesses that deserve Management's close attention;
- Substandard Loans are loans which appear to involve a substantial and unreasonable degree of risk to the institution because of unfavorable record or unsatisfactory characteristics;
- Doubtful Loans are Substandard Loans with the added characteristics that existing facts, conditions, and values make collection or liquidation in full highly improbable and in which substantial loss is probable;
- Loss loans are loans that are considered uncollectible or worthless and are of such little value that their continuance as bankable assets is not warranted although the loans may have some recovery or salvage value.
- Loans Especially Mentioned: 5%
- Substandard - Secured: 6% - 25%
- Substandard - Unsecured: 25%
- Doubtful: 50%
- Loss: 100%
| Philippine Banking System | |||
| Classified Loans vs. NPLs | |||
| March 31, 2016 | |||
| Classified Loans | NPL | Classified Loans/NPL | |
| Bank | (In PHP) | (In PHP) | (In %) |
| ING BANK N.V. | 50,000,000.00 | 94.14 | 53112385.81% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 10,414,138,971.59 | 189,040,895.91 | 5508.93% |
| MEGA INT'L COMM'L BANK CO LTD | 1,037,763,474.00 | 19,685,472.23 | 5271.72% |
| INTER-ASIA DEVELOPMENT BANK | 177,856,697.55 | 6,689,543.53 | 2658.73% |
| VILLAGE BANK INC (A THRIFT BANK) | 587,562,440.70 | 22,807,557.82 | 2576.17% |
| KEB HANA BANK - MANILA BRANCH | 465,554,562.05 | 23,200,185.28 | 2006.68% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 13,648,456.11 | 850,456.50 | 1604.84% |
| DUMAGUETE CITY DEV BANK INC | 276,517,000.00 | 23,560,325.61 | 1173.66% |
| COMSAVINGS BANK | 1,275,879,789.57 | 123,954,903.23 | 1029.31% |
| TOWER DEVELOPMENT BANK | 70,154,289.85 | 7,264,450.04 | 965.72% |
| CITIBANK, N.A. | 8,031,133,000.00 | 837,642,102.38 | 958.78% |
| CENTURY SAVINGS BANK CORPORATION | 274,293,052.42 | 36,700,532.80 | 747.38% |
| BANK OF COMMERCE | 11,975,351,676.18 | 1,887,090,295.63 | 634.59% |
| TONGYANG SAVINGS BANK INC | 675,511,598.53 | 109,127,631.25 | 619.01% |
| METROPOLITAN BANK & TCO | 17,065,527,468.74 | 2,819,089,112.47 | 605.36% |
| PHIL TRUST COMPANY | 6,213,000,000.00 | 1,067,922,361.62 | 581.78% |
| BANK ONE SAVINGS AND TRUST CORP. | 227,575,064.92 | 43,637,518.34 | 521.51% |
| SECURITY BANK CORP | 9,018,000,000.00 | 1,739,821,626.09 | 518.33% |
| UNIVERSITY SAVINGS BANK INC | 102,395,446.55 | 20,050,548.52 | 510.69% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 154,986,737.73 | 31,084,409.26 | 498.60% |
| OPTIMUM DEVELOPMENT BANK INC | 187,145,413.87 | 42,853,861.64 | 436.71% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 1,346,590,229.07 | 327,845,644.41 | 410.74% |
| PHIL NATIONAL BANK | 32,974,338,063.13 | 8,780,325,611.75 | 375.55% |
| RIZAL COMM'L BANKING CORP | 7,502,016,567.86 | 2,003,401,017.35 | 374.46% |
| BDO UNIBANK INC | 51,178,121,800.96 | 13,800,355,156.83 | 370.85% |
| UNITED COCONUT PLANTERS BANK | 21,487,165,524.83 | 6,836,778,610.02 | 314.29% |
| UCPB SAVINGS BANK | 2,667,511,000.00 | 856,508,320.63 | 311.44% |
| PHIL SAVINGS BANK | 12,787,389,798.55 | 4,481,147,395.87 | 285.36% |
| CHINA BANKING CORP | 12,773,356,214.72 | 4,876,035,550.35 | 261.96% |
| PHIL STAR DEVELOPMENT BANK INC | 58,227,417.25 | 22,292,920.67 | 261.19% |
| UNION BANK OF THE PHILS | 21,768,449,343.42 | 8,360,973,754.06 | 260.36% |
| CORDILLERA SAVINGS BANK INC | 43,909,274.86 | 17,515,169.24 | 250.69% |
| LAND BANK OF THE PHILIPPINES | 18,306,896,678.48 | 7,511,786,605.02 | 243.71% |
| RCBC SAVINGS BANK INC | 6,940,955,925.00 | 2,872,795,780.67 | 241.61% |
| PHILIPPINE VETERANS BANK | 3,707,509,011.00 | 1,615,544,700.24 | 229.49% |
| ASIA UNITED BANK CORPORATION | 3,948,706,317.94 | 1,854,694,629.44 | 212.90% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 14,086,000.00 | 6,746,068.42 | 208.80% |
| LEGAZPI SAVINGS BANK INC | 883,980,000.00 | 444,500,412.39 | 198.87% |
| ROBINSONS BANK CORPORATION | 1,526,179,000.00 | 774,220,614.92 | 197.12% |
| BATAAN DEVELOPMENT BANK | 102,400,000.00 | 52,217,092.82 | 196.10% |
| PRODUCERS SAVINGS BANK CORPORATION | 774,891,124.32 | 419,368,420.08 | 184.78% |
| BANK OF THE PHIL ISLANDS | 15,628,382,994.83 | 8,475,648,800.89 | 184.39% |
| METRO CEBU PUBLIC SAVINGS BANK | 60,820,791.86 | 33,141,249.35 | 183.52% |
| LIFE SAVINGS BANK INC | 25,525,783.64 | 14,471,347.63 | 176.39% |
| MAYBANK PHILIPPINES INC | 5,120,644,854.36 | 3,024,944,946.97 | 169.28% |
| CHINA BANK SAVINGS INC | 7,580,530,004.70 | 4,549,219,978.08 | 166.63% |
| FARMERS SAVINGS & LOAN BANK INC | 81,914,422.12 | 50,080,709.46 | 163.56% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 898,321,496.71 | 568,716,866.32 | 157.96% |
| MARITIME SAVINGS BANK CORPORATION | 29,564,096.26 | 18,967,928.16 | 155.86% |
| BPI FAMILY SAVINGS BANK INC | 9,961,139,239.75 | 6,508,531,670.81 | 153.05% |
| STANDARD CHARTERED BANK | 3,382,338,008.27 | 2,278,638,352.86 | 148.44% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 132,873,581.16 | 89,776,191.28 | 148.01% |
| HONGKONG & SHANGHAI BANKING CORP | 1,292,969,392.77 | 899,409,381.84 | 143.76% |
| PHIL POSTAL SAVINGS BANK INC | 1,024,767,250.65 | 717,752,551.68 | 142.77% |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 34,649,773.67 | 24,430,246.08 | 141.83% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,682,857,632.26 | 1,207,149,863.21 | 139.41% |
| BANK OF MAKATI (A SAVINGS BANK) INC | 3,502,646,259.55 | 2,516,436,612.37 | 139.19% |
| DEVELOPMENT BANK OF THE PHIL | 9,751,931,038.73 | 7,038,193,955.06 | 138.56% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 171,778,130.74 | 133,102,736.71 | 129.06% |
| BPI DIRECT SAVINGS BANK INC | 264,298,612.72 | 207,822,985.12 | 127.17% |
| CTBC BANK (PHILIPPINES) CORP | 598,186,229.33 | 487,807,689.04 | 122.63% |
| WEALTH DEVELOPMENT BANK CORPORATION | 209,352,843.02 | 171,106,359.50 | 122.35% |
| EQUICOM SAVINGS BANK INC | 762,130,243.96 | 628,959,599.20 | 121.17% |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 1,313,560,000.00 | 1,087,159,493.74 | 120.82% |
| CITY SAVINGS BANK INC | 1,622,760,647.24 | 1,353,054,887.96 | 119.93% |
| LUZON DEVELOPMENT BANK | 602,376,075.82 | 502,440,093.82 | 119.89% |
| PNB SAVINGS BANK | 724,541,204.70 | 609,706,180.38 | 118.83% |
| EAST WEST BANKING CORP | 8,692,840,178.42 | 7,474,511,324.47 | 116.30% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,455,126,000.00 | 1,363,458,725.91 | 106.72% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 491,040,548.30 | 465,054,664.05 | 105.59% |
| SAMPAGUITA SAVINGS BANK INC | 24,172,441.22 | 23,413,200.13 | 103.24% |
| SUN SAVINGS BANK INC | 12,136,012.75 | 11,990,048.68 | 101.22% |
| LEMERY SAVINGS & LOAN BANK, INC. | 3,885,391.25 | 3,881,258.69 | 100.11% |
| BANGKOK BANK PUBLIC CO LTD | 48,559,050.66 | 48,559,050.66 | 100.00% |
| BATAAN SAVINGS AND LOAN BANK | 1,309,539.09 | 1,309,539.09 | 100.00% |
| HIYAS BANKING CORPORATION | 10,828,045.54 | 10,828,045.54 | 100.00% |
| MALASIQUI PROGRESSIVE SLB, INC | 10,374,279.25 | 10,374,279.25 | 100.00% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 54,900,327.72 | 54,900,327.72 | 100.00% |
| PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 51,534,369.70 | 91.97% |
| ANZ BANKING GROUP LTD | 141,916.70 | 1,408,950.67 | 10.07% |
| PHIL BANK OF COMMUNICATIONS | 226,909,091.24 | 2,378,811,531.66 | 9.54% |
| BUSINESS AND CONSUMERS BANK (A DB) | 0.00 | 12,845,565.49 | 0.00% |
| CARD SME BANK INC A THRIFT BANK | 0.00 | 44,589,231.22 | 0.00% |
| CITYSTATE SAVINGS BANK INC | 0.00 | 104,173,490.42 | 0.00% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 0.00 | 202,762,328.37 | 0.00% |
| MBANK PHILIPPINES (A THRIFT BANK) INC | 0.00 | 45,113,736.09 | 0.00% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 13,753,722.97 | 0.00% |
| NORTHPOINT DEV'T BANK INC | 0.00 | 94,096,190.02 | 0.00% |
| PACIFIC ACE SAVINGS BANK INC | 0.00 | 3,782,186.69 | 0.00% |
| THE PALAWAN BANK (PALAWAN DB) INC | 0.00 | 16,583,546.90 | 0.00% |
| BANK OF AMERICA N.A. | 5,514,000.00 | 0.00 | NA |
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | NA |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | 0.00 | 0.00 | NA |
| DEUTSCHE BANK AG | 0.00 | 0.00 | NA |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | 0.00 | 0.00 | NA |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | NA |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 0.00 | 0.00 | NA |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 0.00 | NA |
| SHINHAN BANK - MANILA BRANCH | 0.00 | 0.00 | NA |
| SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH | 0.00 | 0.00 | NA |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 172,113,060.00 | 0.00 | NA |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | 0.00 | 0.00 | NA |
| Grand Total | 346,804,779,258.34 | 130,601,533,351.38 | 265.54% |
This level of classified loans should be measured against the bank's "capital cushion" or its ability to absorb losses. Capital Cushion is normally defined as a bank's "Tangible Common Equity" plus its Loan Loss Reserves. Tangible Common Equity (TCE) refers to the subset of shareholders' equity that is not preferred equity and not intangible assets. So it excludes such items as Hybrid equity (like preferred shares) and goodwill.
By this measure, the level of "Classified Loans and other Risky Assets" amounts to Php 346.80 billion or 23.52% of the Php 1.47 trillion in Total Capital Cushion of Philippine Banks as of March 31, 2016.
| Philippine Banking System | |||
| Classified Loans as % of Total Capital Cushion | |||
| March 31, 2016 | |||
| Classified Loans | Total Capital Cushion | Classified Loans/Total Capital Cushion | |
| Bank | (In Php) | (In Php) | (In %) |
| VILLAGE BANK INC (A THRIFT BANK) | 587,562,440.70 | 98,507,042.82 | 596.47% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 10,414,138,971.59 | 2,637,248,827.89 | 394.89% |
| INTER-ASIA DEVELOPMENT BANK | 177,856,697.55 | 60,032,404.14 | 296.27% |
| LEGAZPI SAVINGS BANK INC | 883,980,000.00 | 463,291,228.55 | 190.80% |
| UNITED COCONUT PLANTERS BANK | 21,487,165,524.83 | 11,439,141,113.48 | 187.84% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 1,346,590,229.07 | 1,214,212,954.20 | 110.90% |
| DUMAGUETE CITY DEV BANK INC | 276,517,000.00 | 255,768,439.33 | 108.11% |
| BATAAN DEVELOPMENT BANK | 102,400,000.00 | 97,245,069.83 | 105.30% |
| METRO CEBU PUBLIC SAVINGS BANK | 60,820,791.86 | 58,826,562.87 | 103.39% |
| CHINA BANK SAVINGS INC | 7,580,530,004.70 | 7,519,966,463.26 | 100.81% |
| UCPB SAVINGS BANK | 2,667,511,000.00 | 2,907,230,864.97 | 91.75% |
| EQUICOM SAVINGS BANK INC | 762,130,243.96 | 842,893,942.69 | 90.42% |
| LUZON DEVELOPMENT BANK | 602,376,075.82 | 685,550,251.87 | 87.87% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 132,873,581.16 | 168,274,099.33 | 78.96% |
| PHIL POSTAL SAVINGS BANK INC | 1,024,767,250.65 | 1,410,066,382.25 | 72.68% |
| BANK OF COMMERCE | 11,975,351,676.18 | 17,985,142,588.14 | 66.58% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,682,857,632.26 | 2,596,821,578.83 | 64.80% |
| PHIL STAR DEVELOPMENT BANK INC | 58,227,417.25 | 92,434,555.46 | 62.99% |
| TONGYANG SAVINGS BANK INC | 675,511,598.53 | 1,107,771,339.51 | 60.98% |
| RCBC SAVINGS BANK INC | 6,940,955,925.00 | 11,499,615,156.28 | 60.36% |
| FARMERS SAVINGS & LOAN BANK INC | 81,914,422.12 | 137,146,990.50 | 59.73% |
| PHIL SAVINGS BANK | 12,787,389,798.55 | 22,552,935,938.63 | 56.70% |
| TOWER DEVELOPMENT BANK | 70,154,289.85 | 124,004,653.02 | 56.57% |
| PHILIPPINE VETERANS BANK | 3,707,509,011.00 | 6,763,526,833.49 | 54.82% |
| MEGA INT'L COMM'L BANK CO LTD | 1,037,763,474.00 | 2,050,493,141.75 | 50.61% |
| PRODUCERS SAVINGS BANK CORPORATION | 774,891,124.32 | 1,609,221,462.65 | 48.15% |
| BANK OF MAKATI (A SAVINGS BANK) INC | 3,502,646,259.55 | 7,598,917,740.36 | 46.09% |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 1,313,560,000.00 | 3,023,241,697.66 | 43.45% |
| CITIBANK, N.A. | 8,031,133,000.00 | 18,815,440,078.22 | 42.68% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 54,900,327.72 | 131,520,320.47 | 41.74% |
| MARITIME SAVINGS BANK CORPORATION | 29,564,096.26 | 71,452,966.96 | 41.38% |
| STANDARD CHARTERED BANK | 3,382,338,008.27 | 8,469,910,127.39 | 39.93% |
| BANK ONE SAVINGS AND TRUST CORP. | 227,575,064.92 | 580,310,341.81 | 39.22% |
| MAYBANK PHILIPPINES INC | 5,120,644,854.36 | 13,103,838,803.52 | 39.08% |
| LIFE SAVINGS BANK INC | 25,525,783.64 | 66,684,654.29 | 38.28% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 171,778,130.74 | 461,105,119.53 | 37.25% |
| UNIVERSITY SAVINGS BANK INC | 102,395,446.55 | 278,479,412.43 | 36.77% |
| WEALTH DEVELOPMENT BANK CORPORATION | 209,352,843.02 | 570,777,756.23 | 36.68% |
| SAMPAGUITA SAVINGS BANK INC | 24,172,441.22 | 68,425,553.24 | 35.33% |
| UNION BANK OF THE PHILS | 21,768,449,343.42 | 62,541,287,544.73 | 34.81% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 491,040,548.30 | 1,518,304,266.04 | 32.34% |
| CORDILLERA SAVINGS BANK INC | 43,909,274.86 | 135,877,169.29 | 32.32% |
| PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 152,566,308.90 | 31.06% |
| BPI FAMILY SAVINGS BANK INC | 9,961,139,239.75 | 32,418,741,544.47 | 30.73% |
| PHIL NATIONAL BANK | 32,974,338,063.13 | 111,433,512,301.44 | 29.59% |
| KEB HANA BANK - MANILA BRANCH | 465,554,562.05 | 1,591,275,068.01 | 29.26% |
| CENTURY SAVINGS BANK CORPORATION | 274,293,052.42 | 945,122,321.12 | 29.02% |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 34,649,773.67 | 120,654,187.18 | 28.72% |
| PHIL TRUST COMPANY | 6,213,000,000.00 | 22,140,137,119.78 | 28.06% |
| EAST WEST BANKING CORP | 8,692,840,178.42 | 34,556,329,608.49 | 25.16% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 13,648,456.11 | 59,748,536.65 | 22.84% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 154,986,737.73 | 679,763,457.26 | 22.80% |
| BDO UNIBANK INC | 51,178,121,800.96 | 225,065,335,381.45 | 22.74% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 898,321,496.71 | 3,969,050,008.70 | 22.63% |
| LAND BANK OF THE PHILIPPINES | 18,306,896,678.48 | 83,092,202,003.50 | 22.03% |
| OPTIMUM DEVELOPMENT BANK INC | 187,145,413.87 | 880,105,707.82 | 21.26% |
| CHINA BANKING CORP | 12,773,356,214.72 | 60,890,825,809.74 | 20.98% |
| DEVELOPMENT BANK OF THE PHIL | 9,751,931,038.73 | 47,829,847,714.16 | 20.39% |
| MALASIQUI PROGRESSIVE SLB, INC | 10,374,279.25 | 60,163,130.22 | 17.24% |
| CITY SAVINGS BANK INC | 1,622,760,647.24 | 9,849,238,582.72 | 16.48% |
| ASIA UNITED BANK CORPORATION | 3,948,706,317.94 | 24,498,034,281.18 | 16.12% |
| SECURITY BANK CORP | 9,018,000,000.00 | 56,389,511,785.51 | 15.99% |
| BPI DIRECT SAVINGS BANK INC | 264,298,612.72 | 1,767,367,348.65 | 14.95% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,455,126,000.00 | 10,119,864,670.84 | 14.38% |
| RIZAL COMM'L BANKING CORP | 7,502,016,567.86 | 62,075,375,611.04 | 12.09% |
| ROBINSONS BANK CORPORATION | 1,526,179,000.00 | 13,235,033,140.18 | 11.53% |
| BANK OF THE PHIL ISLANDS | 15,628,382,994.83 | 165,112,221,408.81 | 9.47% |
| HONGKONG & SHANGHAI BANKING CORP | 1,292,969,392.77 | 14,275,144,798.63 | 9.06% |
| METROPOLITAN BANK & TCO | 17,065,527,468.74 | 192,938,454,807.54 | 8.85% |
| CTBC BANK (PHILIPPINES) CORP | 598,186,229.33 | 7,312,126,427.42 | 8.18% |
| SUN SAVINGS BANK INC | 12,136,012.75 | 156,978,445.63 | 7.73% |
| HIYAS BANKING CORPORATION | 10,828,045.54 | 152,831,795.84 | 7.08% |
| PNB SAVINGS BANK | 724,541,204.70 | 11,659,679,103.56 | 6.21% |
| LEMERY SAVINGS & LOAN BANK, INC. | 3,885,391.25 | 79,634,508.49 | 4.88% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 14,086,000.00 | 353,499,879.17 | 3.98% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 172,113,060.00 | 4,967,420,166.75 | 3.46% |
| PHIL BANK OF COMMUNICATIONS | 226,909,091.24 | 9,300,905,286.99 | 2.44% |
| BATAAN SAVINGS AND LOAN BANK | 1,309,539.09 | 60,558,902.93 | 2.16% |
| ING BANK N.V. | 50,000,000.00 | 2,568,995,906.81 | 1.95% |
| BANGKOK BANK PUBLIC CO LTD | 48,559,050.66 | 3,398,086,552.00 | 1.43% |
| BANK OF AMERICA N.A. | 5,514,000.00 | 2,123,761,205.20 | 0.26% |
| ANZ BANKING GROUP LTD | 141,916.70 | 4,433,712,765.32 | 0.00% |
| BDO PRIVATE BANK, INC. | 0.00 | 5,862,943,892.90 | 0.00% |
| BUSINESS AND CONSUMERS BANK (A DB) | 0.00 | 91,572,162.10 | 0.00% |
| CARD SME BANK INC A THRIFT BANK | 0.00 | 631,175,921.44 | 0.00% |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | 0.00 | 2,128,098,534.24 | 0.00% |
| CITYSTATE SAVINGS BANK INC | 0.00 | 636,511,873.72 | 0.00% |
| DEUTSCHE BANK AG | 0.00 | 2,154,215,007.36 | 0.00% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 0.00 | 318,128,721.32 | 0.00% |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | 0.00 | 2,172,443,222.95 | 0.00% |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 667,107,466.57 | 0.00% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 0.00 | 1,406,989,114.78 | 0.00% |
| MBANK PHILIPPINES (A THRIFT BANK) INC | 0.00 | 88,280,987.00 | 0.00% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 618,665,112.34 | 0.00% |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 3,029,989,699.43 | 0.00% |
| NORTHPOINT DEV'T BANK INC | 0.00 | 404,094,479.06 | 0.00% |
| PACIFIC ACE SAVINGS BANK INC | 0.00 | 73,469,448.40 | 0.00% |
| SHINHAN BANK - MANILA BRANCH | 0.00 | 2,201,746,715.00 | 0.00% |
| SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH | 0.00 | 13,016,591,938.93 | 0.00% |
| THE PALAWAN BANK (PALAWAN DB) INC | 0.00 | 51,604,859.32 | 0.00% |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | 0.00 | 2,406,290,644.55 | 0.00% |
| COMSAVINGS BANK | 1,275,879,789.57 | -64,278,097.71 | -1984.94% |
| Grand Total | 346,804,779,258.34 | 1,474,422,402,731.71 | 23.52% |
Stress Test Scenarios
Aggregate
So how will a 10%, 20%, 30%, 40%, and even 50% write-off of Classified Loans affect the Total Capital Cushion of the Philippine Banking System?
In the aggregate, if Classified Loans amount to 23.52% of the banking system's Total Capital Cushion, then it follows that a 10% write-off of Classified Loans will reduce the total capital by 2.35% and a 50% write-off of classified loans will reduce the banking system's Total Capital Cushion by 11.76%.
Individual Banks
A 10% write-off of Classified Loans would wipe out the capital of one bank (highlighted in red) and severely impact (by 30% or more) the Total Capital Cushion of two other banks (severely affected banks highlighted in yellow).
A 20% write-off of Classified Loans will totally wipe out the Total Capital Cushion of two banks and severely impact the Total Capital Cushion of four more banks:
Aggregate
So how will a 10%, 20%, 30%, 40%, and even 50% write-off of Classified Loans affect the Total Capital Cushion of the Philippine Banking System?
In the aggregate, if Classified Loans amount to 23.52% of the banking system's Total Capital Cushion, then it follows that a 10% write-off of Classified Loans will reduce the total capital by 2.35% and a 50% write-off of classified loans will reduce the banking system's Total Capital Cushion by 11.76%.
Individual Banks
A 10% write-off of Classified Loans would wipe out the capital of one bank (highlighted in red) and severely impact (by 30% or more) the Total Capital Cushion of two other banks (severely affected banks highlighted in yellow).
- Comsavings Bank (-198.49% reduction in Total Capital Cushion)
- Village Bank Inc. (59.65% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (39.49% reduction in Total Capital Cushion)
It is important to note that Comsavings Bank already had a negative Total Capital Cushion of Php 64.28 million as of March 31, 2016. So any reduction in Total Capital Cushion by a decline in the value of its Classified Loans would produce an even more negative Total Capital Cushion. The bank was shut down by the BSP last May 13, 2016.
- Comsavings Bank (-396.99% reduction in Total Capital Cushion)
- Village Bank Inc. (119.29% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (78.98% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (59.25% reduction in Total Capital Cushion)
- Legazpi Savings Bank (38.16% reduction in Total Capital Cushion)
- United Coconut Planters Bank (37.57% reduction in Total Capital Cushion)
- Comsavings Bank (-595.48% reduction in Total Capital Cushion)
- Village Bank Inc. (178.94% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (118.47% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (88.88% reduction in Total Capital Cushion)
- Legazpi Savings Bank (57.24% reduction in Total Capital Cushion)
- United Coconut Planters Bank (56.35% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (33.27% reduction in Total Capital Cushion)
- Dumaguete City Development Bank (32.43% reduction in Total Capital Cushion)
- Bataan Development Bank (31.59% reduction in Total Capital Cushion)
- Metro Cebu Public Savings Bank (31.02% reduction in Total Capital Cushion)
- China Bank Savings Inc (30.24% reduction in Total Capital Cushion)
A 40% write-off of Classified Loans will totally wipe out the Total Capital Cushion of four banks and severely affect (reduce by 30% or more) the Total Capital Cushion of eleven more banks:
- Comsavings Bank (-793.97% reduction in Total Capital Cushion)
- Village Bank Inc. (238.59% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (157.95% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (118.51% reduction in Total Capital Cushion)
- Legazpi Savings Bank (76.32% reduction in Total Capital Cushion)
- United Coconut Planters Bank (75.14% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (44.36% reduction in Total Capital Cushion)
- Dumaguete City Development Bank (43.24% reduction in Total Capital Cushion)
- Bataan Development Bank (42.12% reduction in Total Capital Cushion)
- Metro Cebu Public Savings Bank (41.36% reduction in Total Capital Cushion)
- China Bank Savings Inc (40.32% reduction in Total Capital Cushion)
- UCPB Savings Bank (36.70% reduction in Total Capital Cushion)
- Equicom Savings Bank Inc (36.27% reduction in Total Capital Cushion)
- Luzon Development Bank (35.15% reduction in Total Capital Cushion)
- World Partners Bank (31.59% reduction in Total Capital Cushion
A 50% write-off of Classified Loans will totally wipe out the Total Capital Cushion of four banks and severely affect (reduce by 30% or more) the Total Capital Cushion of seventeen more banks:
- Comsavings Bank (-929.47% reduction in Total Capital Cushion)
- Village Bank Inc. (298.23% reduction in Total Capital Cushion)
- Bank of China Limited - Manila Branch (197.44% reduction in Total Capital Cushion)
- Inter-Asia Development Bank (148.13% reduction in Total Capital Cushion)
- Legazpi Savings Bank (95.40% reduction in Total Capital Cushion)
- United Coconut Planters Bank (93.92% reduction in Total Capital Cushion)
- Malayan Bank Savings and Mortgage Bank Inc (55.45% reduction in Total Capital Cushion)
- Dumaguete City Development Bank (54.06% reduction in Total Capital Cushion)
- Bataan Development Bank (52.65% reduction in Total Capital Cushion)
- Metro Cebu Public Savings Bank (51.70% reduction in Total Capital Cushion)
- China Bank Savings Inc (50.40% reduction in Total Capital Cushion)
- UCPB Savings Bank (45.88% reduction in Total Capital Cushion)
- Equicom Savings Bank Inc (45.21% reduction in Total Capital Cushion)
- Luzon Development Bank (43.93% reduction in Total Capital Cushion)
- World Partners Bank (39.48% reduction in Total Capital Cushion
- Philippine Postal Savings Bank (36.34% reduction in Total Capital Cushion)
- Bank of Commerce (33.29% reduction in Total Capital Cushion)
- Philippine Resources Savings Banking Corporation (32.40% reduction in Total Capital Cushion)
- Philippine Star Development Bank Inc (31.50% reduction in Total Capital Cushion)
- TongYang Savings Bank Inc (30.49% reduction in Total Capital Cushion)
- RCBC Savings Bank Inc (30.18% reduction in Total Capital Cushion)
| Philippine Banking System | ||||||||
| Impact Analysis of Classified Loan Loss Severities on Total Capital Cushion | ||||||||
| December 31, 2015 | ||||||||
| Classified Loans | Total Capital Cushion | Classified Loans/Total Capital Cushion | Impact of 10% Classified Loan Loss Severity on Total Capital Cushion | Impact of 20% Classified Loan Loss Severity on Total Capital Cushion | Impact of 30% Classified Loan Loss Severity on Total Capital Cushion | Impact of 40% Classified Loan Loss Severity on Total Capital Cushion | Impact of 50% Classified Loan Loss Severity on Total Capital Cushion | |
| Bank | (In Php) | (In Php) | (In %) | (In %) | (In %) | (In %) | (In %) | (In %) |
| VILLAGE BANK INC (A THRIFT BANK) | 587,562,440.70 | 98,507,042.82 | 596.47% | 59.65% | 119.29% | 178.94% | 238.59% | 298.23% |
| BANK OF CHINA LIMITED-MANILA BRANCH | 10,414,138,971.59 | 2,637,248,827.89 | 394.89% | 39.49% | 78.98% | 118.47% | 157.95% | 197.44% |
| INTER-ASIA DEVELOPMENT BANK | 177,856,697.55 | 60,032,404.14 | 296.27% | 29.63% | 59.25% | 88.88% | 118.51% | 148.13% |
| LEGAZPI SAVINGS BANK INC | 883,980,000.00 | 463,291,228.55 | 190.80% | 19.08% | 38.16% | 57.24% | 76.32% | 95.40% |
| UNITED COCONUT PLANTERS BANK | 21,487,165,524.83 | 11,439,141,113.48 | 187.84% | 18.78% | 37.57% | 56.35% | 75.14% | 93.92% |
| MALAYAN BANK SAVINGS AND MORT BANK INC | 1,346,590,229.07 | 1,214,212,954.20 | 110.90% | 11.09% | 22.18% | 33.27% | 44.36% | 55.45% |
| DUMAGUETE CITY DEV BANK INC | 276,517,000.00 | 255,768,439.33 | 108.11% | 10.81% | 21.62% | 32.43% | 43.24% | 54.06% |
| BATAAN DEVELOPMENT BANK | 102,400,000.00 | 97,245,069.83 | 105.30% | 10.53% | 21.06% | 31.59% | 42.12% | 52.65% |
| METRO CEBU PUBLIC SAVINGS BANK | 60,820,791.86 | 58,826,562.87 | 103.39% | 10.34% | 20.68% | 31.02% | 41.36% | 51.70% |
| CHINA BANK SAVINGS INC | 7,580,530,004.70 | 7,519,966,463.26 | 100.81% | 10.08% | 20.16% | 30.24% | 40.32% | 50.40% |
| UCPB SAVINGS BANK | 2,667,511,000.00 | 2,907,230,864.97 | 91.75% | 9.18% | 18.35% | 27.53% | 36.70% | 45.88% |
| EQUICOM SAVINGS BANK INC | 762,130,243.96 | 842,893,942.69 | 90.42% | 9.04% | 18.08% | 27.13% | 36.17% | 45.21% |
| LUZON DEVELOPMENT BANK | 602,376,075.82 | 685,550,251.87 | 87.87% | 8.79% | 17.57% | 26.36% | 35.15% | 43.93% |
| WORLD PARTNERS BANK (A THRIFT BANK) | 132,873,581.16 | 168,274,099.33 | 78.96% | 7.90% | 15.79% | 23.69% | 31.59% | 39.48% |
| PHIL POSTAL SAVINGS BANK INC | 1,024,767,250.65 | 1,410,066,382.25 | 72.68% | 7.27% | 14.54% | 21.80% | 29.07% | 36.34% |
| BANK OF COMMERCE | 11,975,351,676.18 | 17,985,142,588.14 | 66.58% | 6.66% | 13.32% | 19.98% | 26.63% | 33.29% |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 1,682,857,632.26 | 2,596,821,578.83 | 64.80% | 6.48% | 12.96% | 19.44% | 25.92% | 32.40% |
| PHIL STAR DEVELOPMENT BANK INC | 58,227,417.25 | 92,434,555.46 | 62.99% | 6.30% | 12.60% | 18.90% | 25.20% | 31.50% |
| TONGYANG SAVINGS BANK INC | 675,511,598.53 | 1,107,771,339.51 | 60.98% | 6.10% | 12.20% | 18.29% | 24.39% | 30.49% |
| RCBC SAVINGS BANK INC | 6,940,955,925.00 | 11,499,615,156.28 | 60.36% | 6.04% | 12.07% | 18.11% | 24.14% | 30.18% |
| FARMERS SAVINGS & LOAN BANK INC | 81,914,422.12 | 137,146,990.50 | 59.73% | 5.97% | 11.95% | 17.92% | 23.89% | 29.86% |
| PHIL SAVINGS BANK | 12,787,389,798.55 | 22,552,935,938.63 | 56.70% | 5.67% | 11.34% | 17.01% | 22.68% | 28.35% |
| TOWER DEVELOPMENT BANK | 70,154,289.85 | 124,004,653.02 | 56.57% | 5.66% | 11.31% | 16.97% | 22.63% | 28.29% |
| PHILIPPINE VETERANS BANK | 3,707,509,011.00 | 6,763,526,833.49 | 54.82% | 5.48% | 10.96% | 16.44% | 21.93% | 27.41% |
| MEGA INT'L COMM'L BANK CO LTD | 1,037,763,474.00 | 2,050,493,141.75 | 50.61% | 5.06% | 10.12% | 15.18% | 20.24% | 25.31% |
| PRODUCERS SAVINGS BANK CORPORATION | 774,891,124.32 | 1,609,221,462.65 | 48.15% | 4.82% | 9.63% | 14.45% | 19.26% | 24.08% |
| BANK OF MAKATI (A SAVINGS BANK) INC | 3,502,646,259.55 | 7,598,917,740.36 | 46.09% | 4.61% | 9.22% | 13.83% | 18.44% | 23.05% |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 1,313,560,000.00 | 3,023,241,697.66 | 43.45% | 4.34% | 8.69% | 13.03% | 17.38% | 21.72% |
| CITIBANK, N.A. | 8,031,133,000.00 | 18,815,440,078.22 | 42.68% | 4.27% | 8.54% | 12.81% | 17.07% | 21.34% |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 54,900,327.72 | 131,520,320.47 | 41.74% | 4.17% | 8.35% | 12.52% | 16.70% | 20.87% |
| MARITIME SAVINGS BANK CORPORATION | 29,564,096.26 | 71,452,966.96 | 41.38% | 4.14% | 8.28% | 12.41% | 16.55% | 20.69% |
| STANDARD CHARTERED BANK | 3,382,338,008.27 | 8,469,910,127.39 | 39.93% | 3.99% | 7.99% | 11.98% | 15.97% | 19.97% |
| BANK ONE SAVINGS AND TRUST CORP. | 227,575,064.92 | 580,310,341.81 | 39.22% | 3.92% | 7.84% | 11.76% | 15.69% | 19.61% |
| MAYBANK PHILIPPINES INC | 5,120,644,854.36 | 13,103,838,803.52 | 39.08% | 3.91% | 7.82% | 11.72% | 15.63% | 19.54% |
| LIFE SAVINGS BANK INC | 25,525,783.64 | 66,684,654.29 | 38.28% | 3.83% | 7.66% | 11.48% | 15.31% | 19.14% |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 171,778,130.74 | 461,105,119.53 | 37.25% | 3.73% | 7.45% | 11.18% | 14.90% | 18.63% |
| UNIVERSITY SAVINGS BANK INC | 102,395,446.55 | 278,479,412.43 | 36.77% | 3.68% | 7.35% | 11.03% | 14.71% | 18.38% |
| WEALTH DEVELOPMENT BANK CORPORATION | 209,352,843.02 | 570,777,756.23 | 36.68% | 3.67% | 7.34% | 11.00% | 14.67% | 18.34% |
| SAMPAGUITA SAVINGS BANK INC | 24,172,441.22 | 68,425,553.24 | 35.33% | 3.53% | 7.07% | 10.60% | 14.13% | 17.66% |
| UNION BANK OF THE PHILS | 21,768,449,343.42 | 62,541,287,544.73 | 34.81% | 3.48% | 6.96% | 10.44% | 13.92% | 17.40% |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 491,040,548.30 | 1,518,304,266.04 | 32.34% | 3.23% | 6.47% | 9.70% | 12.94% | 16.17% |
| CORDILLERA SAVINGS BANK INC | 43,909,274.86 | 135,877,169.29 | 32.32% | 3.23% | 6.46% | 9.69% | 12.93% | 16.16% |
| PAMPANGA DEVELOPMENT BANK | 47,394,335.63 | 152,566,308.90 | 31.06% | 3.11% | 6.21% | 9.32% | 12.43% | 15.53% |
| BPI FAMILY SAVINGS BANK INC | 9,961,139,239.75 | 32,418,741,544.47 | 30.73% | 3.07% | 6.15% | 9.22% | 12.29% | 15.36% |
| PHIL NATIONAL BANK | 32,974,338,063.13 | 111,433,512,301.44 | 29.59% | 2.96% | 5.92% | 8.88% | 11.84% | 14.80% |
| KEB HANA BANK - MANILA BRANCH | 465,554,562.05 | 1,591,275,068.01 | 29.26% | 2.93% | 5.85% | 8.78% | 11.70% | 14.63% |
| CENTURY SAVINGS BANK CORPORATION | 274,293,052.42 | 945,122,321.12 | 29.02% | 2.90% | 5.80% | 8.71% | 11.61% | 14.51% |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 34,649,773.67 | 120,654,187.18 | 28.72% | 2.87% | 5.74% | 8.62% | 11.49% | 14.36% |
| PHIL TRUST COMPANY | 6,213,000,000.00 | 22,140,137,119.78 | 28.06% | 2.81% | 5.61% | 8.42% | 11.22% | 14.03% |
| EAST WEST BANKING CORP | 8,692,840,178.42 | 34,556,329,608.49 | 25.16% | 2.52% | 5.03% | 7.55% | 10.06% | 12.58% |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 13,648,456.11 | 59,748,536.65 | 22.84% | 2.28% | 4.57% | 6.85% | 9.14% | 11.42% |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 154,986,737.73 | 679,763,457.26 | 22.80% | 2.28% | 4.56% | 6.84% | 9.12% | 11.40% |
| BDO UNIBANK INC | 51,178,121,800.96 | 225,065,335,381.45 | 22.74% | 2.27% | 4.55% | 6.82% | 9.10% | 11.37% |
| FIRST CONSOLIDATED BANK INC (A PDB) | 898,321,496.71 | 3,969,050,008.70 | 22.63% | 2.26% | 4.53% | 6.79% | 9.05% | 11.32% |
| LAND BANK OF THE PHILIPPINES | 18,306,896,678.48 | 83,092,202,003.50 | 22.03% | 2.20% | 4.41% | 6.61% | 8.81% | 11.02% |
| OPTIMUM DEVELOPMENT BANK INC | 187,145,413.87 | 880,105,707.82 | 21.26% | 2.13% | 4.25% | 6.38% | 8.51% | 10.63% |
| CHINA BANKING CORP | 12,773,356,214.72 | 60,890,825,809.74 | 20.98% | 2.10% | 4.20% | 6.29% | 8.39% | 10.49% |
| DEVELOPMENT BANK OF THE PHIL | 9,751,931,038.73 | 47,829,847,714.16 | 20.39% | 2.04% | 4.08% | 6.12% | 8.16% | 10.19% |
| MALASIQUI PROGRESSIVE SLB, INC | 10,374,279.25 | 60,163,130.22 | 17.24% | 1.72% | 3.45% | 5.17% | 6.90% | 8.62% |
| CITY SAVINGS BANK INC | 1,622,760,647.24 | 9,849,238,582.72 | 16.48% | 1.65% | 3.30% | 4.94% | 6.59% | 8.24% |
| ASIA UNITED BANK CORPORATION | 3,948,706,317.94 | 24,498,034,281.18 | 16.12% | 1.61% | 3.22% | 4.84% | 6.45% | 8.06% |
| SECURITY BANK CORP | 9,018,000,000.00 | 56,389,511,785.51 | 15.99% | 1.60% | 3.20% | 4.80% | 6.40% | 8.00% |
| BPI DIRECT SAVINGS BANK INC | 264,298,612.72 | 1,767,367,348.65 | 14.95% | 1.50% | 2.99% | 4.49% | 5.98% | 7.48% |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,455,126,000.00 | 10,119,864,670.84 | 14.38% | 1.44% | 2.88% | 4.31% | 5.75% | 7.19% |
| RIZAL COMM'L BANKING CORP | 7,502,016,567.86 | 62,075,375,611.04 | 12.09% | 1.21% | 2.42% | 3.63% | 4.83% | 6.04% |
| ROBINSONS BANK CORPORATION | 1,526,179,000.00 | 13,235,033,140.18 | 11.53% | 1.15% | 2.31% | 3.46% | 4.61% | 5.77% |
| BANK OF THE PHIL ISLANDS | 15,628,382,994.83 | 165,112,221,408.81 | 9.47% | 0.95% | 1.89% | 2.84% | 3.79% | 4.73% |
| HONGKONG & SHANGHAI BANKING CORP | 1,292,969,392.77 | 14,275,144,798.63 | 9.06% | 0.91% | 1.81% | 2.72% | 3.62% | 4.53% |
| METROPOLITAN BANK & TCO | 17,065,527,468.74 | 192,938,454,807.54 | 8.85% | 0.88% | 1.77% | 2.65% | 3.54% | 4.42% |
| CTBC BANK (PHILIPPINES) CORP | 598,186,229.33 | 7,312,126,427.42 | 8.18% | 0.82% | 1.64% | 2.45% | 3.27% | 4.09% |
| SUN SAVINGS BANK INC | 12,136,012.75 | 156,978,445.63 | 7.73% | 0.77% | 1.55% | 2.32% | 3.09% | 3.87% |
| HIYAS BANKING CORPORATION | 10,828,045.54 | 152,831,795.84 | 7.08% | 0.71% | 1.42% | 2.13% | 2.83% | 3.54% |
| PNB SAVINGS BANK | 724,541,204.70 | 11,659,679,103.56 | 6.21% | 0.62% | 1.24% | 1.86% | 2.49% | 3.11% |
| LEMERY SAVINGS & LOAN BANK, INC. | 3,885,391.25 | 79,634,508.49 | 4.88% | 0.49% | 0.98% | 1.46% | 1.95% | 2.44% |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 14,086,000.00 | 353,499,879.17 | 3.98% | 0.40% | 0.80% | 1.20% | 1.59% | 1.99% |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 172,113,060.00 | 4,967,420,166.75 | 3.46% | 0.35% | 0.69% | 1.04% | 1.39% | 1.73% |
| PHIL BANK OF COMMUNICATIONS | 226,909,091.24 | 9,300,905,286.99 | 2.44% | 0.24% | 0.49% | 0.73% | 0.98% | 1.22% |
| BATAAN SAVINGS AND LOAN BANK | 1,309,539.09 | 60,558,902.93 | 2.16% | 0.22% | 0.43% | 0.65% | 0.86% | 1.08% |
| ING BANK N.V. | 50,000,000.00 | 2,568,995,906.81 | 1.95% | 0.19% | 0.39% | 0.58% | 0.78% | 0.97% |
| BANGKOK BANK PUBLIC CO LTD | 48,559,050.66 | 3,398,086,552.00 | 1.43% | 0.14% | 0.29% | 0.43% | 0.57% | 0.71% |
| BANK OF AMERICA N.A. | 5,514,000.00 | 2,123,761,205.20 | 0.26% | 0.03% | 0.05% | 0.08% | 0.10% | 0.13% |
| ANZ BANKING GROUP LTD | 141,916.70 | 4,433,712,765.32 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| BDO PRIVATE BANK, INC. | 0.00 | 5,862,943,892.90 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| BUSINESS AND CONSUMERS BANK (A DB) | 0.00 | 91,572,162.10 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CARD SME BANK INC A THRIFT BANK | 0.00 | 631,175,921.44 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | 0.00 | 2,128,098,534.24 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CITYSTATE SAVINGS BANK INC | 0.00 | 636,511,873.72 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DEUTSCHE BANK AG | 0.00 | 2,154,215,007.36 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ENTERPRISE BANK INC (A THRIFT BANK) | 0.00 | 318,128,721.32 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | 0.00 | 2,172,443,222.95 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 667,107,466.57 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| JP MORGAN CHASE BANK NATIONAL ASSN. | 0.00 | 1,406,989,114.78 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| MBANK PHILIPPINES (A THRIFT BANK) INC | 0.00 | 88,280,987.00 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| MERCHANTS SAVINGS & LOAN ASSN INC | 0.00 | 618,665,112.34 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 3,029,989,699.43 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| NORTHPOINT DEV'T BANK INC | 0.00 | 404,094,479.06 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| PACIFIC ACE SAVINGS BANK INC | 0.00 | 73,469,448.40 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SHINHAN BANK - MANILA BRANCH | 0.00 | 2,201,746,715.00 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH | 0.00 | 13,016,591,938.93 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| THE PALAWAN BANK (PALAWAN DB) INC | 0.00 | 51,604,859.32 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | 0.00 | 2,406,290,644.55 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| COMSAVINGS BANK | 1,275,879,789.57 | -64,278,097.71 | -1984.94% | -198.49% | -396.99% | -595.48% | -793.97% | -992.47% |
| Grand Total | 346,804,779,258.34 | 1,474,422,402,731.71 | 23.52% | 2.35% | 4.70% | 7.06% | 9.41% | 11.76% |
Source: www.bsp.gov.ph
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