MBank Ranks Second in Non-Performing Loans as % of Capital Funds as of March 31, 2016

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.   Banks highlighted in red are failed banks. The level of distress is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of March 31, 2016. See a previous blog post:  The Top Distressed Philippine Banks as of March 31, 2016

This blog post updates previous blog posts such as Comsavings Bank Ranks First in Non-Performing Loans as % of Capital Funds as of December 31, 2016.


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 130.60 billion as of March 31, 2016 - approximately 2.05% of the Philippine Banking Industry's Total Loan Portfolio of Php 6.377 trillion.

Philippine Banking System
NPL as % of TLP
March 31, 2016
			Gross NPL/ Gross TLP
Bank	Gross NPLs	Gross TLP	(In %)
COMSAVINGS BANK	123,954,903.23	151,466,700.01	81.84%
MBANK PHILIPPINES (A THRIFT BANK) INC	45,113,736.09	60,047,267.65	75.13%
SAMPAGUITA SAVINGS BANK INC	23,413,200.13	39,300,753.93	59.57%
NORTHPOINT DEV'T BANK INC	94,096,190.02	211,884,227.28	44.41%
PHIL STAR DEVELOPMENT BANK INC	22,292,920.67	58,227,417.25	38.29%
LEGAZPI SAVINGS BANK INC	444,500,412.39	1,215,497,367.73	36.57%
BATAAN DEVELOPMENT BANK	52,217,092.82	148,410,839.42	35.18%
METRO CEBU PUBLIC SAVINGS BANK	33,141,249.35	103,317,295.78	32.08%
WORLD PARTNERS BANK (A THRIFT BANK)	89,776,191.28	302,936,028.85	29.64%
MALASIQUI PROGRESSIVE SLB, INC	10,374,279.25	35,417,104.96	29.29%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	54,900,327.72	226,553,262.71	24.23%
FARMERS SAVINGS & LOAN BANK INC	50,080,709.46	209,539,045.48	23.90%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	24,430,246.08	102,876,021.75	23.75%
TONGYANG SAVINGS BANK INC	109,127,631.25	484,522,154.84	22.52%
LIFE SAVINGS BANK INC	14,471,347.63	68,067,749.75	21.26%
PAMPANGA DEVELOPMENT BANK	51,534,369.70	275,247,591.35	18.72%
LUZON DEVELOPMENT BANK	502,440,093.82	2,983,976,704.76	16.84%
PACIFIC ACE SAVINGS BANK INC	3,782,186.69	23,256,673.67	16.26%
EQUICOM SAVINGS BANK INC	628,959,599.20	4,097,387,458.69	15.35%
ENTERPRISE BANK INC (A THRIFT BANK)	202,762,328.37	1,359,195,466.87	14.92%
MARITIME SAVINGS BANK CORPORATION	18,967,928.16	130,582,995.03	14.53%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	1,207,149,863.21	8,898,691,476.25	13.57%
BANK OF MAKATI (A SAVINGS BANK) INC	2,516,436,612.37	19,348,826,763.19	13.01%
PHILIPPINE VETERANS BANK	1,615,544,700.24	13,225,572,611.61	12.22%
PHIL POSTAL SAVINGS BANK INC	717,752,551.68	6,295,320,046.77	11.40%
CORDILLERA SAVINGS BANK INC	17,515,169.24	169,880,854.85	10.31%
BUSINESS AND CONSUMERS BANK (A DB)	12,845,565.49	132,744,928.16	9.68%
1ST VALLEY BANK INC A DEVELOPMENT BANK	465,054,664.05	5,042,860,414.86	9.22%
CHINA BANK SAVINGS INC	4,549,219,978.08	52,267,542,478.94	8.70%
BANK ONE SAVINGS AND TRUST CORP.	43,637,518.34	522,867,471.60	8.35%
STANDARD CHARTERED BANK	2,278,638,352.86	27,965,650,669.48	8.15%
MALAYAN BANK SAVINGS AND MORT BANK INC	327,845,644.41	4,086,455,548.12	8.02%
BATAAN SAVINGS AND LOAN BANK	1,309,539.09	18,209,119.59	7.19%
THE PALAWAN BANK (PALAWAN DB) INC	16,583,546.90	239,700,374.98	6.92%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	133,102,736.71	1,926,597,246.86	6.91%
PRODUCERS SAVINGS BANK CORPORATION	419,368,420.08	6,165,083,883.38	6.80%
UCPB SAVINGS BANK	856,508,320.63	12,753,128,366.17	6.72%
PHIL BANK OF COMMUNICATIONS	2,378,811,531.66	35,973,354,608.03	6.61%
LEMERY SAVINGS & LOAN BANK, INC.	3,881,258.69	59,167,981.63	6.56%
UNION BANK OF THE PHILS	8,360,973,754.06	143,272,785,453.79	5.84%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,087,159,493.74	18,857,432,329.53	5.77%
HIYAS BANKING CORPORATION	10,828,045.54	190,306,698.41	5.69%
FIRST CONSOLIDATED BANK INC (A PDB)	568,716,866.32	10,220,549,442.68	5.56%
DUMAGUETE CITY DEV BANK INC	23,560,325.61	426,351,849.45	5.53%
UNITED COCONUT PLANTERS BANK	6,836,778,610.02	124,471,296,649.88	5.49%
VILLAGE BANK INC (A THRIFT BANK)	22,807,557.82	425,126,082.27	5.36%
MAYBANK PHILIPPINES INC	3,024,944,946.97	56,824,455,531.46	5.32%
CITYSTATE SAVINGS BANK INC	104,173,490.42	2,098,670,838.46	4.96%
INTER-ASIA DEVELOPMENT BANK	6,689,543.53	137,908,812.91	4.85%
EAST WEST BANKING CORP	7,474,511,324.47	154,107,739,735.68	4.85%
RCBC SAVINGS BANK INC	2,872,795,780.67	66,138,263,879.28	4.34%
CENTURY SAVINGS BANK CORPORATION	36,700,532.80	890,031,154.43	4.12%
OPTIMUM DEVELOPMENT BANK INC	42,853,861.64	1,057,649,590.79	4.05%
BANK OF COMMERCE	1,887,090,295.63	46,646,198,314.35	4.05%
WEALTH DEVELOPMENT BANK CORPORATION	171,106,359.50	4,290,061,269.91	3.99%
DEVELOPMENT BANK OF THE PHIL	7,038,193,955.06	177,659,033,823.40	3.96%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	6,746,068.42	171,644,144.78	3.93%
PHIL SAVINGS BANK	4,481,147,395.87	119,892,458,061.27	3.74%
UNIVERSITY SAVINGS BANK INC	20,050,548.52	584,790,276.21	3.43%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,363,458,725.91	40,413,735,723.55	3.37%
TOWER DEVELOPMENT BANK	7,264,450.04	225,232,337.64	3.23%
SUN SAVINGS BANK INC	11,990,048.68	384,677,181.09	3.12%
PNB SAVINGS BANK	609,706,180.38	20,665,287,943.95	2.95%
MERCHANTS SAVINGS & LOAN ASSN INC	13,753,722.97	474,156,089.58	2.90%
BPI FAMILY SAVINGS BANK INC	6,508,531,670.81	234,311,063,706.03	2.78%
ROBINSONS BANK CORPORATION	774,220,614.92	29,188,912,888.08	2.65%
CITY SAVINGS BANK INC	1,353,054,887.96	52,888,933,731.41	2.56%
CARD SME BANK INC A THRIFT BANK	44,589,231.22	1,751,330,273.31	2.55%
PHIL TRUST COMPANY	1,067,922,361.62	43,810,117,923.73	2.44%
PHIL NATIONAL BANK	8,780,325,611.75	360,670,094,746.06	2.43%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	31,084,409.26	1,305,369,354.42	2.38%
BPI DIRECT SAVINGS BANK INC	207,822,985.12	8,919,067,089.24	2.33%
CTBC BANK (PHILIPPINES) CORP	487,807,689.04	21,086,316,529.40	2.31%
ASIA UNITED BANK CORPORATION	1,854,694,629.44	91,258,050,028.44	2.03%
QUEZON COCONUT BANK INC (A THRIFT BANK)	850,456.50	43,209,606.61	1.97%
BANK OF CHINA LIMITED-MANILA BRANCH	189,040,895.91	10,067,731,650.49	1.88%
CHINA BANKING CORP	4,876,035,550.35	271,993,808,830.30	1.79%
LAND BANK OF THE  PHILIPPINES	7,511,786,605.02	464,851,713,016.84	1.62%
HONGKONG & SHANGHAI BANKING CORP	899,409,381.84	69,723,830,266.58	1.29%
BANK OF THE PHIL ISLANDS	8,475,648,800.89	672,473,428,128.63	1.26%
BDO UNIBANK INC	13,800,355,156.83	1,374,988,302,221.52	1.00%
RIZAL COMM'L BANKING CORP	2,003,401,017.35	233,442,429,600.45	0.86%
SECURITY BANK CORP	1,739,821,626.09	236,254,591,544.01	0.74%
KEB HANA BANK - MANILA BRANCH	23,200,185.28	3,318,317,078.67	0.70%
BANGKOK BANK PUBLIC CO LTD	48,559,050.66	8,934,995,058.08	0.54%
CITIBANK, N.A.	837,642,102.38	155,434,345,979.56	0.54%
METROPOLITAN BANK & TCO	2,819,089,112.47	686,288,009,918.00	0.41%
MEGA INT'L COMM'L BANK CO LTD	19,685,472.23	9,117,602,984.44	0.22%
ANZ BANKING GROUP LTD	1,408,950.67	20,381,187,912.12	0.01%
ING BANK N.V.	94.14	4,972,900,567.84	0.00%
BANK OF AMERICA N.A.	0.00	1,447,023,758.05	0.00%
BDO PRIVATE BANK, INC.	0.00	14,970,405,529.64	0.00%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	0.00	143,000,000.00	0.00%
DEUTSCHE BANK AG	0.00	20,411,361,092.10	0.00%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	197,424,000.00	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	120,007,330.96	0.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	12,725,843,414.32	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	28,966,779,046.15	0.00%
SHINHAN BANK - MANILA BRANCH	0.00	174,671,500.00	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	1,474,268,610.95	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	30,055,136,035.17	0.00%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.00	627,843,790.00	0.00%
Grand Total	130,601,533,351.38	6,376,694,632,928.58	2.05%

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

1. Comsavings Bank (81.84% of TLP)
2. MBank Philippines Inc (75.13% of TLP)
3. Sampaguita Savings Bank Inc. (59.57% of TLP)
4. Northpoint Development Bank (44.41% of TLP)
5. Philippine Star Development Bank (38.29% of TLP)
6. Legazpi Savings Bank Inc (36.57% of TLP)
7. Bataan Development Bank (35.18% of TLP)
8. Metro Cebu Public Savings Bank (32.08% of TLP)

Of these banks, one bank has failed and three banks are distressed:

1. Comsavings Bank (formerly GSIS Family Bank)
2. Legazpi Savings Bank Inc
3. Bataan Development Bank
4. Metro Cebu Public Savings Bank

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 9.52% of Stockholders Equity as of March 31, 2016.

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%

Source: www.bsp.gov.ph

Of the 102 banks in this list, twenty-eight banks have a Gross NPL to Stockholders Equity Ratio of 30% or more as of March 31, 2016.  These banks are as follows:

1. Comsavings Bank (-833.53% of SE - has negative equity)
2. Legazpi Savings Bank (500.97% of SE)
3. MBank Philippines Inc (134.01% of SE)
4. World Partners Bank (105.42% of SE)
5. Equicom Savings Bank Inc. (103.35% of SE)
6. Luzon Development Bank (97.62% of SE)
7. Opportunity Kauswagan Bank, Inc. (77.38% of SE)
8. Enterprise Bank Inc (75.02% of SE)
9. Bataan Development Bank (69.57% of SE)
10. Philippine Resources Savings Banking Corporation (67.65% of SE)
11. Metro Cebu Public Savings Bank (66.00% of SE)
12. Philippine Postal Savings Bank (65.31% of SE)
13. China Bank Savings Inc (64.15% of SE)
14. Sampaguita Savings Bank (44.65% of SE)
15. Sterling Bank of Asia, Inc. (46.11% of SE)
16. Farmers Savings & Loan Bank Inc (43.70% of SE)
17. The Palawan Bank (43.36% of SE)
18. Pampanga Development Bank (40.34% of SE)
19. Bank of Makati Inc (39.05% of SE)
20. Wealth Development Bank Corporation (38.43% of SE)
21. United Coconut Planters Bank (35.76% of SE)
22. Philippine Veterans Bank (35.63%of SE)
23. Penbank Inc. (35.42% of SE)
24. UCPB Savings Bank (35.16% of SE)
25. 1st Valley Bank Inc (33.86% of SE)
26. Malayan Bank Savings and Mortgage Bank Inc (33.58% of SE)
27. Standard Chartered Bank (32.98% of SE)
28. Village Bank Inc (30.06% 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 3.26% of their Total Loan Portfolio as of March 31, 2016.  Of the 102 banks, thirty-four banks reported having no DOSRI Loans.  Of the sixty-eight banks with DOSRI Loans, thirty-five banks had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, five banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:

1. Development Bank of the Philippines (27.52% of TLP)
2. Malasiqui Progressive SLB, Inc. (20.72% of TLP)
3. Queen City Development Bank (19.93% of TLP)
4. Land Bank of the Philippines (15.68% of TLP)
5. Inter-Asia Development Bank (15.04% of TLP)

Philippine Banking System
DOSRI as % of TLP
March 31, 2016
	DOSRI	TLP	DOSRI/TLP
Bank	(In Php)	(In PHP)	(In %)
DEVELOPMENT BANK OF THE PHIL	48,892,768,912.74	177,659,033,823.40	27.52%
MALASIQUI PROGRESSIVE SLB, INC	7,339,061.24	35,417,104.96	20.72%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	260,153,033.39	1,305,369,354.42	19.93%
LAND BANK OF THE  PHILIPPINES	72,901,200,701.44	464,851,713,016.84	15.68%
INTER-ASIA DEVELOPMENT BANK	20,735,539.46	137,908,812.91	15.04%
PAMPANGA DEVELOPMENT BANK	36,535,818.82	275,247,591.35	13.27%
DUMAGUETE CITY DEV BANK INC	47,035,265.27	426,351,849.45	11.03%
PHIL STAR DEVELOPMENT BANK INC	6,000,917.64	58,227,417.25	10.31%
LIFE SAVINGS BANK INC	6,665,685.01	68,067,749.75	9.79%
HIYAS BANKING CORPORATION	18,621,880.76	190,306,698.41	9.79%
VILLAGE BANK INC (A THRIFT BANK)	41,418,645.25	425,126,082.27	9.74%
UNIVERSITY SAVINGS BANK INC	56,000,000.00	584,790,276.21	9.58%
ROBINSONS BANK CORPORATION	2,330,982,871.51	29,188,912,888.08	7.99%
EAST WEST BANKING CORP	11,097,146,335.96	154,107,739,735.68	7.20%
CITYSTATE SAVINGS BANK INC	117,174,346.20	2,098,670,838.46	5.58%
PHIL TRUST COMPANY	2,365,000,000.00	43,810,117,923.73	5.40%
BANK OF MAKATI (A SAVINGS BANK) INC	989,177,605.45	19,348,826,763.19	5.11%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	93,888,022.05	1,926,597,246.86	4.87%
COMSAVINGS BANK	6,543,841.51	151,466,700.01	4.32%
CENTURY SAVINGS BANK CORPORATION	28,312,020.96	890,031,154.43	3.18%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,257,883,137.47	40,413,735,723.55	3.11%
MALAYAN BANK SAVINGS AND MORT BANK INC	117,525,157.41	4,086,455,548.12	2.88%
BDO UNIBANK INC	36,176,958,096.48	1,374,988,302,221.52	2.63%
BANK OF AMERICA N.A.	37,965,240.03	1,447,023,758.05	2.62%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,101,271.11	43,209,606.61	2.55%
TOWER DEVELOPMENT BANK	5,100,258.56	225,232,337.64	2.26%
PHIL NATIONAL BANK	7,160,010,024.61	360,670,094,746.06	1.99%
CHINA BANKING CORP	4,781,186,512.66	271,993,808,830.30	1.76%
PRODUCERS SAVINGS BANK CORPORATION	97,243,166.92	6,165,083,883.38	1.58%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	2,714,991.10	226,553,262.71	1.20%
CORDILLERA SAVINGS BANK INC	1,937,809.48	169,880,854.85	1.14%
BANK OF THE PHIL ISLANDS	7,287,404,619.45	672,473,428,128.63	1.08%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	195,940,579.97	18,857,432,329.53	1.04%
PHIL POSTAL SAVINGS BANK INC	63,097,660.79	6,295,320,046.77	1.00%
ENTERPRISE BANK INC (A THRIFT BANK)	13,327,485.34	1,359,195,466.87	0.98%
METROPOLITAN BANK & TCO	6,558,944,432.84	686,288,009,918.00	0.96%
PHIL SAVINGS BANK	972,843,535.33	119,892,458,061.27	0.81%
MARITIME SAVINGS BANK CORPORATION	768,595.00	130,582,995.03	0.59%
HONGKONG & SHANGHAI BANKING CORP	381,456,959.75	69,723,830,266.58	0.55%
LUZON DEVELOPMENT BANK	15,528,003.51	2,983,976,704.76	0.52%
THE PALAWAN BANK (PALAWAN DB) INC	1,223,831.52	239,700,374.98	0.51%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	45,000,000.00	8,898,691,476.25	0.51%
RIZAL COMM'L BANKING CORP	986,443,139.30	233,442,429,600.45	0.42%
SECURITY BANK CORP	880,991,271.60	236,254,591,544.01	0.37%
JP MORGAN CHASE BANK NATIONAL ASSN.	41,581,463.81	12,725,843,414.32	0.33%
UNION BANK OF THE PHILS	463,550,628.64	143,272,785,453.79	0.32%
PHILIPPINE VETERANS BANK	37,121,931.57	13,225,572,611.61	0.28%
UNITED COCONUT PLANTERS BANK	303,846,954.39	124,471,296,649.88	0.24%
TONGYANG SAVINGS BANK INC	1,096,152.71	484,522,154.84	0.23%
ANZ BANKING GROUP LTD	38,235,780.06	20,381,187,912.12	0.19%
FIRST CONSOLIDATED BANK INC (A PDB)	11,682,025.37	10,220,549,442.68	0.11%
CTBC BANK (PHILIPPINES) CORP	20,804,782.58	21,086,316,529.40	0.10%
CITY SAVINGS BANK INC	43,434,423.58	52,888,933,731.41	0.08%
ASIA UNITED BANK CORPORATION	74,405,503.12	91,258,050,028.44	0.08%
CITIBANK, N.A.	93,268,588.12	155,434,345,979.56	0.06%
FARMERS SAVINGS & LOAN BANK INC	121,844.60	209,539,045.48	0.06%
STANDARD CHARTERED BANK	15,874,242.36	27,965,650,669.48	0.06%
WEALTH DEVELOPMENT BANK CORPORATION	2,427,725.25	4,290,061,269.91	0.06%
PHIL BANK OF COMMUNICATIONS	20,042,946.29	35,973,354,608.03	0.06%
CHINA BANK SAVINGS INC	23,651,950.60	52,267,542,478.94	0.05%
MAYBANK PHILIPPINES INC	23,200,000.00	56,824,455,531.46	0.04%
UCPB SAVINGS BANK	4,398,187.16	12,753,128,366.17	0.03%
PNB SAVINGS BANK	5,474,163.78	20,665,287,943.95	0.03%
LEGAZPI SAVINGS BANK INC	320,306.82	1,215,497,367.73	0.03%
BPI FAMILY SAVINGS BANK INC	37,226,636.91	234,311,063,706.03	0.02%
KEB HANA BANK - MANILA BRANCH	399,900.00	3,318,317,078.67	0.01%
BANK OF COMMERCE	4,402,338.40	46,646,198,314.35	0.01%
BPI DIRECT SAVINGS BANK INC	233,369.82	8,919,067,089.24	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	5,042,860,414.86	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	171,644,144.78	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	8,934,995,058.08	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	10,067,731,650.49	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	522,867,471.60	0.00%
BATAAN DEVELOPMENT BANK	0.00	148,410,839.42	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	18,209,119.59	0.00%
BDO PRIVATE BANK, INC.	0.00	14,970,405,529.64	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	132,744,928.16	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	1,751,330,273.31	0.00%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	0.00	143,000,000.00	0.00%
DEUTSCHE BANK AG	0.00	20,411,361,092.10	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	102,876,021.75	0.00%
EQUICOM SAVINGS BANK INC	0.00	4,097,387,458.69	0.00%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	197,424,000.00	0.00%
ING BANK N.V.	0.00	4,972,900,567.84	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	120,007,330.96	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	59,167,981.63	0.00%
MBANK PHILIPPINES (A THRIFT BANK) INC	0.00	60,047,267.65	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	9,117,602,984.44	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	474,156,089.58	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	103,317,295.78	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	28,966,779,046.15	0.00%
NORTHPOINT DEV'T BANK INC	0.00	211,884,227.28	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	1,057,649,590.79	0.00%
PACIFIC ACE SAVINGS BANK INC	0.00	23,256,673.67	0.00%
RCBC SAVINGS BANK INC	0.00	66,138,263,879.28	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	39,300,753.93	0.00%
SHINHAN BANK - MANILA BRANCH	0.00	174,671,500.00	0.00%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	1,474,268,610.95	0.00%
SUN SAVINGS BANK INC	0.00	384,677,181.09	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	30,055,136,035.17	0.00%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.00	627,843,790.00	0.00%
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	302,936,028.85	0.00%
Grand Total	207,632,098,130.83	6,376,694,632,928.58	3.26%

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 15.13% of Stockholders Equity as of March 31, 2016. Two banks have DOSRI Loans that exceed 80% of their capital.  These are as follows:

1. Development Bank of the Philippines (113.64% of SE)
2. Land Bank of the Philippines (80.90% of SE)

Philippine Banking System
DOSRI as % of Stockholders Equity
March 31, 2016
	DOSRI	SE	DOSRI/SE
Bank	(In Php)	(In PHP)	(In %)
DEVELOPMENT BANK OF THE PHIL	48,892,768,912.74	43,024,667,080.31	113.64%
LAND BANK OF THE  PHILIPPINES	72,901,200,701.44	90,116,747,091.57	80.90%
VILLAGE BANK INC (A THRIFT BANK)	41,418,645.25	75,877,625.45	54.59%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	260,153,033.39	657,985,985.94	39.54%
EAST WEST BANKING CORP	11,097,146,335.96	30,858,325,940.39	35.96%
INTER-ASIA DEVELOPMENT BANK	20,735,539.46	59,193,775.44	35.03%
PAMPANGA DEVELOPMENT BANK	36,535,818.82	127,741,654.42	28.60%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	93,888,022.05	375,751,041.28	24.99%
CITYSTATE SAVINGS BANK INC	117,174,346.20	601,847,752.96	19.47%
ROBINSONS BANK CORPORATION	2,330,982,871.51	12,191,054,863.65	19.12%
DUMAGUETE CITY DEV BANK INC	47,035,265.27	248,579,449.51	18.92%
BDO UNIBANK INC	36,176,958,096.48	203,201,182,701.51	17.80%
BANK OF MAKATI (A SAVINGS BANK) INC	989,177,605.45	6,444,147,100.67	15.35%
HIYAS BANKING CORPORATION	18,621,880.76	128,294,555.44	14.51%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,257,883,137.47	8,830,498,381.84	14.24%
MALASIQUI PROGRESSIVE SLB, INC	7,339,061.24	52,445,475.00	13.99%
UNIVERSITY SAVINGS BANK INC	56,000,000.00	406,328,237.04	13.78%
MALAYAN BANK SAVINGS AND MORT BANK INC	117,525,157.41	976,392,953.89	12.04%
LIFE SAVINGS BANK INC	6,665,685.01	63,975,738.30	10.42%
PHIL TRUST COMPANY	2,365,000,000.00	25,726,639,032.81	9.19%
CHINA BANKING CORP	4,781,186,512.66	55,960,751,633.40	8.54%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	195,940,579.97	2,357,568,666.67	8.31%
PHIL NATIONAL BANK	7,160,010,024.61	99,479,327,773.83	7.20%
PHIL STAR DEVELOPMENT BANK INC	6,000,917.64	86,119,650.31	6.97%
PRODUCERS SAVINGS BANK CORPORATION	97,243,166.92	1,478,697,823.29	6.58%
PHIL POSTAL SAVINGS BANK INC	63,097,660.79	1,099,051,703.05	5.74%
PHIL SAVINGS BANK	972,843,535.33	18,366,853,648.79	5.30%
ENTERPRISE BANK INC (A THRIFT BANK)	13,327,485.34	270,279,168.77	4.93%
BANK OF THE PHIL ISLANDS	7,287,404,619.45	151,023,839,498.91	4.83%
TOWER DEVELOPMENT BANK	5,100,258.56	122,222,136.06	4.17%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	2,714,991.10	70,948,851.24	3.83%
METROPOLITAN BANK & TCO	6,558,944,432.84	185,480,722,434.16	3.54%
THE PALAWAN BANK (PALAWAN DB) INC	1,223,831.52	38,246,352.47	3.20%
LUZON DEVELOPMENT BANK	15,528,003.51	514,702,802.08	3.02%
CENTURY SAVINGS BANK CORPORATION	28,312,020.96	952,912,227.68	2.97%
JP MORGAN CHASE BANK NATIONAL ASSN.	41,581,463.81	1,426,488,603.82	2.91%
HONGKONG & SHANGHAI BANKING CORP	381,456,959.75	13,551,734,365.55	2.81%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	45,000,000.00	1,784,275,725.57	2.52%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,101,271.11	59,144,095.32	1.86%
BANK OF AMERICA N.A.	37,965,240.03	2,091,322,952.20	1.82%
RIZAL COMM'L BANKING CORP	986,443,139.30	59,798,545,561.99	1.65%
UNITED COCONUT PLANTERS BANK	303,846,954.39	19,119,359,922.50	1.59%
SECURITY BANK CORP	880,991,271.60	56,018,676,065.05	1.57%
CORDILLERA SAVINGS BANK INC	1,937,809.48	125,664,192.35	1.54%
MARITIME SAVINGS BANK CORPORATION	768,595.00	63,824,827.96	1.20%
ANZ BANKING GROUP LTD	38,235,780.06	4,457,320,208.83	0.86%
UNION BANK OF THE PHILS	463,550,628.64	54,330,880,740.92	0.85%
PHILIPPINE VETERANS BANK	37,121,931.57	4,534,821,338.63	0.82%
CITIBANK, N.A.	93,268,588.12	12,864,767,782.19	0.72%
WEALTH DEVELOPMENT BANK CORPORATION	2,427,725.25	445,256,651.07	0.55%
CITY SAVINGS BANK INC	43,434,423.58	9,245,302,494.26	0.47%
LEGAZPI SAVINGS BANK INC	320,306.82	88,727,977.89	0.36%
ASIA UNITED BANK CORPORATION	74,405,503.12	21,245,414,031.85	0.35%
FIRST CONSOLIDATED BANK INC (A PDB)	11,682,025.37	3,443,176,463.62	0.34%
CHINA BANK SAVINGS INC	23,651,950.60	7,091,924,010.19	0.33%
CTBC BANK (PHILIPPINES) CORP	20,804,782.58	6,855,830,663.30	0.30%
STANDARD CHARTERED BANK	15,874,242.36	6,909,522,224.07	0.23%
PHIL BANK OF COMMUNICATIONS	20,042,946.29	8,793,670,836.11	0.23%
MAYBANK PHILIPPINES INC	23,200,000.00	11,807,365,760.48	0.20%
UCPB SAVINGS BANK	4,398,187.16	2,435,816,116.04	0.18%
BPI FAMILY SAVINGS BANK INC	37,226,636.91	26,936,868,345.36	0.14%
TONGYANG SAVINGS BANK INC	1,096,152.71	991,481,664.37	0.11%
FARMERS SAVINGS & LOAN BANK INC	121,844.60	114,600,549.38	0.11%
PNB SAVINGS BANK	5,474,163.78	11,320,014,373.54	0.05%
BANK OF COMMERCE	4,402,338.40	15,809,033,366.75	0.03%
KEB HANA BANK - MANILA BRANCH	399,900.00	1,544,779,131.02	0.03%
BPI DIRECT SAVINGS BANK INC	233,369.82	1,623,265,064.67	0.01%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	1,373,635,240.09	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	338,395,167.59	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	3,114,101,932.72	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	2,437,319,844.20	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	567,850,432.04	0.00%
BATAAN DEVELOPMENT BANK	0.00	75,058,838.36	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	58,434,273.10	0.00%
BDO PRIVATE BANK, INC.	0.00	5,932,232,786.68	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	89,253,707.43	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	567,016,771.25	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%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	104,169,237.96	0.00%
EQUICOM SAVINGS BANK INC	0.00	608,549,369.40	0.00%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	2,156,117,685.21	0.00%
ING BANK N.V.	0.00	2,479,962,564.12	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	660,909,436.92	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	77,506,760.30	0.00%
MBANK PHILIPPINES (A THRIFT BANK) INC	0.00	33,665,652.32	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,839,767,602.61	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	612,310,392.33	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	50,216,111.76	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,700,776,216.74	0.00%
NORTHPOINT DEV'T BANK INC	0.00	331,785,905.65	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	833,155,770.67	0.00%
PACIFIC ACE SAVINGS BANK INC	0.00	71,584,754.64	0.00%
RCBC SAVINGS BANK INC	0.00	9,598,539,102.47	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	50,715,417.18	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%
SUN SAVINGS BANK INC	0.00	145,145,609.54	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%
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	85,161,688.25	0.00%
COMSAVINGS BANK	6,543,841.51	-14,871,098.93	-44.00%
Grand Total	207,632,098,130.83	1,372,337,207,709.51	15.13%

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 33.28 million, or 0.02% of its DOSRI Loans fell past due as of March 31, 2016.  Of the sixty-eight banks with DOSRI Loans, fifty-four banks had zero past due DOSRI Loans.  Not one bank had past-due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio as of March 31, 2016.

Philippine Banking System
DOSRI Past Due as % of DOSRI
March 31, 2016
	DOSRI Past Due	DOSRI	DOSRI Past Due/DOSRI
Bank	(In PHP)	(In PHP)	(In %)
LEGAZPI SAVINGS BANK INC	47,655.89	320,306.82	14.88%
PNB SAVINGS BANK	69,871.69	5,474,163.78	1.28%
UNITED COCONUT PLANTERS BANK	3,023,699.34	303,846,954.39	1.00%
CHINA BANK SAVINGS INC	203,895.99	23,651,950.60	0.86%
CITIBANK, N.A.	720,346.30	93,268,588.12	0.77%
PHIL BANK OF COMMUNICATIONS	82,861.31	20,042,946.29	0.41%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	569,022.04	195,940,579.97	0.29%
UCPB SAVINGS BANK	9,275.86	4,398,187.16	0.21%
PHIL SAVINGS BANK	899,222.47	972,843,535.33	0.09%
RIZAL COMM'L BANKING CORP	860,475.32	986,443,139.30	0.09%
BDO UNIBANK INC	24,983,320.66	36,176,958,096.48	0.07%
BANK OF THE PHIL ISLANDS	900,166.26	7,287,404,619.45	0.01%
PHIL NATIONAL BANK	754,836.46	7,160,010,024.61	0.01%
CHINA BANKING CORP	150,641.09	4,781,186,512.66	0.00%
ANZ BANKING GROUP LTD	0.00	38,235,780.06	0.00%
ASIA UNITED BANK CORPORATION	0.00	74,405,503.12	0.00%
BANK OF AMERICA N.A.	0.00	37,965,240.03	0.00%
BANK OF COMMERCE	0.00	4,402,338.40	0.00%
BANK OF MAKATI (A SAVINGS BANK) INC	0.00	989,177,605.45	0.00%
BPI DIRECT SAVINGS BANK INC	0.00	233,369.82	0.00%
BPI FAMILY SAVINGS BANK INC	0.00	37,226,636.91	0.00%
CENTURY SAVINGS BANK CORPORATION	0.00	28,312,020.96	0.00%
CITY SAVINGS BANK INC	0.00	43,434,423.58	0.00%
CITYSTATE SAVINGS BANK INC	0.00	117,174,346.20	0.00%
COMSAVINGS BANK	0.00	6,543,841.51	0.00%
CORDILLERA SAVINGS BANK INC	0.00	1,937,809.48	0.00%
CTBC BANK (PHILIPPINES) CORP	0.00	20,804,782.58	0.00%
DEVELOPMENT BANK OF THE PHIL	0.00	48,892,768,912.74	0.00%
DUMAGUETE CITY DEV BANK INC	0.00	47,035,265.27	0.00%
EAST WEST BANKING CORP	0.00	11,097,146,335.96	0.00%
ENTERPRISE BANK INC (A THRIFT BANK)	0.00	13,327,485.34	0.00%
FARMERS SAVINGS & LOAN BANK INC	0.00	121,844.60	0.00%
FIRST CONSOLIDATED BANK INC (A PDB)	0.00	11,682,025.37	0.00%
HIYAS BANKING CORPORATION	0.00	18,621,880.76	0.00%
HONGKONG & SHANGHAI BANKING CORP	0.00	381,456,959.75	0.00%
INTER-ASIA DEVELOPMENT BANK	0.00	20,735,539.46	0.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	41,581,463.81	0.00%
KEB HANA BANK - MANILA BRANCH	0.00	399,900.00	0.00%
LAND BANK OF THE  PHILIPPINES	0.00	72,901,200,701.44	0.00%
LIFE SAVINGS BANK INC	0.00	6,665,685.01	0.00%
LUZON DEVELOPMENT BANK	0.00	15,528,003.51	0.00%
MALASIQUI PROGRESSIVE SLB, INC	0.00	7,339,061.24	0.00%
MALAYAN BANK SAVINGS AND MORT BANK INC	0.00	117,525,157.41	0.00%
MARITIME SAVINGS BANK CORPORATION	0.00	768,595.00	0.00%
MAYBANK PHILIPPINES INC	0.00	23,200,000.00	0.00%
METROPOLITAN BANK & TCO	0.00	6,558,944,432.84	0.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	0.00	2,714,991.10	0.00%
PAMPANGA DEVELOPMENT BANK	0.00	36,535,818.82	0.00%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	0.00	93,888,022.05	0.00%
PHIL POSTAL SAVINGS BANK INC	0.00	63,097,660.79	0.00%
PHIL STAR DEVELOPMENT BANK INC	0.00	6,000,917.64	0.00%
PHIL TRUST COMPANY	0.00	2,365,000,000.00	0.00%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	0.00	1,257,883,137.47	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	45,000,000.00	0.00%
PHILIPPINE VETERANS BANK	0.00	37,121,931.57	0.00%
PRODUCERS SAVINGS BANK CORPORATION	0.00	97,243,166.92	0.00%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	0.00	260,153,033.39	0.00%
QUEZON COCONUT BANK INC (A THRIFT BANK)	0.00	1,101,271.11	0.00%
ROBINSONS BANK CORPORATION	0.00	2,330,982,871.51	0.00%
SECURITY BANK CORP	0.00	880,991,271.60	0.00%
STANDARD CHARTERED BANK	0.00	15,874,242.36	0.00%
THE PALAWAN BANK (PALAWAN DB) INC	0.00	1,223,831.52	0.00%
TONGYANG SAVINGS BANK INC	0.00	1,096,152.71	0.00%
TOWER DEVELOPMENT BANK	0.00	5,100,258.56	0.00%
UNION BANK OF THE PHILS	0.00	463,550,628.64	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	56,000,000.00	0.00%
VILLAGE BANK INC (A THRIFT BANK)	0.00	41,418,645.25	0.00%
WEALTH DEVELOPMENT BANK CORPORATION	0.00	2,427,725.25	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
CATHAY UNITED BANK CO LTD - MANILA BRANCH	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
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	0.00	NA
ING BANK N.V.	0.00	0.00	NA
ISLA BANK(A THRIFT BANK) INC	0.00	0.00	NA
LEMERY SAVINGS & LOAN BANK, INC.	0.00	0.00	NA
MBANK PHILIPPINES (A THRIFT 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
PACIFIC ACE SAVINGS BANK INC	0.00	0.00	NA
RCBC SAVINGS BANK INC	0.00	0.00	NA
SAMPAGUITA SAVINGS BANK INC	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
SUN SAVINGS BANK INC	0.00	0.00	NA
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	0.00	NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.00	0.00	NA
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	0.00	NA
Grand Total	33,275,290.68	207,632,098,130.83	0.02%

Source: www.bsp.gov.ph