There are several commonly used capital adequacy ratios. These are:
Tier 1 Capital
Tier 1 CAR is the ratio of a bank's core or equity capital to its total risk-weighted assets. It measures financial strength from a regulator's point of view. Tier 1 Capital measures the bank's ability to absorb losses without a bank being required to cease trading.
Tier 2 Capital
Tier 2 Capital is supplementary capital. It measures the ability of a bank to absorb losses in the event of a winding up and so it provides a lesser degree of protection to depositors.
Common Equity Tier 1 Ratio
Investopedia defines the Common Equity Tier 1 Ratio as a capital adequacy ratio that:
"...excludes any preferred shares or non-controlling interests when determining the calculation. This differs from the Tier 1 capital ratio which is based on the sum of its equity capital and disclosed reserves, and sometimes non-redeemable, non-cumulative preferred stock."
"...Regulators use the Tier 1 common capital ratio to grade a firm's capital adequacy as one of the following rankings: Well-Capitalized, Adequately Capitalized, Undercapitalized, Significantly Undercapitalized, and Critically Undercapitalized."
Well Capitalized: Common Equity Tier 1 Ratio of 6% or more and does not pay any dividends that would affect its capital base.
Adequately Capitalized: Common Equity Tier 1 Ratio of 4% or more.
Undercapitalized: Common Equity Tier 1 Ratio below 4%.
Significantly Undercapitalized: Common Equity Tier 1 Ratio below 3%.
Critically Undercapitalized: Common Equity Tier 1 Ratio below 2%.
Banks "ranked as Undercapitalized or below are prohibited from paying any dividends or management fees. In addition, they are required to file a capital restoration plan."
For more information regarding this, please read the BIS Basel III definition of capital.
Risk Weighted Assets
Risk Weighted Assets are a bank's on balance sheet assets and off-balance sheet exposures, weighted according to risk. Different classes of assets have different risk weightings. For instance, cash on hand or a government bond has zero risk weighting and are subtracted from the total risk assets. A loan would have a 100% risk weighthing - it would be counted towards the total risk assets of the bank.
More information about this can be found here.
Minimum Capital Requirements
International Guidelines
Basel III is the global requlatory standard on bank capital adequacy, stress testing, and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision.
Under Basel III, the minimum Common Equity Tier 1 Capital Ratio is 4.5%, Tier 1 Capital Ratio is 6.0%, conservation buffer is 2.5%, and the minimum Total CAR is 8.0%.
For more information on Basel III, read this.
BSP Guidelines
The BSP issued new BASEL III Implementing Guidelines that will take effect on January 1, 2014. Under the new guidelines:
"Banks must now meet specific minimum thresholds for so-called Common Equity Tier 1 (CET1) capital and Tier 1 (T1) capital in addition to the Capital Adequacy Ratio (CAR). These regulatory thresholds effectively move banks worldwide to rely more on core capital instruments like CET1 and T1 issues. This is in lieu of hybrid instruments which did not fare well in the latest global crisis as far as absorbing losses. The ability to absorb losses is central to Basel III.
The BSP maintained the minimum Capital Adequacy Ratio (CAR) at 10.0 percent. In addition to CAR, the new framework sets a CET1 ratio of at least 6.0 percent and the Tier I capital ratio is at a minimum of 7.5 percent.
The new guidelines also introduce a capital conservation buffer of 2.5 percent which shall be made up of CET1 capital. In addition, banks which issued capital instruments from 2011 will be allowed to count these instruments as Basel III-eligible until end-2015Moreover, banks that are considered by the BSP as "too big to fail" (domestically systemically important banks) will have minimum common equity Tier 1 (CET1) Ratios that are higher by 1.5% to 3.5% higher than the existing minimum of 6.00% and the capital conservation buffer of 2.5%.
Under these guidelines, several Philippine Banks currently do not meet these guidelines as of June 30, 2016. The banks that fail to meet BSP's minimum capital requirements are as follows:
TOTAL CAR
- The Palawan Bank Inc (Total CAR of 8.85)
- Luzon Development Bank (Total CAR of 9.29)
- Wealth Development Bank Corporation (Total CAR of 9.58)
TIER ONE CAR
Eight banks reported Tier One CAR of 0.00 as of June 30, 2016. Of those that did report Tier One CAR greater than 0.00, eight have less than the BSP-recommended Tier One CARs of 10.00. These banks are:
- CARD SME Bank Inc (Tier One CAR of 4.72)
- Luzon Development Bank (Tier One CAR of 8.63)
- Wealth Development Bank Corporation (Tier One CAR of 8.83)
- Mizuho Bank Ltd - Manila Branch (Tier One CAR of 9.07)
- Sterling Bank of Asia Inc (Tier One CAR of 9.20)
- China Bank Savings Inc (Tier One CAR of 9.24)
- The Palawan Bank Inc (Tier One CAR of 9.60)
- Philippine Postal Savings Bank Inc (9.82)
COMMON EQUITY TIER ONE CAR
As stated above, the BSP's reporting guidelines on the Common Equity Tier One CAR (CET1) only took effect as of January 1, 2014. Banks only started reporting this ratio in their Published Statements of Condition for June 30, 2014. Fifty-five banks reported their CET1 Ratio as 0.00 for June 30, 2016.
However, those banks that did report a CET1 Ratio other than 0.00, two banks reported CET1 Ratios below BSP's recommended ratio. They are as follows:
- Mizuho Bank Ltd (CET1 Ratio of 9.07)
- China Bank Savings Inc (CET1 Ratio of 9.24)
The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of June 30, 2016 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):
| Philippine Banking System | ||
| TOTAL CAR | ||
| June 30, 2016 | ||
| Bank | Type of Bank | Total CAR |
| THE PALAWAN BANK (PALAWAN DB) INC | Thrift | 8.85 |
| LUZON DEVELOPMENT BANK | Thrift | 9.29 |
| WEALTH DEVELOPMENT BANK CORPORATION | Thrift | 9.58 |
| MIZUHO BANK LTD - MANILA BRANCH | U/KB | 10.02 |
| UNITED COCONUT PLANTERS BANK | U/KB | 10.08 |
| CHINA BANK SAVINGS INC | Thrift | 10.29 |
| PHIL POSTAL SAVINGS BANK INC | Thrift | 10.36 |
| ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | 10.45 |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | 10.88 |
| EQUICOM SAVINGS BANK INC | Thrift | 11.10 |
| BDO UNIBANK INC | U/KB | 11.98 |
| LAND BANK OF THE PHILIPPINES | U/KB | 11.98 |
| BANK OF THE PHIL ISLANDS | U/KB | 12.62 |
| PHIL NATIONAL BANK | U/KB | 12.73 |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | U/KB | 12.80 |
| RCBC SAVINGS BANK INC | Thrift | 13.17 |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | Thrift | 13.26 |
| BPI FAMILY SAVINGS BANK INC | Thrift | 13.94 |
| EAST WEST BANKING CORP | U/KB | 14.12 |
| VILLAGE BANK INC (A THRIFT BANK) | Thrift | 14.23 |
| CITY SAVINGS BANK INC | Thrift | 14.47 |
| CHINA BANKING CORP | U/KB | 14.69 |
| PHIL SAVINGS BANK | Thrift | 14.77 |
| PHIL BANK OF COMMUNICATIONS | U/KB | 14.86 |
| STANDARD CHARTERED BANK | U/KB | 15.17 |
| MAYBANK PHILIPPINES INC | U/KB | 15.52 |
| ANZ BANKING GROUP LTD | U/KB | 15.61 |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | Thrift | 15.62 |
| BANK OF CHINA LIMITED | U/KB | 15.70 |
| MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | 15.93 |
| UNION BANK OF THE PHILS | U/KB | 16.32 |
| METROPOLITAN BANK & TRUST CO | U/KB | 16.57 |
| FARMERS SAVINGS & LOAN BANK INC | Thrift | 16.83 |
| DEVELOPMENT BANK OF THE PHIL | U/KB | 16.87 |
| PHILIPPINE VETERANS BANK | U/KB | 16.94 |
| PRODUCERS SAVINGS BANK CORPORATION | Thrift | 17.02 |
| CITYSTATE SAVINGS BANK INC | Thrift | 17.05 |
| RIZAL COMM'L BANKING CORP | U/KB | 17.08 |
| UCPB SAVINGS BANK | Thrift | 17.39 |
| WORLD PARTNERS BANK (A THRIFT BANK) | Thrift | 17.60 |
| BATAAN DEVELOPMENT BANK | Thrift | 17.62 |
| CITIBANK, N.A. | U/KB | 17.62 |
| HONGKONG & SHANGHAI BANKING CORP | U/KB | 17.86 |
| HIYAS BANKING CORPORATION | Thrift | 17.97 |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | Thrift | 18.03 |
| MEGA INT'L COMM'L BANK CO LTD | U/KB | 18.27 |
| ASIA UNITED BANK CORPORATION | U/KB | 18.33 |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | Thrift | 18.51 |
| DEUTSCHE BANK AG | U/KB | 19.22 |
| BANK OF MAKATI (A SAVINGS BANK) INC | Thrift | 19.36 |
| BANK OF COMMERCE | U/KB | 19.64 |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | Thrift | 20.38 |
| SECURITY BANK CORP | U/KB | 20.46 |
| BDO PRIVATE BANK, INC. | U/KB | 21.57 |
| METRO CEBU PUBLIC SAVINGS BANK | Thrift | 21.67 |
| CTBC BANK (PHILIPPINES) CORP | U/KB | 21.77 |
| CARD SME BANK INC A THRIFT BANK | Thrift | 21.91 |
| MBANK PHILIPPINES (A THRIFT BANK) INC | Thrift | 22.75 |
| DUMAGUETE CITY DEV BANK INC | Thrift | 24.45 |
| LIFE SAVINGS BANK INC | Thrift | 25.04 |
| INTER-ASIA DEVELOPMENT BANK | Thrift | 25.60 |
| JP MORGAN CHASE BANK NATIONAL ASSN. | U/KB | 26.04 |
| KEB HANA BANK - MANILA BRANCH | U/KB | 26.28 |
| FIRST CONSOLIDATED BANK INC (A PDB) | Thrift | 26.32 |
| BUSINESS AND CONSUMERS BANK (A DB) | Thrift | 28.04 |
| BANGKOK BANK PUBLIC CO LTD | U/KB | 29.80 |
| LEGAZPI SAVINGS BANK INC | Thrift | 29.89 |
| HSBC SAVINGS BANK PHILIPPINES | Thrift | 30.33 |
| TOWER DEVELOPMENT BANK | Thrift | 30.74 |
| BPI DIRECT SAVINGS BANK INC | Thrift | 30.78 |
| UNIVERSITY SAVINGS BANK INC | Thrift | 31.10 |
| SUN SAVINGS BANK INC | Thrift | 31.11 |
| PAMPANGA DEVELOPMENT BANK | Thrift | 32.44 |
| MARITIME SAVINGS BANK CORPORATION | Thrift | 33.39 |
| ROBINSONS BANK CORPORATION | U/KB | 33.41 |
| LEMERY SAVINGS & LOAN BANK, INC. | Thrift | 34.27 |
| CORDILLERA SAVINGS BANK INC | Thrift | 36.68 |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | Thrift | 38.32 |
| MALASIQUI PROGRESSIVE SLB, INC | Thrift | 40.01 |
| NORTHPOINT DEV'T BANK INC | Thrift | 40.38 |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | Thrift | 45.03 |
| PHIL TRUST COMPANY | U/KB | 45.19 |
| PNB SAVINGS BANK | Thrift | 46.31 |
| BANK OF AMERICA N.A. | U/KB | 47.30 |
| PACIFIC ACE SAVINGS BANK INC | Thrift | 51.49 |
| PHIL STAR DEVELOPMENT BANK INC | Thrift | 51.82 |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | U/KB | 52.74 |
| OPTIMUM DEVELOPMENT BANK INC | Thrift | 54.58 |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | Thrift | 56.48 |
| BANK ONE SAVINGS AND TRUST CORP. | Thrift | 58.64 |
| SAMPAGUITA SAVINGS BANK INC | Thrift | 63.71 |
| ING BANK N.V. | U/KB | 71.35 |
| MERCHANTS SAVINGS & LOAN ASSN INC | Thrift | 74.30 |
| TONGYANG SAVINGS BANK INC | Thrift | 76.31 |
| CENTURY SAVINGS BANK CORPORATION | Thrift | 80.67 |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | U/KB | 97.00 |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | U/KB | 110.21 |
| SHINHAN BANK - MANILA BRANCH | U/KB | 132.80 |
| ISLA BANK(A THRIFT BANK) INC | Thrift | 176.13 |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | U/KB | 265.19 |
| SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH | U/KB | 301.17 |
| BATAAN SAVINGS AND LOAN BANK | Thrift | NA |
| Philippine Banking System | ||
| Tier One CAR | ||
| June 30, 2016 | ||
| Bank | Type of Bank | Tier One CAR |
| CARD SME BANK INC A THRIFT BANK | Thrift | 4.72 |
| LUZON DEVELOPMENT BANK | Thrift | 8.63 |
| WEALTH DEVELOPMENT BANK CORPORATION | Thrift | 8.83 |
| MIZUHO BANK LTD - MANILA BRANCH | U/KB | 9.07 |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | Thrift | 9.20 |
| CHINA BANK SAVINGS INC | Thrift | 9.24 |
| THE PALAWAN BANK (PALAWAN DB) INC | Thrift | 9.60 |
| PHIL POSTAL SAVINGS BANK INC | Thrift | 9.82 |
| UNITED COCONUT PLANTERS BANK | U/KB | 10.08 |
| BDO UNIBANK INC | U/KB | 10.36 |
| EAST WEST BANKING CORP | U/KB | 10.91 |
| LAND BANK OF THE PHILIPPINES | U/KB | 11.09 |
| PHIL BANK OF COMMUNICATIONS | U/KB | 11.67 |
| PHIL SAVINGS BANK | Thrift | 11.72 |
| BANK OF THE PHIL ISLANDS | U/KB | 11.75 |
| PHIL NATIONAL BANK | U/KB | 11.90 |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | Thrift | 12.01 |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | U/KB | 12.07 |
| RCBC SAVINGS BANK INC | Thrift | 12.45 |
| DEVELOPMENT BANK OF THE PHIL | U/KB | 12.48 |
| UNION BANK OF THE PHILS | U/KB | 12.79 |
| BPI FAMILY SAVINGS BANK INC | Thrift | 13.08 |
| RIZAL COMM'L BANKING CORP | U/KB | 13.12 |
| METROPOLITAN BANK & TRUST CO | U/KB | 13.25 |
| CITY SAVINGS BANK INC | Thrift | 13.65 |
| CHINA BANKING CORP | U/KB | 13.77 |
| VILLAGE BANK INC (A THRIFT BANK) | Thrift | 13.81 |
| ASIA UNITED BANK CORPORATION | U/KB | 13.89 |
| MAYBANK PHILIPPINES INC | U/KB | 14.47 |
| STANDARD CHARTERED BANK | U/KB | 14.55 |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | Thrift | 14.92 |
| BANK OF CHINA LIMITED | U/KB | 15.08 |
| ANZ BANKING GROUP LTD | U/KB | 15.13 |
| MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | 15.41 |
| UNIVERSITY SAVINGS BANK INC | Thrift | 15.55 |
| PRODUCERS SAVINGS BANK CORPORATION | Thrift | 16.46 |
| CITYSTATE SAVINGS BANK INC | Thrift | 16.48 |
| PHILIPPINE VETERANS BANK | U/KB | 16.53 |
| UCPB SAVINGS BANK | Thrift | 16.66 |
| CITIBANK, N.A. | U/KB | 16.93 |
| HONGKONG & SHANGHAI BANKING CORP | U/KB | 17.25 |
| WORLD PARTNERS BANK (A THRIFT BANK) | Thrift | 17.25 |
| MEGA INT'L COMM'L BANK CO LTD | U/KB | 17.32 |
| HIYAS BANKING CORPORATION | Thrift | 17.64 |
| SECURITY BANK CORP | U/KB | 17.84 |
| FARMERS SAVINGS & LOAN BANK INC | Thrift | 18.16 |
| DEUTSCHE BANK AG | U/KB | 18.75 |
| BANK OF MAKATI (A SAVINGS BANK) INC | Thrift | 18.78 |
| BANK OF COMMERCE | U/KB | 19.13 |
| BATAAN DEVELOPMENT BANK | Thrift | 19.47 |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | Thrift | 19.53 |
| BDO PRIVATE BANK, INC. | U/KB | 20.96 |
| CTBC BANK (PHILIPPINES) CORP | U/KB | 21.08 |
| METRO CEBU PUBLIC SAVINGS BANK | Thrift | 21.32 |
| MBANK PHILIPPINES (A THRIFT BANK) INC | Thrift | 22.75 |
| DUMAGUETE CITY DEV BANK INC | Thrift | 24.09 |
| LIFE SAVINGS BANK INC | Thrift | 24.89 |
| FIRST CONSOLIDATED BANK INC (A PDB) | Thrift | 25.46 |
| JP MORGAN CHASE BANK NATIONAL ASSN. | U/KB | 25.87 |
| KEB HANA BANK - MANILA BRANCH | U/KB | 25.98 |
| BANGKOK BANK PUBLIC CO LTD | U/KB | 28.83 |
| LEGAZPI SAVINGS BANK INC | Thrift | 29.12 |
| HSBC SAVINGS BANK PHILIPPINES | Thrift | 29.66 |
| BPI DIRECT SAVINGS BANK INC | Thrift | 30.00 |
| SUN SAVINGS BANK INC | Thrift | 30.06 |
| ROBINSONS BANK CORPORATION | U/KB | 32.65 |
| LEMERY SAVINGS & LOAN BANK, INC. | Thrift | 34.03 |
| CORDILLERA SAVINGS BANK INC | Thrift | 36.13 |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | Thrift | 37.94 |
| MALASIQUI PROGRESSIVE SLB, INC | Thrift | 39.83 |
| NORTHPOINT DEV'T BANK INC | Thrift | 40.20 |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | 40.22 |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | Thrift | 44.62 |
| PHIL TRUST COMPANY | U/KB | 44.86 |
| PNB SAVINGS BANK | Thrift | 45.39 |
| BANK OF AMERICA N.A. | U/KB | 46.69 |
| PACIFIC ACE SAVINGS BANK INC | Thrift | 51.46 |
| PHIL STAR DEVELOPMENT BANK INC | Thrift | 51.67 |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | U/KB | 52.74 |
| BANK ONE SAVINGS AND TRUST CORP. | Thrift | 58.01 |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | Thrift | 58.16 |
| SAMPAGUITA SAVINGS BANK INC | Thrift | 63.67 |
| ING BANK N.V. | U/KB | 70.96 |
| MERCHANTS SAVINGS & LOAN ASSN INC | Thrift | 73.56 |
| TONGYANG SAVINGS BANK INC | Thrift | 76.31 |
| CENTURY SAVINGS BANK CORPORATION | Thrift | 79.62 |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | U/KB | 96.54 |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | U/KB | 110.21 |
| TOWER DEVELOPMENT BANK | Thrift | 119.56 |
| PAMPANGA DEVELOPMENT BANK | Thrift | 128.84 |
| SHINHAN BANK - MANILA BRANCH | U/KB | 132.64 |
| ISLA BANK(A THRIFT BANK) INC | Thrift | 175.84 |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | U/KB | 265.49 |
| SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH | U/KB | 300.06 |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | Thrift | NA |
| BATAAN SAVINGS AND LOAN BANK | Thrift | NA |
| BUSINESS AND CONSUMERS BANK (A DB) | Thrift | NA |
| ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | NA |
| EQUICOM SAVINGS BANK INC | Thrift | NA |
| INTER-ASIA DEVELOPMENT BANK | Thrift | NA |
| MARITIME SAVINGS BANK CORPORATION | Thrift | NA |
| OPTIMUM DEVELOPMENT BANK INC | Thrift | NA |
| Philippine Banking System | ||
| Common Tier 1 Ratio | ||
| June 30, 2016 | ||
| Bank | Type of Bank | Common Tier 1 Ratio |
| MIZUHO BANK LTD - MANILA BRANCH | U/KB | 9.07 |
| CHINA BANK SAVINGS INC | Thrift | 9.24 |
| BDO UNIBANK INC | U/KB | 10.02 |
| EAST WEST BANKING CORP | U/KB | 10.91 |
| LAND BANK OF THE PHILIPPINES | U/KB | 11.09 |
| PHIL BANK OF COMMUNICATIONS | U/KB | 11.67 |
| PHIL SAVINGS BANK | Thrift | 11.72 |
| BANK OF THE PHIL ISLANDS | U/KB | 11.75 |
| PHIL NATIONAL BANK | U/KB | 11.90 |
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | U/KB | 12.07 |
| RCBC SAVINGS BANK INC | Thrift | 12.45 |
| DEVELOPMENT BANK OF THE PHIL | U/KB | 12.48 |
| UNION BANK OF THE PHILS | U/KB | 12.79 |
| BPI FAMILY SAVINGS BANK INC | Thrift | 13.08 |
| RIZAL COMM'L BANKING CORP | U/KB | 13.12 |
| METROPOLITAN BANK & TRUST CO | U/KB | 13.25 |
| CITY SAVINGS BANK INC | Thrift | 13.65 |
| CHINA BANKING CORP | U/KB | 13.77 |
| ASIA UNITED BANK CORPORATION | U/KB | 13.89 |
| MAYBANK PHILIPPINES INC | U/KB | 14.47 |
| STANDARD CHARTERED BANK | U/KB | 14.55 |
| PHILIPPINE VETERANS BANK | U/KB | 14.86 |
| ANZ BANKING GROUP LTD | U/KB | 15.13 |
| BDO PRIVATE BANK, INC. | U/KB | 16.80 |
| CITIBANK, N.A. | U/KB | 16.93 |
| HONGKONG & SHANGHAI BANKING CORP | U/KB | 17.25 |
| MEGA INT'L COMM'L BANK CO LTD | U/KB | 17.32 |
| SECURITY BANK CORP | U/KB | 17.84 |
| DEUTSCHE BANK AG | U/KB | 18.75 |
| BANK OF COMMERCE | U/KB | 19.13 |
| CTBC BANK (PHILIPPINES) CORP | U/KB | 21.08 |
| JP MORGAN CHASE BANK NATIONAL ASSN. | U/KB | 25.87 |
| KEB HANA BANK - MANILA BRANCH | U/KB | 25.98 |
| BANGKOK BANK PUBLIC CO LTD | U/KB | 28.83 |
| LEGAZPI SAVINGS BANK INC | Thrift | 29.12 |
| HSBC SAVINGS BANK PHILIPPINES | Thrift | 29.66 |
| BPI DIRECT SAVINGS BANK INC | Thrift | 30.00 |
| ROBINSONS BANK CORPORATION | U/KB | 32.65 |
| PHIL TRUST COMPANY | U/KB | 44.86 |
| PNB SAVINGS BANK | Thrift | 45.38 |
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | U/KB | 52.74 |
| ING BANK N.V. | U/KB | 70.96 |
| MERCHANTS SAVINGS & LOAN ASSN INC | Thrift | 73.56 |
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | U/KB | 96.54 |
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | U/KB | 110.21 |
| SHINHAN BANK - MANILA BRANCH | U/KB | 132.64 |
| SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH | U/KB | 300.06 |
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | Thrift | NA |
| BANK OF AMERICA N.A. | U/KB | NA |
| BANK OF CHINA LIMITED | U/KB | NA |
| BANK OF MAKATI (A SAVINGS BANK) INC | Thrift | NA |
| BANK ONE SAVINGS AND TRUST CORP. | Thrift | NA |
| BATAAN DEVELOPMENT BANK | Thrift | NA |
| BATAAN SAVINGS AND LOAN BANK | Thrift | NA |
| BUSINESS AND CONSUMERS BANK (A DB) | Thrift | NA |
| CARD SME BANK INC A THRIFT BANK | Thrift | NA |
| CENTURY SAVINGS BANK CORPORATION | Thrift | NA |
| CITYSTATE SAVINGS BANK INC | Thrift | NA |
| CORDILLERA SAVINGS BANK INC | Thrift | NA |
| DUMAGUETE CITY DEV BANK INC | Thrift | NA |
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | Thrift | NA |
| ENTERPRISE BANK INC (A THRIFT BANK) | Thrift | NA |
| EQUICOM SAVINGS BANK INC | Thrift | NA |
| FARMERS SAVINGS & LOAN BANK INC | Thrift | NA |
| FIRST CONSOLIDATED BANK INC (A PDB) | Thrift | NA |
| HIYAS BANKING CORPORATION | Thrift | NA |
| INTER-ASIA DEVELOPMENT BANK | Thrift | NA |
| ISLA BANK(A THRIFT BANK) INC | Thrift | NA |
| LEMERY SAVINGS & LOAN BANK, INC. | Thrift | NA |
| LIFE SAVINGS BANK INC | Thrift | NA |
| LUZON DEVELOPMENT BANK | Thrift | NA |
| MALASIQUI PROGRESSIVE SLB, INC | Thrift | NA |
| MALAYAN BANK SAVINGS AND MORT BANK INC | Thrift | NA |
| MARITIME SAVINGS BANK CORPORATION | Thrift | NA |
| MBANK PHILIPPINES (A THRIFT BANK) INC | Thrift | NA |
| METRO CEBU PUBLIC SAVINGS BANK | Thrift | NA |
| NORTHPOINT DEV'T BANK INC | Thrift | NA |
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | Thrift | NA |
| OPTIMUM DEVELOPMENT BANK INC | Thrift | NA |
| PACIFIC ACE SAVINGS BANK INC | Thrift | NA |
| PAMPANGA DEVELOPMENT BANK | Thrift | NA |
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | Thrift | NA |
| PHIL POSTAL SAVINGS BANK INC | Thrift | NA |
| PHIL STAR DEVELOPMENT BANK INC | Thrift | NA |
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | Thrift | NA |
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | Thrift | NA |
| PRODUCERS SAVINGS BANK CORPORATION | Thrift | NA |
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | Thrift | NA |
| QUEZON COCONUT BANK INC (A THRIFT BANK) | Thrift | NA |
| SAMPAGUITA SAVINGS BANK INC | Thrift | NA |
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | Thrift | NA |
| SUN SAVINGS BANK INC | Thrift | NA |
| THE PALAWAN BANK (PALAWAN DB) INC | Thrift | NA |
| TONGYANG SAVINGS BANK INC | Thrift | NA |
| TOWER DEVELOPMENT BANK | Thrift | NA |
| UCPB SAVINGS BANK | Thrift | NA |
| UNITED COCONUT PLANTERS BANK | U/KB | NA |
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | U/KB | NA |
| UNIVERSITY SAVINGS BANK INC | Thrift | NA |
| VILLAGE BANK INC (A THRIFT BANK) | Thrift | NA |
| WEALTH DEVELOPMENT BANK CORPORATION | Thrift | NA |
| WORLD PARTNERS BANK (A THRIFT BANK) | Thrift | NA |
Source: www.bsp.gov.ph
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