Philippine Banks Deteriorate Slightly in the 3rd Qtr. of 2016

Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning. Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.

Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks  



Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks increased by Php 2.95 billion or 0.47% from June 30, 2016 to September 30, 2016.  This increase was partially offset by a tiny 0.02% increase in their Total Capital Cushion during the same period.  As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks increased slightly by 0.16%, from 42.07% as of June 30, 2016 to 42.23% as of September 30, 2016. On a year on year basis, the Distressed Asset Ratio has dropped 14.01% from 49.11% as of September 30, 2015 to just 42.23% as of September 30, 2016.

Those banks that posted significant improvements (25% or more) in this ratio include (Distressed banks are highlighted in yellow, failed banks are highlighted in red):

1. JP Morgan Chase Bank National Association (81.86% decrease)
2. Dumaguete City Development Bank Inc (54.01% decrease)
3. The Bank of Tokyo-Mitsubishi UFJ Ltd (46.93% decrease)
4. Century Savings Bank Corporation (44.37% decrease)
5. CTBC Bank (Philippines) Corp (42.66% decrease)
6. Philippine Star Development Bank (39.68% decrease)
7. Standard Chartered Bank (38.64% decrease)
8. Robinsons Bank Corporation (28.91% decrease)
9. The Palawan Bank Inc (26.26% decrease)
10. Bank of Commerce (25.81% decrease)
11. United Oversease Bank Limited - Manila Branch (25.10% decrease)

The banks that exhibited significant deterioration (25% or more) in this ratio include:

1. Industrial Bank of Korea - Manila Branch (227.16% increase)
2. Shinhan Bank - Manila Branch (115.80% increase)
3. ING Bank N.V. (96.58% increase)
4. Farmers Savings & Loan Bank Inc (57.82% increase)
5. Bank of China Limited - Manila Branch (45.39% increase)
6. BDO Private Bank, Inc. (38.42% increase)
7. World Partners Bank (30.42% increase)
8. Queen City Development Bank (28.25% increase)
9. Maybank Philippines Inc (26.21% increase)

Distressed Banks

The list of Philippine Banks classified as distressed as of September 30, 2016 are as follows:

1. Village Bank Inc (Distressed Ratio of 621.78%)
2. Bank of China Limited - Manila Branch (Distressed Ratio of 590.69%)
3. Inter-Asia Development Bank (Distressed Ratio of 351.54%)
4. United Coconut Planters Bank (Distressed Ratio of 279.20%)
5. Philippine Postal Savings Bank (Distressed Ratio of 189.95%)
6. Citibank, N.A. (Distressed Ratio of 149.46%)
7. Malayan Bank Savings and Mortgage Bank Inc (Distressed Ratio of 144.47%)
8. Enterprise Bank (Distressed Ratio of 139.94%)
9. Luzon Development Bank (Distressed Ratio of 138.96%)
10. BPI Globe Banko Inc (Distressed Ratio of 126.68%)
11. China Bank Savings Inc (Distressed Ratio of 124.60%)
12. Philippine Resources Savings Banking Corporation (Distressed Ratio of 121.40%)
13. Equicom Savings Bank Inc (Distressed Ratio of 119.86%)
14. Bataan Development Bank (Distressed Ratio of 117.40%)
15. Opportunity Kauswagan Bank Inc (Distressed Ratio of 108.22%)
16. World Partners Bank (Distressed Ratio of 107.38%)
17. Legazpi Savings Bank (Distressed Ratio of 104.23%)
18. Metro Cebu Public Savings Bank (Distressed Ratio of 103.50%)
19. Farmers Savings & Loan Bank Inc (Distressed Ratio of 102.25%)

As a group, the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 195.61% as of September 30, 2016, down from 200.97% as of June 30, 2016.  

Departures

There has been one departure from the list of Distressed Banks since September 30, 2016:

1. Dumaguete City Development Bank Inc, which had a distressed ratio of 109.86% as of June 30, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 50.52% as of September 30, 2016.

Arrivals

1. Opportunity Kauswagan Bank Inc, entered the list of Distressed Banks with a Distressed Ratio of 108.22% as of September 30, 2016, from a Distressed Ratio of 93.29% as of June 30, 2016.
2. World Partners Bank, entered the Distressed Banks list with a Distressed Ratio of 107.38% as of September 30, 2016, from a Distressed Ratio of 82.34% as of June 30, 2016.
3. Farmers Savings & Loan Bank Inc, entered the Distressed Banks list with a Distressed Ratio of 102.25% as of September 30, 2016, from a Distressed Ratio of 64.79% as of June 30, 2016.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2016 to September 30, 2016
In %
Bank	September 30, 2016	June 30, 2016	Variance	% Variance
INDUSTRIAL BANK OF KOREA MANILA BRANCH	7.71%	2.36%	5.35%	227.16%
SHINHAN BANK - MANILA BRANCH	0.41%	0.19%	0.22%	115.80%
ING BANK N.V.	23.45%	11.93%	11.52%	96.58%
FARMERS SAVINGS & LOAN BANK INC	102.25%	64.79%	37.46%	57.82%
BANK OF CHINA LIMITED-MANILA BRANCH	590.69%	406.28%	184.41%	45.39%
BDO PRIVATE BANK, INC.	38.07%	27.51%	10.57%	38.42%
WORLD PARTNERS BANK (A THRIFT BANK)	107.38%	82.34%	25.05%	30.42%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	34.53%	26.93%	7.61%	28.25%
MAYBANK PHILIPPINES INC	68.21%	54.04%	14.16%	26.21%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	40.02%	32.28%	7.74%	23.97%
ANZ BANKING GROUP LTD	31.87%	26.56%	5.31%	20.01%
PHIL POSTAL SAVINGS BANK INC	189.95%	158.76%	31.19%	19.65%
BATAAN SAVINGS AND LOAN BANK	3.61%	3.03%	0.58%	19.07%
PNB SAVINGS BANK	12.44%	10.45%	1.99%	19.01%
PRODUCERS SAVINGS BANK CORPORATION	79.28%	67.67%	11.61%	17.15%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	108.22%	93.29%	14.93%	16.01%
METROPOLITAN BANK & TCO	29.79%	25.72%	4.07%	15.83%
DEVELOPMENT BANK OF THE PHIL	50.78%	44.12%	6.65%	15.08%
ISLA BANK(A THRIFT BANK) INC	2.35%	2.09%	0.26%	12.66%
RIZAL COMM'L BANKING CORP	25.31%	22.46%	2.84%	12.64%
BUSINESS AND CONSUMERS BANK (A DB)	20.11%	17.90%	2.22%	12.38%
UCPB SAVINGS BANK	89.30%	80.39%	8.91%	11.09%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	121.40%	109.51%	11.89%	10.86%
CITY SAVINGS BANK INC	50.59%	46.22%	4.37%	9.45%
CHINA BANKING CORP	38.27%	35.18%	3.09%	8.79%
CARD SME BANK INC A THRIFT BANK	24.40%	22.45%	1.95%	8.69%
HONGKONG & SHANGHAI BANKING CORP	30.34%	28.08%	2.26%	8.05%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.38%	0.35%	0.03%	7.78%
MICROFINANCE MAXIMUM SB INC	80.83%	75.25%	5.58%	7.41%
WEALTH DEVELOPMENT BANK CORPORATION	92.40%	86.44%	5.96%	6.90%
FIRST CONSOLIDATED BANK INC (A PDB)	35.52%	33.45%	2.07%	6.19%
MIZUHO BANK LTD - MANILA BRANCH	9.65%	9.12%	0.54%	5.91%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	38.70%	36.67%	2.03%	5.55%
NORTHPOINT DEV'T BANK INC	33.52%	31.80%	1.72%	5.41%
OPTIMUM DEVELOPMENT BANK INC	33.30%	31.76%	1.53%	4.83%
EAST WEST BANKING CORP	69.80%	67.13%	2.67%	3.97%
BPI FAMILY SAVINGS BANK INC	51.78%	49.91%	1.87%	3.74%
UNION BANK OF THE PHILS	61.38%	59.43%	1.96%	3.29%
PHIL SAVINGS BANK	73.43%	71.16%	2.27%	3.19%
MALAYAN BANK SAVINGS AND MORT BANK INC	144.47%	140.51%	3.96%	2.82%
SECURITY BANK CORP	14.59%	14.22%	0.37%	2.62%
INTER-ASIA DEVELOPMENT BANK	351.54%	343.35%	8.19%	2.39%
PHIL BANK OF COMMUNICATIONS	77.18%	75.42%	1.77%	2.34%
EQUICOM SAVINGS BANK INC	119.86%	117.13%	2.74%	2.34%
PHIL NATIONAL BANK	53.75%	52.75%	1.00%	1.90%
YUANTA SAVINGS BANK PHILIPPINES INC	99.04%	97.82%	1.22%	1.25%
PHIL TRUST COMPANY	31.49%	31.22%	0.27%	0.87%
UNITED COCONUT PLANTERS BANK	279.20%	276.92%	2.29%	0.83%
BPI GLOBE BANKO INC A SAVINGS BANK	126.68%	126.19%	0.50%	0.39%
LEGAZPI SAVINGS BANK INC	104.23%	103.87%	0.35%	0.34%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	12.03%	12.11%	-0.07%	-0.61%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	60.34%	60.71%	-0.37%	-0.62%
TOWER DEVELOPMENT BANK	47.35%	47.79%	-0.44%	-0.93%
ENTERPRISE BANK INC (A THRIFT BANK)	139.94%	141.27%	-1.33%	-0.94%
RCBC SAVINGS BANK INC	74.87%	75.68%	-0.81%	-1.07%
UNIVERSITY SAVINGS BANK INC	41.56%	42.06%	-0.50%	-1.19%
VILLAGE BANK INC (A THRIFT BANK)	621.78%	629.46%	-7.67%	-1.22%
BATAAN DEVELOPMENT BANK	117.40%	118.94%	-1.54%	-1.29%
PAMPANGA DEVELOPMENT BANK	37.74%	38.24%	-0.50%	-1.30%
PHILIPPINE VETERANS BANK	89.04%	90.46%	-1.41%	-1.56%
BPI DIRECT SAVINGS BANK INC	19.58%	19.91%	-0.33%	-1.66%
BANGKOK BANK PUBLIC CO LTD	4.19%	4.26%	-0.07%	-1.69%
CORDILLERA SAVINGS BANK INC	48.42%	49.57%	-1.15%	-2.31%
QUEZON COCONUT BANK INC (A THRIFT BANK)	22.36%	23.26%	-0.90%	-3.89%
KOREA EXCHANGE BANK	12.84%	13.36%	-0.53%	-3.93%
BANK OF THE PHIL ISLANDS	23.49%	24.54%	-1.05%	-4.30%
1ST VALLEY BANK INC A DEVELOPMENT BANK	36.33%	38.00%	-1.67%	-4.40%
BANGKO KABAYAN INC	58.11%	60.82%	-2.71%	-4.45%
LAND BANK OF THE PHILIPPINES	30.75%	32.26%	-1.51%	-4.69%
BANK ONE SAVINGS AND TRUST CORP.	38.92%	40.87%	-1.95%	-4.77%
HIYAS BANKING CORPORATION	24.91%	26.34%	-1.43%	-5.42%
SUN SAVINGS BANK INC	15.24%	16.20%	-0.97%	-5.96%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	69.57%	75.00%	-5.43%	-7.24%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	1.38%	1.50%	-0.12%	-7.76%
DEUTSCHE BANK AG	49.87%	54.23%	-4.36%	-8.04%
METRO CEBU PUBLIC SAVINGS BANK	103.50%	112.72%	-9.22%	-8.18%
HSBC SAVINGS BANK(PHILS) INC	11.68%	12.77%	-1.10%	-8.58%
BDO UNIBANK INC	34.14%	37.52%	-3.38%	-9.01%
LUZON DEVELOPMENT BANK	138.96%	152.74%	-13.78%	-9.02%
PACIFIC ACE SAVINGS BANK INC	8.81%	9.74%	-0.93%	-9.58%
MARITIME SAVINGS BANK CORPORATION	54.31%	62.07%	-7.75%	-12.49%
LEMERY SAVINGS & LOAN BANK, INC.	11.31%	12.94%	-1.63%	-12.59%
CITIBANK, N.A.	149.46%	173.93%	-24.47%	-14.07%
ASIA UNITED BANK CORPORATION	41.23%	48.04%	-6.81%	-14.18%
MALASIQUI PROGRESSIVE SLB, INC	17.38%	20.43%	-3.05%	-14.93%
BANK OF MAKATI (A SAVINGS BANK) INC	54.60%	64.94%	-10.34%	-15.92%
CITYSTATE SAVINGS BANK INC	54.75%	67.18%	-12.43%	-18.50%
BANK OF AMERICA N.A.	1.20%	1.48%	-0.28%	-19.10%
CHINA BANK SAVINGS INC	124.60%	155.87%	-31.27%	-20.06%
LIFE SAVINGS BANK INC	29.68%	38.05%	-8.36%	-21.98%
MEGA INT'L COMM'L BANK CO LTD	49.95%	65.64%	-15.69%	-23.90%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.32%	0.42%	-0.11%	-25.10%
BANK OF COMMERCE	61.89%	83.42%	-21.53%	-25.81%
THE PALAWAN BANK (PALAWAN DB) INC	65.89%	89.35%	-23.46%	-26.26%
ROBINSONS BANK CORPORATION	20.14%	28.33%	-8.19%	-28.91%
STANDARD CHARTERED BANK	47.20%	76.92%	-29.72%	-38.64%
PHIL STAR DEVELOPMENT BANK INC	38.61%	64.01%	-25.40%	-39.68%
CTBC BANK (PHILIPPINES) CORP	19.05%	33.22%	-14.17%	-42.66%
CENTURY SAVINGS BANK CORPORATION	10.17%	18.28%	-8.11%	-44.37%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.89%	5.44%	-2.55%	-46.93%
DUMAGUETE CITY DEV BANK INC	50.52%	109.86%	-59.34%	-54.01%
JP MORGAN CHASE BANK NATIONAL ASSN.	7.29%	40.16%	-32.87%	-81.86%
MERCHANTS SAVINGS & LOAN ASSN INC	NA	5.15%	NA	NA
SAMPAGUITA SAVINGS BANK INC	NA	35.58%	NA	NA
TONGYANG SAVINGS BANK INC	NA	97.82%	NA	NA
Grand Total	42.23%	42.07%	0.16%	0.39%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2016 to September 30, 2016
In Php
		September 30, 2016				June 30, 2016
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)		Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
VILLAGE BANK INC (A THRIFT BANK)	612,421,717.03	98,494,178.93	621.78%		619,979,347.90	98,494,178.93	629.46%
BANK OF CHINA LIMITED-MANILA BRANCH	15,884,638,392.11	2,689,164,904.41	590.69%		10,709,032,114.48	2,635,845,380.78	406.28%
INTER-ASIA DEVELOPMENT BANK	212,979,011.00	60,584,384.65	351.54%		205,993,228.66	59,995,124.07	343.35%
UNITED COCONUT PLANTERS BANK	32,102,996,014.60	11,498,031,004.25	279.20%		31,727,332,260.91	11,457,421,212.57	276.92%
PHIL POSTAL SAVINGS BANK INC	2,644,058,195.81	1,391,970,544.82	189.95%		2,186,152,732.18	1,377,028,468.11	158.76%
CITIBANK, N.A.	28,176,037,619.07	18,852,261,103.84	149.46%		32,795,763,879.23	18,855,820,098.26	173.93%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,705,740,200.89	1,180,703,393.55	144.47%		1,658,354,334.29	1,180,263,058.09	140.51%
ENTERPRISE BANK INC (A THRIFT BANK)	445,204,238.91	318,128,721.32	139.94%		449,426,495.64	318,128,721.32	141.27%
LUZON DEVELOPMENT BANK	947,553,825.59	681,879,488.39	138.96%		1,040,568,998.77	681,252,849.24	152.74%
BPI GLOBE BANKO INC A SAVINGS BANK	581,281,529.56	458,848,427.45	126.68%		574,296,874.95	455,113,701.90	126.19%
CHINA BANK SAVINGS INC	11,502,350,011.50	9,231,129,298.27	124.60%		11,788,231,465.15	7,562,884,881.59	155.87%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	3,149,430,598.89	2,594,212,149.30	121.40%		2,853,432,931.52	2,605,539,908.46	109.51%
EQUICOM SAVINGS BANK INC	962,220,185.53	802,760,372.06	119.86%		949,232,686.08	810,441,670.86	117.13%
BATAAN DEVELOPMENT BANK	111,829,792.01	95,255,014.64	117.40%		115,867,297.55	97,417,468.47	118.94%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	167,435,912.01	154,721,453.56	108.22%		132,798,576.96	142,355,582.61	93.29%
WORLD PARTNERS BANK (A THRIFT BANK)	234,255,813.06	218,147,250.07	107.38%		179,724,640.46	218,273,345.93	82.34%
LEGAZPI SAVINGS BANK INC	920,117,253.90	882,809,874.96	104.23%		918,499,747.08	884,259,426.32	103.87%
METRO CEBU PUBLIC SAVINGS BANK	71,187,151.70	68,780,352.78	103.50%		65,720,023.21	58,302,220.66	112.72%
FARMERS SAVINGS & LOAN BANK INC	138,639,165.85	135,581,798.70	102.25%		87,948,868.66	135,742,889.86	64.79%
YUANTA SAVINGS BANK PHILIPPINES INC	1,091,195,078.72	1,101,801,279.40	99.04%		1,080,087,121.33	1,104,181,017.06	97.82%
WEALTH DEVELOPMENT BANK CORPORATION	416,522,000.87	450,764,257.74	92.40%		480,634,472.47	556,021,224.86	86.44%
UCPB SAVINGS BANK	2,617,384,151.46	2,930,976,589.08	89.30%		2,350,794,808.96	2,924,384,249.64	80.39%
PHILIPPINE VETERANS BANK	6,128,626,789.32	6,882,691,056.50	89.04%		6,134,783,772.20	6,782,018,450.78	90.46%
MICROFINANCE MAXIMUM SB INC	36,227,802.36	44,821,096.62	80.83%		33,210,966.19	44,133,295.97	75.25%
PRODUCERS SAVINGS BANK CORPORATION	1,278,492,764.69	1,612,656,579.39	79.28%		1,071,730,473.61	1,583,706,929.50	67.67%
PHIL BANK OF COMMUNICATIONS	8,343,181,891.69	10,809,644,841.50	77.18%		8,105,832,394.15	10,748,220,252.55	75.42%
RCBC SAVINGS BANK INC	8,823,137,742.06	11,784,892,977.02	74.87%		8,831,331,985.13	11,669,892,977.02	75.68%
PHIL SAVINGS BANK	16,335,800,242.39	22,246,259,757.61	73.43%		15,902,621,170.70	22,348,225,366.90	71.16%
EAST WEST BANKING CORP	24,440,249,323.06	35,017,063,657.03	69.80%		23,254,500,115.26	34,641,215,021.54	67.13%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	348,619,047.69	501,085,850.93	69.57%		341,871,291.68	455,827,192.36	75.00%
MAYBANK PHILIPPINES INC	9,552,620,728.10	14,005,171,618.14	68.21%		7,173,384,329.68	13,273,460,867.36	54.04%
THE PALAWAN BANK (PALAWAN DB) INC	34,760,993.44	52,757,089.98	65.89%		46,543,023.64	52,090,298.66	89.35%
BANK OF COMMERCE	11,080,632,494.58	17,903,872,851.40	61.89%		14,820,807,582.42	17,766,487,799.14	83.42%
UNION BANK OF THE PHILS	38,305,786,615.78	62,404,019,383.94	61.38%		37,170,900,518.62	62,547,687,972.49	59.43%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,877,984,965.12	3,112,303,401.13	60.34%		1,877,710,906.23	3,092,696,092.40	60.71%
BANGKO KABAYAN INC	264,739,345.36	455,558,644.74	58.11%		283,330,865.76	465,864,536.80	60.82%
CITYSTATE SAVINGS BANK INC	344,204,846.88	628,667,648.72	54.75%		423,148,039.94	629,899,590.55	67.18%
BANK OF MAKATI (A SAVINGS BANK) INC	3,799,981,842.16	6,959,682,748.89	54.60%		4,709,931,912.17	7,252,754,185.59	64.94%
MARITIME SAVINGS BANK CORPORATION	38,808,990.61	71,452,966.96	54.31%		44,347,726.47	71,452,966.96	62.07%
PHIL NATIONAL BANK	59,516,977,998.52	110,733,779,078.20	53.75%		58,960,279,185.78	111,781,340,055.77	52.75%
BPI FAMILY SAVINGS BANK INC	14,819,916,399.51	28,622,351,260.29	51.78%		14,037,371,571.58	28,125,967,373.76	49.91%
DEVELOPMENT BANK OF THE PHIL	24,376,921,181.44	48,006,013,548.91	50.78%		21,145,209,685.53	47,921,639,771.50	44.12%
CITY SAVINGS BANK INC	4,244,005,576.64	8,388,672,790.43	50.59%		4,305,466,452.47	9,314,328,574.73	46.22%
DUMAGUETE CITY DEV BANK INC	136,438,351.61	270,074,160.98	50.52%		296,690,638.75	270,074,160.98	109.86%
MEGA INT'L COMM'L BANK CO LTD	1,051,808,747.82	2,105,844,697.67	49.95%		1,363,522,455.04	2,077,386,784.75	65.64%
DEUTSCHE BANK AG	1,069,574,585.24	2,144,753,150.08	49.87%		1,162,688,637.10	2,144,005,611.53	54.23%
CORDILLERA SAVINGS BANK INC	65,267,964.75	134,785,913.82	48.42%		66,009,597.63	133,164,213.82	49.57%
TOWER DEVELOPMENT BANK	60,995,199.76	128,821,638.67	47.35%		60,627,023.87	126,857,901.88	47.79%
STANDARD CHARTERED BANK	3,995,981,689.84	8,465,797,581.97	47.20%		6,497,771,198.61	8,447,476,654.25	76.92%
UNIVERSITY SAVINGS BANK INC	115,096,517.16	276,973,352.60	41.56%		116,355,527.49	276,673,352.60	42.06%
ASIA UNITED BANK CORPORATION	10,031,822,209.41	24,331,987,761.55	41.23%		11,830,855,921.64	24,627,249,496.23	48.04%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	4,075,650,331.51	10,183,864,044.55	40.02%		3,268,643,391.03	10,125,481,546.95	32.28%
BANK ONE SAVINGS AND TRUST CORP.	223,997,011.35	575,561,384.50	38.92%		239,281,366.95	585,519,717.87	40.87%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	47,280,882.49	122,172,520.67	38.70%		44,122,167.69	120,332,918.96	36.67%
PHIL STAR DEVELOPMENT BANK INC	36,367,453.43	94,193,073.16	38.61%		58,994,056.56	92,159,764.82	64.01%
CHINA BANKING CORP	22,654,461,082.61	59,196,817,840.27	38.27%		20,795,762,853.37	59,117,830,809.55	35.18%
BDO PRIVATE BANK, INC.	1,928,150,460.89	5,064,379,487.11	38.07%		1,612,766,083.53	5,863,528,764.61	27.51%
PAMPANGA DEVELOPMENT BANK	58,804,073.65	155,826,308.90	37.74%		58,793,524.53	153,766,308.90	38.24%
1ST VALLEY BANK INC A DEVELOPMENT BANK	573,486,311.25	1,578,449,331.56	36.33%		585,653,235.62	1,541,073,749.58	38.00%
FIRST CONSOLIDATED BANK INC (A PDB)	1,412,687,398.85	3,977,305,800.36	35.52%		1,323,691,560.42	3,957,381,599.15	33.45%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	234,840,041.43	680,011,705.67	34.53%		183,003,457.03	679,589,460.77	26.93%
BDO UNIBANK INC	76,136,533,744.10	222,999,322,839.75	34.14%		84,131,263,673.24	224,211,020,346.35	37.52%
NORTHPOINT DEV'T BANK INC	139,644,305.90	416,546,047.01	33.52%		130,332,474.72	409,803,569.78	31.80%
OPTIMUM DEVELOPMENT BANK INC	290,579,440.45	872,676,014.05	33.30%		277,199,937.76	872,676,014.05	31.76%
ANZ BANKING GROUP LTD	1,409,278,006.15	4,421,958,168.30	31.87%		1,196,009,082.24	4,503,785,092.02	26.56%
PHIL TRUST COMPANY	6,887,190,709.66	21,870,665,739.27	31.49%		6,825,647,719.44	21,862,744,639.38	31.22%
LAND BANK OF THE PHILIPPINES	23,483,761,468.34	76,380,341,399.61	30.75%		24,661,514,545.22	76,445,571,575.79	32.26%
HONGKONG & SHANGHAI BANKING CORP	4,303,593,767.75	14,185,618,654.53	30.34%		3,991,006,573.88	14,214,130,886.51	28.08%
METROPOLITAN BANK & TCO	57,636,985,792.23	193,503,073,725.35	29.79%		49,693,073,961.79	193,245,467,606.43	25.72%
LIFE SAVINGS BANK INC	19,905,065.65	67,061,879.66	29.68%		25,327,401.02	66,570,981.15	38.05%
RIZAL COMM'L BANKING CORP	15,419,591,509.84	60,934,061,092.34	25.31%		13,731,077,682.95	61,122,834,898.26	22.46%
HIYAS BANKING CORPORATION	43,453,453.98	174,414,155.90	24.91%		45,815,998.71	173,930,899.12	26.34%
CARD SME BANK INC A THRIFT BANK	147,334,015.38	603,735,496.45	24.40%		137,654,404.51	613,090,060.61	22.45%
BANK OF THE PHIL ISLANDS	37,965,606,085.55	161,652,937,291.06	23.49%		39,648,491,136.22	161,564,418,183.00	24.54%
ING BANK N.V.	602,156,024.78	2,567,469,911.66	23.45%		306,344,993.39	2,567,685,908.78	11.93%
QUEZON COCONUT BANK INC (A THRIFT BANK)	13,239,059.95	59,221,680.74	22.36%		13,783,057.28	59,257,121.40	23.26%
ROBINSONS BANK CORPORATION	2,673,535,928.04	13,274,165,117.42	20.14%		3,755,506,940.45	13,254,717,905.17	28.33%
BUSINESS AND CONSUMERS BANK (A DB)	19,625,958.65	97,578,376.44	20.11%		16,282,176.73	90,972,723.57	17.90%
BPI DIRECT SAVINGS BANK INC	346,582,279.55	1,770,071,069.57	19.58%		353,863,457.11	1,777,169,034.01	19.91%
CTBC BANK (PHILIPPINES) CORP	1,417,330,686.50	7,441,382,931.55	19.05%		2,429,237,114.34	7,312,712,143.15	33.22%
MALASIQUI PROGRESSIVE SLB, INC	10,420,997.37	59,947,162.60	17.38%		12,294,267.28	60,163,130.22	20.43%
SUN SAVINGS BANK INC	24,099,990.97	158,182,089.41	15.24%		25,545,270.57	157,678,505.91	16.20%
SECURITY BANK CORP	13,600,179,349.19	93,222,924,135.67	14.59%		13,158,640,511.91	92,558,782,092.26	14.22%
KOREA EXCHANGE BANK	203,102,758.62	1,582,187,086.00	12.84%		211,028,611.54	1,579,295,622.91	13.36%
PNB SAVINGS BANK	1,453,340,073.64	11,680,844,277.56	12.44%		1,215,841,638.98	11,629,696,240.70	10.45%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	42,626,078.02	354,210,597.42	12.03%		42,899,269.92	354,300,964.25	12.11%
HSBC SAVINGS BANK(PHILS) INC	226,543,414.62	1,940,149,361.55	11.68%		248,280,625.51	1,943,897,034.50	12.77%
LEMERY SAVINGS & LOAN BANK, INC.	8,992,248.60	79,492,740.49	11.31%		10,287,476.78	79,492,740.49	12.94%
CENTURY SAVINGS BANK CORPORATION	98,591,498.93	969,488,170.41	10.17%		173,197,442.00	947,419,573.39	18.28%
MIZUHO BANK LTD - MANILA BRANCH	296,573,545.89	3,071,984,357.75	9.65%		276,195,608.04	3,029,988,262.95	9.12%
PACIFIC ACE SAVINGS BANK INC	6,456,937.13	73,307,008.59	8.81%		7,157,243.30	73,474,102.32	9.74%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	168,035,906.48	2,179,577,546.63	7.71%		51,341,733.87	2,178,746,799.92	2.36%
JP MORGAN CHASE BANK NATIONAL ASSN.	102,505,557.47	1,406,989,114.78	7.29%		565,052,073.14	1,406,989,114.78	40.16%
BANGKOK BANK PUBLIC CO LTD	144,115,804.76	3,438,679,927.00	4.19%		145,532,155.32	3,413,773,927.00	4.26%
BATAAN SAVINGS AND LOAN BANK	2,184,511.93	60,558,902.93	3.61%		1,834,690.62	60,558,902.93	3.03%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	143,448,087.02	4,967,420,166.75	2.89%		270,315,539.75	4,967,420,166.75	5.44%
ISLA BANK(A THRIFT BANK) INC	15,673,052.66	667,204,109.68	2.35%		13,911,524.28	667,204,109.68	2.09%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	29,524,928.87	2,134,582,377.08	1.38%		31,992,853.23	2,133,441,578.30	1.50%
BANK OF AMERICA N.A.	25,424,152.25	2,123,761,205.20	1.20%		31,427,594.00	2,123,761,205.20	1.48%
SHINHAN BANK - MANILA BRANCH	9,065,023.55	2,204,319,050.00	0.41%		4,197,140.41	2,202,516,770.00	0.19%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	49,565,518.17	13,065,157,352.82	0.38%		45,930,206.03	13,048,951,437.01	0.35%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	7,655,902.47	2,406,778,051.65	0.32%		10,219,528.93	2,406,326,254.85	0.42%
MERCHANTS SAVINGS & LOAN ASSN INC	NA	NA	NA		31,896,242.39	619,754,920.06	5.15%
SAMPAGUITA SAVINGS BANK INC	NA	NA	NA		25,325,892.50	71,185,553.24	35.58%
TONGYANG SAVINGS BANK INC	NA	NA	NA		1,080,087,121.33	1,104,181,017.06	97.82%
Grand Total	632,083,918,395.58	1,496,768,090,827.22	42.23%		630,269,284,165.14	1,498,315,188,684.33	42.07%

Source: www.bsp.gov.ph

Disclaimer:

This list only serves as a screening guide.  It is not a definitive guide and must be taken in the context of other factors.  The figures are based on the individual banks' statement of condition as of September 30, 2016 and June 30, 2016 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.