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Monday, May 29, 2017

Are Philippine Banks Under Provisioning Loan Losses? - As of December 31, 2016

Are Philippine banks under provisioning loan losses?

On the face of it, no.

At 1.40% as of December 31, 2016, NPLs as a percentage of Total Loan Portfolios are at historic lows.




The NPL Coverage Ratio is at historic highs at 144.67% as of December 31, 2016. 



However, NPLs can go much higher than current levels.  Over the past thirty-four years, NPLs as a percentage of Total Loan Portfolios averaged 8.78% for Philippine Universal and Commercial Banks. Moreover, Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP) have averaged 4.68% for the past thirty years.  As can be seen from the chart below, loan loss reserves hit a peak of 22.23% of TLP in 1986, an outlier.  Without this outlier, LLR/TLP average is 4.14% for the past thirty-four years.



As of December 31, 2016, LLR/TLP stands at 2.02%, which is below the historical average of 4.14%, indicating that Philippine banks are under-provisioning for loan losses, given historical norms. If Philippine banks were to maintain higher loan loss provisions to conform to historical averages, bank earnings will suffer but will be better provisioned for future losses.


Now, which banks have not adequately provisioned for loan losses at their current NPL levels, which are at historic lows? Those highlighted in yellow (below 80% NPL Coverage Ratio) are prime candidates.

Philippine Banking System
NPL Coverage Ratio
December 31, 2016








Bank Loan Loss Provisions Gross NPLs NPL Coverage Ratio
PHIL POSTAL SAVINGS BANK INC 333,047,322.48 2,105,663,775.71 15.82%
CITYSTATE SAVINGS BANK INC 28,194,883.83 119,756,629.16 23.54%
EQUICOM SAVINGS BANK INC 146,840,980.06 601,715,967.86 24.40%
LUZON DEVELOPMENT BANK 140,505,149.80 544,175,490.99 25.82%
MARITIME SAVINGS BANK CORPORATION 6,948,645.24 24,652,054.39 28.19%
LIFE SAVINGS BANK INC 4,875,321.67 14,205,894.15 34.32%
WORLD PARTNERS BANK (A THRIFT BANK) 43,933,367.98 107,415,667.13 40.90%
PHIL STAR DEVELOPMENT BANK INC 8,584,607.75 19,238,385.28 44.62%
OPTIMUM DEVELOPMENT BANK INC 44,215,809.90 90,959,273.89 48.61%
CHINA BANK SAVINGS INC 2,173,488,033.39 4,293,974,170.33 50.62%
MALAYAN BANK SAVINGS AND MORT BANK INC 294,054,415.63 574,727,293.20 51.16%
ENTERPRISE BANK INC (A THRIFT BANK) 121,353,813.66 232,694,561.97 52.15%
BANK ONE SAVINGS AND TRUST CORP. 12,136,266.46 23,101,952.55 52.53%
PAMPANGA DEVELOPMENT BANK 26,936,446.48 49,744,868.65 54.15%
MALASIQUI PROGRESSIVE SLB, INC 6,951,706.48 12,713,229.25 54.68%
1ST VALLEY BANK INC A DEVELOPMENT BANK 191,949,568.34 346,548,011.68 55.39%
WEALTH DEVELOPMENT BANK CORPORATION 133,572,223.76 240,199,722.90 55.61%
RCBC SAVINGS BANK INC 2,069,453,414.48 3,715,336,441.78 55.70%
METRO CEBU PUBLIC SAVINGS BANK 12,188,817.06 21,100,005.39 57.77%
PRODUCERS SAVINGS BANK CORPORATION 180,254,314.44 311,505,684.33 57.87%
UNIVERSITY SAVINGS BANK INC 42,642,434.66 72,145,206.72 59.11%
CENTURY SAVINGS BANK CORPORATION 21,061,844.89 34,734,041.96 60.64%
STANDARD CHARTERED BANK 1,296,634,374.95 2,123,003,347.70 61.08%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 4,030,509.10 6,509,512.97 61.92%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 93,435,088.93 146,519,151.74 63.77%
UCPB SAVINGS BANK 622,663,549.91 975,156,384.32 63.85%
PNB SAVINGS BANK 549,213,325.97 829,192,484.27 66.23%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 636,882,137.36 936,700,031.78 67.99%
ANZ BANKING GROUP LTD 277,452,243.24 404,087,064.26 68.66%
EAST WEST BANKING CORP 5,654,352,021.70 8,227,387,109.25 68.73%
NORTHPOINT DEV'T BANK INC 85,299,972.67 122,915,455.83 69.40%
BUSINESS AND CONSUMERS BANK (A DB) 10,375,153.50 13,970,890.80 74.26%
BATAAN DEVELOPMENT BANK 23,381,061.33 31,340,481.42 74.60%
BANK OF MAKATI (A SAVINGS BANK) INC 1,690,714,265.05 2,243,073,464.02 75.37%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 724,420,435.39 955,755,336.48 75.80%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) 30,270,872.06 39,444,210.03 76.74%
PHILIPPINE VETERANS BANK 1,462,735,170.55 1,898,738,872.12 77.04%
UNITED COCONUT PLANTERS BANK 4,694,474,678.64 5,989,286,726.79 78.38%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 22,353,345.69 28,178,352.90 79.33%
INTER-ASIA DEVELOPMENT BANK 6,196,487.82 7,566,983.61 81.89%
HIYAS BANKING CORPORATION 28,859,545.81 34,826,424.16 82.87%
MAYBANK PHILIPPINES INCORPORATED 1,700,075,880.09 2,036,189,716.30 83.49%
CITY SAVINGS BANK INC 1,341,372,690.55 1,530,120,230.40 87.66%
BATAAN SAVINGS AND LOAN BANK 1,595,044.62 1,808,578.20 88.19%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 1,182,951,000.48 1,322,295,019.15 89.46%
LEGAZPI SAVINGS BANK INC 401,890,347.92 447,417,498.87 89.82%
DUMAGUETE CITY DEV BANK INC 18,933,844.50 20,850,370.14 90.81%
LEMERY SAVINGS & LOAN BANK, INC. 2,738,284.63 2,987,856.52 91.65%
BPI FAMILY SAVINGS BANK INC 6,971,409,756.08 7,497,941,572.20 92.98%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 20,622,537.49 22,071,051.75 93.44%
HONGKONG & SHANGHAI BANKING CORP 748,260,867.39 797,673,955.04 93.81%
PHIL BANK OF COMMUNICATIONS 2,159,595,324.29 2,259,014,990.06 95.60%
CORDILLERA SAVINGS BANK INC 14,015,675.60 14,588,524.39 96.07%
PHIL SAVINGS BANK 4,468,782,709.06 4,531,110,557.04 98.62%
BPI DIRECT BANKO INC A SAVINGS BANK 540,016,696.62 547,319,743.95 98.67%
YUANTA SAVINGS BANK PHILIPPINES INC 111,191,258.04 112,039,320.83 99.24%
SUN SAVINGS BANK INC 15,438,316.50 15,103,167.59 102.22%
ROBINSONS BANK CORPORATION 708,610,993.75 691,088,663.30 102.54%
FIRST CONSOLIDATED BANK INC (A PDB) 630,486,394.06 590,763,111.01 106.72%
VILLAGE BANK INC (A THRIFT BANK) 21,809,265.59 20,037,722.29 108.84%
FARMERS SAVINGS & LOAN BANK INC 25,477,401.82 22,696,612.39 112.25%
UNION BANK OF THE PHILS 8,777,174,140.57 7,778,178,634.93 112.84%
BANK OF COMMERCE 2,083,915,313.03 1,777,798,286.62 117.22%
ASIA UNITED BANK CORPORATION 1,916,602,888.31 1,475,266,303.18 129.92%
PHIL NATIONAL BANK 11,645,626,722.87 8,771,559,273.58 132.77%
DEVELOPMENT BANK OF THE PHIL 6,615,553,742.00 4,802,651,348.83 137.75%
MERCHANTS SAVINGS & LOAN ASSN INC 21,430,018.40 15,291,332.84 140.14%
THE PALAWAN BANK (PALAWAN DB) INC 21,908,732.90 14,849,692.88 147.54%
LAND BANK OF THE PHILIPPINES 10,634,578,515.79 7,173,190,275.55 148.25%
BDO UNIBANK INC 24,450,320,470.09 15,854,555,894.59 154.22%
CHINA BANKING CORP 5,823,531,628.37 3,728,985,069.67 156.17%
HSBC SAVINGS BANK(PHILS) INC 100,965,502.80 63,448,045.28 159.13%
CTBC BANK (PHILIPPINES) CORP 745,517,901.51 460,786,467.63 161.79%
BANK OF CHINA LIMITED-MANILA BRANCH 329,957,085.86 189,040,895.91 174.54%
CARD SME BANK INC A THRIFT BANK 85,236,684.08 48,473,003.59 175.84%
BANK OF THE PHIL ISLANDS 14,289,383,788.97 7,688,633,689.58 185.85%
KEB HANA BANK - MANILA BRANCH 52,723,292.43 28,022,199.88 188.15%
RIZAL COMM'L BANKING CORP 3,619,363,187.41 1,913,419,749.01 189.16%
PHIL TRUST COMPANY 2,264,032,428.42 1,172,897,983.43 193.03%
SECURITY BANK CORP 4,464,914,745.62 1,956,583,647.77 228.20%
QUEZON COCONUT BANK INC (A THRIFT BANK) 1,225,133.86 440,570.84 278.08%
METROPOLITAN BANK & TCO 13,049,114,638.69 3,683,099,014.74 354.30%
CITIBANK, N.A. 3,828,457,128.45 869,608,224.33 440.25%
BANGKOK BANK PUBLIC CO LTD 369,607,500.00 43,936,941.43 841.22%
ING BANK N.V. 106,771,914.09 101.44 105256224.46%
BANK OF AMERICA N.A. 27,700,000.00 0.00 NA
BDO PRIVATE BANK, INC. 182,621,734.84 0.00 NA
CATHAY UNITED BANK CO LTD - MANILA BRANCH 10,880,436.94 0.00 NA
DEUTSCHE BANK AG 77,821,547.23 0.00 NA
FIRST COMMERCIAL BANK LTD MANILA BRANCH 0.00 0.00 NA
INDUSTRIAL BANK OF KOREA MANILA BRANCH 10,271,834.32 0.00 NA
ISLA BANK(A THRIFT BANK) INC 4,290,580.33 0.00 NA
JP MORGAN CHASE BANK NATIONAL ASSN. 19,265,114.78 0.00 NA
MEGA INT'L COMM'L BANK CO LTD 410,834,943.20 0.00 NA
MIZUHO BANK LTD - MANILA BRANCH 349,964,606.89 0.00 NA
SHINHAN BANK - MANILA BRANCH 5,330,996.00 0.00 NA
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 82,338,553.67 0.00 NA
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 388,210,030.46 0.00 NA
Grand Total 161,909,651,400.37 130,563,795,522.67 124.01%


Source: www.bsp.gov.ph

Monday, May 22, 2017

The Top Distressed Philippine Banks as of December 31, 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.  A bank that has a Distressed Ratio greater than 100% is flagged as borderline insolvent.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks

This is a list of the top distressed Universal and Commercial (U/KB) as well as Thrift Banks in the Philippines as of December 31, 2016.  It updates a previous blog post: "The Top Distressed Philippine Banks as of September 30, 2016".


To see where your bank stands relative to these banks, please check the previous blog post: "Philippine Banks Improve Slightly in the 4th Qtr of 2016".

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
December 31, 2016
In Php









December 31, 2016
Bank Total Distressed Assets (In PhP) Total Capital Cushion (In PhP) Distressed Assets/ Total Capital Cushion (In %)
BANK OF CHINA LIMITED-MANILA BRANCH 15,126,831,458.02 2,672,347,692.15 566.05%
INTER-ASIA DEVELOPMENT BANK 239,393,425.75 60,760,898.70 393.99%
UNITED COCONUT PLANTERS BANK 28,974,612,581.23 8,061,344,680.37 359.43%
PHIL POSTAL SAVINGS BANK INC 2,687,447,627.94 1,362,809,795.55 197.20%
VILLAGE BANK INC (A THRIFT BANK) 179,830,047.40 98,485,627.30 182.60%
MALAYAN BANK SAVINGS AND MORT BANK INC 1,956,205,970.05 1,283,661,051.68 152.39%
ENTERPRISE BANK INC (A THRIFT BANK) 519,127,042.07 382,097,130.25 135.86%
LUZON DEVELOPMENT BANK 870,877,129.17 658,520,505.27 132.25%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 3,075,137,866.11 2,476,919,001.92 124.15%
EQUICOM SAVINGS BANK INC 920,564,320.14 758,995,198.35 121.29%
CHINA BANK SAVINGS INC 11,166,509,804.59 9,234,578,383.26 120.92%
WORLD PARTNERS BANK (A THRIFT BANK) 276,257,129.54 234,701,101.62 117.71%
BATAAN DEVELOPMENT BANK 111,558,649.63 96,657,335.55 115.42%
LEGAZPI SAVINGS BANK INC 935,044,558.32 882,809,922.80 105.92%
YUANTA SAVINGS BANK PHILIPPINES INC 1,123,456,087.91 1,105,008,705.94 101.67%
Grand Total 68,162,853,697.87 29,369,697,030.71 232.09%
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 December 31, 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.

Wednesday, May 17, 2017

Philippine Banks Improve Slightly in the 4th 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 decreased by Php 5.83 billion or 0.92% from September 30, 2016 to December 31, 2016.  This increase was amplified by the increase of their Total Capital Cushion of Php 32.38 billion or 2.16% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased slightly by 0.75%, from 42.21% as of September 30, 2016 to 40.94% as of December 31, 2016. On a year on year basis, the Distressed Asset Ratio has dropped 12.73% from 46.91% as of December 31, 2015 to just 40.94% as of December 31, 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. Farmers Savings & Loan Bank Inc (80.41% decrease)
  2. Village Bank Inc (70.63% decrease)
  3. Wealth Development Bank (68.41% decrease)
  4. Citibank, N.A. (59.33% decrease)
  5. Merchant Savings & Loan Association Inc (59.17% decrease)
  6. Mega International Commercial Bank Ltd (47.98% decrease)
  7. Deutsche Bank AG (47.14% decrease)
  8. Mizuho Bank Ltd - Manila Branch (45.57% decrease)
  9. Metro Cebu Public Savings Bank (27.65% decrease)
  10. ING Bank N.V. (27.62% decrease)
The banks that exhibited significant deterioration (25% or more) in this ratio include:

  1. Shinhan Bank - Manila Branch (244.39% increase)
  2. BPI Direct Banko Inc (132.60% increase)
  3. PNB Savings Bank (55.82% increase)
  4. Malasiqui Progressive SLB, Inc (43.49% increase)
  5. Hiyas Banking Corporation (42.55% increase)
  6. Dungganon Bank (33.51% increase)
  7. United Coconut Planters Bank (28.73% increase)
  8. Isla Bank (28.71% increase)
  9. Card SME Bank Inc (26.12% increase)


Distressed Banks



The list of Philippine Banks classified as distressed as of December 31, 2016 are as follows:

  1. Bank of China Limited - Manila Branch (Distressed Ratio of 566.05%)
  2. Inter-Asia Development Bank (Distressed Ratio of 393.99%)
  3. United Coconut Planters Bank (Distressed Ratio of 359.43%)
  4. Philippine Postal Savings Bank Inc (Distressed Ratio of 197.20%)
  5. Village Bank Inc (Distressed Ratio of 182.60%)
  6. Malayan Bank Savings and Mortgage Bank Inc (Distressed Ratio of 152.39%)
  7. Enterprise Bank Inc (Distressed Ratio of 135.86%)
  8. Luzon Development Bank (Distressed Ratio of 132.25%)
  9. Philippine Resources Savings Banking Corporation (Distressed Ratio of 124.15%)
  10. Equicom Savings Bank Inc (Distressed Ratio of 121.29%)
  11. China Bank Savings Inc (Distressed Ratio of 120.92%)
  12. World Partners Bank (Distressed Ratio of 117.71%)
  13. Bataan Development Bank (Distressed Ratio of 115.42%)
  14. Legazpi Savings Bank (Distressed Ratio of 105.92%)
  15. Yuanta Savings Bank Philippines (Distressed Ratio of 101.67%)


As a group, the distressed banks showed a sharp deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 232.09% as of December 31, 2016, up from 195.61% as of September 30, 2016.  


Departures

There have been three departures from the list of Distressed Banks since September 30, 2016:

  1. Metro Cebu Public Savings Bank, which had a distressed ratio of 103.50% as of September 30, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 74.88% as of December 31, 2016.
  2. Citibank, N.A., which had a distressed ratio of 149.46% as of September 30, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 60.78% as of December 31, 2016.
  3. Farmers Savings & Loan Bank Inc, which had a distressed ratio of 102.25% as of September 30, 2016, also dropped out of the list of Distressed Banks with a distressed ratio of 20.03% as of December 31, 2016.
Arrivals

  1. Yuanta Savings Bank Philippines Inc, entered the Distressed Banks list with a Distressed Ratio of 101.67% as of December 31, 2016, from a Distressed Ratio of 99.04% as of September 30, 2016.



Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2016 to December 31, 2016
In %















Bank December 31, 2016 September 30, 2016 Variance % Variance
SHINHAN BANK - MANILA BRANCH 1.42% 0.41% 1.01% 244.39%
BPI DIRECT BANKO INC A SAVINGS BANK 45.54% 19.58% 25.96% 132.60%
PNB SAVINGS BANK 19.39% 12.44% 6.95% 55.82%
MALASIQUI PROGRESSIVE SLB, INC 24.94% 17.38% 7.56% 43.49%
HIYAS BANKING CORPORATION 35.51% 24.91% 10.60% 42.55%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 51.67% 38.70% 12.97% 33.51%
UNITED COCONUT PLANTERS BANK 359.43% 279.20% 80.22% 28.73%
ISLA BANK(A THRIFT BANK) INC 3.02% 2.35% 0.67% 28.71%
CARD SME BANK INC A THRIFT BANK 30.78% 24.40% 6.37% 26.12%
BDO PRIVATE BANK, INC. 46.61% 38.07% 8.53% 22.41%
ROBINSONS BANK CORPORATION 24.15% 20.14% 4.01% 19.90%
NORTHPOINT DEV'T BANK INC 40.04% 33.52% 6.52% 19.44%
BANK OF COMMERCE 71.73% 61.89% 9.85% 15.91%
CATHAY UNITED BANK CO LTD - MANILA BRANCH 1.60% 1.38% 0.22% 15.85%
INTER-ASIA DEVELOPMENT BANK 393.99% 351.54% 42.45% 12.08%
CITY SAVINGS BANK INC 55.87% 50.59% 5.28% 10.44%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 38.09% 34.53% 3.56% 10.30%
WORLD PARTNERS BANK (A THRIFT BANK) 117.71% 107.38% 10.32% 9.61%
PHIL SAVINGS BANK 80.29% 73.43% 6.85% 9.33%
BDO UNIBANK INC 37.08% 34.14% 2.94% 8.60%
MAYBANK PHILIPPINES INCORPORATED 73.89% 68.21% 5.68% 8.32%
THE PALAWAN BANK (PALAWAN DB) INC 70.88% 65.89% 4.99% 7.58%
RIZAL COMM'L BANKING CORP 27.14% 25.31% 1.84% 7.25%
LAND BANK OF THE PHILIPPINES 32.87% 30.75% 2.13% 6.92%
EAST WEST BANKING CORP 74.27% 69.80% 4.48% 6.41%
MALAYAN BANK SAVINGS AND MORT BANK INC 152.39% 144.47% 7.92% 5.49%
UNIVERSITY SAVINGS BANK INC 43.83% 41.56% 2.27% 5.47%
BANK OF THE PHIL ISLANDS 24.57% 23.49% 1.08% 4.62%
BANK OF MAKATI (A SAVINGS BANK) INC 57.06% 54.60% 2.46% 4.50%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 0.40% 0.38% 0.02% 4.27%
PHIL POSTAL SAVINGS BANK INC 197.20% 189.95% 7.25% 3.82%
INDUSTRIAL BANK OF KOREA MANILA BRANCH 7.99% 7.71% 0.28% 3.65%
UNION BANK OF THE PHILS 63.43% 61.38% 2.05% 3.34%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 41.30% 40.02% 1.27% 3.19%
YUANTA SAVINGS BANK PHILIPPINES INC 101.67% 99.04% 2.63% 2.66%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 124.15% 121.40% 2.75% 2.26%
RCBC SAVINGS BANK INC 76.53% 74.87% 1.67% 2.22%
LEGAZPI SAVINGS BANK INC 105.92% 104.23% 1.69% 1.62%
DUMAGUETE CITY DEV BANK INC 51.23% 50.52% 0.71% 1.40%
EQUICOM SAVINGS BANK INC 121.29% 119.86% 1.42% 1.19%
QUEZON COCONUT BANK INC (A THRIFT BANK) 22.49% 22.36% 0.13% 0.59%
SECURITY BANK CORP 14.64% 14.59% 0.05% 0.36%
STANDARD CHARTERED BANK 47.30% 47.20% 0.09% 0.20%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) 58.19% 58.11% 0.08% 0.13%
PHIL BANK OF COMMUNICATIONS 76.88% 77.18% -0.30% -0.39%
BPI FAMILY SAVINGS BANK INC 51.51% 51.78% -0.27% -0.52%
HSBC SAVINGS BANK(PHILS) INC 11.56% 11.68% -0.11% -0.96%
BANK ONE SAVINGS AND TRUST CORP. 38.33% 38.92% -0.58% -1.50%
BATAAN DEVELOPMENT BANK 115.42% 117.40% -1.98% -1.69%
FIRST CONSOLIDATED BANK INC (A PDB) 34.80% 35.52% -0.72% -2.03%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 58.85% 60.34% -1.49% -2.47%
CORDILLERA SAVINGS BANK INC 47.22% 48.42% -1.20% -2.48%
METROPOLITAN BANK & TCO 28.95% 29.79% -0.84% -2.81%
ENTERPRISE BANK INC (A THRIFT BANK) 135.86% 139.94% -4.08% -2.92%
CHINA BANK SAVINGS INC 120.92% 124.60% -3.68% -2.96%
SUN SAVINGS BANK INC 14.70% 15.24% -0.53% -3.49%
CENTURY SAVINGS BANK CORPORATION 9.81% 10.17% -0.36% -3.55%
BANK OF CHINA LIMITED-MANILA BRANCH 566.05% 590.69% -24.64% -4.17%
PHIL NATIONAL BANK 51.29% 53.75% -2.46% -4.58%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 11.45% 12.03% -0.58% -4.81%
LUZON DEVELOPMENT BANK 132.25% 138.96% -6.71% -4.83%
BATAAN SAVINGS AND LOAN BANK 3.42% 3.61% -0.19% -5.24%
PHILIPPINE VETERANS BANK 84.21% 89.04% -4.83% -5.42%
JP MORGAN CHASE BANK NATIONAL ASSN. 6.85% 7.29% -0.44% -6.04%
ASIA UNITED BANK CORPORATION 38.32% 41.23% -2.91% -7.06%
CTBC BANK (PHILIPPINES) CORP 17.68% 19.05% -1.37% -7.20%
LIFE SAVINGS BANK INC 27.51% 29.68% -2.17% -7.31%
PHIL TRUST COMPANY 29.14% 31.49% -2.35% -7.45%
PAMPANGA DEVELOPMENT BANK 34.72% 37.74% -3.02% -8.00%
MARITIME SAVINGS BANK CORPORATION 49.53% 54.31% -4.79% -8.82%
BUSINESS AND CONSUMERS BANK (A DB) 18.30% 20.11% -1.81% -9.02%
PHIL STAR DEVELOPMENT BANK INC 34.86% 38.61% -3.75% -9.72%
KEB HANA BANK - MANILA BRANCH 11.55% 12.84% -1.29% -10.05%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 62.50% 69.57% -7.08% -10.17%
CHINA BANKING CORP 33.62% 38.27% -4.65% -12.15%
LEMERY SAVINGS & LOAN BANK, INC. 9.93% 11.31% -1.38% -12.22%
1ST VALLEY BANK INC A DEVELOPMENT BANK 31.69% 36.33% -4.64% -12.78%
UCPB SAVINGS BANK 77.73% 89.30% -11.57% -12.95%
BANK OF AMERICA N.A. 1.03% 1.20% -0.16% -13.60%
BANGKOK BANK PUBLIC CO LTD 3.59% 4.19% -0.60% -14.28%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 2.42% 2.89% -0.47% -16.18%
HONGKONG & SHANGHAI BANKING CORP 24.87% 30.34% -5.46% -18.01%
PRODUCERS SAVINGS BANK CORPORATION 64.78% 79.28% -14.50% -18.29%
CITYSTATE SAVINGS BANK INC 43.78% 54.75% -10.97% -20.03%
DEVELOPMENT BANK OF THE PHIL 39.84% 50.78% -10.94% -21.54%
OPTIMUM DEVELOPMENT BANK INC 26.05% 33.30% -7.24% -21.76%
ANZ BANKING GROUP LTD 24.84% 31.87% -7.03% -22.07%
ING BANK N.V. 16.98% 23.45% -6.48% -27.62%
METRO CEBU PUBLIC SAVINGS BANK 74.88% 103.50% -28.62% -27.65%
MIZUHO BANK LTD - MANILA BRANCH 5.25% 9.65% -4.40% -45.57%
DEUTSCHE BANK AG 26.36% 49.87% -23.51% -47.14%
MEGA INT'L COMM'L BANK CO LTD 25.98% 49.95% -23.97% -47.98%
MERCHANTS SAVINGS & LOAN ASSN INC 2.18% 5.33% -3.16% -59.17%
CITIBANK, N.A. 60.78% 149.46% -88.68% -59.33%
WEALTH DEVELOPMENT BANK CORPORATION 29.19% 92.40% -63.21% -68.41%
VILLAGE BANK INC (A THRIFT BANK) 182.60% 621.78% -439.19% -70.63%
FARMERS SAVINGS & LOAN BANK INC 20.03% 102.25% -82.22% -80.41%
BPI GLOBE BANKO INC A SAVINGS BANK NA 126.68% -126.68% -100.00%
MICROFINANCE MAXIMUM SB INC NA 80.83% -80.83% -100.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) NA 108.22% -108.22% -100.00%
PACIFIC ACE SAVINGS BANK INC NA 8.81% -8.81% -100.00%
TOWER DEVELOPMENT BANK NA 47.35% -47.35% -100.00%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH NA 0.32% -0.32% -100.00%
FIRST COMMERCIAL BANK LTD MANILA BRANCH 0.51% NA 0.51% NA
Grand Total 40.94% 42.21% -0.32% -0.75%
Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2016 to December 31, 2016
In Php


















December 31, 2016


September 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 %)
BANK OF CHINA LIMITED-MANILA BRANCH 15,126,831,458.02 2,672,347,692.15 566.05%
15,884,638,392.11 2,689,164,904.41 590.69%
INTER-ASIA DEVELOPMENT BANK 239,393,425.75 60,760,898.70 393.99%
212,979,011.00 60,584,384.65 351.54%
UNITED COCONUT PLANTERS BANK 28,974,612,581.23 8,061,344,680.37 359.43%
32,102,996,014.60 11,498,031,004.25 279.20%
PHIL POSTAL SAVINGS BANK INC 2,687,447,627.94 1,362,809,795.55 197.20%
2,644,058,195.81 1,391,970,544.82 189.95%
VILLAGE BANK INC (A THRIFT BANK) 179,830,047.40 98,485,627.30 182.60%
612,421,717.03 98,494,178.93 621.78%
MALAYAN BANK SAVINGS AND MORT BANK INC 1,956,205,970.05 1,283,661,051.68 152.39%
1,705,740,200.89 1,180,703,393.55 144.47%
ENTERPRISE BANK INC (A THRIFT BANK) 519,127,042.07 382,097,130.25 135.86%
445,204,238.91 318,128,721.32 139.94%
LUZON DEVELOPMENT BANK 870,877,129.17 658,520,505.27 132.25%
947,553,825.59 681,879,488.39 138.96%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 3,075,137,866.11 2,476,919,001.92 124.15%
3,149,430,598.89 2,594,212,149.30 121.40%
EQUICOM SAVINGS BANK INC 920,564,320.14 758,995,198.35 121.29%
962,220,185.53 802,760,372.06 119.86%
CHINA BANK SAVINGS INC 11,166,509,804.59 9,234,578,383.26 120.92%
11,502,350,011.50 9,231,129,298.27 124.60%
WORLD PARTNERS BANK (A THRIFT BANK) 276,257,129.54 234,701,101.62 117.71%
234,255,813.06 218,147,250.07 107.38%
BATAAN DEVELOPMENT BANK 111,558,649.63 96,657,335.55 115.42%
111,829,792.01 95,255,014.64 117.40%
LEGAZPI SAVINGS BANK INC 935,044,558.32 882,809,922.80 105.92%
920,117,253.90 882,809,874.96 104.23%
YUANTA SAVINGS BANK PHILIPPINES INC 1,123,456,087.91 1,105,008,705.94 101.67%
1,091,195,078.72 1,101,801,279.40 99.04%
PHILIPPINE VETERANS BANK 5,813,408,772.81 6,903,137,432.84 84.21%
6,128,626,789.32 6,882,691,056.50 89.04%
PHIL SAVINGS BANK 17,806,133,956.96 22,178,636,172.40 80.29%
16,335,800,242.39 22,246,259,757.61 73.43%
UCPB SAVINGS BANK 2,665,243,340.27 3,428,720,199.39 77.73%
2,617,384,151.46 2,930,976,589.08 89.30%
PHIL BANK OF COMMUNICATIONS 8,348,705,859.85 10,859,291,581.53 76.88%
8,343,181,891.69 10,809,644,841.50 77.18%
RCBC SAVINGS BANK INC 8,879,650,366.22 11,602,333,846.39 76.53%
8,823,137,742.06 11,784,892,977.02 74.87%
METRO CEBU PUBLIC SAVINGS BANK 68,153,059.60 91,015,811.52 74.88%
71,187,151.70 68,780,352.78 103.50%
EAST WEST BANKING CORP 27,036,399,581.46 36,402,000,855.23 74.27%
24,440,249,323.06 35,017,063,657.03 69.80%
MAYBANK PHILIPPINES INCORPORATED 10,003,286,900.08 13,538,862,099.91 73.89%
9,552,620,728.10 14,005,171,618.14 68.21%
BANK OF COMMERCE 13,050,827,432.03 18,193,111,829.37 71.73%
11,080,632,494.58 17,903,872,851.40 61.89%
THE PALAWAN BANK (PALAWAN DB) INC 28,718,057.14 40,515,065.36 70.88%
34,760,993.44 52,757,089.98 65.89%
PRODUCERS SAVINGS BANK CORPORATION 1,047,955,606.91 1,617,773,988.39 64.78%
1,278,492,764.69 1,612,656,579.39 79.28%
UNION BANK OF THE PHILS 39,841,281,822.31 62,809,305,314.47 63.43%
38,305,786,615.78 62,404,019,383.94 61.38%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 344,061,778.20 550,531,931.42 62.50%
348,619,047.69 501,085,850.93 69.57%
CITIBANK, N.A. 10,385,233,914.27 17,086,459,291.36 60.78%
28,176,037,619.07 18,852,261,103.84 149.46%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 1,840,068,702.44 3,126,545,761.22 58.85%
1,877,984,965.12 3,112,303,401.13 60.34%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) 264,727,798.72 454,943,864.25 58.19%
264,739,345.36 455,558,644.74 58.11%
BANK OF MAKATI (A SAVINGS BANK) INC 4,205,149,616.05 7,370,251,259.05 57.06%
3,799,981,842.16 6,959,682,748.89 54.60%
CITY SAVINGS BANK INC 4,742,578,997.91 8,488,295,958.79 55.87%
4,244,005,576.64 8,388,672,790.43 50.59%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 62,788,421.90 121,524,055.84 51.67%
47,280,882.49 122,172,520.67 38.70%
BPI FAMILY SAVINGS BANK INC 14,819,531,849.59 28,771,568,606.47 51.51%
14,819,916,399.51 28,622,351,260.29 51.78%
PHIL NATIONAL BANK 60,599,154,710.85 118,157,606,806.42 51.29%
59,516,977,998.52 110,733,779,078.20 53.75%
DUMAGUETE CITY DEV BANK INC 138,353,989.35 270,074,160.98 51.23%
136,438,351.61 270,074,160.98 50.52%
MARITIME SAVINGS BANK CORPORATION 35,387,766.68 71,452,966.96 49.53%
38,808,990.61 71,452,966.96 54.31%
STANDARD CHARTERED BANK 3,869,199,565.44 8,180,830,061.99 47.30%
3,995,981,689.84 8,465,797,581.97 47.20%
CORDILLERA SAVINGS BANK INC 70,319,992.41 148,912,543.90 47.22%
65,267,964.75 134,785,913.82 48.42%
BDO PRIVATE BANK, INC. 2,360,663,792.30 5,065,100,238.11 46.61%
1,928,150,460.89 5,064,379,487.11 38.07%
BPI DIRECT BANKO INC A SAVINGS BANK 919,786,987.98 2,019,573,463.87 45.54%
346,582,279.55 1,770,071,069.57 19.58%
UNIVERSITY SAVINGS BANK INC 126,667,303.33 289,016,791.59 43.83%
115,096,517.16 276,973,352.60 41.56%
CITYSTATE SAVINGS BANK INC 331,352,095.50 756,794,369.28 43.78%
344,204,846.88 628,667,648.72 54.75%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 4,240,343,744.50 10,268,291,322.69 41.30%
4,075,650,331.51 10,183,864,044.55 40.02%
NORTHPOINT DEV'T BANK INC 170,023,538.90 424,608,422.63 40.04%
139,644,305.90 416,546,047.01 33.52%
DEVELOPMENT BANK OF THE PHIL 19,294,706,319.83 48,427,385,550.96 39.84%
24,376,921,181.44 48,006,013,548.91 50.78%
BANK ONE SAVINGS AND TRUST CORP. 220,631,078.54 575,561,384.50 38.33%
223,997,011.35 575,561,384.50 38.92%
ASIA UNITED BANK CORPORATION 9,278,006,250.81 24,213,265,697.34 38.32%
10,031,822,209.41 24,331,987,761.55 41.23%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 259,432,187.16 681,047,909.21 38.09%
234,840,041.43 680,011,705.67 34.53%
BDO UNIBANK INC 82,361,772,589.44 222,129,864,926.92 37.08%
76,136,533,744.10 222,999,322,839.75 34.14%
HIYAS BANKING CORPORATION 64,378,638.71 181,272,201.82 35.51%
43,453,453.98 174,414,155.90 24.91%
PHIL STAR DEVELOPMENT BANK INC 35,546,067.15 101,975,258.53 34.86%
36,367,453.43 94,193,073.16 38.61%
FIRST CONSOLIDATED BANK INC (A PDB) 1,366,180,244.75 3,925,892,000.89 34.80%
1,412,687,398.85 3,977,305,800.36 35.52%
PAMPANGA DEVELOPMENT BANK 53,771,813.32 154,884,142.04 34.72%
58,804,073.65 155,826,308.90 37.74%
CHINA BANKING CORP 21,668,009,646.02 64,449,112,327.99 33.62%
22,654,461,082.61 59,196,817,840.27 38.27%
LAND BANK OF THE PHILIPPINES 25,936,446,320.74 78,898,242,798.67 32.87%
23,483,761,468.34 76,380,341,399.61 30.75%
1ST VALLEY BANK INC A DEVELOPMENT BANK 478,409,830.13 1,509,636,707.55 31.69%
573,486,311.25 1,578,449,331.56 36.33%
CARD SME BANK INC A THRIFT BANK 190,987,150.14 620,521,098.74 30.78%
147,334,015.38 603,735,496.45 24.40%
WEALTH DEVELOPMENT BANK CORPORATION 406,174,709.01 1,391,408,552.86 29.19%
416,522,000.87 450,764,257.74 92.40%
PHIL TRUST COMPANY 6,741,060,316.21 23,130,994,453.97 29.14%
6,887,190,709.66 21,870,665,739.27 31.49%
METROPOLITAN BANK & TCO 61,436,255,576.43 212,212,640,479.13 28.95%
57,636,985,792.23 193,503,073,725.35 29.79%
LIFE SAVINGS BANK INC 18,504,420.33 67,261,879.66 27.51%
19,905,065.65 67,061,879.66 29.68%
RIZAL COMM'L BANKING CORP 16,620,564,557.66 61,237,910,163.72 27.14%
15,419,591,509.84 60,934,061,092.34 25.31%
DEUTSCHE BANK AG 560,927,535.79 2,127,918,284.06 26.36%
1,069,574,585.24 2,144,753,150.08 49.87%
OPTIMUM DEVELOPMENT BANK INC 227,362,646.92 872,676,014.05 26.05%
290,579,440.45 872,676,014.05 33.30%
MEGA INT'L COMM'L BANK CO LTD 579,904,746.17 2,231,943,410.87 25.98%
1,051,808,747.82 2,105,844,697.67 49.95%
MALASIQUI PROGRESSIVE SLB, INC 14,739,957.93 59,092,503.42 24.94%
10,420,997.37 59,947,162.60 17.38%
HONGKONG & SHANGHAI BANKING CORP 3,476,624,597.15 13,976,676,208.74 24.87%
4,303,593,767.75 14,185,618,654.53 30.34%
ANZ BANKING GROUP LTD 1,118,232,629.80 4,502,641,749.66 24.84%
1,409,278,006.15 4,421,958,168.30 31.87%
BANK OF THE PHIL ISLANDS 39,032,361,017.73 158,859,660,704.92 24.57%
37,965,606,085.55 161,652,937,291.06 23.49%
ROBINSONS BANK CORPORATION 3,218,763,345.34 13,328,883,285.32 24.15%
2,673,535,928.04 13,274,165,117.42 20.14%
QUEZON COCONUT BANK INC (A THRIFT BANK) 13,243,555.47 58,896,033.08 22.49%
13,239,059.95 59,221,680.74 22.36%
FARMERS SAVINGS & LOAN BANK INC 25,902,674.63 129,294,538.69 20.03%
138,639,165.85 135,581,798.70 102.25%
PNB SAVINGS BANK 2,338,539,469.62 12,062,171,039.90 19.39%
1,453,340,073.64 11,680,844,277.56 12.44%
BUSINESS AND CONSUMERS BANK (A DB) 17,516,186.54 95,724,586.04 18.30%
19,625,958.65 97,578,376.44 20.11%
CTBC BANK (PHILIPPINES) CORP 1,338,228,290.83 7,571,131,213.35 17.68%
1,417,330,686.50 7,441,382,931.55 19.05%
ING BANK N.V. 442,500,094.03 2,606,771,914.09 16.98%
602,156,024.78 2,567,469,911.66 23.45%
SUN SAVINGS BANK INC 28,885,136.55 196,444,008.63 14.70%
24,099,990.97 158,182,089.41 15.24%
SECURITY BANK CORP 13,597,727,664.78 92,876,035,419.44 14.64%
13,600,179,349.19 93,222,924,135.67 14.59%
HSBC SAVINGS BANK(PHILS) INC 215,364,569.32 1,862,329,637.76 11.56%
226,543,414.62 1,940,149,361.55 11.68%
KEB HANA BANK - MANILA BRANCH 182,755,492.84 1,582,723,292.43 11.55%
203,102,758.62 1,582,187,086.00 12.84%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 40,580,697.68 354,263,955.59 11.45%
42,626,078.02 354,210,597.42 12.03%
LEMERY SAVINGS & LOAN BANK, INC. 8,134,521.83 81,920,093.91 9.93%
8,992,248.60 79,492,740.49 11.31%
CENTURY SAVINGS BANK CORPORATION 95,088,612.40 969,488,170.41 9.81%
98,591,498.93 969,488,170.41 10.17%
INDUSTRIAL BANK OF KOREA MANILA BRANCH 174,287,566.49 2,181,032,346.27 7.99%
168,035,906.48 2,179,577,546.63 7.71%
JP MORGAN CHASE BANK NATIONAL ASSN. 96,310,874.42 1,406,989,114.78 6.85%
102,505,557.47 1,406,989,114.78 7.29%
MIZUHO BANK LTD - MANILA BRANCH 302,151,194.29 5,749,964,606.89 5.25%
296,573,545.89 3,071,984,357.75 9.65%
BANGKOK BANK PUBLIC CO LTD 124,474,567.07 3,464,889,177.00 3.59%
144,115,804.76 3,438,679,927.00 4.19%
BATAAN SAVINGS AND LOAN BANK 2,046,274.98 59,861,620.72 3.42%
2,184,511.93 60,558,902.93 3.61%
ISLA BANK(A THRIFT BANK) INC 20,165,338.56 666,976,418.68 3.02%
15,673,052.66 667,204,109.68 2.35%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 120,244,555.91 4,967,420,166.75 2.42%
143,448,087.02 4,967,420,166.75 2.89%
MERCHANTS SAVINGS & LOAN ASSN INC 15,291,332.84 702,306,744.45 2.18%
33,016,766.76 619,174,473.51 5.33%
CATHAY UNITED BANK CO LTD - MANILA BRANCH 34,251,488.85 2,137,548,971.18 1.60%
29,524,928.87 2,134,582,377.08 1.38%
SHINHAN BANK - MANILA BRANCH 31,233,161.68 2,205,330,996.00 1.42%
9,065,023.55 2,204,319,050.00 0.41%
BANK OF AMERICA N.A. 21,965,204.45 2,123,761,205.20 1.03%
25,424,152.25 2,123,761,205.20 1.20%
FIRST COMMERCIAL BANK LTD MANILA BRANCH 10,751,218.35 2,119,950,000.00 0.51%



SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 51,755,204.23 13,084,187,806.49 0.40%
49,565,518.17 13,065,157,352.82 0.38%
BPI GLOBE BANKO INC A SAVINGS BANK



581,281,529.56 458,848,427.45 126.68%
MICROFINANCE MAXIMUM SB INC



36,227,802.36 44,821,096.62 80.83%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)



167,435,912.01 154,721,453.56 108.22%
PACIFIC ACE SAVINGS BANK INC



6,456,937.13 73,307,008.59 8.81%
TOWER DEVELOPMENT BANK



60,995,199.76 128,821,638.67 47.35%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH



7,655,902.47 2,406,778,051.65 0.32%

626,287,162,161.68 1,529,842,565,877.60 40.94%
632,116,935,162.34 1,497,387,265,300.73 42.21%

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 December 31, 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.