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Sunday, August 25, 2019

Philippine Banks Deteriorate Slightly in the 1st Quarter of 2019

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 48.39 billion or 6.53% from December 31, 2018 to March 31, 2019.  This increase was offset by the increase of their Total Capital Cushion of Php 118.24 billion or 5.67% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by 0.15 percentage points, from 35.31% as of December 31, 2018 to 35.65% as of March 31, 2019. On a year on year basis, the Distressed Asset Ratio has decreased 2.69 percentage points from 38.34% as of March 31, 2018 to 35.65% as of March 31, 2019.




The list of Philippine Banks classified as distressed as of March 31, 2019 are as follows:


The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
March 31, 2019
In Php









March 31, 2019
Bank Total Distressed Assets (In PhP) Total Capital Cushion (In PhP) Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC  520,928,565.56 101,990,261.31 510.76%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC  837,425,414.89 188,221,991.32 444.91%
RB OF JAEN INC   258,121,386.76 59,232,407.94 435.78%
INTER-ASIA DEVELOPMENT BANK 322,846,792.97 91,796,389.86 351.70%
MOUNT MAKILING RURAL BANK INC  969,019,139.08 278,855,031.66 347.50%
COOP BANK OF CAGAYAN   360,288,378.47 105,322,538.61 342.08%
VILLAGE BANK INC (A RURAL BANK)  358,365,146.14 106,430,495.60 336.71%
RB OF BROOKE'S POINT (PALAWAN) INC  331,414,039.38 101,629,964.67 326.10%
BENGUET CENTER BANK INC A RB  205,435,049.13 64,294,387.22 319.52%
RB OF DULAG (LEYTE) INC  338,978,879.20 119,420,435.33 283.85%
COMMTY RB OF DAPITAN CITY INC  426,229,194.27 161,867,993.76 263.32%
UNITED COCONUT PLANTERS BANK 18,794,452,911.88 8,381,446,388.01 224.24%
MALAYAN BANK SAVINGS AND MORT BANK INC 3,255,668,126.89 1,468,433,302.28 221.71%
RB OF SAN MATEO(ISABELA) INC  303,422,072.05 137,514,038.45 220.65%
RB OF MIDSAYAP INC   220,745,255.45 102,966,058.13 214.39%
RB OF CARDONA (RIZAL) INC  291,338,000.94 142,508,947.39 204.43%
YUANTA SAVINGS BANK PHILIPPINES INC 1,913,632,862.61 992,257,234.14 192.86%
RB OF PILAR (BATAAN) INC  294,143,468.38 154,060,715.31 190.93%
RB OF GENERAL TRIAS INC  263,820,247.94 139,393,957.69 189.26%
TANAY RB INC   775,662,243.77 413,538,998.72 187.57%
PLANBANK "RB OF CANLUBANG PLANTERS INC"  280,875,875.93 154,425,067.15 181.88%
RBG IMPERIAL BANK INC(A RURAL BANK)  164,283,874.35 92,643,136.85 177.33%
BANK OF CHINA LIMITED-MANILA BRANCH 17,309,788,413.88 10,050,902,348.08 172.22%
VALIANT BANK INC (A RURAL BANK)  394,692,183.07 235,494,542.72 167.60%
RANG-AY BANK INC (A RURAL BANK)  899,504,899.99 538,461,371.90 167.05%
AMA RURAL BANK OF MANDALUYONG INC  1,405,295,708.26 891,921,691.67 157.56%
COUNTRY BUILDERS BANK INC (A RURAL BANK) 575,418,226.30 368,615,858.88 156.10%
RB OF BAMBANG (NUEVA VIZCAYA) INC  208,043,754.42 138,569,500.13 150.14%
RB OF SAN LUIS (PAMPANGA) INC  170,768,504.72 115,428,386.16 147.94%
RCBC SAVINGS BANK INC 22,189,756,941.39 15,268,125,557.71 145.33%
RB OF MARIA AURORA (AURORA) INC  345,004,673.41 238,887,658.99 144.42%
GRAND-AGRI RURAL BANK  81,669,317.16 61,608,243.49 132.56%
ENTERPRISE BANK INC (A THRIFT BANK) 566,919,073.84 432,863,823.39 130.97%
D' ASIAN HILLS BANK INC (A RURAL BANK)  167,331,970.65 139,095,628.07 120.30%
EQUICOM SAVINGS BANK INC 1,170,954,448.43 990,367,470.10 118.23%
PHIL BANK OF COMMUNICATIONS 14,790,357,661.06 12,773,089,763.85 115.79%
LUZON DEVELOPMENT BANK 837,650,136.98 724,473,558.19 115.62%
CHINA BANK SAVINGS INC 13,460,407,389.28 11,700,972,862.23 115.04%
GM BANK OF LUZON INC (A RURAL BANK)  571,934,530.73 505,251,055.09 113.20%
RB OF BAYOMBONG INC   206,127,762.26 184,378,189.97 111.80%
UCPB SAVINGS BANK 3,707,204,271.49 3,408,915,226.74 108.75%
GATEWAY RURAL BANK INC  131,735,366.51 121,478,790.50 108.44%
ILOCOS CONSOLIDATED COOPERATIVE BANK  296,194,247.45 277,471,591.70 106.75%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)  428,767,866.26 421,692,152.80 101.68%
Grand Total 111,402,624,273.58 73,146,315,013.76 152.30%






As a group, the distressed banks showed a decrease in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  152.30% as of March 31, 2019, down from 153.32% as of December 31, 2018.







 

 
Top Distressed Philippine Banks
Departures and Arrivals
Distressed Asset Ratios
December 31, 2018 to March 31, 2019
In %






Bank March 31, 2019 December 31, 2018
Arrivals

SAVIOUR RURAL BANK INC  510.76% 92.48%
ILOCOS CONSOLIDATED COOPERATIVE BANK  106.75% 90.29%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)  101.68% 74.81%
Departures

BOF INC (A RURAL BANK)  98.40% 105.28%
SUGBUANON RB INC   88.58% 158.87%
COMMON WEALTH RURAL BANK INC  84.85% 111.53%


Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2018 to March 31, 2019
In Php









March 31, 2019
Bank Total Distressed Assets (In PhP) Total Capital Cushion (In PhP) Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC  520,928,565.56 101,990,261.31 510.76%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC  837,425,414.89 188,221,991.32 444.91%
RB OF JAEN INC   258,121,386.76 59,232,407.94 435.78%
INTER-ASIA DEVELOPMENT BANK 322,846,792.97 91,796,389.86 351.70%
MOUNT MAKILING RURAL BANK INC  969,019,139.08 278,855,031.66 347.50%
COOP BANK OF CAGAYAN   360,288,378.47 105,322,538.61 342.08%
VILLAGE BANK INC (A RURAL BANK)  358,365,146.14 106,430,495.60 336.71%
RB OF BROOKE'S POINT (PALAWAN) INC  331,414,039.38 101,629,964.67 326.10%
BENGUET CENTER BANK INC A RB  205,435,049.13 64,294,387.22 319.52%
RB OF DULAG (LEYTE) INC  338,978,879.20 119,420,435.33 283.85%
COMMTY RB OF DAPITAN CITY INC  426,229,194.27 161,867,993.76 263.32%
UNITED COCONUT PLANTERS BANK 18,794,452,911.88 8,381,446,388.01 224.24%
MALAYAN BANK SAVINGS AND MORT BANK INC 3,255,668,126.89 1,468,433,302.28 221.71%
RB OF SAN MATEO(ISABELA) INC  303,422,072.05 137,514,038.45 220.65%
RB OF MIDSAYAP INC   220,745,255.45 102,966,058.13 214.39%
RB OF CARDONA (RIZAL) INC  291,338,000.94 142,508,947.39 204.43%
YUANTA SAVINGS BANK PHILIPPINES INC 1,913,632,862.61 992,257,234.14 192.86%
RB OF PILAR (BATAAN) INC  294,143,468.38 154,060,715.31 190.93%
RB OF GENERAL TRIAS INC  263,820,247.94 139,393,957.69 189.26%
TANAY RB INC   775,662,243.77 413,538,998.72 187.57%
PLANBANK "RB OF CANLUBANG PLANTERS INC"  280,875,875.93 154,425,067.15 181.88%
RBG IMPERIAL BANK INC(A RURAL BANK)  164,283,874.35 92,643,136.85 177.33%
BANK OF CHINA LIMITED-MANILA BRANCH 17,309,788,413.88 10,050,902,348.08 172.22%
VALIANT BANK INC (A RURAL BANK)  394,692,183.07 235,494,542.72 167.60%
RANG-AY BANK INC (A RURAL BANK)  899,504,899.99 538,461,371.90 167.05%
AMA RURAL BANK OF MANDALUYONG INC  1,405,295,708.26 891,921,691.67 157.56%
COUNTRY BUILDERS BANK INC (A RURAL BANK) 575,418,226.30 368,615,858.88 156.10%
RB OF BAMBANG (NUEVA VIZCAYA) INC  208,043,754.42 138,569,500.13 150.14%
RB OF SAN LUIS (PAMPANGA) INC  170,768,504.72 115,428,386.16 147.94%
RCBC SAVINGS BANK INC 22,189,756,941.39 15,268,125,557.71 145.33%
RB OF MARIA AURORA (AURORA) INC  345,004,673.41 238,887,658.99 144.42%
GRAND-AGRI RURAL BANK  81,669,317.16 61,608,243.49 132.56%
ENTERPRISE BANK INC (A THRIFT BANK) 566,919,073.84 432,863,823.39 130.97%
D' ASIAN HILLS BANK INC (A RURAL BANK)  167,331,970.65 139,095,628.07 120.30%
EQUICOM SAVINGS BANK INC 1,170,954,448.43 990,367,470.10 118.23%
PHIL BANK OF COMMUNICATIONS 14,790,357,661.06 12,773,089,763.85 115.79%
LUZON DEVELOPMENT BANK 837,650,136.98 724,473,558.19 115.62%
CHINA BANK SAVINGS INC 13,460,407,389.28 11,700,972,862.23 115.04%
GM BANK OF LUZON INC (A RURAL BANK)  571,934,530.73 505,251,055.09 113.20%
RB OF BAYOMBONG INC   206,127,762.26 184,378,189.97 111.80%
UCPB SAVINGS BANK 3,707,204,271.49 3,408,915,226.74 108.75%
GATEWAY RURAL BANK INC  131,735,366.51 121,478,790.50 108.44%
ILOCOS CONSOLIDATED COOPERATIVE BANK  296,194,247.45 277,471,591.70 106.75%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)  428,767,866.26 421,692,152.80 101.68%
ENTREPRENEUR RB INC   89,780,475.50 91,204,643.94 98.44%
BOF INC (A RURAL BANK)  634,523,058.30 644,838,657.19 98.40%
GUAGUA RURAL BANK INC  1,090,694,242.00 1,146,712,356.53 95.11%
RB OF MAGDALENA (LAGUNA) INC  116,186,746.82 128,192,643.52 90.63%
BANGKO MABUHAY (A RURAL BANK) INC  309,928,513.49 343,335,053.72 90.27%
BATAAN DEVELOPMENT BANK 103,650,064.42 116,600,014.14 88.89%
SUGBUANON RB INC   100,309,144.72 113,239,621.31 88.58%
ASIA UNITED BANK CORPORATION 27,540,586,225.23 31,115,740,576.17 88.51%
PRODUCERS SAVINGS BANK CORPORATION 1,938,880,608.99 2,229,352,737.59 86.97%
RB OF ITOGON (BENGUET) INC  113,497,043.65 130,782,659.77 86.78%
CONSOLIDATED COOPERATIVE BANK  507,423,696.86 589,556,104.53 86.07%
COMMON WEALTH RURAL BANK INC  113,473,217.59 133,731,740.14 84.85%
MT CARMEL RURAL BANK INC  304,259,691.55 364,888,211.84 83.38%
RB OF MIAGAO (ILOILO) INC  86,614,906.06 108,272,092.04 80.00%
PBCOM RURAL BANK INC  719,988,261.92 929,617,827.55 77.45%
LEGAZPI SAVINGS BANK INC 635,493,826.32 821,646,648.86 77.34%
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC) 138,421,408.46 181,733,700.00 76.17%
RB OF SAN PASCUAL(OBANDO BULACAN)INC  59,401,934.64 78,286,430.96 75.88%
PHIL STAR DEVELOPMENT BANK INC 81,555,578.83 109,439,031.42 74.52%
PNB SAVINGS BANK 9,453,006,690.86 12,721,715,949.50 74.31%
NEW RB OF SAN LEONARDO (N.E.) INC  189,705,530.08 256,621,413.00 73.92%
LAGAWE HIGHLANDS RB INC  47,924,587.89 66,752,864.82 71.79%
COOP BANK OF BENGUET (CBB)  73,470,326.24 103,912,361.34 70.70%
CITY SAVINGS BANK INC 12,008,846,015.17 17,161,505,302.12 69.98%
AGRIBUSINESS RURAL BANK INC  708,116,805.19 1,015,117,525.80 69.76%
CANTILAN BANK INC (A RURAL BANK)  421,441,328.48 605,244,670.50 69.63%
EAST WEST BANKING CORP 34,133,372,818.53 49,208,617,328.26 69.36%
COOPERATIVE BANK OF BOHOL  75,370,991.88 108,855,628.62 69.24%
HONGKONG & SHANGHAI BANKING CORP 10,435,063,230.48 15,470,259,276.33 67.45%
PHIL SAVINGS BANK 23,908,410,545.65 35,606,728,557.31 67.15%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 409,295,903.73 613,109,720.77 66.76%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 2,383,259,316.33 3,584,821,451.57 66.48%
COOPERATIVE BANK OF NUEVA VIZCAYA  71,929,262.68 108,390,035.23 66.36%
ALIAGA FARMERS RURAL BANK INC  123,854,043.90 190,815,472.65 64.91%
MALARAYAT RB INC   129,806,162.84 200,420,963.79 64.77%
DUMAGUETE CITY DEV BANK INC 201,536,468.31 317,685,816.79 63.44%
INSULAR SAVERS BANK INC (A RURAL BANK)  470,369,626.09 767,238,266.28 61.31%
RB OF MABALACAT INC   63,163,289.47 104,911,873.14 60.21%
MINDANAO CONSOLIDATED COOPERATIVE BANK  267,635,690.35 445,722,926.99 60.05%
RB OF GATTARAN (CAGAYAN) INC  60,107,507.86 101,383,073.90 59.29%
KEB HANA BANK - MANILA BRANCH 1,905,678,898.52 3,219,851,097.65 59.19%
RB OF POZORRUBIO INC  27,133,059.86 45,908,824.77 59.10%
ONE NETWORK BANK INC (A RURAL BANK OF BDO) 4,067,206,359.20 6,891,314,829.61 59.02%
COMMTY RB OF CATMON (CEBU) INC  78,582,117.32 137,367,120.95 57.21%
HIGHLAND RURAL BANK INC  92,528,834.19 162,014,267.73 57.11%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK) 52,917,602.24 93,840,520.94 56.39%
RNG COASTAL BANK INC(A RURAL BANK)  96,616,826.45 173,136,852.63 55.80%
BPI DIRECT BANKO INC A SAVINGS BANK 1,701,786,602.92 3,148,416,967.09 54.05%
RB OF LEBAK (SULTAN KUDARAT) INC  58,640,415.47 110,212,760.64 53.21%
DEUTSCHE BANK AG 1,256,335,805.66 2,373,655,121.71 52.93%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC 113,351,662.77 217,632,692.97 52.08%
MARITIME SAVINGS BANK CORPORATION 31,277,461.33 61,041,130.40 51.24%
COOP BANK OF QUEZON PROVINCE  65,809,930.72 128,895,980.08 51.06%
CITYSTATE SAVINGS BANK INC 365,452,288.03 720,098,211.14 50.75%
BHF RURAL BANK INC   177,631,650.06 351,350,139.80 50.56%
COOP BANK OF PALAWAN   114,427,978.89 226,966,017.34 50.42%
FILIDIAN RURAL BANK OF ANTIPOLO INC  75,630,058.75 150,718,354.31 50.18%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC 78,278,024.23 156,526,638.50 50.01%
SOUTH BANK (A RURAL BANK) INC  50,107,766.63 101,344,517.57 49.44%
BALANGA RURAL BANK, INC.  40,473,660.77 82,046,065.42 49.33%
CAMALIG BANK INC (A RURAL BANK)  156,738,824.11 323,798,247.62 48.41%
RB OF DUMANGAS INC   50,023,973.54 104,286,923.39 47.97%
UNIVERSITY SAVINGS BANK INC 223,986,675.09 467,141,793.96 47.95%
ASPAC RURAL BANK INC  160,163,331.43 335,183,318.57 47.78%
FIRST TAGUM RURAL BANK INC  162,695,849.43 343,472,065.86 47.37%
RB OF MARAGONDON INC  36,888,252.65 78,167,691.07 47.19%
RB OF ALABEL (SARANGANI) INC  51,642,594.13 110,042,924.76 46.93%
MALLIG PLAINS RURAL BANK (ISABELA) INC  62,681,092.79 136,781,788.13 45.83%
MAYBANK PHILIPPINES INCORPORATED 6,982,130,174.80 15,240,475,569.23 45.81%
CTBC BANK (PHILIPPINES) CORP 3,732,079,044.84 8,195,536,615.38 45.54%
CITIBANK, N.A. 7,768,526,068.69 17,315,235,086.40 44.87%
RB OF BAGABAG (N.V.)INC   80,648,362.99 182,351,757.77 44.23%
HIYAS BANKING CORPORATION 91,113,283.86 206,152,328.90 44.20%
UNION BANK OF THE PHILS 38,621,604,810.23 89,062,331,462.37 43.36%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1,888,259,216.15 4,354,449,263.13 43.36%
RB OF CAUAYAN INC   116,343,975.84 274,509,594.11 42.38%
RB OF PORAC (PAMPANGA) INC  138,173,783.32 326,900,474.26 42.27%
WEALTH DEVELOPMENT BANK CORPORATION 688,655,204.78 1,645,644,210.64 41.85%
BANK OF MAKATI (A SAVINGS BANK) INC 4,454,807,285.40 11,007,016,394.27 40.47%
RB OF ANGELES INC   260,826,285.57 648,808,878.95 40.20%
BPI FAMILY SAVINGS BANK INC 15,560,078,807.67 38,751,214,408.64 40.15%
PHIL NATIONAL BANK 54,669,644,757.90 136,471,765,992.46 40.06%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) 219,511,837.27 548,065,387.89 40.05%
BANK ONE SAVINGS CORPORATION 258,548,214.58 657,256,173.76 39.34%
1ST VALLEY BANK INC A DEVELOPMENT BANK 880,756,496.00 2,239,086,057.49 39.34%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC 56,489,312.77 143,850,503.74 39.27%
CHINA BANKING CORP 34,284,960,307.71 87,605,489,988.80 39.14%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965) 53,229,047.92 137,795,158.13 38.63%
FARMERS SAVINGS & LOAN BANK INC 60,648,173.86 157,849,845.73 38.42%
STANDARD CHARTERED BANK 3,405,939,831.94 8,888,209,736.48 38.32%
BANK OF COMMERCE 6,986,978,544.20 18,355,658,010.66 38.06%
MVSM BANK (A RURAL BANK SINCE 1953) INC 57,802,492.49 152,381,223.73 37.93%
ING BANK N.V. 988,008,613.62 2,627,759,123.31 37.60%
SUMMIT BANK (RB OF TUBLAY INC)  146,814,807.62 393,750,074.50 37.29%
EAST WEST RURAL BANK INC  1,538,339,387.51 4,177,037,515.47 36.83%
BDO PRIVATE BANK, INC. 1,997,934,033.47 5,447,302,895.67 36.68%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 4,550,703,519.76 12,536,000,217.98 36.30%
RB OF DOLORES (QUEZON) INC  28,942,769.64 79,800,317.45 36.27%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA 27,260,765.58 75,171,744.90 36.26%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK) 85,604,408.65 243,427,604.12 35.17%
DEVELOPMENT BANK OF THE PHIL 21,469,195,783.15 61,207,452,412.88 35.08%
CORDILLERA SAVINGS BANK INC 54,561,213.41 157,076,432.22 34.74%
ZAMBALES RURAL BANK INC  55,044,645.36 165,026,045.71 33.36%
METRO SOUTH COOP BANK  319,180,518.70 964,887,218.16 33.08%
RB OF DIGOS INC   70,679,985.84 215,304,961.72 32.83%
RIZAL COMM'L BANKING CORP 28,284,305,489.33 86,640,873,858.00 32.65%
PAMPANGA DEVELOPMENT BANK 92,702,249.16 284,211,786.21 32.62%
SUN SAVINGS BANK INC 85,781,584.23 269,142,908.04 31.87%
BANKWAYS INC (A RURAL BANK)  82,058,193.93 259,241,244.69 31.65%
RB OF PARACALE(CAMARINES NORTE) INC  34,307,405.05 109,390,398.52 31.36%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 211,794,160.06 689,408,750.12 30.72%
LIFE SAVINGS BANK INC 24,139,820.31 78,636,979.92 30.70%
ROBINSONS BANK CORPORATION 4,349,019,413.36 14,222,527,876.07 30.58%
RURAL BANK OF SAN ANTONIO INC  59,248,132.05 194,059,069.14 30.53%
CARD SME BANK INC A THRIFT BANK 389,928,741.36 1,278,276,011.70 30.50%
RB OF BAY INC   21,346,197.33 69,994,823.12 30.50%
PHIL TRUST COMPANY 8,186,853,991.10 26,871,437,367.37 30.47%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC 53,548,717.92 176,631,510.10 30.32%
IMUS RURAL BANK INC   66,050,219.44 218,676,095.46 30.20%
FIRST ISABELA COOP BANK INC(FICOBANK)  298,824,627.28 992,442,194.00 30.11%
JP MORGAN CHASE BANK NATIONAL ASSN. 795,537,431.06 2,706,099,000.00 29.40%
METROPOLITAN BANK & TCO 86,509,731,480.18 300,668,224,135.28 28.77%
NORTHPOINT DEV'T BANK INC 133,231,972.71 465,233,240.25 28.64%
ALLBANK (A THRIFT BANK) INC 311,704,653.24 1,105,298,468.43 28.20%
RB OF GUINOBATAN INC  35,903,775.79 127,687,894.17 28.12%
KATIPUNAN BANK INC "A RURAL BANK"  144,010,504.40 512,855,169.00 28.08%
QUEZON CAPITAL RB INC  111,111,363.44 397,704,023.22 27.94%
LAND BANK OF THE PHILIPPINES 37,835,562,109.11 136,321,149,898.74 27.75%
STA MARIA RURAL BANK INC  21,962,477.52 82,317,359.31 26.68%
FIRST CONSOLIDATED BANK INC (A PDB) 1,444,816,509.90 5,446,283,054.24 26.53%
COOP BANK OF COTABATO   190,290,864.48 731,649,298.74 26.01%
RB OF SOLANO (NUEVA VIZCAYA) INC  60,039,882.51 231,755,041.67 25.91%
SECURED BANK INC (A RB)  35,307,425.64 136,953,488.47 25.78%
HSBC SAVINGS BANK(PHILS) INC 458,558,209.28 1,812,306,743.65 25.30%
QUEZON COCONUT BANK INC (A THRIFT BANK) 14,458,602.93 57,629,735.81 25.09%
RB OF TANGUB CITY (MIS OCC) INC  30,828,098.03 123,339,793.64 24.99%
MANOR BANK - A RURAL BANK CORP  29,663,041.29 118,817,045.23 24.97%
BANGKO MONTANOSA INC (A RURAL BANK)  28,192,161.89 112,973,413.86 24.95%
CENTURY RURAL BANK INC  19,129,168.93 83,075,687.35 23.03%
BDO UNIBANK INC 82,264,604,722.40 364,830,295,583.86 22.55%
RB OF ROSARIO (LA UNION) INC  15,846,959.93 70,826,794.42 22.37%
SECURITY BANK CORP 24,965,816,189.06 114,648,772,940.80 21.78%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK 206,008,382.85 955,963,573.52 21.55%
MARAYO BANK INC (A RURAL BANK)  144,958,957.34 684,872,491.19 21.17%
CARD BANK INC (A MF RB)  702,877,548.43 3,404,087,862.85 20.65%
NATIONAL TEACHERS & EMP. COOP BANK  26,777,467.08 133,558,067.69 20.05%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC  33,864,040.84 170,775,908.41 19.83%
PACIFIC ACE SAVINGS BANK INC 16,601,107.75 84,414,049.35 19.67%
RB OF POLA (ORIENTAL MINDORO) INC  63,033,270.54 328,414,273.19 19.19%
MERCHANTS SAVINGS & LOAN ASSN INC 122,791,995.17 641,370,758.78 19.15%
RB OF MONTALBAN INC   11,984,853.95 64,146,336.24 18.68%
CEBUANA LHUILLIER RB INC  28,780,055.25 157,812,868.86 18.24%
BUSINESS AND CONSUMERS BANK (A DB) 16,918,757.56 96,866,062.11 17.47%
RB OF PILAR (SORSOGON) INC  25,286,835.01 145,840,229.91 17.34%
LIFEBANK- A RURAL BANK  49,122,834.13 288,469,755.05 17.03%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 27,804,064.77 170,522,700.22 16.31%
RB OF STA IGNACIA INC  21,580,470.86 135,088,178.31 15.98%
RBT BANK INC A RURAL BANK  35,628,709.22 241,324,960.33 14.76%
BANK OF THE PHIL ISLANDS 39,157,757,501.17 266,209,509,490.11 14.71%
GUAGUA SAVERS BANK(A RB) INC  12,235,811.39 83,875,463.42 14.59%
RB OF BARILI (CEBU) INC  53,514,620.52 407,705,556.03 13.13%
METRO CEBU PUBLIC SAVINGS BANK 12,019,583.50 94,217,343.16 12.76%
MEGA INT'L COMM'L BANK CO LTD 454,945,418.14 3,629,820,632.07 12.53%
CENTURY SAVINGS BANK CORPORATION 122,306,025.82 995,963,862.70 12.28%
RB OF ANTIPOLO INC   13,991,229.34 115,211,572.97 12.14%
MIZUHO BANK LTD - MANILA BRANCH 709,812,780.65 5,914,964,797.61 12.00%
RB OF PANDI (BULACAN) INC  30,841,809.01 261,721,335.95 11.78%
CAVITE UNITED RURAL BANK CORP  45,809,715.87 421,868,690.35 10.86%
LEMERY SAVINGS & LOAN BANK, INC. 8,727,593.91 91,298,849.18 9.56%
ISLA BANK(A THRIFT BANK) INC 33,841,609.46 763,882,291.07 4.43%
RB OF GLORIA (OR MIN) INC  4,104,099.39 93,506,913.39 4.39%
MUFG BANK, LTD. 202,182,683.52 4,967,276,284.75 4.07%
BANGKOK BANK PUBLIC CO LTD 134,772,581.47 3,622,427,177.00 3.72%
INNOVATIVE BANK INC (A RURAL BANK)  8,627,941.40 360,541,097.28 2.39%
CIMB BANK PHILIPPINES INC 62,065,994.73 2,601,650,000.00 2.39%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRANCH 91,586,743.58 3,975,770,000.00 2.30%
BANK OF AMERICA N.A. 31,739,054.58 2,110,096,416.73 1.50%
SHINHAN BANK - MANILA BRANCH 33,387,130.73 4,243,488,714.50 0.79%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH 13,172,984.29 2,102,781,767.63 0.63%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH 12,924,842.81 2,383,167,063.15 0.54%
FIRST COMMERCIAL BANK LTD MANILA BRANCH 8,689,957.10 2,030,093,220.16 0.43%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 49,212,628.90 13,026,635,346.24 0.38%
CATHAY UNITED BANK CO LTD - MANILA BRANCH 18,737,846.01 5,274,893,945.51 0.36%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH 6,999,461.23 2,162,147,423.52 0.32%
INDUSTRIAL BANK OF KOREA MANILA BRANCH 11,399,137.77 3,965,211,016.02 0.29%
ARDCIBANK INC A RURAL BANK  NA NA NA
BANCO SANTIAGO DE LIBON INC  NA NA NA
BANGKO CARRASCAL INC (A RB)  NA NA NA
GOLDEN RURAL BANK OF THE PHILIPPINES INC NA NA NA
LIBERTY BANK (A RURAL BANK) INC  NA NA NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS NA NA NA
RB OF MABITAC (LAGUNA) INC  NA NA NA
Grand Total 786,303,335,113.88 2,205,352,012,824.42 35.65%


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, 2018 and March 31, 2019 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.

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