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Sunday, October 27, 2019

Philippine Banks Deteriorate Slightly in the 2nd 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 33.18 billion or 4.22% from March 31, 2019 to June 30, 2019.  This increase was further compounded by the decrease of their Total Capital Cushion of Php 2.82 billion or -0.13% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks 1.53 percentage points, from 35.64% as of March 31, 2019 to 37.17% as of June 30, 2019. On a year on year basis, the Distressed Asset Ratio has increased 0.72 percentage points from 36.45% as of June 30, 2018 to 37.17% as of June 30, 2019.






 The list of Philippine Banks classified as distressed as of June 30, 2019 are as follows:

 
The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
June 30, 2019
In Php









June 30, 2019
Bank Total Distressed Assets (In PhP) Total Capital Cushion (In PhP) Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC 517,925,681.33 103,497,793.61 500.42%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC 845,353,759.04 188,282,991.32 448.98%
RB OF JAEN INC 262,250,228.67 59,030,481.69 444.26%
INTER-ASIA DEVELOPMENT BANK 346,824,619.67 90,342,875.94 383.90%
RB OF BROOKE'S POINT (PALAWAN) INC 344,717,169.84 98,136,085.41 351.26%
COOP BANK OF CAGAYAN 366,577,720.45 104,614,927.74 350.41%
MOUNT MAKILING RURAL BANK INC 965,919,952.04 278,630,039.74 346.67%
RB OF DULAG (LEYTE) INC 345,674,258.40 115,417,424.73 299.50%
TANAY RB INC 937,455,043.99 331,358,597.12 282.91%
COMMTY RB OF DAPITAN CITY INC 442,198,607.32 161,552,378.64 273.72%
BENGUET CENTER BANK INC A RB 191,548,767.50 70,284,882.93 272.53%
VILLAGE BANK INC (A RURAL BANK) 278,436,299.86 107,313,565.81 259.46%
RB OF CARDONA (RIZAL) INC 298,277,829.32 119,739,699.49 249.11%
MALAYAN BANK SAVINGS AND MORT BANK INC 3,603,626,987.06 1,450,421,091.32 248.45%
UNITED COCONUT PLANTERS BANK 18,892,313,076.33 7,829,198,136.33 241.31%
RB OF MIDSAYAP INC 235,527,461.75 103,381,730.49 227.82%
RB OF PILAR (BATAAN) INC 337,338,984.22 152,706,485.36 220.91%
BANK OF CHINA LIMITED-MANILA BRANCH 19,418,011,848.98 10,072,962,874.79 192.77%
RANG-AY BANK INC (A RURAL BANK) 896,073,163.77 469,875,846.12 190.70%
YUANTA SAVINGS BANK PHILIPPINES INC 1,817,124,719.29 991,594,566.36 183.25%
RB OF GENERAL TRIAS INC 242,287,797.03 141,057,528.85 171.77%
RB OF SAN MATEO(ISABELA) INC 237,642,482.52 138,529,764.18 171.55%
RB OF BAMBANG (NUEVA VIZCAYA) INC 231,661,890.27 138,206,742.03 167.62%
AMA RURAL BANK OF MANDALUYONG INC 1,406,003,291.02 891,921,691.63 157.64%
PLANBANK "RB OF CANLUBANG PLANTERS INC" 241,150,917.52 154,423,979.91 156.16%
RCBC SAVINGS BANK INC 23,361,062,622.95 15,154,113,922.64 154.16%
GRAND-AGRI RURAL BANK 89,264,540.89 58,527,467.81 152.52%
COUNTRY BUILDERS BANK INC (A RURAL BANK) 557,926,263.09 368,211,887.04 151.52%
RB OF SAN LUIS (PAMPANGA) INC 169,791,281.12 112,892,106.41 150.40%
ENTERPRISE BANK INC (A THRIFT BANK) 614,529,364.80 416,558,371.02 147.53%
RB OF MARIA AURORA (AURORA) INC 321,352,013.84 238,942,441.99 134.49%
LUZON DEVELOPMENT BANK 934,164,004.10 735,120,909.19 127.08%
COMMON WEALTH RURAL BANK INC 161,737,784.25 134,316,764.09 120.42%
CHINA BANK SAVINGS INC 14,001,639,515.99 11,672,982,591.41 119.95%
EQUICOM SAVINGS BANK INC 1,229,477,116.28 1,032,700,546.10 119.05%
RB OF BAYOMBONG INC 208,500,222.30 180,621,948.11 115.43%
GATEWAY RURAL BANK INC 139,355,243.55 122,718,695.67 113.56%
RB OF SAN NARCISO INC 57,609,782.92 51,598,577.94 111.65%
PHIL BANK OF COMMUNICATIONS 14,076,985,661.05 12,724,060,977.65 110.63%
UCPB SAVINGS BANK 3,733,053,169.68 3,431,124,571.20 108.80%
GM BANK OF LUZON INC (A RURAL BANK) 526,054,165.25 495,670,348.90 106.13%
PEOPLES BANK OF CARAGA INC (A RURAL BANK) 441,756,111.36 421,692,152.80 104.76%
ASIA UNITED BANK CORPORATION 30,772,524,359.16 30,368,926,156.25 101.33%
Grand Total 145,098,705,779.77 102,083,262,617.76 142.14%


As a group, the distressed banks showed a decrease in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  142.14% as of June 30, 2019, down from 152.27% as of March 31, 2019.

 
Top Distressed Philippine Banks
Departures and Arrivals
Distressed Asset Ratios
March 31, 2019 to June 30, 2019
In %






Bank June 30, 2019 March 31, 2019
Arrivals

COMMON WEALTH RURAL BANK INC 120.42% 84.85%
RB OF SAN NARCISO INC 111.65% NA
ASIA UNITED BANK CORPORATION 101.33% 88.51%



Departures

ILOCOS CONSOLIDATED COOPERATIVE BANK 96.52% 106.75%
D' ASIAN HILLS BANK INC (A RURAL BANK) 91.63% 120.30%












Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2019 to June 30, 2019
In Php









June 30, 2019
Bank Total Distressed Assets (In PhP) Total Capital Cushion (In PhP) Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC 517,925,681.33 103,497,793.61 500.42%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC 845,353,759.04 188,282,991.32 448.98%
RB OF JAEN INC 262,250,228.67 59,030,481.69 444.26%
INTER-ASIA DEVELOPMENT BANK 346,824,619.67 90,342,875.94 383.90%
RB OF BROOKE'S POINT (PALAWAN) INC 344,717,169.84 98,136,085.41 351.26%
COOP BANK OF CAGAYAN 366,577,720.45 104,614,927.74 350.41%
MOUNT MAKILING RURAL BANK INC 965,919,952.04 278,630,039.74 346.67%
RB OF DULAG (LEYTE) INC 345,674,258.40 115,417,424.73 299.50%
TANAY RB INC 937,455,043.99 331,358,597.12 282.91%
COMMTY RB OF DAPITAN CITY INC 442,198,607.32 161,552,378.64 273.72%
BENGUET CENTER BANK INC A RB 191,548,767.50 70,284,882.93 272.53%
VILLAGE BANK INC (A RURAL BANK) 278,436,299.86 107,313,565.81 259.46%
RB OF CARDONA (RIZAL) INC 298,277,829.32 119,739,699.49 249.11%
MALAYAN BANK SAVINGS AND MORT BANK INC 3,603,626,987.06 1,450,421,091.32 248.45%
UNITED COCONUT PLANTERS BANK 18,892,313,076.33 7,829,198,136.33 241.31%
RB OF MIDSAYAP INC 235,527,461.75 103,381,730.49 227.82%
RB OF PILAR (BATAAN) INC 337,338,984.22 152,706,485.36 220.91%
BANK OF CHINA LIMITED-MANILA BRANCH 19,418,011,848.98 10,072,962,874.79 192.77%
RANG-AY BANK INC (A RURAL BANK) 896,073,163.77 469,875,846.12 190.70%
YUANTA SAVINGS BANK PHILIPPINES INC 1,817,124,719.29 991,594,566.36 183.25%
RB OF GENERAL TRIAS INC 242,287,797.03 141,057,528.85 171.77%
RB OF SAN MATEO(ISABELA) INC 237,642,482.52 138,529,764.18 171.55%
RB OF BAMBANG (NUEVA VIZCAYA) INC 231,661,890.27 138,206,742.03 167.62%
AMA RURAL BANK OF MANDALUYONG INC 1,406,003,291.02 891,921,691.63 157.64%
PLANBANK "RB OF CANLUBANG PLANTERS INC" 241,150,917.52 154,423,979.91 156.16%
RCBC SAVINGS BANK INC 23,361,062,622.95 15,154,113,922.64 154.16%
GRAND-AGRI RURAL BANK 89,264,540.89 58,527,467.81 152.52%
COUNTRY BUILDERS BANK INC (A RURAL BANK) 557,926,263.09 368,211,887.04 151.52%
RB OF SAN LUIS (PAMPANGA) INC 169,791,281.12 112,892,106.41 150.40%
ENTERPRISE BANK INC (A THRIFT BANK) 614,529,364.80 416,558,371.02 147.53%
RB OF MARIA AURORA (AURORA) INC 321,352,013.84 238,942,441.99 134.49%
LUZON DEVELOPMENT BANK 934,164,004.10 735,120,909.19 127.08%
COMMON WEALTH RURAL BANK INC 161,737,784.25 134,316,764.09 120.42%
CHINA BANK SAVINGS INC 14,001,639,515.99 11,672,982,591.41 119.95%
EQUICOM SAVINGS BANK INC 1,229,477,116.28 1,032,700,546.10 119.05%
RB OF BAYOMBONG INC 208,500,222.30 180,621,948.11 115.43%
GATEWAY RURAL BANK INC 139,355,243.55 122,718,695.67 113.56%
RB OF SAN NARCISO INC 57,609,782.92 51,598,577.94 111.65%
PHIL BANK OF COMMUNICATIONS 14,076,985,661.05 12,724,060,977.65 110.63%
UCPB SAVINGS BANK 3,733,053,169.68 3,431,124,571.20 108.80%
GM BANK OF LUZON INC (A RURAL BANK) 526,054,165.25 495,670,348.90 106.13%
PEOPLES BANK OF CARAGA INC (A RURAL BANK) 441,756,111.36 421,692,152.80 104.76%
ASIA UNITED BANK CORPORATION 30,772,524,359.16 30,368,926,156.25 101.33%
CORDILLERA SAVINGS BANK INC 133,245,472.70 137,464,721.38 96.93%
ILOCOS CONSOLIDATED COOPERATIVE BANK 272,478,345.83 282,316,631.55 96.52%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA 70,465,556.94 74,503,135.57 94.58%
BOF INC (A RURAL BANK) 594,420,491.26 636,921,968.52 93.33%
D' ASIAN HILLS BANK INC (A RURAL BANK) 167,374,297.45 182,667,273.01 91.63%
ENTREPRENEUR RB INC 82,978,988.44 92,511,237.84 89.70%
BATAAN DEVELOPMENT BANK 104,272,929.55 118,200,818.90 88.22%
RB OF MAGDALENA (LAGUNA) INC 111,841,123.56 129,674,268.10 86.25%
BANGKO MABUHAY (A RURAL BANK) INC 292,346,604.23 339,618,717.24 86.08%
LIBERTY BANK (A RURAL BANK) INC 64,466,565.80 76,850,630.93 83.89%
AGRIBUSINESS RURAL BANK INC 821,311,396.84 1,002,041,242.80 81.96%
RB OF MIAGAO (ILOILO) INC 88,335,698.56 108,272,092.04 81.59%
CONSOLIDATED COOPERATIVE BANK 444,429,861.24 546,401,183.10 81.34%
MAYBANK PHILIPPINES INCORPORATED 12,471,336,796.95 15,629,031,815.02 79.80%
PBCOM RURAL BANK INC 738,024,256.00 927,489,160.41 79.57%
RB OF ITOGON (BENGUET) INC 105,712,393.49 132,911,006.61 79.54%
LEGAZPI SAVINGS BANK INC 653,430,626.13 829,066,116.78 78.82%
MT CARMEL RURAL BANK INC 284,605,757.35 364,113,753.23 78.16%
BDO PRIVATE BANK, INC. 4,162,033,554.29 5,447,616,795.43 76.40%
PRODUCERS SAVINGS BANK CORPORATION 1,772,752,523.92 2,321,314,733.54 76.37%
NEW RB OF SAN LEONARDO(N.E.) INC 188,379,253.29 250,454,948.80 75.21%
ALIAGA FARMERS RURAL BANK INC 135,985,614.34 186,124,474.85 73.06%
DUMAGUETE CITY DEV BANK INC 240,786,964.65 332,628,399.87 72.39%
PHIL STAR DEVELOPMENT BANK INC 79,869,513.78 110,492,220.27 72.29%
CANTILAN BANK INC (A RURAL BANK) 426,708,259.29 596,102,436.60 71.58%
CITY SAVINGS BANK INC 11,289,583,556.28 16,056,946,319.69 70.31%
SUGBUANON RB INC 79,171,152.12 113,285,345.58 69.89%
COOPERATIVE BANK OF NUEVA VIZCAYA 74,221,923.62 106,266,823.22 69.84%
EAST WEST BANKING CORP 34,187,594,433.12 49,150,232,158.42 69.56%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 2,490,893,504.75 3,604,745,737.14 69.10%
PHIL SAVINGS BANK 24,370,090,242.12 35,267,890,986.65 69.10%
PNB SAVINGS BANK 8,621,149,164.27 12,580,229,080.51 68.53%
RNG COASTAL BANK INC(A RURAL BANK) 117,258,362.11 173,280,870.87 67.67%
GOLDEN RURAL BANK OF THE PHILIPPINES INC 51,473,103.62 76,590,243.22 67.21%
RB OF MABALACAT INC 67,457,059.43 102,651,372.66 65.71%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 377,857,003.01 591,938,063.50 63.83%
COOPERATIVE BANK OF BOHOL 71,281,503.41 111,888,516.89 63.71%
BPI DIRECT BANKO INC A SAVINGS BANK 1,992,445,538.91 3,130,484,252.98 63.65%
INSULAR SAVERS BANK INC (A RURAL BANK) 494,271,542.62 780,916,599.89 63.29%
SOUTH BANK (A RURAL BANK) INC 56,742,913.40 89,783,878.79 63.20%
MVSM BANK (A RURAL BANK SINCE 1953) INC 99,942,984.26 160,299,337.27 62.35%
MINDANAO CONSOLIDATED COOPERATIVE BANK 272,883,334.08 439,887,873.62 62.03%
FILIDIAN RURAL BANK OF ANTIPOLO INC 93,372,771.90 153,486,975.62 60.83%
STANDARD CHARTERED BANK 5,373,424,481.02 8,846,957,356.67 60.74%
COOP BANK OF PALAWAN 139,425,829.79 231,701,595.85 60.17%
MALARAYAT RB INC 120,479,758.55 200,280,873.17 60.16%
UNIVERSITY SAVINGS BANK INC 269,700,738.05 459,411,518.53 58.71%
RB OF POZORRUBIO INC 26,375,985.17 45,908,824.77 57.45%
BANGKOK BANK PUBLIC CO LTD 2,966,594,387.27 5,190,893,397.00 57.15%
RB OF GATTARAN (CAGAYAN) INC 57,627,930.02 102,340,394.64 56.31%
CITIBANK, N.A. 9,628,482,067.38 17,116,379,126.45 56.25%
PANGASINAN BANK (A RB) INC 48,959,028.81 87,138,410.18 56.19%
RB OF LEBAK (SULTAN KUDARAT) INC 69,977,544.14 125,567,323.31 55.73%
HIGHLAND RURAL BANK INC 90,219,323.82 162,069,267.73 55.67%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC 122,109,730.04 220,507,608.17 55.38%
RB OF SAN PASCUAL(OBANDO BULACAN)INC 41,650,378.26 78,609,299.96 52.98%
CAMALIG BANK INC (A RURAL BANK) 170,381,950.51 323,772,346.89 52.62%
HONGKONG & SHANGHAI BANKING CORP 8,210,686,020.99 15,838,450,171.78 51.84%
HIYAS BANKING CORPORATION 108,703,175.81 209,773,291.17 51.82%
BALANGA RURAL BANK, INC. 43,805,419.91 84,673,174.79 51.73%
FIRST TAGUM RURAL BANK INC 171,084,275.78 332,382,590.44 51.47%
RB OF PORAC (PAMPANGA) INC 167,091,527.09 325,635,347.77 51.31%
COMMTY RB OF CATMON (CEBU) INC 74,244,723.38 145,710,626.88 50.95%
MARITIME SAVINGS BANK CORPORATION 30,954,958.31 61,041,130.40 50.71%
RB OF DUMANGAS INC 51,733,791.85 103,360,851.75 50.05%
DEUTSCHE BANK AG 1,168,267,614.63 2,396,352,191.68 48.75%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC 89,744,900.36 184,618,642.56 48.61%
ASPAC RURAL BANK INC 168,478,729.90 346,791,398.17 48.58%
BANCO MEXICO INC (A RURAL BANK) 28,650,530.03 59,355,875.50 48.27%
ONE NETWORK BANK INC (A RURAL BANK OF BDO) 3,840,053,714.85 8,089,401,980.22 47.47%
RB OF MARAGONDON INC 36,815,105.40 77,690,424.53 47.39%
RB OF ALABEL (SARANGANI) INC 51,725,075.53 111,465,229.10 46.40%
RB OF SAN AGUSTIN (ISABELA) INC 26,679,343.46 58,169,989.90 45.86%
RB OF BAGABAG (N.V.)INC 83,144,423.77 182,147,954.52 45.65%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) 249,750,974.35 548,008,895.03 45.57%
MALLIG PLAINS RURAL BANK (ISABELA) INC 61,925,192.52 136,530,141.09 45.36%
CITYSTATE SAVINGS BANK INC 316,176,211.54 699,825,126.10 45.18%
WEALTH DEVELOPMENT BANK CORPORATION 736,941,285.86 1,645,644,210.64 44.78%
UNION BANK OF THE PHILS 38,969,935,864.31 89,214,930,602.98 43.68%
BANK OF MAKATI (A SAVINGS BANK) INC 4,890,044,504.71 11,205,272,419.06 43.64%
BANKWAYS INC (A RURAL BANK) 116,170,606.27 266,417,099.11 43.60%
PAMPANGA DEVELOPMENT BANK 123,825,534.01 285,573,747.83 43.36%
RB OF ANGELES INC 269,851,490.94 629,240,363.97 42.89%
BPI FAMILY SAVINGS BANK INC 16,573,362,190.71 38,861,155,465.41 42.65%
DEVELOPMENT BANK OF THE PHIL 25,801,177,368.47 61,874,735,961.78 41.70%
FARMERS SAVINGS & LOAN BANK INC 65,207,794.35 157,860,590.95 41.31%
COOP BANK OF QUEZON PROVINCE 52,015,263.32 128,707,434.21 40.41%
PHIL NATIONAL BANK 55,605,626,144.36 137,813,567,606.80 40.35%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC 57,038,170.52 141,688,066.42 40.26%
BANK ONE SAVINGS CORPORATION 256,254,263.06 659,011,860.35 38.88%
BHF RURAL BANK INC 131,529,094.26 338,561,087.96 38.85%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965) 53,363,568.03 137,712,757.55 38.75%
1ST VALLEY BANK INC A DEVELOPMENT BANK 892,052,204.44 2,308,256,841.23 38.65%
GUAGUA RURAL BANK INC 426,682,156.60 1,162,682,583.95 36.70%
EAST WEST RURAL BANK INC 1,573,635,731.21 4,310,407,604.52 36.51%
BANK OF COMMERCE 6,511,420,160.63 18,044,806,357.09 36.08%
METRO SOUTH COOP BANK 352,131,722.75 980,288,350.16 35.92%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK) 86,443,080.93 241,396,604.12 35.81%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 4,442,867,700.19 12,439,924,684.14 35.71%
CHINA BANKING CORP 30,180,270,806.33 85,200,163,035.21 35.42%
SUMMIT BANK (RB OF TUBLAY INC) 137,778,132.44 389,608,560.92 35.36%
RURAL BANK OF SAN ANTONIO INC 56,957,761.86 161,426,927.72 35.28%
CEBUANA LHUILLIER RB INC 55,615,062.76 160,094,631.70 34.74%
RB OF PARACALE(CAMARINES NORTE) INC 37,678,040.38 111,382,451.31 33.83%
ALLBANK (A THRIFT BANK) INC 371,473,554.34 1,111,732,823.92 33.41%
SUN SAVINGS BANK INC 103,239,088.80 312,806,264.05 33.00%
MIZUHO BANK LTD - MANILA BRANCH 1,938,450,219.74 5,914,791,487.34 32.77%
COOP BANK OF COTABATO 239,188,237.26 741,250,728.35 32.27%
LIFE SAVINGS BANK INC 24,746,926.66 77,384,209.92 31.98%
RB OF GUINOBATAN INC 39,997,429.96 126,685,656.46 31.57%
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK) 25,765,355.62 82,194,639.82 31.35%
RB OF BAY INC 21,636,367.50 69,057,361.37 31.33%
KATIPUNAN BANK INC "A RURAL BANK" 162,490,335.73 529,441,754.98 30.69%
PHIL TRUST COMPANY 7,933,517,734.05 26,146,818,307.71 30.34%
QUEZON CAPITAL RB INC 120,312,566.55 396,902,024.59 30.31%
RB OF SOLANO (NUEVA VIZCAYA) INC 66,711,936.62 221,356,931.04 30.14%
RB OF DIGOS INC 67,455,598.76 225,000,071.66 29.98%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC 51,404,222.67 172,046,632.60 29.88%
RIZAL COMM'L BANKING CORP 25,500,563,559.88 85,470,439,108.37 29.84%
CARD SME BANK INC A THRIFT BANK 389,846,844.71 1,331,836,797.92 29.27%
IMUS RURAL BANK INC 63,632,621.26 218,256,350.79 29.15%
ZAMBALES RURAL BANK INC 51,447,292.74 177,322,350.28 29.01%
NORTHPOINT DEV'T BANK INC 131,236,554.54 457,496,311.53 28.69%
FIRST ISABELA COOP BANK (FICOBANK) 280,718,955.05 980,867,373.21 28.62%
MARAYO BANK INC (A RURAL BANK) 200,813,020.77 704,274,023.68 28.51%
STA MARIA RURAL BANK INC 23,217,001.11 82,529,050.40 28.13%
RB OF CAUAYAN INC 75,272,975.00 270,907,379.62 27.79%
LAND BANK OF THE PHILIPPINES 37,366,363,527.20 135,325,758,615.41 27.61%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 188,700,276.36 685,637,183.07 27.52%
METROPOLITAN BANK & TCO 82,587,807,107.21 300,682,620,397.40 27.47%
SECURED BANK INC (A RB) 36,862,518.09 136,953,488.47 26.92%
RB OF PILAR (SORSOGON) INC 24,527,703.32 91,497,814.75 26.81%
RB OF TANGUB CITY (MIS OCC) INC 32,955,982.02 123,419,793.64 26.70%
MANOR BANK - A RURAL BANK CORP 30,235,128.02 116,814,079.81 25.88%
FIRST CONSOLIDATED BANK INC (A PDB) 1,383,911,128.71 5,366,337,905.94 25.79%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK 225,777,378.87 877,602,218.51 25.73%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1,104,593,061.56 4,332,248,668.37 25.50%
ROBINSONS BANK CORPORATION 4,363,064,360.87 17,214,406,368.00 25.35%
BANGKO MONTANOSA INC (A RURAL BANK) 28,492,507.77 114,379,348.21 24.91%
BDO UNIBANK INC 88,428,521,564.24 364,817,443,178.36 24.24%
RB OF ROSARIO (LA UNION) INC 15,550,639.20 66,597,790.42 23.35%
QUEZON COCONUT BANK INC (A THRIFT BANK) 13,543,652.34 58,319,772.81 23.22%
CENTURY RURAL BANK INC 18,933,747.10 82,250,485.27 23.02%
SECURITY BANK CORP 26,120,734,399.33 114,628,845,206.45 22.79%
CTBC BANK (PHILIPPINES) CORP 1,867,728,362.45 8,283,297,751.74 22.55%
HSBC SAVINGS BANK(PHILS) INC 392,271,895.65 1,768,961,397.29 22.18%
BANK OF THE PHIL ISLANDS 55,987,705,320.35 263,418,851,325.43 21.25%
JP MORGAN CHASE BANK NATIONAL ASSN. 558,435,013.83 2,706,099,000.00 20.64%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 34,450,559.45 168,600,350.60 20.43%
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC 127,214,702.19 629,146,504.68 20.22%
CARD BANK INC (A MF RB) 721,070,009.99 3,571,236,438.14 20.19%
RB OF POLA (ORIENTAL MINDORO) INC 64,590,962.10 326,284,603.92 19.80%
NATIONAL TEACHERS & EMP. COOP BANK 26,242,681.31 134,723,664.75 19.48%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC 32,211,834.81 169,341,998.82 19.02%
RB OF MONTALBAN INC 11,991,367.67 64,003,379.56 18.74%
MEGA INT'L COMM'L BANK CO LTD 676,135,500.42 3,628,032,485.48 18.64%
RB OF ANTIPOLO INC 22,576,560.28 121,267,664.54 18.62%
RBT BANK INC A RURAL BANK 34,566,620.32 195,590,035.67 17.67%
PACIFIC ACE SAVINGS BANK INC 14,505,597.47 84,179,592.65 17.23%
GUAGUA SAVERS BANK(A RB) INC 13,999,474.25 83,875,463.42 16.69%
LIFEBANK- A RURAL BANK 45,295,584.10 287,004,674.50 15.78%
ING BANK N.V. 406,355,695.38 2,629,866,120.79 15.45%
CAVITE UNITED RURAL BANK CORP 65,662,148.44 428,706,702.37 15.32%
CENTURY SAVINGS BANK CORPORATION 135,195,792.93 995,218,412.60 13.58%
RB OF BARILI (CEBU) INC 54,663,325.04 402,922,692.10 13.57%
RB OF PANDI (BULACAN) INC 34,208,542.21 261,785,685.46 13.07%
RB OF STA IGNACIA INC 16,073,593.14 129,105,109.81 12.45%
METRO CEBU PUBLIC SAVINGS BANK 10,729,003.94 97,374,978.17 11.02%
LEMERY SAVINGS & LOAN BANK, INC. 9,427,126.30 91,289,897.49 10.33%
RB OF GLORIA (OR MIN) INC 5,402,977.96 100,445,655.48 5.38%
ISLA BANK(A THRIFT BANK) INC 34,106,146.57 763,882,291.07 4.46%
INNOVATIVE BANK INC (A RURAL BANK) 14,218,566.17 360,541,097.28 3.94%
CIMB BANK PHILIPPINES INC 101,519,920.95 3,185,393,815.71 3.19%
MUFG BANK, LTD. 148,142,874.52 4,967,280,425.75 2.98%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA 99,566,216.41 3,979,221,706.00 2.50%
KEB HANA BANK - MANILA BRANCH 73,150,266.12 3,222,342,824.15 2.27%
BANK OF AMERICA N.A. 43,398,478.76 2,104,462,104.25 2.06%
SHINHAN BANK - MANILA BRANCH 30,627,286.08 4,242,466,409.48 0.72%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH 13,004,573.05 2,106,396,419.86 0.62%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 68,677,723.27 13,018,551,099.27 0.53%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH 12,348,644.90 2,386,665,044.24 0.52%
FIRST COMMERCIAL BANK LTD MANILA BRANCH 8,387,099.45 2,030,837,132.34 0.41%
CATHAY UNITED BANK CO LTD - MANILA BRANCH 20,433,104.59 5,280,258,381.22 0.39%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH 6,542,787.61 2,157,141,783.00 0.30%
INDUSTRIAL BANK OF KOREA MANILA BRANCH 9,567,605.64 3,977,221,818.38 0.24%
VALIANT BANK INC (A RURAL BANK)  NA NA NA
BUSINESS AND CONSUMERS BANK (A DB) NA NA NA
COOP BANK OF BENGUET (CBB)  NA NA NA
LAGAWE HIGHLANDS RB INC  NA NA NA
MERCHANTS SAVINGS & LOAN ASSN INC NA NA NA
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK) NA NA NA
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC) NA NA NA
RB OF DOLORES (QUEZON) INC  NA NA NA
RBG IMPERIAL BANK INC(A RURAL BANK)  NA NA NA
Grand Total 818,881,103,892.27 2,202,784,701,012.42 37.17%

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 March 31, 2019 and June 30, 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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