Philippine Banks Improve Slightly in the 3rd 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 12.58 billion or 1.52% from June 30, 2019 to September 30, 2019.  This increase was offset by the increase of their Total Capital Cushion of Php 35.69 billion or 1.61% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by 0.95 percentage points, from 37.39% as of June 30, 2019 to 36.43% as of September 30, 2019. On a year on year basis, the Distressed Asset Ratio has increased by 1.00 percentage points from 35.43% as of September 30, 2018 to 36.43% as of September 30, 2019.

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

 

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
September 30, 2019
In Php
	September 30, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
INTER-ASIA DEVELOPMENT BANK	603,975,057.13	89,057,758.62	678.18%
RB OF JAEN INC	289,710,088.82	57,795,953.69	501.26%
SAVIOUR RURAL BANK INC	520,813,197.77	104,266,957.08	499.50%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	801,173,241.45	188,221,990.32	425.65%
COOP BANK OF CAGAYAN	383,622,540.56	105,371,177.73	364.07%
RB OF BROOKE'S POINT (PALAWAN) INC	343,569,235.86	98,745,885.41	347.93%
RB OF DULAG (LEYTE) INC	351,859,570.12	107,563,978.48	327.12%
BENGUET CENTER BANK INC A RB	212,938,649.15	70,498,979.94	302.05%
UNITED COCONUT PLANTERS BANK	18,970,162,725.65	6,776,674,065.74	279.93%
COMMTY RB OF DAPITAN CITY INC	443,182,863.35	161,602,826.39	274.24%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,841,811,407.37	1,424,236,269.29	269.75%
RB OF CARDONA (RIZAL) INC	336,921,658.34	125,094,802.07	269.33%
MAKILING DEVELOPMENT BANK CORPORATION	909,552,931.50	348,548,891.10	260.95%
VILLAGE BANK INC (A RURAL BANK)	277,542,111.80	107,313,565.81	258.63%
RB OF MIDSAYAP INC	229,418,646.01	100,925,612.49	227.31%
RB OF PILAR (BATAAN) INC	346,780,211.00	153,861,114.95	225.39%
BANK OF CHINA LIMITED-MANILA BRANCH	21,277,361,603.71	10,086,765,483.16	210.94%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	310,188,918.31	154,423,979.91	200.87%
YUANTA SAVINGS BANK PHILIPPINES INC	1,651,442,735.73	904,821,958.20	182.52%
RANG-AY BANK INC (A RURAL BANK)	945,625,397.50	533,212,561.60	177.34%
RB OF GENERAL TRIAS INC	230,627,278.26	141,763,762.14	162.68%
AMA RURAL BANK OF MANDALUYONG INC	1,403,596,530.43	891,921,691.66	157.37%
RB OF SAN LUIS (PAMPANGA) INC	175,464,578.25	114,537,220.96	153.19%
ENTERPRISE BANK INC (A THRIFT BANK)	615,972,133.84	416,558,371.02	147.87%
RB OF SAN MATEO(ISABELA) INC	193,132,656.41	136,654,395.35	141.33%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	591,956,730.74	421,692,152.80	140.38%
EQUICOM SAVINGS BANK INC	1,342,600,228.77	1,046,369,742.58	128.31%
RB OF BAMBANG (NUEVA VIZCAYA) INC	176,270,866.46	138,079,267.69	127.66%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	447,566,361.42	354,184,625.30	126.37%
RB OF MARIA AURORA (AURORA) INC	296,616,768.80	238,942,441.99	124.14%
RB OF BAYOMBONG INC	222,900,266.96	181,010,882.20	123.14%
CHINA BANK SAVINGS INC	14,333,672,582.61	11,704,604,899.76	122.46%
COMMON WEALTH RURAL BANK INC	158,816,261.60	133,847,522.75	118.65%
COOPERATIVE BANK OF BOHOL	128,504,467.96	112,434,247.74	114.29%
UCPB SAVINGS BANK	3,990,723,671.68	3,581,278,919.06	111.43%
PHIL BANK OF COMMUNICATIONS	14,133,443,495.97	12,760,687,633.53	110.76%
GATEWAY RURAL BANK INC	134,585,785.25	122,636,282.32	109.74%
CORDILLERA SAVINGS BANK INC	150,654,300.79	137,457,221.38	109.60%
GM BANK OF LUZON INC (A RURAL BANK)	524,403,298.67	483,172,924.10	108.53%
RB OF SAN NARCISO INC	58,771,706.43	55,716,472.11	105.48%
PRODUCERS SAVINGS BANK CORPORATION	2,393,150,809.36	2,271,730,683.32	105.34%
ASIA UNITED BANK CORPORATION	31,993,330,514.85	30,654,018,442.84	104.37%
Grand Total	126,744,414,086.64	87,798,303,614.58	144.36%

  

As a group, the distressed banks showed an increase in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  144.36% as of September 30, 2019, up from 142.14% as of June 30, 2019.

In the third quarter of 2019, three banks entered the distressed banks list while two banks left the list.


 

Top Distressed Philippine Banks
Departures and Arrivals
Distressed Asset Ratios
June 30, 2019 to September 30, 2019
In %
Bank	September 30, 2019	June 30, 2019
Arrivals
COOPERATIVE BANK OF BOHOL	114.29%	63.71%
PRODUCERS SAVINGS BANK CORPORATION	105.34%	76.37%
CORDILLERA SAVINGS BANK INC	109.60%	96.93%
Departures
PHILIPPINE VETERANS BANK	97.43%	100.64%
LAGAWE HIGHLANDS RB INC	94.89%	101.87%

The complete list of banks and their distressed asset ratios for the third quarter of 2019 is as follows:

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2019 to September 30, 2019
In Php
	September 30, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
INTER-ASIA DEVELOPMENT BANK	603,975,057.13	89,057,758.62	678.18%
RB OF JAEN INC	289,710,088.82	57,795,953.69	501.26%
SAVIOUR RURAL BANK INC	520,813,197.77	104,266,957.08	499.50%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	801,173,241.45	188,221,990.32	425.65%
COOP BANK OF CAGAYAN	383,622,540.56	105,371,177.73	364.07%
RB OF BROOKE'S POINT (PALAWAN) INC	343,569,235.86	98,745,885.41	347.93%
RB OF DULAG (LEYTE) INC	351,859,570.12	107,563,978.48	327.12%
BENGUET CENTER BANK INC A RB	212,938,649.15	70,498,979.94	302.05%
UNITED COCONUT PLANTERS BANK	18,970,162,725.65	6,776,674,065.74	279.93%
COMMTY RB OF DAPITAN CITY INC	443,182,863.35	161,602,826.39	274.24%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,841,811,407.37	1,424,236,269.29	269.75%
RB OF CARDONA (RIZAL) INC	336,921,658.34	125,094,802.07	269.33%
MAKILING DEVELOPMENT BANK CORPORATION	909,552,931.50	348,548,891.10	260.95%
VILLAGE BANK INC (A RURAL BANK)	277,542,111.80	107,313,565.81	258.63%
RB OF MIDSAYAP INC	229,418,646.01	100,925,612.49	227.31%
RB OF PILAR (BATAAN) INC	346,780,211.00	153,861,114.95	225.39%
BANK OF CHINA LIMITED-MANILA BRANCH	21,277,361,603.71	10,086,765,483.16	210.94%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	310,188,918.31	154,423,979.91	200.87%
YUANTA SAVINGS BANK PHILIPPINES INC	1,651,442,735.73	904,821,958.20	182.52%
RANG-AY BANK INC (A RURAL BANK)	945,625,397.50	533,212,561.60	177.34%
RB OF GENERAL TRIAS INC	230,627,278.26	141,763,762.14	162.68%
AMA RURAL BANK OF MANDALUYONG INC	1,403,596,530.43	891,921,691.66	157.37%
RB OF SAN LUIS (PAMPANGA) INC	175,464,578.25	114,537,220.96	153.19%
ENTERPRISE BANK INC (A THRIFT BANK)	615,972,133.84	416,558,371.02	147.87%
RB OF SAN MATEO(ISABELA) INC	193,132,656.41	136,654,395.35	141.33%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	591,956,730.74	421,692,152.80	140.38%
EQUICOM SAVINGS BANK INC	1,342,600,228.77	1,046,369,742.58	128.31%
RB OF BAMBANG (NUEVA VIZCAYA) INC	176,270,866.46	138,079,267.69	127.66%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	447,566,361.42	354,184,625.30	126.37%
RB OF MARIA AURORA (AURORA) INC	296,616,768.80	238,942,441.99	124.14%
RB OF BAYOMBONG INC	222,900,266.96	181,010,882.20	123.14%
CHINA BANK SAVINGS INC	14,333,672,582.61	11,704,604,899.76	122.46%
COMMON WEALTH RURAL BANK INC	158,816,261.60	133,847,522.75	118.65%
COOPERATIVE BANK OF BOHOL	128,504,467.96	112,434,247.74	114.29%
UCPB SAVINGS BANK	3,990,723,671.68	3,581,278,919.06	111.43%
PHIL BANK OF COMMUNICATIONS	14,133,443,495.97	12,760,687,633.53	110.76%
GATEWAY RURAL BANK INC	134,585,785.25	122,636,282.32	109.74%
CORDILLERA SAVINGS BANK INC	150,654,300.79	137,457,221.38	109.60%
GM BANK OF LUZON INC (A RURAL BANK)	524,403,298.67	483,172,924.10	108.53%
RB OF SAN NARCISO INC	58,771,706.43	55,716,472.11	105.48%
PRODUCERS SAVINGS BANK CORPORATION	2,393,150,809.36	2,271,730,683.32	105.34%
ASIA UNITED BANK CORPORATION	31,993,330,514.85	30,654,018,442.84	104.37%
BANCO MEXICO INC (A RURAL BANK)	59,371,810.08	60,300,130.65	98.46%
PHILIPPINE VETERANS BANK	5,591,895,936.35	5,739,173,216.31	97.43%
BOF INC (A RURAL BANK)	624,713,179.53	642,802,469.17	97.19%
LAGAWE HIGHLANDS RB INC	64,173,691.48	67,628,554.93	94.89%
FIRST AGRO-INDUSTRIAL RB INC(FAIRBANK)	132,824,313.30	145,080,951.84	91.55%
ENTREPRENEUR RB INC	82,629,705.04	92,494,347.97	89.33%
BANGKO MABUHAY (A RURAL BANK) INC	288,633,135.62	334,650,767.06	86.25%
BATAAN DEVELOPMENT BANK	103,417,778.95	120,119,828.90	86.10%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	494,121,498.21	590,330,854.86	83.70%
ILOCOS CONSOLIDATED COOPERATIVE BANK	237,455,049.74	284,860,294.22	83.36%
MAYBANK PHILIPPINES INCORPORATED	13,001,725,748.13	15,670,489,064.08	82.97%
CONSOLIDATED COOPERATIVE BANK	430,323,203.66	522,714,998.13	82.32%
RB OF MAGDALENA (LAGUNA) INC	99,571,181.99	122,538,456.32	81.26%
FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK)	237,246,177.39	292,557,357.63	81.09%
AGRIBUSINESS RURAL BANK INC	800,003,533.26	997,045,477.00	80.24%
PBCOM RURAL BANK INC	732,672,292.92	927,005,866.32	79.04%
LEGAZPI SAVINGS BANK INC	639,444,617.57	829,242,217.84	77.11%
LIBERTY BANK (A RURAL BANK) INC	59,066,934.13	76,650,630.93	77.06%
MT CARMEL RURAL BANK INC	278,122,630.31	366,809,513.51	75.82%
CANTILAN BANK INC (A RURAL BANK)	463,162,032.07	611,549,814.40	75.74%
CITY SAVINGS BANK INC	11,997,671,439.35	16,153,612,099.45	74.27%
RB OF ITOGON (BENGUET) INC	99,924,510.82	134,542,763.42	74.27%
NEW RB OF SAN LEONARDO (N.E.) INC	187,112,985.90	253,873,504.19	73.70%
SUGBUANON RB INC	81,489,746.51	114,310,395.26	71.29%
COOP BANK OF BENGUET (CBB)	77,953,691.33	111,878,935.91	69.68%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,496,676,618.70	3,607,748,501.00	69.20%
PHIL SAVINGS BANK	24,100,796,884.82	34,887,844,715.42	69.08%
RB OF SAN PASCUAL(OBANDO BULACAN)INC	54,441,588.19	79,909,299.96	68.13%
DUMAGUETE CITY DEV BANK INC	234,455,433.67	347,628,399.87	67.44%
MINDANAO CONSOLIDATED COOPERATIVE BANK	289,242,483.63	435,227,070.46	66.46%
COOPERATIVE BANK OF NUEVA VIZCAYA	77,480,756.83	117,291,165.47	66.06%
ALIAGA FARMERS RURAL BANK INC	121,392,226.60	185,764,950.73	65.35%
RB OF MABALACAT INC	65,228,804.59	100,690,709.67	64.78%
DEVELOPMENT BANK OF THE PHIL	40,190,329,892.76	62,450,082,767.32	64.36%
WEALTH DEVELOPMENT BANK CORPORATION	1,056,877,447.98	1,642,419,601.64	64.35%
HIGHLAND RURAL BANK INC	105,086,350.90	164,486,964.13	63.89%
PNB SAVINGS BANK	8,099,738,453.75	12,774,460,823.63	63.41%
CITIZEN'S RB (CABIAO) INC	41,880,953.66	66,191,594.12	63.27%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	57,157,456.19	95,927,090.87	59.58%
RB OF POZORRUBIO INC	27,284,854.33	45,910,405.27	59.43%
COOP BANK OF PALAWAN	138,978,866.36	235,504,500.14	59.01%
GOLDEN RURAL BANK OF THE PHILIPPINES INC	45,023,853.98	77,162,101.86	58.35%
PANGASINAN BANK (A RB) INC	50,962,293.99	87,978,823.60	57.93%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	108,006,428.83	187,508,517.66	57.60%
COOP BANK OF QUEZON PROVINCE	74,460,492.59	130,749,336.42	56.95%
CITIBANK, N.A.	10,020,325,761.08	17,860,696,692.49	56.10%
RNG COASTAL BANK INC(A RURAL BANK)	97,139,166.38	173,785,879.00	55.90%
MALARAYAT RB INC	111,894,055.74	201,948,538.88	55.41%
RB OF PORAC (PAMPANGA) INC	179,619,845.47	326,198,026.69	55.06%
CAMALIG BANK INC (A RURAL BANK)	166,928,599.70	310,601,946.77	53.74%
SOUTH BANK (A RURAL BANK) INC	55,969,895.10	104,867,903.15	53.37%
UNIVERSITY SAVINGS BANK INC	243,139,482.94	461,162,867.19	52.72%
METRO SOUTH COOP BANK	511,324,400.75	977,619,976.27	52.30%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	115,632,162.16	222,008,574.77	52.08%
RB OF DUMANGAS INC	53,406,650.73	103,438,320.72	51.63%
EAST WEST BANKING CORP	25,346,925,836.39	49,302,802,428.41	51.41%
RB OF MARAGONDON INC	39,904,958.94	78,010,612.73	51.15%
RB OF SAN AGUSTIN (ISABELA) INC	29,726,926.30	58,157,523.50	51.11%
HIYAS BANKING CORPORATION	105,304,715.46	207,346,154.65	50.79%
BPI DIRECT BANKO INC A SAVINGS BANK	1,633,660,512.24	3,233,427,359.90	50.52%
BPI FAMILY SAVINGS BANK INC	17,930,804,993.48	35,815,553,827.52	50.06%
BANK OF MAKATI (A SAVINGS BANK) INC	5,319,855,995.53	10,766,978,429.47	49.41%
MARITIME SAVINGS BANK CORPORATION	29,886,884.79	61,041,130.40	48.96%
FILIDIAN RURAL BANK OF ANTIPOLO INC	74,888,171.06	153,485,196.52	48.79%
PHIL STAR DEVELOPMENT BANK INC	66,756,341.05	137,231,127.10	48.65%
BDO NETWORK BANK INC	3,895,191,265.70	8,066,678,041.85	48.29%
FIRST TAGUM RURAL BANK INC	158,452,229.63	329,629,174.72	48.07%
COMMTY RB OF CATMON (CEBU) INC	69,247,281.78	144,185,439.09	48.03%
RB OF LEBAK (SULTAN KUDARAT) INC	58,405,944.03	121,874,710.52	47.92%
ASPAC RURAL BANK INC	163,312,074.41	343,222,634.57	47.58%
STANDARD CHARTERED BANK	4,211,158,665.61	8,998,768,935.54	46.80%
SUMMIT BANK (RB OF TUBLAY INC)	179,661,841.34	386,458,948.01	46.49%
RIZAL COMM'L BANKING CORP	47,028,957,204.18	101,934,446,251.59	46.14%
RB OF PILAR (SORSOGON) INC	41,603,014.94	90,219,618.54	46.11%
BHF RURAL BANK INC	154,848,356.83	339,104,809.87	45.66%
RB OF BAGABAG (N.V.)INC	83,281,487.42	182,644,209.67	45.60%
CSFIRST BANK INC - A RURAL BANK	21,034,416.31	46,506,251.52	45.23%
BALANGA RURAL BANK, INC.	37,465,189.32	84,210,335.65	44.49%
UNION BANK OF THE PHILS	39,568,793,732.17	89,245,760,970.79	44.34%
CITYSTATE SAVINGS BANK INC	306,402,846.40	698,588,473.90	43.86%
BANKWAYS INC (A RURAL BANK)	115,871,940.95	266,212,724.89	43.53%
MEGA INT'L COMM'L BANK CO LTD	1,580,548,815.43	3,669,569,676.90	43.07%
BANK ONE SAVINGS CORPORATION	282,203,350.52	658,488,237.82	42.86%
MVSM BANK (A RURAL BANK SINCE 1953) INC	66,092,785.18	157,586,973.33	41.94%
GUAGUA RURAL BANK INC	427,012,032.47	1,019,539,292.68	41.88%
MARAYO BANK INC (A RURAL BANK)	288,835,453.39	706,571,249.58	40.88%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	216,267,218.76	550,044,342.57	39.32%
BANK OF COMMERCE	7,138,116,227.15	18,161,952,262.59	39.30%
SUN SAVINGS BANK INC	123,673,705.92	315,356,301.54	39.22%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	53,362,522.26	136,493,052.26	39.10%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	55,942,957.80	143,835,863.15	38.89%
HONGKONG & SHANGHAI BANKING CORP	6,057,361,324.52	15,598,629,747.69	38.83%
CEBUANA LHUILLIER RB INC	61,056,030.29	160,094,631.70	38.14%
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	31,260,233.42	82,118,111.65	38.07%
QUEZON CAPITAL RB INC	144,986,444.64	382,804,847.45	37.87%
1ST VALLEY BANK INC A DEVELOPMENT BANK	881,151,193.39	2,347,935,210.59	37.53%
PHIL NATIONAL BANK	54,783,326,384.07	148,024,151,835.24	37.01%
PAMPANGA DEVELOPMENT BANK	106,039,894.40	287,323,747.83	36.91%
MALLIG PLAINS RURAL BANK (ISABELA) INC	49,754,569.73	137,165,229.46	36.27%
RB OF GUINOBATAN INC	45,659,387.38	126,953,329.24	35.97%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	86,669,639.69	241,396,604.12	35.90%
ZAMBALES RURAL BANK INC	63,924,974.62	183,272,346.34	34.88%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	26,489,804.36	75,977,898.92	34.87%
FARMERS SAVINGS & LOAN BANK INC	54,315,546.78	157,993,941.17	34.38%
LIFE SAVINGS BANK INC	26,482,695.89	77,334,529.92	34.24%
EAST WEST RURAL BANK INC	1,460,919,094.23	4,270,165,191.74	34.21%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	4,241,170,560.30	12,666,253,036.77	33.48%
PHIL TRUST COMPANY	8,703,049,105.03	26,160,520,621.05	33.27%
COOP BANK OF COTABATO	242,287,480.40	730,962,859.54	33.15%
NORTHPOINT DEV'T BANK INC	153,051,490.75	462,388,073.54	33.10%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	255,680,643.73	792,044,348.38	32.28%
SECURED BANK INC (A RB)	43,931,417.65	136,953,488.47	32.08%
KATIPUNAN BANK INC "A RURAL BANK"	168,528,104.94	539,426,195.78	31.24%
CARD SME BANK INC A THRIFT BANK	424,640,836.46	1,369,383,364.89	31.01%
ALLBANK (A THRIFT BANK) INC	345,746,002.32	1,121,132,829.23	30.84%
RB OF ROSARIO (LA UNION) INC	20,424,700.25	66,468,894.45	30.73%
LAND BANK OF THE PHILIPPINES	41,820,993,546.36	137,293,250,914.24	30.46%
RB OF GATTARAN (CAGAYAN) INC	30,757,178.84	101,630,593.16	30.26%
FIRST ISABELA COOP BANK (FICOBANK)	301,547,512.23	1,001,445,571.49	30.11%
RB OF CAUAYAN INC	81,782,467.38	273,256,041.72	29.93%
BANGKO MONTANOSA INC (A RURAL BANK)	33,279,383.01	112,956,306.92	29.46%
RURAL BANK OF SAN ANTONIO INC	47,700,898.72	162,171,562.72	29.41%
RB OF ALABEL (SARANGANI) INC	31,750,809.95	108,989,992.13	29.13%
PACIFIC ACE SAVINGS BANK INC	25,556,413.69	87,842,329.94	29.09%
METROPOLITAN BANK & TCO	88,162,562,172.16	303,095,499,426.45	29.09%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	50,091,126.21	172,414,663.42	29.05%
BANGKOK BANK PUBLIC CO LTD	1,499,459,313.55	5,207,404,775.59	28.79%
RB OF SOLANO (NUEVA VIZCAYA) INC	64,008,094.13	224,311,802.59	28.54%
CHINA BANKING CORP	23,930,886,484.54	84,740,648,960.08	28.24%
ROBINSONS BANK CORPORATION	4,798,554,803.62	17,227,437,188.35	27.85%
RB OF TANGUB CITY (MIS OCC) INC	34,344,389.44	123,729,793.64	27.76%
MANOR BANK - A RURAL BANK CORP	32,440,992.92	117,728,220.78	27.56%
IMUS RURAL BANK INC	59,791,956.13	220,287,697.57	27.14%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	178,931,905.38	686,604,395.40	26.06%
STA MARIA RURAL BANK INC	22,012,557.13	85,394,751.39	25.78%
RB OF BAY INC	17,521,621.63	69,159,136.06	25.34%
FIRST CONSOLIDATED BANK INC (A PDB)	1,343,113,518.90	5,367,348,658.88	25.02%
BAYBANK INC (A RURAL BANK)	21,499,063.71	86,889,927.71	24.74%
RB OF DIGOS INC	54,383,437.17	222,293,469.78	24.46%
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	147,595,409.93	629,146,504.68	23.46%
BDO UNIBANK INC	83,560,665,470.96	366,153,600,541.31	22.82%
CARD BANK INC (A MF RB)	729,227,633.89	3,252,076,977.12	22.42%
SECURITY BANK CORP	25,698,763,677.75	115,903,312,571.52	22.17%
QUEZON COCONUT BANK INC (A THRIFT BANK)	12,973,681.36	58,584,467.88	22.15%
CTBC BANK (PHILIPPINES) CORP	2,160,065,443.21	9,805,871,930.43	22.03%
HSBC SAVINGS BANK(PHILS) INC	387,620,264.95	1,772,761,755.08	21.87%
BDO PRIVATE BANK, INC.	1,133,674,539.49	5,448,864,274.61	20.81%
RB OF MONTALBAN INC	12,716,778.43	64,003,379.56	19.87%
GUAGUA SAVERS BANK(A RB) INC	16,535,126.88	83,875,463.42	19.71%
CENTURY RURAL BANK INC	16,235,648.81	82,357,798.01	19.71%
NATIONAL TEACHERS & EMP. COOP BANK	27,045,253.06	137,785,073.16	19.63%
CAVITE UNITED RURAL BANK CORP	84,847,214.59	432,697,822.89	19.61%
RB OF ANTIPOLO INC	22,681,848.96	117,011,072.45	19.38%
DEUTSCHE BANK AG	450,156,920.27	2,342,303,641.38	19.22%
ARDCIBANK INC A RURAL BANK	19,475,390.17	103,524,263.12	18.81%
RB OF STA IGNACIA INC	24,158,090.46	129,264,392.39	18.69%
RBT BANK INC A RURAL BANK	36,006,273.41	196,840,035.67	18.29%
RB OF POLA (ORIENTAL MINDORO) INC	60,012,276.06	331,755,098.59	18.09%
MIZUHO BANK LTD - MANILA BRANCH	1,592,887,202.79	9,159,963,681.69	17.39%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	29,029,380.34	168,193,818.41	17.26%
BANK OF THE PHIL ISLANDS	42,401,795,893.82	263,473,709,191.40	16.09%
LIFEBANK- A RURAL BANK	46,035,698.42	288,734,066.75	15.94%
ING BANK N.V.	352,496,027.86	2,611,618,594.23	13.50%
CENTURY SAVINGS BANK CORPORATION	127,702,048.69	948,360,132.60	13.47%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	565,769,298.12	4,344,343,399.26	13.02%
RB OF BARILI (CEBU) INC	52,172,320.57	403,165,916.53	12.94%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	21,651,228.49	169,409,195.71	12.78%
JP MORGAN CHASE BANK NATIONAL ASSN.	302,232,458.73	2,716,099,000.00	11.13%
METRO CEBU PUBLIC SAVINGS BANK	10,587,303.92	97,059,896.59	10.91%
INNOVATIVE BANK INC (A RURAL BANK)	38,546,505.54	361,341,097.28	10.67%
LEMERY SAVINGS & LOAN BANK, INC.	9,360,996.18	91,451,813.22	10.24%
RB OF GLORIA (OR MIN) INC	7,297,451.70	101,817,012.48	7.17%
CIMB BANK PHILIPPINES INC	198,759,667.19	3,187,832,865.73	6.23%
RB OF PANDI (BULACAN) INC	13,253,363.12	261,785,685.46	5.06%
ISLA BANK(A THRIFT BANK) INC	32,930,980.36	763,882,291.07	4.31%
MUFG BANK, LTD.	159,431,095.75	4,966,979,023.99	3.21%
KEB HANA BANK - MANILA BRANCH	76,032,432.94	3,739,037,886.21	2.03%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA	46,905,703.49	3,989,198,820.00	1.18%
BANK OF AMERICA N.A.	24,162,447.69	2,110,669,180.10	1.14%
SHINHAN BANK - MANILA BRANCH	33,406,541.64	4,244,398,525.55	0.79%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	12,317,034.31	2,114,000,970.08	0.58%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	12,908,025.31	2,386,367,048.26	0.54%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	62,647,573.48	13,027,021,989.27	0.48%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	16,418,211.47	3,981,777,724.68	0.41%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	8,153,583.53	2,035,467,519.75	0.40%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	19,820,743.82	5,206,294,984.24	0.38%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	7,015,338.76	2,161,364,890.91	0.32%
D' ASIAN HILLS BANK INC (A RURAL BANK)	NA	NA	NA
GRAND-AGRI RURAL BANK	NA	NA	NA
INSULAR SAVERS BANK INC (A RURAL BANK)	NA	NA	NA
LUZON DEVELOPMENT BANK	NA	NA	NA
MOUNT MAKILING RURAL BANK INC	NA	NA	NA
RB OF ANGELES INC	NA	NA	NA
RB OF MIAGAO (ILOILO) INC	NA	NA	NA
RB OF PARACALE(CAMARINES NORTE) INC	NA	NA	NA
RCBC SAVINGS BANK INC	NA	NA	NA
TANAY RB INC	NA	NA	NA
Grand Total	811,506,541,674.53	2,227,279,895,143.28	36.43%

  

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 June 30, 2019 and September 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.