An 80% Minimum NPL Coverage Ratio will Result in a Severe Undercapitalization of Some Philippine Banks - September 30, 2019

Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some Philippine banks that could eat into a substantial chunk (30% or more) of their Stockholder's Equity.  Based on the table below, nine banks will be severely affected:

 

Philippine Banking System
Impact on SE of Minimum Loan Loss Provisions
September 30, 2019
Bank	Minimum Loan Loss Provisions at 80% NPL Coverage Ratio	Actual Loan Loss Provisions	Excess/Deficit Loan Loss Provisions	Stockholder's Equity	Impact on SE
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	466,696,314.76	306,682,396.53	-160,013,918.23	151,315,801.79	-105.75%
ENTERPRISE BANK INC (A THRIFT BANK)	340,851,260.31	189,912,010.92	-150,939,249.39	231,051,873.44	-65.33%
UCPB SAVINGS BANK	2,489,672,179.98	995,238,992.06	-1,494,433,187.92	2,721,313,519.35	-54.92%
BANCO MEXICO INC (A RURAL BANK)	45,128,162.33	21,637,499.44	-23,490,662.89	45,304,960.82	-51.85%
LAGAWE HIGHLANDS RB INC	43,058,869.32	18,821,403.47	-24,237,465.85	49,367,144.08	-49.10%
EQUICOM SAVINGS BANK INC	663,945,000.41	361,921,343.20	-302,023,657.21	753,741,341.29	-40.07%
ENTREPRENEUR RB INC	50,342,289.32	27,482,616.23	-22,859,673.09	61,761,476.74	-37.01%
PNB SAVINGS BANK	5,494,694,423.54	1,963,354,159.45	-3,531,340,264.09	10,584,017,079.36	-33.36%
BENGUET CENTER BANK INC A RB	34,760,682.35	16,791,233.53	-17,969,448.82	55,503,672.40	-32.38%
SAVIOUR RURAL BANK INC	47,965,386.65	20,738,792.82	-27,226,593.83	91,671,607.32	-29.70%
NEW RB OF SAN LEONARDO (N.E.) INC	99,690,066.52	31,917,625.02	-67,772,441.50	231,420,038.29	-29.29%
AGRIBUSINESS RURAL BANK INC	431,660,130.90	202,042,249.77	-229,617,881.13	826,155,612.02	-27.79%
GOLDEN RURAL BANK OF THE PHILIPPINES INC	27,709,647.73	10,408,148.33	-17,301,499.40	65,288,087.66	-26.50%
METRO SOUTH COOP BANK	405,209,043.41	196,860,938.56	-208,348,104.85	789,628,390.99	-26.39%
AMA RURAL BANK OF MANDALUYONG INC	425,249,937.34	154,372,964.62	-270,876,972.72	1,044,403,394.30	-25.94%
CITIZEN'S RB (CABIAO) INC	24,688,607.42	11,023,132.85	-13,665,474.57	57,014,146.98	-23.97%
GM BANK OF LUZON INC (A RURAL BANK)	232,600,545.62	139,416,054.30	-93,184,491.32	413,000,595.24	-22.56%
WEALTH DEVELOPMENT BANK CORPORATION	496,933,239.62	162,085,067.38	-334,848,172.24	1,501,272,941.23	-22.30%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,378,187,658.02	742,709,068.32	-635,478,589.70	2,873,805,677.87	-22.11%
COOP BANK OF CAGAYAN	67,783,904.88	55,211,697.27	-12,572,207.61	63,488,079.19	-19.80%
PANGASINAN BANK (A RB) INC	30,445,341.51	17,265,458.42	-13,179,883.09	67,539,693.65	-19.51%
FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK)	95,824,215.73	45,918,540.87	-49,905,674.86	257,700,756.55	-19.37%
MARITIME SAVINGS BANK CORPORATION	16,390,706.00	6,948,645.24	-9,442,060.76	53,123,817.38	-17.77%
PAMPANGA DEVELOPMENT BANK	81,825,509.57	37,261,952.91	-44,563,556.66	252,451,867.38	-17.65%
PRODUCERS SAVINGS BANK CORPORATION	568,694,997.21	205,430,902.15	-363,264,095.06	2,208,032,488.24	-16.45%
BALANGA RURAL BANK, INC.	24,250,920.16	13,889,522.83	-10,361,397.33	66,278,584.72	-15.63%
RB OF CARDONA (RIZAL) INC	68,245,034.74	51,498,765.33	-16,746,269.41	109,657,924.68	-15.27%
COMMON WEALTH RURAL BANK INC	45,932,639.26	21,594,471.30	-24,338,167.96	166,998,560.40	-14.57%
FIRST AGRO-INDUSTRIAL RB INC(FAIRBANK)	35,997,922.84	19,644,079.52	-16,353,843.32	112,635,152.29	-14.52%
SUGBUANON RB INC	35,343,126.72	15,852,069.89	-19,491,056.83	138,907,669.18	-14.03%
CHINA BANK SAVINGS INC	3,383,960,073.65	1,993,303,487.69	-1,390,656,585.96	10,029,845,115.49	-13.87%
UNITED COCONUT PLANTERS BANK	5,180,923,153.76	2,627,812,219.48	-2,553,110,934.28	18,462,663,888.20	-13.83%
RB OF PORAC (PAMPANGA) INC	96,941,347.07	55,686,554.47	-41,254,792.60	303,060,215.83	-13.61%
RANG-AY BANK INC (A RURAL BANK)	126,707,537.07	51,305,360.40	-75,402,176.67	561,681,040.58	-13.42%
RB OF SAN PASCUAL(OBANDO BULACAN)INC	30,451,657.51	22,556,011.54	-7,895,645.97	62,285,174.75	-12.68%
MVSM BANK (A RURAL BANK SINCE 1953) INC	41,594,317.64	19,076,088.24	-22,518,229.40	190,858,520.48	-11.80%
SUMMIT BANK (RB OF TUBLAY INC)	139,422,188.02	98,994,559.11	-40,427,628.91	343,569,991.45	-11.77%
LIBERTY BANK (A RURAL BANK) INC	31,551,272.70	27,474,666.92	-4,076,605.78	35,289,144.14	-11.55%
EAST WEST RURAL BANK INC	704,437,200.35	250,016,301.58	-454,420,898.77	4,172,718,475.30	-10.89%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	28,938,918.17	19,034,260.19	-9,904,657.98	93,169,577.61	-10.63%
BPI FAMILY SAVINGS BANK INC	9,236,943,254.19	5,841,220,680.17	-3,395,722,574.02	32,558,421,330.89	-10.43%
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	23,552,389.01	16,655,661.87	-6,896,727.14	71,129,045.00	-9.70%
MARAYO BANK INC (A RURAL BANK)	220,220,635.34	158,140,672.76	-62,079,962.58	663,181,642.20	-9.36%
CITY SAVINGS BANK INC	2,955,441,141.36	1,600,040,577.24	-1,355,400,564.12	15,890,455,575.11	-8.53%
VILLAGE BANK INC (A RURAL BANK)	44,074,504.01	37,762,487.79	-6,312,016.22	74,953,447.09	-8.42%
BANGKO MABUHAY (A RURAL BANK) INC	67,136,759.10	41,812,059.76	-25,324,699.34	317,070,043.77	-7.99%
1ST VALLEY BANK INC A DEVELOPMENT BANK	442,121,031.84	261,357,324.90	-180,763,706.94	2,264,120,462.25	-7.98%
RB OF ALABEL (SARANGANI) INC	21,065,384.62	12,872,389.00	-8,192,995.62	104,798,884.50	-7.82%
CITYSTATE SAVINGS BANK INC	100,763,457.74	51,001,659.99	-49,761,797.75	657,956,277.37	-7.56%
COOP BANK OF QUEZON PROVINCE	37,804,263.68	29,877,936.91	-7,926,326.77	105,588,591.92	-7.51%
HIYAS BANKING CORPORATION	33,371,908.50	20,649,896.25	-12,722,012.25	185,825,993.35	-6.85%
RB OF GENERAL TRIAS INC	30,025,396.42	21,629,873.01	-8,395,523.41	124,143,759.35	-6.76%
IMUS RURAL BANK INC	25,879,859.24	12,294,313.16	-13,585,546.08	208,572,171.32	-6.51%
COOPERATIVE BANK OF BOHOL	45,880,722.94	41,021,310.74	-4,859,412.20	78,447,042.24	-6.19%
RB OF MARIA AURORA (AURORA) INC	46,178,390.67	32,810,056.15	-13,368,334.52	225,384,386.84	-5.93%
RB OF CAUAYAN INC	42,503,669.30	27,832,960.93	-14,670,708.37	255,414,640.04	-5.74%
RB OF DUMANGAS INC	23,438,922.69	18,217,468.84	-5,221,453.85	95,740,314.74	-5.45%
BATAAN DEVELOPMENT BANK	29,049,170.07	23,702,689.11	-5,346,480.96	106,394,567.93	-5.03%
GUAGUA RURAL BANK INC	217,238,100.31	162,111,731.51	-55,126,368.80	1,123,573,756.00	-4.91%
FIRST ISABELA COOP BANK (FICOBANK)	147,909,046.13	102,451,982.44	-45,457,063.69	1,051,065,269.80	-4.32%
MALAYAN BANK SAVINGS AND MORT BANK INC	204,404,179.10	147,555,346.14	-56,848,832.96	1,328,023,608.47	-4.28%
PHIL SAVINGS BANK	4,858,127,064.14	3,445,641,721.71	-1,412,485,342.43	33,214,586,464.09	-4.25%
EAST WEST BANKING CORP	8,447,115,682.06	6,462,523,056.95	-1,984,592,625.11	47,293,240,365.48	-4.20%
RB OF ITOGON (BENGUET) INC	29,886,376.63	25,355,780.31	-4,530,596.32	109,724,435.72	-4.13%
BANK OF MAKATI (A SAVINGS BANK) INC	2,229,013,394.50	1,789,062,338.47	-439,951,056.03	10,892,770,719.43	-4.04%
CEBUANA LHUILLIER RB INC	21,617,273.45	14,986,797.78	-6,630,475.67	167,835,713.50	-3.95%
RB OF PILAR (BATAAN) INC	28,731,791.31	23,026,284.70	-5,705,506.61	146,488,971.17	-3.89%
RB OF BAY INC	11,607,627.42	9,127,112.70	-2,480,514.72	67,472,120.89	-3.68%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	44,112,256.34	37,772,356.14	-6,339,900.20	179,161,895.58	-3.54%
CAMALIG BANK INC (A RURAL BANK)	37,987,304.84	27,696,154.76	-10,291,150.08	295,526,189.02	-3.48%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	39,221,079.87	19,616,222.90	-19,604,856.97	585,073,959.24	-3.35%
RIZAL COMM'L BANKING CORP	11,655,216,516.09	8,850,351,871.24	-2,804,864,644.85	84,678,647,795.18	-3.31%
CAVITE UNITED RURAL BANK CORP	65,531,794.67	52,714,604.21	-12,817,190.46	447,656,837.12	-2.86%
MINDANAO CONSOLIDATED COOPERATIVE BANK	159,006,652.91	150,428,206.17	-8,578,446.74	301,455,869.07	-2.85%
MAKILING DEVELOPMENT BANK CORPORATION	36,144,755.42	26,709,506.81	-9,435,248.61	334,940,661.61	-2.82%
ALLBANK (A THRIFT BANK) INC	87,952,128.76	58,996,511.42	-28,955,617.34	1,082,792,496.69	-2.67%
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	81,089,883.53	68,054,923.05	-13,034,960.48	596,136,560.54	-2.19%
RB OF SOLANO (NUEVA VIZCAYA) INC	28,068,062.54	23,174,595.47	-4,893,467.07	226,740,756.04	-2.16%
RB OF SAN LUIS (PAMPANGA) INC	14,199,709.54	12,049,937.14	-2,149,772.40	108,654,457.75	-1.98%
FIRST CONSOLIDATED BANK INC (A PDB)	720,872,783.46	620,594,116.77	-100,278,666.69	5,221,330,989.13	-1.92%
QUEZON CAPITAL RB INC	51,601,519.75	45,481,263.51	-6,120,256.24	365,911,790.97	-1.67%
SECURED BANK INC (A RB)	22,849,557.90	20,729,485.55	-2,120,072.35	131,268,170.62	-1.62%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	18,237,117.17	15,618,285.55	-2,618,831.62	162,369,192.31	-1.61%
UNION BANK OF THE PHILS	7,959,890,877.88	6,711,396,801.59	-1,248,494,076.29	90,031,207,561.85	-1.39%
MALLIG PLAINS RURAL BANK (ISABELA) INC	16,974,222.98	15,406,462.68	-1,567,760.30	124,263,548.22	-1.26%
CENTURY SAVINGS BANK CORPORATION	31,682,023.52	19,537,665.62	-12,144,357.90	995,578,489.76	-1.22%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	42,091,371.30	37,999,732.66	-4,091,638.64	362,527,294.60	-1.13%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,463,122,280.74	1,327,555,479.95	-135,566,800.79	12,685,297,990.77	-1.07%
QUEZON COCONUT BANK INC (A THRIFT BANK)	2,145,818.84	1,518,586.09	-627,232.75	59,266,874.42	-1.06%
RB OF MIDSAYAP INC	11,971,907.63	10,975,443.18	-996,464.45	98,377,062.30	-1.01%
LIFE SAVINGS BANK INC	6,084,190.57	5,424,695.67	-659,494.90	75,302,886.99	-0.88%
GUAGUA SAVERS BANK(A RB) INC	11,100,513.69	10,460,371.42	-640,142.27	79,447,348.48	-0.81%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	9,459,144.85	8,946,920.90	-512,223.95	68,305,971.91	-0.75%
RB OF POLA (ORIENTAL MINDORO) INC	38,667,307.41	37,568,705.12	-1,098,602.29	301,001,698.91	-0.36%
RNG COASTAL BANK INC(A RURAL BANK)	18,165,672.03	17,629,252.45	-536,419.58	163,362,028.26	-0.33%
MALARAYAT RB INC	27,664,925.38	27,494,403.66	-170,521.72	184,476,970.16	-0.09%
ASIA UNITED BANK CORPORATION	2,128,522,504.21	2,103,787,848.41	-24,734,655.80	32,636,474,980.14	-0.08%
PACIFIC ACE SAVINGS BANK INC	8,709,536.80	8,644,024.63	-65,512.17	86,932,592.22	-0.08%
ROBINSONS BANK CORPORATION	841,305,598.06	838,542,947.86	-2,762,650.20	16,699,002,617.27	-0.02%
PHIL STAR DEVELOPMENT BANK INC	9,408,234.62	9,487,123.21	78,888.59	131,404,641.21	0.06%
CIMB BANK PHILIPPINES INC	0.00	2,673,490.73	2,673,490.73	2,924,027,398.32	0.09%
COOPERATIVE BANK OF NUEVA VIZCAYA	27,110,438.52	27,204,572.87	94,134.35	100,998,685.58	0.09%
BDO PRIVATE BANK, INC.	0.00	7,039,563.71	7,039,563.71	6,558,826,021.32	0.11%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	25,172,736.45	25,172,736.45	12,994,796,498.58	0.19%
ZAMBALES RURAL BANK INC	36,700,679.86	37,294,050.64	593,370.78	217,831,630.15	0.27%
STANDARD CHARTERED BANK	2,075,672,422.09	2,096,586,785.07	20,914,362.98	7,051,232,947.85	0.30%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA	0.00	13,428,820.00	13,428,820.00	3,791,221,539.00	0.35%
LEMERY SAVINGS & LOAN BANK, INC.	2,392,865.03	2,758,438.16	365,573.13	93,543,139.29	0.39%
MANOR BANK - A RURAL BANK CORP	5,924,043.50	6,455,638.05	531,594.55	115,454,531.77	0.46%
ING BANK N.V.	0.00	13,618,594.23	13,618,594.23	2,739,797,154.08	0.50%
CORDILLERA SAVINGS BANK INC	13,705,301.59	14,379,069.48	673,767.89	130,257,824.84	0.52%
ISLA BANK(A THRIFT BANK) INC	0.00	4,290,580.33	4,290,580.33	771,770,214.52	0.56%
RB OF BAGABAG (N.V.)INC	48,259,770.25	49,130,136.59	870,366.34	150,931,109.15	0.58%
DEVELOPMENT BANK OF THE PHIL	8,011,610,212.00	8,363,920,957.37	352,310,745.37	58,221,636,076.64	0.61%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	0.00	28,250,281.99	28,250,281.99	4,540,020,984.97	0.62%
CARD BANK INC (A MF RB)	233,770,988.95	260,034,333.52	26,263,344.57	4,174,141,999.90	0.63%
BANK OF AMERICA N.A.	0.00	14,607,974.90	14,607,974.90	2,295,963,002.89	0.64%
PHIL BANK OF COMMUNICATIONS	2,144,359,394.28	2,230,406,554.82	86,047,160.54	13,109,979,929.29	0.66%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	0.00	14,000,970.08	14,000,970.08	2,076,237,971.52	0.67%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	0.00	35,826,450.00	35,826,450.00	5,268,704,064.98	0.68%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	38,154,215.36	39,494,597.24	1,340,381.88	196,351,058.72	0.68%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	0.00	13,999,225.59	13,999,225.59	2,048,897,495.30	0.68%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	26,000,000.00	26,000,000.00	3,596,576,706.13	0.72%
INNOVATIVE BANK INC (A RURAL BANK)	2,111,525.17	4,905,914.14	2,794,388.97	364,749,724.53	0.77%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	0.00	17,035,607.91	17,035,607.91	2,177,928,149.87	0.78%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.00	19,025,132.94	19,025,132.94	2,424,728,073.99	0.78%
NATIONAL TEACHERS & EMP. COOP BANK	20,655,661.86	21,659,390.59	1,003,728.73	122,420,002.09	0.82%
BHF RURAL BANK INC	24,723,948.35	28,252,098.99	3,528,150.64	346,399,189.16	1.02%
SHINHAN BANK - MANILA BRANCH	0.00	44,398,525.55	44,398,525.55	4,294,127,534.82	1.03%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	77,018,999.73	87,311,153.05	10,292,153.32	973,506,215.29	1.06%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	46,307,724.68	46,307,724.68	4,100,954,713.76	1.13%
BANK ONE SAVINGS CORPORATION	36,403,520.79	43,836,572.86	7,433,052.07	644,576,796.27	1.15%
ALIAGA FARMERS RURAL BANK INC	92,316,221.93	93,548,225.68	1,232,003.75	97,813,356.20	1.26%
YUANTA SAVINGS BANK PHILIPPINES INC	606,311.21	12,127,743.72	11,521,432.51	851,472,144.87	1.35%
NORTHPOINT DEV'T BANK INC	89,117,921.08	94,707,491.10	5,589,570.02	409,999,639.43	1.36%
LAND BANK OF THE PHILIPPINES	17,315,603,746.87	19,440,318,404.55	2,124,714,657.68	144,872,072,085.65	1.47%
RB OF GATTARAN (CAGAYAN) INC	19,312,596.14	20,869,695.37	1,557,099.23	104,419,421.12	1.49%
RB OF BAYOMBONG INC	11,081,484.02	13,602,381.71	2,520,897.69	168,201,802.94	1.50%
SECURITY BANK CORP	5,067,761,960.91	6,926,619,822.03	1,858,857,861.12	117,396,633,658.88	1.58%
RB OF GLORIA (OR MIN) INC	1,767,061.30	3,527,808.33	1,760,747.03	103,270,392.21	1.70%
KEB HANA BANK - MANILA BRANCH	18,440,166.66	94,837,886.21	76,397,719.55	3,937,070,241.30	1.94%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	210,152,302.17	210,152,302.17	10,367,380,583.63	2.03%
BOF INC (A RURAL BANK)	70,894,152.81	83,460,757.53	12,566,604.72	615,466,577.06	2.04%
HSBC SAVINGS BANK(PHILS) INC	20,715,578.86	58,593,047.61	37,877,468.75	1,836,631,955.41	2.06%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	34,061,433.19	37,504,532.34	3,443,099.15	159,900,532.34	2.15%
UNIVERSITY SAVINGS BANK INC	25,745,502.70	35,959,681.88	10,214,179.18	433,462,676.06	2.36%
CHINA BANKING CORP	2,807,428,424.93	5,081,170,153.82	2,273,741,728.89	86,102,936,448.88	2.64%
BDO UNIBANK INC	16,827,211,737.65	26,590,977,562.64	9,763,765,824.99	362,474,458,294.50	2.69%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	1,354,946.02	20,412,054.55	19,057,108.53	680,616,164.64	2.80%
COOP BANK OF PALAWAN	101,403,429.03	107,318,189.36	5,914,760.33	209,887,267.42	2.82%
HIGHLAND RURAL BANK INC	17,602,799.32	22,158,133.75	4,555,334.43	160,079,854.42	2.85%
INTER-ASIA DEVELOPMENT BANK	6,823,874.90	9,418,908.24	2,595,033.34	90,020,051.99	2.88%
FIRST TAGUM RURAL BANK INC	44,912,482.35	54,249,101.76	9,336,619.41	319,320,356.24	2.92%
FILIDIAN RURAL BANK OF ANTIPOLO INC	4,654,310.77	9,094,575.81	4,440,265.04	148,904,717.58	2.98%
ASPAC RURAL BANK INC	85,145,329.27	93,058,202.96	7,912,873.69	265,002,213.86	2.99%
LIFEBANK- A RURAL BANK	11,325,231.38	21,477,060.75	10,151,829.37	332,531,154.63	3.05%
ARDCIBANK INC A RURAL BANK	7,686,579.30	10,589,010.07	2,902,430.77	95,009,618.61	3.05%
BANK OF THE PHIL ISLANDS	9,703,749,442.21	17,892,284,310.90	8,188,534,868.69	265,355,613,097.31	3.09%
RB OF PANDI (BULACAN) INC	9,489,817.73	17,567,682.83	8,077,865.10	260,907,764.64	3.10%
RB OF BROOKE'S POINT (PALAWAN) INC	1,206,552.02	4,404,030.46	3,197,478.44	102,019,612.05	3.13%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	52,986,445.17	56,051,192.21	3,064,747.04	95,483,908.38	3.21%
DUMAGUETE CITY DEV BANK INC	23,506,350.93	34,299,237.59	10,792,886.66	332,606,988.09	3.24%
SUN SAVINGS BANK INC	14,982,102.12	25,577,227.76	10,595,125.64	322,755,032.96	3.28%
RB OF DULAG (LEYTE) INC	9,539,726.36	13,215,360.44	3,675,634.08	110,555,064.71	3.32%
STA MARIA RURAL BANK INC	2,079,546.70	4,815,192.40	2,735,645.70	81,695,858.99	3.35%
RB OF ANTIPOLO INC	11,907,146.59	15,534,488.81	3,627,342.22	105,964,378.52	3.42%
BPI DIRECT BANKO INC A SAVINGS BANK	797,370,393.22	888,969,778.64	91,599,385.42	2,659,188,621.11	3.44%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	60,212,071.29	79,275,228.25	19,063,156.96	527,383,826.07	3.61%
METROPOLITAN BANK & TCO	10,032,658,810.38	21,049,536,717.01	11,016,877,906.63	303,510,346,112.31	3.63%
RBT BANK INC A RURAL BANK	6,816,430.53	14,858,976.72	8,042,546.19	214,976,582.05	3.74%
RB OF ROSARIO (LA UNION) INC	3,696,849.99	6,278,952.39	2,582,102.40	67,858,751.49	3.81%
CTBC BANK (PHILIPPINES) CORP	614,167,554.30	971,231,146.23	357,063,591.93	9,181,289,455.29	3.89%
PHIL NATIONAL BANK	8,329,057,028.01	13,959,404,574.60	5,630,347,546.59	141,586,995,253.43	3.98%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	4,169,778.48	13,556,709.28	9,386,930.80	235,970,489.21	3.98%
RB OF STA IGNACIA INC	2,905,105.75	8,370,343.43	5,465,237.68	135,256,299.42	4.04%
RB OF MONTALBAN INC	2,399,437.38	5,160,255.06	2,760,817.68	67,774,529.26	4.07%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	18,576,169.77	23,984,733.70	5,408,563.93	123,764,232.80	4.37%
RB OF SAN MATEO(ISABELA) INC	24,570,657.26	29,661,946.53	5,091,289.27	116,453,554.99	4.37%
LEGAZPI SAVINGS BANK INC	253,132,269.97	278,938,230.80	25,805,960.83	588,798,805.64	4.38%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	31,547,083.10	36,707,016.93	5,159,933.83	116,260,560.60	4.44%
RB OF POZORRUBIO INC	15,531,031.27	16,920,864.04	1,389,832.77	31,120,535.33	4.47%
RB OF DIGOS INC	16,842,679.32	27,110,926.71	10,268,247.39	215,991,814.91	4.75%
DEUTSCHE BANK AG	0.00	167,503,641.38	167,503,641.38	3,458,358,028.54	4.84%
COMMTY RB OF CATMON (CEBU) INC	29,105,720.27	34,423,789.82	5,318,069.55	109,761,649.27	4.85%
RB OF MAGDALENA (LAGUNA) INC	20,787,278.97	25,864,056.67	5,076,777.70	104,430,374.40	4.86%
CSFIRST BANK INC - A RURAL BANK	3,798,788.94	5,483,009.48	1,684,220.54	34,154,398.21	4.93%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	85,873.60	5,948,089.28	5,862,215.68	113,772,376.20	5.15%
BANGKO MONTANOSA INC (A RURAL BANK)	5,891,278.11	12,223,461.60	6,332,183.49	114,915,860.87	5.51%
SOUTH BANK (A RURAL BANK) INC	31,503,835.37	35,585,425.82	4,081,590.45	73,504,264.44	5.55%
MEGA INT'L COMM'L BANK CO LTD	70,650,495.46	270,561,209.23	199,910,713.77	3,587,282,618.14	5.57%
BAYBANK INC (A RURAL BANK)	11,800,261.47	16,689,919.02	4,889,657.55	81,862,686.54	5.97%
MAYBANK PHILIPPINES INCORPORATED	1,879,659,037.81	2,658,643,891.12	778,984,853.31	13,002,132,570.99	5.99%
BANK OF COMMERCE	1,251,074,776.31	2,223,599,793.44	972,525,017.13	16,003,962,680.09	6.08%
CANTILAN BANK INC (A RURAL BANK)	246,539,097.85	270,363,315.01	23,824,217.16	387,471,661.16	6.15%
KATIPUNAN BANK INC "A RURAL BANK"	62,660,929.64	93,518,134.26	30,857,204.62	499,046,308.17	6.18%
MIZUHO BANK LTD - MANILA BRANCH	0.00	559,963,681.69	559,963,681.69	8,935,168,660.59	6.27%
RB OF BARILI (CEBU) INC	16,627,901.23	42,797,097.58	26,169,196.35	385,451,353.45	6.79%
CARD SME BANK INC A THRIFT BANK	140,617,187.50	239,617,180.93	98,999,993.43	1,413,210,128.04	7.01%
HONGKONG & SHANGHAI BANKING CORP	386,901,700.06	1,571,664,548.91	1,184,762,848.85	16,482,222,225.07	7.19%
RB OF GUINOBATAN INC	22,488,435.25	30,665,841.46	8,177,406.21	111,701,221.17	7.32%
BDO NETWORK BANK INC	1,585,616,762.24	2,061,235,185.82	475,618,423.58	6,184,235,404.30	7.69%
FARMERS SAVINGS & LOAN BANK INC	17,793,797.35	28,066,728.19	10,272,930.84	131,470,941.48	7.81%
RB OF PILAR (SORSOGON) INC	11,874,080.29	18,344,611.22	6,470,530.93	80,295,715.11	8.06%
MUFG BANK, LTD.	0.00	387,768,887.70	387,768,887.70	4,709,337,045.42	8.23%
RB OF LEBAK (SULTAN KUDARAT) INC	29,128,969.42	36,726,386.63	7,597,417.21	91,285,949.79	8.32%
RB OF JAEN INC	4,474,312.50	9,503,484.27	5,029,171.77	59,375,473.65	8.47%
COOP BANK OF COTABATO	78,724,503.54	138,584,840.64	59,860,337.10	676,641,167.08	8.85%
COOP BANK OF BENGUET (CBB)	56,415,454.67	60,980,215.65	4,564,760.98	50,813,750.30	8.98%
CONSOLIDATED COOPERATIVE BANK	278,195,463.37	300,947,548.66	22,752,085.29	248,693,789.08	9.15%
PBCOM RURAL BANK INC	401,634,274.04	446,152,781.92	44,518,507.88	485,105,551.87	9.18%
MT CARMEL RURAL BANK INC	171,580,861.30	196,309,072.35	24,728,211.05	251,387,833.60	9.84%
BANGKOK BANK PUBLIC CO LTD	81,256,512.98	556,923,098.59	475,666,585.61	4,751,572,322.27	10.01%
CENTURY RURAL BANK INC	6,502,628.88	14,175,524.27	7,672,895.39	74,363,964.21	10.32%
RB OF MARAGONDON INC	23,879,786.14	29,599,525.10	5,719,738.96	54,706,087.37	10.46%
GATEWAY RURAL BANK INC	16,936,834.32	28,178,813.44	11,241,979.12	100,819,685.28	11.15%
RB OF TANGUB CITY (MIS OCC) INC	25,676,865.90	37,705,873.88	12,029,007.98	107,435,018.42	11.20%
CITIBANK, N.A.	1,105,893,817.77	3,557,434,056.59	2,451,540,238.82	21,712,236,043.56	11.29%
RB OF BAMBANG (NUEVA VIZCAYA) INC	36,858,008.62	48,308,715.43	11,450,706.81	99,303,178.99	11.53%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	7,077,667.47	24,610,950.73	17,533,283.26	151,529,706.27	11.57%
PHIL TRUST COMPANY	832,348,868.97	3,968,440,144.99	3,136,091,276.02	25,709,455,440.56	12.20%
ILOCOS CONSOLIDATED COOPERATIVE BANK	56,366,362.34	83,489,810.83	27,123,448.49	218,908,237.99	12.39%
RB OF MABALACAT INC	31,266,637.70	39,707,851.02	8,441,213.32	65,763,723.17	12.84%
RB OF SAN NARCISO INC	13,988,543.44	19,467,852.43	5,479,308.99	42,606,227.10	12.86%
PHILIPPINE VETERANS BANK	2,168,376,154.88	2,634,207,462.65	465,831,307.77	3,413,582,003.67	13.65%
RB OF SAN AGUSTIN (ISABELA) INC	15,402,025.92	22,911,301.36	7,509,275.44	43,817,315.91	17.14%
COMMTY RB OF DAPITAN CITY INC	30,077,060.03	50,350,694.86	20,273,634.83	116,743,358.81	17.37%
METRO CEBU PUBLIC SAVINGS BANK	7,095,777.52	23,068,986.01	15,973,208.49	84,552,693.92	18.89%
RURAL BANK OF SAN ANTONIO INC	23,145,519.60	53,410,280.94	30,264,761.34	132,916,350.48	22.77%
BANKWAYS INC (A RURAL BANK)	38,048,282.74	91,835,788.90	53,787,506.16	184,918,196.75	29.09%
Grand Total	175,738,643,945.95	204,067,951,954.66	28,329,308,008.72	2,200,960,417,041.42	1.29%