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: http://www.gmanetwork.com/news/video/93600/saksi-pagsasara-ng-banco-filipino-at-lbc-devt-bank-ikinadismaya. 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 Thrift Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Thrift Banks decreased by PHP 9.6 billion or 9.49% from June 30, 2011 to September 30, 2011. Total Capital Cushion of Philippine Thrift Banks increased by PHP 5.4 billion or 6.79% during the same period. As a result, the Thrift Bank's Ratio of Total Distressed Assets to Total Capital Cushion decreased by 15.25%, from 126.87% as of June 30, 2011 to 107.52% as of September 30, 2011.
The results are slightly skewed by survivorship bias. During this period, LBC Development Bank, which was flagged as a borderline insolvent bank with a distressed ratio of 781.95% as of June 30, 2011, closed during this period, removing PHP 5.6 billion of distressed assets from the thrift banking system. Two other banks, Palawan Development Bank and Robinsons Savings Bank, has no published statement of condition as a Thrift Bank as of September 30, 2011 on the BSP website (www.bsp.gov.ph). The September 30, 2011 financial statements of Palawan Development Bank, which was flagged as a borderline insolvent thrift bank as of June 30, 2011, are blank on the BSP website: http://www.bsp.gov.ph/banking/psoc_tb/thepalawan.htm. Robinsons Savings Bank merged with another Gokongwei banking unit, Robinsons Bank Corp. and is now listed as a commercial bank on the BSP website. (See: http://business.inquirer.net/3184/jg-summit-to-consolidate-subsidiaries and http://www.bsp.gov.ph/banking/psoc/by_banks/ROBINSONS%20BANK.htm)
Adjusted for survivorship bias, the overall condition of the current roster of Philippine Thrift Banks improved. The Thrift Bank Industry's Ratio of Total Distressed Assets to Total Capital Cushion decreased by 12.98%, from 123.55% as of June 30, 2011 to 107.52% as of September 30, 2011. Total Distressed Assets of Philippine Thrift Banks decreased by PHP 2.8 billion or 3.00% from June 30, 2011 to September 30, 2011. Total Capital Cushion of Philippine Thrift Banks increased by PHP 8.7 billion or 11.46% during the same period.
Those banks that posted significant improvements in this ratio include:
- CityState Savings Bank (87.11% decrease)
- HSBC Savings Bank (Philippines) Inc. (31.93% decrease)
- BPI Globe Bank Inc. Savings Bank (26.49% decrease)
- Planters Development Bank (23.17% decrease)
- Tong Yang Savings Bank Inc. (21.14% decrease)
- Tower Development Bank (12.46% decrease)
- Metro Cebu Public Savings Bank (12,19% decrease)
- Allied Savings Bank (11.98% decrease)
The banks that exhibited significant deterioration in this ratio include:
- Pacific Ace Savings Bank (460.94% increase)
- World Partners Bank (59.93% increase)
- Quezon Coconut Producers SLB (58.54% increase)
- Century Savings Bank (40.59% increase)
- Northpoint Development Bank (36.64% increase)
- Maritime SLA Inc. (28.85% increase)
- BPI Direct Savings Bank (26.21% increase)
- Producers Savings Bank Corporation (21.59% increase)
- Malasiqui Progressive SLB (20.48% increase)
- The Queen City Development Bank (14.54% increase)
- Philippine Business Bank (14.27% increase)
- BPI Family Savings Bank (14.09% increase)
- Iloilo City Development Bank (10.73% increase)
Real Bank (A Thrift Bank) Inc. remains the top distressed bank with a ratio of 831.79%. This means that its Total Distressed Assets is 8.3 times its Total Capital Cushion. Although Total Distressed Assets dropped by PHP 99 million billion or 1% during the third quarter of 2011, it Total Capital Cushion remain unchanged. As a result, the bank now has to support a still significant amount of distressed assets with the same Total Capital Cushion. The borderline insolvent thrift bank that showed significant deterioration in the third quarter was Iloilo City Development Bank. Its distressed ratio climbed by 10.73%, from 337.88% as of June 30, 2011 to 374.14% as of September 30, 2011. This was primarily due to an increase in Total Distressed Assets by 11.48% while its Total Capital Cushion remained stagnant with a 0.67% increase during the same period.
Another troubled bank, Planters Development Bank, showed a significant 23.17% improvement in its distressed ratio. Its Total Distressed Assets to Total Capital Cushion Ratio now stands at 263.65% for the third quarter of 2011, down from 343.14% as of June 30, 2011.
CitysState Savings Bank, another bank that was flagged as borderline insolvent in June 30, 2011, had the greatest improvement in its distressed ratio. Its distressed ratio dropped by 87.11% during the quarter, largely due to an 87.18% drop (a drop of PHP 1.3 billion) in its Total Distressed Assets during the quarter. A quick check of its second quarter financial statements as posted in the PSE website www.pse.com.ph and as posted in the BSP website www.bsp.gov.ph showed a significant discrepancy between these financial statements. The BSP financial statements for CityState Savings Bank as of June 30, 2011 showed that CityState had PHP 1.477 billion in Other Assets where as the financial statements of CityState for the same period on the PSE website show CityState to have only 91.6 million in Other Assets. As of the third quarter, both the PSE and BSP financial statements of CityState show roughly the same level of Other Assets, with the PSE published financial statements showing CityState's Other Assets at PHP 109.4 million and the BSP published financial statements showing Other Assets at PHP 126.7 million for the same period.
The inclusion of Other Assets in the calculation of the distressed asset ratio is very relevant, given the tendency of Philippine banks to dump non-performing loans or unbooked losses as "Other Assets." The recent bank failures of LBC Development Bank and Banco Filipino are a testament to this approach. Please see: http://bancofilipinofailure.blogspot.com/2011/09/lbc-bank-bites-dust-are-there-other.html in the case of LBC Development Bank, http://bancofilipinofailure.blogspot.com/2011/08/system-is-broken.html in the case of Banco Filipino, and http://bancofilipinofailure.blogspot.com/2011/09/bsps-ampaw-accounting-system.html for unbooked losses.
The inclusion of Other Assets in the calculation of the distressed asset ratio is very relevant, given the tendency of Philippine banks to dump non-performing loans or unbooked losses as "Other Assets." The recent bank failures of LBC Development Bank and Banco Filipino are a testament to this approach. Please see: http://bancofilipinofailure.blogspot.com/2011/09/lbc-bank-bites-dust-are-there-other.html in the case of LBC Development Bank, http://bancofilipinofailure.blogspot.com/2011/08/system-is-broken.html in the case of Banco Filipino, and http://bancofilipinofailure.blogspot.com/2011/09/bsps-ampaw-accounting-system.html for unbooked losses.
Although Pacific Ace Savings Bank's distressed ratio jumped by 460.94% during the third quarter, the bank remains stable, with a distressed asset ratio of 47.39%.
However, as a group these borderline insolvent banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios. This ratio now stands at 236.45% as of September 30, 2011, down from 250.83% as of June 30, 2011.
Philippine Thrift Banking System | ||||
Total Distressed Assets/Total Capital Cushion | ||||
June 30, 2010 to September 30, 2011 | ||||
Bank | June 30, 2010 | September 30, 2011 | Variance | % Variance |
Pacific Ace Savings Bank | 8.45% | 47.39% | 38.94% | 460.94% |
World Partners Bank | 39.84% | 63.71% | 23.87% | 59.93% |
Quezon Coconut Producers SLB | 33.00% | 52.32% | 19.32% | 58.54% |
Century Savings Bank | 3.53% | 4.96% | 1.43% | 40.59% |
Northpoint Development Bank | 46.25% | 63.20% | 16.95% | 36.64% |
Maritime SLA Inc. | 20.17% | 25.98% | 5.82% | 28.85% |
BPI Direct Savings Bank | 16.10% | 20.32% | 4.22% | 26.21% |
Producers Savings Bank Corporation | 79.90% | 97.15% | 17.25% | 21.59% |
Malasiqui Progressive SLB | 32.09% | 38.66% | 6.57% | 20.48% |
The Queen City Development Bank | 23.30% | 26.69% | 3.39% | 14.54% |
Philippine Business Bank | 65.75% | 75.12% | 9.38% | 14.27% |
BPI Family Savings Bank | 77.87% | 88.84% | 10.97% | 14.09% |
Iloilo City Development Bank | 337.88% | 374.14% | 36.26% | 10.73% |
Microfinance Maximum SB (Maxbank) | 48.74% | 53.49% | 4.75% | 9.74% |
Optimum Development Bank | 20.28% | 21.74% | 1.47% | 7.24% |
First Consolidated Bank Inc. | 57.48% | 61.53% | 4.05% | 7.04% |
China Bank Savings | 171.94% | 183.37% | 11.43% | 6.65% |
Life Savings Bank | 53.74% | 57.22% | 3.48% | 6.48% |
Philippine Postal Savings Bank | 94.59% | 100.24% | 5.65% | 5.97% |
Progress SLA | 13.24% | 13.84% | 0.59% | 4.47% |
Equicom Savings Bank | 148.76% | 155.26% | 6.51% | 4.38% |
UCPB Savings Bank | 44.02% | 45.86% | 1.85% | 4.19% |
Penbank | 79.56% | 82.07% | 2.52% | 3.16% |
City Savngs Bank | 609.80% | 627.48% | 17.68% | 2.90% |
Hiyas Savings & Loan Bank | 165.82% | 170.08% | 4.26% | 2.57% |
Pridestar Development Bank | 60.38% | 61.90% | 1.51% | 2.50% |
Bataan Development Bank | 224.50% | 228.74% | 4.24% | 1.89% |
Isla bank (A Thrift Bank) Inc. | 8.95% | 9.09% | 0.14% | 1.55% |
Bataan SLA | 11.83% | 11.99% | 0.16% | 1.34% |
Malayan Bank Savings & Mortgage Bank | 112.08% | 113.31% | 1.24% | 1.10% |
GSIS Family Bank | 301.33% | 303.79% | 2.46% | 0.82% |
Farmers Savings and Loan Association | 193.30% | 194.86% | 1.56% | 0.81% |
Dungganon Bank | 112.68% | 113.58% | 0.90% | 0.80% |
Merchants Savings & Loan Association | 5.36% | 5.39% | 0.03% | 0.62% |
Lemery Savings & Loan Bank, Inc. | 47.66% | 47.95% | 0.29% | 0.62% |
BDO Elite Savings Bank | 6.35% | 6.36% | 0.01% | 0.15% |
EIB Savings Bank Inc. | 8.43% | 8.43% | 0.00% | -0.04% |
Citibank Savings Inc. | 110.79% | 110.59% | -0.20% | -0.18% |
Bank One Savings and Trust Corp. | 11.18% | 11.15% | -0.03% | -0.25% |
Philippine Savings Bank | 79.47% | 79.19% | -0.28% | -0.35% |
Pampanga Development Bank | 69.37% | 69.11% | -0.26% | -0.38% |
Liberty Savings & Loan | 67.57% | 67.30% | -0.27% | -0.40% |
Village SLA | 820.15% | 816.81% | -3.35% | -0.41% |
Wealth Bank | 78.05% | 77.67% | -0.38% | -0.49% |
Sampaguita SLA, Inc. | 60.68% | 60.17% | -0.51% | -0.85% |
Real Bank (A Thrift Bank) Inc. | 840.20% | 831.79% | -8.41% | -1.00% |
Dumaguete City Development Bank | 124.90% | 123.13% | -1.77% | -1.42% |
United Overseas Bank Philippines | 67.56% | 66.55% | -1.00% | -1.48% |
Business & Consumers Bank A DB | 201.32% | 198.26% | -3.06% | -1.52% |
RCBC Savings Bank Inc. | 178.93% | 175.76% | -3.17% | -1.77% |
Luzon Development Bank | 123.41% | 120.58% | -2.82% | -2.29% |
Opportunity Microfinance Bank | 152.70% | 148.07% | -4.63% | -3.03% |
Premiere Development Bank | 145.40% | 140.78% | -4.62% | -3.18% |
Cordillera Savings Bank | 79.15% | 74.20% | -4.95% | -6.25% |
Sterling Bank of Asia Inc. (A SB) | 41.09% | 38.45% | -2.64% | -6.42% |
University SLA | 153.56% | 141.54% | -12.02% | -7.83% |
Allied Savings Bank | 30.38% | 26.74% | -3.64% | -11.98% |
Metro Cebu Public Savings Bank | 92.58% | 81.30% | -11.28% | -12.19% |
Tower Development Bank | 77.70% | 68.02% | -9.68% | -12.46% |
Tong Yang Savings Bank Inc. | 88.58% | 69.86% | -18.73% | -21.14% |
Planters Development Bank | 343.14% | 263.65% | -79.50% | -23.17% |
BPI Globe Bank Inc. Savings Bank | 8.32% | 6.12% | -2.20% | -26.49% |
HSBC Savings Bank (Philippines) Inc. | 11.95% | 8.14% | -3.82% | -31.93% |
CityState Savings Bank | 192.92% | 24.88% | -168.05% | -87.11% |
Card SME Bank Inc. (A Thrift Bank) | NA | 26.18% | NA | NA |
LBC Development Bank | 781.95% | NA | NA | NA |
The Palawan Development Bank | 605.09% | NA | NA | NA |
Robinsons Savings Bank | 40.56% | NA | NA | NA |
Legaspi Savings Bank | NA | NA | NA | NA |
Grand Total | 126.87% | 107.52% | -19.35% | -15.25% |
Philippine Thrift Banking System | |||||||||||
Total Distressed Assets/ Total Capital Cushion | |||||||||||
June 30, 2011 to September 30, 2011 | |||||||||||
June 30, 2011 | September 30, 2011 | Variance | |||||||||
Bank | Total Distressed Assets (In PHP) | Total Capital Cushion (In PHP) | Distressed Assets/ Total Capital Cushion (In %) | Total Distressed Assets (In PHP) | Total Capital Cushion (In PHP) | Distressed Assets/ Total Capital Cushion (In %) | Total Distressed Assets (In PHP) | Total Capital Cushion (In PHP) | Distressed Assets/ Total Capital Cushion (In %) | ||
Real Bank (A Thrift Bank) Inc. | 9,914,899,350 | 1,180,065,378 | 840.20% | 9,815,707,855.40 | 1,180,065,378.25 | 831.79% | -99,191,495.09 | 0.00 | -8.41% | ||
Village SLA | 602,121,507 | 73,415,684 | 820.15% | 601,741,239.53 | 73,669,852.96 | 816.81% | -380,267.72 | 254,168.54 | -3.35% | ||
City Savngs Bank | 8,316,875,630 | 1,363,869,543 | 609.80% | 8,599,076,335.14 | 1,370,415,959.10 | 627.48% | 282,200,704.96 | 6,546,416.16 | 17.68% | ||
Iloilo City Development Bank | 201,244,453 | 59,560,622 | 337.88% | 224,338,167.35 | 59,960,999.84 | 374.14% | 23,093,714.75 | 400,378.06 | 36.26% | ||
GSIS Family Bank | 2,221,793,158 | 737,340,446 | 301.33% | 2,221,866,746.48 | 731,383,796.34 | 303.79% | 73,588.90 | -5,956,649.50 | 2.46% | ||
Planters Development Bank | 14,592,079,970 | 4,252,462,049 | 343.14% | 11,502,781,363.87 | 4,362,965,164.27 | 263.65% | -3,089,298,606.01 | 110,503,115.58 | -79.50% | ||
Bataan Development Bank | 165,037,169 | 73,513,277 | 224.50% | 169,483,048.83 | 74,095,120.90 | 228.74% | 4,445,879.51 | 581,843.42 | 4.24% | ||
Business & Consumers Bank A DB | 159,061,542 | 79,009,127 | 201.32% | 156,209,774.29 | 78,789,222.43 | 198.26% | -2,851,767.32 | -219,904.98 | -3.06% | ||
Farmers Savings and Loan Association | 219,966,093 | 113,797,807 | 193.30% | 221,905,998.76 | 113,881,278.78 | 194.86% | 1,939,905.78 | 83,471.86 | 1.56% | ||
China Bank Savings | 1,389,003,411 | 807,842,102 | 171.94% | 1,476,280,965.40 | 805,079,490.31 | 183.37% | 87,277,554.08 | -2,762,612.04 | 11.43% | ||
RCBC Savings Bank Inc. | 13,788,384,239 | 7,705,864,931 | 178.93% | 13,649,319,087.69 | 7,765,864,931.44 | 175.76% | -139,065,151.13 | 60,000,000.00 | -3.17% | ||
Hiyas Savings & Loan Bank | 263,797,330 | 159,089,255 | 165.82% | 273,577,662.40 | 160,852,305.60 | 170.08% | 9,780,331.91 | 1,763,050.27 | 4.26% | ||
Equicom Savings Bank | 631,470,272 | 424,503,341 | 148.76% | 733,749,617.88 | 472,579,357.48 | 155.26% | 102,279,345.74 | 48,076,016.30 | 6.51% | ||
Opportunity Microfinance Bank | 234,304,064 | 153,442,569 | 152.70% | 214,117,338.42 | 144,604,516.48 | 148.07% | -20,186,725.95 | -8,838,052.21 | -4.63% | ||
University SLA | 371,352,110 | 241,828,375 | 153.56% | 344,751,804.41 | 243,566,277.64 | 141.54% | -26,600,305.74 | 1,737,902.99 | -12.02% | ||
Premiere Development Bank | 1,320,152,941 | 907,972,696 | 145.40% | 1,278,226,045.20 | 907,972,696.40 | 140.78% | -41,926,895.77 | 0.01 | -4.62% | ||
Dumaguete City Development Bank | 254,685,787 | 203,914,267 | 124.90% | 250,928,540.82 | 203,794,855.65 | 123.13% | -3,757,245.91 | -119,411.35 | -1.77% | ||
Luzon Development Bank | 524,808,131 | 425,266,338 | 123.41% | 513,504,435.46 | 425,855,086.35 | 120.58% | -11,303,695.87 | 588,748.43 | -2.82% | ||
Dungganon Bank | 68,125,175 | 60,459,329 | 112.68% | 69,384,601.16 | 61,090,966.56 | 113.58% | 1,259,425.68 | 631,637.60 | 0.90% | ||
Malayan Bank Savings & Mortgage Bank | 1,140,026,958 | 1,017,189,176 | 112.08% | 1,157,991,872.68 | 1,021,928,166.22 | 113.31% | 17,964,914.37 | 4,738,990.49 | 1.24% | ||
Citibank Savings Inc. | 4,150,501,781 | 3,746,175,421 | 110.79% | 4,224,189,095.77 | 3,819,562,725.42 | 110.59% | 73,687,315.14 | 73,387,304.04 | -0.20% | ||
Philippine Postal Savings Bank | 523,916,859 | 553,886,488 | 94.59% | 563,808,596.60 | 562,471,770.50 | 100.24% | 39,891,737.45 | 8,585,282.43 | 5.65% | ||
Producers Savings Bank Corporation | 423,502,792 | 530,059,207 | 79.90% | 522,257,124.97 | 537,583,617.14 | 97.15% | 98,754,333.29 | 7,524,410.23 | 17.25% | ||
BPI Family Savings Bank | 11,630,771,744 | 14,936,335,956 | 77.87% | 12,378,223,253.81 | 13,932,797,475.79 | 88.84% | 747,451,509.96 | -1,003,538,480.57 | 10.97% | ||
Penbank | 193,611,868 | 243,364,207 | 79.56% | 207,038,699.14 | 252,261,586.75 | 82.07% | 13,426,831.18 | 8,897,379.46 | 2.52% | ||
Metro Cebu Public Savings Bank | 67,185,492 | 72,567,806 | 92.58% | 62,686,927.30 | 77,107,250.21 | 81.30% | -4,498,564.97 | 4,539,444.62 | -11.28% | ||
Philippine Savings Bank | 11,244,937,668 | 14,150,010,108 | 79.47% | 11,292,238,073.30 | 14,259,962,585.27 | 79.19% | 47,300,404.96 | 109,952,477.34 | -0.28% | ||
Wealth Bank | 300,507,951 | 385,002,154 | 78.05% | 306,950,705.07 | 395,185,869.59 | 77.67% | 6,442,754.23 | 10,183,716.02 | -0.38% | ||
Philippine Business Bank | 1,829,242,709 | 2,782,296,891 | 65.75% | 2,097,844,212.18 | 2,792,487,751.08 | 75.12% | 268,601,502.74 | 10,190,860.03 | 9.38% | ||
Cordillera Savings Bank | 87,238,971 | 110,223,065 | 79.15% | 81,783,332.81 | 110,218,785.22 | 74.20% | -5,455,638.26 | -4,279.90 | -4.95% | ||
Tong Yang Savings Bank Inc. | 384,685,012 | 434,265,073 | 88.58% | 309,825,588.53 | 443,516,762.38 | 69.86% | -74,859,423.55 | 9,251,689.35 | -18.73% | ||
Pampanga Development Bank | 82,481,223 | 118,898,949 | 69.37% | 82,745,148.50 | 119,733,609.41 | 69.11% | 263,925.67 | 834,660.00 | -0.26% | ||
Tower Development Bank | 84,005,055 | 108,116,222 | 77.70% | 73,536,299.11 | 108,116,222.11 | 68.02% | -10,468,755.87 | 0.00 | -9.68% | ||
Liberty Savings & Loan | 40,359,428 | 59,726,549 | 67.57% | 40,197,757.94 | 59,726,549.24 | 67.30% | -161,669.88 | 0.00 | -0.27% | ||
United Overseas Bank Philippines | 992,162,078 | 1,468,639,794 | 67.56% | 977,564,146.48 | 1,468,823,153.15 | 66.55% | -14,597,931.22 | 183,358.70 | -1.00% | ||
World Partners Bank | 70,692,142 | 177,456,754 | 39.84% | 111,187,683.11 | 174,525,346.61 | 63.71% | 40,495,541.10 | -2,931,407.62 | 23.87% | ||
Northpoint Development Bank | 27,156,885 | 58,713,177 | 46.25% | 37,258,024.36 | 58,953,177.23 | 63.20% | 10,101,139.83 | 240,000.00 | 16.95% | ||
Pridestar Development Bank | 42,142,079 | 69,789,795 | 60.38% | 41,570,332.37 | 67,161,530.03 | 61.90% | -571,746.30 | -2,628,264.82 | 1.51% | ||
First Consolidated Bank Inc. | 924,940,715 | 1,609,124,965 | 57.48% | 1,018,486,258.50 | 1,655,325,508.95 | 61.53% | 93,545,543.87 | 46,200,543.46 | 4.05% | ||
Sampaguita SLA, Inc. | 42,483,859 | 70,009,404 | 60.68% | 42,123,926.54 | 70,009,403.80 | 60.17% | -359,932.82 | 0.00 | -0.51% | ||
Life Savings Bank | 34,201,678 | 63,645,807 | 53.74% | 36,418,817.67 | 63,645,807.09 | 57.22% | 2,217,139.54 | 0.00 | 3.48% | ||
Microfinance Maximum SB (Maxbank) | 30,079,719 | 61,712,007 | 48.74% | 32,874,782.73 | 61,459,294.52 | 53.49% | 2,795,063.65 | -252,712.62 | 4.75% | ||
Quezon Coconut Producers SLB | 19,216,456 | 58,230,123 | 33.00% | 29,962,324.82 | 57,268,623.22 | 52.32% | 10,745,869.28 | -961,500.00 | 19.32% | ||
Lemery Savings & Loan Bank, Inc. | 33,508,175 | 70,309,777 | 47.66% | 33,714,739.41 | 70,309,776.55 | 47.95% | 206,564.53 | 0.00 | 0.29% | ||
Pacific Ace Savings Bank | 6,080,385 | 71,975,178 | 8.45% | 34,704,490.34 | 73,235,077.53 | 47.39% | 28,624,105.63 | 1,259,899.07 | 38.94% | ||
UCPB Savings Bank | 838,600,839 | 1,905,148,539 | 44.02% | 881,269,081.55 | 1,921,496,969.38 | 45.86% | 42,668,242.23 | 16,348,429.90 | 1.85% | ||
Malasiqui Progressive SLB | 18,608,370 | 57,996,436 | 32.09% | 22,007,687.77 | 56,932,513.79 | 38.66% | 3,399,317.96 | -1,063,922.25 | 6.57% | ||
Sterling Bank of Asia Inc. (A SB) | 663,657,556 | 1,615,176,391 | 41.09% | 643,256,037.92 | 1,672,899,830.40 | 38.45% | -20,401,518.31 | 57,723,439.00 | -2.64% | ||
Allied Savings Bank | 303,551,619 | 999,344,971 | 30.38% | 316,747,860.88 | 1,184,767,643.93 | 26.74% | 13,196,241.77 | 185,422,673.26 | -3.64% | ||
The Queen City Development Bank | 161,850,534 | 694,530,564 | 23.30% | 185,379,397.07 | 694,530,564.40 | 26.69% | 23,528,863.31 | 0.00 | 3.39% | ||
Card SME Bank Inc. (A Thrift Bank) | 36,770,500.72 | 140,465,025.73 | 26.18% | 36,770,500.72 | 140,465,025.73 | 26.18% | |||||
Maritime SLA Inc. | 13,473,842 | 66,815,479 | 20.17% | 17,360,743.96 | 66,815,479.41 | 25.98% | 3,886,902.33 | 0.00 | 5.82% | ||
CityState Savings Bank | 1,553,539,571 | 805,263,756 | 192.92% | 199,108,898.88 | 800,395,475.92 | 24.88% | -1,354,430,672.41 | -4,868,280.36 | -168.05% | ||
Optimum Development Bank | 138,299,700 | 682,094,669 | 20.28% | 148,296,513.78 | 682,009,930.44 | 21.74% | 9,996,813.63 | -84,738.95 | 1.47% | ||
BPI Direct Savings Bank | 110,573,310 | 686,781,879 | 16.10% | 140,829,206.77 | 693,062,216.48 | 20.32% | 30,255,896.38 | 6,280,337.72 | 4.22% | ||
Progress SLA | 11,392,742 | 86,022,982 | 13.24% | 11,911,079.61 | 86,089,464.86 | 13.84% | 518,337.35 | 66,482.73 | 0.59% | ||
Bataan SLA | 9,339,368 | 78,949,232 | 11.83% | 9,042,516.43 | 75,426,127.41 | 11.99% | -296,851.72 | -3,523,104.10 | 0.16% | ||
Bank One Savings and Trust Corp. | 57,071,226 | 510,627,434 | 11.18% | 56,930,389.96 | 510,627,433.93 | 11.15% | -140,836.38 | 0.00 | -0.03% | ||
Isla bank (A Thrift Bank) Inc. | 55,988,006 | 625,764,496 | 8.95% | 56,854,435.87 | 625,764,495.92 | 9.09% | 866,430.13 | 0.00 | 0.14% | ||
EIB Savings Bank Inc. | 6,187,605 | 73,390,851 | 8.43% | 6,179,128.08 | 73,323,229.12 | 8.43% | -8,477.39 | -67,622.26 | 0.00% | ||
HSBC Savings Bank (Philippines) Inc. | 272,854,009 | 2,283,007,208 | 11.95% | 176,610,261.60 | 2,170,935,493.58 | 8.14% | -96,243,747.18 | -112,071,714.33 | -3.82% | ||
BDO Elite Savings Bank | 93,319,574 | 1,470,452,260 | 6.35% | 93,463,448.97 | 1,470,452,260.33 | 6.36% | 143,874.55 | 0.00 | 0.01% | ||
BPI Globe Bank Inc. Savings Bank | 27,905,564 | 335,411,295 | 8.32% | 33,103,613.07 | 541,259,000.66 | 6.12% | 5,198,049.03 | 205,847,706.12 | -2.20% | ||
Merchants Savings & Loan Association | 12,091,790 | 225,626,208 | 5.36% | 11,914,419.02 | 220,950,520.20 | 5.39% | -177,370.68 | -4,675,687.99 | 0.03% | ||
Century Savings Bank | 29,901,032 | 846,826,132 | 3.53% | 42,036,552.02 | 846,812,699.94 | 4.96% | 12,135,520.07 | -13,432.11 | 1.43% | ||
LBC Development Bank | 5,599,115,479.31 | 716,044,399.25 | 781.95% | ||||||||
The Palawan Development Bank | 94,099,359 | 15,551,268 | 605.09% | ||||||||
Robinsons Savings Bank | 1,054,429,091 | 2,599,586,008 | 40.56% | ||||||||
Legaspi Savings Bank | |||||||||||
Grand Total | 100,770,652,202.27 | 79,431,353,652.22 | 126.87% | 91,203,204,616.46 | 84,825,051,470.93 | 107.52% | -2,819,803,656.26 | -15,290,919.04 | -19.35% |