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. A bank that has a Distressed Ratio greater than 100% is flagged as borderline insolvent (highlighted in yellow). For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks
Distressed Banks:
The list of distressed thrift banks are as follows:
- Real Bank (A Thrift Bank) Inc. (Distressed Ratio of 1125.30%)
- Village SLA, Inc. (Distressed Ratio of 709.55%)
- GSIS Family Bank (Distressed Ratio of 477.72%)
- Legazpi Savings Bank Inc. (Distressed Ratio of 417.83%)
- Iloilo City Development Bank (Distressed Ratio of 391.87%)
- Planters Development Bank (Distressed Ratio of 258.50%)
- Bataan Development Bank (Distressed Ratio of 234.00%)
- Business & Consumers Bank (Distressed Ratio of 209.76%)
- Philippine Resources Savings Banking Corporation (Distressed Ratio of 207.83%)
- Farmers Savings & Loan Bank (Distressed Ratio of 179.10%)
- RCBC Savings Bank (Distressed Ratio of 206.28%)
- Opportunity Microfinance Bank (Distressed Ratio of 172.96%)
- Equicom SB (Distressed Ratio of 158.65%)
- Hiyas Savings & Loan Bank (Distressed Ratio of 143,55%)
- China Bank Savings (Distressed Ratio of 142.52%)
- University Savings Bank (Distressed Ratio of 138.80%)
- Malayan Bank Savings & Mortgage Bank (Distressed Ratio of 130.88%)
- Luzon Development Bank (Distressed Ratio of 124.05%)
- Dumaguete City Development Bank (Distressed Ratio of 122.29%)
- Philippine Postal Savings Bank (Distressed Ratio of 105.28%)
It should be noted that two banks dropped out of the borderline insolvent list (highlighted in yellow):
- Citibank Savings Inc., which had a distressed ratio of 113.30% as of December 31, 2011, decreased its distressed assets by PhP 174.5 million while increasing its capital cushion by PhP 697.4 million in the first quarter of 2012. This resulted in a 18.93% improvement in its overall distressed ratio from 113.30% as of December 31, 2011 to only 91.85% as of March 31, 2012.
- Premiere Development Bank's increase in capital cushion by PhP 471 million offset the increase in its distressed assets (PhP 69.5 million) during the first quarter of 2012. As a result, its distressed ratio dropped from 129.41% as of December 31, 2011 to only 91.58% as of March 31, 2012 - a 29.23% improvement in its distressed ratios.
- Philippine Postal Savings Bank dropped out of the list in the fourth quarter of 2011, only to reenter it in the first quarter of 2012 with a 37.48% deterioration in its distressed ratios from 76.58% as of December 31, 2011 to 105.28% as of March 31, 2012. The increase was primarily due to the PhP 240.5 million jump in distressed assets during the first quarter of 2012.
- Philippine Resource Savings Banking Corporation is new to the list and a new entrant to the list of Phiippine Thrift Banks. It's distressed ratio stood at 207.83% as of March 31, 2012.
Overall Condition
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 8.672 billion or 8.82% from December 31, 2011 to March 31, 2012. Total Capital Cushion of Philippine Thrift Banks increased by PhP 911.337 billion or 15.19% during the same period. As a result, the Thrift Bank's Ratio of Total Distressed Assets to Total Capital Cushion decreased by 20.84%, from 131.78% as of December 31, 2011 to 104.32% as of March 31, 2012.
The banks that posted as significant improvement in their distressed ratios include:
- HSBC Savings Bank (Phils) Inc. (44.37% decrease)
- Progress SLA (44.34% decrease)
- Optimum Development Bank (41.84% decrease)
- Premiere Development Bank (29.23% decrease)
- Microfinance Maximum SB (27.92 decrease)
- China Bank Savings (26.03% decrease)
- Card SME Bank (25.87% decrease)
- Philippine Savings Bank (22.85% decrease)
- Pacific Ace Savings Bank (22.78% decrease)
- BPI Family Savings Bank (21.28% decrease)
- Merchants Savings & Loan Association Inc. (539.68% increase)
- BPI Globe Bangko Inc. Savings Bank (151.08% increase)
- CityState Savings Bank (50.36% increase)
- Allied Savings Bank (39.01% increase)
- Philippine Postal Savings Bank (37.48% increase)
- Dungganon Bank (31.41% increase)
- Real Bank (A Thrift Bank) Inc. (23.95 increase)
Disclaimer:
This list only serves as a screening guide. It is not a definitive guide and must be taken in the context of other factors. The figures are based on the individual banks' statement of condition as of December 31, 2011 and March 31, 2012 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.
This list only serves as a screening guide. It is not a definitive guide and must be taken in the context of other factors. The figures are based on the individual banks' statement of condition as of December 31, 2011 and March 31, 2012 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.
Philippine Thrift Banking System | ||||
Total Distressed Assets/ Total Capital Cushion | ||||
December 31, 2011 to March 31, 2012 | ||||
Bank | 12/31/11 | 03/31/12 | Variance | % Variance |
Merchants Savings & Loan Association Inc. | 1.69% | 10.80% | 9.11% | 539.68% |
BPI Globe Banko Inc. Savings Bank | 8.78% | 22.05% | 13.27% | 151.08% |
CityState Savings Bank | 22.75% | 34.20% | 11.45% | 50.36% |
Allied Savings Bank | 29.74% | 41.34% | 11.60% | 39.01% |
Philippine Postal Savings Bank | 76.58% | 105.28% | 28.70% | 37.48% |
Dungganon Bank | 10.19% | 13.38% | 3.20% | 31.41% |
Real Bank (A Thrift Bank) Inc. | 907.88% | 1125.30% | 217.42% | 23.95% |
Opportunity Microfinance Bank | 155.56% | 172.38% | 16.82% | 10.81% |
Bataan SLA | 11.92% | 13.16% | 1.24% | 10.42% |
Life Savings Bank | 54.99% | 59.35% | 4.36% | 7.93% |
Quezon Coconut Producers SLB Inc. | 46.57% | 49.96% | 3.39% | 7.28% |
Penbank, Inc. | 79.98% | 84.67% | 4.69% | 5.87% |
BPI Direct Savings Bank | 21.65% | 22.89% | 1.24% | 5.73% |
GSIS Family Bank | 452.17% | 477.72% | 25.55% | 5.65% |
Isla Bank (A Thrift Bank) Inc. | 8.23% | 8.67% | 0.44% | 5.37% |
Malayan Bank Savings & Mortgage Bank | 125.56% | 130.88% | 5.32% | 4.24% |
Planters Development Bank | 248.91% | 258.50% | 9.58% | 3.85% |
Business & Consumers Bank | 204.37% | 209.76% | 5.39% | 2.64% |
Century Savings Bank | 4.80% | 4.91% | 0.11% | 2.23% |
Maritime SLA | 31.98% | 32.60% | 0.62% | 1.93% |
Luzon Development Bank | 121.92% | 124.05% | 2.13% | 1.75% |
Lemery Savings & Loan Bank, Inc. | 47.11% | 47.58% | 0.48% | 1.01% |
World Partners Bank (A Thrift Bank) | 63.32% | 63.94% | 0.63% | 0.99% |
Pridestar Development Bank | 59.03% | 59.39% | 0.35% | 0.60% |
Tong Yang Savings Bank Inc. | 65.94% | 66.07% | 0.12% | 0.19% |
UCPB Savings Bank | 46.79% | 46.75% | -0.05% | -0.10% |
The Queen City Development Bank | 21.58% | 21.56% | -0.02% | -0.11% |
Dumaguete City Development Bank | 122.90% | 122.29% | -0.61% | -0.50% |
Bataan Development Bank | 236.64% | 234.00% | -2.64% | -1.12% |
Village SLA, Inc. | 720.61% | 709.55% | -11.06% | -1.54% |
Sampaguita SLA | 52.63% | 51.39% | -1.24% | -2.36% |
BDO Elite Savings Bank | 6.35% | 6.19% | -0.16% | -2.50% |
Sun Savings Bank | 8.38% | 8.14% | -0.24% | -2.84% |
United Overseas Bank Philippines | 66.55% | 64.49% | -2.06% | -3.09% |
Pampanga Development Bank | 68.24% | 65.89% | -2.35% | -3.44% |
Wealth Bank - A Development Bank | 82.40% | 79.38% | -3.02% | -3.66% |
Cordillera Savings Bank | 59.17% | 56.67% | -2.50% | -4.23% |
First Consolidated Bank | 59.25% | 56.04% | -3.21% | -5.42% |
Farmers Savings & Loan Bank | 190.61% | 179.10% | -11.51% | -6.04% |
Sterling Bank of Asia Inc. | 77.60% | 72.79% | -4.81% | -6.20% |
Hiyas Savings & Loan Bank | 153.26% | 143.55% | -9.71% | -6.34% |
Equicom SB | 171.10% | 158.65% | -12.45% | -7.28% |
Metro Cebu Public Savings Bank | 81.78% | 73.28% | -8.50% | -10.39% |
Producers Savings Bank | 99.46% | 88.89% | -10.56% | -10.62% |
Malasiqui Progressive SLB, Inc. | 41.12% | 35.94% | -5.18% | -12.61% |
Philippine Business Bank | 80.93% | 70.09% | -10.84% | -13.39% |
Legazpi Savings Bank Inc. | 482.76% | 417.83% | -64.93% | -13.45% |
University Savings Bank | 161.00% | 138.80% | -22.20% | -13.79% |
RCBC Savings Bank | 206.28% | 172.96% | -33.32% | -16.15% |
Tower Development Bank | 62.04% | 51.55% | -10.50% | -16.92% |
Iloilo City Development Bank | 475.13% | 391.87% | -83.26% | -17.52% |
Northpoint Development Bank | 62.93% | 51.53% | -11.39% | -18.11% |
Citibank Savings Inc. | 113.30% | 91.85% | -21.44% | -18.93% |
Liberty Savings Bank | 73.40% | 58.90% | -14.50% | -19.76% |
BPI Family Savings Bank | 90.32% | 71.09% | -19.22% | -21.28% |
Pacific Ace Savings Bank | 20.19% | 15.59% | -4.60% | -22.78% |
Philippine Savings Bank | 105.18% | 81.15% | -24.03% | -22.85% |
Card SME Bank Inc. (A Thrift Bank) | 31.86% | 23.62% | -8.24% | -25.87% |
China Bank Savings | 192.68% | 142.52% | -50.15% | -26.03% |
Microfinance Maximum SB (Maxbank) | 64.53% | 46.51% | -18.02% | -27.92% |
Premiere Development Bank | 129.41% | 91.58% | -37.82% | -29.23% |
Optimum Development Bank | 27.60% | 16.05% | -11.55% | -41.84% |
Progress SLA | 14.23% | 7.92% | -6.31% | -44.34% |
HSBC Savings Bank (Phils) Inc. | 17.10% | 9.51% | -7.59% | -44.37% |
Bank One Savings and Trust Corp. | NA | 10.83% | NA | NA |
City Savings Bank | 776.02% | NA | NA | NA |
Philippine Resources Savings Banking Corporation | NA | 207.83% | NA | NA |
Average | 131.78% | 104.32% | -27.46% | -20.84% |
Source: www.bsp.gov.ph Philippine Thrift Banking System |
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Total Distressed Assets/ Total Capital Cushion | |||||||||||
December 31, 2011 to March 31, 2012 | |||||||||||
December 31, 2011 | March 31, 2012 | 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. | 9,485,964,146.12 | 1,044,846,977.77 | 907.88% | 9,290,372,249.91 | 825,587,293.41 | 1125.30% | -195,591,896.21 | -219,259,684.36 | 217.42% | ||
Village SLA, Inc. | 600,181,101.60 | 83,288,037.75 | 720.61% | 612,655,357.33 | 86,344,754.81 | 709.55% | 12,474,255.73 | 3,056,717.06 | -11.06% | ||
GSIS Family Bank | 2,204,761,117.36 | 487,593,604.82 | 452.17% | 2,216,709,927.78 | 464,020,110.73 | 477.72% | 11,948,810.42 | -23,573,494.09 | 25.55% | ||
Legazpi Savings Bank Inc. | 823,599,656.19 | 170,602,061.13 | 482.76% | 788,905,245.31 | 188,812,023.99 | 417.83% | -34,694,410.88 | 18,209,962.86 | -64.93% | ||
Iloilo City Development Bank | 287,326,192.05 | 60,472,657.10 | 475.13% | 255,784,329.12 | 65,272,215.10 | 391.87% | -31,541,862.93 | 4,799,558.00 | -83.26% | ||
Planters Development Bank | 10,936,549,252.26 | 4,393,722,453.79 | 248.91% | 11,509,763,345.38 | 4,452,573,423.58 | 258.50% | 573,214,093.12 | 58,850,969.79 | 9.58% | ||
Bataan Development Bank | 175,335,975.57 | 74,095,120.90 | 236.64% | 179,150,197.61 | 76,561,456.79 | 234.00% | 3,814,222.04 | 2,466,335.89 | -2.64% | ||
Business & Consumers Bank | 160,491,202.74 | 78,531,520.78 | 204.37% | 169,610,770.04 | 80,860,999.25 | 209.76% | 9,119,567.30 | 2,329,478.47 | 5.39% | ||
Philippine Resources Savings Banking Corporation | 2,520,580,635.97 | 1,212,811,159.39 | 207.83% | 2,520,580,635.97 | 1,212,811,159.39 | 207.83% | |||||
Farmers Savings & Loan Bank | 222,707,597.45 | 116,837,900.36 | 190.61% | 214,021,290.23 | 119,495,878.00 | 179.10% | -8,686,307.22 | 2,657,977.64 | -11.51% | ||
RCBC Savings Bank | 13,658,977,955.49 | 6,621,590,303.77 | 206.28% | 13,598,190,601.18 | 7,861,976,886.63 | 172.96% | -60,787,354.31 | 1,240,386,582.86 | -33.32% | ||
Opportunity Microfinance Bank | 213,959,344.39 | 137,541,004.61 | 155.56% | 242,994,816.88 | 140,966,660.91 | 172.38% | 29,035,472.49 | 3,425,656.30 | 16.82% | ||
Equicom SB | 808,587,759.96 | 472,581,826.89 | 171.10% | 801,463,255.03 | 505,169,694.78 | 158.65% | -7,124,504.93 | 32,587,867.89 | -12.45% | ||
Hiyas Savings & Loan Bank | 252,118,703.13 | 164,502,210.42 | 153.26% | 236,466,976.10 | 164,731,409.03 | 143.55% | -15,651,727.03 | 229,198.61 | -9.71% | ||
China Bank Savings | 1,584,223,044.88 | 822,218,155.26 | 192.68% | 1,672,743,819.51 | 1,173,665,055.26 | 142.52% | 88,520,774.63 | 351,446,900.00 | -50.15% | ||
University Savings Bank | 336,071,927.21 | 208,738,927.20 | 161.00% | 316,376,243.80 | 227,936,477.06 | 138.80% | -19,695,683.41 | 19,197,549.86 | -22.20% | ||
Malayan Bank Savings & Mortgage Bank | 1,350,230,409.26 | 1,075,379,215.58 | 125.56% | 1,407,474,426.81 | 1,075,379,215.98 | 130.88% | 57,244,017.55 | 0.40 | 5.32% | ||
Luzon Development Bank | 532,693,730.92 | 436,917,967.42 | 121.92% | 550,869,696.74 | 444,071,923.87 | 124.05% | 18,175,965.82 | 7,153,956.45 | 2.13% | ||
Dumaguete City Development Bank | 250,453,271.44 | 203,793,878.67 | 122.90% | 252,146,106.06 | 206,193,126.17 | 122.29% | 1,692,834.62 | 2,399,247.50 | -0.61% | ||
Philippine Postal Savings Bank | 621,326,704.16 | 811,348,052.94 | 76.58% | 861,789,478.39 | 818,586,509.18 | 105.28% | 240,462,774.23 | 7,238,456.24 | 28.70% | ||
Citibank Savings Inc. | 4,306,662,719.49 | 3,801,262,095.38 | 113.30% | 4,132,188,920.79 | 4,498,629,545.94 | 91.85% | -174,473,798.70 | 697,367,450.56 | -21.44% | ||
Premiere Development Bank | 1,238,115,801.58 | 956,754,306.80 | 129.41% | 1,307,625,402.15 | 1,427,802,395.52 | 91.58% | 69,509,600.57 | 471,048,088.72 | -37.82% | ||
Producers Savings Bank | 524,647,770.68 | 527,512,390.32 | 99.46% | 571,001,212.84 | 642,350,700.67 | 88.89% | 46,353,442.16 | 114,838,310.35 | -10.56% | ||
Penbank, Inc. | 203,776,641.17 | 254,791,038.35 | 79.98% | 215,732,452.02 | 254,791,038.35 | 84.67% | 11,955,810.85 | 0.00 | 4.69% | ||
Philippine Savings Bank | 14,651,257,542.20 | 13,929,160,698.54 | 105.18% | 13,601,325,210.06 | 16,759,739,786.84 | 81.15% | -1,049,932,332.14 | 2,830,579,088.30 | -24.03% | ||
Wealth Bank - A Development Bank | 325,647,054.51 | 395,185,869.59 | 82.40% | 320,723,480.31 | 404,016,447.07 | 79.38% | -4,923,574.20 | 8,830,577.48 | -3.02% | ||
Metro Cebu Public Savings Bank | 60,688,042.71 | 74,212,433.16 | 81.78% | 60,428,625.04 | 82,461,425.57 | 73.28% | -259,417.67 | 8,248,992.41 | -8.50% | ||
Sterling Bank of Asia Inc. | 1,322,961,691.54 | 1,704,899,830.40 | 77.60% | 1,340,490,929.25 | 1,841,699,407.90 | 72.79% | 17,529,237.71 | 136,799,577.50 | -4.81% | ||
BPI Family Savings Bank | 12,610,665,029.99 | 13,962,882,381.92 | 90.32% | 12,108,718,892.33 | 17,032,382,062.40 | 71.09% | -501,946,137.66 | 3,069,499,680.48 | -19.22% | ||
Philippine Business Bank | 2,245,124,379.02 | 2,774,250,378.64 | 80.93% | 2,468,927,091.97 | 3,522,480,360.07 | 70.09% | 223,802,712.95 | 748,229,981.43 | -10.84% | ||
Tong Yang Savings Bank Inc. | 292,428,936.38 | 443,455,225.55 | 65.94% | 294,036,660.28 | 445,066,651.62 | 66.07% | 1,607,723.90 | 1,611,426.07 | 0.12% | ||
Pampanga Development Bank | 82,116,804.28 | 120,343,323.41 | 68.24% | 83,151,645.70 | 126,202,725.13 | 65.89% | 1,034,841.42 | 5,859,401.72 | -2.35% | ||
United Overseas Bank Philippines | 988,810,901.35 | 1,485,808,841.71 | 66.55% | 933,928,979.82 | 1,448,098,996.81 | 64.49% | -54,881,921.53 | -37,709,844.90 | -2.06% | ||
World Partners Bank (A Thrift Bank) | 110,271,753.07 | 174,159,550.30 | 63.32% | 109,319,030.79 | 170,966,160.68 | 63.94% | -952,722.28 | -3,193,389.62 | 0.63% | ||
Pridestar Development Bank | 42,604,026.52 | 72,170,956.24 | 59.03% | 42,219,537.59 | 71,093,548.88 | 59.39% | -384,488.93 | -1,077,407.36 | 0.35% | ||
Life Savings Bank | 34,997,589.10 | 63,645,807.09 | 54.99% | 39,251,089.09 | 66,138,275.39 | 59.35% | 4,253,499.99 | 2,492,468.30 | 4.36% | ||
Liberty Savings Bank | 43,839,885.29 | 59,726,549.24 | 73.40% | 37,518,711.95 | 63,701,027.16 | 58.90% | -6,321,173.34 | 3,974,477.92 | -14.50% | ||
Cordillera Savings Bank | 73,228,594.72 | 123,766,715.93 | 59.17% | 70,184,283.70 | 123,858,192.76 | 56.67% | -3,044,311.02 | 91,476.83 | -2.50% | ||
First Consolidated Bank | 991,754,217.92 | 1,673,870,535.21 | 59.25% | 1,040,606,604.46 | 1,856,880,353.48 | 56.04% | 48,852,386.54 | 183,009,818.27 | -3.21% | ||
Tower Development Bank | 69,910,740.60 | 112,678,828.58 | 62.04% | 58,084,767.24 | 112,678,828.58 | 51.55% | -11,825,973.36 | 0.00 | -10.50% | ||
Northpoint Development Bank | 37,247,922.10 | 59,193,177.23 | 62.93% | 28,911,591.89 | 56,103,745.64 | 51.53% | -8,336,330.21 | -3,089,431.59 | -11.39% | ||
Sampaguita SLA | 36,391,748.93 | 69,148,222.58 | 52.63% | 37,761,063.58 | 73,481,194.82 | 51.39% | 1,369,314.65 | 4,332,972.24 | -1.24% | ||
Quezon Coconut Producers SLB Inc. | 26,669,937.24 | 57,268,623.22 | 46.57% | 28,611,592.80 | 57,268,623.22 | 49.96% | 1,941,655.56 | 0.00 | 3.39% | ||
Lemery Savings & Loan Bank, Inc. | 34,803,555.75 | 73,882,141.35 | 47.11% | 33,750,897.82 | 70,929,116.35 | 47.58% | -1,052,657.93 | -2,953,025.00 | 0.48% | ||
UCPB Savings Bank | 1,032,980,696.92 | 2,207,463,095.83 | 46.79% | 1,030,048,650.10 | 2,203,418,599.36 | 46.75% | -2,932,046.82 | -4,044,496.47 | -0.05% | ||
Microfinance Maximum SB (Maxbank) | 39,506,859.85 | 61,222,373.26 | 64.53% | 28,970,906.57 | 62,286,572.17 | 46.51% | -10,535,953.28 | 1,064,198.91 | -18.02% | ||
Allied Savings Bank | 301,699,489.80 | 1,014,585,418.07 | 29.74% | 417,741,191.77 | 1,010,574,472.46 | 41.34% | 116,041,701.97 | -4,010,945.61 | 11.60% | ||
Malasiqui Progressive SLB, Inc. | 22,545,447.81 | 54,828,649.13 | 41.12% | 19,781,785.50 | 55,048,215.23 | 35.94% | -2,763,662.31 | 219,566.10 | -5.18% | ||
CityState Savings Bank | 183,238,709.70 | 805,583,903.62 | 22.75% | 278,638,718.52 | 814,736,342.62 | 34.20% | 95,400,008.82 | 9,152,439.00 | 11.45% | ||
Maritime SLA | 22,008,969.77 | 68,824,229.22 | 31.98% | 22,437,333.91 | 68,833,229.22 | 32.60% | 428,364.14 | 9,000.00 | 0.62% | ||
Card SME Bank Inc. (A Thrift Bank) | 44,750,007.39 | 140,444,945.62 | 31.86% | 35,612,569.77 | 150,765,995.91 | 23.62% | -9,137,437.62 | 10,321,050.29 | -8.24% | ||
BPI Direct Savings Bank | 154,986,189.75 | 715,894,536.42 | 21.65% | 192,765,341.89 | 842,173,596.94 | 22.89% | 37,779,152.14 | 126,279,060.52 | 1.24% | ||
BPI Globe Banko Inc. Savings Bank | 48,463,565.60 | 551,847,301.15 | 8.78% | 115,638,821.68 | 524,444,707.32 | 22.05% | 67,175,256.08 | -27,402,593.83 | 13.27% | ||
The Queen City Development Bank | 150,795,153.67 | 698,722,234.47 | 21.58% | 148,964,053.39 | 691,016,996.13 | 21.56% | -1,831,100.28 | -7,705,238.34 | -0.02% | ||
Optimum Development Bank | 177,091,389.88 | 641,570,262.55 | 27.60% | 110,314,399.99 | 687,108,808.57 | 16.05% | -66,776,989.89 | 45,538,546.02 | -11.55% | ||
Pacific Ace Savings Bank | 14,654,703.21 | 72,593,155.07 | 20.19% | 11,952,763.66 | 76,675,258.62 | 15.59% | -2,701,939.55 | 4,082,103.55 | -4.60% | ||
Dungganon Bank | 6,144,035.78 | 60,321,880.63 | 10.19% | 8,625,732.80 | 64,443,329.59 | 13.38% | 2,481,697.02 | 4,121,448.96 | 3.20% | ||
Bataan SLA | 9,520,893.58 | 79,897,380.54 | 11.92% | 10,355,017.82 | 78,699,471.64 | 13.16% | 834,124.24 | -1,197,908.90 | 1.24% | ||
Bank One Savings and Trust Corp. | NA | NA | NA | 56,734,307.10 | 523,963,118.72 | 10.83% | NA | NA | NA | ||
Merchants Savings & Loan Association Inc. | 12,176,854.20 | 721,264,073.21 | 1.69% | 72,283,885.91 | 669,331,235.75 | 10.80% | 60,107,031.71 | -51,932,837.46 | 9.11% | ||
HSBC Savings Bank (Phils) Inc. | 313,101,336.61 | 1,830,846,012.02 | 17.10% | 274,773,025.74 | 2,888,194,472.00 | 9.51% | -38,328,310.87 | 1,057,348,459.98 | -7.59% | ||
Isla Bank (A Thrift Bank) Inc. | 51,492,341.60 | 625,764,495.92 | 8.23% | 54,788,316.84 | 631,893,880.25 | 8.67% | 3,295,975.24 | 6,129,384.33 | 0.44% | ||
Sun Savings Bank | 6,141,691.01 | 73,296,710.78 | 8.38% | 6,258,125.99 | 76,867,112.54 | 8.14% | 116,434.98 | 3,570,401.76 | -0.24% | ||
Progress SLA | 12,101,531.88 | 85,031,839.07 | 14.23% | 6,718,147.53 | 84,802,928.79 | 7.92% | -5,383,384.35 | -228,910.28 | -6.31% | ||
BDO Elite Savings Bank | 93,351,974.68 | 1,470,452,260.33 | 6.35% | 93,317,372.04 | 1,507,557,562.16 | 6.19% | -34,602.64 | 37,105,301.83 | -0.16% | ||
Century Savings Bank | 40,666,399.73 | 846,901,386.59 | 4.80% | 42,961,702.12 | 875,210,065.34 | 4.91% | 2,295,302.39 | 28,308,678.75 | 0.11% | ||
City Savings Bank | 10,776,774,942.32 | 1,388,719,074.33 | 776.02% | NA | NA | NA | NA | NA | NA | ||
Grand Total | 98,374,375,563.06 | 74,650,707,015.73 | 131.78% | 89,702,249,613.29 | 85,987,882,856.10 | 104.32% | -8,672,125,949.77 | 11,337,175,840.37 | -27.46% |
Source: www.bsp.gov.ph
Disclaimer:
This list only serves as a screening guide. It is not a definitive guide and must be taken in the context of other factors. The figures are based on the individual banks' statement of condition as of December 31, 2011 and March 31, 2012 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.
This list only serves as a screening guide. It is not a definitive guide and must be taken in the context of other factors. The figures are based on the individual banks' statement of condition as of December 31, 2011 and March 31, 2012 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.