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. 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:
- Village SLA (Distressed Ratio of 684.01%)
- Comsavings Bank (formerly GSIS Family Bank) (Distressed Ratio of 603.26%)
- Iloilo City Development Bank (Distressed Ratio of 428.56%)
- The Palawan Bank Inc. (Distressed Ratio of 307.16%)
- Planters Development Bank (Distressed Ratio of 257.29%)
- China Bank Savings (Distressed Ratio of 215.36%)
- Bataan Development Bank (Distressed Ratio of 213.99%)
- University Savings Bank (Distressed Ratio of 178.54%)
- Farmers Savings & Loans Bank (Distressed Ratio of 169.98%)
- Equicom SB (Distressed Ratio of 162.17%)
- RCBC Savings Bank (Distressed Ratio of 152.87%)
- Business & Consumers Bank (Distressed Ratio of 151.46%)
- Opportunity Kauswagan Bank, Inc. (Distressed Ratio of 147.38%)
- Malayan Bank Savings & Mortgage Bank (Distressed Ratio of 136.20%)
- Enterprise Bank Inc. (Distressed Ratio of 135.91%)
- Hiyas Savings & Loan Bank (Distressed Ratio of 135.02%)
- Luzon Development Bank (Distressed Ratio of 123.71%)
- Silangan Savings and Loan Bank, Inc. (Distressed Ratio of 118.22%)
- Microfinance Maximum SB (Distressed Ratio of 112.09%)
- Security Bank Savings Corporation (Distressed Ratio of 110.40%)
- Philippine Resources Savings Banking Corporation (Distressed Ratio of 100.89%)
It should be noted that two banks entered the borderline insolvent list as of March 31, 2013:
- Enterprise Bank Inc., which had a distressed ratio of 98.57% as of December 31, 2012, has a distressed ratio of 135.91% as of March 31, 2013.
- Microfinance Maximum SB (Maxbank), which had a distressed ratio of 93.59% as of December 31, 2012, has a distressed ratio of 112.09% as of March 31, 2013.
It should also be noted that one bank exited the borderline insolvent list: Philippine Savings Bank, which had a distressed ratio of 101.17% as of December 31, 2012, now has a distressed ratio of only 84.00% as of March 31, 2013.
However, three banks are off the list of distressed banks because they had no Published Statement of Condition as of March 31, 2013:
- The Real Bank, which topped the list of distressed banks with a distressed ratio of 1110.52% as of December 31, 2012, had no Published Statement of Condition as of March 31, 2013.
- Inter-Asia Development Bank, which had a distressed ratio of 790.16% as of December 31, 2012, the second highest distressed ratio among Philippine Thrift Banks, has no Published Statement of Condition as of March 31, 2013. Inter-Asia Development Bank also had the distinction of having negative Stockholder's Equity of Php 16.306 million as of December 31, 2012.
- Legazpi Savings Bank Inc. also had no Published Statement of Condition as of March 31, 2012. As of December 31, 2012, it had a distressed ratio of 255.52%. It is now part of Robinsons Bank Corporation.
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 11.859 billion or 12.20% from December 31, 2012 to March 31, 2013. The Total Capital Cushion of Philippine Thrift Banks increased by Php 10.921 billion or 12.24% during the same period. As a result, the Thrift Bank's Ratio of Total Distressed Assets to Total Capital Cushion declined from 110.74% as of December 31, 2012 to 86.46% as of March 31, 2013.
These results were skewed by the lack of Published Statements of Condition of the three distressed banks listed above: The Real Bank, Inter-Asia Development Bank, and Legazpi Savings Bank, Inc.. These three non-reporting banks had a combined distressed assets of Php 10.126 billion supported by a combined capital cushion of only Php 1.193 billion, resulting in a combined distressed ratio of 848.48%.
Among the banks that continued to report their financial condition as of March 31, 2013, their distressed ratios declined from 100.39% as of December 31, 2012, to 86.46% as of March 31, 2013. The improvement in this ratio was primarily due to the 13.99% increase in these banks total capital cushion, from Php 86.571 billion as of December 31, 2012, to Php 98.685 billion as of March 31, 2013. Total Distressed Assets of these banks remained stagnant, declining by 1.82%, from Php 86.907 billion as of December 31, 2012 to Php 85.328 billion as of March 31, 2013.
The banks that posted as significant improvement in their distressed ratios include:
- Century Savings Bank (47.48% decrease)
- Philippine Business Bank (42.18% decrease)
- University Savings Bank (38.26% decrease)
- Philippine Resources Savings Banking Corporation (34.23% decrease)
- Sun Savings Bank (24.46% decrease)
- City Savings Bank (22.92% decrease)
The banks that exhibited a significant deterioration in their distressed ratio include:
- Maritime SLA (154.00% increase)
- Tong Yang Savings Bank Inc. (85.82% increase)
- Pridestar Development Bank (78.21% increase)
- Dungganon Bank (63.93% increase)
- UCPB Savings Bank (56.04% increase)
- Optimum Development Bank (52.87% increase)
- World Partners Bank (43.96% increase)
- Opportunity Kauswagan Bank, Inc. (38.95% increase)
- Enterprise Bank Inc. (37.89% increase)
- Wealth Bank - A Development Bank (36.64% increase)
- Cordillera Savings Bank (27.23% increase)
- Lemery Savings & Loan Bank, Inc. (22.96% increase)
- Tower Development Bank (20.76% increase)
- Village SLA, Inc. (20.53% increase)
| Philippine Thrift Banking System |
| Total Distressed Assets/ Total Capital Cushion |
| December 31, 2010 to March 31, 2013 |
|
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| Bank |
March 2013 |
December 2012 |
Variance |
% Variance |
| Maritime SLA |
90.47% |
35.62% |
54.85% |
154.00% |
| Tong Yang Savings Bank Inc. |
73.96% |
39.80% |
34.16% |
85.82% |
| Pridestar Development Bank |
89.70% |
50.33% |
39.37% |
78.21% |
| Dungganon Bank |
24.69% |
15.06% |
9.63% |
63.93% |
| UCPB Savings Bank |
65.43% |
41.93% |
23.50% |
56.04% |
| Optimum Development Bank |
19.21% |
12.57% |
6.64% |
52.87% |
| World Partners Bank (A Thrift Bank) |
79.57% |
55.27% |
24.30% |
43.96% |
| Opportunity Kauswagan Bank, Inc. |
147.38% |
106.07% |
41.31% |
38.95% |
| Enterprise Bank Inc. |
135.91% |
98.57% |
37.34% |
37.89% |
| Wealth Bank - A Development Bank |
72.22% |
52.86% |
19.37% |
36.64% |
| Cordillera Savings Bank |
65.54% |
51.51% |
14.03% |
27.23% |
| Lemery Savings & Loan Bank, Inc. |
50.06% |
40.71% |
9.35% |
22.96% |
| Tower Development Bank |
30.17% |
24.98% |
5.19% |
20.76% |
| Village SLA, Inc. |
684.01% |
567.49% |
116.51% |
20.53% |
| Microfinance Maximum SB (Maxbank) |
112.09% |
93.59% |
18.50% |
19.76% |
| BPI Globe Banko Inc. Savings Bank |
82.48% |
69.10% |
13.37% |
19.35% |
| Northpoint Development Bank |
44.02% |
38.74% |
5.28% |
13.63% |
| Philippine Postal Savings Bank |
94.33% |
83.38% |
10.95% |
13.13% |
| Quezon Coconut Producers SLB Inc. |
55.78% |
49.30% |
6.47% |
13.13% |
| Comsavings Bank |
603.26% |
546.12% |
57.14% |
10.46% |
| Business & Consumers Bank |
151.46% |
139.77% |
11.69% |
8.37% |
| Malasiqui Progressive SLB, Inc. |
31.49% |
29.18% |
2.31% |
7.92% |
| Producers Savings Bank |
91.85% |
86.28% |
5.57% |
6.45% |
| Equicom SB |
162.17% |
152.87% |
9.30% |
6.09% |
| HSBC Savings Bank (Phils) Inc. |
13.94% |
13.26% |
0.68% |
5.13% |
| Farmers Savings & Loan Bank |
169.98% |
162.20% |
7.78% |
4.80% |
| Sampaguita SLA |
65.02% |
63.24% |
1.78% |
2.82% |
| Progress SLA |
7.48% |
7.47% |
0.02% |
0.21% |
| Isla Bank (A Thrift Bank) Inc. |
8.54% |
8.54% |
0.00% |
-0.03% |
| Allied Savings Bank |
48.42% |
48.59% |
-0.16% |
-0.34% |
| Security Bank Savings Corporation |
110.40% |
111.03% |
-0.62% |
-0.56% |
| Silangan Savings and Loan Bank, Inc. |
118.22% |
119.18% |
-0.96% |
-0.81% |
| Hiyas Savings & Loan Bank |
135.02% |
136.46% |
-1.44% |
-1.05% |
| Dumaguete City Development Bank |
97.65% |
98.69% |
-1.04% |
-1.06% |
| Metro Cebu Public Savings Bank |
54.66% |
55.41% |
-0.75% |
-1.36% |
| Sterling Bank of Asia Inc. |
66.81% |
67.75% |
-0.94% |
-1.38% |
| BDO Elite Savings Bank |
6.09% |
6.19% |
-0.10% |
-1.57% |
| The Queen City Development Bank |
22.22% |
22.60% |
-0.38% |
-1.68% |
| Citibank Savings Inc. |
91.80% |
93.50% |
-1.70% |
-1.82% |
| Pacific Ace Savings Bank |
16.92% |
17.23% |
-0.32% |
-1.84% |
| Bank One Savings and Trust Corp. |
68.77% |
70.15% |
-1.38% |
-1.97% |
| Penbank, Inc. |
93.80% |
95.87% |
-2.08% |
-2.17% |
| Malayan Bank Savings & Mortgage Bank |
136.20% |
139.40% |
-3.20% |
-2.29% |
| Life Savings Bank |
52.53% |
54.03% |
-1.50% |
-2.77% |
| Bataan Development Bank |
213.99% |
222.61% |
-8.62% |
-3.87% |
| Card SME Bank Inc. (A Thrift Bank) |
16.54% |
17.21% |
-0.67% |
-3.89% |
| Luzon Development Bank |
123.71% |
130.87% |
-7.16% |
-5.47% |
| Pampanga Development Bank |
43.46% |
46.82% |
-3.36% |
-7.18% |
| United Overseas Bank Philippines |
58.08% |
63.00% |
-4.92% |
-7.81% |
| Merchants Savings & Loan Association Inc. |
54.94% |
60.18% |
-5.24% |
-8.70% |
| Iloilo City Development Bank |
428.56% |
469.47% |
-40.91% |
-8.71% |
| The Palawan Bank Inc. |
307.16% |
339.70% |
-32.54% |
-9.58% |
| China Bank Savings |
215.36% |
240.64% |
-25.28% |
-10.51% |
| Planters Development Bank |
257.29% |
289.24% |
-31.95% |
-11.05% |
| CityState Savings Bank |
38.67% |
44.00% |
-5.34% |
-12.13% |
| BPI Direct Savings Bank |
29.91% |
34.15% |
-4.24% |
-12.42% |
| First Consolidated Bank |
56.60% |
65.35% |
-8.74% |
-13.38% |
| BPI Family Savings Bank |
62.18% |
73.98% |
-11.80% |
-15.95% |
| RCBC Savings Bank |
152.87% |
183.45% |
-30.58% |
-16.67% |
| Philippine Savings Bank |
84.00% |
101.17% |
-17.17% |
-16.97% |
| City Savings Bank |
20.96% |
27.20% |
-6.24% |
-22.92% |
| Sun Savings Bank |
6.06% |
8.02% |
-1.96% |
-24.46% |
| Philippine Resources Savings Banking Corporation |
100.89% |
153.40% |
-52.51% |
-34.23% |
| University Savings Bank |
178.54% |
289.20% |
-110.66% |
-38.26% |
| Philippine Business Bank |
44.01% |
76.11% |
-32.11% |
-42.18% |
| Century Savings Bank |
6.02% |
11.47% |
-5.44% |
-47.48% |
| Bataan SLA |
13.55% |
NA |
NA |
NA |
| The Real Bank (A Thrift Bank) Inc. |
NA |
1110.52% |
NA |
NA |
| Inter-Asia Development Bank |
NA |
790.16% |
NA |
NA |
| Legazpi Savings Bank Inc.* |
NA |
255.52% |
NA |
NA |
| Grand Total |
86.46% |
110.74% |
-24.27% |
-21.92% |
Source: www.bsp.gov.ph
| Philippine Thrift Banking System |
| Total Distressed Assets/ Total Capital Cushion |
| December 31, 2010 to March 31, 2013 |
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March 31, 2013 |
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December 31, 2012 |
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Variance |
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% 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 %) |
|
Total Distressed Assets (In PHP) |
Total Capital Cushion (In PHP) |
Distressed Assets/ Total Capital Cushion (In %) |
| Village SLA, Inc. |
496,377,535.75 |
72,569,009.96 |
684.01% |
|
482,971,670.79 |
85,106,104.94 |
567.49% |
|
13,405,864.96 |
-12,537,094.98 |
116.51% |
|
2.78% |
-14.73% |
20.53% |
| Comsavings Bank |
2,112,944,286.62 |
350,256,389.87 |
603.26% |
|
2,152,959,280.94 |
394,231,674.83 |
546.12% |
|
-40,014,994.32 |
-43,975,284.96 |
57.14% |
|
-1.86% |
-11.15% |
10.46% |
| Iloilo City Development Bank |
319,108,798.97 |
74,460,161.05 |
428.56% |
|
312,348,064.40 |
66,532,072.05 |
469.47% |
|
6,760,734.57 |
7,928,089.00 |
-40.91% |
|
2.16% |
11.92% |
-8.71% |
| The Palawan Bank Inc. |
80,187,590.43 |
26,105,838.96 |
307.16% |
|
88,021,072.90 |
25,911,081.73 |
339.70% |
|
-7,833,482.47 |
194,757.23 |
-32.54% |
|
-8.90% |
0.75% |
-9.58% |
| Planters Development Bank |
11,558,280,974.87 |
4,492,399,583.23 |
257.29% |
|
12,948,915,584.01 |
4,476,918,961.89 |
289.24% |
|
-1,390,634,609.14 |
15,480,621.34 |
-31.95% |
|
-10.74% |
0.35% |
-11.05% |
| China Bank Savings |
1,992,008,426.44 |
924,982,941.27 |
215.36% |
|
2,193,496,131.15 |
911,544,737.69 |
240.64% |
|
-201,487,704.71 |
13,438,203.58 |
-25.28% |
|
-9.19% |
1.47% |
-10.51% |
| Bataan Development Bank |
169,926,802.45 |
79,408,150.74 |
213.99% |
|
173,086,398.77 |
77,754,277.41 |
222.61% |
|
-3,159,596.32 |
1,653,873.33 |
-8.62% |
|
-1.83% |
2.13% |
-3.87% |
| University Savings Bank |
426,379,745.66 |
238,815,498.62 |
178.54% |
|
661,143,467.69 |
228,612,951.12 |
289.20% |
|
-234,763,722.03 |
10,202,547.50 |
-110.66% |
|
-35.51% |
4.46% |
-38.26% |
| Farmers Savings & Loan Bank |
206,459,550.90 |
121,460,323.18 |
169.98% |
|
194,814,222.76 |
120,105,189.66 |
162.20% |
|
11,645,328.14 |
1,355,133.52 |
7.78% |
|
5.98% |
1.13% |
4.80% |
| Equicom SB |
849,956,397.71 |
524,113,918.41 |
162.17% |
|
804,808,813.72 |
526,478,368.74 |
152.87% |
|
45,147,583.99 |
-2,364,450.33 |
9.30% |
|
5.61% |
-0.45% |
6.09% |
| RCBC Savings Bank |
12,931,004,204.02 |
8,458,793,246.14 |
152.87% |
|
13,175,369,165.79 |
7,182,065,835.47 |
183.45% |
|
-244,364,961.77 |
1,276,727,410.67 |
-30.58% |
|
-1.85% |
17.78% |
-16.67% |
| Business & Consumers Bank |
125,950,251.62 |
83,158,250.15 |
151.46% |
|
111,503,405.66 |
79,778,218.98 |
139.77% |
|
14,446,845.96 |
3,380,031.17 |
11.69% |
|
12.96% |
4.24% |
8.37% |
| Opportunity Kauswagan Bank, Inc. |
148,003,463.85 |
100,422,184.04 |
147.38% |
|
181,267,927.74 |
170,899,309.83 |
106.07% |
|
-33,264,463.89 |
-70,477,125.79 |
41.31% |
|
-18.35% |
-41.24% |
38.95% |
| Malayan Bank Savings & Mortgage Bank |
1,631,520,959.35 |
1,197,907,246.98 |
136.20% |
|
1,604,314,144.81 |
1,150,906,649.00 |
139.40% |
|
27,206,814.54 |
47,000,597.98 |
-3.20% |
|
1.70% |
4.08% |
-2.29% |
| Enterprise Bank Inc. |
308,372,421.55 |
226,893,033.22 |
135.91% |
|
200,552,296.60 |
203,469,413.04 |
98.57% |
|
107,820,124.95 |
23,423,620.18 |
37.34% |
|
53.76% |
11.51% |
37.89% |
| Hiyas Savings & Loan Bank |
232,293,909.14 |
172,039,936.56 |
135.02% |
|
239,626,539.43 |
175,599,508.50 |
136.46% |
|
-7,332,630.29 |
-3,559,571.94 |
-1.44% |
|
-3.06% |
-2.03% |
-1.05% |
| Luzon Development Bank |
625,433,831.89 |
505,564,924.77 |
123.71% |
|
644,332,995.39 |
492,360,638.92 |
130.87% |
|
-18,899,163.50 |
13,204,285.85 |
-7.16% |
|
-2.93% |
2.68% |
-5.47% |
| Silangan Savings and Loan Bank, Inc. |
60,573,617.94 |
51,238,430.87 |
118.22% |
|
61,066,411.54 |
51,238,430.87 |
119.18% |
|
-492,793.60 |
0.00 |
-0.96% |
|
-0.81% |
0.00% |
-0.81% |
| Microfinance Maximum SB (Maxbank) |
71,037,262.18 |
63,374,791.71 |
112.09% |
|
57,308,195.17 |
61,231,684.17 |
93.59% |
|
13,729,067.01 |
2,143,107.54 |
18.50% |
|
23.96% |
3.50% |
19.76% |
| Security Bank Savings Corporation |
1,959,451,355.89 |
1,774,788,044.47 |
110.40% |
|
2,351,384,570.60 |
2,117,832,548.04 |
111.03% |
|
-391,933,214.71 |
-343,044,503.57 |
-0.62% |
|
-16.67% |
-16.20% |
-0.56% |
| Philippine Resources Savings Banking Corporation |
1,518,138,930.73 |
1,504,814,681.31 |
100.89% |
|
1,964,754,570.68 |
1,280,833,710.22 |
153.40% |
|
-446,615,639.95 |
223,980,971.09 |
-52.51% |
|
-22.73% |
17.49% |
-34.23% |
| Dumaguete City Development Bank |
212,181,457.56 |
217,297,074.83 |
97.65% |
|
214,452,144.04 |
217,297,074.83 |
98.69% |
|
-2,270,686.48 |
0.00 |
-1.04% |
|
-1.06% |
0.00% |
-1.06% |
| Philippine Postal Savings Bank |
862,108,154.35 |
913,967,454.19 |
94.33% |
|
731,482,833.06 |
877,330,533.58 |
83.38% |
|
130,625,321.29 |
36,636,920.61 |
10.95% |
|
17.86% |
4.18% |
13.13% |
| Penbank, Inc. |
268,460,996.41 |
286,214,181.94 |
93.80% |
|
273,463,386.84 |
285,232,586.90 |
95.87% |
|
-5,002,390.43 |
981,595.04 |
-2.08% |
|
-1.83% |
0.34% |
-2.17% |
| Producers Savings Bank |
986,967,682.63 |
1,074,557,352.06 |
91.85% |
|
901,945,596.74 |
1,045,373,505.87 |
86.28% |
|
85,022,085.89 |
29,183,846.19 |
5.57% |
|
9.43% |
2.79% |
6.45% |
| Citibank Savings Inc. |
3,707,089,343.11 |
4,038,289,977.25 |
91.80% |
|
3,662,866,224.16 |
3,917,361,113.08 |
93.50% |
|
44,223,118.95 |
120,928,864.17 |
-1.70% |
|
1.21% |
3.09% |
-1.82% |
| Maritime SLA |
64,571,724.72 |
71,371,831.58 |
90.47% |
|
24,674,180.19 |
69,271,831.58 |
35.62% |
|
39,897,544.53 |
2,100,000.00 |
54.85% |
|
161.70% |
3.03% |
154.00% |
| Pridestar Development Bank |
66,941,092.23 |
74,627,626.02 |
89.70% |
|
37,563,323.43 |
74,627,626.02 |
50.33% |
|
29,377,768.80 |
0.00 |
39.37% |
|
78.21% |
0.00% |
78.21% |
| Philippine Savings Bank |
15,547,779,242.71 |
18,508,339,248.39 |
84.00% |
|
16,254,121,220.71 |
16,065,835,469.57 |
101.17% |
|
-706,341,978.00 |
2,442,503,778.82 |
-17.17% |
|
-4.35% |
15.20% |
-16.97% |
| BPI Globe Banko Inc. Savings Bank |
462,222,172.97 |
560,439,118.02 |
82.48% |
|
540,479,949.34 |
782,143,645.87 |
69.10% |
|
-78,257,776.37 |
-221,704,527.85 |
13.37% |
|
-14.48% |
-28.35% |
19.35% |
| World Partners Bank (A Thrift Bank) |
141,516,133.02 |
177,860,310.22 |
79.57% |
|
101,080,731.99 |
182,889,092.93 |
55.27% |
|
40,435,401.03 |
-5,028,782.71 |
24.30% |
|
40.00% |
-2.75% |
43.96% |
| Tong Yang Savings Bank Inc. |
361,801,945.68 |
489,172,436.34 |
73.96% |
|
249,669,008.20 |
627,270,962.27 |
39.80% |
|
112,132,937.48 |
-138,098,525.93 |
34.16% |
|
44.91% |
-22.02% |
85.82% |
| Wealth Bank - A Development Bank |
304,454,400.20 |
421,544,146.45 |
72.22% |
|
220,929,447.90 |
417,967,098.12 |
52.86% |
|
83,524,952.30 |
3,577,048.33 |
19.37% |
|
37.81% |
0.86% |
36.64% |
| Bank One Savings and Trust Corp. |
368,212,380.63 |
535,403,383.73 |
68.77% |
|
366,765,200.88 |
522,793,794.10 |
70.15% |
|
1,447,179.75 |
12,609,589.63 |
-1.38% |
|
0.39% |
2.41% |
-1.97% |
| Sterling Bank of Asia Inc. |
1,353,571,985.25 |
2,026,039,593.80 |
66.81% |
|
1,411,744,851.91 |
2,083,878,433.82 |
67.75% |
|
-58,172,866.66 |
-57,838,840.02 |
-0.94% |
|
-4.12% |
-2.78% |
-1.38% |
| Cordillera Savings Bank |
74,066,552.10 |
113,009,018.46 |
65.54% |
|
63,777,832.88 |
123,806,190.07 |
51.51% |
|
10,288,719.22 |
-10,797,171.61 |
14.03% |
|
16.13% |
-8.72% |
27.23% |
| UCPB Savings Bank |
1,702,616,106.61 |
2,602,331,669.44 |
65.43% |
|
1,081,568,062.29 |
2,579,430,757.11 |
41.93% |
|
621,048,044.32 |
22,900,912.33 |
23.50% |
|
57.42% |
0.89% |
56.04% |
| Sampaguita SLA |
48,490,704.40 |
74,575,772.55 |
65.02% |
|
53,266,338.83 |
84,232,190.43 |
63.24% |
|
NA |
NA |
NA |
|
NA |
NA |
NA |
| BPI Family Savings Bank |
12,390,463,646.81 |
19,926,427,350.72 |
62.18% |
|
11,733,333,554.64 |
15,860,798,666.60 |
73.98% |
|
657,130,092.17 |
4,065,628,684.12 |
-11.80% |
|
5.60% |
25.63% |
-15.95% |
| United Overseas Bank Philippines |
797,252,581.71 |
1,372,705,840.63 |
58.08% |
|
909,917,442.82 |
1,444,345,423.54 |
63.00% |
|
-112,664,861.11 |
-71,639,582.91 |
-4.92% |
|
-12.38% |
-4.96% |
-7.81% |
| First Consolidated Bank |
1,272,469,953.21 |
2,248,048,867.75 |
56.60% |
|
1,287,890,706.30 |
1,970,817,172.11 |
65.35% |
|
-15,420,753.09 |
277,231,695.64 |
-8.74% |
|
-1.20% |
14.07% |
-13.38% |
| Quezon Coconut Producers SLB Inc. |
32,532,554.40 |
58,325,694.46 |
55.78% |
|
28,720,982.41 |
58,253,245.56 |
49.30% |
|
3,811,571.99 |
72,448.90 |
6.47% |
|
13.27% |
0.12% |
13.13% |
| Merchants Savings & Loan Association Inc. |
299,698,379.66 |
545,519,147.04 |
54.94% |
|
385,483,704.14 |
640,602,537.64 |
60.18% |
|
-85,785,324.48 |
-95,083,390.60 |
-5.24% |
|
-22.25% |
-14.84% |
-8.70% |
| Metro Cebu Public Savings Bank |
38,690,609.10 |
70,789,328.55 |
54.66% |
|
39,456,154.93 |
71,210,205.16 |
55.41% |
|
-765,545.83 |
-420,876.61 |
-0.75% |
|
-1.94% |
-0.59% |
-1.36% |
| Life Savings Bank |
34,976,115.44 |
66,578,200.06 |
52.53% |
|
35,368,332.32 |
65,456,807.08 |
54.03% |
|
-392,216.88 |
1,121,392.98 |
-1.50% |
|
-1.11% |
1.71% |
-2.77% |
| Lemery Savings & Loan Bank, Inc. |
35,588,787.10 |
71,094,084.23 |
50.06% |
|
30,317,786.86 |
74,467,764.45 |
40.71% |
|
5,271,000.24 |
-3,373,680.22 |
9.35% |
|
17.39% |
-4.53% |
22.96% |
| Allied Savings Bank |
499,824,134.97 |
1,032,242,470.70 |
48.42% |
|
499,978,776.28 |
1,029,058,182.69 |
48.59% |
|
-154,641.31 |
3,184,288.01 |
-0.16% |
|
-0.03% |
0.31% |
-0.34% |
| Northpoint Development Bank |
35,099,143.73 |
79,739,033.66 |
44.02% |
|
36,376,190.18 |
93,901,080.98 |
38.74% |
|
-1,277,046.45 |
-14,162,047.32 |
5.28% |
|
-3.51% |
-15.08% |
13.63% |
| Philippine Business Bank |
3,342,480,754.92 |
7,595,417,603.40 |
44.01% |
|
2,932,041,092.47 |
3,852,281,882.85 |
76.11% |
|
410,439,662.45 |
3,743,135,720.55 |
-32.11% |
|
14.00% |
97.17% |
-42.18% |
| Pampanga Development Bank |
54,527,982.96 |
125,480,286.07 |
43.46% |
|
59,113,455.34 |
126,267,718.61 |
46.82% |
|
-4,585,472.38 |
-787,432.54 |
-3.36% |
|
-7.76% |
-0.62% |
-7.18% |
| CityState Savings Bank |
312,515,375.59 |
808,185,795.23 |
38.67% |
|
355,639,804.32 |
808,185,795.23 |
44.00% |
|
-43,124,428.73 |
0.00 |
-5.34% |
|
-12.13% |
0.00% |
-12.13% |
| Malasiqui Progressive SLB, Inc. |
18,888,049.74 |
59,987,437.99 |
31.49% |
|
16,772,085.65 |
57,487,437.99 |
29.18% |
|
2,115,964.09 |
2,500,000.00 |
2.31% |
|
12.62% |
4.35% |
7.92% |
| Tower Development Bank |
34,922,686.03 |
115,765,899.34 |
30.17% |
|
28,918,674.66 |
115,765,899.34 |
24.98% |
|
6,004,011.37 |
0.00 |
5.19% |
|
20.76% |
0.00% |
20.76% |
| BPI Direct Savings Bank |
287,924,023.63 |
962,690,528.70 |
29.91% |
|
268,938,170.94 |
787,541,250.61 |
34.15% |
|
18,985,852.69 |
175,149,278.09 |
-4.24% |
|
7.06% |
22.24% |
-12.42% |
| Dungganon Bank |
17,276,723.25 |
69,970,203.97 |
24.69% |
|
9,479,604.75 |
62,935,596.15 |
15.06% |
|
7,797,118.50 |
7,034,607.82 |
9.63% |
|
82.25% |
11.18% |
63.93% |
| The Queen City Development Bank |
152,561,708.09 |
686,692,465.33 |
22.22% |
|
153,384,400.79 |
678,792,264.05 |
22.60% |
|
-822,692.70 |
7,900,201.28 |
-0.38% |
|
-0.54% |
1.16% |
-1.68% |
| City Savings Bank |
522,538,004.04 |
2,492,516,971.70 |
20.96% |
|
529,688,243.69 |
1,947,420,462.29 |
27.20% |
|
-7,150,239.65 |
545,096,509.41 |
-6.24% |
|
-1.35% |
27.99% |
-22.92% |
| Optimum Development Bank |
140,457,695.30 |
731,203,784.14 |
19.21% |
|
84,910,104.49 |
675,732,293.95 |
12.57% |
|
55,547,590.81 |
55,471,490.19 |
6.64% |
|
65.42% |
8.21% |
52.87% |
| Pacific Ace Savings Bank |
13,401,495.80 |
79,221,909.62 |
16.92% |
|
13,084,624.86 |
75,921,914.77 |
17.23% |
|
316,870.94 |
3,299,994.85 |
-0.32% |
|
2.42% |
4.35% |
-1.84% |
| Card SME Bank Inc. (A Thrift Bank) |
36,404,170.86 |
220,043,734.69 |
16.54% |
|
34,609,441.42 |
201,058,032.28 |
17.21% |
|
1,794,729.44 |
18,985,702.41 |
-0.67% |
|
5.19% |
9.44% |
-3.89% |
| HSBC Savings Bank (Phils) Inc. |
374,594,152.95 |
2,686,441,511.65 |
13.94% |
|
379,569,632.06 |
2,861,807,423.16 |
13.26% |
|
-4,975,479.11 |
-175,365,911.51 |
0.68% |
|
-1.31% |
-6.13% |
5.13% |
| Bataan SLA |
10,370,026.22 |
76,527,304.60 |
13.55% |
|
NA |
NA |
NA |
|
#VALUE! |
#VALUE! |
NA |
|
NA |
NA |
NA |
| Isla Bank (A Thrift Bank) Inc. |
55,140,865.47 |
645,507,292.30 |
8.54% |
|
53,994,132.80 |
631,893,880.25 |
8.54% |
|
1,146,732.67 |
13,613,412.05 |
0.00% |
|
2.12% |
2.15% |
-0.03% |
| Progress SLA |
6,283,919.40 |
83,965,899.99 |
7.48% |
|
6,272,509.28 |
83,990,340.37 |
7.47% |
|
11,410.12 |
-24,440.38 |
0.02% |
|
0.18% |
-0.03% |
0.21% |
| BDO Elite Savings Bank |
94,238,936.06 |
1,546,549,042.92 |
6.09% |
|
93,324,793.17 |
1,507,557,562.16 |
6.19% |
|
914,142.89 |
38,991,480.76 |
-0.10% |
|
0.98% |
2.59% |
-1.57% |
| Sun Savings Bank |
6,239,595.75 |
103,038,846.69 |
6.06% |
|
6,227,687.27 |
77,692,055.29 |
8.02% |
|
11,908.48 |
25,346,791.40 |
-1.96% |
|
0.19% |
32.62% |
-24.46% |
| Century Savings Bank |
53,963,055.82 |
896,069,697.57 |
6.02% |
|
100,122,005.92 |
873,232,215.08 |
11.47% |
|
-46,158,950.10 |
22,837,482.49 |
-5.44% |
|
-46.10% |
2.62% |
-47.48% |
| The Real Bank (A Thrift Bank) Inc. |
NA |
NA |
NA |
|
9,104,085,280.75 |
819,806,739.79 |
1110.52% |
|
NA |
NA |
NA |
|
NA |
NA |
NA |
| Inter-Asia Development Bank |
NA |
NA |
NA |
|
98,986,652.72 |
12,527,419.93 |
790.16% |
|
NA |
NA |
NA |
|
NA |
NA |
NA |
| Legazpi Savings Bank Inc. |
NA |
NA |
NA |
|
922,546,339.95 |
361,050,520.81 |
255.52% |
|
NA |
NA |
NA |
|
NA |
NA |
NA |
| Grand Total |
85,327,787,520.55 |
98,685,353,014.48 |
86.46% |
|
97,186,967,632.11 |
87,764,013,064.02 |
110.74% |
|
-11,859,180,111.56 |
10,921,339,950.46 |
-24.27% |
|
-12.20% |
12.44% |
-21.92% |
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' Published Statements of Condition as of December 31, 2012 and March 31, 2013 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.
