Philippine Banks Improve in the 4th Qtr. of 2013

Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning. Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.

Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency, because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks  

Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks decreased by Php 33.281 billion or 5.17% from September 30, 2013 to December 31, 2013.  This decrease was supplemented by a 2.63% increase in their Total Capital Cushion during the same period.  As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by a substantial 7.59%, from 64.38% as of September 30, 2013 to 59.49% as of December 31, 2013. (Distressed banks are highlighted in yellow).

Those banks that posted significant improvements in this ratio include:

1. The Bank of Tokyo-Mitsubishi UFJ (77.72% decrease)
2. Deutsche Bank AG (52.59% decrease)
3. JP Morgan Chase Bank National Association (50.28% decrease)
4. Pacific Ace Savings Bank Inc (46.30% decrease)
5. CityState Savings Bank (45.14% decrease)
6. Tong Yang Savings Bank Inc. (43.64% decrease)
7. The Real Bank (35.08% decrease)
8. Mizuho Bank Ltd - Manila Branch (32.32% decrease)
9. Philippine Business Bank (30.95% decrease)
10. HSBC Savings Bank (29.58% decrease)
11. Metropolitan Bank & Trust Co. (23.14% decrease)
12. The Palawan Bank (22.01% decrease)
13. Korea Exchange Bank (21.03% decrease)
14. Merchants Savings & Loan Association Inc. (20.20% decrease)
15. Farmers Savings and Loan Bank (19.22% decrease)
16. Luzon Development Bank (18.17% decrease)
17. Asia United Bank Corporation (18.08% decrease)
18. Philippine National Bank (16.72% decrease)
19. UCPB Savings Bank (15.74% decrease)
20. United Coconut Planters Bank (15.06% decrease)

The banks that exhibited significant deterioration in this ratio include:

1. Dungganon Bank (120.59% increase)
2. Comsavings Bank (89.07% increase)
3. Bank of America N.A. (69.69% increase)
4. City Savings Bank Inc. (59.55% increase)
5. Wealth Development Bank Corporation (55.85% increase)
6. Optimum Development Bank (36.58% increase)
7. BPI Globe Banko Inc. (35.45% increase)
8. Metro Cebu Public Savings Bank (33.18% increase)
9. Robinsons Bank Corporation (26.37% increase)
10. Citibank, N.A. (25.85% increase)
11. Rizal Commercial Banking Corporation (25.84% increase)
12. Opportunity Kauswagan Bank Inc. (22.62% increase)
13. Philippine Veterans Bank (18.13% increase)
14. Bank of China Limited - Manila Branch (17.75% increase)
15. Business and Consumers Bank (16.96% increase)
16. Development Bank of the Philippines (16.14% increase)
17. Enterprise Bank Inc. (15.79% increase)

Distressed Banks


Six of the banks with significant increases have been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the 4th Qtr. of 2013.  These four banks ranked as distressed showed significant deterioration in their distressed ratios as of December 31, 2013.  These banks are:

1. Comsavings Bank (89.07% increase)
2. Citibank, N.A. (25.85% increase)
3. Opportunity Kauswagan Bank Inc. (22.62% increase)
4. Bank of China Limited - Manila Branch (17.75% increase)
5. Business and Consumers Bank (16.96% increase)
6. Enterprise Bank Inc. (15.79% increase)

The Real Bank still ranks as the most distressed Philippine Bank.  With a Distressed Asset Ratio of 1240.06%, its Total Distressed Assets are more than twelve times its Total Capital Cushion.  The second most distressed Philippine Bank is Bank of China Limited - Manila Branch.  Its Total Distressed Assets are over nine times its Total Capital Cushion.

The list of Philippine Banks classified as distressed as of December 31, 2013 are as follows:

1. The Real Bank (Distressed Ratio of 1240.06%)
2. Bank of China Limited - Manila Branch (Distressed Ratio of 941.17%)
3. Comsavings Bank (Distressed Ratio of 830.28%)
4. Village Bank Inc. (Distressed Ratio of 739.25%)
5. United Coconut Planters (Distressed Ratio of 379.21%)
6. Inter-Asia Development Bank (Distressed Ratio of 249.74%)
7. Citibank, N.A. (Distressed Ratio of 243.61%)
8. Planters Development Bank (Distressed Ratio of 217.86%)
9. World Partners Bank (Distressed Ratio of 187.91%)
10. University Savings Bank Inc. (Distressed Ratio of 176.94%)
11. Enterprise Bank Inc. (Distressed Ratio of 175.13%)
12. Opportunity Kauswagan Bank Inc. (Distressed Ratio of 157.17%)
13. Bank of Commerce (Distressed Ratio of 152.79%)
14. Bataan Development Bank (Distressed Ratio of 151.03%)
15. Business and Consumers Bank (Distressed Ratio of 147.47%)
16. Philippine Bank of Communications (Distressed Ratio of 146.98%)
17. Equicom Savings Bank Inc. (Distressed Ratio of 131.03%)
18. RCBC Savings Bank Inc. (Distressed Ratio of 126.71%)
19. China Bank Savings Inc. (Distressed Ratio of 119.62%)
20. Microfinance Maximum SB Inc. (Distressed Ratio of 100.25%)

Departures

Sterling Bank of Asia Inc., which had a Distressed Ratio of 107.98% as of September 30, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 87.22% as of December 31, 2013.  Similarly, Korea Exchange Bank, which had a Distressed Ratio of 104.74% as of September 30, 2013, dropped out of the list of Distressed Banks with a Distressed Ratio of 82.72% as of December 31, 2013.  Iloilo City Development Bank, which had a Distressed Ratio of 460.68% as of September 30, 2013, did not have any Published Statement of Condition as of December 31, 2013.

As a group the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 28.24% as of December 31, 2013, down from 233.94% as of September 30, 2013.  

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2013 to December 31, 2013
In %
Bank	December 31, 2013	September 30, 2013	Variance	% Variance
DUNGGANON BANK (A MICROFINANCE THRIFT	54.87%	24.87%	30.00%	120.59%
COMSAVINGS BANK	830.28%	439.14%	391.13%	89.07%
BANK OF AMERICA N.A.	5.77%	3.40%	2.37%	69.69%
CITY SAVINGS BANK INC	33.54%	21.02%	12.52%	59.55%
WEALTH DEVELOPMENT BANK CORPORATION	83.09%	53.31%	29.78%	55.85%
OPTIMUM DEVELOPMENT BANK INC	17.86%	13.07%	4.78%	36.58%
BPI GLOBE BANKO INC A SAVINGS BANK	75.10%	55.44%	19.66%	35.45%
METRO CEBU PUBLIC SAVINGS BANK	54.47%	40.90%	13.57%	33.18%
ROBINSONS BANK CORPORATION	44.76%	35.42%	9.34%	26.37%
CITIBANK, N.A.	243.61%	193.57%	50.04%	25.85%
RIZAL COMMERCIAL BANKING CORP	46.37%	36.85%	9.52%	25.84%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	157.17%	128.18%	28.99%	22.62%
PHILIPPINE VETERANS BANK	96.72%	81.87%	14.84%	18.13%
BANK OF CHINA LIMITED-MANILA BRANCH	941.17%	799.27%	141.90%	17.75%
BUSINESS AND CONSUMERS BANK (A DB)	147.47%	126.08%	21.39%	16.96%
DEVELOPMENT BANK OF THE PHILIPPINES	46.08%	39.68%	6.41%	16.14%
ENTERPRISE BANK INC (A THRIFT BANK)	175.13%	151.25%	23.88%	15.79%
SUN SAVINGS BANK INC	8.85%	7.79%	1.06%	13.62%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	5.35%	4.74%	0.61%	12.77%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	75.06%	67.79%	7.27%	10.72%
WORLD PARTNERS BANK (A THRIFT BANK)	187.91%	170.09%	17.81%	10.47%
LIFE SAVINGS BANK INC	43.02%	39.14%	3.88%	9.92%
RCBC SAVINGS BANK INC	126.71%	115.44%	11.27%	9.76%
CARD SME BANK INC A THRIFT BANK	20.44%	18.95%	1.49%	7.84%
UNION BANK OF THE PHILIPPINES	77.90%	72.86%	5.04%	6.92%
PHILIPPINE RESOURCES SAVINGS BANKING	89.20%	83.97%	5.23%	6.23%
PHILIPPINE SAVINGS BANK	88.23%	84.25%	3.98%	4.72%
EAST WEST BANKING CORP	64.60%	63.19%	1.40%	2.22%
PHILIPPINE BANK OF COMMUNICATIONS	146.98%	143.81%	3.17%	2.21%
CHINA BANKING CORPORATION	43.20%	42.31%	0.89%	2.09%
LEMERY SAVINGS & LOAN BANK, INC.	23.20%	22.84%	0.36%	1.57%
DUMAGUETE CITY DEVELOPMENT BANK INC	82.67%	82.31%	0.36%	0.44%
PRIDE STAR DEVELOPMENT BANK INC	65.62%	65.56%	0.06%	0.10%
PAMPANGA DEVELOPMENT BANK	40.03%	39.99%	0.04%	0.09%
STANDARD CHARTERED BANK	199.59%	199.47%	0.12%	0.06%
INTERNATIONALE NEDERLANDEN GROEP BK	27.21%	27.21%	0.00%	0.00%
BATAAN DEVELOPMENT BANK	151.03%	151.31%	-0.27%	-0.18%
PROGRESS SAVINGS AND LOAN BANK INC	5.07%	5.13%	-0.07%	-1.29%
EQUICOM SAVINGS BANK INC	131.03%	132.85%	-1.82%	-1.37%
UNITED OVERSEAS BANK PHILIPPINES	57.05%	58.06%	-1.00%	-1.73%
CORDILLERA SAVINGS BANK INC	40.92%	41.66%	-0.74%	-1.79%
PRODUCERS SAVINGS BANK CORPORATION	64.20%	65.84%	-1.64%	-2.49%
UNIVERSITY SAVINGS BANK INC	176.94%	181.56%	-4.62%	-2.55%
CHINA BANK SAVINGS INC	119.62%	123.18%	-3.56%	-2.89%
BATAAN SAVINGS AND LOAN BANK	14.51%	14.96%	-0.45%	-3.02%
BANK OF THE PHILIPPINE ISLANDS	39.74%	41.03%	-1.30%	-3.16%
TOWER DEVELOPMENT BANK	20.68%	21.37%	-0.70%	-3.26%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	83.30%	86.18%	-2.89%	-3.35%
BANK OF COMMERCE	152.79%	158.28%	-5.49%	-3.47%
FIRST CONSOLIDATED BANK INC (A PDB)	41.34%	42.89%	-1.55%	-3.61%
MICROFINANCE MAXIMUM SB INC	100.25%	104.25%	-4.00%	-3.84%
MALAYAN BANK SAVINGS AND MORT BANK INC	89.60%	93.24%	-3.64%	-3.90%
CENTURY SAVINGS BANK CORPORATION	8.34%	8.69%	-0.35%	-4.01%
CITIBANK SAVINGS INC	89.52%	93.66%	-4.14%	-4.42%
BANGKOK BANK PUBLIC CO LTD	4.13%	4.33%	-0.19%	-4.45%
BDO ELITE SAVINGS BANK INC	5.57%	5.86%	-0.29%	-4.90%
VILLAGE BANK INC (A THRIFT BANK)	739.25%	778.56%	-39.31%	-5.05%
SECURITY BANK SAVINGS CORPORATION	82.32%	86.97%	-4.65%	-5.35%
NORTHPOINT DEV'T BANK INC	65.25%	69.38%	-4.13%	-5.96%
ANZ BANKING GROUP LTD	38.16%	41.08%	-2.92%	-7.11%
PLANTERS DEVELOPMENT BANK	217.86%	234.91%	-17.05%	-7.26%
ALLIED SAVINGS BANK	45.02%	48.76%	-3.74%	-7.67%
HONGKONG & SHANGHAI BANKING CORPORATION	75.16%	81.44%	-6.29%	-7.72%
MEGA INTERNATIONAL COMMERCIAL BANK CO LTD	78.04%	84.59%	-6.55%	-7.74%
BPI FAMILY SAVINGS BANK INC	57.81%	62.67%	-4.86%	-7.76%
CTBC BANK (PHILIPPINES) CORPORATION	17.21%	18.77%	-1.56%	-8.31%
BPI DIRECT SAVINGS BANK INC	24.38%	26.61%	-2.22%	-8.35%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	28.69%	31.38%	-2.69%	-8.58%
BDO PRIVATE BANK, INC.	24.23%	26.63%	-2.40%	-9.01%
INTER-ASIA DEVELOPMENT BANK	249.74%	274.55%	-24.81%	-9.04%
LAND BANK OF THE PHILIPPINES	42.73%	47.36%	-4.63%	-9.77%
HIYAS BANKING CORPORATION	24.02%	26.79%	-2.77%	-10.33%
MALASIQUI PROGRESSIVE SLB, INC	27.32%	30.49%	-3.17%	-10.40%
BANK ONE SAVINGS AND TRUST CORP.	39.46%	44.17%	-4.71%	-10.66%
PHILIPPINE POSTAL SAVINGS BANK INC	68.94%	77.36%	-8.42%	-10.88%
SECURITY BANK CORPORATION	25.94%	29.13%	-3.18%	-10.93%
BDO UNIBANK INC	40.50%	45.47%	-4.97%	-10.93%
ISLA BANK (A THRIFT BANK) INC	7.89%	8.87%	-0.99%	-11.13%
SAMPAGUITA SAVINGS BANK INC	29.51%	33.59%	-4.08%	-12.14%
MARITIME SAVINGS BANK CORPORATION	42.67%	48.93%	-6.26%	-12.79%
QUEZON COCONUT BANK INC (A THRIFT BANK)	28.91%	33.21%	-4.30%	-12.94%
MAYBANK PHILIPPINES INC	31.97%	36.88%	-4.91%	-13.30%
PHILIPPINE TRUST COMPANY	25.61%	29.56%	-3.95%	-13.36%
UNITED COCONUT PLANTERS BANK	379.21%	446.43%	-67.23%	-15.06%
UCPB SAVINGS BANK	55.49%	65.86%	-10.37%	-15.74%
PHILIPPINE NATIONAL BANK	76.41%	91.74%	-15.34%	-16.72%
ASIA UNITED BANK CORPORATION	37.62%	45.92%	-8.30%	-18.08%
LUZON DEVELOPMENT BANK	53.44%	65.30%	-11.86%	-18.17%
FARMERS SAVINGS & LOAN BANK INC	87.22%	107.98%	-20.76%	-19.22%
MERCHANTS SAVINGS & LOAN ASSOCIATION INC	48.72%	61.05%	-12.33%	-20.20%
KOREA EXCHANGE BANK	82.72%	104.74%	-22.02%	-21.03%
THE PALAWAN BANK (PALAWAN DB) INC	64.55%	82.77%	-18.22%	-22.01%
METROPOLITAN BANK & TRUST CO	41.09%	53.46%	-12.37%	-23.14%
HSBC SAVINGS BANK (PHILS) INC	10.63%	15.09%	-4.46%	-29.58%
PHILIPPINE BUSINESS BANK INC A SAVINGS	20.53%	29.74%	-9.20%	-30.95%
MIZUHO BANK LTD - MANILA BRANCH	41.64%	61.52%	-19.88%	-32.32%
THE REAL BANK (A THRIFT BANK) INC	1240.06%	1910.18%	-670.11%	-35.08%
TONG YANG SAVINGS BANK INC	43.38%	76.97%	-33.59%	-43.64%
CITYSTATE SAVINGS BANK INC	25.83%	47.09%	-21.26%	-45.14%
PACIFIC ACE SAVINGS BANK INC	6.10%	11.36%	-5.26%	-46.30%
JP MORGAN CHASE BANK NATIONAL ASSOCIATION	2.10%	4.23%	-2.12%	-50.28%
DEUTSCHE BANK AG	97.50%	205.66%	-108.15%	-52.59%
THE BANK OF TOKYO-MITSUBISHI UFJ LTD	2.66%	11.94%	-9.28%	-77.72%
1ST VALLEY BANK INC A DEVELOPMENT BANK	29.37%	NA	NA	NA
ILOILO CITY DEVELOPMENT BANK	NA	460.68%	NA	NA
MBANK PHILIPPINES	11.02%	NA	NA	NA
Grand Total	59.49%	64.38%	-4.89%	-7.59%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2013 to December 31, 2013
In Php
		December 31, 2013				September 30, 2013				Variance				% 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 %)
THE REAL BANK (A THRIFT BANK) INC	7,658,858,671.42	617,617,621.91	1240.06%		7,715,160,789.58	403,897,117.56	1910.18%		-56,302,118.16	213,720,504.35	-670.11%		-0.73%	52.91%	-35.08%
BANK OF CHINA LIMITED-MANILA BRANCH	6,474,009,509.68	687,867,475.30	941.17%		5,413,268,714.84	677,275,685.72	799.27%		1,060,740,794.84	10,591,789.58	141.90%		19.60%	1.56%	17.75%
COMSAVINGS BANK	1,409,515,860.14	169,764,780.11	830.28%		1,422,981,899.14	324,037,558.21	439.14%		-13,466,039.00	-154,272,778.10	391.13%		-0.95%	-47.61%	89.07%
VILLAGE BANK INC (A THRIFT BANK)	646,328,781.06	87,430,352.92	739.25%		675,361,091.33	86,744,428.80	778.56%		-29,032,310.27	685,924.12	-39.31%		-4.30%	0.79%	-5.05%
UNITED COCONUT PLANTERS BANK	39,058,172,119.20	10,300,012,660.82	379.21%		55,543,220,484.21	12,441,512,075.45	446.43%		-16,485,048,365.01	-2,141,499,414.63	-67.23%		-29.68%	-17.21%	-15.06%
INTER-ASIA DEVELOPMENT BANK	152,658,208.33	61,127,067.06	249.74%		163,061,017.95	59,391,398.86	274.55%		-10,402,809.62	1,735,668.20	-24.81%		-6.38%	2.92%	-9.04%
CITIBANK, N.A.	31,345,241,661.46	12,867,020,795.08	243.61%		25,141,192,359.18	12,988,072,447.69	193.57%		6,204,049,302.28	-121,051,652.61	50.04%		24.68%	-0.93%	25.85%
PLANTERS DEVELOPMENT BANK	9,876,121,359.20	4,533,178,786.23	217.86%		10,419,456,454.45	4,435,504,297.84	234.91%		-543,335,095.25	97,674,488.39	-17.05%		-5.21%	2.20%	-7.26%
STANDARD CHARTERED BANK	6,053,598,067.69	3,033,029,089.73	199.59%		5,478,661,851.26	2,746,581,696.80	199.47%		574,936,216.43	286,447,392.93	0.12%		10.49%	10.43%	0.06%
WORLD PARTNERS BANK (A THRIFT BANK)	310,649,110.01	165,320,245.34	187.91%		286,489,616.65	168,429,784.45	170.09%		24,159,493.36	-3,109,539.11	17.81%		8.43%	-1.85%	10.47%
UNIVERSITY SAVINGS BANK INC	423,377,038.50	239,274,961.57	176.94%		430,972,923.24	237,367,686.97	181.56%		-7,595,884.74	1,907,274.60	-4.62%		-1.76%	0.80%	-2.55%
ENTERPRISE BANK INC (A THRIFT BANK)	398,644,417.05	227,625,329.81	175.13%		344,478,441.68	227,755,866.40	151.25%		54,165,975.37	-130,536.59	23.88%		15.72%	-0.06%	15.79%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	163,382,416.92	103,950,857.21	157.17%		127,142,785.92	99,188,170.54	128.18%		36,239,631.00	4,762,686.67	28.99%		28.50%	4.80%	22.62%
BANK OF COMMERCE	29,650,457,077.49	19,406,106,800.71	152.79%		29,976,714,215.76	18,938,602,086.54	158.28%		-326,257,138.27	467,504,714.17	-5.49%		-1.09%	2.47%	-3.47%
BATAAN DEVELOPMENT BANK	117,549,048.61	77,829,490.82	151.03%		117,485,057.55	77,646,386.19	151.31%		63,991.06	183,104.63	-0.27%		0.05%	0.24%	-0.18%
BUSINESS AND CONSUMERS BANK (A DB)	124,023,754.60	84,101,508.34	147.47%		105,903,430.28	83,997,066.23	126.08%		18,120,324.32	104,442.11	21.39%		17.11%	0.12%	16.96%
PHILIPPINE BANK OF COMMUNICATIONS	6,870,468,436.19	4,674,290,207.54	146.98%		6,890,749,874.58	4,791,505,760.04	143.81%		-20,281,438.39	-117,215,552.50	3.17%		-0.29%	-2.45%	2.21%
EQUICOM SAVINGS BANK INC	728,231,290.84	555,794,079.97	131.03%		727,703,014.07	547,774,008.61	132.85%		528,276.77	8,020,071.36	-1.82%		0.07%	1.46%	-1.37%
RCBC SAVINGS BANK INC	10,144,357,461.20	8,006,173,745.56	126.71%		10,058,255,855.09	8,712,884,410.13	115.44%		86,101,606.11	-706,710,664.57	11.27%		0.86%	-8.11%	9.76%
CHINA BANK SAVINGS INC	1,242,864,554.81	1,039,014,641.03	119.62%		1,182,440,954.77	959,961,776.24	123.18%		60,423,600.04	79,052,864.79	-3.56%		5.11%	8.24%	-2.89%
MICROFINANCE MAXIMUM SB INC	55,052,820.56	54,916,771.27	100.25%		58,289,654.76	55,912,948.55	104.25%		-3,236,834.20	-996,177.28	-4.00%		-5.55%	-1.78%	-3.84%
DEUTSCHE BANK AG	1,507,664,139.92	1,546,247,754.32	97.50%		3,067,613,129.87	1,491,605,872.17	205.66%		-1,559,948,989.95	54,641,882.15	-108.15%		-50.85%	3.66%	-52.59%
PHILIPPINE VETERANS BANK	6,797,613,137.82	7,028,324,797.93	96.72%		5,733,865,663.16	7,003,198,360.29	81.87%		1,063,747,474.66	25,126,437.64	14.84%		18.55%	0.36%	18.13%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,141,252,662.26	1,273,775,693.89	89.60%		1,148,117,700.55	1,231,401,672.29	93.24%		-6,865,038.29	42,374,021.60	-3.64%		-0.60%	3.44%	-3.90%
CITIBANK SAVINGS INC	3,359,190,761.51	3,752,623,823.14	89.52%		3,911,964,323.92	4,176,845,927.32	93.66%		-552,773,562.41	-424,222,104.18	-4.14%		-14.13%	-10.16%	-4.42%
PHILIPPINE RESOURCES SAVINGS BANKING	1,334,493,818.24	1,496,007,114.51	89.20%		1,319,931,767.03	1,571,917,417.14	83.97%		14,562,051.21	-75,910,302.63	5.23%		1.10%	-4.83%	6.23%
PHILIPPINE SAVINGS BANK	14,753,334,392.36	16,721,608,527.38	88.23%		15,046,424,358.93	17,859,204,813.32	84.25%		-293,089,966.57	-1,137,596,285.94	3.98%		-1.95%	-6.37%	4.72%
FARMERS SAVINGS & LOAN BANK INC	105,348,188.82	120,781,764.62	87.22%		130,055,952.50	120,445,949.31	107.98%		-24,707,763.68	335,815.31	-20.76%		-19.00%	0.28%	-19.22%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,819,765,393.73	2,184,688,001.97	83.30%		1,833,655,851.68	2,127,596,805.78	86.18%		-13,890,457.95	57,091,196.19	-2.89%		-0.76%	2.68%	-3.35%
WEALTH DEVELOPMENT BANK CORPORATION	370,050,663.22	445,387,684.02	83.09%		233,115,363.84	437,282,929.29	53.31%		136,935,299.38	8,104,754.73	29.78%		58.74%	1.85%	55.85%
KOREA EXCHANGE BANK	477,178,675.94	576,874,833.55	82.72%		618,431,872.89	590,448,140.37	104.74%		-141,253,196.95	-13,573,306.82	-22.02%		-22.84%	-2.30%	-21.03%
DUMAGUETE CITY DEVELOPMENT BANK INC	184,731,909.15	223,461,033.96	82.67%		183,925,657.58	223,461,033.96	82.31%		806,251.57	0.00	0.36%		0.44%	0.00%	0.44%
SECURITY BANK SAVINGS CORPORATION	1,535,759,372.07	1,865,593,388.29	82.32%		1,538,812,362.37	1,769,284,078.33	86.97%		-3,052,990.30	96,309,309.96	-4.65%		-0.20%	5.44%	-5.35%
MEGA INTERNATIONAL COMMERCIAL BANK CO LTD	636,077,119.49	815,063,759.54	78.04%		686,858,403.72	812,000,716.20	84.59%		-50,781,284.23	3,063,043.34	-6.55%		-7.39%	0.38%	-7.74%
UNION BANK OF THE PHILIPPINES	39,033,031,812.99	50,105,002,868.05	77.90%		36,613,243,745.76	50,253,147,440.40	72.86%		2,419,788,067.23	-148,144,572.35	5.04%		6.61%	-0.29%	6.92%
PHILIPPINE NATIONAL BANK	67,738,615,228.35	88,657,028,404.88	76.41%		76,785,231,643.09	83,697,635,640.24	91.74%		-9,046,616,414.74	4,959,392,764.64	-15.34%		-11.78%	5.93%	-16.72%
HONGKONG & SHANGHAI BANKING CORPORATION	4,019,099,168.92	5,347,398,652.15	75.16%		4,165,810,871.04	5,114,880,317.76	81.44%		-146,711,702.12	232,518,334.39	-6.29%		-3.52%	4.55%	-7.72%
BPI GLOBE BANKO INC A SAVINGS BANK	445,625,785.59	593,397,946.28	75.10%		320,513,187.65	578,113,217.91	55.44%		125,112,597.94	15,284,728.37	19.66%		39.04%	2.64%	35.45%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	218,390,183.28	290,958,063.44	75.06%		194,024,757.32	286,197,997.27	67.79%		24,365,425.96	4,760,066.17	7.27%		12.56%	1.66%	10.72%
PHILIPPINE POSTAL SAVINGS BANK INC	633,258,006.15	918,613,955.58	68.94%		705,484,446.61	911,995,295.61	77.36%		-72,226,440.46	6,618,659.97	-8.42%		-10.24%	0.73%	-10.88%
PRIDE STAR DEVELOPMENT BANK INC	49,861,438.05	75,980,514.74	65.62%		48,775,776.70	74,397,380.79	65.56%		1,085,661.35	1,583,133.95	0.06%		2.23%	2.13%	0.10%
NORTHPOINT DEV'T BANK INC	54,526,401.61	83,568,781.61	65.25%		57,809,921.89	83,322,600.83	69.38%		-3,283,520.28	246,180.78	-4.13%		-5.68%	0.30%	-5.96%
EAST WEST BANKING CORP	13,168,626,182.26	20,386,434,312.57	64.60%		13,015,329,477.60	20,596,543,042.02	63.19%		153,296,704.66	-210,108,729.45	1.40%		1.18%	-1.02%	2.22%
THE PALAWAN BANK (PALAWAN DB) INC	23,218,567.73	35,969,012.75	64.55%		22,498,424.20	27,180,689.84	82.77%		720,143.53	8,788,322.91	-18.22%		3.20%	32.33%	-22.01%
PRODUCERS SAVINGS BANK CORPORATION	714,824,087.66	1,113,407,913.24	64.20%		721,287,681.92	1,095,533,079.50	65.84%		-6,463,594.26	17,874,833.74	-1.64%		-0.90%	1.63%	-2.49%
BPI FAMILY SAVINGS BANK INC	10,741,789,222.05	18,581,283,691.41	57.81%		11,500,930,522.92	18,350,578,929.29	62.67%		-759,141,300.87	230,704,762.12	-4.86%		-6.60%	1.26%	-7.76%
UNITED OVERSEAS BANK PHILIPPINES	784,589,805.42	1,375,216,457.82	57.05%		795,407,486.84	1,370,055,770.87	58.06%		-10,817,681.42	5,160,686.95	-1.00%		-1.36%	0.38%	-1.73%
UCPB SAVINGS BANK	1,684,608,285.79	3,035,715,339.35	55.49%		1,729,133,604.01	2,625,532,458.92	65.86%		-44,525,318.22	410,182,880.43	-10.37%		-2.58%	15.62%	-15.74%
DUNGGANON BANK (A MICROFINANCE THRIFT	50,960,373.50	92,876,893.49	54.87%		22,705,007.98	91,281,109.97	24.87%		28,255,365.52	1,595,783.52	30.00%		124.45%	1.75%	120.59%
METRO CEBU PUBLIC SAVINGS BANK	35,950,308.48	65,999,333.92	54.47%		26,478,265.34	64,737,773.49	40.90%		9,472,043.14	1,261,560.43	13.57%		35.77%	1.95%	33.18%
LUZON DEVELOPMENT BANK	267,586,333.03	500,708,076.86	53.44%		327,201,027.28	501,040,949.74	65.30%		-59,614,694.25	-332,872.88	-11.86%		-18.22%	-0.07%	-18.17%
MERCHANTS SAVINGS & LOAN ASSOCIATION INC	266,921,066.36	547,873,402.38	48.72%		290,325,896.77	475,529,722.81	61.05%		-23,404,830.41	72,343,679.57	-12.33%		-8.06%	15.21%	-20.20%
RIZAL COMMERCIAL BANKING CORP	20,816,034,838.07	44,894,874,885.17	46.37%		16,754,136,210.87	45,470,229,139.28	36.85%		4,061,898,627.20	-575,354,254.11	9.52%		24.24%	-1.27%	25.84%
DEVELOPMENT BANK OF THE PHILIPPINES	17,108,255,708.97	37,125,961,483.18	46.08%		14,665,460,909.57	36,963,006,438.33	39.68%		2,442,794,799.40	162,955,044.85	6.41%		16.66%	0.44%	16.14%
ALLIED SAVINGS BANK	482,159,150.60	1,070,923,264.94	45.02%		510,262,451.05	1,046,384,945.13	48.76%		-28,103,300.45	24,538,319.81	-3.74%		-5.51%	2.35%	-7.67%
ROBINSONS BANK CORPORATION	2,317,192,575.77	5,176,785,182.12	44.76%		2,154,953,015.15	6,083,919,644.63	35.42%		162,239,560.62	-907,134,462.51	9.34%		7.53%	-14.91%	26.37%
TONG YANG SAVINGS BANK INC	224,036,467.01	516,428,342.05	43.38%		396,614,641.76	515,251,334.74	76.97%		-172,578,174.75	1,177,007.31	-33.59%		-43.51%	0.23%	-43.64%
CHINA BANKING CORPORATION	20,733,806,179.20	47,996,880,610.80	43.20%		18,226,008,333.13	43,074,933,075.29	42.31%		2,507,797,846.07	4,921,947,535.51	0.89%		13.76%	11.43%	2.09%
LIFE SAVINGS BANK INC	28,545,676.90	66,353,767.56	43.02%		25,968,357.07	66,353,767.56	39.14%		2,577,319.83	0.00	3.88%		9.92%	0.00%	9.92%
LAND BANK OF THE PHILIPPINES	23,899,313,940.93	55,932,170,783.19	42.73%		26,999,014,112.39	57,010,913,487.30	47.36%		-3,099,700,171.46	-1,078,742,704.11	-4.63%		-11.48%	-1.89%	-9.77%
MARITIME SAVINGS BANK CORPORATION	30,120,796.16	70,584,513.90	42.67%		34,046,749.31	69,581,122.89	48.93%		-3,925,953.15	1,003,391.01	-6.26%		-11.53%	1.44%	-12.79%
MIZUHO BANK LTD - MANILA BRANCH	709,953,460.71	1,704,943,963.71	41.64%		1,011,737,506.90	1,644,448,818.10	61.52%		-301,784,046.19	60,495,145.61	-19.88%		-29.83%	3.68%	-32.32%
FIRST CONSOLIDATED BANK INC (A PDB)	940,535,036.98	2,275,046,263.65	41.34%		975,775,037.25	2,275,152,006.57	42.89%		-35,240,000.27	-105,742.92	-1.55%		-3.61%	0.00%	-3.61%
METROPOLITAN BANK & TRUST CO	56,006,900,007.68	136,308,328,561.06	41.09%		59,876,031,770.04	111,999,909,833.93	53.46%		-3,869,131,762.36	24,308,418,727.13	-12.37%		-6.46%	21.70%	-23.14%
CORDILLERA SAVINGS BANK INC	49,506,779.34	120,993,917.19	40.92%		46,647,449.54	111,967,588.52	41.66%		2,859,329.80	9,026,328.67	-0.74%		6.13%	8.06%	-1.79%
BDO UNIBANK INC	68,015,916,724.16	167,933,860,670.95	40.50%		78,059,729,984.81	171,664,281,366.41	45.47%		-10,043,813,260.65	-3,730,420,695.46	-4.97%		-12.87%	-2.17%	-10.93%
PAMPANGA DEVELOPMENT BANK	51,917,775.03	129,705,015.33	40.03%		46,994,746.30	117,517,088.00	39.99%		4,923,028.73	12,187,927.33	0.04%		10.48%	10.37%	0.09%
BANK OF THE PHILIPPINE ISLANDS	38,436,994,704.90	96,728,666,469.42	39.74%		40,596,453,389.99	98,934,355,228.89	41.03%		-2,159,458,685.09	-2,205,688,759.47	-1.30%		-5.32%	-2.23%	-3.16%
BANK ONE SAVINGS AND TRUST CORP.	211,753,053.96	536,648,276.23	39.46%		236,390,840.15	535,201,269.17	44.17%		-24,637,786.19	1,447,007.06	-4.71%		-10.42%	0.27%	-10.66%
ANZ BANKING GROUP LTD	942,624,333.28	2,470,064,525.73	38.16%		1,016,483,632.16	2,474,333,079.88	41.08%		-73,859,298.88	-4,268,554.15	-2.92%		-7.27%	-0.17%	-7.11%
ASIA UNITED BANK CORPORATION	7,346,371,080.11	19,529,598,162.27	37.62%		8,601,758,825.22	18,733,147,083.25	45.92%		-1,255,387,745.11	796,451,079.02	-8.30%		-14.59%	4.25%	-18.08%
CITY SAVINGS BANK INC	875,689,037.22	2,611,202,131.58	33.54%		539,226,901.22	2,565,461,612.04	21.02%		336,462,136.00	45,740,519.54	12.52%		62.40%	1.78%	59.55%
MAYBANK PHILIPPINES INC	3,418,413,803.11	10,691,946,465.00	31.97%		3,322,085,909.67	9,008,257,701.36	36.88%		96,327,893.44	1,683,688,763.64	-4.91%		2.90%	18.69%	-13.30%
SAMPAGUITA SAVINGS BANK INC	23,272,550.56	78,867,526.48	29.51%		26,573,512.53	79,121,079.46	33.59%		-3,300,961.97	-253,552.98	-4.08%		-12.42%	-0.32%	-12.14%
1ST VALLEY BANK INC A DEVELOPMENT BANK	319,884,714.28	1,089,331,888.45	29.37%		NA	NA	NA		NA	NA	NA		NA	NA	NA
QUEZON COCONUT BANK INC (A THRIFT BANK)	16,836,417.24	58,239,382.25	28.91%		19,374,239.68	58,343,632.25	33.21%		-2,537,822.44	-104,250.00	-4.30%		-13.10%	-0.18%	-12.94%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	196,098,945.52	683,600,672.25	28.69%		214,811,265.92	684,569,581.75	31.38%		-18,712,320.40	-968,909.50	-2.69%		-8.71%	-0.14%	-8.58%
MALASIQUI PROGRESSIVE SLB, INC	16,531,661.83	60,505,691.07	27.32%		17,983,120.50	58,975,324.14	30.49%		-1,451,458.67	1,530,366.93	-3.17%		-8.07%	2.59%	-10.40%
INTERNATIONALE NEDERLANDEN GROEP BK	725,943,158.24	2,667,503,858.26	27.21%		725,943,158.24	2,667,503,858.26	27.21%		0.00	0.00	0.00%		0.00%	0.00%	0.00%
SECURITY BANK CORPORATION	9,826,611,445.93	37,876,804,493.66	25.94%		11,251,423,404.88	38,628,238,040.19	29.13%		-1,424,811,958.95	-751,433,546.53	-3.18%		-12.66%	-1.95%	-10.93%
CITYSTATE SAVINGS BANK INC	204,311,720.59	790,996,767.32	25.83%		379,647,151.33	806,301,387.22	47.09%		-175,335,430.74	-15,304,619.90	-21.26%		-46.18%	-1.90%	-45.14%
PHILIPPINE TRUST COMPANY	4,717,915,714.74	18,421,300,653.21	25.61%		5,445,750,190.52	18,423,173,545.16	29.56%		-727,834,475.78	-1,872,891.95	-3.95%		-13.37%	-0.01%	-13.36%
BPI DIRECT SAVINGS BANK INC	234,019,747.50	959,699,370.21	24.38%		253,361,879.37	952,277,854.73	26.61%		-19,342,131.87	7,421,515.48	-2.22%		-7.63%	0.78%	-8.35%
BDO PRIVATE BANK, INC.	1,284,177,777.07	5,299,706,623.13	24.23%		1,406,396,905.18	5,281,205,927.12	26.63%		-122,219,128.11	18,500,696.01	-2.40%		-8.69%	0.35%	-9.01%
HIYAS BANKING CORPORATION	41,752,813.86	173,831,800.64	24.02%		45,341,370.75	169,268,776.65	26.79%		-3,588,556.89	4,563,023.99	-2.77%		-7.91%	2.70%	-10.33%
LEMERY SAVINGS & LOAN BANK, INC.	17,148,094.40	73,922,873.28	23.20%		16,236,665.02	71,094,084.23	22.84%		911,429.38	2,828,789.05	0.36%		5.61%	3.98%	1.57%
TOWER DEVELOPMENT BANK	23,635,654.89	114,305,443.14	20.68%		24,432,001.05	114,305,443.14	21.37%		-796,346.16	0.00	-0.70%		-3.26%	0.00%	-3.26%
PHILIPPINE BUSINESS BANK INC A SAVINGS	1,595,193,072.99	7,768,677,209.19	20.53%		2,292,258,613.08	7,708,104,210.04	29.74%		-697,065,540.09	60,572,999.15	-9.20%		-30.41%	0.79%	-30.95%
CARD SME BANK INC A THRIFT BANK	55,045,312.27	269,353,237.08	20.44%		45,763,266.29	241,492,678.42	18.95%		9,282,045.98	27,860,558.66	1.49%		20.28%	11.54%	7.84%
OPTIMUM DEVELOPMENT BANK INC	128,866,945.71	721,724,742.05	17.86%		94,351,230.29	721,724,742.05	13.07%		34,515,715.42	0.00	4.78%		36.58%	0.00%	36.58%
CTBC BANK (PHILIPPINES) CORPORATION	1,156,656,735.34	6,721,688,370.33	17.21%		1,242,715,467.56	6,621,899,085.40	18.77%		-86,058,732.22	99,789,284.93	-1.56%		-6.93%	1.51%	-8.31%
BATAAN SAVINGS AND LOAN BANK	10,683,545.57	73,639,250.93	14.51%		10,702,580.89	71,545,429.60	14.96%		-19,035.32	2,093,821.33	-0.45%		-0.18%	2.93%	-3.02%
MBANK PHILIPPINES	22,918,976.48	207,926,965.58	11.02%		NA	NA	NA		NA	NA	NA		NA	NA	NA
HSBC SAVINGS BANK (PHILS) INC	279,344,219.56	2,628,939,606.37	10.63%		414,561,724.79	2,747,492,714.64	15.09%		-135,217,505.23	-118,553,108.27	-4.46%		-32.62%	-4.31%	-29.58%
SUN SAVINGS BANK INC	9,459,407.98	106,922,612.14	8.85%		8,275,788.09	106,281,667.66	7.79%		1,183,619.89	640,944.48	1.06%		14.30%	0.60%	13.62%
CENTURY SAVINGS BANK CORPORATION	74,847,001.80	897,543,805.05	8.34%		77,842,097.76	895,985,103.05	8.69%		-2,995,095.96	1,558,702.00	-0.35%		-3.85%	0.17%	-4.01%
ISLA BANK (A THRIFT BANK) INC	50,469,954.07	639,972,124.71	7.89%		56,791,992.79	639,992,124.71	8.87%		-6,322,038.72	-20,000.00	-0.99%		-11.13%	0.00%	-11.13%
PACIFIC ACE SAVINGS BANK INC	4,637,175.48	76,004,399.27	6.10%		9,026,192.63	79,443,628.36	11.36%		-4,389,017.15	-3,439,229.09	-5.26%		-48.63%	-4.33%	-46.30%
BANK OF AMERICA N.A.	35,005,723.90	607,196,709.20	5.77%		20,629,014.25	607,196,709.20	3.40%		14,376,709.65	0.00	2.37%		69.69%	0.00%	69.69%
BDO ELITE SAVINGS BANK INC	86,156,674.50	1,546,549,042.92	5.57%		90,592,139.37	1,546,549,042.92	5.86%		-4,435,464.87	0.00	-0.29%		-4.90%	0.00%	-4.90%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	23,810,244.51	445,345,926.52	5.35%		21,143,134.94	445,966,783.26	4.74%		2,667,109.57	-620,856.74	0.61%		12.61%	-0.14%	12.77%
PROGRESS SAVINGS AND LOAN BANK INC	4,222,380.16	83,310,687.78	5.07%		4,320,318.14	84,145,795.60	5.13%		-97,937.98	-835,107.82	-0.07%		-2.27%	-0.99%	-1.29%
BANGKOK BANK PUBLIC CO LTD	52,291,752.55	1,265,156,864.50	4.13%		54,047,048.77	1,249,396,547.00	4.33%		-1,755,296.22	15,760,317.50	-0.19%		-3.25%	1.26%	-4.45%
THE BANK OF TOKYO-MITSUBISHI UFJ LTD	60,696,648.87	2,280,627,961.84	2.66%		272,161,548.52	2,278,627,961.84	11.94%		-211,464,899.65	2,000,000.00	-9.28%		-77.70%	0.09%	-77.72%
JP MORGAN CHASE BANK NATIONAL ASSOCIATION	29,584,127.16	1,408,167,950.00	2.10%		59,290,293.55	1,403,159,400.00	4.23%		-29,706,166.39	5,008,550.00	-2.12%		-50.10%	0.36%	-50.28%
ILOILO CITY DEVELOPMENT BANK	NA	NA	NA		341,216,296.97	74,068,482.77	460.68%		NA	NA	NA		NA	NA	NA
Grand Total	610,831,575,602.35	1,026,838,650,829.81	59.49%		644,112,699,026.45	1,000,558,496,062.94	64.38%		-33,281,123,424.10	26,280,154,766.87	-4.89%		-5.17%	2.63%	-7.59%

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, 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.