Standard Chartered Bank Ranks Second in Non-Performing Loans as % of Capital Funds as of June 30, 2014

Editor's Note: Data is culled from  the Published Statements of Condition of individual Philippine Banks found in www.bsp.gov.ph.  Banks highlighted in yellow are classified as Distressed Banks.   The level of distress is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of June 30, 2014.  See a previous blog post:  Philippine Banks Deteriorate in the 2nd Qtr. of 2014 or "The Top Distressed Philippine Banks as of June 30, 2014"

This blog post updates previous blog posts such as "Philippine Savings Bank Ranks Number One in Past Due DOSRI Loans as % of DOSRI Loans as of March 31, 2014"


NPLs.  Short for Non-Performing Loans.  The NPL Ratio, or the ratio of a bank's Non-Performing Loans (NPL) to Total Loan Portfolio (TLP) is a frequently cited figure in the general media to indicate a bank's financial health, or the health of the banking system as a whole.  See: "Banks reduce exposure to bad debts, have more cash to loan out—BSP".

In the Philippine Banking Industry, Gross Non-Performing Loans stood at Php 119.321 billion as of June 30, 2014 - approximately 2.35% of the Philippine Banking Industry's Total Loan Portfolio of Php 5.072 trillion.

Philippine Banking System
NPL as % of TLP
June 30, 2014
	Gross NPLs	Gross TLP	Gross NPL/ Gross TLP
Bank	(In Php)	(In Php)	(In %)
COMSAVINGS BANK	191,248,204.56	237,067,451.06	80.67%
UNITED OVERSEAS BANK PHILIPPINES	665,371,386.65	969,414,965.71	68.64%
SAMPAGUITA SAVINGS BANK INC	26,518,966.62	48,447,534.73	54.74%
PROGRESS SAVINGS AND LOAN BANK INC	1,217,809.04	2,316,731.56	52.57%
MALASIQUI PROGRESSIVE SLB, INC	19,257,920.25	46,542,402.25	41.38%
BPI GLOBE BANKO INC A SAVINGS BANK	380,810,052.97	935,783,525.59	40.69%
WORLD PARTNERS BANK (A THRIFT BANK)	156,140,300.23	433,202,253.09	36.04%
LEGAZPI SAVINGS BANK INC	343,109,718.52	1,182,043,711.82	29.03%
NORTHPOINT DEV'T BANK INC	37,886,142.07	140,441,004.56	26.98%
METRO CEBU PUBLIC SAVINGS BANK	20,310,867.79	75,758,390.68	26.81%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	28,622,510.92	115,023,341.65	24.88%
PRIDE STAR DEVELOPMENT BANK INC	8,744,472.07	36,984,293.16	23.64%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	62,793,100.02	272,794,794.03	23.02%
FARMERS SAVINGS & LOAN BANK INC	47,638,664.30	248,172,663.67	19.20%
PAMPANGA DEVELOPMENT BANK	44,254,205.99	230,935,763.67	19.16%
TONGYANG SAVINGS BANK INC	110,617,410.43	610,590,870.94	18.12%
MICROFINANCE MAXIMUM SB INC	2,775,600.08	15,361,428.87	18.07%
MALAYAN BANK SAVINGS AND MORT BANK INC	572,748,780.92	4,254,601,035.93	13.46%
LIFE SAVINGS BANK INC	9,666,525.59	79,502,047.18	12.16%
LEMERY SAVINGS & LOAN BANK, INC.	7,724,884.86	64,860,908.82	11.91%
BUSINESS AND CONSUMERS BANK (A DB)	15,865,917.33	134,688,958.88	11.78%
PLANTERS DEVELOPMENT BANK	3,510,296,829.98	31,706,669,288.00	11.07%
MARITIME SAVINGS BANK CORPORATION	14,923,853.25	135,723,322.15	11.00%
HIYAS BANKING CORPORATION	21,202,761.24	201,072,976.93	10.54%
PACIFIC ACE SAVINGS BANK INC	2,030,877.00	19,627,970.89	10.35%
CORDILLERA SAVINGS BANK INC	17,061,634.00	177,119,268.33	9.63%
UNION BANK OF THE PHILS	9,851,315,969.97	103,591,124,814.82	9.51%
BATAAN DEVELOPMENT BANK	17,242,964.32	192,636,701.83	8.95%
EQUICOM SAVINGS BANK INC	337,344,313.69	3,795,164,190.49	8.89%
PHIL POSTAL SAVINGS BANK INC	450,558,007.83	5,347,300,103.75	8.43%
INTER-ASIA DEVELOPMENT BANK	8,594,208.64	102,989,252.71	8.34%
LUZON DEVELOPMENT BANK	205,386,492.11	2,592,162,228.57	7.92%
DUMAGUETE CITY DEV BANK INC	36,993,882.52	475,730,648.81	7.78%
WEALTH DEVELOPMENT BANK CORPORATION	209,527,437.82	2,711,560,499.08	7.73%
STANDARD CHARTERED BANK	2,695,618,727.90	37,765,933,062.45	7.14%
UNIVERSITY SAVINGS BANK INC	28,825,541.35	426,787,270.82	6.75%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	561,024,042.58	8,339,558,220.14	6.73%
CITYSTATE SAVINGS BANK INC	117,088,935.20	1,766,894,165.06	6.63%
BANK OF COMMERCE	2,910,449,718.05	44,117,486,695.46	6.60%
SECURITY BANK SAVINGS CORPORATION	600,925,489.67	9,356,484,102.78	6.42%
FIRST CONSOLIDATED BANK INC (A PDB)	479,052,552.83	7,620,243,384.74	6.29%
QUEZON COCONUT BANK INC (A THRIFT BANK)	2,197,241.35	35,006,993.60	6.28%
ALLIED SAVINGS BANK	500,152,913.46	8,069,424,979.49	6.20%
THE PALAWAN BANK (PALAWAN DB) INC	13,679,793.00	220,891,016.84	6.19%
TOWER DEVELOPMENT BANK	12,448,940.29	204,634,717.95	6.08%
VILLAGE BANK INC (A THRIFT BANK)	21,234,993.83	358,426,320.06	5.92%
PHILIPPINE VETERANS BANK	803,725,714.93	13,599,238,843.49	5.91%
UNITED COCONUT PLANTERS BANK	5,789,807,611.16	101,039,985,133.96	5.73%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	858,715,671.59	15,010,980,394.55	5.72%
CENTURY SAVINGS BANK CORPORATION	36,286,160.53	650,473,852.37	5.58%
PHIL BANK OF COMMUNICATIONS	1,301,109,960.55	23,342,525,324.23	5.57%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	93,194,418.99	1,680,805,715.87	5.54%
ENTERPRISE BANK INC (A THRIFT BANK)	83,558,761.35	1,540,768,313.05	5.42%
BATAAN SAVINGS AND LOAN BANK	2,160,189.36	41,917,011.86	5.15%
PRODUCERS SAVINGS BANK CORPORATION	262,893,457.71	5,235,548,062.53	5.02%
RCBC SAVINGS BANK INC	2,402,636,127.37	49,220,759,174.50	4.88%
EAST WEST BANKING CORP	4,541,358,672.92	104,001,998,923.19	4.37%
UCPB SAVINGS BANK	443,571,417.59	10,658,314,361.99	4.16%
PHIL NATIONAL BANK	10,658,942,086.40	257,217,593,426.00	4.14%
1ST VALLEY BANK INC A DEVELOPMENT BANK	229,969,316.89	5,623,331,142.54	4.09%
CHINA BANK SAVINGS INC	476,867,642.57	12,190,399,720.33	3.91%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	40,938,529.63	1,058,046,447.67	3.87%
MAYBANK PHILIPPINES INC	1,378,051,563.58	41,029,216,839.99	3.36%
DEVELOPMENT BANK OF THE PHIL	5,027,864,479.68	153,112,560,780.71	3.28%
PHIL SAVINGS BANK	3,594,733,281.93	111,252,224,476.11	3.23%
SUN SAVINGS BANK INC	7,929,099.28	255,994,918.58	3.10%
BPI FAMILY SAVINGS BANK INC	4,762,753,021.27	155,678,280,550.65	3.06%
HONGKONG & SHANGHAI BANKING CORP	1,284,388,818.19	48,998,382,615.84	2.62%
BANK ONE SAVINGS AND TRUST CORP.	15,304,127.53	593,415,746.67	2.58%
CARD SME BANK INC A THRIFT BANK	25,092,689.59	1,040,876,511.09	2.41%
OPTIMUM DEVELOPMENT BANK INC	16,717,877.39	711,378,914.91	2.35%
CTBC BANK (PHILIPPINES) CORP	383,611,264.60	16,341,251,694.62	2.35%
MERCHANTS SAVINGS & LOAN ASSN INC	4,917,002.76	211,053,907.01	2.33%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	770,221,304.39	33,832,207,255.68	2.28%
PHIL TRUST COMPANY	1,136,024,377.76	50,957,921,564.39	2.23%
LAND BANK OF THE PHILIPPINES	7,513,826,163.99	356,104,149,164.24	2.11%
ROBINSONS BANK CORPORATION	493,361,960.72	24,506,578,197.28	2.01%
CHINA BANKING CORP	4,241,788,759.14	224,216,022,806.91	1.89%
ASIA UNITED BANK CORPORATION	1,000,233,421.51	54,286,402,147.28	1.84%
BDO UNIBANK INC	17,868,067,253.39	1,017,493,392,373.70	1.76%
BANK OF THE PHIL ISLANDS	8,291,551,975.99	544,214,208,460.57	1.52%
BPI DIRECT SAVINGS BANK INC	118,877,307.16	9,065,324,732.54	1.31%
RIZAL COMM'L BANKING CORP	2,151,334,878.51	182,449,170,604.27	1.18%
CITY SAVINGS BANK INC	310,401,587.69	34,321,773,492.41	0.90%
CITIBANK, N.A.	1,249,411,783.97	158,986,525,490.22	0.79%
SECURITY BANK CORP	1,113,417,377.10	163,157,815,377.26	0.68%
KOREA EXCHANGE BANK	23,650,175.60	3,592,688,376.33	0.66%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	1,092,048.97	201,243,142.76	0.54%
METROPOLITAN BANK & TCO	3,050,129,110.82	575,218,061,741.37	0.53%
HSBC SAVINGS BANK(PHILS) INC	45,347,213.20	13,694,195,396.65	0.33%
BANK OF CHINA LIMITED-MANILA BRANCH	8,660,895.91	7,741,599,479.72	0.11%
ANZ BANKING GROUP LTD	23,339,114.85	26,071,432,090.96	0.09%
BANGKOK BANK PUBLIC CO LTD	4,834,155.55	6,205,123,905.43	0.08%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	20,602,629,934.63	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	89.30	29,292,018,118.16	0.00%
BANK OF AMERICA N.A.	4.00	4,588,791,628.64	0.00%
BDO PRIVATE BANK, INC.	0.00	7,879,297,983.10	0.00%
DEUTSCHE BANK AG	0.00	45,147,917,697.82	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	663,616,113.32	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	8,981,619,477.78	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	21,715,192,076.27	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	35,520,609,421.20	0.00%
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
CITIBANK SAVINGS INC	0.00	0.00	NA
Grand Total	119,321,906,373.17	5,071,510,037,328.80	2.35%

Source: www.bsp.gov.ph

There are seven Philippine Banks with an Gross NPL Ratio greater than 30% of Total Loan Portfolio  (TLP).  These are as follows:

1. Comsavings Bank (80.67% of TLP)
2. United Overseas Bank Philippines (68.64% of TLP)
3. Sampaguita Savings Bank Inc. (54.74% of TLP)
4. Progress Savings and Loan Bank Inc. (52.57% of TLP)
5. Malasiqui Progressive SLB, Inc. (41.38% of TLP)
6. BPI Globe Banko Inc. (40.69% of TLP)
7. World Partners Bank (36.04% of TLP)

Of these banks, two banks are considered distressed:

1. Comsavings Bank (formerly GSIS Family Bank)
2. BPI Globe Banko Inc.

The ratio of a bank's NPLs to its total Stockholders Equity (SE) maybe more important than the ratio of its NPLs to Total Loan Portfolio.  The idea behind this is that NPLs are fragile things.  As a loan deteriorates, its recoverable value will deteriorate as well.  A foreclosure will most likely result in a loan recovery that is a fraction of the loans original value.  Therefore, banks with high NPL Ratios relative to their Stockholders Equity may face a significant loss of capital if a substantial amount of their NPLs are written of as a loss.

On an overall basis, the Gross NPLs of Philippine Banks amounted to 11.29% of Stockholders Equity as of June 30, 2014.

Philippine Banking System
NPL as % of SE
June 30, 2014
	NPL	SE	NPL/SE
Bank	(In PHP)	(In PHP)	(In %)
WORLD PARTNERS BANK (A THRIFT BANK)	156,140,300.23	66,020,653.87	236.50%
STANDARD CHARTERED BANK	2,695,618,727.90	1,253,487,031.91	215.05%
COMSAVINGS BANK	191,248,204.56	120,677,859.83	158.48%
BPI GLOBE BANKO INC A SAVINGS BANK	380,810,052.97	246,665,785.77	154.38%
PLANTERS DEVELOPMENT BANK	3,510,296,829.98	2,770,525,271.24	126.70%
LEGAZPI SAVINGS BANK INC	343,109,718.52	334,365,431.73	102.62%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	62,793,100.02	69,372,692.46	90.52%
EQUICOM SAVINGS BANK INC	337,344,313.69	538,925,750.57	62.60%
SECURITY BANK SAVINGS CORPORATION	600,925,489.67	1,019,390,301.56	58.95%
MALAYAN BANK SAVINGS AND MORT BANK INC	572,748,780.92	1,028,955,335.76	55.66%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	858,715,671.59	1,547,193,472.97	55.50%
WEALTH DEVELOPMENT BANK CORPORATION	209,527,437.82	390,594,149.30	53.64%
UNITED OVERSEAS BANK PHILIPPINES	665,371,386.65	1,287,218,129.23	51.69%
ALLIED SAVINGS BANK	500,152,913.46	1,007,522,889.56	49.64%
PHIL POSTAL SAVINGS BANK INC	450,558,007.83	941,281,642.79	47.87%
THE PALAWAN BANK (PALAWAN DB) INC	13,679,793.00	28,960,778.80	47.24%
SAMPAGUITA SAVINGS BANK INC	26,518,966.62	57,136,102.65	46.41%
FARMERS SAVINGS & LOAN BANK INC	47,638,664.30	116,029,094.22	41.06%
LUZON DEVELOPMENT BANK	205,386,492.11	510,323,390.11	40.25%
ENTERPRISE BANK INC (A THRIFT BANK)	83,558,761.35	215,307,197.40	38.81%
NORTHPOINT DEV'T BANK INC	37,886,142.07	104,178,008.09	36.37%
PAMPANGA DEVELOPMENT BANK	44,254,205.99	122,977,750.65	35.99%
MALASIQUI PROGRESSIVE SLB, INC	19,257,920.25	54,765,674.18	35.16%
RCBC SAVINGS BANK INC	2,402,636,127.37	6,842,294,050.02	35.11%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	93,194,418.99	286,950,829.09	32.48%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	28,622,510.92	90,312,215.44	31.69%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	561,024,042.58	1,770,632,368.82	31.68%
METRO CEBU PUBLIC SAVINGS BANK	20,310,867.79	64,946,349.31	31.27%
TONGYANG SAVINGS BANK INC	110,617,410.43	387,360,153.54	28.56%
VILLAGE BANK INC (A THRIFT BANK)	21,234,993.83	74,858,306.64	28.37%
UNITED COCONUT PLANTERS BANK	5,789,807,611.16	20,882,259,694.88	27.73%
PHIL BANK OF COMMUNICATIONS	1,301,109,960.55	5,194,240,289.85	25.05%
BATAAN DEVELOPMENT BANK	17,242,964.32	68,845,166.07	25.05%
BPI FAMILY SAVINGS BANK INC	4,762,753,021.27	19,607,082,053.13	24.29%
CHINA BANK SAVINGS INC	476,867,642.57	1,982,007,109.53	24.06%
MARITIME SAVINGS BANK CORPORATION	14,923,853.25	63,350,757.17	23.56%
UNION BANK OF THE PHILS	9,851,315,969.97	42,715,477,296.24	23.06%
EAST WEST BANKING CORP	4,541,358,672.92	19,982,806,197.40	22.73%
PHIL SAVINGS BANK	3,594,733,281.93	15,888,557,293.01	22.62%
PRODUCERS SAVINGS BANK CORPORATION	262,893,457.71	1,215,452,192.66	21.63%
BANK OF COMMERCE	2,910,449,718.05	13,804,019,099.41	21.08%
HONGKONG & SHANGHAI BANKING CORP	1,284,388,818.19	6,128,617,011.95	20.96%
1ST VALLEY BANK INC A DEVELOPMENT BANK	229,969,316.89	1,097,657,583.44	20.95%
BUSINESS AND CONSUMERS BANK (A DB)	15,865,917.33	83,350,906.55	19.04%
FIRST CONSOLIDATED BANK INC (A PDB)	479,052,552.83	2,664,050,395.87	17.98%
DUMAGUETE CITY DEV BANK INC	36,993,882.52	217,555,165.85	17.00%
CITIBANK, N.A.	1,249,411,783.97	7,544,767,162.98	16.56%
CITYSTATE SAVINGS BANK INC	117,088,935.20	712,505,822.89	16.43%
INTER-ASIA DEVELOPMENT BANK	8,594,208.64	52,647,695.85	16.32%
UCPB SAVINGS BANK	443,571,417.59	2,778,790,125.30	15.96%
CORDILLERA SAVINGS BANK INC	17,061,634.00	108,031,837.04	15.79%
LIFE SAVINGS BANK INC	9,666,525.59	68,444,016.81	14.12%
MAYBANK PHILIPPINES INC	1,378,051,563.58	10,125,085,763.01	13.61%
PHILIPPINE VETERANS BANK	803,725,714.93	5,917,940,630.82	13.58%
PHIL NATIONAL BANK	10,658,942,086.40	79,525,798,653.86	13.40%
HIYAS BANKING CORPORATION	21,202,761.24	159,262,122.00	13.31%
DEVELOPMENT BANK OF THE PHIL	5,027,864,479.68	39,731,445,991.43	12.65%
PRIDE STAR DEVELOPMENT BANK INC	8,744,472.07	74,219,530.70	11.78%
BPI DIRECT SAVINGS BANK INC	118,877,307.16	1,109,886,490.98	10.71%
LAND BANK OF THE PHILIPPINES	7,513,826,163.99	70,373,037,743.59	10.68%
TOWER DEVELOPMENT BANK	12,448,940.29	116,787,594.77	10.66%
BDO UNIBANK INC	17,868,067,253.39	168,097,783,002.20	10.63%
LEMERY SAVINGS & LOAN BANK, INC.	7,724,884.86	73,865,607.32	10.46%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	770,221,304.39	7,666,510,181.33	10.05%
MICROFINANCE MAXIMUM SB INC	2,775,600.08	30,219,333.89	9.18%
ROBINSONS BANK CORPORATION	493,361,960.72	5,429,997,908.85	9.09%
CARD SME BANK INC A THRIFT BANK	25,092,689.59	296,679,524.16	8.46%
CHINA BANKING CORP	4,241,788,759.14	51,361,862,492.97	8.26%
SUN SAVINGS BANK INC	7,929,099.28	103,382,709.39	7.67%
UNIVERSITY SAVINGS BANK INC	28,825,541.35	400,897,820.00	7.19%
BANK OF THE PHIL ISLANDS	8,291,551,975.99	127,243,211,068.34	6.52%
CITY SAVINGS BANK INC	310,401,587.69	4,907,979,643.50	6.32%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	40,938,529.63	659,484,508.90	6.21%
CTBC BANK (PHILIPPINES) CORP	383,611,264.60	6,459,643,064.19	5.94%
PHIL TRUST COMPANY	1,136,024,377.76	21,375,540,063.61	5.31%
ASIA UNITED BANK CORPORATION	1,000,233,421.51	19,680,515,913.14	5.08%
RIZAL COMM'L BANKING CORP	2,151,334,878.51	45,252,827,742.29	4.75%
KOREA EXCHANGE BANK	23,650,175.60	558,783,438.21	4.23%
CENTURY SAVINGS BANK CORPORATION	36,286,160.53	918,765,094.33	3.95%
QUEZON COCONUT BANK INC (A THRIFT BANK)	2,197,241.35	58,857,072.72	3.73%
BATAAN SAVINGS AND LOAN BANK	2,160,189.36	73,274,541.94	2.95%
BANK ONE SAVINGS AND TRUST CORP.	15,304,127.53	550,752,559.83	2.78%
PACIFIC ACE SAVINGS BANK INC	2,030,877.00	77,669,919.54	2.61%
SECURITY BANK CORP	1,113,417,377.10	43,574,062,263.72	2.56%
OPTIMUM DEVELOPMENT BANK INC	16,717,877.39	709,905,455.92	2.35%
METROPOLITAN BANK & TCO	3,050,129,110.82	132,641,847,901.12	2.30%
HSBC SAVINGS BANK(PHILS) INC	45,347,213.20	2,623,473,842.47	1.73%
PROGRESS SAVINGS AND LOAN BANK INC	1,217,809.04	84,514,488.11	1.44%
MERCHANTS SAVINGS & LOAN ASSN INC	4,917,002.76	451,922,804.67	1.09%
BANK OF CHINA LIMITED-MANILA BRANCH	8,660,895.91	855,649,253.17	1.01%
ANZ BANKING GROUP LTD	23,339,114.85	3,346,921,525.57	0.70%
BANGKOK BANK PUBLIC CO LTD	4,834,155.55	1,127,540,326.47	0.43%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	1,092,048.97	376,280,973.01	0.29%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	1,208,182,494.49	0.06%
INTERNATIONALE NEDERLANDEN GROEP BK	89.30	2,561,962,514.03	0.00%
BANK OF AMERICA N.A.	4.00	596,946,705.20	0.00%
BDO ELITE SAVINGS BANK INC	0.00	802,740,672.73	0.00%
BDO PRIVATE BANK, INC.	0.00	5,548,736,354.23	0.00%
CITIBANK SAVINGS INC	0.00	920,744,421.35	0.00%
DEUTSCHE BANK AG	0.00	2,215,104,355.99	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	650,869,719.80	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,930,759,082.84	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,746,484,720.25	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	4,636,362,532.62	0.00%
Grand Total	119,321,906,373.17	1,056,849,876,428.09	11.29%

Source: www.bsp.gov.ph

Of the 104 banks in this list, twenty-eight banks have a Gross NPL to Stockholders Equity Ratio of 30% or more as of June 30, 2014.  These banks are as follows:

1. World Partners Bank (236.50% of SE)
2. Standard Chartered Bank (215.05% of SE)
3. Comsavings Bank (158.48% of SE)
4. BPI Globe Banko Inc. (154.38% of SE)
5. Planters Development Bank (126.70% of SE)
6. Legazpi Savings Bank (102.62% of SE)
7. Opportunity Kauswagan Bank, Inc. (90.52% of SE)
8. Equicom Savings Bank Inc. (62.60% of SE)
9. Security Bank Savings Corporation (58.95% of SE)
10. Malayan Bank Savings and Mortgage Bank (55.66% of SE)
11. Sterling Bank of Asia, Inc. (55.50% of SE)
12. Wealth Development Bank Corporation (53.64% of SE)
13. United Overseas Bank Philippines (51.69% of SE)
14. Allied Savings Bank (49.64% of SE)
15. Philippine Postal Savings Bank (47.87% of SE)
16. The Palawan Bank (47.24% of SE)
17. Sampaguita Savings Bank (46.41% of SE)
18. Farmers Savings & Loan Bank Inc. (41.06% of SE)
19. Luzon Development Bank (40.25% of SE)
20. Enterprise Bank Inc. (38.81% of SE)
21. Northpoint Development Bank (36.37% of SE)
22. Pampanga Development Bank (35.99% of SE)
23. Malasiqui  Progressive SLB, Inc. (35.16% of SE)
24. RCBC Savings Bank Inc. (35.11% of SE)
25. Penbank Inc (32.48% of SE) 
26. Dungganon Bank (31.69% of SE)
27. Philippine Resources Savings Banking Corporation (31.68% of SE)
28. Metro Cebu Public Savings Bank (31.27% of SE)

Another indicator of a bank's financial health is the level of DOSRI Loans (Loans made by the bank to related parties such as Directors, Officers, Stockholders, and Related Interests) in relation to a bank's Total Loan Portfolio.  Under current banking regulations, the limit on the amount of individual loans to DOSRI, of which 70% must be secured,should not exceed a bank's parent company's regulatory capital or 15% of the bank's parent company's total loan portfolio, whichever is lower.  These limits do not apply to loans secured by assets considered as non-risk as defined in the regulations.Therefore banks with significantly high DOSRI Loan to Total Loan Portfolio ratios may be bumping up or exceeding the limits of compliance with DOSRI regulations.

On an overall basis, the DOSRI Loans of Philippine Banks amounted to only 4.43% of their Total Loan Portfolio as of June 30, 2014.  Of the 104 banks, twenty-eight banks reported having no DOSRI Loans.  Of the seventy-six banks with DOSRI Loans, forty banks had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, five banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:

1. Development Bank of the Philippines (24.66% of TLP)
2. Queen City Development Bank (22.51% of TLP) 
3. World Partners Bank (19.95% of TLP) 
4. Citystate Savings Bank Inc. (19.79% of TLP)
5. Land Bank of the Philippines (19.50% of TLP)

Philippine Banking System
DOSRI as % of TLP
June 30, 2014
	DOSRI	TLP	DOSRI/TLP
Bank	(In Php)	(In PHP)	(In %)
DEVELOPMENT BANK OF THE PHIL	37,756,962,285.47	153,112,560,780.71	24.66%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	238,209,746.16	1,058,046,447.67	22.51%
WORLD PARTNERS BANK (A THRIFT BANK)	86,419,233.58	433,202,253.09	19.95%
CITYSTATE SAVINGS BANK INC	349,718,912.33	1,766,894,165.06	19.79%
LAND BANK OF THE PHILIPPINES	69,428,731,628.74	356,104,149,164.24	19.50%
TOWER DEVELOPMENT BANK	30,186,088.04	204,634,717.95	14.75%
VILLAGE BANK INC (A THRIFT BANK)	47,826,186.45	358,426,320.06	13.34%
LIFE SAVINGS BANK INC	9,941,366.96	79,502,047.18	12.50%
HIYAS BANKING CORPORATION	23,081,691.71	201,072,976.93	11.48%
INTER-ASIA DEVELOPMENT BANK	10,631,302.82	102,989,252.71	10.32%
QUEZON COCONUT BANK INC (A THRIFT BANK)	3,253,906.61	35,006,993.60	9.30%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	153,231,205.61	1,680,805,715.87	9.12%
DUMAGUETE CITY DEV BANK INC	38,882,418.58	475,730,648.81	8.17%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	18,153,220.52	272,794,794.03	6.65%
BDO UNIBANK INC	66,692,396,795.00	1,017,493,392,373.70	6.55%
EAST WEST BANKING CORP	6,370,456,327.42	104,001,998,923.19	6.13%
SAMPAGUITA SAVINGS BANK INC	2,871,067.19	48,447,534.73	5.93%
OPTIMUM DEVELOPMENT BANK INC	41,175,677.70	711,378,914.91	5.79%
PAMPANGA DEVELOPMENT BANK	12,927,380.57	230,935,763.67	5.60%
BANK ONE SAVINGS AND TRUST CORP.	29,793,333.33	593,415,746.67	5.02%
COMSAVINGS BANK	10,041,480.03	237,067,451.06	4.24%
MALASIQUI PROGRESSIVE SLB, INC	1,867,500.00	46,542,402.25	4.01%
CENTURY SAVINGS BANK CORPORATION	25,362,387.67	650,473,852.37	3.90%
ROBINSONS BANK CORPORATION	936,580,852.94	24,506,578,197.28	3.82%
RIZAL COMM'L BANKING CORP	5,819,193,540.66	182,449,170,604.27	3.19%
PRODUCERS SAVINGS BANK CORPORATION	158,384,407.81	5,235,548,062.53	3.03%
CHINA BANKING CORP	6,620,140,131.55	224,216,022,806.91	2.95%
BANK OF THE PHIL ISLANDS	15,813,301,395.13	544,214,208,460.57	2.91%
WEALTH DEVELOPMENT BANK CORPORATION	70,657,062.76	2,711,560,499.08	2.61%
PHIL SAVINGS BANK	2,689,948,596.27	111,252,224,476.11	2.42%
MARITIME SAVINGS BANK CORPORATION	2,896,695.21	135,723,322.15	2.13%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	721,995,042.29	33,832,207,255.68	2.13%
PHIL POSTAL SAVINGS BANK INC	102,824,486.65	5,347,300,103.75	1.92%
LUZON DEVELOPMENT BANK	46,085,140.38	2,592,162,228.57	1.78%
CORDILLERA SAVINGS BANK INC	2,547,805.80	177,119,268.33	1.44%
PHIL NATIONAL BANK	2,874,648,257.10	257,217,593,426.00	1.12%
BANK OF AMERICA N.A.	45,340,503.20	4,588,791,628.64	0.99%
THE PALAWAN BANK (PALAWAN DB) INC	2,089,526.12	220,891,016.84	0.95%
MALAYAN BANK SAVINGS AND MORT BANK INC	39,881,186.67	4,254,601,035.93	0.94%
HONGKONG & SHANGHAI BANKING CORP	438,838,449.43	48,998,382,615.84	0.90%
METROPOLITAN BANK & TCO	4,493,673,883.07	575,218,061,741.37	0.78%
UNION BANK OF THE PHILS	568,257,614.81	103,591,124,814.82	0.55%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	81,677,530.68	15,010,980,394.55	0.54%
SECURITY BANK CORP	769,456,888.89	163,157,815,377.26	0.47%
HSBC SAVINGS BANK(PHILS) INC	63,489,617.62	13,694,195,396.65	0.46%
PHILIPPINE VETERANS BANK	47,276,758.78	13,599,238,843.49	0.35%
LEGAZPI SAVINGS BANK INC	3,635,938.05	1,182,043,711.82	0.31%
UNITED COCONUT PLANTERS BANK	247,103,348.29	101,039,985,133.96	0.24%
JP MORGAN CHASE BANK NATIONAL ASSN.	45,613,197.98	20,602,629,934.63	0.22%
ASIA UNITED BANK CORPORATION	94,897,421.21	54,286,402,147.28	0.17%
SECURITY BANK SAVINGS CORPORATION	14,500,049.65	9,356,484,102.78	0.15%
FIRST CONSOLIDATED BANK INC (A PDB)	10,519,481.61	7,620,243,384.74	0.14%
ANZ BANKING GROUP LTD	34,767,571.26	26,071,432,090.96	0.13%
TONGYANG SAVINGS BANK INC	796,381.46	610,590,870.94	0.13%
CTBC BANK (PHILIPPINES) CORP	20,552,631.25	16,341,251,694.62	0.13%
PHIL BANK OF COMMUNICATIONS	28,628,918.10	23,342,525,324.23	0.12%
EQUICOM SAVINGS BANK INC	4,177,235.44	3,795,164,190.49	0.11%
RCBC SAVINGS BANK INC	49,753,564.21	49,220,759,174.50	0.10%
CHINA BANK SAVINGS INC	12,266,214.11	12,190,399,720.33	0.10%
FARMERS SAVINGS & LOAN BANK INC	210,192.00	248,172,663.67	0.08%
ENTERPRISE BANK INC (A THRIFT BANK)	1,241,625.67	1,540,768,313.05	0.08%
MAYBANK PHILIPPINES INC	30,187,980.01	41,029,216,839.99	0.07%
CITY SAVINGS BANK INC	25,028,045.73	34,321,773,492.41	0.07%
ISLA BANK(A THRIFT BANK) INC	380,783.02	663,616,113.32	0.06%
PLANTERS DEVELOPMENT BANK	16,963,996.39	31,706,669,288.00	0.05%
STANDARD CHARTERED BANK	17,712,872.52	37,765,933,062.45	0.05%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	11,438,753.82	35,520,609,421.20	0.03%
UCPB SAVINGS BANK	2,749,523.85	10,658,314,361.99	0.03%
BPI FAMILY SAVINGS BANK INC	27,638,733.01	155,678,280,550.65	0.02%
BANK OF COMMERCE	5,804,522.25	44,117,486,695.46	0.01%
BPI DIRECT SAVINGS BANK INC	815,478.96	9,065,324,732.54	0.01%
KOREA EXCHANGE BANK	320,000.00	3,592,688,376.33	0.01%
ALLIED SAVINGS BANK	624,999.97	8,069,424,979.49	0.01%
UNITED OVERSEAS BANK PHILIPPINES	11,417.06	969,414,965.71	0.00%
PHIL TRUST COMPANY	177,183.51	50,957,921,564.39	0.00%
CITIBANK, N.A.	5,500.00	158,986,525,490.22	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	5,623,331,142.54	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	201,243,142.76	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	6,205,123,905.43	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	7,741,599,479.72	0.00%
BATAAN DEVELOPMENT BANK	0.00	192,636,701.83	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	41,917,011.86	0.00%
BDO PRIVATE BANK, INC.	0.00	7,879,297,983.10	0.00%
BPI GLOBE BANKO INC A SAVINGS BANK	0.00	935,783,525.59	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	134,688,958.88	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	1,040,876,511.09	0.00%
DEUTSCHE BANK AG	0.00	45,147,917,697.82	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	115,023,341.65	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	29,292,018,118.16	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	64,860,908.82	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	8,981,619,477.78	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	211,053,907.01	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	75,758,390.68	0.00%
MICROFINANCE MAXIMUM SB INC	0.00	15,361,428.87	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	21,715,192,076.27	0.00%
NORTHPOINT DEV'T BANK INC	0.00	140,441,004.56	0.00%
PACIFIC ACE SAVINGS BANK INC	0.00	19,627,970.89	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	8,339,558,220.14	0.00%
PRIDE STAR DEVELOPMENT BANK INC	0.00	36,984,293.16	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	2,316,731.56	0.00%
SUN SAVINGS BANK INC	0.00	255,994,918.58	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	426,787,270.82	0.00%
CITIBANK SAVINGS INC	0.00	0.00	NA
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
Grand Total	224,499,830,076.70	5,071,510,037,328.80	4.43%

Source: www.bsp.gov.ph

DOSRI Rules indicate that, in the aggregate, DOSRI Loans should not exceed the total equity of the bank.  Therefore banks with a significantly high DOSRI Loans as a percentage of Stockholders Equity may be approaching DOSRI Limits.  Generally speaking, the DOSRI Loans of Philippine Banks amounted to 21.10% of Stockholders Equity as of June 30, 2014.

Three banks have DOSRI Loans that exceed 80% of their capital.  These are as follows:

1. World Partners Bank (130.90% of SE) 
2. Land Bank of the Philippines (98.66% of SE)
3. Development Bank of the Philippines (85.03% of SE)

Philippine Banking System
DOSRI as % of Stockholders Equity
June 30, 2014
	DOSRI	SE	DOSRI/SE
Bank	(In Php)	(In PHP)	(In %)
WORLD PARTNERS BANK (A THRIFT BANK)	86,419,233.58	66,020,653.87	130.90%
LAND BANK OF THE PHILIPPINES	69,428,731,628.74	70,373,037,743.59	98.66%
DEVELOPMENT BANK OF THE PHIL	37,756,962,285.47	39,731,445,991.43	95.03%
VILLAGE BANK INC (A THRIFT BANK)	47,826,186.45	74,858,306.64	63.89%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	153,231,205.61	286,950,829.09	53.40%
CITYSTATE SAVINGS BANK INC	349,718,912.33	712,505,822.89	49.08%
BDO UNIBANK INC	66,692,396,795.00	168,097,783,002.20	39.67%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	238,209,746.16	659,484,508.90	36.12%
EAST WEST BANKING CORP	6,370,456,327.42	19,982,806,197.40	31.88%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	18,153,220.52	69,372,692.46	26.17%
TOWER DEVELOPMENT BANK	30,186,088.04	116,787,594.77	25.85%
INTER-ASIA DEVELOPMENT BANK	10,631,302.82	52,647,695.85	20.19%
WEALTH DEVELOPMENT BANK CORPORATION	70,657,062.76	390,594,149.30	18.09%
DUMAGUETE CITY DEV BANK INC	38,882,418.58	217,555,165.85	17.87%
ROBINSONS BANK CORPORATION	936,580,852.94	5,429,997,908.85	17.25%
PHIL SAVINGS BANK	2,689,948,596.27	15,888,557,293.01	16.93%
LIFE SAVINGS BANK INC	9,941,366.96	68,444,016.81	14.52%
HIYAS BANKING CORPORATION	23,081,691.71	159,262,122.00	14.49%
PRODUCERS SAVINGS BANK CORPORATION	158,384,407.81	1,215,452,192.66	13.03%
CHINA BANKING CORP	6,620,140,131.55	51,361,862,492.97	12.89%
RIZAL COMM'L BANKING CORP	5,819,193,540.66	45,252,827,742.29	12.86%
BANK OF THE PHIL ISLANDS	15,813,301,395.13	127,243,211,068.34	12.43%
PHIL POSTAL SAVINGS BANK INC	102,824,486.65	941,281,642.79	10.92%
PAMPANGA DEVELOPMENT BANK	12,927,380.57	122,977,750.65	10.51%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	721,995,042.29	7,666,510,181.33	9.42%
LUZON DEVELOPMENT BANK	46,085,140.38	510,323,390.11	9.03%
COMSAVINGS BANK	10,041,480.03	120,677,859.83	8.32%
BANK OF AMERICA N.A.	45,340,503.20	596,946,705.20	7.60%
THE PALAWAN BANK (PALAWAN DB) INC	2,089,526.12	28,960,778.80	7.22%
HONGKONG & SHANGHAI BANKING CORP	438,838,449.43	6,128,617,011.95	7.16%
OPTIMUM DEVELOPMENT BANK INC	41,175,677.70	709,905,455.92	5.80%
QUEZON COCONUT BANK INC (A THRIFT BANK)	3,253,906.61	58,857,072.72	5.53%
BANK ONE SAVINGS AND TRUST CORP.	29,793,333.33	550,752,559.83	5.41%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	81,677,530.68	1,547,193,472.97	5.28%
SAMPAGUITA SAVINGS BANK INC	2,871,067.19	57,136,102.65	5.02%
MARITIME SAVINGS BANK CORPORATION	2,896,695.21	63,350,757.17	4.57%
MALAYAN BANK SAVINGS AND MORT BANK INC	39,881,186.67	1,028,955,335.76	3.88%
JP MORGAN CHASE BANK NATIONAL ASSN.	45,613,197.98	1,208,182,494.49	3.78%
PHIL NATIONAL BANK	2,874,648,257.10	79,525,798,653.86	3.61%
MALASIQUI PROGRESSIVE SLB, INC	1,867,500.00	54,765,674.18	3.41%
METROPOLITAN BANK & TCO	4,493,673,883.07	132,641,847,901.12	3.39%
CENTURY SAVINGS BANK CORPORATION	25,362,387.67	918,765,094.33	2.76%
HSBC SAVINGS BANK(PHILS) INC	63,489,617.62	2,623,473,842.47	2.42%
CORDILLERA SAVINGS BANK INC	2,547,805.80	108,031,837.04	2.36%
SECURITY BANK CORP	769,456,888.89	43,574,062,263.72	1.77%
SECURITY BANK SAVINGS CORPORATION	14,500,049.65	1,019,390,301.56	1.42%
STANDARD CHARTERED BANK	17,712,872.52	1,253,487,031.91	1.41%
UNION BANK OF THE PHILS	568,257,614.81	42,715,477,296.24	1.33%
UNITED COCONUT PLANTERS BANK	247,103,348.29	20,882,259,694.88	1.18%
LEGAZPI SAVINGS BANK INC	3,635,938.05	334,365,431.73	1.09%
ANZ BANKING GROUP LTD	34,767,571.26	3,346,921,525.57	1.04%
PHILIPPINE VETERANS BANK	47,276,758.78	5,917,940,630.82	0.80%
EQUICOM SAVINGS BANK INC	4,177,235.44	538,925,750.57	0.78%
RCBC SAVINGS BANK INC	49,753,564.21	6,842,294,050.02	0.73%
CHINA BANK SAVINGS INC	12,266,214.11	1,982,007,109.53	0.62%
PLANTERS DEVELOPMENT BANK	16,963,996.39	2,770,525,271.24	0.61%
ENTERPRISE BANK INC (A THRIFT BANK)	1,241,625.67	215,307,197.40	0.58%
PHIL BANK OF COMMUNICATIONS	28,628,918.10	5,194,240,289.85	0.55%
CITY SAVINGS BANK INC	25,028,045.73	4,907,979,643.50	0.51%
ASIA UNITED BANK CORPORATION	94,897,421.21	19,680,515,913.14	0.48%
FIRST CONSOLIDATED BANK INC (A PDB)	10,519,481.61	2,664,050,395.87	0.39%
CTBC BANK (PHILIPPINES) CORP	20,552,631.25	6,459,643,064.19	0.32%
MAYBANK PHILIPPINES INC	30,187,980.01	10,125,085,763.01	0.30%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	11,438,753.82	4,636,362,532.62	0.25%
TONGYANG SAVINGS BANK INC	796,381.46	387,360,153.54	0.21%
FARMERS SAVINGS & LOAN BANK INC	210,192.00	116,029,094.22	0.18%
BPI FAMILY SAVINGS BANK INC	27,638,733.01	19,607,082,053.13	0.14%
UCPB SAVINGS BANK	2,749,523.85	2,778,790,125.30	0.10%
BPI DIRECT SAVINGS BANK INC	815,478.96	1,109,886,490.98	0.07%
ALLIED SAVINGS BANK	624,999.97	1,007,522,889.56	0.06%
ISLA BANK(A THRIFT BANK) INC	380,783.02	650,869,719.80	0.06%
KOREA EXCHANGE BANK	320,000.00	558,783,438.21	0.06%
BANK OF COMMERCE	5,804,522.25	13,804,019,099.41	0.04%
UNITED OVERSEAS BANK PHILIPPINES	11,417.06	1,287,218,129.23	0.00%
PHIL TRUST COMPANY	177,183.51	21,375,540,063.61	0.00%
CITIBANK, N.A.	5,500.00	7,544,767,162.98	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	1,097,657,583.44	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	376,280,973.01	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	1,127,540,326.47	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	855,649,253.17	0.00%
BATAAN DEVELOPMENT BANK	0.00	68,845,166.07	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	73,274,541.94	0.00%
BDO ELITE SAVINGS BANK INC	0.00	802,740,672.73	0.00%
BDO PRIVATE BANK, INC.	0.00	5,548,736,354.23	0.00%
BPI GLOBE BANKO INC A SAVINGS BANK	0.00	246,665,785.77	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	83,350,906.55	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	296,679,524.16	0.00%
CITIBANK SAVINGS INC	0.00	920,744,421.35	0.00%
DEUTSCHE BANK AG	0.00	2,215,104,355.99	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	90,312,215.44	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	2,561,962,514.03	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	73,865,607.32	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,930,759,082.84	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	451,922,804.67	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	64,946,349.31	0.00%
MICROFINANCE MAXIMUM SB INC	0.00	30,219,333.89	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,746,484,720.25	0.00%
NORTHPOINT DEV'T BANK INC	0.00	104,178,008.09	0.00%
PACIFIC ACE SAVINGS BANK INC	0.00	77,669,919.54	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	1,770,632,368.82	0.00%
PRIDE STAR DEVELOPMENT BANK INC	0.00	74,219,530.70	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	84,514,488.11	0.00%
SUN SAVINGS BANK INC	0.00	103,382,709.39	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	400,897,820.00	0.00%
Grand Total	224,499,830,076.70	1,063,728,443,151.57	21.10%

Source: www.bsp.gov.ph

Banks often take pains to avoid DOSRI Loans from falling past due. Although bank policies often state that DOSRI Loans are made “substantially on the same terms as with other individuals and businesses of comparable risks.  (See Planters Development Bank Annual Report December 31, 2010). Loan underwriting standards should be tighter because a past due DOSRI loan reflects badly on the bank.    DOSRI Loans that fall past due are often:

1. Written off as soon as possible;
2. Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
3. Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due). 

As a result, Philippine Banks reported that Php 408.739 million, or 0.18% of its DOSRI Loans fell past due as of June 30, 2014.  Of the seventy-six banks with DOSRI Loans, sixty-two banks had zero past due DOSRI Loans.  No banks had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio.

It is important to note that RCBC, which perennially ranked as one of the top banks with  DOSRI Past Due Loans a percentage of DOSRI Loans (See previous blog post: "RCBC's Zombie Past Due DOSRI Loans"), has eliminated almost all of its DOSRI Past Due Loans.

Philippine Banking System
DOSRI Past Due as % of DOSRI
June 30, 2014
	DOSRI Past Due	DOSRI	DOSRI Past Due/DOSRI
Bank	(In PHP)	(In PHP)	(In %)
PHIL SAVINGS BANK	395,877,638.29	2,689,948,596.27	14.72%
UNITED COCONUT PLANTERS BANK	3,312,766.77	247,103,348.29	1.34%
PHIL BANK OF COMMUNICATIONS	289,120.16	28,628,918.10	1.01%
CHINA BANK SAVINGS INC	66,367.82	12,266,214.11	0.54%
UNITED OVERSEAS BANK PHILIPPINES	38.00	11,417.06	0.33%
PHIL NATIONAL BANK	1,569,584.21	2,874,648,257.10	0.05%
MALAYAN BANK SAVINGS AND MORT BANK INC	13,251.76	39,881,186.67	0.03%
BANK OF THE PHIL ISLANDS	3,755,098.43	15,813,301,395.13	0.02%
RIZAL COMM'L BANKING CORP	1,057,055.40	5,819,193,540.66	0.02%
EAST WEST BANKING CORP	865,441.37	6,370,456,327.42	0.01%
ROBINSONS BANK CORPORATION	44,528.48	936,580,852.94	0.00%
CHINA BANKING CORP	134,386.04	6,620,140,131.55	0.00%
LAND BANK OF THE PHILIPPINES	981,642.72	69,428,731,628.74	0.00%
BDO UNIBANK INC	771,886.68	66,692,396,795.00	0.00%
UCPB SAVINGS BANK	8.00	2,749,523.85	0.00%
ALLIED SAVINGS BANK	0.00	624,999.97	0.00%
ANZ BANKING GROUP LTD	0.00	34,767,571.26	0.00%
ASIA UNITED BANK CORPORATION	0.00	94,897,421.21	0.00%
BANK OF AMERICA N.A.	0.00	45,340,503.20	0.00%
BANK OF COMMERCE	0.00	5,804,522.25	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	29,793,333.33	0.00%
BPI DIRECT SAVINGS BANK INC	0.00	815,478.96	0.00%
BPI FAMILY SAVINGS BANK INC	0.00	27,638,733.01	0.00%
CENTURY SAVINGS BANK CORPORATION	0.00	25,362,387.67	0.00%
CITIBANK, N.A.	0.00	5,500.00	0.00%
CITY SAVINGS BANK INC	0.00	25,028,045.73	0.00%
CITYSTATE SAVINGS BANK INC	0.00	349,718,912.33	0.00%
COMSAVINGS BANK	0.00	10,041,480.03	0.00%
CORDILLERA SAVINGS BANK INC	0.00	2,547,805.80	0.00%
CTBC BANK (PHILIPPINES) CORP	0.00	20,552,631.25	0.00%
DEVELOPMENT BANK OF THE PHIL	0.00	37,756,962,285.47	0.00%
DUMAGUETE CITY DEV BANK INC	0.00	38,882,418.58	0.00%
ENTERPRISE BANK INC (A THRIFT BANK)	0.00	1,241,625.67	0.00%
EQUICOM SAVINGS BANK INC	0.00	4,177,235.44	0.00%
FARMERS SAVINGS & LOAN BANK INC	0.00	210,192.00	0.00%
FIRST CONSOLIDATED BANK INC (A PDB)	0.00	10,519,481.61	0.00%
HIYAS BANKING CORPORATION	0.00	23,081,691.71	0.00%
HONGKONG & SHANGHAI BANKING CORP	0.00	438,838,449.43	0.00%
HSBC SAVINGS BANK(PHILS) INC	0.00	63,489,617.62	0.00%
INTER-ASIA DEVELOPMENT BANK	0.00	10,631,302.82	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	380,783.02	0.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	45,613,197.98	0.00%
KOREA EXCHANGE BANK	0.00	320,000.00	0.00%
LEGAZPI SAVINGS BANK INC	0.00	3,635,938.05	0.00%
LIFE SAVINGS BANK INC	0.00	9,941,366.96	0.00%
LUZON DEVELOPMENT BANK	0.00	46,085,140.38	0.00%
MALASIQUI PROGRESSIVE SLB, INC	0.00	1,867,500.00	0.00%
MARITIME SAVINGS BANK CORPORATION	0.00	2,896,695.21	0.00%
MAYBANK PHILIPPINES INC	0.00	30,187,980.01	0.00%
METROPOLITAN BANK & TCO	0.00	4,493,673,883.07	0.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	0.00	18,153,220.52	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	41,175,677.70	0.00%
PAMPANGA DEVELOPMENT BANK	0.00	12,927,380.57	0.00%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	0.00	153,231,205.61	0.00%
PHIL POSTAL SAVINGS BANK INC	0.00	102,824,486.65	0.00%
PHIL TRUST COMPANY	0.00	177,183.51	0.00%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	0.00	721,995,042.29	0.00%
PHILIPPINE VETERANS BANK	0.00	47,276,758.78	0.00%
PLANTERS DEVELOPMENT BANK	0.00	16,963,996.39	0.00%
PRODUCERS SAVINGS BANK CORPORATION	0.00	158,384,407.81	0.00%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	0.00	238,209,746.16	0.00%
QUEZON COCONUT BANK INC (A THRIFT BANK)	0.00	3,253,906.61	0.00%
RCBC SAVINGS BANK INC	0.00	49,753,564.21	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	2,871,067.19	0.00%
SECURITY BANK CORP	0.00	769,456,888.89	0.00%
SECURITY BANK SAVINGS CORPORATION	0.00	14,500,049.65	0.00%
STANDARD CHARTERED BANK	0.00	17,712,872.52	0.00%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	0.00	81,677,530.68	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	11,438,753.82	0.00%
THE PALAWAN BANK (PALAWAN DB) INC	0.00	2,089,526.12	0.00%
TONGYANG SAVINGS BANK INC	0.00	796,381.46	0.00%
TOWER DEVELOPMENT BANK	0.00	30,186,088.04	0.00%
UNION BANK OF THE PHILS	0.00	568,257,614.81	0.00%
VILLAGE BANK INC (A THRIFT BANK)	0.00	47,826,186.45	0.00%
WEALTH DEVELOPMENT BANK CORPORATION	0.00	70,657,062.76	0.00%
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	86,419,233.58	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	0.00	NA
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	0.00	NA
BANGKOK BANK PUBLIC CO LTD	0.00	0.00	NA
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	0.00	NA
BATAAN DEVELOPMENT BANK	0.00	0.00	NA
BATAAN SAVINGS AND LOAN BANK	0.00	0.00	NA
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
BDO PRIVATE BANK, INC.	0.00	0.00	NA
BPI GLOBE BANKO INC A SAVINGS BANK	0.00	0.00	NA
BUSINESS AND CONSUMERS BANK (A DB)	0.00	0.00	NA
CARD SME BANK INC A THRIFT BANK	0.00	0.00	NA
CITIBANK SAVINGS INC	0.00	0.00	NA
DEUTSCHE BANK AG	0.00	0.00	NA
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	0.00	NA
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	0.00	NA
LEMERY SAVINGS & LOAN BANK, INC.	0.00	0.00	NA
MEGA INT'L COMM'L BANK CO LTD	0.00	0.00	NA
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	0.00	NA
METRO CEBU PUBLIC SAVINGS BANK	0.00	0.00	NA
MICROFINANCE MAXIMUM SB INC	0.00	0.00	NA
MIZUHO BANK LTD - MANILA BRANCH	0.00	0.00	NA
NORTHPOINT DEV'T BANK INC	0.00	0.00	NA
PACIFIC ACE SAVINGS BANK INC	0.00	0.00	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	0.00	NA
PRIDE STAR DEVELOPMENT BANK INC	0.00	0.00	NA
PROGRESS SAVINGS AND LOAN BANK INC	0.00	0.00	NA
SUN SAVINGS BANK INC	0.00	0.00	NA
UNIVERSITY SAVINGS BANK INC	0.00	0.00	NA
Grand Total	408,738,814.13	224,499,830,076.70	0.18%