Standard Chartered Bank Ranks Third in Non-Performing Loans as % of Capital Funds as of September 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 September 30, 2014.  See a previous blog post:  Philippine Banks Improve in the 3rd Qtr. of 2014 or "The Top Distressed Philippine Banks as of September 30, 2014"

This blog post updates previous blog posts such as Standard Chartered Bank Ranks Second in Non-Performing Loans as % of Capital Funds as of June 30, 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 122.059 billion as of September 30, 2014 - approximately 2.31% of the Philippine Banking Industry's Total Loan Portfolio of Php 5.280 trillion.

Philippine Banking System
NPL as % of TLP
September 30, 2014
	Gross NPLs	Gross TLP	Gross NPL/ Gross TLP
Bank	(In Php)	(In Php)	(In %)
COMSAVINGS BANK	191,248,204.56	230,614,018.45	82.93%
NORTHPOINT DEV'T BANK INC	121,594,798.43	197,962,798.58	61.42%
PROGRESS SAVINGS AND LOAN BANK INC	1,207,809.04	1,991,645.76	60.64%
SAMPAGUITA SAVINGS BANK INC	26,785,290.77	48,078,812.72	55.71%
UNITED OVERSEAS BANK PHILIPPINES	665,452,236.65	1,270,003,329.23	52.40%
WORLD PARTNERS BANK (A THRIFT BANK)	186,102,844.57	402,316,955.65	46.26%
BATAAN DEVELOPMENT BANK	71,137,540.16	187,067,602.97	38.03%
MALASIQUI PROGRESSIVE SLB, INC	14,293,443.25	45,305,076.11	31.55%
LEGAZPI SAVINGS BANK INC	358,997,214.80	1,170,374,024.20	30.67%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	84,129,787.26	290,074,858.05	29.00%
METRO CEBU PUBLIC SAVINGS BANK	20,739,588.38	78,993,887.53	26.25%
FARMERS SAVINGS & LOAN BANK INC	55,076,146.41	237,194,204.54	23.22%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	26,522,198.74	128,454,268.19	20.65%
PRIDE STAR DEVELOPMENT BANK INC	8,300,262.62	42,450,621.32	19.55%
PAMPANGA DEVELOPMENT BANK	44,112,193.34	249,967,487.26	17.65%
TONGYANG SAVINGS BANK INC	112,567,867.52	699,985,300.59	16.08%
MALAYAN BANK SAVINGS AND MORT BANK INC	602,727,144.09	3,988,598,452.76	15.11%
LIFE SAVINGS BANK INC	9,403,531.57	76,180,731.22	12.34%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	902,011,403.70	8,511,577,277.47	10.60%
PACIFIC ACE SAVINGS BANK INC	2,030,877.00	19,203,816.29	10.58%
1ST VALLEY BANK INC A DEVELOPMENT BANK	577,450,943.39	5,511,858,042.34	10.48%
BUSINESS AND CONSUMERS BANK (A DB)	14,741,449.33	141,279,714.46	10.43%
CORDILLERA SAVINGS BANK INC	18,647,760.26	179,446,525.04	10.39%
PLANTERS DEVELOPMENT BANK	3,224,949,677.84	31,084,973,189.15	10.37%
EQUICOM SAVINGS BANK INC	356,698,473.09	3,520,342,742.43	10.13%
LUZON DEVELOPMENT BANK	278,070,478.36	2,789,435,905.32	9.97%
LEMERY SAVINGS & LOAN BANK, INC.	5,728,960.87	58,728,757.20	9.75%
MARITIME SAVINGS BANK CORPORATION	13,475,889.24	141,822,090.03	9.50%
UNION BANK OF THE PHILS	10,076,556,506.11	109,294,935,867.37	9.22%
PHIL POSTAL SAVINGS BANK INC	492,362,764.41	5,631,443,717.16	8.74%
QUEZON COCONUT BANK INC (A THRIFT BANK)	3,330,448.37	43,041,265.52	7.74%
DUMAGUETE CITY DEV BANK INC	38,450,305.29	499,537,011.62	7.70%
SECURITY BANK SAVINGS CORPORATION	649,418,868.91	9,015,838,151.54	7.20%
INTER-ASIA DEVELOPMENT BANK	8,554,783.72	118,811,914.41	7.20%
HIYAS BANKING CORPORATION	14,943,655.86	209,942,951.36	7.12%
BANK OF COMMERCE	2,820,205,869.67	40,658,826,505.51	6.94%
UNIVERSITY SAVINGS BANK INC	28,498,734.87	430,588,677.12	6.62%
WEALTH DEVELOPMENT BANK CORPORATION	194,938,216.83	2,971,485,737.03	6.56%
TOWER DEVELOPMENT BANK	14,128,146.31	221,604,187.06	6.38%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	106,392,180.30	1,758,196,064.22	6.05%
THE PALAWAN BANK (PALAWAN DB) INC	14,045,823.30	232,235,823.20	6.05%
CITYSTATE SAVINGS BANK INC	102,664,700.25	1,704,364,435.32	6.02%
BATAAN SAVINGS AND LOAN BANK	2,502,930.36	41,705,058.45	6.00%
CHINA BANK SAVINGS INC	791,976,981.61	13,312,488,150.80	5.95%
UNITED COCONUT PLANTERS BANK	5,636,880,749.10	95,911,086,013.99	5.88%
PHIL BANK OF COMMUNICATIONS	1,520,459,210.68	26,199,925,037.62	5.80%
VILLAGE BANK INC (A THRIFT BANK)	20,965,006.83	364,194,857.58	5.76%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	871,517,086.54	15,359,941,640.38	5.67%
FIRST CONSOLIDATED BANK INC (A PDB)	469,987,187.56	8,451,756,980.68	5.56%
STANDARD CHARTERED BANK	2,709,206,512.13	50,341,565,076.68	5.38%
PRODUCERS SAVINGS BANK CORPORATION	288,404,619.03	5,446,396,583.40	5.30%
CENTURY SAVINGS BANK CORPORATION	36,165,716.65	715,850,423.43	5.05%
ALLIED SAVINGS BANK	414,606,169.75	8,251,994,540.87	5.02%
ENTERPRISE BANK INC (A THRIFT BANK)	76,451,890.54	1,566,175,883.26	4.88%
RCBC SAVINGS BANK INC	2,448,630,329.66	50,923,567,182.60	4.81%
EAST WEST BANKING CORP	4,836,469,856.36	108,815,689,228.85	4.44%
UCPB SAVINGS BANK	475,471,372.29	10,836,060,966.56	4.39%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	45,545,701.47	1,110,512,019.93	4.10%
PHILIPPINE VETERANS BANK	703,338,366.80	17,193,297,110.62	4.09%
PHIL NATIONAL BANK	10,527,433,340.17	278,680,895,807.22	3.78%
DEVELOPMENT BANK OF THE PHIL	5,808,528,843.60	157,034,519,378.86	3.70%
MAYBANK PHILIPPINES INC	1,576,610,671.13	45,397,666,696.85	3.47%
MERCHANTS SAVINGS & LOAN ASSN INC	6,371,298.43	196,386,051.63	3.24%
BPI FAMILY SAVINGS BANK INC	5,108,776,708.58	160,532,177,833.42	3.18%
SUN SAVINGS BANK INC	9,541,892.70	310,187,022.84	3.08%
PHIL SAVINGS BANK	3,601,618,439.11	120,468,900,550.97	2.99%
BANK ONE SAVINGS AND TRUST CORP.	15,304,127.53	537,069,361.79	2.85%
CARD SME BANK INC A THRIFT BANK	30,567,692.70	1,142,026,516.12	2.68%
CTBC BANK (PHILIPPINES) CORP	439,807,782.14	16,858,146,500.63	2.61%
ROBINSONS BANK CORPORATION	507,835,084.60	19,571,229,136.67	2.59%
HONGKONG & SHANGHAI BANKING CORP	1,219,293,790.10	52,420,634,008.13	2.33%
PHIL TRUST COMPANY	1,104,441,940.64	49,296,344,479.95	2.24%
LAND BANK OF THE PHILIPPINES	7,477,389,676.01	362,321,870,595.35	2.06%
CITIBANK, N.A.	2,887,177,872.02	140,696,788,320.29	2.05%
OPTIMUM DEVELOPMENT BANK INC	15,721,868.56	795,235,192.78	1.98%
CHINA BANKING CORP	4,415,291,462.72	234,042,753,696.28	1.89%
CITY SAVINGS BANK INC	709,780,523.40	38,721,056,634.64	1.83%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	616,983,187.60	34,601,824,507.93	1.78%
ASIA UNITED BANK CORPORATION	937,915,220.59	60,548,152,639.58	1.55%
BDO UNIBANK INC	16,992,547,843.11	1,131,601,542,674.93	1.50%
BANK OF THE PHIL ISLANDS	7,842,038,110.95	543,767,565,806.16	1.44%
BPI DIRECT SAVINGS BANK INC	116,040,563.44	9,319,309,026.75	1.25%
BANGKOK BANK PUBLIC CO LTD	87,029,546.70	7,025,108,338.35	1.24%
RIZAL COMM'L BANKING CORP	2,143,581,902.58	192,001,846,442.47	1.12%
KOREA EXCHANGE BANK	23,550,180.50	3,754,896,369.38	0.63%
SECURITY BANK CORP	1,106,216,853.17	178,538,563,071.24	0.62%
HSBC SAVINGS BANK(PHILS) INC	44,015,977.19	7,587,184,162.52	0.58%
METROPOLITAN BANK & TCO	2,746,871,596.00	608,226,057,929.71	0.45%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	1,092,048.97	343,450,438.24	0.32%
BANK OF CHINA LIMITED-MANILA BRANCH	8,660,895.91	8,500,224,366.95	0.10%
ANZ BANKING GROUP LTD	23,339,114.85	29,935,940,383.20	0.08%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	22,254,811,437.92	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	91.75	8,999,459,389.01	0.00%
BANK OF AMERICA N.A.	4.00	1,520,876,076.27	0.00%
BDO PRIVATE BANK, INC.	0.00	10,816,228,364.36	0.00%
DEUTSCHE BANK AG	0.00	23,442,771,144.88	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	699,525,970.97	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	9,947,739,468.49	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	23,045,408,351.36	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	35,649,066,121.86	0.00%
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
Grand Total	122,059,385,743.47	5,280,088,781,465.95	2.31%

Source: www.bsp.gov.ph

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

1. Comsavings Bank (82.93% of TLP)
2. Northpoint Development Bank (61.42% of TLP)
3. Progress Savings and Loan Bank Inc. (60.64% of TLP)
4. Sampaguita Savings Bank Inc. (55.71% of TLP)
5. United Overseas Bank Philippines (52.40% of TLP)
6. World Partners Bank (46.26% of TLP)
7. Bataan Development Bank (38.03% of TLP)
8. Malasiqui Progressive SLB, Inc. (41.38% of TLP)

Of these banks, three banks are considered distressed:

1. Comsavings Bank (formerly GSIS Family Bank)
2. World Partners Bank
3. Bataan Development Bank

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 11.07% of Stockholders Equity as of September 30, 2014.

Philippine Banking System
NPL as % of SE
September 30, 2014
	NPL	SE	NPL/SE
Bank	(In PHP)	(In PHP)	(In %)
COMSAVINGS BANK	191,248,204.56	69,222,748.79	276.28%
WORLD PARTNERS BANK (A THRIFT BANK)	186,102,844.57	78,687,479.68	236.51%
STANDARD CHARTERED BANK	2,709,206,512.13	1,264,872,660.95	214.19%
PLANTERS DEVELOPMENT BANK	3,224,949,677.84	2,424,611,329.33	133.01%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	84,129,787.26	73,316,907.70	114.75%
LEGAZPI SAVINGS BANK INC	358,997,214.80	329,305,712.63	109.02%
BATAAN DEVELOPMENT BANK	71,137,540.16	70,712,367.08	100.60%
MALAYAN BANK SAVINGS AND MORT BANK INC	602,727,144.09	879,633,981.28	68.52%
EQUICOM SAVINGS BANK INC	356,698,473.09	550,284,276.11	64.82%
NORTHPOINT DEV'T BANK INC	121,594,798.43	191,408,301.61	63.53%
SECURITY BANK SAVINGS CORPORATION	649,418,868.91	1,033,570,802.58	62.83%
LUZON DEVELOPMENT BANK	278,070,478.36	515,100,329.41	53.98%
UNITED OVERSEAS BANK PHILIPPINES	665,452,236.65	1,269,546,429.94	52.42%
WEALTH DEVELOPMENT BANK CORPORATION	194,938,216.83	378,812,404.40	51.46%
1ST VALLEY BANK INC A DEVELOPMENT BANK	577,450,943.39	1,129,443,108.23	51.13%
PHIL POSTAL SAVINGS BANK INC	492,362,764.41	1,010,607,180.71	48.72%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	902,011,403.70	1,858,320,365.75	48.54%
SAMPAGUITA SAVINGS BANK INC	26,785,290.77	55,199,801.01	48.52%
FARMERS SAVINGS & LOAN BANK INC	55,076,146.41	114,330,836.72	48.17%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	871,517,086.54	1,865,596,802.00	46.72%
THE PALAWAN BANK (PALAWAN DB) INC	14,045,823.30	30,345,719.66	46.29%
ALLIED SAVINGS BANK	414,606,169.75	1,048,573,729.56	39.54%
CITIBANK, N.A.	2,887,177,872.02	7,491,778,601.40	38.54%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	106,392,180.30	295,118,495.89	36.05%
CHINA BANK SAVINGS INC	791,976,981.61	2,236,465,308.59	35.41%
ENTERPRISE BANK INC (A THRIFT BANK)	76,451,890.54	217,353,879.81	35.17%
PAMPANGA DEVELOPMENT BANK	44,112,193.34	126,303,165.96	34.93%
RCBC SAVINGS BANK INC	2,448,630,329.66	7,193,635,098.07	34.04%
METRO CEBU PUBLIC SAVINGS BANK	20,739,588.38	64,097,759.85	32.36%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	26,522,198.74	90,647,604.74	29.26%
TONGYANG SAVINGS BANK INC	112,567,867.52	386,852,858.01	29.10%
VILLAGE BANK INC (A THRIFT BANK)	20,965,006.83	74,873,808.38	28.00%
MALASIQUI PROGRESSIVE SLB, INC	14,293,443.25	52,888,957.33	27.03%
UNITED COCONUT PLANTERS BANK	5,636,880,749.10	21,317,547,899.98	26.44%
BPI FAMILY SAVINGS BANK INC	5,108,776,708.58	20,572,953,194.21	24.83%
EAST WEST BANKING CORP	4,836,469,856.36	20,436,978,166.94	23.67%
PRODUCERS SAVINGS BANK CORPORATION	288,404,619.03	1,231,270,647.58	23.42%
UNION BANK OF THE PHILS	10,076,556,506.11	44,068,813,643.34	22.87%
PHIL BANK OF COMMUNICATIONS	1,520,459,210.68	6,833,182,382.81	22.25%
PHIL SAVINGS BANK	3,601,618,439.11	16,413,147,642.23	21.94%
MARITIME SAVINGS BANK CORPORATION	13,475,889.24	63,763,139.24	21.13%
BANK OF COMMERCE	2,820,205,869.67	13,769,767,063.00	20.48%
HONGKONG & SHANGHAI BANKING CORP	1,219,293,790.10	6,132,159,720.03	19.88%
DUMAGUETE CITY DEV BANK INC	38,450,305.29	220,596,400.46	17.43%
BUSINESS AND CONSUMERS BANK (A DB)	14,741,449.33	85,888,838.90	17.16%
FIRST CONSOLIDATED BANK INC (A PDB)	469,987,187.56	2,766,410,575.43	16.99%
CORDILLERA SAVINGS BANK INC	18,647,760.26	111,027,950.55	16.80%
UCPB SAVINGS BANK	475,471,372.29	2,886,382,931.52	16.47%
INTER-ASIA DEVELOPMENT BANK	8,554,783.72	52,596,011.86	16.27%
MAYBANK PHILIPPINES INC	1,576,610,671.13	10,364,375,304.28	15.21%
CITYSTATE SAVINGS BANK INC	102,664,700.25	700,119,523.27	14.66%
DEVELOPMENT BANK OF THE PHIL	5,808,528,843.60	40,726,604,057.76	14.26%
LIFE SAVINGS BANK INC	9,403,531.57	70,177,045.49	13.40%
CITY SAVINGS BANK INC	709,780,523.40	5,391,556,126.25	13.16%
TOWER DEVELOPMENT BANK	14,128,146.31	116,486,906.49	12.13%
PHILIPPINE VETERANS BANK	703,338,366.80	5,888,234,118.73	11.94%
PHIL NATIONAL BANK	10,527,433,340.17	88,868,018,988.94	11.85%
PRIDE STAR DEVELOPMENT BANK INC	8,300,262.62	74,716,356.94	11.11%
LAND BANK OF THE PHILIPPINES	7,477,389,676.01	72,083,156,068.63	10.37%
BPI DIRECT SAVINGS BANK INC	116,040,563.44	1,175,988,987.06	9.87%
BDO UNIBANK INC	16,992,547,843.11	172,404,002,715.04	9.86%
HIYAS BANKING CORPORATION	14,943,655.86	158,785,098.12	9.41%
SUN SAVINGS BANK INC	9,541,892.70	101,894,305.23	9.36%
ROBINSONS BANK CORPORATION	507,835,084.60	5,454,367,360.12	9.31%
CARD SME BANK INC A THRIFT BANK	30,567,692.70	340,293,067.27	8.98%
CHINA BANKING CORP	4,415,291,462.72	50,506,800,932.44	8.74%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	616,983,187.60	7,894,206,774.17	7.82%
LEMERY SAVINGS & LOAN BANK, INC.	5,728,960.87	73,724,475.80	7.77%
UNIVERSITY SAVINGS BANK INC	28,498,734.87	404,096,486.79	7.05%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	45,545,701.47	665,414,631.61	6.84%
CTBC BANK (PHILIPPINES) CORP	439,807,782.14	6,466,579,841.74	6.80%
BANK OF THE PHIL ISLANDS	7,842,038,110.95	132,317,938,062.36	5.93%
QUEZON COCONUT BANK INC (A THRIFT BANK)	3,330,448.37	59,595,721.55	5.59%
PHIL TRUST COMPANY	1,104,441,940.64	21,518,546,940.85	5.13%
ASIA UNITED BANK CORPORATION	937,915,220.59	20,051,790,004.05	4.68%
RIZAL COMM'L BANKING CORP	2,143,581,902.58	48,794,404,782.06	4.39%
KOREA EXCHANGE BANK	23,550,180.50	582,440,130.65	4.04%
BATAAN SAVINGS AND LOAN BANK	2,502,930.36	63,109,094.36	3.97%
CENTURY SAVINGS BANK CORPORATION	36,165,716.65	925,257,473.56	3.91%
BANGKOK BANK PUBLIC CO LTD	87,029,546.70	3,106,292,084.64	2.80%
BANK ONE SAVINGS AND TRUST CORP.	15,304,127.53	555,631,269.06	2.75%
PACIFIC ACE SAVINGS BANK INC	2,030,877.00	79,121,330.06	2.57%
SECURITY BANK CORP	1,106,216,853.17	45,954,032,891.93	2.41%
OPTIMUM DEVELOPMENT BANK INC	15,721,868.56	721,547,909.23	2.18%
METROPOLITAN BANK & TCO	2,746,871,596.00	134,461,065,936.80	2.04%
HSBC SAVINGS BANK(PHILS) INC	44,015,977.19	2,649,764,864.08	1.66%
MERCHANTS SAVINGS & LOAN ASSN INC	6,371,298.43	434,404,037.14	1.47%
PROGRESS SAVINGS AND LOAN BANK INC	1,207,809.04	83,929,539.02	1.44%
BANK OF CHINA LIMITED-MANILA BRANCH	8,660,895.91	929,613,700.63	0.93%
ANZ BANKING GROUP LTD	23,339,114.85	3,388,247,532.70	0.69%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	1,092,048.97	384,204,155.99	0.28%
JP MORGAN CHASE BANK NATIONAL ASSN.	734,885.22	1,078,219,324.19	0.07%
INTERNATIONALE NEDERLANDEN GROEP BK	91.75	2,681,154,441.05	0.00%
BANK OF AMERICA N.A.	4.00	1,753,141,705.20	0.00%
BDO ELITE SAVINGS BANK INC	0.00	802,242,615.73	0.00%
BDO PRIVATE BANK, INC.	0.00	5,614,288,374.61	0.00%
DEUTSCHE BANK AG	0.00	2,031,004,038.17	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	653,820,843.86	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,977,544,129.71	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,757,822,859.05	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	4,687,098,603.10	0.00%
Grand Total	122,059,385,743.47	1,102,460,878,588.80	11.07%

Source: www.bsp.gov.ph

Of the 101 banks in this list, twenty-nine banks have a Gross NPL to Stockholders Equity Ratio of 30% or more as of September 30, 2014.  These banks are as follows:

1. Comsavings Bank (278.28% of SE)
2. World Partners Bank (236.51% of SE)
3. Standard Chartered Bank (214.19% of SE)
4. Planters Development Bank (133.01% of SE)
5. Opportunity Kauswagan Bank, Inc. (114.75% of SE)
6. Legazpi Savings Bank (109.02% of SE)
7. Bataan Development Bank (100.60% of SE)
8. Malayan Bank Savings and Mortgage Bank (68.52% of SE) 
9. Equicom Savings Bank Inc. (64.82% of SE) 
10. Northpoint Development Bank (63.53% of SE) 
11. Security Bank Savings Corporation (62.83% of SE) 
12. Luzon Development Bank (53.98% of SE) 
13. United Overseas Bank Philippines (52.42% of SE)
14. Wealth Development Bank Corporation (51.46% of SE)
15. 1st Valley Bank Inc (51.13% of SE) 
16. Philippine Postal Savings Bank (48.72% of SE) 
17. Philippine Resources Savings Banking Corporation (48.54% of SE) 
18. Sampaguita Savings Bank (48.52% of SE) 
19. Farmers Savings & Loan Bank Inc. (48.17% of SE) 
20. Sterling Bank of Asia, Inc. (46.72% of SE) 
21. The Palawan Bank (46.29% of SE) 
22. Allied Savings Bank (39.54% of SE)
23. Citibank, N.A. (38.54% of SE)
24. Penbank Inc. (36.05% of SE)
25. China Bank Savings Inc. (35.41% of SE)
26. Enterprise Bank Inc. (35.17% of SE) 
27. Pampanga Development Bank (34.93% of SE)
28. RCBC Savings Bank Inc. (34.04% of SE) 
29. Metro Cebu Public Savings Bank (32.36% 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 4.24% of their Total Loan Portfolio as of September 30, 2014.  Of the 101 banks, twenty-six banks reported having no DOSRI Loans.  Of the seventy-four banks with DOSRI Loans, thirty-seven banks had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, six banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:

1. World Partners Bank (23.45% of TLP)
2. Malasiqui Progressive SLB, Inc. (23.41% of TLP)
3. Development Bank of the Philippines (22.54% of TLP)
4. Queen City Development Bank (21.51% of TLP) 
5. Citystate Savings Bank Inc. (20.52% of TLP) 
6. Land Bank of the Philippines (19.35% of TLP) 

Philippine Banking System
DOSRI as % of TLP
September 30, 2014
	DOSRI	TLP	DOSRI/TLP
Bank	(In Php)	(In PHP)	(In %)
WORLD PARTNERS BANK (A THRIFT BANK)	94,336,162.86	402,316,955.65	23.45%
MALASIQUI PROGRESSIVE SLB, INC	10,604,500.00	45,305,076.11	23.41%
DEVELOPMENT BANK OF THE PHIL	35,399,015,535.39	157,034,519,378.86	22.54%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	238,866,054.95	1,110,512,019.93	21.51%
CITYSTATE SAVINGS BANK INC	349,650,999.01	1,704,364,435.32	20.52%
LAND BANK OF THE PHILIPPINES	70,095,708,906.41	362,321,870,595.35	19.35%
TOWER DEVELOPMENT BANK	29,166,611.88	221,604,187.06	13.16%
VILLAGE BANK INC (A THRIFT BANK)	47,748,763.97	364,194,857.58	13.11%
LIFE SAVINGS BANK INC	8,997,716.04	76,180,731.22	11.81%
HIYAS BANKING CORPORATION	22,176,489.78	209,942,951.36	10.56%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	155,243,344.64	1,758,196,064.22	8.83%
INTER-ASIA DEVELOPMENT BANK	10,439,917.62	118,811,914.41	8.79%
DUMAGUETE CITY DEV BANK INC	37,833,816.10	499,537,011.62	7.57%
QUEZON COCONUT BANK INC (A THRIFT BANK)	3,101,328.01	43,041,265.52	7.21%
EAST WEST BANKING CORP	7,126,817,998.08	108,815,689,228.85	6.55%
PAMPANGA DEVELOPMENT BANK	14,416,473.09	249,967,487.26	5.77%
BANK ONE SAVINGS AND TRUST CORP.	29,800,000.00	537,069,361.79	5.55%
BDO UNIBANK INC	57,541,655,916.07	1,131,601,542,674.93	5.08%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	13,986,101.42	290,074,858.05	4.82%
OPTIMUM DEVELOPMENT BANK INC	37,827,893.36	795,235,192.78	4.76%
PHIL NATIONAL BANK	12,272,359,516.65	278,680,895,807.22	4.40%
COMSAVINGS BANK	9,423,328.06	230,614,018.45	4.09%
CENTURY SAVINGS BANK CORPORATION	26,964,255.08	715,850,423.43	3.77%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,226,381,598.59	34,601,824,507.93	3.54%
RIZAL COMM'L BANKING CORP	5,702,303,484.85	192,001,846,442.47	2.97%
LUZON DEVELOPMENT BANK	81,794,470.42	2,789,435,905.32	2.93%
CHINA BANKING CORP	6,671,689,854.97	234,042,753,696.28	2.85%
BANK OF THE PHIL ISLANDS	15,424,948,155.15	543,767,565,806.16	2.84%
ROBINSONS BANK CORPORATION	541,798,812.74	19,571,229,136.67	2.77%
BANK OF AMERICA N.A.	41,548,547.66	1,520,876,076.27	2.73%
SAMPAGUITA SAVINGS BANK INC	1,270,154.52	48,078,812.72	2.64%
PHIL SAVINGS BANK	3,108,502,934.43	120,468,900,550.97	2.58%
MARITIME SAVINGS BANK CORPORATION	2,641,210.23	141,822,090.03	1.86%
PHIL POSTAL SAVINGS BANK INC	97,235,052.28	5,631,443,717.16	1.73%
CORDILLERA SAVINGS BANK INC	2,863,556.10	179,446,525.04	1.60%
WEALTH DEVELOPMENT BANK CORPORATION	41,741,037.50	2,971,485,737.03	1.40%
PHIL TRUST COMPANY	560,000,000.00	49,296,344,479.95	1.14%
HONGKONG & SHANGHAI BANKING CORP	505,545,766.64	52,420,634,008.13	0.96%
THE PALAWAN BANK (PALAWAN DB) INC	2,189,844.67	232,235,823.20	0.94%
HSBC SAVINGS BANK(PHILS) INC	62,027,621.09	7,587,184,162.52	0.82%
METROPOLITAN BANK & TCO	3,977,085,612.04	608,226,057,929.71	0.65%
UNION BANK OF THE PHILS	502,388,552.75	109,294,935,867.37	0.46%
PRODUCERS SAVINGS BANK CORPORATION	24,366,157.82	5,446,396,583.40	0.45%
SECURITY BANK CORP	691,271,089.57	178,538,563,071.24	0.39%
MALAYAN BANK SAVINGS AND MORT BANK INC	15,035,158.81	3,988,598,452.76	0.38%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	55,487,358.74	15,359,941,640.38	0.36%
PHILIPPINE VETERANS BANK	47,309,234.58	17,193,297,110.62	0.28%
UNITED COCONUT PLANTERS BANK	234,455,057.21	95,911,086,013.99	0.24%
JP MORGAN CHASE BANK NATIONAL ASSN.	46,642,784.55	22,254,811,437.92	0.21%
TONGYANG SAVINGS BANK INC	1,285,266.85	699,985,300.59	0.18%
ISLA BANK(A THRIFT BANK) INC	1,081,675.69	699,525,970.97	0.15%
ASIA UNITED BANK CORPORATION	91,467,791.83	60,548,152,639.58	0.15%
SECURITY BANK SAVINGS CORPORATION	12,747,730.75	9,015,838,151.54	0.14%
FIRST CONSOLIDATED BANK INC (A PDB)	11,875,157.87	8,451,756,980.68	0.14%
CTBC BANK (PHILIPPINES) CORP	21,929,896.90	16,858,146,500.63	0.13%
PHIL BANK OF COMMUNICATIONS	31,290,784.24	26,199,925,037.62	0.12%
ANZ BANKING GROUP LTD	34,527,765.44	29,935,940,383.20	0.12%
ENTERPRISE BANK INC (A THRIFT BANK)	1,585,860.18	1,566,175,883.26	0.10%
RCBC SAVINGS BANK INC	50,972,808.26	50,923,567,182.60	0.10%
CHINA BANK SAVINGS INC	12,333,792.87	13,312,488,150.80	0.09%
FARMERS SAVINGS & LOAN BANK INC	197,102.92	237,194,204.54	0.08%
CITY SAVINGS BANK INC	27,861,050.06	38,721,056,634.64	0.07%
MAYBANK PHILIPPINES INC	27,728,960.00	45,397,666,696.85	0.06%
PLANTERS DEVELOPMENT BANK	15,200,718.72	31,084,973,189.15	0.05%
STANDARD CHARTERED BANK	17,242,922.46	50,341,565,076.68	0.03%
LEGAZPI SAVINGS BANK INC	400,258.07	1,170,374,024.20	0.03%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	11,163,114.42	35,649,066,121.86	0.03%
UCPB SAVINGS BANK	3,369,165.78	10,836,060,966.56	0.03%
BPI FAMILY SAVINGS BANK INC	25,447,233.11	160,532,177,833.42	0.02%
BANK OF COMMERCE	5,613,555.33	40,658,826,505.51	0.01%
KOREA EXCHANGE BANK	493,000.00	3,754,896,369.38	0.01%
BPI DIRECT SAVINGS BANK INC	952,793.96	9,319,309,026.75	0.01%
CITIBANK, N.A.	2,008,032.03	140,696,788,320.29	0.00%
UNITED OVERSEAS BANK PHILIPPINES	5,753.58	1,270,003,329.23	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	5,511,858,042.34	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	343,450,438.24	0.00%
ALLIED SAVINGS BANK	0.00	8,251,994,540.87	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	7,025,108,338.35	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	8,500,224,366.95	0.00%
BATAAN DEVELOPMENT BANK	0.00	187,067,602.97	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	41,705,058.45	0.00%
BDO PRIVATE BANK, INC.	0.00	10,816,228,364.36	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	141,279,714.46	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	1,142,026,516.12	0.00%
DEUTSCHE BANK AG	0.00	23,442,771,144.88	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	128,454,268.19	0.00%
EQUICOM SAVINGS BANK INC	0.00	3,520,342,742.43	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	8,999,459,389.01	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	58,728,757.20	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	9,947,739,468.49	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	196,386,051.63	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	78,993,887.53	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	23,045,408,351.36	0.00%
NORTHPOINT DEV'T BANK INC	0.00	197,962,798.58	0.00%
PACIFIC ACE SAVINGS BANK INC	0.00	19,203,816.29	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	8,511,577,277.47	0.00%
PRIDE STAR DEVELOPMENT BANK INC	0.00	42,450,621.32	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	1,991,645.76	0.00%
SUN SAVINGS BANK INC	0.00	310,187,022.84	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	430,588,677.12	0.00%
BDO ELITE SAVINGS BANK INC	0.00	0.00	NA
Grand Total	223,653,446,927.70	5,280,088,781,465.95	4.24%

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 20.29% 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 (119.89% of SE) 
2. Land Bank of the Philippines (97.24% of SE)
3. Development Bank of the Philippines (86.92% of SE)

Philippine Banking System
DOSRI as % of Stockholders Equity
September 30, 2014
	DOSRI	SE	DOSRI/SE
Bank	(In Php)	(In PHP)	(In %)
WORLD PARTNERS BANK (A THRIFT BANK)	94,336,162.86	78,687,479.68	119.89%
LAND BANK OF THE PHILIPPINES	70,095,708,906.41	72,083,156,068.63	97.24%
DEVELOPMENT BANK OF THE PHIL	35,399,015,535.39	40,726,604,057.76	86.92%
VILLAGE BANK INC (A THRIFT BANK)	47,748,763.97	74,873,808.38	63.77%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	155,243,344.64	295,118,495.89	52.60%
CITYSTATE SAVINGS BANK INC	349,650,999.01	700,119,523.27	49.94%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	238,866,054.95	665,414,631.61	35.90%
EAST WEST BANKING CORP	7,126,817,998.08	20,436,978,166.94	34.87%
BDO UNIBANK INC	57,541,655,916.07	172,404,002,715.04	33.38%
TOWER DEVELOPMENT BANK	29,166,611.88	116,486,906.49	25.04%
MALASIQUI PROGRESSIVE SLB, INC	10,604,500.00	52,888,957.33	20.05%
INTER-ASIA DEVELOPMENT BANK	10,439,917.62	52,596,011.86	19.85%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	13,986,101.42	73,316,907.70	19.08%
PHIL SAVINGS BANK	3,108,502,934.43	16,413,147,642.23	18.94%
DUMAGUETE CITY DEV BANK INC	37,833,816.10	220,596,400.46	17.15%
LUZON DEVELOPMENT BANK	81,794,470.42	515,100,329.41	15.88%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,226,381,598.59	7,894,206,774.17	15.54%
HIYAS BANKING CORPORATION	22,176,489.78	158,785,098.12	13.97%
PHIL NATIONAL BANK	12,272,359,516.65	88,868,018,988.94	13.81%
COMSAVINGS BANK	9,423,328.06	69,222,748.79	13.61%
CHINA BANKING CORP	6,671,689,854.97	50,506,800,932.44	13.21%
LIFE SAVINGS BANK INC	8,997,716.04	70,177,045.49	12.82%
RIZAL COMM'L BANKING CORP	5,702,303,484.85	48,794,404,782.06	11.69%
BANK OF THE PHIL ISLANDS	15,424,948,155.15	132,317,938,062.36	11.66%
PAMPANGA DEVELOPMENT BANK	14,416,473.09	126,303,165.96	11.41%
WEALTH DEVELOPMENT BANK CORPORATION	41,741,037.50	378,812,404.40	11.02%
ROBINSONS BANK CORPORATION	541,798,812.74	5,454,367,360.12	9.93%
PHIL POSTAL SAVINGS BANK INC	97,235,052.28	1,010,607,180.71	9.62%
HONGKONG & SHANGHAI BANKING CORP	505,545,766.64	6,132,159,720.03	8.24%
THE PALAWAN BANK (PALAWAN DB) INC	2,189,844.67	30,345,719.66	7.22%
BANK ONE SAVINGS AND TRUST CORP.	29,800,000.00	555,631,269.06	5.36%
OPTIMUM DEVELOPMENT BANK INC	37,827,893.36	721,547,909.23	5.24%
QUEZON COCONUT BANK INC (A THRIFT BANK)	3,101,328.01	59,595,721.55	5.20%
JP MORGAN CHASE BANK NATIONAL ASSN.	46,642,784.55	1,078,219,324.19	4.33%
MARITIME SAVINGS BANK CORPORATION	2,641,210.23	63,763,139.24	4.14%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	55,487,358.74	1,865,596,802.00	2.97%
METROPOLITAN BANK & TCO	3,977,085,612.04	134,461,065,936.80	2.96%
CENTURY SAVINGS BANK CORPORATION	26,964,255.08	925,257,473.56	2.91%
PHIL TRUST COMPANY	560,000,000.00	21,518,546,940.85	2.60%
CORDILLERA SAVINGS BANK INC	2,863,556.10	111,027,950.55	2.58%
BANK OF AMERICA N.A.	41,548,547.66	1,753,141,705.20	2.37%
HSBC SAVINGS BANK(PHILS) INC	62,027,621.09	2,649,764,864.08	2.34%
SAMPAGUITA SAVINGS BANK INC	1,270,154.52	55,199,801.01	2.30%
PRODUCERS SAVINGS BANK CORPORATION	24,366,157.82	1,231,270,647.58	1.98%
MALAYAN BANK SAVINGS AND MORT BANK INC	15,035,158.81	879,633,981.28	1.71%
SECURITY BANK CORP	691,271,089.57	45,954,032,891.93	1.50%
STANDARD CHARTERED BANK	17,242,922.46	1,264,872,660.95	1.36%
SECURITY BANK SAVINGS CORPORATION	12,747,730.75	1,033,570,802.58	1.23%
UNION BANK OF THE PHILS	502,388,552.75	44,068,813,643.34	1.14%
UNITED COCONUT PLANTERS BANK	234,455,057.21	21,317,547,899.98	1.10%
ANZ BANKING GROUP LTD	34,527,765.44	3,388,247,532.70	1.02%
PHILIPPINE VETERANS BANK	47,309,234.58	5,888,234,118.73	0.80%
ENTERPRISE BANK INC (A THRIFT BANK)	1,585,860.18	217,353,879.81	0.73%
RCBC SAVINGS BANK INC	50,972,808.26	7,193,635,098.07	0.71%
PLANTERS DEVELOPMENT BANK	15,200,718.72	2,424,611,329.33	0.63%
CHINA BANK SAVINGS INC	12,333,792.87	2,236,465,308.59	0.55%
CITY SAVINGS BANK INC	27,861,050.06	5,391,556,126.25	0.52%
PHIL BANK OF COMMUNICATIONS	31,290,784.24	6,833,182,382.81	0.46%
ASIA UNITED BANK CORPORATION	91,467,791.83	20,051,790,004.05	0.46%
FIRST CONSOLIDATED BANK INC (A PDB)	11,875,157.87	2,766,410,575.43	0.43%
CTBC BANK (PHILIPPINES) CORP	21,929,896.90	6,466,579,841.74	0.34%
TONGYANG SAVINGS BANK INC	1,285,266.85	386,852,858.01	0.33%
MAYBANK PHILIPPINES INC	27,728,960.00	10,364,375,304.28	0.27%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	11,163,114.42	4,687,098,603.10	0.24%
FARMERS SAVINGS & LOAN BANK INC	197,102.92	114,330,836.72	0.17%
ISLA BANK(A THRIFT BANK) INC	1,081,675.69	653,820,843.86	0.17%
BPI FAMILY SAVINGS BANK INC	25,447,233.11	20,572,953,194.21	0.12%
LEGAZPI SAVINGS BANK INC	400,258.07	329,305,712.63	0.12%
UCPB SAVINGS BANK	3,369,165.78	2,886,382,931.52	0.12%
KOREA EXCHANGE BANK	493,000.00	582,440,130.65	0.08%
BPI DIRECT SAVINGS BANK INC	952,793.96	1,175,988,987.06	0.08%
BANK OF COMMERCE	5,613,555.33	13,769,767,063.00	0.04%
CITIBANK, N.A.	2,008,032.03	7,491,778,601.40	0.03%
UNITED OVERSEAS BANK PHILIPPINES	5,753.58	1,269,546,429.94	0.00%
1ST VALLEY BANK INC A DEVELOPMENT BANK	0.00	1,129,443,108.23	0.00%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	0.00	384,204,155.99	0.00%
ALLIED SAVINGS BANK	0.00	1,048,573,729.56	0.00%
BANGKOK BANK PUBLIC CO LTD	0.00	3,106,292,084.64	0.00%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	929,613,700.63	0.00%
BATAAN DEVELOPMENT BANK	0.00	70,712,367.08	0.00%
BATAAN SAVINGS AND LOAN BANK	0.00	63,109,094.36	0.00%
BDO ELITE SAVINGS BANK INC	0.00	802,242,615.73	0.00%
BDO PRIVATE BANK, INC.	0.00	5,614,288,374.61	0.00%
BUSINESS AND CONSUMERS BANK (A DB)	0.00	85,888,838.90	0.00%
CARD SME BANK INC A THRIFT BANK	0.00	340,293,067.27	0.00%
DEUTSCHE BANK AG	0.00	2,031,004,038.17	0.00%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	0.00	90,647,604.74	0.00%
EQUICOM SAVINGS BANK INC	0.00	550,284,276.11	0.00%
INTERNATIONALE NEDERLANDEN GROEP BK	0.00	2,681,154,441.05	0.00%
LEMERY SAVINGS & LOAN BANK, INC.	0.00	73,724,475.80	0.00%
MEGA INT'L COMM'L BANK CO LTD	0.00	1,977,544,129.71	0.00%
MERCHANTS SAVINGS & LOAN ASSN INC	0.00	434,404,037.14	0.00%
METRO CEBU PUBLIC SAVINGS BANK	0.00	64,097,759.85	0.00%
MIZUHO BANK LTD - MANILA BRANCH	0.00	2,757,822,859.05	0.00%
NORTHPOINT DEV'T BANK INC	0.00	191,408,301.61	0.00%
PACIFIC ACE SAVINGS BANK INC	0.00	79,121,330.06	0.00%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	0.00	1,858,320,365.75	0.00%
PRIDE STAR DEVELOPMENT BANK INC	0.00	74,716,356.94	0.00%
PROGRESS SAVINGS AND LOAN BANK INC	0.00	83,929,539.02	0.00%
SUN SAVINGS BANK INC	0.00	101,894,305.23	0.00%
UNIVERSITY SAVINGS BANK INC	0.00	404,096,486.79	0.00%
Grand Total	223,653,446,927.70	1,102,460,878,588.80	20.29%

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 406.264 million, or 0.18% of its DOSRI Loans fell past due as of June 30, 2014.  Of the seventy-four banks with DOSRI Loans, sixty banks had zero past due DOSRI Loans.  No banks had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio.

Philippine Banking System
DOSRI Past Due as % of DOSRI
September 30, 2014
	DOSRI Past Due	DOSRI	DOSRI Past Due/DOSRI
Bank	(In PHP)	(In PHP)	(In %)
PHIL SAVINGS BANK	395,877,639.00	3,108,502,934.43	12.74%
LEGAZPI SAVINGS BANK INC	47,665.89	400,258.07	11.91%
UNITED COCONUT PLANTERS BANK	3,232,429.22	234,455,057.21	1.38%
PHIL BANK OF COMMUNICATIONS	289,120.16	31,290,784.24	0.92%
UNITED OVERSEAS BANK PHILIPPINES	36.00	5,753.58	0.63%
CHINA BANK SAVINGS INC	60,309.44	12,333,792.87	0.49%
BANK OF THE PHIL ISLANDS	4,685,518.00	15,424,948,155.15	0.03%
CTBC BANK (PHILIPPINES) CORP	4,104.52	21,929,896.90	0.02%
RIZAL COMM'L BANKING CORP	835,058.50	5,702,303,484.85	0.01%
CHINA BANKING CORP	173,556.19	6,671,689,854.97	0.00%
BDO UNIBANK INC	649,245.18	57,541,655,916.07	0.00%
LAND BANK OF THE PHILIPPINES	390,994.18	70,095,708,906.41	0.00%
EAST WEST BANKING CORP	18,086.66	7,126,817,998.08	0.00%
UCPB SAVINGS BANK	4.00	3,369,165.78	0.00%
ANZ BANKING GROUP LTD	0.00	34,527,765.44	0.00%
ASIA UNITED BANK CORPORATION	0.00	91,467,791.83	0.00%
BANK OF AMERICA N.A.	0.00	41,548,547.66	0.00%
BANK OF COMMERCE	0.00	5,613,555.33	0.00%
BANK ONE SAVINGS AND TRUST CORP.	0.00	29,800,000.00	0.00%
BPI DIRECT SAVINGS BANK INC	0.00	952,793.96	0.00%
BPI FAMILY SAVINGS BANK INC	0.00	25,447,233.11	0.00%
CENTURY SAVINGS BANK CORPORATION	0.00	26,964,255.08	0.00%
CITIBANK, N.A.	0.00	2,008,032.03	0.00%
CITY SAVINGS BANK INC	0.00	27,861,050.06	0.00%
CITYSTATE SAVINGS BANK INC	0.00	349,650,999.01	0.00%
COMSAVINGS BANK	0.00	9,423,328.06	0.00%
CORDILLERA SAVINGS BANK INC	0.00	2,863,556.10	0.00%
DEVELOPMENT BANK OF THE PHIL	0.00	35,399,015,535.39	0.00%
DUMAGUETE CITY DEV BANK INC	0.00	37,833,816.10	0.00%
ENTERPRISE BANK INC (A THRIFT BANK)	0.00	1,585,860.18	0.00%
FARMERS SAVINGS & LOAN BANK INC	0.00	197,102.92	0.00%
FIRST CONSOLIDATED BANK INC (A PDB)	0.00	11,875,157.87	0.00%
HIYAS BANKING CORPORATION	0.00	22,176,489.78	0.00%
HONGKONG & SHANGHAI BANKING CORP	0.00	505,545,766.64	0.00%
HSBC SAVINGS BANK(PHILS) INC	0.00	62,027,621.09	0.00%
INTER-ASIA DEVELOPMENT BANK	0.00	10,439,917.62	0.00%
ISLA BANK(A THRIFT BANK) INC	0.00	1,081,675.69	0.00%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	46,642,784.55	0.00%
KOREA EXCHANGE BANK	0.00	493,000.00	0.00%
LIFE SAVINGS BANK INC	0.00	8,997,716.04	0.00%
LUZON DEVELOPMENT BANK	0.00	81,794,470.42	0.00%
MALASIQUI PROGRESSIVE SLB, INC	0.00	10,604,500.00	0.00%
MALAYAN BANK SAVINGS AND MORT BANK INC	0.00	15,035,158.81	0.00%
MARITIME SAVINGS BANK CORPORATION	0.00	2,641,210.23	0.00%
MAYBANK PHILIPPINES INC	0.00	27,728,960.00	0.00%
METROPOLITAN BANK & TCO	0.00	3,977,085,612.04	0.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	0.00	13,986,101.42	0.00%
OPTIMUM DEVELOPMENT BANK INC	0.00	37,827,893.36	0.00%
PAMPANGA DEVELOPMENT BANK	0.00	14,416,473.09	0.00%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	0.00	155,243,344.64	0.00%
PHIL NATIONAL BANK	0.00	12,272,359,516.65	0.00%
PHIL POSTAL SAVINGS BANK INC	0.00	97,235,052.28	0.00%
PHIL TRUST COMPANY	0.00	560,000,000.00	0.00%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	0.00	1,226,381,598.59	0.00%
PHILIPPINE VETERANS BANK	0.00	47,309,234.58	0.00%
PLANTERS DEVELOPMENT BANK	0.00	15,200,718.72	0.00%
PRODUCERS SAVINGS BANK CORPORATION	0.00	24,366,157.82	0.00%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	0.00	238,866,054.95	0.00%
QUEZON COCONUT BANK INC (A THRIFT BANK)	0.00	3,101,328.01	0.00%
RCBC SAVINGS BANK INC	0.00	50,972,808.26	0.00%
ROBINSONS BANK CORPORATION	0.00	541,798,812.74	0.00%
SAMPAGUITA SAVINGS BANK INC	0.00	1,270,154.52	0.00%
SECURITY BANK CORP	0.00	691,271,089.57	0.00%
SECURITY BANK SAVINGS CORPORATION	0.00	12,747,730.75	0.00%
STANDARD CHARTERED BANK	0.00	17,242,922.46	0.00%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	0.00	55,487,358.74	0.00%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	0.00	11,163,114.42	0.00%
THE PALAWAN BANK (PALAWAN DB) INC	0.00	2,189,844.67	0.00%
TONGYANG SAVINGS BANK INC	0.00	1,285,266.85	0.00%
TOWER DEVELOPMENT BANK	0.00	29,166,611.88	0.00%
UNION BANK OF THE PHILS	0.00	502,388,552.75	0.00%
VILLAGE BANK INC (A THRIFT BANK)	0.00	47,748,763.97	0.00%
WEALTH DEVELOPMENT BANK CORPORATION	0.00	41,741,037.50	0.00%
WORLD PARTNERS BANK (A THRIFT BANK)	0.00	94,336,162.86	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
ALLIED SAVINGS BANK	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
BUSINESS AND CONSUMERS BANK (A DB)	0.00	0.00	NA
CARD SME BANK INC A THRIFT BANK	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
EQUICOM SAVINGS 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
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	406,263,766.94	223,653,446,927.70	0.18%

www.bsp.gov.ph