Philippine Banks Improve in the 4th Qtr. of 2014

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 11.741 billion or -1.75% from September 30, 2014 to December 31, 2014.  This decrease was aided 5.52% 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 4.03%, from 58.44% as of September 30, 2014 to 54.41% as of December 31, 2014. On a year on year basis, the Distressed Asset Ratio has dropped 5.08% from 59.49% as of December 31, 2013 to 54.41% as of December 31, 2014.

Those banks that posted significant improvements (25% or more) in this ratio include (Distressed banks are highlighted in yellow).
:

1. Allied Savings Bank (89.79% decrease)
2. Internationale Nederlanden Groep BK (83.57% decrease)
3. JP Morgan Chase Bank National Association ((74.42% decrease)
4. HongKong & Shanghai Banking Corporation (73.13% decrease)
5. Standard Chartered Bank (69.15% decrease)
6. Bank of China Limited - Manila Branch (65.49% decrease)
7. Isla Bank (65.08% decrease)
8. ANZ Banking Group Ltd (64.37% decrease)
9. Mizuho Bank Ltd (59.20% decrease)
10. Bangkok Bank Public Co. Ltd (56.36% decrease)
11. Korea Exchange Bank (54.26% decrease)
12. The Bank of Tokyo-Mitsubishi UFH Ltd (47.94% decrease)
13. Deutsche Bank AG (35.06% decrease)
14. Citibank N.A. (33.78% decrease)
15. Legazpi Savings Bank Inc. (31.30% decrease)
16. Malasiqui Progressive SLB, Inc. (26.00% decrease)

The banks that exhibited significant deterioration (25% or more) in this ratio include:

1. Comsavings Bank (4394.69% increase)
2. United Coconut Planters Bank (46.57% increase)
3. HSBC Savings Bank (Phils) Inc. (40.55% increase)
4. Maritime Savings Bank Corporation (34.47% increase)
5. Optimum Development Bank Inc. (32.03% increase)
6. Opportunity Kauswagan Bank Inc. (28.24% increase)
7. UCPB Savings Bank (25.78% increase)
8. Philippine Resources Savings Banking Corporation (25.45% increase)

Distressed Banks


Three of the eight banks with significant increases have been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the December 31, 2014. These banks are Comsavings Bank, which had a distressed ratio of 60,913.00%, United Coconut Planters Bank (distressed ratio of 441,42%), and Philippine Resources Savings Banking Corporation (distressed ratio of 101.19%).


The list of Philippine Banks classified as distressed as of December 31, 2014 are as follows:

1. Comsavings Bank (Distressed Ratio of 60,913.00%)
2. Legazpi Savings Bank (Distressed Ratio of 893.00%)
3. Village Bank Inc. (Distressed Ratio of 712.56%)
4. United Coconut Planters Bank (Distressed Ratio of 441.42%)
5. Bank of China Limited - Manila Branch (Distressed Ratio of 420.43%)
6. Business and Consumers Bank (Distressed Ratio of 268.02%)
7. Inter-Asia Development Bank (Distressed Ratio of 267.59%)
8. Citibank, N.A. (Distressed Ratio of 195.89%)
9. Planters Development Bank (Distressed Ratio of 191.46%)
10. Bank of Commerce (Distressed Ratio of 184.58%)
11. Bataan Development Bank (Distressed Ratio of 144.69%)
12. World Partners Bank (Distressed Ratio of 135.09%)
13. Enterprise Bank Inc. (Distressed Ratio of 133.68%)
14. Malayan Bank Savings and Mortgage Bank (129.81%)
15. RCBC Savings Bank Inc. (Distressed Ratio of 126.64%)
16. China Bank Savings Inc. (Distressed Ratio of 105.82%)
17. Philippine Bank of Communications (Distressed Ratio of 102.76%)
18. Deutsche Bank AG (Distressed Ratio of 102.27%)
19. Philippine Resources Banking Corporation (Distressed Ratio of 101.19%)

It is important to note that Comsavings Bank has an extremely high distressed ratio because it only has Php 51.557 million in stockholder's equity supporting Php 2.121 billion in distressed assets as of December 31, 2014.

As a group the distressed banks showed some improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 205.15% as of December 31, 2014, down from 211.54% as of September 30, 2014.  

Departures

There have been several departures from the list of Distressed Banks since September 30, 2014.

1. Equicom Savings Bank Inc., which had a distressed ratio of 109.80% as of September 30, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 98.81% as of December 31, 2014.
2. Wealth Development Bank Corporation, which had a distressed ratio of 102.12% as of September 30, 2014, also dropped out of the list with a distressed ratio of 95.73% as of December 31, 2014.
3. Standard Chartered Bank, which had a distressed ratio of 146.76% as of September 30, 2014, also dropped out of the list with a distressed ratio of 45.27% as of December 31, 2014.
4. HongKong & Shanghai Banking Corporation, which had a distressed ratio of 121.25% as of September 30, 2014, also dropped out of the list with a distressed ratio of 32.58% as of December 31, 2014.

Arrivals

One bank entered the Distressed Banks List: Philippine Resources Savings Banking Corporation.  This bank, which had a Distressed Ratio of 80.66% as of September 30, 2014, now has a Distressed Ratio of 101.19% as of December 31, 2014.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2014 to December 31, 2014
In Php
Bank	December 31, 2014	September 30, 2014	Variance	% Variance
COMSAVINGS BANK	60913.00%	1108.58%	59804.42%	5394.69%
UNITED COCONUT PLANTERS BANK	441.42%	301.17%	140.25%	46.57%
HSBC SAVINGS BANK(PHILS) INC	19.33%	13.75%	5.58%	40.55%
MARITIME SAVINGS BANK CORPORATION	55.91%	41.58%	14.33%	34.47%
OPTIMUM DEVELOPMENT BANK INC	35.70%	27.04%	8.66%	32.03%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	88.11%	68.71%	19.40%	28.24%
UCPB SAVINGS BANK	95.17%	75.66%	19.51%	25.78%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	101.19%	80.66%	20.53%	25.45%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	92.90%	74.93%	17.97%	23.98%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	45.95%	37.35%	8.60%	23.03%
CARD SME BANK INC A THRIFT BANK	26.85%	22.37%	4.48%	20.03%
EAST WEST BANKING CORP	89.02%	75.96%	13.05%	17.18%
DEVELOPMENT BANK OF THE PHIL	44.81%	38.29%	6.53%	17.05%
BANK OF THE PHIL ISLANDS	25.91%	22.18%	3.73%	16.80%
ROBINSONS BANK CORPORATION	48.14%	41.41%	6.73%	16.24%
MEGA INT'L COMM'L BANK CO LTD	30.92%	26.61%	4.31%	16.20%
CENTURY SAVINGS BANK CORPORATION	13.52%	11.65%	1.87%	16.02%
MAYBANK PHILIPPINES INC	37.34%	33.18%	4.16%	12.55%
LUZON DEVELOPMENT BANK	77.24%	68.63%	8.61%	12.55%
LAND BANK OF THE PHILIPPINES	41.59%	37.05%	4.54%	12.25%
PAMPANGA DEVELOPMENT BANK	41.62%	37.61%	4.01%	10.67%
RIZAL COMM'L BANKING CORP	36.87%	33.93%	2.94%	8.65%
METRO CEBU PUBLIC SAVINGS BANK	59.82%	55.29%	4.54%	8.20%
ENTERPRISE BANK INC (A THRIFT BANK)	133.68%	123.79%	9.89%	7.99%
SECURITY BANK SAVINGS CORPORATION	98.44%	91.57%	6.86%	7.49%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	20.13%	19.18%	0.95%	4.95%
CTBC BANK (PHILIPPINES) CORP	21.89%	21.19%	0.71%	3.34%
PHIL SAVINGS BANK	85.07%	82.42%	2.65%	3.22%
BUSINESS AND CONSUMERS BANK (A DB)	268.02%	260.09%	7.93%	3.05%
PHIL POSTAL SAVINGS BANK INC	66.48%	65.07%	1.41%	2.17%
ASIA UNITED BANK CORPORATION	39.31%	38.61%	0.70%	1.81%
PRODUCERS SAVINGS BANK CORPORATION	76.87%	75.75%	1.11%	1.47%
FARMERS SAVINGS & LOAN BANK INC	95.88%	94.59%	1.29%	1.36%
THE PALAWAN BANK (PALAWAN DB) INC	71.80%	70.86%	0.94%	1.33%
RCBC SAVINGS BANK INC	126.64%	125.02%	1.62%	1.29%
FIRST CONSOLIDATED BANK INC (A PDB)	31.26%	31.01%	0.25%	0.81%
PHIL BANK OF COMMUNICATIONS	102.76%	101.99%	0.77%	0.76%
DUMAGUETE CITY DEV BANK INC	86.71%	86.06%	0.65%	0.75%
BATAAN DEVELOPMENT BANK	144.69%	144.11%	0.59%	0.41%
MERCHANTS SAVINGS & LOAN ASSN INC	54.73%	54.55%	0.18%	0.32%
UNITED OVERSEAS BANK PHILIPPINES	42.28%	42.23%	0.05%	0.12%
BPI FAMILY SAVINGS BANK INC	50.88%	50.84%	0.05%	0.09%
BDO ELITE SAVINGS BANK INC	11.09%	11.09%	0.00%	0.00%
BANK OF AMERICA N.A.	1.40%	1.40%	0.00%	-0.05%
INTER-ASIA DEVELOPMENT BANK	267.59%	268.32%	-0.73%	-0.27%
BANK ONE SAVINGS AND TRUST CORP.	38.07%	38.33%	-0.26%	-0.68%
VILLAGE BANK INC (A THRIFT BANK)	712.56%	718.14%	-5.58%	-0.78%
CHINA BANKING CORP	38.15%	38.47%	-0.32%	-0.83%
1ST VALLEY BANK INC A DEVELOPMENT BANK	53.96%	54.52%	-0.57%	-1.04%
SECURITY BANK CORP	24.33%	24.61%	-0.28%	-1.13%
BANK OF COMMERCE	184.58%	186.75%	-2.17%	-1.16%
PROGRESS SAVINGS AND LOAN BANK INC	2.86%	2.91%	-0.05%	-1.83%
QUEZON COCONUT BANK INC (A THRIFT BANK)	25.75%	26.25%	-0.50%	-1.90%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4.77%	4.88%	-0.11%	-2.17%
LEMERY SAVINGS & LOAN BANK, INC.	17.90%	18.34%	-0.44%	-2.41%
SUN SAVINGS BANK INC	11.82%	12.14%	-0.31%	-2.58%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	23.80%	24.50%	-0.69%	-2.83%
MALAYAN BANK SAVINGS AND MORT BANK INC	129.81%	133.72%	-3.90%	-2.92%
BDO PRIVATE BANK, INC.	17.73%	18.62%	-0.89%	-4.78%
BPI DIRECT SAVINGS BANK INC	23.10%	24.26%	-1.17%	-4.81%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	56.10%	59.05%	-2.95%	-4.99%
PHIL STAR DEVELOPMENT BANK INC	55.58%	58.64%	-3.06%	-5.22%
BATAAN SAVINGS AND LOAN BANK	15.74%	16.66%	-0.91%	-5.49%
CITY SAVINGS BANK INC	30.42%	32.20%	-1.78%	-5.53%
LIFE SAVINGS BANK INC	37.64%	39.96%	-2.32%	-5.81%
BDO UNIBANK INC	55.30%	58.73%	-3.43%	-5.83%
SAMPAGUITA SAVINGS BANK INC	33.96%	36.10%	-2.14%	-5.92%
PHIL TRUST COMPANY	30.59%	32.57%	-1.98%	-6.08%
TONGYANG SAVINGS BANK INC	59.74%	63.61%	-3.87%	-6.09%
WEALTH DEVELOPMENT BANK CORPORATION	95.73%	102.12%	-6.39%	-6.26%
UNIVERSITY SAVINGS BANK INC	43.22%	46.51%	-3.30%	-7.09%
NORTHPOINT DEV'T BANK INC	47.69%	51.85%	-4.16%	-8.02%
UNION BANK OF THE PHILS	65.58%	71.40%	-5.82%	-8.15%
PHILIPPINE VETERANS BANK	85.65%	93.27%	-7.62%	-8.17%
PLANTERS DEVELOPMENT BANK	191.46%	209.85%	-18.39%	-8.76%
CORDILLERA SAVINGS BANK INC	66.36%	72.76%	-6.39%	-8.79%
EQUICOM SAVINGS BANK INC	98.81%	109.80%	-11.00%	-10.02%
PHIL NATIONAL BANK	69.64%	77.80%	-8.16%	-10.48%
HIYAS BANKING CORPORATION	14.60%	16.59%	-2.00%	-12.03%
TOWER DEVELOPMENT BANK	17.71%	21.78%	-4.07%	-18.69%
WORLD PARTNERS BANK (A THRIFT BANK)	135.09%	169.14%	-34.05%	-20.13%
METROPOLITAN BANK & TCO	31.47%	39.41%	-7.94%	-20.15%
CHINA BANK SAVINGS INC	105.82%	135.86%	-30.04%	-22.11%
MALASIQUI PROGRESSIVE SLB, INC	17.41%	23.53%	-6.12%	-26.00%
LEGAZPI SAVINGS BANK INC	893.00%	1299.80%	-406.80%	-31.30%
CITIBANK, N.A.	195.89%	295.84%	-99.95%	-33.78%
DEUTSCHE BANK AG	102.27%	157.48%	-55.22%	-35.06%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	1.52%	2.92%	-1.40%	-47.94%
KOREA EXCHANGE BANK	35.42%	77.43%	-42.02%	-54.26%
BANGKOK BANK PUBLIC CO LTD	1.97%	4.51%	-2.54%	-56.36%
MIZUHO BANK LTD - MANILA BRANCH	15.87%	38.89%	-23.02%	-59.20%
ANZ BANKING GROUP LTD	21.67%	60.81%	-39.14%	-64.37%
ISLA BANK(A THRIFT BANK) INC	3.07%	8.80%	-5.73%	-65.08%
BANK OF CHINA LIMITED-MANILA BRANCH	420.43%	1218.12%	-797.68%	-65.49%
STANDARD CHARTERED BANK	45.27%	146.76%	-101.48%	-69.15%
HONGKONG & SHANGHAI BANKING CORP	32.58%	121.25%	-88.67%	-73.13%
JP MORGAN CHASE BANK NATIONAL ASSN.	3.94%	15.41%	-11.47%	-74.42%
INTERNATIONALE NEDERLANDEN GROEP BK	2.30%	14.02%	-11.72%	-83.57%
ALLIED SAVINGS BANK	6.23%	61.07%	-54.84%	-89.79%
CITYSTATE SAVINGS BANK INC	NA	33.70%	NA	NA
PACIFIC ACE SAVINGS BANK INC	NA	5.88%	NA	NA
	54.41%	58.44%	-4.03%	-6.89%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2014 to December 31, 2014
In Php
		December 31, 2014				September 30, 2014				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 %)
COMSAVINGS BANK	1,398,070,410.89	2,295,192.29	60913.00%		1,393,351,602.43	125,688,105.95	1108.58%		4,718,808.46	-123,392,913.66	59804.42%		0.34%	-98.17%	5394.69%
LEGAZPI SAVINGS BANK INC	887,433,967.77	99,376,544.76	893.00%		889,758,254.82	68,453,617.33	1299.80%		-2,324,287.05	30,922,927.43	-406.80%		-0.26%	45.17%	-31.30%
VILLAGE BANK INC (A THRIFT BANK)	623,040,423.79	87,436,393.60	712.56%		627,916,438.88	87,436,393.60	718.14%		-4,876,015.09	0.00	-5.58%		-0.78%	0.00%	-0.78%
UNITED COCONUT PLANTERS BANK	40,277,238,768.90	9,124,414,677.15	441.42%		39,033,121,983.62	12,960,345,818.80	301.17%		1,244,116,785.28	-3,835,931,141.65	140.25%		3.19%	-29.60%	46.57%
BANK OF CHINA LIMITED-MANILA BRANCH	10,482,067,027.06	2,493,167,070.43	420.43%		8,882,497,146.55	729,199,796.35	1218.12%		1,599,569,880.51	1,763,967,274.08	-797.68%		18.01%	241.90%	-65.49%
BUSINESS AND CONSUMERS BANK (A DB)	236,908,467.75	88,393,318.46	268.02%		228,694,914.96	87,928,971.96	260.09%		8,213,552.79	464,346.50	7.93%		3.59%	0.53%	3.05%
INTER-ASIA DEVELOPMENT BANK	159,467,392.11	59,594,775.33	267.59%		156,199,143.39	58,213,775.33	268.32%		3,268,248.72	1,381,000.00	-0.73%		2.09%	2.37%	-0.27%
CITIBANK, N.A.	40,615,649,358.11	20,733,444,720.19	195.89%		44,443,825,033.75	15,022,816,274.59	295.84%		-3,828,175,675.64	5,710,628,445.60	-99.95%		-8.61%	38.01%	-33.78%
PLANTERS DEVELOPMENT BANK	7,570,814,634.74	3,954,154,673.31	191.46%		8,291,359,745.77	3,951,017,511.33	209.85%		-720,545,111.03	3,137,161.98	-18.39%		-8.69%	0.08%	-8.76%
BANK OF COMMERCE	33,796,042,237.49	18,309,894,416.75	184.58%		33,726,451,433.02	18,059,781,386.87	186.75%		69,590,804.47	250,113,029.88	-2.17%		0.21%	1.38%	-1.16%
BATAAN DEVELOPMENT BANK	116,229,730.49	80,329,179.48	144.69%		117,019,714.37	81,203,599.85	144.11%		-789,983.88	-874,420.37	0.59%		-0.68%	-1.08%	0.41%
WORLD PARTNERS BANK (A THRIFT BANK)	219,765,151.79	162,677,786.98	135.09%		283,734,518.93	167,750,167.44	169.14%		-63,969,367.14	-5,072,380.46	-34.05%		-22.55%	-3.02%	-20.13%
ENTERPRISE BANK INC (A THRIFT BANK)	341,881,853.01	255,755,374.86	133.68%		305,846,145.65	247,078,321.07	123.79%		36,035,707.36	8,677,053.79	9.89%		11.78%	3.51%	7.99%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,627,040,748.55	1,253,359,735.13	129.81%		1,568,013,654.92	1,172,640,199.85	133.72%		59,027,093.63	80,719,535.28	-3.90%		3.76%	6.88%	-2.92%
RCBC SAVINGS BANK INC	10,911,337,064.66	8,615,964,747.99	126.64%		11,108,629,464.95	8,885,317,702.74	125.02%		-197,292,400.29	-269,352,954.75	1.62%		-1.78%	-3.03%	1.29%
CHINA BANK SAVINGS INC	2,984,956,647.23	2,820,790,084.25	105.82%		3,389,328,466.07	2,494,661,910.48	135.86%		-404,371,818.84	326,128,173.77	-30.04%		-11.93%	13.07%	-22.11%
PHIL BANK OF COMMUNICATIONS	8,173,759,452.41	7,954,329,897.34	102.76%		7,975,057,185.04	7,819,807,165.86	101.99%		198,702,267.37	134,522,731.48	0.77%		2.49%	1.72%	0.76%
DEUTSCHE BANK AG	2,438,930,725.66	2,384,846,604.99	102.27%		2,464,237,371.95	1,564,765,419.82	157.48%		-25,306,646.29	820,081,185.17	-55.22%		-1.03%	52.41%	-35.06%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	1,805,872,236.85	1,784,667,992.77	101.19%		1,457,194,020.96	1,806,617,844.19	80.66%		348,678,215.89	-21,949,851.42	20.53%		23.93%	-1.21%	25.45%
EQUICOM SAVINGS BANK INC	728,483,762.74	737,293,772.55	98.81%		683,585,144.30	622,549,506.55	109.80%		44,898,618.44	114,744,266.00	-11.00%		6.57%	18.43%	-10.02%
SECURITY BANK SAVINGS CORPORATION	1,567,267,759.24	1,592,166,669.95	98.44%		1,431,968,961.43	1,563,747,576.07	91.57%		135,298,797.81	28,419,093.88	6.86%		9.45%	1.82%	7.49%
FARMERS SAVINGS & LOAN BANK INC	129,376,526.17	134,938,703.28	95.88%		123,692,355.18	130,767,591.67	94.59%		5,684,170.99	4,171,111.61	1.29%		4.60%	3.19%	1.36%
WEALTH DEVELOPMENT BANK CORPORATION	450,033,969.13	470,106,341.85	95.73%		471,907,867.30	462,106,341.85	102.12%		-21,873,898.17	8,000,000.00	-6.39%		-4.64%	1.73%	-6.26%
UCPB SAVINGS BANK	2,417,178,378.13	2,539,953,439.25	95.17%		2,391,032,291.51	3,160,287,716.63	75.66%		26,146,086.62	-620,334,277.38	19.51%		1.09%	-19.63%	25.78%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,604,048,417.73	2,803,051,740.85	92.90%		1,848,604,165.44	2,467,099,996.71	74.93%		755,444,252.29	335,951,744.14	17.97%		40.87%	13.62%	23.98%
EAST WEST BANKING CORP	19,644,872,420.87	22,068,547,185.16	89.02%		16,755,382,636.62	22,056,966,641.93	75.96%		2,889,489,784.25	11,580,543.23	13.05%		17.25%	0.05%	17.18%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	149,762,322.88	169,973,982.35	88.11%		116,745,352.50	169,920,707.15	68.71%		33,016,970.38	53,275.20	19.40%		28.28%	0.03%	28.24%
DUMAGUETE CITY DEV BANK INC	207,520,022.18	239,322,684.57	86.71%		206,631,586.82	240,089,355.49	86.06%		888,435.36	-766,670.92	0.65%		0.43%	-0.32%	0.75%
PHILIPPINE VETERANS BANK	6,090,883,229.30	7,111,418,438.53	85.65%		6,635,555,905.02	7,114,383,029.07	93.27%		-544,672,675.72	-2,964,590.54	-7.62%		-8.21%	-0.04%	-8.17%
PHIL SAVINGS BANK	16,064,247,657.54	18,882,918,559.80	85.07%		15,717,573,350.25	19,070,366,004.77	82.42%		346,674,307.29	-187,447,444.97	2.65%		2.21%	-0.98%	3.22%
LUZON DEVELOPMENT BANK	446,964,841.83	578,638,564.35	77.24%		393,425,999.51	573,222,773.37	68.63%		53,538,842.32	5,415,790.98	8.61%		13.61%	0.94%	12.55%
PRODUCERS SAVINGS BANK CORPORATION	959,172,635.11	1,247,859,332.75	76.87%		962,866,867.48	1,271,082,845.37	75.75%		-3,694,232.37	-23,223,512.62	1.11%		-0.38%	-1.83%	1.47%
THE PALAWAN BANK (PALAWAN DB) INC	27,310,877.44	38,036,159.66	71.80%		26,750,951.00	37,751,079.42	70.86%		559,926.44	285,080.24	0.94%		2.09%	0.76%	1.33%
PHIL NATIONAL BANK	72,308,688,339.50	103,826,308,394.23	69.64%		77,417,161,079.86	99,508,000,840.90	77.80%		-5,108,472,740.36	4,318,307,553.33	-8.16%		-6.60%	4.34%	-10.48%
PHIL POSTAL SAVINGS BANK INC	815,836,780.23	1,227,155,878.41	66.48%		774,662,095.48	1,190,466,966.92	65.07%		41,174,684.75	36,688,911.49	1.41%		5.32%	3.08%	2.17%
CORDILLERA SAVINGS BANK INC	86,362,743.51	130,137,630.06	66.36%		85,625,497.05	117,688,932.06	72.76%		737,246.46	12,448,698.00	-6.39%		0.86%	10.58%	-8.79%
UNION BANK OF THE PHILS	35,665,182,929.24	54,384,715,306.96	65.58%		40,322,979,807.86	56,475,996,260.05	71.40%		-4,657,796,878.62	-2,091,280,953.09	-5.82%		-11.55%	-3.70%	-8.15%
METRO CEBU PUBLIC SAVINGS BANK	40,205,809.90	67,210,071.66	59.82%		37,609,700.87	68,027,735.48	55.29%		2,596,109.03	-817,663.82	4.54%		6.90%	-1.20%	8.20%
TONGYANG SAVINGS BANK INC	285,462,345.18	477,880,954.31	59.74%		305,407,620.27	480,153,522.53	63.61%		-19,945,275.09	-2,272,568.22	-3.87%		-6.53%	-0.47%	-6.09%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	200,709,855.83	357,750,382.63	56.10%		193,175,435.42	327,141,103.45	59.05%		7,534,420.41	30,609,279.18	-2.95%		3.90%	9.36%	-4.99%
MARITIME SAVINGS BANK CORPORATION	39,425,377.69	70,518,836.94	55.91%		30,588,232.64	73,572,495.26	41.58%		8,837,145.05	-3,053,658.32	14.33%		28.89%	-4.15%	34.47%
PHIL STAR DEVELOPMENT BANK INC	45,548,400.58	81,953,833.05	55.58%		44,568,521.79	76,005,235.62	58.64%		979,878.79	5,948,597.43	-3.06%		2.20%	7.83%	-5.22%
BDO UNIBANK INC	101,986,174,062.28	184,410,214,335.55	55.30%		108,730,967,479.64	185,136,669,326.66	58.73%		-6,744,793,417.36	-726,454,991.11	-3.43%		-6.20%	-0.39%	-5.83%
MERCHANTS SAVINGS & LOAN ASSN INC	272,401,148.71	497,720,715.99	54.73%		270,684,376.66	496,179,980.68	54.55%		1,716,772.05	1,540,735.31	0.18%		0.63%	0.31%	0.32%
1ST VALLEY BANK INC A DEVELOPMENT BANK	623,108,744.05	1,154,837,277.93	53.96%		682,710,652.79	1,252,106,389.20	54.52%		-59,601,908.74	-97,269,111.27	-0.57%		-8.73%	-7.77%	-1.04%
BPI FAMILY SAVINGS BANK INC	11,602,487,264.30	22,801,422,982.59	50.88%		11,558,650,824.48	22,735,458,191.17	50.84%		43,836,439.82	65,964,791.42	0.05%		0.38%	0.29%	0.09%
ROBINSONS BANK CORPORATION	3,091,213,879.59	6,421,295,309.92	48.14%		2,646,479,881.58	6,390,196,457.35	41.41%		444,733,998.01	31,098,852.57	6.73%		16.80%	0.49%	16.24%
NORTHPOINT DEV'T BANK INC	129,339,157.72	271,184,894.87	47.69%		138,190,978.66	266,512,002.62	51.85%		-8,851,820.94	4,672,892.25	-4.16%		-6.41%	1.75%	-8.02%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	45,347,177.73	98,696,812.78	45.95%		37,281,530.41	99,828,415.11	37.35%		8,065,647.32	-1,131,602.33	8.60%		21.63%	-1.13%	23.03%
STANDARD CHARTERED BANK	3,591,581,645.27	7,933,415,825.35	45.27%		4,776,143,452.10	3,254,497,240.20	146.76%		-1,184,561,806.83	4,678,918,585.15	-101.48%		-24.80%	143.77%	-69.15%
DEVELOPMENT BANK OF THE PHIL	17,385,771,541.94	38,795,716,168.79	44.81%		14,971,361,427.51	39,103,324,786.19	38.29%		2,414,410,114.43	-307,608,617.40	6.53%		16.13%	-0.79%	17.05%
UNIVERSITY SAVINGS BANK INC	117,692,120.74	272,339,254.64	43.22%		117,911,427.69	253,508,234.04	46.51%		-219,306.95	18,831,020.60	-3.30%		-0.19%	7.43%	-7.09%
UNITED OVERSEAS BANK PHILIPPINES	789,416,801.35	1,866,946,486.22	42.28%		788,381,954.09	1,866,762,291.57	42.23%		1,034,847.26	184,194.65	0.05%		0.13%	0.01%	0.12%
PAMPANGA DEVELOPMENT BANK	57,183,641.48	137,399,553.25	41.62%		51,340,101.46	136,517,522.94	37.61%		5,843,540.02	882,030.31	4.01%		11.38%	0.65%	10.67%
LAND BANK OF THE PHILIPPINES	25,307,336,763.32	60,844,694,037.05	41.59%		22,647,059,221.11	61,120,955,658.78	37.05%		2,660,277,542.21	-276,261,621.73	4.54%		11.75%	-0.45%	12.25%
ASIA UNITED BANK CORPORATION	8,235,083,827.93	20,947,510,844.42	39.31%		8,139,292,737.96	21,078,414,942.46	38.61%		95,791,089.97	-130,904,098.04	0.70%		1.18%	-0.62%	1.81%
CHINA BANKING CORP	22,235,699,226.06	58,283,559,655.42	38.15%		20,297,121,712.43	52,760,948,691.40	38.47%		1,938,577,513.63	5,522,610,964.02	-0.32%		9.55%	10.47%	-0.83%
BANK ONE SAVINGS AND TRUST CORP.	210,545,269.60	553,094,853.16	38.07%		211,984,160.84	553,094,853.16	38.33%		-1,438,891.24	0.00	-0.26%		-0.68%	0.00%	-0.68%
LIFE SAVINGS BANK INC	26,023,093.02	69,133,232.15	37.64%		27,628,518.39	69,133,232.15	39.96%		-1,605,425.37	0.00	-2.32%		-5.81%	0.00%	-5.81%
MAYBANK PHILIPPINES INC	4,172,907,962.31	11,176,105,840.42	37.34%		3,674,981,231.13	11,077,507,638.25	33.18%		497,926,731.18	98,598,202.17	4.16%		13.55%	0.89%	12.55%
RIZAL COMM'L BANKING CORP	16,977,851,703.86	46,050,957,777.86	36.87%		15,763,241,197.01	46,454,684,294.15	33.93%		1,214,610,506.85	-403,726,516.29	2.94%		7.71%	-0.87%	8.65%
OPTIMUM DEVELOPMENT BANK INC	272,190,414.39	762,376,428.71	35.70%		206,161,606.72	762,376,402.31	27.04%		66,028,807.67	26.40	8.66%		32.03%	0.00%	32.03%
KOREA EXCHANGE BANK	453,069,830.02	1,279,258,496.14	35.42%		439,879,836.71	568,070,936.39	77.43%		13,189,993.31	711,187,559.75	-42.02%		3.00%	125.19%	-54.26%
SAMPAGUITA SAVINGS BANK INC	25,625,032.57	75,448,791.64	33.96%		27,726,248.20	76,799,671.27	36.10%		-2,101,215.63	-1,350,879.63	-2.14%		-7.58%	-1.76%	-5.92%
HONGKONG & SHANGHAI BANKING CORP	4,606,727,072.89	14,138,846,593.93	32.58%		8,022,116,425.25	6,616,305,291.45	121.25%		-3,415,389,352.36	7,522,541,302.48	-88.67%		-42.57%	113.70%	-73.13%
METROPOLITAN BANK & TCO	48,204,731,264.62	153,180,391,486.45	31.47%		52,411,948,993.67	132,987,114,473.08	39.41%		-4,207,217,729.05	20,193,277,013.37	-7.94%		-8.03%	15.18%	-20.15%
FIRST CONSOLIDATED BANK INC (A PDB)	918,365,852.63	2,938,271,999.20	31.26%		924,668,796.90	2,982,302,937.80	31.01%		-6,302,944.27	-44,030,938.60	0.25%		-0.68%	-1.48%	0.81%
MEGA INT'L COMM'L BANK CO LTD	631,018,797.52	2,040,867,985.59	30.92%		544,478,715.02	2,046,228,406.05	26.61%		86,540,082.50	-5,360,420.46	4.31%		15.89%	-0.26%	16.20%
PHIL TRUST COMPANY	6,094,721,315.69	19,921,080,104.77	30.59%		6,461,719,070.99	19,836,721,465.48	32.57%		-366,997,755.30	84,358,639.29	-1.98%		-5.68%	0.43%	-6.08%
CITY SAVINGS BANK INC	1,465,935,725.95	4,818,454,987.10	30.42%		1,536,060,875.90	4,769,689,464.83	32.20%		-70,125,149.95	48,765,522.27	-1.78%		-4.57%	1.02%	-5.53%
CARD SME BANK INC A THRIFT BANK	93,408,022.98	347,930,415.79	26.85%		78,045,017.39	348,925,225.83	22.37%		15,363,005.59	-994,810.04	4.48%		19.68%	-0.29%	20.03%
BANK OF THE PHIL ISLANDS	35,431,635,263.37	136,766,379,223.24	25.91%		30,335,008,836.59	136,763,345,583.81	22.18%		5,096,626,426.78	3,033,639.43	3.73%		16.80%	0.00%	16.80%
QUEZON COCONUT BANK INC (A THRIFT BANK)	15,371,880.99	59,699,819.75	25.75%		15,663,632.99	59,677,293.64	26.25%		-291,752.00	22,526.11	-0.50%		-1.86%	0.04%	-1.90%
SECURITY BANK CORP	10,350,523,785.31	42,541,597,642.96	24.33%		10,469,287,233.26	42,541,741,568.95	24.61%		-118,763,447.95	-143,925.99	-0.28%		-1.13%	0.00%	-1.13%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	2,102,872,529.43	8,834,127,233.01	23.80%		2,146,491,053.21	8,762,427,233.01	24.50%		-43,618,523.78	71,700,000.00	-0.69%		-2.03%	0.82%	-2.83%
BPI DIRECT SAVINGS BANK INC	272,440,018.80	1,179,517,465.26	23.10%		285,707,733.12	1,177,516,551.52	24.26%		-13,267,714.32	2,000,913.74	-1.17%		-4.64%	0.17%	-4.81%
CTBC BANK (PHILIPPINES) CORP	1,528,127,877.00	6,979,451,830.86	21.89%		1,476,613,463.03	6,969,123,309.46	21.19%		51,514,413.97	10,328,521.40	0.71%		3.49%	0.15%	3.34%
ANZ BANKING GROUP LTD	972,547,002.00	4,488,259,818.30	21.67%		2,066,491,821.17	3,398,283,474.19	60.81%		-1,093,944,819.17	1,089,976,344.11	-39.14%		-52.94%	32.07%	-64.37%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	136,020,621.56	675,836,846.55	20.13%		129,600,615.37	675,836,846.55	19.18%		6,420,006.19	0.00	0.95%		4.95%	0.00%	4.95%
HSBC SAVINGS BANK(PHILS) INC	399,130,579.35	2,065,235,504.36	19.33%		354,047,261.60	2,574,800,495.39	13.75%		45,083,317.75	-509,564,991.03	5.58%		12.73%	-19.79%	40.55%
LEMERY SAVINGS & LOAN BANK, INC.	13,936,311.70	77,876,573.33	17.90%		13,810,090.98	75,312,525.58	18.34%		126,220.72	2,564,047.75	-0.44%		0.91%	3.40%	-2.41%
BDO PRIVATE BANK, INC.	975,518,095.05	5,502,235,777.13	17.73%		1,024,058,915.21	5,500,166,777.13	18.62%		-48,540,820.16	2,069,000.00	-0.89%		-4.74%	0.04%	-4.78%
TOWER DEVELOPMENT BANK	21,406,512.24	120,855,919.90	17.71%		25,910,133.12	118,943,729.37	21.78%		-4,503,620.88	1,912,190.53	-4.07%		-17.38%	1.61%	-18.69%
MALASIQUI PROGRESSIVE SLB, INC	10,608,236.00	60,919,413.73	17.41%		14,637,194.31	62,204,137.09	23.53%		-4,028,958.31	-1,284,723.36	-6.12%		-27.53%	-2.07%	-26.00%
MIZUHO BANK LTD - MANILA BRANCH	485,879,772.78	3,061,976,397.94	15.87%		1,190,784,038.94	3,061,954,599.06	38.89%		-704,904,266.16	21,798.88	-23.02%		-59.20%	0.00%	-59.20%
BATAAN SAVINGS AND LOAN BANK	10,208,322.84	64,839,303.87	15.74%		10,404,674.98	62,457,133.46	16.66%		-196,352.14	2,382,170.41	-0.91%		-1.89%	3.81%	-5.49%
HIYAS BANKING CORPORATION	24,909,371.74	170,642,703.54	14.60%		27,425,812.17	165,280,307.52	16.59%		-2,516,440.43	5,362,396.02	-2.00%		-9.18%	3.24%	-12.03%
CENTURY SAVINGS BANK CORPORATION	122,490,072.11	906,301,593.90	13.52%		105,579,662.71	906,301,593.90	11.65%		16,910,409.40	0.00	1.87%		16.02%	0.00%	16.02%
SUN SAVINGS BANK INC	13,276,207.06	112,275,942.77	11.82%		13,623,423.90	112,240,918.96	12.14%		-347,216.84	35,023.81	-0.31%		-2.55%	0.03%	-2.58%
BDO ELITE SAVINGS BANK INC	86,151,421.70	777,181,365.52	11.09%		86,151,421.70	777,181,365.52	11.09%		0.00	0.00	0.00%		0.00%	0.00%	0.00%
ALLIED SAVINGS BANK	699,956,544.23	11,229,656,247.54	6.23%		673,182,830.34	1,102,346,018.65	61.07%		26,773,713.89	10,127,310,228.89	-54.84%		3.98%	918.71%	-89.79%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	19,167,559.56	401,832,629.56	4.77%		19,605,350.97	402,110,191.57	4.88%		-437,791.41	-277,562.01	-0.11%		-2.23%	-0.07%	-2.17%
JP MORGAN CHASE BANK NATIONAL ASSN.	55,488,530.91	1,407,968,171.20	3.94%		216,934,415.68	1,407,858,625.00	15.41%		-161,445,884.77	109,546.20	-11.47%		-74.42%	0.01%	-74.42%
ISLA BANK(A THRIFT BANK) INC	20,051,281.46	652,412,033.66	3.07%		57,428,781.52	652,412,033.66	8.80%		-37,377,500.06	0.00	-5.73%		-65.08%	0.00%	-65.08%
PROGRESS SAVINGS AND LOAN BANK INC	2,397,892.53	83,792,443.94	2.86%		2,427,744.64	83,286,210.25	2.91%		-29,852.11	506,233.69	-0.05%		-1.23%	0.61%	-1.83%
INTERNATIONALE NEDERLANDEN GROEP BK	272,598,095.17	11,831,560,875.66	2.30%		363,300,236.89	2,591,276,110.65	14.02%		-90,702,141.72	9,240,284,765.01	-11.72%		-24.97%	356.59%	-83.57%
BANGKOK BANK PUBLIC CO LTD	64,999,072.70	3,300,565,917.00	1.97%		147,769,683.47	3,274,842,739.50	4.51%		-82,770,610.77	25,723,177.50	-2.54%		-56.01%	0.79%	-56.36%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	75,124,323.83	4,946,920,166.75	1.52%		144,272,504.60	4,945,420,166.75	2.92%		-69,148,180.77	1,500,000.00	-1.40%		-47.93%	0.03%	-47.94%
BANK OF AMERICA N.A.	29,707,556.15	2,116,461,209.20	1.40%		24,877,798.22	1,771,441,709.20	1.40%		4,829,757.93	345,019,500.00	0.00%		19.41%	19.48%	-0.05%
CITYSTATE SAVINGS BANK INC	NA	NA	NA		268,061,232.53	795,382,084.59	33.70%		NA	NA	NA		NA	NA	NA
PACIFIC ACE SAVINGS BANK INC	NA	NA	NA		4,603,715.00	78,353,791.94	5.88%		NA	NA	NA		NA	NA	NA
	659,476,554,799.30	1,212,008,303,267.32	54.41%		671,217,717,430.54	1,148,618,477,790.17	58.44%		-11,741,162,631.24	63,389,825,477.15	-4.03%		-1.75%	5.52%	-6.89%

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, 2014 and September 30, 2014 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.