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Monday, November 16, 2015

Philippine Banks Improve in the 1st Qtr. of 2015

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 increased by Php 35.733 billion or 5.41% from December 31, 2014 to March 31, 2015.  This increase was offset by a 5.85% 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 0.42%, from 54.42% as of December 31, 2014 to 54.20% as of March 31, 2015. On a year on year basis, the Distressed Asset Ratio has dropped 5.87% from 57.58% as of March 31, 2014 to 54.20% as of March 31, 2015.






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

  1. BDO Elite Savings Bank (50.92% decrease)
  2. Robinsons Bank Corporation (34.09% decrease)
  3. Optimum Development Bank (27.78% decrease)
  4. United Coconut Planters Bank (27.74% decrease)
  5. Progress Savings and Loan Bank Inc. (25.68% decrease)

The banks that exhibited significant deterioration (25% or more) in this ratio include:
  1. Security Bank Savings Corporation (462.34% increase)
  2. JP Morgan Chase Bank National Association (336.83% increase)
  3. Tower Development Bank 239.34% increase)
  4. Internationale Nederlanden Groep Bk (239.34% increase)
  5. Security Bank Corp (94.50% increase)
  6. Standard Chartered Bank (72.99% increase)
  7. BPI Globe Banko Inc (65.42% increase)
  8. Opportunity Kauswagan Bank (61.08% increase)
  9. Bank of America N.A. (56.77% increase)
  10. MBank Philippines (47.76% increase)
  11. Luzon Development Bank (45.59% increase)
  12. The Bank of Tokyo Mitsubishi UFJ Ltd (39.35% increase)
  13. Legazpi Savings Bank (38.18% increase)
  14. Microfinance Maximum SB (38.15% increase)
  15. BDO Private Bank (35.92% increase)
  16. Planters Development Bank (29.40% increase)
  17. Northpoint Development Bank (27.37% increase)
  18. Metro Cebu Public Savings Bank (27.12% increase)

Distressed Banks


Six of the eighteen banks with significant increases have been classified as distressed based on their ratio of Total Distressed Assets to Total Capital Cushion as of the March 31, 2014. These banks are Security Bank Savings Corporation (which had a distressed ratio of 553.54%), BPI Globe Banko Inc (distressed ratio of 175.09%), Opportunity Kauswagan Bank (distressed ratio of 141.92%), Luzon Development Bank (distressed ratio of 112.46%, Legazpi Savings Bank (distressed ratio of 1233.96%), and Planters Development Bank (distressed ratio of 247.76%).


The list of Philippine Banks classified as distressed as of March 31, 2015 are as follows:
  1. Comsavings Bank (Distressed Ratio of 68,226.10%)
  2. Legazpi Savings Bank (Distressed Ratio of 1233.96%)
  3. Village Bank Inc. (Distressed Ratio of 685.20%)
  4. Security Bank Savings Corporation (Distressed Ratio of 553.54%)
  5. Bank of China Limited - Manila Branch (Distressed Ratio of 370.08%)
  6. United Coconut Planters Bank (Distressed Ratio of 318.99%)
  7. Business and Consumers Bank (Distressed Ratio of 273.04%)
  8. Inter-Asia Development Bank (Distressed Ratio of 258.40%)
  9. Planters Development Bank (Distressed Ratio of 247.76%)
  10. Citibank, N.A. (Distressed Ratio of 214.68%)
  11. Bank of Commerce (Distressed Ratio of 184.10%)
  12. BPI Globe Banko Inc (Distressed Ratio of 175.09%)
  13. Opportunity Kauswagan Bank Inc (Distressed Ratio of 141.92%)
  14. World Partners Bank (Distressed Ratio of 141.80%)
  15. Bataan Development Bank (Distressed Ratio of 138.11%)
  16. Malayan Bank Savings and Mortgage Bank (128.80%)
  17. Enterprise Bank Inc. (Distressed Ratio of 119.89%)
  18. Luzon Development Bank (Distressed Ratio of 112.46%)
  19. RCBC Savings Bank Inc. (Distressed Ratio of 109.36%)
  20. Wealth Development Bank Corporation (Distressed Ratio of 106.91%)
  21. Philippine Bank of Communications (Distressed Ratio of 103.47%)
It is important to note that Comsavings Bank has an extremely high distressed ratio because it only has Php 38.534 million in stockholder's equity supporting Php 2.110 billion in distressed assets as of March 31, 2015.

As a group the distressed banks showed some deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 212.19% as of March 31, 2015, up from 205.15% as of December 31, 2014.  


Departures

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

  1. China Bank Savings Inc, which had a distressed ratio of 105.82% as of December 31, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 96.47% as of March 31, 2015.
  2. Deutsche Bank AG, which had a distressed ratio of 102.27% as of December 31, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 85.59% as of March 31, 2015.
  3. Philippine Resources Savings Banking Corporation, which had a distressed ratio of 101.19% as of December 31, 2014, dropped out of the list of Distressed Banks with a distressed ratio of 101.19% as of March 31, 2015.
Arrivals

Four banks entered the Distressed Banks list.  They are as follows:

  1. Security Bank Savings Corporation, which had a distressed ratio of 98.44% as of December 31, 2014, now has a distressed ratio of 553.54% as of March 31, 2015.
  2. Opportunity Kauswagan Bank Inc, which had a distressed ratio of 88.11% as of December 31, 2014, now has a distressed ratio of 141.92% as of March 31, 2015.
  3. Luzon Development Bank, which had a distressed ratio of 77.24% as of December 31, 2015, now has a distressed ratio of 112.46% as of March 31, 2015.
  4. Wealth Development Bank Corporation, which had a distressed ratio of 95.73% as of December 31, 2014, now has a distressed ratio of 106.91% as of March 31, 2015.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2014 to March 31, 2015
In Php















Bank March 31, 2015 December 31, 2014 Variance % Variance
SECURITY BANK SAVINGS CORPORATION 553.54% 98.44% 455.11% 462.34%
JP MORGAN CHASE BANK NATIONAL ASSN. 17.22% 3.94% 13.27% 336.83%
TOWER DEVELOPMENT BANK 60.10% 17.71% 42.39% 239.34%
INTERNATIONALE NEDERLANDEN GROEP BK 6.29% 2.30% 3.98% 172.87%
SECURITY BANK CORP 47.32% 24.33% 22.99% 94.50%
STANDARD CHARTERED BANK 78.32% 45.27% 33.04% 72.99%
BPI GLOBE BANKO INC A SAVINGS BANK 175.09% 105.84% 69.24% 65.42%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 141.92% 88.11% 53.81% 61.08%
BANK OF AMERICA N.A. 2.20% 1.40% 0.80% 56.77%
MBANK PHILIPPINES (A THRIFT BANK) INC 84.22% 57.00% 27.22% 47.76%
LUZON DEVELOPMENT BANK 112.46% 77.24% 35.22% 45.59%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 2.12% 1.52% 0.60% 39.35%
LEGAZPI SAVINGS BANK INC 1233.96% 893.00% 340.96% 38.18%
MICROFINANCE MAXIMUM SB INC 38.72% 28.03% 10.69% 38.15%
BDO PRIVATE BANK, INC. 24.10% 17.73% 6.37% 35.92%
PLANTERS DEVELOPMENT BANK 247.76% 191.46% 56.30% 29.40%
NORTHPOINT DEV'T BANK INC 60.75% 47.69% 13.06% 27.37%
METRO CEBU PUBLIC SAVINGS BANK 76.04% 59.82% 16.22% 27.12%
METROPOLITAN BANK & TCO 39.10% 31.47% 7.63% 24.24%
ANZ BANKING GROUP LTD 26.73% 21.67% 5.06% 23.36%
SUN SAVINGS BANK INC 14.46% 11.82% 2.64% 22.31%
MEGA INT'L COMM'L BANK CO LTD 37.61% 30.92% 6.69% 21.65%
LIFE SAVINGS BANK INC 45.63% 37.64% 7.99% 21.22%
QUEZON COCONUT BANK INC (A THRIFT BANK) 30.93% 25.75% 5.18% 20.12%
HONGKONG & SHANGHAI BANKING CORP 37.97% 32.58% 5.39% 16.53%
HIYAS BANKING CORPORATION 16.70% 14.60% 2.10% 14.37%
KOREA EXCHANGE BANK 40.22% 35.42% 4.80% 13.55%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 26.72% 23.80% 2.92% 12.26%
COMSAVINGS BANK 68226.10% 60913.00% 7313.10% 12.01%
WEALTH DEVELOPMENT BANK CORPORATION 106.91% 95.73% 11.18% 11.68%
CITIBANK, N.A. 214.68% 195.89% 18.79% 9.59%
BANK ONE SAVINGS AND TRUST CORP. 41.69% 38.07% 3.62% 9.52%
MIZUHO BANK LTD - MANILA BRANCH 17.18% 15.87% 1.31% 8.28%
MERCHANTS SAVINGS & LOAN ASSN INC 59.01% 54.73% 4.28% 7.81%
RIZAL COMM'L BANKING CORP 39.20% 36.87% 2.33% 6.32%
CITYSTATE SAVINGS BANK INC 42.46% 40.11% 2.35% 5.87%
PHIL STAR DEVELOPMENT BANK INC 58.79% 55.58% 3.22% 5.79%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 5.03% 4.77% 0.26% 5.53%
TONGYANG SAVINGS BANK INC 62.93% 59.74% 3.19% 5.35%
WORLD PARTNERS BANK (A THRIFT BANK) 141.80% 135.09% 6.71% 4.97%
ASIA UNITED BANK CORPORATION 40.75% 39.31% 1.44% 3.67%
UNION BANK OF THE PHILS 67.70% 65.58% 2.12% 3.24%
FIRST CONSOLIDATED BANK INC (A PDB) 32.25% 31.26% 0.99% 3.18%
BUSINESS AND CONSUMERS BANK (A DB) 273.04% 268.02% 5.02% 1.87%
PNB SAVINGS BANK 6.34% 6.23% 0.11% 1.78%
UNITED OVERSEAS BANK PHILIPPINES 42.96% 42.28% 0.67% 1.60%
1ST VALLEY BANK INC A DEVELOPMENT BANK 54.75% 53.96% 0.79% 1.47%
BANGKOK BANK PUBLIC CO LTD 2.00% 1.97% 0.03% 1.37%
CENTURY SAVINGS BANK CORPORATION 13.70% 13.52% 0.18% 1.35%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 56.54% 56.10% 0.44% 0.79%
PHIL BANK OF COMMUNICATIONS 103.47% 102.76% 0.71% 0.69%
PAMPANGA DEVELOPMENT BANK 41.75% 41.62% 0.13% 0.32%
DUMAGUETE CITY DEV BANK INC 86.90% 86.71% 0.19% 0.21%
BANK OF COMMERCE 184.10% 184.58% -0.47% -0.26%
UCPB SAVINGS BANK 94.54% 95.17% -0.62% -0.66%
MALAYAN BANK SAVINGS AND MORT BANK INC 128.80% 129.81% -1.02% -0.78%
UNIVERSITY SAVINGS BANK INC 42.53% 43.22% -0.69% -1.59%
PHIL NATIONAL BANK 68.31% 69.64% -1.33% -1.91%
EQUICOM SAVINGS BANK INC 96.78% 98.81% -2.02% -2.05%
ISLA BANK(A THRIFT BANK) INC 3.01% 3.07% -0.07% -2.22%
PRODUCERS SAVINGS BANK CORPORATION 74.86% 76.87% -2.00% -2.61%
MAYBANK PHILIPPINES INC 36.36% 37.34% -0.98% -2.62%
PHILIPPINE VETERANS BANK 83.21% 85.65% -2.44% -2.84%
INTER-ASIA DEVELOPMENT BANK 258.40% 267.59% -9.19% -3.43%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 19.41% 20.13% -0.72% -3.56%
VILLAGE BANK INC (A THRIFT BANK) 685.20% 712.56% -27.37% -3.84%
PHIL TRUST COMPANY 29.29% 30.59% -1.31% -4.27%
BATAAN DEVELOPMENT BANK 138.11% 144.69% -6.59% -4.55%
SAMPAGUITA SAVINGS BANK INC 31.94% 33.96% -2.02% -5.94%
FARMERS SAVINGS & LOAN BANK INC 89.38% 95.88% -6.50% -6.78%
BATAAN SAVINGS AND LOAN BANK 14.66% 15.74% -1.08% -6.89%
PACIFIC ACE SAVINGS BANK INC 9.59% 10.33% -0.74% -7.16%
LEMERY SAVINGS & LOAN BANK, INC. 16.56% 17.90% -1.33% -7.45%
PHIL SAVINGS BANK 78.50% 85.07% -6.57% -7.73%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 85.66% 92.90% -7.24% -7.79%
THE PALAWAN BANK (PALAWAN DB) INC 66.13% 71.80% -5.67% -7.90%
CHINA BANKING CORP 34.96% 38.15% -3.20% -8.38%
HSBC SAVINGS BANK(PHILS) INC 17.64% 19.33% -1.69% -8.73%
CHINA BANK SAVINGS INC 96.47% 105.82% -9.35% -8.84%
EAST WEST BANKING CORP 80.34% 89.02% -8.68% -9.75%
ENTERPRISE BANK INC (A THRIFT BANK) 119.89% 133.68% -13.78% -10.31%
BDO UNIBANK INC 49.56% 55.30% -5.74% -10.39%
MARITIME SAVINGS BANK CORPORATION 49.41% 55.91% -6.50% -11.62%
BANK OF CHINA LIMITED-MANILA BRANCH 370.08% 420.43% -50.35% -11.98%
DEVELOPMENT BANK OF THE PHIL 39.34% 44.81% -5.47% -12.21%
CORDILLERA SAVINGS BANK INC 57.62% 66.36% -8.74% -13.17%
RCBC SAVINGS BANK INC 109.36% 126.64% -17.28% -13.65%
BPI FAMILY SAVINGS BANK INC 43.70% 50.88% -7.18% -14.12%
PHIL POSTAL SAVINGS BANK INC 56.63% 66.48% -9.85% -14.82%
LAND BANK OF THE PHILIPPINES 35.33% 41.59% -6.26% -15.06%
DEUTSCHE BANK AG 85.59% 102.27% -16.68% -16.31%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 37.96% 45.95% -7.98% -17.37%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 83.18% 101.19% -18.01% -17.80%
BANK OF THE PHIL ISLANDS 21.06% 25.91% -4.84% -18.69%
CTBC BANK (PHILIPPINES) CORP 17.30% 21.89% -4.59% -20.97%
BPI DIRECT SAVINGS BANK INC 18.15% 23.10% -4.95% -21.42%
CARD SME BANK INC A THRIFT BANK 20.89% 26.85% -5.96% -22.19%
CITY SAVINGS BANK INC 23.43% 30.42% -7.00% -23.00%
MALASIQUI PROGRESSIVE SLB, INC 13.21% 17.41% -4.21% -24.15%
PROGRESS SAVINGS AND LOAN BANK INC 2.13% 2.86% -0.73% -25.68%
UNITED COCONUT PLANTERS BANK 318.99% 441.42% -122.43% -27.74%
OPTIMUM DEVELOPMENT BANK INC 25.79% 35.70% -9.92% -27.78%
ROBINSONS BANK CORPORATION 31.73% 48.14% -16.41% -34.09%
BDO ELITE SAVINGS BANK INC 5.44% 11.09% -5.65% -50.92%

54.20% 54.42% -0.23% -0.42%






Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2014 to March 31, 2015
In Php


































March 31, 2015


December 31, 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 1,392,235,785.54 2,040,620.46 68226.10%
1,398,070,410.89 2,295,192.29 60913.00%
-5,834,625.35 -254,571.83 7313.10%
-0.42% -11.09% 12.01%
LEGAZPI SAVINGS BANK INC 884,365,653.38 71,668,890.19 1233.96%
887,433,967.77 99,376,544.76 893.00%
-3,068,314.39 -27,707,654.57 340.96%
-0.35% -27.88% 38.18%
VILLAGE BANK INC (A THRIFT BANK) 625,792,779.99 91,330,174.05 685.20%
623,040,423.79 87,436,393.60 712.56%
2,752,356.20 3,893,780.45 -27.37%
0.44% 4.45% -3.84%
SECURITY BANK SAVINGS CORPORATION 8,792,570,281.33 1,588,413,414.97 553.54%
1,567,267,759.24 1,592,166,669.95 98.44%
7,225,302,522.09 -3,753,254.98 455.11%
461.01% -0.24% 462.34%
BANK OF CHINA LIMITED-MANILA BRANCH 9,701,132,952.32 2,621,331,502.11 370.08%
10,482,067,027.06 2,493,167,070.43 420.43%
-780,934,074.74 128,164,431.68 -50.35%
-7.45% 5.14% -11.98%
UNITED COCONUT PLANTERS BANK 38,371,824,198.96 12,029,067,773.11 318.99%
40,277,238,768.90 9,124,414,677.15 441.42%
-1,905,414,569.94 2,904,653,095.96 -122.43%
-4.73% 31.83% -27.74%
BUSINESS AND CONSUMERS BANK (A DB) 250,256,031.46 91,656,352.27 273.04%
236,908,467.75 88,393,318.46 268.02%
13,347,563.71 3,263,033.81 5.02%
5.63% 3.69% 1.87%
INTER-ASIA DEVELOPMENT BANK 157,476,998.01 60,943,659.80 258.40%
159,467,392.11 59,594,775.33 267.59%
-1,990,394.10 1,348,884.47 -9.19%
-1.25% 2.26% -3.43%
PLANTERS DEVELOPMENT BANK 7,694,440,581.41 3,105,561,377.23 247.76%
7,570,814,634.74 3,954,154,673.31 191.46%
123,625,946.67 -848,593,296.08 56.30%
1.63% -21.46% 29.40%
CITIBANK, N.A. 44,424,387,936.09 20,692,983,956.61 214.68%
40,615,649,358.11 20,733,444,720.19 195.89%
3,808,738,577.98 -40,460,763.58 18.79%
9.38% -0.20% 9.59%
BANK OF COMMERCE 33,682,584,191.30 18,295,365,969.21 184.10%
33,796,042,237.49 18,309,894,416.75 184.58%
-113,458,046.19 -14,528,447.54 -0.47%
-0.34% -0.08% -0.26%
BPI GLOBE BANKO INC A SAVINGS BANK 555,903,167.02 317,502,753.38 175.09%
591,845,987.03 559,172,789.05 105.84%
-35,942,820.01 -241,670,035.67 69.24%
-6.07% -43.22% 65.42%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 173,109,221.85 121,973,635.48 141.92%
149,762,322.88 169,973,982.35 88.11%
23,346,898.97 -48,000,346.87 53.81%
15.59% -28.24% 61.08%
WORLD PARTNERS BANK (A THRIFT BANK) 188,496,902.09 132,927,437.25 141.80%
219,765,151.79 162,677,786.98 135.09%
-31,268,249.70 -29,750,349.73 6.71%
-14.23% -18.29% 4.97%
BATAAN DEVELOPMENT BANK 116,429,963.36 84,304,826.74 138.11%
116,229,730.49 80,329,179.48 144.69%
200,232.87 3,975,647.26 -6.59%
0.17% 4.95% -4.55%
MALAYAN BANK SAVINGS AND MORT BANK INC 1,647,916,302.99 1,279,482,144.80 128.80%
1,627,040,748.55 1,253,359,735.13 129.81%
20,875,554.44 26,122,409.67 -1.02%
1.28% 2.08% -0.78%
ENTERPRISE BANK INC (A THRIFT BANK) 355,418,512.52 296,449,412.77 119.89%
341,881,853.01 255,755,374.86 133.68%
13,536,659.51 40,694,037.91 -13.78%
3.96% 15.91% -10.31%
LUZON DEVELOPMENT BANK 697,730,290.03 620,410,762.14 112.46%
446,964,841.83 578,638,564.35 77.24%
250,765,448.20 41,772,197.79 35.22%
56.10% 7.22% 45.59%
RCBC SAVINGS BANK INC 10,744,616,197.03 9,825,342,006.76 109.36%
10,911,337,064.66 8,615,964,747.99 126.64%
-166,720,867.63 1,209,377,258.77 -17.28%
-1.53% 14.04% -13.65%
WEALTH DEVELOPMENT BANK CORPORATION 513,576,138.61 480,371,548.58 106.91%
450,033,969.13 470,106,341.85 95.73%
63,542,169.48 10,265,206.73 11.18%
14.12% 2.18% 11.68%
PHIL BANK OF COMMUNICATIONS 8,184,723,134.45 7,910,385,394.08 103.47%
8,173,759,452.41 7,954,329,897.34 102.76%
10,963,682.04 -43,944,503.26 0.71%
0.13% -0.55% 0.69%
EQUICOM SAVINGS BANK INC 743,541,975.31 768,259,083.16 96.78%
728,483,762.74 737,293,772.55 98.81%
15,058,212.57 30,965,310.61 -2.02%
2.07% 4.20% -2.05%
CHINA BANK SAVINGS INC 2,742,937,685.35 2,843,349,806.94 96.47%
2,984,956,647.23 2,820,790,084.25 105.82%
-242,018,961.88 22,559,722.69 -9.35%
-8.11% 0.80% -8.84%
UCPB SAVINGS BANK 2,400,383,875.78 2,538,952,565.15 94.54%
2,417,178,378.13 2,539,953,439.25 95.17%
-16,794,502.35 -1,000,874.10 -0.62%
-0.69% -0.04% -0.66%
FARMERS SAVINGS & LOAN BANK INC 120,511,672.71 134,827,515.80 89.38%
129,376,526.17 134,938,703.28 95.88%
-8,864,853.46 -111,187.48 -6.50%
-6.85% -0.08% -6.78%
DUMAGUETE CITY DEV BANK INC 207,966,189.06 239,322,684.57 86.90%
207,520,022.18 239,322,684.57 86.71%
446,166.88 0.00 0.19%
0.21% 0.00% 0.21%
STERLING BANK OF ASIA INC (A SAVINGS BANK) 2,464,271,181.95 2,876,685,571.45 85.66%
2,604,048,417.73 2,803,051,740.85 92.90%
-139,777,235.78 73,633,830.60 -7.24%
-5.37% 2.63% -7.79%
DEUTSCHE BANK AG 1,896,315,916.56 2,215,707,540.15 85.59%
2,438,930,725.66 2,384,846,604.99 102.27%
-542,614,809.10 -169,139,064.84 -16.68%
-22.25% -7.09% -16.31%
MBANK PHILIPPINES (A THRIFT BANK) INC 104,203,342.70 123,726,994.24 84.22%
124,575,018.91 218,557,057.71 57.00%
-20,371,676.21 -94,830,063.47 27.22%
-16.35% -43.39% 47.76%
PHILIPPINE VETERANS BANK 6,078,788,235.32 7,305,012,418.21 83.21%
6,090,883,229.30 7,111,418,438.53 85.65%
-12,094,993.98 193,593,979.68 -2.44%
-0.20% 2.72% -2.84%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 1,828,509,178.97 2,198,216,834.13 83.18%
1,805,872,236.85 1,784,667,992.77 101.19%
22,636,942.12 413,548,841.36 -18.01%
1.25% 23.17% -17.80%
EAST WEST BANKING CORP 19,343,372,177.90 24,078,038,495.54 80.34%
19,644,872,420.87 22,068,547,185.16 89.02%
-301,500,242.97 2,009,491,310.38 -8.68%
-1.53% 9.11% -9.75%
PHIL SAVINGS BANK 16,431,312,898.10 20,931,580,838.52 78.50%
16,064,247,657.54 18,882,918,559.80 85.07%
367,065,240.56 2,048,662,278.72 -6.57%
2.28% 10.85% -7.73%
STANDARD CHARTERED BANK 6,284,742,073.20 8,024,888,405.68 78.32%
3,591,581,645.27 7,933,415,825.35 45.27%
2,693,160,427.93 91,472,580.33 33.04%
74.99% 1.15% 72.99%
METRO CEBU PUBLIC SAVINGS BANK 53,170,687.26 69,920,459.96 76.04%
40,205,809.90 67,210,071.66 59.82%
12,964,877.36 2,710,388.30 16.22%
32.25% 4.03% 27.12%
PRODUCERS SAVINGS BANK CORPORATION 1,034,571,447.68 1,381,963,385.45 74.86%
959,172,635.11 1,247,859,332.75 76.87%
75,398,812.57 134,104,052.70 -2.00%
7.86% 10.75% -2.61%
PHIL NATIONAL BANK 71,093,082,628.69 104,068,094,437.47 68.31%
72,308,688,339.50 103,826,308,394.23 69.64%
-1,215,605,710.81 241,786,043.24 -1.33%
-1.68% 0.23% -1.91%
UNION BANK OF THE PHILS 42,435,473,720.43 62,677,961,656.73 67.70%
35,665,182,929.24 54,384,715,306.96 65.58%
6,770,290,791.19 8,293,246,349.77 2.12%
18.98% 15.25% 3.24%
THE PALAWAN BANK (PALAWAN DB) INC 29,202,020.99 44,159,244.35 66.13%
27,310,877.44 38,036,159.66 71.80%
1,891,143.55 6,123,084.69 -5.67%
6.92% 16.10% -7.90%
TONGYANG SAVINGS BANK INC 298,310,327.33 474,040,690.72 62.93%
285,462,345.18 477,880,954.31 59.74%
12,847,982.15 -3,840,263.59 3.19%
4.50% -0.80% 5.35%
NORTHPOINT DEV'T BANK INC 148,220,843.59 243,988,192.87 60.75%
129,339,157.72 271,184,894.87 47.69%
18,881,685.87 -27,196,702.00 13.06%
14.60% -10.03% 27.37%
TOWER DEVELOPMENT BANK 72,248,339.64 120,204,213.56 60.10%
21,406,512.24 120,855,919.90 17.71%
50,841,827.40 -651,706.34 42.39%
237.51% -0.54% 239.34%
MERCHANTS SAVINGS & LOAN ASSN INC 252,074,459.32 427,197,144.35 59.01%
272,401,148.71 497,720,715.99 54.73%
-20,326,689.39 -70,523,571.64 4.28%
-7.46% -14.17% 7.81%
PHIL STAR DEVELOPMENT BANK INC 48,196,274.55 81,973,833.05 58.79%
45,548,400.58 81,953,833.05 55.58%
2,647,873.97 20,000.00 3.22%
5.81% 0.02% 5.79%
CORDILLERA SAVINGS BANK INC 71,086,196.14 123,366,087.49 57.62%
86,362,743.51 130,137,630.06 66.36%
-15,276,547.37 -6,771,542.57 -8.74%
-17.69% -5.20% -13.17%
PHIL POSTAL SAVINGS BANK INC 765,480,502.47 1,351,665,525.19 56.63%
815,836,780.23 1,227,155,878.41 66.48%
-50,356,277.76 124,509,646.78 -9.85%
-6.17% 10.15% -14.82%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 202,053,173.00 357,335,617.45 56.54%
200,709,855.83 357,750,382.63 56.10%
1,343,317.17 -414,765.18 0.44%
0.67% -0.12% 0.79%
1ST VALLEY BANK INC A DEVELOPMENT BANK 749,047,446.75 1,368,109,523.21 54.75%
623,108,744.05 1,154,837,277.93 53.96%
125,938,702.70 213,272,245.28 0.79%
20.21% 18.47% 1.47%
BDO UNIBANK INC 100,481,370,744.47 202,744,632,642.70 49.56%
101,986,174,062.28 184,410,214,335.55 55.30%
-1,504,803,317.81 18,334,418,307.15 -5.74%
-1.48% 9.94% -10.39%
MARITIME SAVINGS BANK CORPORATION 34,919,176.05 70,668,699.12 49.41%
39,425,377.69 70,518,836.94 55.91%
-4,506,201.64 149,862.18 -6.50%
-11.43% 0.21% -11.62%
SECURITY BANK CORP 23,650,339,221.12 49,978,057,265.47 47.32%
10,350,523,785.31 42,541,597,642.96 24.33%
13,299,815,435.81 7,436,459,622.51 22.99%
128.49% 17.48% 94.50%
LIFE SAVINGS BANK INC 29,167,977.57 63,924,870.67 45.63%
26,023,093.02 69,133,232.15 37.64%
3,144,884.55 -5,208,361.48 7.99%
12.08% -7.53% 21.22%
BPI FAMILY SAVINGS BANK INC 11,904,592,759.34 27,240,230,883.49 43.70%
11,602,487,264.30 22,801,422,982.59 50.88%
302,105,495.04 4,438,807,900.90 -7.18%
2.60% 19.47% -14.12%
UNITED OVERSEAS BANK PHILIPPINES 792,082,869.31 1,843,819,010.39 42.96%
789,416,801.35 1,866,946,486.22 42.28%
2,666,067.96 -23,127,475.83 0.67%
0.34% -1.24% 1.60%
UNIVERSITY SAVINGS BANK INC 115,809,621.65 272,320,975.70 42.53%
117,692,120.74 272,339,254.64 43.22%
-1,882,499.09 -18,278.94 -0.69%
-1.60% -0.01% -1.59%
CITYSTATE SAVINGS BANK INC 307,779,436.14 724,795,838.45 42.46%
290,726,883.42 724,796,438.45 40.11%
17,052,552.72 -600.00 2.35%
5.87% 0.00% 5.87%
PAMPANGA DEVELOPMENT BANK 60,187,734.72 144,154,031.58 41.75%
57,183,641.48 137,399,553.25 41.62%
3,004,093.24 6,754,478.33 0.13%
5.25% 4.92% 0.32%
BANK ONE SAVINGS AND TRUST CORP. 236,329,350.68 566,887,909.10 41.69%
210,545,269.60 553,094,853.16 38.07%
25,784,081.08 13,793,055.94 3.62%
12.25% 2.49% 9.52%
ASIA UNITED BANK CORPORATION 9,233,640,554.22 22,657,108,060.23 40.75%
8,235,083,827.93 20,947,510,844.42 39.31%
998,556,726.29 1,709,597,215.81 1.44%
12.13% 8.16% 3.67%
KOREA EXCHANGE BANK 516,416,288.76 1,284,097,972.17 40.22%
453,069,830.02 1,279,258,496.14 35.42%
63,346,458.74 4,839,476.03 4.80%
13.98% 0.38% 13.55%
DEVELOPMENT BANK OF THE PHIL 15,961,136,284.04 40,570,661,092.37 39.34%
17,385,771,541.94 38,795,716,168.79 44.81%
-1,424,635,257.90 1,774,944,923.58 -5.47%
-8.19% 4.58% -12.21%
RIZAL COMM'L BANKING CORP 20,142,542,921.24 51,389,247,292.97 39.20%
16,977,851,703.86 46,050,957,777.86 36.87%
3,164,691,217.38 5,338,289,515.11 2.33%
18.64% 11.59% 6.32%
METROPOLITAN BANK & TCO 58,649,522,765.40 150,010,488,374.17 39.10%
48,204,731,264.62 153,180,391,486.45 31.47%
10,444,791,500.78 -3,169,903,112.28 7.63%
21.67% -2.07% 24.24%
MICROFINANCE MAXIMUM SB INC 21,087,901.10 54,462,098.70 38.72%
19,696,346.85 70,273,799.39 28.03%
1,391,554.25 -15,811,700.69 10.69%
7.07% -22.50% 38.15%
HONGKONG & SHANGHAI BANKING CORP 5,324,012,516.85 14,022,338,639.35 37.97%
4,606,727,072.89 14,138,846,593.93 32.58%
717,285,443.96 -116,507,954.58 5.39%
15.57% -0.82% 16.53%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 42,855,064.20 112,885,626.05 37.96%
45,347,177.73 98,696,812.78 45.95%
-2,492,113.53 14,188,813.27 -7.98%
-5.50% 14.38% -17.37%
MEGA INT'L COMM'L BANK CO LTD 767,311,979.79 2,040,085,431.57 37.61%
631,018,797.52 2,040,867,985.59 30.92%
136,293,182.27 -782,554.02 6.69%
21.60% -0.04% 21.65%
MAYBANK PHILIPPINES INC 4,250,661,520.49 11,690,151,577.28 36.36%
4,172,907,962.31 11,176,105,840.42 37.34%
77,753,558.18 514,045,736.86 -0.98%
1.86% 4.60% -2.62%
LAND BANK OF THE PHILIPPINES 23,641,327,605.04 66,913,719,817.48 35.33%
25,307,336,763.32 60,844,694,037.05 41.59%
-1,666,009,158.28 6,069,025,780.43 -6.26%
-6.58% 9.97% -15.06%
CHINA BANKING CORP 20,367,681,065.14 58,267,596,506.47 34.96%
22,235,699,226.06 58,283,559,655.42 38.15%
-1,868,018,160.92 -15,963,148.95 -3.20%
-8.40% -0.03% -8.38%
FIRST CONSOLIDATED BANK INC (A PDB) 1,101,758,803.40 3,416,484,504.09 32.25%
918,365,852.63 2,938,271,999.20 31.26%
183,392,950.77 478,212,504.89 0.99%
19.97% 16.28% 3.18%
SAMPAGUITA SAVINGS BANK INC 24,101,038.37 75,446,427.87 31.94%
25,625,032.57 75,448,791.64 33.96%
-1,523,994.20 -2,363.77 -2.02%
-5.95% 0.00% -5.94%
ROBINSONS BANK CORPORATION 2,246,465,396.75 7,079,978,934.78 31.73%
3,091,213,879.59 6,421,295,309.92 48.14%
-844,748,482.84 658,683,624.86 -16.41%
-27.33% 10.26% -34.09%
QUEZON COCONUT BANK INC (A THRIFT BANK) 17,757,751.16 57,413,595.52 30.93%
15,371,880.99 59,699,819.75 25.75%
2,385,870.17 -2,286,224.23 5.18%
15.52% -3.83% 20.12%
PHIL TRUST COMPANY 6,136,767,863.38 20,953,818,006.85 29.29%
6,094,721,315.69 19,921,080,104.77 30.59%
42,046,547.69 1,032,737,902.08 -1.31%
0.69% 5.18% -4.27%
ANZ BANKING GROUP LTD 1,209,018,016.89 4,523,125,543.65 26.73%
972,547,002.00 4,488,259,818.30 21.67%
236,471,014.89 34,865,725.35 5.06%
24.31% 0.78% 23.36%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 2,541,687,145.08 9,511,588,637.10 26.72%
2,102,872,529.43 8,834,127,233.01 23.80%
438,814,615.65 677,461,404.09 2.92%
20.87% 7.67% 12.26%
OPTIMUM DEVELOPMENT BANK INC 204,333,026.45 792,442,288.34 25.79%
272,190,414.39 762,376,428.71 35.70%
-67,857,387.94 30,065,859.63 -9.92%
-24.93% 3.94% -27.78%
BDO PRIVATE BANK, INC. 1,347,475,038.67 5,591,591,534.13 24.10%
975,518,095.05 5,502,235,777.13 17.73%
371,956,943.62 89,355,757.00 6.37%
38.13% 1.62% 35.92%
CITY SAVINGS BANK INC 1,562,221,000.42 6,668,601,929.63 23.43%
1,465,935,725.95 4,818,454,987.10 30.42%
96,285,274.47 1,850,146,942.53 -7.00%
6.57% 38.40% -23.00%
BANK OF THE PHIL ISLANDS 31,980,620,199.42 151,829,400,490.84 21.06%
35,431,635,263.37 136,766,379,223.24 25.91%
-3,451,015,063.95 15,063,021,267.60 -4.84%
-9.74% 11.01% -18.69%
CARD SME BANK INC A THRIFT BANK 98,001,146.26 469,126,734.21 20.89%
93,408,022.98 347,930,415.79 26.85%
4,593,123.28 121,196,318.42 -5.96%
4.92% 34.83% -22.19%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 132,232,274.19 681,272,956.48 19.41%
136,020,621.56 675,836,846.55 20.13%
-3,788,347.37 5,436,109.93 -0.72%
-2.79% 0.80% -3.56%
BPI DIRECT SAVINGS BANK INC 266,204,903.36 1,466,739,963.04 18.15%
272,440,018.80 1,179,517,465.26 23.10%
-6,235,115.44 287,222,497.78 -4.95%
-2.29% 24.35% -21.42%
HSBC SAVINGS BANK(PHILS) INC 391,460,406.72 2,219,306,698.17 17.64%
399,130,579.35 2,065,235,504.36 19.33%
-7,670,172.63 154,071,193.81 -1.69%
-1.92% 7.46% -8.73%
CTBC BANK (PHILIPPINES) CORP 1,204,344,621.75 6,959,986,711.28 17.30%
1,528,127,877.00 6,979,451,830.86 21.89%
-323,783,255.25 -19,465,119.58 -4.59%
-21.19% -0.28% -20.97%
JP MORGAN CHASE BANK NATIONAL ASSN. 242,392,581.02 1,407,968,061.99 17.22%
55,488,530.91 1,407,968,171.20 3.94%
186,904,050.11 -109.21 13.27%
336.83% 0.00% 336.83%
MIZUHO BANK LTD - MANILA BRANCH 520,623,434.66 3,029,984,154.78 17.18%
485,879,772.78 3,061,976,397.94 15.87%
34,743,661.88 -31,992,243.16 1.31%
7.15% -1.04% 8.28%
HIYAS BANKING CORPORATION 28,488,319.49 170,639,794.32 16.70%
24,909,371.74 170,642,703.54 14.60%
3,578,947.75 -2,909.22 2.10%
14.37% 0.00% 14.37%
LEMERY SAVINGS & LOAN BANK, INC. 12,408,834.16 74,923,548.33 16.56%
13,936,311.70 77,876,573.33 17.90%
-1,527,477.54 -2,953,025.00 -1.33%
-10.96% -3.79% -7.45%
BATAAN SAVINGS AND LOAN BANK 9,425,622.50 64,296,764.51 14.66%
10,208,322.84 64,839,303.87 15.74%
-782,700.34 -542,539.36 -1.08%
-7.67% -0.84% -6.89%
SUN SAVINGS BANK INC 16,499,266.87 114,082,540.17 14.46%
13,276,207.06 112,275,942.77 11.82%
3,223,059.81 1,806,597.40 2.64%
24.28% 1.61% 22.31%
CENTURY SAVINGS BANK CORPORATION 126,580,189.54 924,062,339.47 13.70%
122,490,072.11 906,301,593.90 13.52%
4,090,117.43 17,760,745.57 0.18%
3.34% 1.96% 1.35%
MALASIQUI PROGRESSIVE SLB, INC 8,054,602.07 60,982,462.80 13.21%
10,608,236.00 60,919,413.73 17.41%
-2,553,633.93 63,049.07 -4.21%
-24.07% 0.10% -24.15%
PACIFIC ACE SAVINGS BANK INC 7,951,810.14 82,900,536.82 9.59%
8,082,911.86 78,234,553.31 10.33%
-131,101.72 4,665,983.51 -0.74%
-1.62% 5.96% -7.16%
PNB SAVINGS BANK 714,220,645.47 11,257,557,062.46 6.34%
699,956,544.23 11,229,656,247.54 6.23%
14,264,101.24 27,900,814.92 0.11%
2.04% 0.25% 1.78%
INTERNATIONALE NEDERLANDEN GROEP BK 164,895,605.89 2,622,846,326.92 6.29%
272,598,095.17 11,831,560,875.66 2.30%
-107,702,489.28 -9,208,714,548.74 3.98%
-39.51% -77.83% 172.87%
BDO ELITE SAVINGS BANK INC 86,151,421.70 1,583,649,281.18 5.44%
86,151,421.70 777,181,365.52 11.09%
0.00 806,467,915.66 -5.65%
0.00% 103.77% -50.92%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 18,957,038.53 376,601,564.39 5.03%
19,167,559.56 401,832,629.56 4.77%
-210,521.03 -25,231,065.17 0.26%
-1.10% -6.28% 5.53%
ISLA BANK(A THRIFT BANK) INC 19,887,661.47 661,796,405.99 3.01%
20,051,281.46 652,412,033.66 3.07%
-163,619.99 9,384,372.33 -0.07%
-0.82% 1.44% -2.22%
BANK OF AMERICA N.A. 46,571,982.96 2,116,461,209.20 2.20%
29,707,556.15 2,116,461,209.20 1.40%
16,864,426.81 0.00 0.80%
56.77% 0.00% 56.77%
PROGRESS SAVINGS AND LOAN BANK INC 1,782,066.95 83,794,739.22 2.13%
2,397,892.53 83,792,443.94 2.86%
-615,825.58 2,295.28 -0.73%
-25.68% 0.00% -25.68%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD 105,021,040.23 4,962,920,166.75 2.12%
75,124,323.83 4,946,920,166.75 1.52%
29,896,716.40 16,000,000.00 0.60%
39.80% 0.32% 39.35%
BANGKOK BANK PUBLIC CO LTD 66,176,872.24 3,314,810,827.00 2.00%
64,999,072.70 3,300,565,917.00 1.97%
1,177,799.54 14,244,910.00 0.03%
1.81% 0.43% 1.37%
Grand Total 696,245,374,675.97 1,284,656,999,735.14 54.20%
660,511,481,947.37 1,213,659,337,905.23 54.42%
35,733,892,728.60 70,997,661,829.91 -0.23%
5.41% 5.85% -0.42%


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 March 31, 2015 and December 31, 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.

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