Philippine Banks Improve in the 1st Qtr. of 2016

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 15.922 billion or 2.48% from December 31, 2015 to March 31, 2016.  This decrease was partially offset by a 8.26% 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 10.74%, from 46.91% as of December 31, 2015 to 41.87% as of March 31, 2016. On a year on year basis, the Distressed Asset Ratio has dropped 12.33% from 54.20% as of March 31, 2015 to just 41.87% as of March 31, 2016.

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

1. United Oversease Bank Limited - Manila Branch (87.41% decrease)
2. Industrial Bank of Korea - Manila Branch (85.84% decrease)
3. Penbank Inc (69.47% decrease)
4. Deutsche Bank (67.83% decrease)
5. Mizuho Bank Ltd (62.93% decrease)
6. Legazpi Savings Bank Inc (48.85% decrease)
7. Bank of America N.A. (41.04% decrease)
8. Bank of Commerce (38.96% decrease)
9. BDO Private Bank Inc (33.60% decrease)
10. Robinsons Bank Corporation (31.84% decrease)
11. Card SME Bank (28.45% decrease)
12. City Savings Bank (27.44% decrease)
13. Development Bank of the Philippines (27.26% decrease)
14. United Coconut Planters Bank (26.46% decrease)

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

1. The Bank of Tokyo-Mitsubishi UFJ Ltd (351.62% increase)
2. Sumitomo Mitsui Banking Corporation (101.99% increase)
3. CTBC Bank Inc (85.81% increase)
4. Tower Development Bank (81.85% increase)
5. ING Bank N.V. (80.73% increase)
6. ANZ Banking Group Ltd (69.89% increase)
7. Tongyang Savings Bank Inc (57.19% increase)
8. Philippine Trust Company (46.61% increase)
9. Al-Amanah Islamic Investment Bank of the Philippines (46.12% increase)
10. Opportunity Kauswagan Bank Inc (32.39% increase)
11. JP Morgan Chase Bank National Association (31.56% increase)
12. Maybank Philippines Inc (26.58% increase)

Distressed Banks

The list of Philippine Banks classified as distressed as of December 31, 2015 are as follows:

1. GSIS Family Savings Bank/Comsavings Bank (Distressed Ratio of -2,160.04%)
2. Village Bank Inc. (Distressed Ratio of 616.25%)
3. Bank of China Limited - Manila Branch (Distressed Ratio of 396.69%)
4. United Coconut Planters Bank (Distressed Ratio of 315.63%)
5. Inter-Asia Development Bank (Distressed Ratio of 303.05%)
6. Legazpi Savings Bank (Distressed Ratio of 197.84%)
7. China Bank Savings Inc (Distressed Ratio of 155.28%)
8. Enterprise Bank Inc. (Distressed Ratio of 144.25%)
9. Luzon Development Bank (Distressed Ratio of 140.24%)
10. Malayan Bank Savings and Mortgage Bank (128.63%)
11. Bataan Development Bank (Distressed Ratio of 120.18%)
12. Dumaguete City Development Bank Inc (Distressed Ratio of 114.41%)
13. Equicom Savings Bank Inc (Distressed Ratio of 112.97%)
14. World Partners Bank (Distressed Ratio of 107.81%)
15. Metro Cebu Public Savings Bank (Distressed Ratio of 106.76%)
16. UCPB Savings Bank (Distressed Ratio of 103.58%)

As a group, the distressed banks significant deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 240.18% as of March 31,2016, up from 228.76% as of December 31, 2015.  

Departures

There have been several departures from the list of Distressed Banks since December 31, 2015.

1. Bank of Commerce, which had a distressed rato of 152.62% as of December 31, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 93.16% as of March 31, 2016.
2. Penbank Inc, which had a distressed ratio of 157.62% as of December 31, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 48.13% as of March 31, 2016.
3. Deutsche Bank, which had a distressed ratio of 137.44% as of December 31, 2015, dropped out of the list of Distressed Banks with a distressed ratio of 44.21% as of March 31, 2016.
4. Planters Development Bank, which had a distressed ratio of 221.89% as of December 31, 2015, was absorbed by China Bank Savings Inc.

Arrivals

1. World Partners Bank entered the list of Distressed Banks with a Distressed Ratio of 107.81% as of March 31, 2016 from a Distressed Ratio of 89.93% as of December 31, 2015.
2. Metro Cebu Public Savings Bank entered the Distressed Banks list with a Distressed Ratio of 106.76% as of March 31, 2016 from a Distressed Ratio of 91.18% as of December 31, 2015.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2015 to March 31, 2016
In %
Bank	March 31, 2016	December 31, 2015	Variance	% Variance
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	6.21%	1.38%	4.84%	351.62%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.29%	0.14%	0.15%	101.99%
CTBC BANK (PHILIPPINES) CORP	31.20%	16.79%	14.41%	85.81%
TOWER DEVELOPMENT BANK	62.42%	34.33%	28.10%	81.85%
ING BANK N.V.	20.63%	11.41%	9.22%	80.73%
ANZ BANKING GROUP LTD	28.53%	16.80%	11.74%	69.89%
TONGYANG SAVINGS BANK INC	66.38%	42.23%	24.15%	57.19%
PHIL TRUST COMPANY	32.79%	22.37%	10.42%	46.61%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	12.32%	8.43%	3.89%	46.12%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	92.85%	70.14%	22.72%	32.39%
JP MORGAN CHASE BANK NATIONAL ASSN.	3.80%	2.89%	0.91%	31.56%
MAYBANK PHILIPPINES INC	66.59%	52.61%	13.98%	26.58%
PHIL POSTAL SAVINGS BANK INC	80.14%	64.58%	15.56%	24.10%
MEGA INT'L COMM'L BANK CO LTD	51.56%	42.25%	9.31%	22.04%
MBANK PHILIPPINES (A THRIFT BANK) INC	90.04%	74.64%	15.40%	20.63%
MERCHANTS SAVINGS & LOAN ASSN INC	5.03%	4.17%	0.86%	20.59%
WORLD PARTNERS BANK (A THRIFT BANK)	107.81%	89.93%	17.89%	19.89%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	27.63%	23.48%	4.16%	17.72%
METRO CEBU PUBLIC SAVINGS BANK	106.76%	91.18%	15.58%	17.09%
PHILIPPINE VETERANS BANK	89.26%	78.57%	10.69%	13.61%
CENTURY SAVINGS BANK CORPORATION	29.97%	26.70%	3.27%	12.24%
CITYSTATE SAVINGS BANK INC	47.55%	43.13%	4.42%	10.26%
PRODUCERS SAVINGS BANK CORPORATION	92.67%	85.16%	7.51%	8.82%
HONGKONG & SHANGHAI BANKING CORP	27.14%	25.31%	1.84%	7.25%
SUN SAVINGS BANK INC	12.84%	12.03%	0.81%	6.74%
MALASIQUI PROGRESSIVE SLB, INC	17.93%	16.96%	0.97%	5.70%
PAMPANGA DEVELOPMENT BANK	36.92%	35.14%	1.77%	5.05%
LUZON DEVELOPMENT BANK	140.24%	133.69%	6.56%	4.91%
BANK ONE SAVINGS AND TRUST CORP.	42.38%	40.52%	1.86%	4.59%
PACIFIC ACE SAVINGS BANK INC	9.90%	9.48%	0.42%	4.41%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	59.44%	57.25%	2.19%	3.82%
STANDARD CHARTERED BANK	60.49%	58.69%	1.80%	3.07%
BUSINESS AND CONSUMERS BANK (A DB)	18.89%	18.51%	0.38%	2.06%
ENTERPRISE BANK INC (A THRIFT BANK)	144.25%	141.97%	2.28%	1.61%
GSIS FAMILY BANK/ COMSAVINGS BANK	-2160.04%	-2132.39%	-27.64%	1.30%
MALAYAN BANK SAVINGS AND MORT BANK INC	128.63%	127.86%	0.77%	0.60%
VILLAGE BANK INC (A THRIFT BANK)	616.25%	613.67%	2.57%	0.42%
DUMAGUETE CITY DEV BANK INC	114.41%	114.11%	0.30%	0.26%
QUEZON COCONUT BANK INC (A THRIFT BANK)	25.45%	25.41%	0.04%	0.16%
PHIL STAR DEVELOPMENT BANK INC	65.63%	65.59%	0.04%	0.06%
BANGKOK BANK PUBLIC CO LTD	3.72%	3.72%	0.00%	0.05%
SAMPAGUITA SAVINGS BANK INC	35.60%	35.84%	-0.24%	-0.66%
UNIVERSITY SAVINGS BANK INC	41.84%	42.36%	-0.52%	-1.23%
METROPOLITAN BANK & TCO	29.18%	29.58%	-0.40%	-1.37%
EAST WEST BANKING CORP	68.91%	69.91%	-1.00%	-1.43%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	1.41%	1.44%	-0.02%	-1.53%
CORDILLERA SAVINGS BANK INC	35.73%	36.44%	-0.71%	-1.94%
PHIL NATIONAL BANK	53.15%	54.22%	-1.07%	-1.98%
BANK OF THE PHIL ISLANDS	21.52%	22.02%	-0.51%	-2.30%
PNB SAVINGS BANK	8.99%	9.24%	-0.24%	-2.64%
CHINA BANKING CORP	33.62%	34.67%	-1.04%	-3.01%
PHIL BANK OF COMMUNICATIONS	90.99%	93.83%	-2.84%	-3.03%
EQUICOM SAVINGS BANK INC	112.97%	116.59%	-3.61%	-3.10%
BATAAN SAVINGS AND LOAN BANK	2.70%	2.79%	-0.09%	-3.39%
INTER-ASIA DEVELOPMENT BANK	303.05%	315.28%	-12.23%	-3.88%
NORTHPOINT DEV'T BANK INC	32.55%	34.01%	-1.46%	-4.30%
UNION BANK OF THE PHILS	57.75%	61.50%	-3.75%	-6.09%
BATAAN DEVELOPMENT BANK	120.18%	128.57%	-8.39%	-6.52%
CHINA BANK SAVINGS INC	155.28%	166.75%	-11.47%	-6.88%
MARITIME SAVINGS BANK CORPORATION	43.10%	46.32%	-3.22%	-6.95%
BANK OF MAKATI (A SAVINGS BANK) INC	64.77%	69.66%	-4.90%	-7.03%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	31.70%	34.18%	-2.48%	-7.25%
KEB HANA BANK - MANILA BRANCH	31.17%	33.80%	-2.63%	-7.78%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	89.62%	97.69%	-8.07%	-8.26%
LEMERY SAVINGS & LOAN BANK, INC.	11.55%	12.64%	-1.10%	-8.70%
1ST VALLEY BANK INC A DEVELOPMENT BANK	40.15%	44.39%	-4.24%	-9.55%
HIYAS BANKING CORPORATION	16.05%	17.76%	-1.71%	-9.65%
THE PALAWAN BANK (PALAWAN DB) INC	59.63%	66.80%	-7.17%	-10.73%
ASIA UNITED BANK CORPORATION	34.09%	38.64%	-4.56%	-11.80%
UCPB SAVINGS BANK	103.58%	118.29%	-14.72%	-12.44%
ISLA BANK(A THRIFT BANK) INC	2.03%	2.32%	-0.29%	-12.50%
BPI FAMILY SAVINGS BANK INC	42.03%	48.04%	-6.01%	-12.51%
PHIL SAVINGS BANK	69.41%	79.52%	-10.11%	-12.71%
RCBC SAVINGS BANK INC	75.68%	88.16%	-12.48%	-14.16%
BDO UNIBANK INC	41.70%	48.62%	-6.92%	-14.24%
WEALTH DEVELOPMENT BANK CORPORATION	61.35%	71.58%	-10.23%	-14.29%
BANK OF CHINA LIMITED-MANILA BRANCH	396.69%	465.23%	-68.54%	-14.73%
FARMERS SAVINGS & LOAN BANK INC	61.63%	72.79%	-11.16%	-15.33%
BPI DIRECT SAVINGS BANK INC	19.75%	23.38%	-3.63%	-15.54%
LIFE SAVINGS BANK INC	43.98%	53.42%	-9.44%	-17.67%
SECURITY BANK CORP	23.31%	28.34%	-5.03%	-17.74%
RIZAL COMM'L BANKING CORP	24.57%	29.87%	-5.30%	-17.76%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	39.07%	49.04%	-9.97%	-20.33%
FIRST CONSOLIDATED BANK INC (A PDB)	32.86%	41.72%	-8.85%	-21.22%
OPTIMUM DEVELOPMENT BANK INC	33.29%	42.50%	-9.21%	-21.68%
CITIBANK, N.A.	75.70%	99.70%	-24.01%	-24.08%
SHINHAN BANK - MANILA BRANCH	0.25%	0.33%	-0.08%	-24.42%
LAND BANK OF THE  PHILIPPINES	29.97%	39.69%	-9.72%	-24.49%
UNITED COCONUT PLANTERS BANK	315.63%	429.17%	-113.54%	-26.46%
DEVELOPMENT BANK OF THE PHIL	31.32%	43.06%	-11.74%	-27.26%
CITY SAVINGS BANK INC	41.18%	56.76%	-15.57%	-27.44%
CARD SME BANK INC A THRIFT BANK	20.71%	28.94%	-8.24%	-28.45%
ROBINSONS BANK CORPORATION	23.67%	34.73%	-11.06%	-31.84%
BDO PRIVATE BANK, INC.	25.45%	38.33%	-12.88%	-33.60%
BANK OF COMMERCE	93.16%	152.62%	-59.46%	-38.96%
BANK OF AMERICA N.A.	0.71%	1.20%	-0.49%	-41.04%
LEGAZPI SAVINGS BANK INC	197.84%	386.83%	-188.98%	-48.85%
MIZUHO BANK LTD - MANILA BRANCH	3.29%	8.88%	-5.59%	-62.93%
DEUTSCHE BANK AG	44.21%	137.44%	-93.23%	-67.83%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	48.13%	157.62%	-109.49%	-69.47%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.63%	4.43%	-3.80%	-85.84%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.32%	2.54%	-2.22%	-87.41%
HSBC SAVINGS BANK(PHILS) INC	NA	11.84%	NA	NA
PLANTERS DEVELOPMENT BANK	NA	221.89%	NA	NA
PROGRESS SAVINGS AND LOAN BANK INC	NA	1.67%	NA	NA
Grand Total	41.87%	46.91%	-5.04%	-10.74%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2015 to March 31, 2016
In Php
		March 31, 2016				December 31, 2015				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 %)
VILLAGE BANK INC (A THRIFT BANK)	607,047,505.43	98,507,042.82	616.25%		556,831,461.87	90,737,510.56	613.67%		50,216,043.56	7,769,532.26	2.57%		9.02%	8.56%	0.42%
BANK OF CHINA LIMITED-MANILA BRANCH	10,461,773,775.86	2,637,248,827.89	396.69%		12,360,762,970.29	2,656,902,956.21	465.23%		-1,898,989,194.43	-19,654,128.32	-68.54%		-15.36%	-0.74%	-14.73%
UNITED COCONUT PLANTERS BANK	36,105,038,331.27	11,439,141,113.48	315.63%		36,489,118,835.14	8,502,227,574.02	429.17%		-384,080,503.87	2,936,913,539.46	-113.54%		-1.05%	34.54%	-26.46%
INTER-ASIA DEVELOPMENT BANK	181,928,691.71	60,032,404.14	303.05%		178,434,476.01	56,595,974.69	315.28%		3,494,215.70	3,436,429.45	-12.23%		1.96%	6.07%	-3.88%
LEGAZPI SAVINGS BANK INC	916,593,326.75	463,291,228.55	197.84%		920,377,443.38	237,928,897.09	386.83%		-3,784,116.63	225,362,331.46	-188.98%		-0.41%	94.72%	-48.85%
CHINA BANK SAVINGS INC	11,676,720,431.38	7,519,966,463.26	155.28%		4,180,494,365.12	2,507,115,465.51	166.75%		7,496,226,066.26	5,012,850,997.75	-11.47%		179.31%	199.94%	-6.88%
ENTERPRISE BANK INC (A THRIFT BANK)	458,910,599.16	318,128,721.32	144.25%		415,058,576.41	292,351,344.09	141.97%		43,852,022.75	25,777,377.23	2.28%		10.57%	8.82%	1.61%
LUZON DEVELOPMENT BANK	961,447,429.40	685,550,251.87	140.24%		835,187,995.92	624,743,120.16	133.69%		126,259,433.48	60,807,131.71	6.56%		15.12%	9.73%	4.91%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,561,876,593.81	1,214,212,954.20	128.63%		1,536,604,993.38	1,201,791,661.66	127.86%		25,271,600.43	12,421,292.54	0.77%		1.64%	1.03%	0.60%
BATAAN DEVELOPMENT BANK	116,870,667.31	97,245,069.83	120.18%		114,933,644.48	89,393,285.17	128.57%		1,937,022.83	7,851,784.66	-8.39%		1.69%	8.78%	-6.52%
DUMAGUETE CITY DEV BANK INC	292,628,303.01	255,768,439.33	114.41%		291,959,317.81	255,851,728.23	114.11%		668,985.20	-83,288.90	0.30%		0.23%	-0.03%	0.26%
EQUICOM SAVINGS BANK INC	952,257,946.59	842,893,942.69	112.97%		918,149,056.60	787,522,895.46	116.59%		34,108,889.99	55,371,047.23	-3.61%		3.71%	7.03%	-3.10%
WORLD PARTNERS BANK (A THRIFT BANK)	181,422,345.06	168,274,099.33	107.81%		172,285,994.70	191,585,861.61	89.93%		9,136,350.36	-23,311,762.28	17.89%		5.30%	-12.17%	19.89%
METRO CEBU PUBLIC SAVINGS BANK	62,804,365.40	58,826,562.87	106.76%		63,358,188.31	69,486,128.97	91.18%		-553,822.91	-10,659,566.10	15.58%		-0.87%	-15.34%	17.09%
UCPB SAVINGS BANK	3,011,193,498.28	2,907,230,864.97	103.58%		2,969,881,907.55	2,510,649,604.22	118.29%		41,311,590.73	396,581,260.75	-14.72%		1.39%	15.80%	-12.44%
BANK OF COMMERCE	16,754,963,179.98	17,985,142,588.14	93.16%		27,469,383,309.13	17,998,319,986.63	152.62%		-10,714,420,129.15	-13,177,398.49	-59.46%		-39.00%	-0.07%	-38.96%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	122,118,801.84	131,520,320.47	92.85%		114,771,016.15	163,639,623.55	70.14%		7,347,785.69	-32,119,303.08	22.72%		6.40%	-19.63%	32.39%
PRODUCERS SAVINGS BANK CORPORATION	1,491,232,161.76	1,609,221,462.65	92.67%		1,240,804,615.51	1,457,066,010.86	85.16%		250,427,546.25	152,155,451.79	7.51%		20.18%	10.44%	8.82%
PHIL BANK OF COMMUNICATIONS	8,463,021,000.80	9,300,905,286.99	90.99%		8,887,320,112.47	9,471,477,821.60	93.83%		-424,299,111.67	-170,572,534.61	-2.84%		-4.77%	-1.80%	-3.03%
MBANK PHILIPPINES (A THRIFT BANK) INC	79,487,296.52	88,280,987.00	90.04%		103,367,240.56	138,490,935.75	74.64%		-23,879,944.04	-50,209,948.75	15.40%		-23.10%	-36.26%	20.63%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	2,327,252,759.10	2,596,821,578.83	89.62%		2,561,487,859.99	2,622,024,132.32	97.69%		-234,235,100.89	-25,202,553.49	-8.07%		-9.14%	-0.96%	-8.26%
PHILIPPINE VETERANS BANK	6,037,001,379.84	6,763,526,833.49	89.26%		5,924,066,797.76	7,540,206,089.93	78.57%		112,934,582.08	-776,679,256.44	10.69%		1.91%	-10.30%	13.61%
PHIL POSTAL SAVINGS BANK INC	1,130,030,896.36	1,410,066,382.25	80.14%		803,325,935.02	1,243,958,319.41	64.58%		326,704,961.34	166,108,062.84	15.56%		40.67%	13.35%	24.10%
CITIBANK, N.A.	14,242,616,797.26	18,815,440,078.22	75.70%		18,715,922,943.50	18,771,848,958.62	99.70%		-4,473,306,146.24	43,591,119.60	-24.01%		-23.90%	0.23%	-24.08%
RCBC SAVINGS BANK INC	8,702,845,464.19	11,499,615,156.28	75.68%		8,837,230,482.65	10,023,657,142.95	88.16%		-134,385,018.46	1,475,958,013.33	-12.48%		-1.52%	14.72%	-14.16%
PHIL SAVINGS BANK	15,654,333,197.17	22,552,935,938.63	69.41%		16,072,923,193.52	20,212,951,724.56	79.52%		-418,589,996.35	2,339,984,214.07	-10.11%		-2.60%	11.58%	-12.71%
EAST WEST BANKING CORP	23,811,468,971.37	34,556,329,608.49	68.91%		22,846,174,246.04	32,680,775,377.21	69.91%		965,294,725.33	1,875,554,231.28	-1.00%		4.23%	5.74%	-1.43%
MAYBANK PHILIPPINES INC	8,725,483,958.68	13,103,838,803.52	66.59%		6,515,342,319.16	12,385,233,303.26	52.61%		2,210,141,639.52	718,605,500.26	13.98%		33.92%	5.80%	26.58%
TONGYANG SAVINGS BANK INC	735,285,971.68	1,107,771,339.51	66.38%		484,451,661.51	1,147,287,423.81	42.23%		250,834,310.17	-39,516,084.30	24.15%		51.78%	-3.44%	57.19%
PHIL STAR DEVELOPMENT BANK INC	60,668,323.41	92,434,555.46	65.63%		60,631,606.02	92,434,555.46	65.59%		36,717.39	0.00	0.04%		0.06%	0.00%	0.06%
BANK OF MAKATI (A SAVINGS BANK) INC	4,921,442,939.77	7,598,917,740.36	64.77%		4,955,808,875.23	7,114,206,210.36	69.66%		-34,365,935.46	484,711,530.00	-4.90%		-0.69%	6.81%	-7.03%
TOWER DEVELOPMENT BANK	77,407,995.26	124,004,653.02	62.42%		42,580,044.10	124,042,467.87	34.33%		34,827,951.16	-37,814.85	28.10%		81.79%	-0.03%	81.85%
FARMERS SAVINGS & LOAN BANK INC	84,525,374.12	137,146,990.50	61.63%		97,216,870.25	133,562,122.39	72.79%		-12,691,496.13	3,584,868.11	-11.16%		-13.05%	2.68%	-15.33%
WEALTH DEVELOPMENT BANK CORPORATION	350,152,309.18	570,777,756.23	61.35%		427,302,772.57	596,983,917.19	71.58%		-77,150,463.39	-26,206,160.96	-10.23%		-18.06%	-4.39%	-14.29%
STANDARD CHARTERED BANK	5,123,549,328.07	8,469,910,127.39	60.49%		5,067,978,164.37	8,635,581,181.80	58.69%		55,571,163.70	-165,671,054.41	1.80%		1.10%	-1.92%	3.07%
THE PALAWAN BANK (PALAWAN DB) INC	30,772,368.58	51,604,859.32	59.63%		31,892,921.37	47,745,091.20	66.80%		-1,120,552.79	3,859,768.12	-7.17%		-3.51%	8.08%	-10.73%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,796,978,347.92	3,023,241,697.66	59.44%		1,717,659,856.98	3,000,181,680.46	57.25%		79,318,490.94	23,060,017.20	2.19%		4.62%	0.77%	3.82%
UNION BANK OF THE PHILS	36,117,591,501.02	62,541,287,544.73	57.75%		36,169,588,730.40	58,816,804,232.91	61.50%		-51,997,229.38	3,724,483,311.82	-3.75%		-0.14%	6.33%	-6.09%
PHIL NATIONAL BANK	59,229,646,647.10	111,433,512,301.44	53.15%		59,848,291,624.96	110,370,895,592.80	54.22%		-618,644,977.86	1,062,616,708.64	-1.07%		-1.03%	0.96%	-1.98%
MEGA INT'L COMM'L BANK CO LTD	1,057,284,133.54	2,050,493,141.75	51.56%		864,564,048.14	2,046,293,143.61	42.25%		192,720,085.40	4,199,998.14	9.31%		22.29%	0.21%	22.04%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	221,918,865.88	461,105,119.53	48.13%		695,613,033.52	441,321,528.25	157.62%		-473,694,167.64	19,783,591.28	-109.49%		-68.10%	4.48%	-69.47%
CITYSTATE SAVINGS BANK INC	302,659,999.86	636,511,873.72	47.55%		275,250,164.90	638,242,673.73	43.13%		27,409,834.96	-1,730,800.01	4.42%		9.96%	-0.27%	10.26%
DEUTSCHE BANK AG	952,401,908.76	2,154,215,007.36	44.21%		3,287,852,162.30	2,392,198,121.84	137.44%		-2,335,450,253.54	-237,983,114.48	-93.23%		-71.03%	-9.95%	-67.83%
LIFE SAVINGS BANK INC	29,330,201.35	66,684,654.29	43.98%		33,523,759.03	62,751,735.28	53.42%		-4,193,557.68	3,932,919.01	-9.44%		-12.51%	6.27%	-17.67%
MARITIME SAVINGS BANK CORPORATION	30,797,530.51	71,452,966.96	43.10%		33,069,060.15	71,387,932.99	46.32%		-2,271,529.64	65,033.97	-3.22%		-6.87%	0.09%	-6.95%
BANK ONE SAVINGS AND TRUST CORP.	245,943,875.98	580,310,341.81	42.38%		231,555,755.08	571,463,820.50	40.52%		14,388,120.90	8,846,521.31	1.86%		6.21%	1.55%	4.59%
BPI FAMILY SAVINGS BANK INC	13,624,813,856.01	32,418,741,544.47	42.03%		13,411,703,652.61	27,919,976,261.70	48.04%		213,110,203.40	4,498,765,282.77	-6.01%		1.59%	16.11%	-12.51%
UNIVERSITY SAVINGS BANK INC	116,516,131.34	278,479,412.43	41.84%		117,855,442.23	278,208,871.37	42.36%		-1,339,310.89	270,541.06	-0.52%		-1.14%	0.10%	-1.23%
BDO UNIBANK INC	93,847,162,515.26	225,065,335,381.45	41.70%		98,102,231,590.59	201,767,104,648.56	48.62%		-4,255,069,075.33	23,298,230,732.89	-6.92%		-4.34%	11.55%	-14.24%
CITY SAVINGS BANK INC	4,056,024,573.25	9,849,238,582.72	41.18%		4,030,650,073.02	7,101,759,477.50	56.76%		25,374,500.23	2,747,479,105.22	-15.57%		0.63%	38.69%	-27.44%
1ST VALLEY BANK INC A DEVELOPMENT BANK	609,582,383.34	1,518,304,266.04	40.15%		587,490,604.56	1,323,594,513.27	44.39%		22,091,778.78	194,709,752.77	-4.24%		3.76%	14.71%	-9.55%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	47,136,608.84	120,654,187.18	39.07%		56,364,519.64	114,937,457.76	49.04%		-9,227,910.80	5,716,729.42	-9.97%		-16.37%	4.97%	-20.33%
PAMPANGA DEVELOPMENT BANK	56,322,848.31	152,566,308.90	36.92%		51,763,415.91	147,295,553.37	35.14%		4,559,432.40	5,270,755.53	1.77%		8.81%	3.58%	5.05%
CORDILLERA SAVINGS BANK INC	48,554,056.85	135,877,169.29	35.73%		49,451,500.15	135,707,437.08	36.44%		-897,443.30	169,732.21	-0.71%		-1.81%	0.13%	-1.94%
SAMPAGUITA SAVINGS BANK INC	24,361,083.54	68,425,553.24	35.60%		24,382,354.12	68,031,335.44	35.84%		-21,270.58	394,217.80	-0.24%		-0.09%	0.58%	-0.66%
ASIA UNITED BANK CORPORATION	8,350,266,693.57	24,498,034,281.18	34.09%		8,816,108,552.24	22,813,757,200.34	38.64%		-465,841,858.67	1,684,277,080.84	-4.56%		-5.28%	7.38%	-11.80%
CHINA BANKING CORP	20,473,400,349.90	60,890,825,809.74	33.62%		21,375,336,360.21	61,657,963,250.77	34.67%		-901,936,010.31	-767,137,441.03	-1.04%		-4.22%	-1.24%	-3.01%
OPTIMUM DEVELOPMENT BANK INC	292,989,699.54	880,105,707.82	33.29%		361,665,782.06	850,883,455.83	42.50%		-68,676,082.52	29,222,251.99	-9.21%		-18.99%	3.43%	-21.68%
FIRST CONSOLIDATED BANK INC (A PDB)	1,304,418,936.96	3,969,050,008.70	32.86%		1,432,239,826.52	3,433,302,388.62	41.72%		-127,820,889.56	535,747,620.08	-8.85%		-8.92%	15.60%	-21.22%
PHIL TRUST COMPANY	7,260,201,633.41	22,140,137,119.78	32.79%		4,921,869,749.77	22,004,630,410.34	22.37%		2,338,331,883.64	135,506,709.44	10.42%		47.51%	0.62%	46.61%
NORTHPOINT DEV'T BANK INC	131,541,537.59	404,094,479.06	32.55%		133,263,339.90	391,796,179.33	34.01%		-1,721,802.31	12,298,299.73	-1.46%		-1.29%	3.14%	-4.30%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	3,208,265,974.83	10,119,864,670.84	31.70%		3,250,565,001.03	9,510,357,183.27	34.18%		-42,299,026.20	609,507,487.57	-2.48%		-1.30%	6.41%	-7.25%
DEVELOPMENT BANK OF THE PHIL	14,982,014,060.40	47,829,847,714.16	31.32%		17,413,593,146.64	40,438,527,157.56	43.06%		-2,431,579,086.24	7,391,320,556.60	-11.74%		-13.96%	18.28%	-27.26%
CTBC BANK (PHILIPPINES) CORP	2,281,335,611.49	7,312,126,427.42	31.20%		1,175,526,647.89	7,000,985,936.08	16.79%		1,105,808,963.60	311,140,491.34	14.41%		94.07%	4.44%	85.81%
KEB HANA BANK - MANILA BRANCH	495,955,002.71	1,591,275,068.01	31.17%		537,290,604.13	1,589,721,674.36	33.80%		-41,335,601.42	1,553,393.65	-2.63%		-7.69%	0.10%	-7.78%
CENTURY SAVINGS BANK CORPORATION	283,250,942.31	945,122,321.12	29.97%		247,008,554.87	925,073,723.73	26.70%		36,242,387.44	20,048,597.39	3.27%		14.67%	2.17%	12.24%
LAND BANK OF THE  PHILIPPINES	24,899,635,054.94	83,092,202,003.50	29.97%		26,521,882,544.07	66,830,223,203.17	39.69%		-1,622,247,489.13	16,261,978,800.33	-9.72%		-6.12%	24.33%	-24.49%
METROPOLITAN BANK & TCO	56,295,106,045.00	192,938,454,807.54	29.18%		58,130,228,624.45	196,505,872,177.64	29.58%		-1,835,122,579.45	-3,567,417,370.10	-0.40%		-3.16%	-1.82%	-1.37%
ANZ BANKING GROUP LTD	1,265,151,911.75	4,433,712,765.32	28.53%		743,914,613.19	4,429,020,736.80	16.80%		521,237,298.56	4,692,028.52	11.74%		70.07%	0.11%	69.89%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	187,844,238.19	679,763,457.26	27.63%		160,664,246.77	684,403,924.57	23.48%		27,179,991.42	-4,640,467.31	4.16%		16.92%	-0.68%	17.72%
HONGKONG & SHANGHAI BANKING CORP	3,874,871,277.22	14,275,144,798.63	27.14%		3,640,650,557.31	14,385,254,431.09	25.31%		234,220,719.91	-110,109,632.46	1.84%		6.43%	-0.77%	7.25%
QUEZON COCONUT BANK INC (A THRIFT BANK)	15,206,814.96	59,748,536.65	25.45%		15,088,359.03	59,379,139.84	25.41%		118,455.93	369,396.81	0.04%		0.79%	0.62%	0.16%
BDO PRIVATE BANK, INC.	1,492,120,826.67	5,862,943,892.90	25.45%		1,991,186,413.35	5,195,464,795.47	38.33%		-499,065,586.68	667,479,097.43	-12.88%		-25.06%	12.85%	-33.60%
RIZAL COMM'L BANKING CORP	15,250,814,912.92	62,075,375,611.04	24.57%		17,025,540,815.97	56,993,402,695.31	29.87%		-1,774,725,903.05	5,081,972,915.73	-5.30%		-10.42%	8.92%	-17.76%
ROBINSONS BANK CORPORATION	3,133,176,724.64	13,235,033,140.18	23.67%		2,476,960,025.47	7,131,138,838.50	34.73%		656,216,699.17	6,103,894,301.68	-11.06%		26.49%	85.59%	-31.84%
SECURITY BANK CORP	13,143,697,899.54	56,389,511,785.51	23.31%		13,743,154,799.18	48,500,210,695.19	28.34%		-599,456,899.64	7,889,301,090.32	-5.03%		-4.36%	16.27%	-17.74%
BANK OF THE PHIL ISLANDS	35,527,626,736.95	165,112,221,408.81	21.52%		32,194,818,542.44	146,178,482,570.03	22.02%		3,332,808,194.51	18,933,738,838.78	-0.51%		10.35%	12.95%	-2.30%
CARD SME BANK INC A THRIFT BANK	130,690,797.90	631,175,921.44	20.71%		135,898,655.32	469,570,782.19	28.94%		-5,207,857.42	161,605,139.25	-8.24%		-3.83%	34.42%	-28.45%
ING BANK N.V.	529,986,737.05	2,568,995,906.81	20.63%		291,981,780.61	2,557,950,204.78	11.41%		238,004,956.44	11,045,702.03	9.22%		81.51%	0.43%	80.73%
BPI DIRECT SAVINGS BANK INC	349,025,398.15	1,767,367,348.65	19.75%		345,221,925.17	1,476,402,643.66	23.38%		3,803,472.98	290,964,704.99	-3.63%		1.10%	19.71%	-15.54%
BUSINESS AND CONSUMERS BANK (A DB)	17,300,136.43	91,572,162.10	18.89%		16,591,330.22	89,631,792.07	18.51%		708,806.21	1,940,370.03	0.38%		4.27%	2.16%	2.06%
MALASIQUI PROGRESSIVE SLB, INC	10,784,742.62	60,163,130.22	17.93%		10,360,314.44	61,089,755.22	16.96%		424,428.18	-926,625.00	0.97%		4.10%	-1.52%	5.70%
HIYAS BANKING CORPORATION	24,527,556.84	152,831,795.84	16.05%		27,150,110.98	152,853,860.82	17.76%		-2,622,554.14	-22,064.98	-1.71%		-9.66%	-0.01%	-9.65%
SUN SAVINGS BANK INC	20,157,097.30	156,978,445.63	12.84%		18,450,450.58	153,367,738.08	12.03%		1,706,646.72	3,610,707.55	0.81%		9.25%	2.35%	6.74%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	43,546,691.17	353,499,879.17	12.32%		31,988,297.17	379,423,835.68	8.43%		11,558,394.00	-25,923,956.51	3.89%		36.13%	-6.83%	46.12%
LEMERY SAVINGS & LOAN BANK, INC.	9,193,825.55	79,634,508.49	11.55%		9,993,861.58	79,034,714.75	12.64%		-800,036.03	599,793.74	-1.10%		-8.01%	0.76%	-8.70%
PACIFIC ACE SAVINGS BANK INC	7,272,485.91	73,469,448.40	9.90%		7,200,791.49	75,953,107.77	9.48%		71,694.42	-2,483,659.37	0.42%		1.00%	-3.27%	4.41%
PNB SAVINGS BANK	1,048,475,820.97	11,659,679,103.56	8.99%		1,074,459,089.40	11,633,679,534.67	9.24%		-25,983,268.43	25,999,568.89	-0.24%		-2.42%	0.22%	-2.64%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	308,593,289.17	4,967,420,166.75	6.21%		68,329,868.80	4,967,420,166.75	1.38%		240,263,420.37	0.00	4.84%		351.62%	0.00%	351.62%
MERCHANTS SAVINGS & LOAN ASSN INC	31,118,798.50	618,665,112.34	5.03%		28,269,141.68	677,751,954.57	4.17%		2,849,656.82	-59,086,842.23	0.86%		10.08%	-8.72%	20.59%
JP MORGAN CHASE BANK NATIONAL ASSN.	53,516,620.75	1,406,989,114.78	3.80%		40,699,989.91	1,407,724,000.00	2.89%		12,816,630.84	-734,885.22	0.91%		31.49%	-0.05%	31.56%
BANGKOK BANK PUBLIC CO LTD	126,439,631.36	3,398,086,552.00	3.72%		126,476,445.35	3,400,771,927.00	3.72%		-36,813.99	-2,685,375.00	0.00%		-0.03%	-0.08%	0.05%
MIZUHO BANK LTD - MANILA BRANCH	99,756,038.17	3,029,989,699.43	3.29%		269,117,232.14	3,029,990,103.14	8.88%		-169,361,193.97	-403.71	-5.59%		-62.93%	0.00%	-62.93%
BATAAN SAVINGS AND LOAN BANK	1,633,194.32	60,558,902.93	2.70%		1,690,437.78	60,558,902.93	2.79%		-57,243.46	0.00	-0.09%		-3.39%	0.00%	-3.39%
ISLA BANK(A THRIFT BANK) INC	13,542,361.12	667,107,466.57	2.03%		15,241,015.34	656,964,240.35	2.32%		-1,698,654.22	10,143,226.22	-0.29%		-11.15%	1.54%	-12.50%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	30,080,119.15	2,128,098,534.24	1.41%		30,525,458.29	2,126,668,534.24	1.44%		-445,339.14	1,430,000.00	-0.02%		-1.46%	0.07%	-1.53%
BANK OF AMERICA N.A.	14,988,924.60	2,123,761,205.20	0.71%		25,422,826.12	2,123,761,205.20	1.20%		-10,433,901.52	0.00	-0.49%		-41.04%	0.00%	-41.04%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	13,619,474.35	2,172,443,222.95	0.63%		96,187,069.40	2,171,948,865.28	4.43%		-82,567,595.05	494,357.67	-3.80%		-85.84%	0.02%	-85.84%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	7,700,352.99	2,406,290,644.55	0.32%		29,966,382.29	1,179,033,458.56	2.54%		-22,266,029.30	1,227,257,185.99	-2.22%		-74.30%	104.09%	-87.41%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	37,539,495.96	13,016,591,938.93	0.29%		18,564,130.99	13,002,370,356.34	0.14%		18,975,364.97	14,221,582.59	0.15%		102.22%	0.11%	101.99%
SHINHAN BANK - MANILA BRANCH	5,456,496.18	2,201,746,715.00	0.25%		7,219,274.96	2,201,623,570.00	0.33%		-1,762,778.78	123,145.00	-0.08%		-24.42%	0.01%	-24.42%
GSIS FAMILY BANK/ COMSAVINGS BANK	1,388,430,990.85	-64,278,097.71	-2160.04%		1,395,614,335.77	-65,448,243.20	-2132.39%		-7,183,344.92	1,170,145.49	-27.64%		-0.51%	-1.79%	1.30%
HSBC SAVINGS BANK(PHILS) INC	NA	NA	NA		221,111,434.37	1,867,465,111.75	11.84%		NA	NA	NA		NA	NA	NA
PLANTERS DEVELOPMENT BANK	NA	NA	NA		7,711,750,827.00	3,475,549,539.90	221.89%		NA	NA	NA		NA	NA	NA
PROGRESS SAVINGS AND LOAN BANK INC	NA	NA	NA		1,333,533.18	79,824,612.05	1.67%		NA	NA	NA		NA	NA	NA
Grand Total	617,361,471,316.87	1,474,422,402,731.71	41.87%		641,217,656,678.96	1,366,947,320,465.19	46.91%		-15,921,989,567.54	112,897,921,530.22	-5.04%		-2.48%	8.26%	-10.74%

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 March 31, 2016 and December 31, 2015 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.