Are Philippine Banks Under Provisioning Loan Losses? - As of June 30, 2016

Are Philippine banks under provisioning loan losses?

On the face of it, no.

At 1.65% as of June 30, 2016, NPLs as a percentage of Total Loan Portfolios are at historic lows.

While the NPL coverage ratio is near historic highs at 133.11% as of June 30, 2016, indicating that most banks are adequately provisioned, the ratio is starting to trend downwards and has been doing so for the past three years.

However, NPLs can go much higher than current levels.  Over the past thirty years, NPLs as a percentage of Total Loan Portfolios averaged 8.78% for Philippine Universal and Commercial Banks. Moreover, Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP) have averaged 4.75% for the past thirty years.  As can be seen from the chart below, loan loss reserves hit a peak of 22.23% of TLP in 1986, an outlier.  Without this outlier, LLR/TLP average is 4.27% for the past thirty years.

As of June 30, 2016, LLR/TLP stands at 2.20%, which is below the historical average of 4.27%, indicating that Philippine banks are under-provisioning for loan losses, given historical norms. If Philippine banks were to maintain higher loan loss provisions to conform to historical averages, bank earnings will suffer but will be better provisioned for future losses.





Now, which banks have not adequately provisioned for loan losses at their current NPL levels, which are at historic lows? Those highlighted in yellow (below 80% NPL Coverage Ratio) are prime candidates.

Philippine Banking System
NPL Coverage Ratio
June 30, 2016
Bank	Loan Loss Provisions	Gross NPLs	NPL Coverage Ratio
CITYSTATE SAVINGS BANK INC	29,712,617.86	172,898,179.50	17.19%
PHIL POSTAL SAVINGS BANK INC	313,107,143.75	1,536,950,165.58	20.37%
MARITIME SAVINGS BANK CORPORATION	6,948,645.24	32,410,761.69	21.44%
PHIL STAR DEVELOPMENT BANK INC	6,454,022.91	27,476,658.77	23.49%
LUZON DEVELOPMENT BANK	131,966,669.64	494,353,264.19	26.69%
METRO CEBU PUBLIC SAVINGS BANK	4,953,358.32	18,411,436.08	26.90%
ENTERPRISE BANK INC (A THRIFT BANK)	55,353,813.66	203,795,569.05	27.16%
LIFE SAVINGS BANK INC	4,075,321.67	14,292,306.20	28.51%
EQUICOM SAVINGS BANK INC	198,797,566.90	630,278,538.32	31.54%
PRODUCERS SAVINGS BANK CORPORATION	148,312,084.15	347,199,257.38	42.72%
CHINA BANK SAVINGS INC	2,028,729,027.84	4,597,231,811.04	44.13%
BUSINESS AND CONSUMERS BANK (A DB)	5,623,291.03	12,553,457.91	44.79%
BATAAN DEVELOPMENT BANK	22,746,786.84	49,870,042.34	45.61%
PAMPANGA DEVELOPMENT BANK	25,818,613.34	54,236,611.11	47.60%
CENTURY SAVINGS BANK CORPORATION	17,747,579.87	36,913,862.74	48.08%
1ST VALLEY BANK INC A DEVELOPMENT BANK	223,403,207.14	441,108,498.96	50.65%
MALAYAN BANK SAVINGS AND MORT BANK INC	185,649,835.75	346,183,356.28	53.63%
MAYBANK PHILIPPINES INC	1,434,674,647.54	2,669,115,822.47	53.75%
INTER-ASIA DEVELOPMENT BANK	4,716,868.03	8,643,105.28	54.57%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	853,127,276.86	1,488,786,917.29	57.30%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	88,170,604.74	148,090,024.00	59.54%
EAST WEST BANKING CORP	4,711,477,378.24	7,912,724,772.09	59.54%
LEMERY SAVINGS & LOAN BANK, INC.	2,694,843.51	4,490,116.81	60.02%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	604,041,263.84	998,463,824.41	60.50%
DUMAGUETE CITY DEV BANK INC	18,933,844.50	31,101,011.91	60.88%
BANK OF MAKATI (A SAVINGS BANK) INC	1,573,064,785.99	2,532,282,531.41	62.12%
MALASIQUI PROGRESSIVE SLB, INC	7,184,596.38	11,269,279.25	63.75%
UNITED COCONUT PLANTERS BANK	4,459,420,241.08	6,911,986,469.19	64.52%
WEALTH DEVELOPMENT BANK CORPORATION	123,447,293.06	188,858,007.72	65.37%
RCBC SAVINGS BANK INC	2,137,012,545.11	3,199,420,755.50	66.79%
BANK ONE SAVINGS AND TRUST CORP.	22,094,599.83	33,065,795.27	66.82%
STANDARD CHARTERED BANK	1,563,280,967.21	2,284,530,263.09	68.43%
ANZ BANKING GROUP LTD	278,595,585.60	405,496,014.93	68.70%
ASIA UNITED BANK CORPORATION	1,787,052,601.74	2,547,367,758.05	70.15%
PNB SAVINGS BANK	451,994,826.03	634,871,221.72	71.19%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,062,951,000.48	1,408,994,771.06	75.44%
SAMPAGUITA SAVINGS BANK INC	17,591,087.34	22,793,200.13	77.18%
NORTHPOINT DEV'T BANK INC	70,495,119.82	90,582,110.63	77.82%
TOWER DEVELOPMENT BANK	5,384,178.71	6,685,537.47	80.53%
UCPB SAVINGS BANK	535,399,498.58	661,234,335.20	80.97%
PHILIPPINE VETERANS BANK	1,341,618,638.49	1,622,350,451.99	82.70%
CORDILLERA SAVINGS BANK INC	13,415,675.60	16,133,117.87	83.16%
OPTIMUM DEVELOPMENT BANK INC	44,215,809.90	53,012,292.60	83.41%
SUN SAVINGS BANK INC	13,128,990.79	15,076,384.11	87.08%
CITY SAVINGS BANK INC	1,167,405,306.49	1,334,979,051.51	87.45%
DEVELOPMENT BANK OF THE PHIL	6,102,019,962.84	6,911,247,997.24	88.29%
BPI FAMILY SAVINGS BANK INC	6,329,880,019.50	7,159,565,168.62	88.41%
PACIFIC ACE SAVINGS BANK INC	3,179,420.24	3,585,558.79	88.67%
LEGAZPI SAVINGS BANK INC	401,814,762.28	452,148,179.99	88.87%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	58,170,976.06	65,330,857.95	89.04%
PHIL BANK OF COMMUNICATIONS	2,048,523,995.31	2,290,272,280.26	89.44%
ROBINSONS BANK CORPORATION	660,708,903.88	736,544,892.86	89.70%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	19,171,204.16	21,263,240.90	90.16%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	21,162,208.82	23,281,894.32	90.90%
THE PALAWAN BANK (PALAWAN DB) INC	18,882,676.82	20,480,768.99	92.20%
WORLD PARTNERS BANK (A THRIFT BANK)	74,239,747.31	79,014,643.18	93.96%
PHIL SAVINGS BANK	4,277,993,167.06	4,530,087,688.77	94.44%
FARMERS SAVINGS & LOAN BANK INC	31,418,132.71	32,517,022.88	96.62%
MBANK PHILIPPINES (A THRIFT BANK) INC	42,626,590.24	43,962,199.62	96.96%
BATAAN SAVINGS AND LOAN BANK	1,595,044.62	1,611,819.28	98.96%
MICROFINANCE MAXIMUM SB INC	2,268,856.85	2,225,328.29	101.96%
BPI DIRECT SAVINGS BANK INC	226,232,039.42	214,944,591.75	105.25%
UNION BANK OF THE PHILS	8,704,213,938.79	8,218,543,573.33	105.91%
TONGYANG SAVINGS BANK INC	112,061,459.66	104,687,339.74	107.04%
VILLAGE BANK INC (A THRIFT BANK)	21,809,265.59	20,141,994.78	108.28%
HONGKONG & SHANGHAI BANKING CORP	981,203,722.83	895,618,873.66	109.56%
BANK OF COMMERCE	2,119,632,602.94	1,886,506,044.85	112.36%
CTBC BANK (PHILIPPINES) CORP	532,137,157.57	472,679,805.76	112.58%
CHINA BANKING CORP	6,306,325,862.48	4,911,880,180.52	128.39%
PHIL NATIONAL BANK	11,540,969,653.77	8,768,808,377.16	131.61%
LAND BANK OF THE PHILIPPINES	10,980,298,288.88	8,111,482,236.93	135.37%
FIRST CONSOLIDATED BANK INC (A PDB)	662,459,968.75	465,383,904.95	142.35%
HSBC SAVINGS BANK(PHILS) INC	99,535,324.95	68,072,101.26	146.22%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,350,781.52	893,105.94	151.25%
MERCHANTS SAVINGS & LOAN ASSN INC	22,856,839.85	15,073,857.84	151.63%
BANK OF CHINA LIMITED-MANILA BRANCH	293,454,774.49	189,040,895.91	155.23%
BDO UNIBANK INC	24,333,841,082.64	14,719,008,662.34	165.32%
RIZAL COMM'L BANKING CORP	3,320,277,428.22	1,916,664,973.55	173.23%
HIYAS BANKING CORPORATION	28,762,365.69	16,135,287.17	178.26%
BANK OF THE PHIL ISLANDS	13,549,323,083.55	7,354,653,970.24	184.23%
CARD SME BANK INC A THRIFT BANK	73,570,445.95	38,629,666.38	190.45%
PHIL TRUST COMPANY	2,229,403,428.42	1,158,050,201.78	192.51%
UNIVERSITY SAVINGS BANK INC	42,576,227.15	20,846,206.47	204.24%
KOREA EXCHANGE BANK	49,295,622.91	23,050,189.24	213.86%
SECURITY BANK CORP	3,435,726,132.11	1,601,550,101.28	214.53%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4,067,517.76	1,092,048.97	372.47%
METROPOLITAN BANK & TCO	10,589,832,461.64	2,804,893,015.34	377.55%
CITIBANK, N.A.	5,597,817,935.35	826,105,236.33	677.62%
BANGKOK BANK PUBLIC CO LTD	318,492,250.00	46,936,941.43	678.55%
ING BANK N.V.	67,685,908.78	96.12	70418132.31%
BANK OF AMERICA N.A.	27,700,000.00	0.00	NA
BDO PRIVATE BANK, INC.	181,050,261.34	0.00	NA
CATHAY UNITED BANK CO LTD - MANILA BRANCH	6,773,044.06	0.00	NA
DEUTSCHE BANK AG	93,908,874.70	0.00	NA
INDUSTRIAL BANK OF KOREA MANILA BRANCH	7,986,287.97	0.00	NA
ISLA BANK(A THRIFT BANK) INC	4,290,580.33	0.00	NA
JP MORGAN CHASE BANK NATIONAL ASSN.	19,265,114.78	0.00	NA
MEGA INT'L COMM'L BANK CO LTD	256,278,317.08	0.00	NA
MIZUHO BANK LTD - MANILA BRANCH	329,988,262.95	0.00	NA
SHINHAN BANK - MANILA BRANCH	2,516,770.00	0.00	NA
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	47,102,184.19	0.00	NA
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	388,210,030.46	0.00	NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	6,326,254.85	0.00	NA
Grand Total	155,512,254,884.47	133,503,081,743.06	116.49%

Source: www.bsp.gov.ph

The Top Distressed Philippine Banks as of June 30, 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.  A bank that has a Distressed Ratio greater than 100% is flagged as borderline insolvent.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks

This is a list of the top distressed Universal and Commercial (U/KB) as well as Thrift Banks in the Philippines as of June 30, 2016.  It updates a previous blog post: "The Top Distressed Philippine Banks as of March 31, 2016".

To see where your bank stands relative to these banks, please check the previous blog post: "Philippine Banks Improve in the 1st Qtr of 2016".

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
June 30, 2016
In Php
	June 30, 2016
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
VILLAGE BANK INC (A THRIFT BANK)	619,979,347.90	98,494,178.93	629.46%
BANK OF CHINA LIMITED-MANILA BRANCH	10,709,032,114.48	2,635,845,380.78	406.28%
INTER-ASIA DEVELOPMENT BANK	205,993,228.66	59,995,124.07	343.35%
UNITED COCONUT PLANTERS BANK	31,727,332,260.91	11,457,421,212.57	276.92%
CITIBANK, N.A.	32,795,763,879.23	18,855,820,098.26	173.93%
PHIL POSTAL SAVINGS BANK INC	2,186,152,732.18	1,377,028,468.11	158.76%
CHINA BANK SAVINGS INC	11,788,231,465.15	7,562,884,881.59	155.87%
LUZON DEVELOPMENT BANK	1,040,568,998.77	681,252,849.24	152.74%
ENTERPRISE BANK INC (A THRIFT BANK)	449,426,495.64	318,128,721.32	141.27%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,658,354,334.29	1,180,263,058.09	140.51%
BATAAN DEVELOPMENT BANK	115,867,297.55	97,417,468.47	118.94%
EQUICOM SAVINGS BANK INC	949,232,686.08	810,441,670.86	117.13%
METRO CEBU PUBLIC SAVINGS BANK	65,720,023.21	58,302,220.66	112.72%
DUMAGUETE CITY DEV BANK INC	296,690,638.75	270,074,160.98	109.86%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	2,853,432,931.52	2,605,539,908.46	109.51%
LEGAZPI SAVINGS BANK INC	918,499,747.08	884,259,426.32	103.87%
Grand Total	98,380,278,181.40	48,953,168,828.71	200.97%

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 June 30, 2016 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.

Philippine Banks Deteriorate Slightly in the 2nd 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 increased by Php 12.20 billion or 1.97% from March 31, 2016 to June 30, 2016.  This increase was partially offset by a 1.35% 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 increased slightly by 0.16%, from 41.83% as of March 31, 2016 to 41.99% as of June 30, 2016. On a year on year basis, the Distressed Asset Ratio has dropped 13.42% from 48.50% as of June 30, 2015 to just 41.99% as of June 30, 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. Microfinance Maximum SB Inc (78.64% decrease)
2. Korea Exchange Bank (57.13% decrease)
3. Legazpi Savings Bank Inc (47.50% decrease)
4. ING Bank N.V. (42.17% decrease)
5. Security Bank Corp (39.01% decrease)
6. Century Savings Bank Corporation (39.00% decrease)
7. Producer's Savings Bank Corporation (26.97% decrease)

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

1. JP Morgan Chase Bank National Association (955.84% increase)
2. Industrial Bank of Korea - Manila  Branch (275.88% increase)
3. Mizuho Bank Ltd - Manila Branch ( 176.87% increase)
4. Citibank, N.A. (129.77% increase)
5. Bank of America, N.A. (109.67% increase)
6. Philippine Postal Savings Bank Inc (98.10% increase)
7. Hiyas Banking Corporation (64.13% increase)
8. Penbank Inc (55.84% increase)
9. The Palawan Bank (49.84% increase)
10. TongYang Savings Bank (47.37% increase)
11. Maritime Savings Bank Corporation (44.00% increase)
12. Citystate Savings Bank Inc (41.28% increase)
13. Asia United Bank Corporation (40.94% increase)
14. Wealth Development Bank Corporation (40.91% increase)
15. Development Bank of the Philippines (40.87% increase)
16. Cordillera Savings Bank Inc (38.72% increase)
17. HSBC Savings Bank (Phils) Inc (33.30% increase)
18. United Overseas Bank Limited Manila Branch (32.71% increase)
19. Mega International Commercial Bank (27.30% increase)
20. Standard Chartered Bank (27.16% increase)
21. Sun Savings Bank Inc (26.17% increase)

Distressed Banks

The list of Philippine Banks classified as distressed as of June 30, 2016 are as follows:

1. Village Bank Inc. (Distressed Ratio of 629.46%)
2. Bank of China Limited - Manila Branch (Distressed Ratio of 406.28%)
3. Inter-Asia Development Bank (Distressed Ratio of 343.35%)
4. United Coconut Planters Bank (Distressed Ratio of 276.92%)
5. Citibank, N.A. (Distressed Ratio of 173.93%)
6. Philippine Postal Savings Bank Inc (158.76% increase)
7. China Bank Savings Inc (Distressed Ratio of 155.87%)
8. Luzon Development Bank (Distressed Ratio of 152.74%)
9. Enterprise Bank Inc. (Distressed Ratio of 141.27%)
10. Malayan Bank Savings and Mortgage Bank (140.51%)
11. Bataan Development Bank (Distressed Ratio of 118.94%)
12. Equicom Savings Bank Inc (Distressed Ratio of 117.13%)
13. Metro Cebu Public Savings Bank (Distressed Ratio of 112.72%)
14. Dumaguete City Development Bank Inc (Distressed Ratio of 109.86%)
15. Philippine Resources Savings Banking Corporation (Distressed Ratio of 109.51%)
16. Legazpi Savings Bank (Distressed Ratio of 103.87%)

As a group, the distressed banks showed significant improvement in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 200.97% as of June 30, 2016, down from 240.18% as of March 31, 2016.  

Departures

There have been two departures from the list of Distressed Banks since March 31, 2016:

1. World Partners Bank, which had a distressed ratio of 107.81% as of March 31, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 82.34% as of June 30, 2016.
2. Microfinance Maximum SB, which had a distressed ratio of 352.23% as of March 31, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 75.25% as of June 30, 2016.

Arrivals

1. Citibank, N.A., entered the list of Distressed Banks with a Distressed Ratio of 173.93% as of June 30, 2016, from a Distressed Ratio of 75.70% as of March 31, 2016.
2. Philippine Postal Savings Bank Inc, entered the Distressed Banks list with a Distressed Ratio of 158.76% as of June 30, 2016, from a Distressed Ratio of 80.14% as of March 31, 2016.
3. Philippine Resources Savings Banking Corporation, entered the Distressed Banks list with a Distressed Ratio of 89.62% as of June 30, 2016, from a Distressed Ratio of 89.62% as of March 31, 2016.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2016 to June 30, 2016
In %
Bank	June 30, 2016	March 31, 2016	Variance	% Variance
JP MORGAN CHASE BANK NATIONAL ASSN.	40.16%	3.80%	36.36%	955.84%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	2.36%	0.63%	1.73%	275.88%
MIZUHO BANK LTD - MANILA BRANCH	9.12%	3.29%	5.82%	176.87%
CITIBANK, N.A.	173.93%	75.70%	98.23%	129.77%
BANK OF AMERICA N.A.	1.48%	0.71%	0.77%	109.67%
PHIL POSTAL SAVINGS BANK INC	158.76%	80.14%	78.62%	98.10%
HIYAS BANKING CORPORATION	26.34%	16.05%	10.29%	64.13%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	75.00%	48.13%	26.87%	55.84%
THE PALAWAN BANK (PALAWAN DB) INC	89.35%	59.63%	29.72%	49.84%
TONGYANG SAVINGS BANK INC	97.82%	66.38%	31.44%	47.37%
MARITIME SAVINGS BANK CORPORATION	62.07%	43.10%	18.96%	44.00%
CITYSTATE SAVINGS BANK INC	67.18%	47.55%	19.63%	41.28%
ASIA UNITED BANK CORPORATION	48.04%	34.09%	13.95%	40.94%
WEALTH DEVELOPMENT BANK CORPORATION	86.44%	61.35%	25.10%	40.91%
DEVELOPMENT BANK OF THE PHIL	44.12%	31.32%	12.80%	40.87%
CORDILLERA SAVINGS BANK INC	49.57%	35.73%	13.84%	38.72%
HSBC SAVINGS BANK(PHILS) INC	12.77%	9.58%	-0.29%	33.30%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.42%	0.32%	0.10%	32.71%
MEGA INT'L COMM'L BANK CO LTD	65.64%	51.56%	14.07%	27.30%
STANDARD CHARTERED BANK	76.92%	60.49%	16.43%	27.16%
SUN SAVINGS BANK INC	16.20%	12.84%	3.36%	26.17%
DEUTSCHE BANK AG	54.23%	44.21%	10.02%	22.66%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	109.51%	89.62%	19.89%	22.20%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.35%	0.29%	0.06%	22.05%
ROBINSONS BANK CORPORATION	28.33%	23.67%	4.66%	19.68%
BPI FAMILY SAVINGS BANK INC	49.91%	42.03%	7.88%	18.75%
PNB SAVINGS BANK	10.45%	8.99%	1.46%	16.26%
BANGKOK BANK PUBLIC CO LTD	4.26%	3.72%	0.54%	14.57%
BANK OF THE PHIL ISLANDS	24.54%	21.52%	3.02%	14.05%
MALASIQUI PROGRESSIVE SLB, INC	20.43%	17.93%	2.51%	14.00%
INTER-ASIA DEVELOPMENT BANK	343.35%	303.05%	40.30%	13.30%
BATAAN SAVINGS AND LOAN BANK	3.03%	2.70%	0.33%	12.34%
CITY SAVINGS BANK INC	46.22%	41.18%	5.04%	12.25%
LEMERY SAVINGS & LOAN BANK, INC.	12.94%	11.55%	1.40%	12.10%
MALAYAN BANK SAVINGS AND MORT BANK INC	140.51%	128.63%	11.87%	9.23%
LUZON DEVELOPMENT BANK	152.74%	140.24%	12.50%	8.91%
CARD SME BANK INC A THRIFT BANK	22.45%	20.71%	1.75%	8.44%
BDO PRIVATE BANK, INC.	27.51%	25.45%	2.06%	8.07%
LAND BANK OF THE PHILIPPINES	32.26%	29.97%	2.29%	7.66%
CTBC BANK (PHILIPPINES) CORP	33.22%	31.20%	2.02%	6.47%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	1.50%	1.41%	0.09%	6.09%
METRO CEBU PUBLIC SAVINGS BANK	112.72%	106.76%	5.96%	5.58%
FARMERS SAVINGS & LOAN BANK INC	64.79%	61.63%	3.16%	5.13%
CHINA BANKING CORP	35.18%	33.62%	1.55%	4.62%
EQUICOM SAVINGS BANK INC	117.13%	112.97%	4.15%	3.67%
PAMPANGA DEVELOPMENT BANK	38.24%	36.92%	1.32%	3.57%
HONGKONG & SHANGHAI BANKING CORP	28.08%	27.14%	0.93%	3.44%
UNION BANK OF THE PHILS	59.43%	57.75%	1.68%	2.91%
ISLA BANK(A THRIFT BANK) INC	2.09%	2.03%	0.06%	2.71%
PHIL SAVINGS BANK	71.16%	69.41%	1.75%	2.52%
BANK OF CHINA LIMITED-MANILA BRANCH	406.28%	396.69%	9.59%	2.42%
MERCHANTS SAVINGS & LOAN ASSN INC	5.15%	5.03%	0.12%	2.32%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	60.71%	59.44%	1.28%	2.15%
VILLAGE BANK INC (A THRIFT BANK)	629.46%	616.25%	13.21%	2.14%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	32.28%	31.70%	0.58%	1.83%
FIRST CONSOLIDATED BANK INC (A PDB)	33.45%	32.86%	0.58%	1.78%
PHILIPPINE VETERANS BANK	90.46%	89.26%	1.20%	1.34%
BPI DIRECT SAVINGS BANK INC	19.91%	19.75%	0.16%	0.83%
UNIVERSITY SAVINGS BANK INC	42.06%	41.84%	0.22%	0.51%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	93.29%	92.85%	0.43%	0.47%
CHINA BANK SAVINGS INC	155.87%	155.28%	0.59%	0.38%
BANK OF MAKATI (A SAVINGS BANK) INC	64.94%	64.77%	0.17%	0.27%
RCBC SAVINGS BANK INC	75.68%	75.68%	0.00%	0.00%
SAMPAGUITA SAVINGS BANK INC	35.58%	35.60%	-0.03%	-0.07%
PHIL NATIONAL BANK	52.75%	53.15%	-0.41%	-0.76%
BATAAN DEVELOPMENT BANK	118.94%	120.18%	-1.24%	-1.03%
PACIFIC ACE SAVINGS BANK INC	9.74%	9.90%	-0.16%	-1.59%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	12.11%	12.32%	-0.21%	-1.71%
ENTERPRISE BANK INC (A THRIFT BANK)	141.27%	144.25%	-2.98%	-2.07%
NORTHPOINT DEV'T BANK INC	31.80%	32.55%	-0.75%	-2.30%
PHIL STAR DEVELOPMENT BANK INC	64.01%	65.63%	-1.62%	-2.47%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	26.93%	27.63%	-0.71%	-2.55%
EAST WEST BANKING CORP	67.13%	68.91%	-1.78%	-2.58%
BANK ONE SAVINGS AND TRUST CORP.	40.87%	42.38%	-1.51%	-3.57%
DUMAGUETE CITY DEV BANK INC	109.86%	114.41%	-4.56%	-3.98%
OPTIMUM DEVELOPMENT BANK INC	31.76%	33.29%	-1.53%	-4.58%
PHIL TRUST COMPANY	31.22%	32.79%	-1.57%	-4.79%
BUSINESS AND CONSUMERS BANK (A DB)	17.90%	18.89%	-0.99%	-5.26%
1ST VALLEY BANK INC A DEVELOPMENT BANK	38.00%	40.15%	-2.15%	-5.35%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	36.67%	39.07%	-2.40%	-6.15%
ANZ BANKING GROUP LTD	26.56%	28.53%	-1.98%	-6.94%
RIZAL COMM'L BANKING CORP	22.46%	24.57%	-2.10%	-8.56%
QUEZON COCONUT BANK INC (A THRIFT BANK)	23.26%	25.45%	-2.19%	-8.61%
BDO UNIBANK INC	37.52%	41.70%	-4.17%	-10.01%
BANK OF COMMERCE	83.42%	93.16%	-9.74%	-10.46%
METROPOLITAN BANK & TCO	25.72%	29.18%	-3.46%	-11.87%
UNITED COCONUT PLANTERS BANK	276.92%	315.63%	-38.71%	-12.27%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	5.44%	6.21%	-0.77%	-12.40%
LIFE SAVINGS BANK INC	38.05%	43.98%	-5.94%	-13.50%
PHIL BANK OF COMMUNICATIONS	75.42%	90.99%	-15.58%	-17.12%
MAYBANK PHILIPPINES INC	54.04%	66.59%	-12.54%	-18.84%
UCPB SAVINGS BANK	80.39%	103.58%	-23.19%	-22.39%
SHINHAN BANK - MANILA BRANCH	0.19%	0.25%	-0.06%	-23.11%
TOWER DEVELOPMENT BANK	47.79%	62.42%	-14.63%	-23.44%
WORLD PARTNERS BANK (A THRIFT BANK)	82.34%	107.81%	-25.47%	-23.63%
MBANK PHILIPPINES (A THRIFT BANK) INC	68.35%	90.04%	-21.69%	-24.09%
PRODUCERS SAVINGS BANK CORPORATION	67.67%	92.67%	-25.00%	-26.97%
CENTURY SAVINGS BANK CORPORATION	18.28%	29.97%	-11.69%	-39.00%
SECURITY BANK CORP	14.22%	23.31%	-9.09%	-39.01%
ING BANK N.V.	11.93%	20.63%	-8.70%	-42.17%
LEGAZPI SAVINGS BANK INC	103.87%	197.84%	-93.97%	-47.50%
KOREA EXCHANGE BANK	13.36%	31.17%	-17.80%	-57.13%
MICROFINANCE MAXIMUM SB INC	75.25%	352.23%	-276.98%	-78.64%
COMSAVINGS BANK	NA	-2160.04%	NA	NA
Grand Total	41.99%	41.83%	0.16%	0.39%

Philippine Banking System Total Distressed Assets/ Total Capital Cushion March 31, 2016 to June 30, 2016 In Php June 30, 2016 March 31, 2016 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 %) VILLAGE BANK INC (A THRIFT BANK) 619,979,347.90 98,494,178.93 629.46% 607,047,505.43 98,507,042.82 616.25% BANK OF CHINA LIMITED-MANILA BRANCH 10,709,032,114.48 2,635,845,380.78 406.28% 10,461,773,775.86 2,637,248,827.89 396.69% INTER-ASIA DEVELOPMENT BANK 205,993,228.66 59,995,124.07 343.35% 181,928,691.71 60,032,404.14 303.05% UNITED COCONUT PLANTERS BANK 31,727,332,260.91 11,457,421,212.57 276.92% 36,105,038,331.27 11,439,141,113.48 315.63% CITIBANK, N.A. 32,795,763,879.23 18,855,820,098.26 173.93% 14,242,616,797.26 18,815,440,078.22 75.70% PHIL POSTAL SAVINGS BANK INC 2,186,152,732.18 1,377,028,468.11 158.76% 1,130,030,896.36 1,410,066,382.25 80.14% CHINA BANK SAVINGS INC 11,788,231,465.15 7,562,884,881.59 155.87% 11,676,720,431.38 7,519,966,463.26 155.28% LUZON DEVELOPMENT BANK 1,040,568,998.77 681,252,849.24 152.74% 961,447,429.40 685,550,251.87 140.24% ENTERPRISE BANK INC (A THRIFT BANK) 449,426,495.64 318,128,721.32 141.27% 458,910,599.16 318,128,721.32 144.25% MALAYAN BANK SAVINGS AND MORT BANK INC 1,658,354,334.29 1,180,263,058.09 140.51% 1,561,876,593.81 1,214,212,954.20 128.63% BATAAN DEVELOPMENT BANK 115,867,297.55 97,417,468.47 118.94% 116,870,667.31 97,245,069.83 120.18% EQUICOM SAVINGS BANK INC 949,232,686.08 810,441,670.86 117.13% 952,257,946.59 842,893,942.69 112.97% METRO CEBU PUBLIC SAVINGS BANK 65,720,023.21 58,302,220.66 112.72% 62,804,365.40 58,826,562.87 106.76% DUMAGUETE CITY DEV BANK INC 296,690,638.75 270,074,160.98 109.86% 292,628,303.01 255,768,439.33 114.41% PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS 2,853,432,931.52 2,605,539,908.46 109.51% 2,327,252,759.10 2,596,821,578.83 89.62% LEGAZPI SAVINGS BANK INC 918,499,747.08 884,259,426.32 103.87% 916,593,326.75 463,291,228.55 197.84% TONGYANG SAVINGS BANK INC 1,080,087,121.33 1,104,181,017.06 97.82% 735,285,971.68 1,107,771,339.51 66.38% OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) 132,798,576.96 142,355,582.61 93.29% 122,118,801.84 131,520,320.47 92.85% PHILIPPINE VETERANS BANK 6,134,783,772.20 6,782,018,450.78 90.46% 6,037,001,379.84 6,763,526,833.49 89.26% THE PALAWAN BANK (PALAWAN DB) INC 46,543,023.64 52,090,298.66 89.35% 30,772,368.58 51,604,859.32 59.63% WEALTH DEVELOPMENT BANK CORPORATION 480,634,472.47 556,021,224.86 86.44% 350,152,309.18 570,777,756.23 61.35% BANK OF COMMERCE 14,820,807,582.42 17,766,487,799.14 83.42% 16,754,963,179.98 17,985,142,588.14 93.16% WORLD PARTNERS BANK (A THRIFT BANK) 179,724,640.46 218,273,345.93 82.34% 181,422,345.06 168,274,099.33 107.81% UCPB SAVINGS BANK 2,350,794,808.96 2,924,384,249.64 80.39% 3,011,193,498.28 2,907,230,864.97 103.58% STANDARD CHARTERED BANK 6,497,771,198.61 8,447,476,654.25 76.92% 5,123,549,328.07 8,469,910,127.39 60.49% RCBC SAVINGS BANK INC 8,831,331,985.13 11,669,892,977.02 75.68% 8,702,845,464.19 11,499,615,156.28 75.68% PHIL BANK OF COMMUNICATIONS 8,105,832,394.15 10,748,220,252.55 75.42% 8,463,021,000.80 9,300,905,286.99 90.99% MICROFINANCE MAXIMUM SB INC 33,210,966.19 44,133,295.97 75.25% 33,189,757.18 9,422,785.40 352.23% PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) 341,871,291.68 455,827,192.36 75.00% 221,918,865.88 461,105,119.53 48.13% PHIL SAVINGS BANK 15,902,621,170.70 22,348,225,366.90 71.16% 15,654,333,197.17 22,552,935,938.63 69.41% MBANK PHILIPPINES (A THRIFT BANK) INC 56,836,932.25 83,155,985.09 68.35% 79,487,296.52 88,280,987.00 90.04% PRODUCERS SAVINGS BANK CORPORATION 1,071,730,473.61 1,583,706,929.50 67.67% 1,491,232,161.76 1,609,221,462.65 92.67% CITYSTATE SAVINGS BANK INC 423,148,039.94 629,899,590.55 67.18% 302,659,999.86 636,511,873.72 47.55% EAST WEST BANKING CORP 23,254,500,115.26 34,641,215,021.54 67.13% 23,811,468,971.37 34,556,329,608.49 68.91% MEGA INT'L COMM'L BANK CO LTD 1,363,522,455.04 2,077,386,784.75 65.64% 1,057,284,133.54 2,050,493,141.75 51.56% BANK OF MAKATI (A SAVINGS BANK) INC 4,709,931,912.17 7,252,754,185.59 64.94% 4,921,442,939.77 7,598,917,740.36 64.77% FARMERS SAVINGS & LOAN BANK INC 87,948,868.66 135,742,889.86 64.79% 84,525,374.12 137,146,990.50 61.63% PHIL STAR DEVELOPMENT BANK INC 58,994,056.56 92,159,764.82 64.01% 60,668,323.41 92,434,555.46 65.63% MARITIME SAVINGS BANK CORPORATION 44,347,726.47 71,452,966.96 62.07% 30,797,530.51 71,452,966.96 43.10% STERLING BANK OF ASIA INC (A SAVINGS BANK) 1,877,710,906.23 3,092,696,092.40 60.71% 1,796,978,347.92 3,023,241,697.66 59.44% UNION BANK OF THE PHILS 37,170,900,518.62 62,547,687,972.49 59.43% 36,117,591,501.02 62,541,287,544.73 57.75% DEUTSCHE BANK AG 1,162,688,637.10 2,144,005,611.53 54.23% 952,401,908.76 2,154,215,007.36 44.21% MAYBANK PHILIPPINES INC 7,173,384,329.68 13,273,460,867.36 54.04% 8,725,483,958.68 13,103,838,803.52 66.59% PHIL NATIONAL BANK 58,960,279,185.78 111,781,340,055.77 52.75% 59,229,646,647.10 111,433,512,301.44 53.15% BPI FAMILY SAVINGS BANK INC 14,037,371,571.58 28,125,967,373.76 49.91% 13,624,813,856.01 32,418,741,544.47 42.03% CORDILLERA SAVINGS BANK INC 66,009,597.63 133,164,213.82 49.57% 48,554,056.85 135,877,169.29 35.73% ASIA UNITED BANK CORPORATION 11,830,855,921.64 24,627,249,496.23 48.04% 8,350,266,693.57 24,498,034,281.18 34.09% TOWER DEVELOPMENT BANK 60,627,023.87 126,857,901.88 47.79% 77,407,995.26 124,004,653.02 62.42% CITY SAVINGS BANK INC 4,305,466,452.47 9,314,328,574.73 46.22% 4,056,024,573.25 9,849,238,582.72 41.18% DEVELOPMENT BANK OF THE PHIL 21,145,209,685.53 47,921,639,771.50 44.12% 14,982,014,060.40 47,829,847,714.16 31.32% UNIVERSITY SAVINGS BANK INC 116,355,527.49 276,673,352.60 42.06% 116,516,131.34 278,479,412.43 41.84% BANK ONE SAVINGS AND TRUST CORP. 239,281,366.95 585,519,717.87 40.87% 245,943,875.98 580,310,341.81 42.38% JP MORGAN CHASE BANK NATIONAL ASSN. 565,052,073.14 1,406,989,114.78 40.16% 53,516,620.75 1,406,989,114.78 3.80% PAMPANGA DEVELOPMENT BANK 58,793,524.53 153,766,308.90 38.24% 56,322,848.31 152,566,308.90 36.92% LIFE SAVINGS BANK INC 25,327,401.02 66,570,981.15 38.05% 29,330,201.35 66,684,654.29 43.98% 1ST VALLEY BANK INC A DEVELOPMENT BANK 585,653,235.62 1,541,073,749.58 38.00% 609,582,383.34 1,518,304,266.04 40.15% BDO UNIBANK INC 84,131,263,673.24 224,211,020,346.35 37.52% 93,847,162,515.26 225,065,335,381.45 41.70% DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC 44,122,167.69 120,332,918.96 36.67% 47,136,608.84 120,654,187.18 39.07% SAMPAGUITA SAVINGS BANK INC 25,325,892.50 71,185,553.24 35.58% 24,361,083.54 68,425,553.24 35.60% CHINA BANKING CORP 20,795,762,853.37 59,117,830,809.55 35.18% 20,473,400,349.90 60,890,825,809.74 33.62% FIRST CONSOLIDATED BANK INC (A PDB) 1,323,691,560.42 3,957,381,599.15 33.45% 1,304,418,936.96 3,969,050,008.70 32.86% CTBC BANK (PHILIPPINES) CORP 2,429,237,114.34 7,312,712,143.15 33.22% 2,281,335,611.49 7,312,126,427.42 31.20% PHILIPPINE BUSINESS BANK INC A SAVINGS BANK 3,268,643,391.03 10,125,481,546.95 32.28% 3,208,265,974.83 10,119,864,670.84 31.70% LAND BANK OF THE PHILIPPINES 24,661,514,545.22 76,445,571,575.79 32.26% 24,899,635,054.94 83,092,202,003.50 29.97% NORTHPOINT DEV'T BANK INC 130,332,474.72 409,803,569.78 31.80% 131,541,537.59 404,094,479.06 32.55% OPTIMUM DEVELOPMENT BANK INC 277,199,937.76 872,676,014.05 31.76% 292,989,699.54 880,105,707.82 33.29% PHIL TRUST COMPANY 6,825,647,719.44 21,862,744,639.38 31.22% 7,260,201,633.41 22,140,137,119.78 32.79% ROBINSONS BANK CORPORATION 3,755,506,940.45 13,254,717,905.17 28.33% 3,133,176,724.64 13,235,033,140.18 23.67% HONGKONG & SHANGHAI BANKING CORP 3,991,006,573.88 14,214,130,886.51 28.08% 3,874,871,277.22 14,275,144,798.63 27.14% BDO PRIVATE BANK, INC. 1,612,766,083.53 5,863,528,764.61 27.51% 1,492,120,826.67 5,862,943,892.90 25.45% QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK 183,003,457.03 679,589,460.77 26.93% 187,844,238.19 679,763,457.26 27.63% ANZ BANKING GROUP LTD 1,196,009,082.24 4,503,785,092.02 26.56% 1,265,151,911.75 4,433,712,765.32 28.53% HIYAS BANKING CORPORATION 45,815,998.71 173,930,899.12 26.34% 24,527,556.84 152,831,795.84 16.05% METROPOLITAN BANK & TCO 49,693,073,961.79 193,245,467,606.43 25.72% 56,295,106,045.00 192,938,454,807.54 29.18% BANK OF THE PHIL ISLANDS 39,648,491,136.22 161,564,418,183.00 24.54% 35,527,626,736.95 165,112,221,408.81 21.52% QUEZON COCONUT BANK INC (A THRIFT BANK) 13,783,057.28 59,257,121.40 23.26% 15,206,814.96 59,748,536.65 25.45% RIZAL COMM'L BANKING CORP 13,731,077,682.95 61,122,834,898.26 22.46% 15,250,814,912.92 62,075,375,611.04 24.57% CARD SME BANK INC A THRIFT BANK 137,654,404.51 613,090,060.61 22.45% 130,690,797.90 631,175,921.44 20.71% MALASIQUI PROGRESSIVE SLB, INC 12,294,267.28 60,163,130.22 20.43% 10,784,742.62 60,163,130.22 17.93% BPI DIRECT SAVINGS BANK INC 353,863,457.11 1,777,169,034.01 19.91% 349,025,398.15 1,767,367,348.65 19.75% CENTURY SAVINGS BANK CORPORATION 173,197,442.00 947,419,573.39 18.28% 283,250,942.31 945,122,321.12 29.97% BUSINESS AND CONSUMERS BANK (A DB) 16,282,176.73 90,972,723.57 17.90% 17,300,136.43 91,572,162.10 18.89% SUN SAVINGS BANK INC 25,545,270.57 157,678,505.91 16.20% 20,157,097.30 156,978,445.63 12.84% SECURITY BANK CORP 13,158,640,511.91 92,558,782,092.26 14.22% 13,143,697,899.54 56,389,511,785.51 23.31% KOREA EXCHANGE BANK 211,028,611.54 1,579,295,622.91 13.36% 495,955,002.71 1,591,275,068.01 31.17% LEMERY SAVINGS & LOAN BANK, INC. 10,287,476.78 79,492,740.49 12.94% 9,193,825.55 79,634,508.49 11.55% HSBC SAVINGS BANK(PHILS) INC 248,280,625.51 1,943,897,034.50 12.77% 186,808,141.06 1,949,621,188.57 9.58% AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS 42,899,269.92 354,300,964.25 12.11% 43,546,691.17 353,499,879.17 12.32% ING BANK N.V. 306,344,993.39 2,567,685,908.78 11.93% 529,986,737.05 2,568,995,906.81 20.63% PNB SAVINGS BANK 1,215,841,638.98 11,629,696,240.70 10.45% 1,048,475,820.97 11,659,679,103.56 8.99% PACIFIC ACE SAVINGS BANK INC 7,157,243.30 73,474,102.32 9.74% 7,272,485.91 73,469,448.40 9.90% MIZUHO BANK LTD - MANILA BRANCH 276,195,608.04 3,029,988,262.95 9.12% 99,756,038.17 3,029,989,699.43 3.29% THE BNK OF TOKYO-MITSUBISHI UFJ LTD 270,315,539.75 4,967,420,166.75 5.44% 308,593,289.17 4,967,420,166.75 6.21% MERCHANTS SAVINGS & LOAN ASSN INC 31,896,242.39 619,754,920.06 5.15% 31,118,798.50 618,665,112.34 5.03% BANGKOK BANK PUBLIC CO LTD 145,532,155.32 3,413,773,927.00 4.26% 126,439,631.36 3,398,086,552.00 3.72% BATAAN SAVINGS AND LOAN BANK 1,834,690.62 60,558,902.93 3.03% 1,633,194.32 60,558,902.93 2.70% INDUSTRIAL BANK OF KOREA MANILA BRANCH 51,341,733.87 2,178,746,799.92 2.36% 13,619,474.35 2,172,443,222.95 0.63% ISLA BANK(A THRIFT BANK) INC 13,911,524.28 667,204,109.68 2.09% 13,542,361.12 667,107,466.57 2.03% CATHAY UNITED BANK CO LTD - MANILA BRANCH 31,992,853.23 2,133,441,578.30 1.50% 30,080,119.15 2,128,098,534.24 1.41% BANK OF AMERICA N.A. 31,427,594.00 2,123,761,205.20 1.48% 14,988,924.60 2,123,761,205.20 0.71% UNITED OVERSEAS BANK LIMITED MANILA BRANCH 10,219,528.93 2,406,326,254.85 0.42% 7,700,352.99 2,406,290,644.55 0.32% SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH 45,930,206.03 13,048,951,437.01 0.35% 37,539,495.96 13,016,591,938.93 0.29% SHINHAN BANK - MANILA BRANCH 4,197,140.41 2,202,516,770.00 0.19% 5,456,496.18 2,201,746,715.00 0.25% COMSAVINGS BANK NA NA NA 1,388,430,990.85 -64,278,097.71 -2160.04% Grand Total 628,388,406,235.35 1,496,373,185,413.66 41.99% 617,581,469,215.11 1,476,381,446,705.68 41.83%

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 June 30, 2016 and March 31, 2016 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.