Overstated Capital of Philippine Banks as of September 30, 2016

On July 25, 2012, the Bangko Sentral ng Pilipinas (BSP) encouraged banks that continue to reflect unbooked losses or "deferred charges" on their balance sheets to charge those losses against retained earnings.  This implies that the BSP now considers that these banks have amassed so much in retained earnings that "they can now afford to absorb higher charges without impairing their capital and also without making their shareholders unhappy."

But can these banks do so? The answer is: yes but only for some banks.  As can be seen from the table below, seven banks have Deferred Charges as of September 30, 2016:

1. United Coconut Planters Bank (Deferred Charges of 21.91% of SE)
2. Bataan Development Bank (Deferred Charges of 9.54% of SE)
3. China Bank Savings Inc (Deferred Charges of 8.63% of SE)
4. City Savings Bank (Deferred Charges of 6.66% of SE)
5. Bank of Commerce (Deferred Charges of 0.92% of SE)
6. Wealth Development Bank Corporation (Deferred Charges of 0.47% of SE)
7. Card SME Bank, Inc. (Deferred Charges of 0.32% of SE)

It must be noted that three of these banks were ranked as  distressed (highlighted in yellow) as of June 30, 2016:

1. United Coconut Planters Bank (Distressed Ratio of 276.92%)
2. China Bank Savings Inc  (Distressed Ratio of 155.87%)
3. Bataan Development Bank (Distressed Ratio of 118.94%)

For more information on distressed banks, please see the previous blog post: "The Top Distressed Philippine Banks as of June 30, 2016.



Retained Earnings

Only four banks have sufficient Retained Earnings (RE) to absorb their unbooked losses as of September 30, 2016:

1. United Coconut Planters Bank (83.37% of RE)
2. Bataan Development Bank (55.16% of RE)
3. City Savings Bank (10.78% of RE)
4. CARD SME Bank (3.24% of RE)

Three of the banks with  Deferred Charges have negative Retained Earnings.  As such, they do not have the capacity to absorb additional losses.

1. Bank of Commerce (Retained Earnings of - Php 4.33 billion vs. Deferred Charges of Php 146.03 million).
2. Wealth Development Bank (Retained Earnings of - Php 52.41 million vs. Deferred Charges of Php 2.40 million).
3. China Bank Savings Inc (Retained Earnings of - PhP 871.25 million vs. Deferred Charges of Php 674.95 million).

Philippine Banking System
Deferred Charges Not Yet Written Down
Impact on Stockholder's Equity
In Php
September 30, 2016
Bank	Type of Bank	Deferred Charges	Unbooked Losses	Total Deferred Charges	Stockholder's Equity	Adjusted SE	Impact on SE
UNITED COCONUT PLANTERS BANK	U/KB	4,690,746,199.58	0.00	4,690,746,199.58	21,411,774,394.94	16,721,028,195.36	21.91%
BATAAN DEVELOPMENT BANK	Thrift	7,190,375.48	0.00	7,190,375.48	75,400,409.55	68,210,034.07	9.54%
CHINA BANK SAVINGS INC	Thrift	674,954,706.67	0.00	674,954,706.67	7,821,210,951.53	7,146,256,244.86	8.63%
CITY SAVINGS BANK	Thrift	641,593,281.08	0.00	641,593,281.08	9,627,879,435.92	8,986,286,154.84	6.66%
BANK OF COMMERCE	U/KB	146,034,777.74	0.00	146,034,777.74	15,874,738,964.29	15,728,704,186.55	0.92%
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	2,400,546.95	0.00	2,400,546.95	508,836,382.27	506,435,835.32	0.47%
CARD SME BANK INC A THRIFT BANK	Thrift	2,116,550.96	0.00	2,116,550.96	658,722,626.30	656,606,075.34	0.32%
Grand Total		6,165,036,438.46	0.00	6,165,036,438.46	55,978,563,164.80	49,813,526,726.34	11.01%
Philippine Banking System
Deferred Charges Not Yet Written Down
Impact on Retained Earnings
In Php
September 30, 2016
Bank	Total Deferred Charges	RE	Adjusted RE	Impact on RE
UNITED COCONUT PLANTERS BANK	4,690,746,199.58	5,626,472,007.92	935,725,808.34	83.37%
BATAAN DEVELOPMENT BANK	7,190,375.48	13,044,429.58	5,854,054.10	55.12%
CITY SAVINGS BANK	641,593,281.08	5,951,301,421.98	5,309,708,140.90	10.78%
CARD SME BANK INC A THRIFT BANK	2,116,550.96	65,367,414.66	63,250,863.70	3.24%
BANK OF COMMERCE	146,034,777.74	-4,325,126,240.64	-4,471,161,018.38	-3.38%
WEALTH DEVELOPMENT BANK CORPORATION	2,400,546.95	-52,406,700.35	-54,807,247.30	-4.58%
CHINA BANK SAVINGS INC	674,954,706.67	-871,254,528.45	-1,546,209,235.12	-77.47%
Grand Total	6,165,036,438.46	6,407,397,804.70	242,361,366.24	96.22%

The Capital Adequacy Ratio of Philippine Banks - September 30, 2016

A bank's Capital Adequacy Ratio is a measure of a bank's capital and financial strength.  It is expressed as a percentage of a bank's risk-weighted credit exposures.  It is also known as the "Capital to Risk Weighted Assets Ratio (CRAR).

There are several commonly used capital adequacy ratios.  These are:

Tier 1 Capital

Tier 1 CAR is the ratio of a bank's core or equity capital to its total risk-weighted assets.  It measures financial strength from a regulator's point of view. Tier 1 Capital measures the bank's ability to absorb losses without a bank being required to cease trading.


Tier 2 Capital

Tier 2 Capital is supplementary capital.  It measures the ability of a bank to absorb losses in the event of a winding up and so it provides a lesser degree of protection to depositors.
Common Equity Tier 1 Ratio

Investopedia defines the Common Equity Tier 1 Ratio as a capital adequacy ratio that: 

"...excludes any preferred shares or non-controlling interests when determining the calculation. This differs from the Tier 1 capital ratio which is based on the sum of its equity capital and disclosed reserves, and sometimes non-redeemable, non-cumulative preferred stock."

"...Regulators use the Tier 1 common capital ratio to grade a firm's capital adequacy as one of the following rankings: Well-Capitalized, Adequately Capitalized, Undercapitalized, Significantly Undercapitalized, and Critically Undercapitalized."

Well Capitalized: Common Equity Tier 1 Ratio of 6% or more and does not pay any dividends that would affect its capital base.

Adequately Capitalized: Common Equity Tier 1 Ratio of 4% or more.

Undercapitalized: Common Equity Tier 1 Ratio below 4%.

Significantly Undercapitalized: Common Equity Tier 1 Ratio below 3%.

Critically Undercapitalized: Common Equity Tier 1 Ratio below 2%.

Banks "ranked as Undercapitalized or below are prohibited from paying any dividends or management fees.  In addition, they are required to file a capital restoration plan."

For more information regarding this, please read the BIS Basel III definition of capital.


Risk Weighted Assets

Risk Weighted Assets are a bank's on balance sheet assets and off-balance sheet exposures, weighted according to risk.  Different classes of assets have different risk weightings.  For instance, cash on hand or a government bond has zero risk weighting and are subtracted from the total risk assets.  A loan would have a 100% risk weighthing - it would be counted towards the total risk assets of the bank.

More information about this can be found here.

Minimum Capital Requirements

International Guidelines

Basel III is the global requlatory standard on bank capital adequacy, stress testing, and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision.

Under Basel III, the minimum Common Equity Tier 1 Capital Ratio is 4.5%, Tier 1 Capital Ratio is 6.0%, conservation buffer is 2.5%, and the minimum Total CAR is 8.0%.

For more information on Basel III, read this.

BSP Guidelines

The BSP issued new BASEL III Implementing Guidelines that will take effect on January 1, 2014. Under the new guidelines:

"Banks must now meet specific minimum thresholds for so-called Common Equity Tier 1 (CET1) capital and Tier 1 (T1) capital in addition to the Capital Adequacy Ratio (CAR). These regulatory thresholds effectively move banks worldwide to rely more on core capital instruments like CET1 and T1 issues. This is in lieu of hybrid instruments which did not fare well in the latest global crisis as far as absorbing losses. The ability to absorb losses is central to Basel III.

The BSP maintained the minimum Capital Adequacy Ratio (CAR) at 10.0 percent. In addition to CAR, the new framework sets a CET1 ratio of at least 6.0 percent and the Tier I capital ratio is at a minimum of 7.5 percent. 

The new guidelines also introduce a capital conservation buffer of 2.5 percent which shall be made up of CET1 capital. In addition, banks which issued capital instruments from 2011 will be allowed to count these instruments as Basel III-eligible until end-2015

Moreover, banks that are considered by the BSP as "too big to fail" (domestically systemically important banks) will have minimum common equity Tier 1 (CET1) Ratios that are higher by 1.5% to 3.5% higher than the existing minimum of 6.00% and the capital conservation buffer of 2.5%.

Under these guidelines, several Philippine Banks currently do not meet these guidelines as of September 30, 2016.  The banks that fail to meet BSP's minimum capital requirements are as follows:

TOTAL CAR

1. Bataan Savings and Loan Bank (Total CAR of 0.00)
2. Microfinance Maximum SB Inc (Total CAR of 1.32)
3. Philippine Postal Savings Bank Inc (Total CAR of 5.41)
4. Mizuho Bank Ltd - Manila Branch (Total CAR of 8.77)
5. Luzon Development Bank (Total CAR of 9.01)

TIER ONE CAR

Eight banks reported Tier One CAR of 0.00 as of September 30, 2016.  Of those that did report Tier One CAR greater than 0.00, eight have less than the BSP-recommended Tier One CARs of 10.00.  These banks are: 

1. Microfinance Maximum SB Inc (Tier One CAR of 1.40)
2. CARD SME Bank Inc (Tier One CAR of 4.82)
3. Philippine Postal Savings Bank Inc (Tier One CAR of 4.85)
4. Mizuho Bank Ltd - Manila Branch (Tier One CAR of 7.82)
5. Luzon Development Bank (Tier One CAR of 8.33)
6. Sterling Bank of Asia Inc (Tier One CAR of 8.43)
7. The Palawan Bank Inc (Tier One CAR of 9.70)
8. Wealth Development Bank Corporation (Tier One CAR of 9.89)

COMMON EQUITY TIER ONE CAR

As stated above, the BSP's reporting guidelines on the Common Equity Tier One CAR (CET1) only took effect as of January 1, 2014.  Banks only started reporting this ratio in their Published Statements of Condition for June 30, 2014.  Fifty-five banks reported their CET1 Ratio as 0.00 for September 30, 2016.

However, those banks that did report a CET1 Ratio other than 0.00, one bank reported CET1 Ratios below BSP's recommended ratio:

1. Mizuho Bank Ltd (CET1 Ratio of 7.82)

The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of September 30, 2016 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):

Philippine Banking System
TOTAL CAR
September 30, 2016
Bank	Type of Bank	Total CAR
BATAAN SAVINGS AND LOAN BANK	Thrift	0.00
MICROFINANCE MAXIMUM SB INC	Thrift	1.32
PHIL POSTAL SAVINGS BANK INC	Thrift	5.41
MIZUHO BANK LTD - MANILA BRANCH	U/KB	8.77
LUZON DEVELOPMENT BANK	Thrift	9.01
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift	10.30
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	Thrift	10.63
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	10.63
UNITED COCONUT PLANTERS BANK	U/KB	10.65
EQUICOM SAVINGS BANK INC	Thrift	10.87
THE PALAWAN BANK (PALAWAN DB) INC	Thrift	10.91
CHINA BANK SAVINGS INC	Thrift	11.11
BDO UNIBANK INC	U/KB	11.89
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift	12.18
LAND BANK OF THE  PHILIPPINES	U/KB	12.26
BANK OF THE PHIL ISLANDS	U/KB	12.90
PHIL NATIONAL BANK	U/KB	13.05
RCBC SAVINGS BANK INC	Thrift	13.44
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	U/KB	13.47
CITY SAVINGS BANK INC	Thrift	13.77
STANDARD CHARTERED BANK	U/KB	13.85
EAST WEST BANKING CORP	U/KB	13.95
BANK OF CHINA LIMITED	U/KB	13.99
CHINA BANKING CORP	U/KB	14.19
WORLD PARTNERS BANK (A THRIFT BANK)	Thrift	14.32
BPI FAMILY SAVINGS BANK INC	Thrift	14.49
VILLAGE BANK INC (A THRIFT BANK)	Thrift	14.50
MAYBANK PHILIPPINES INC	U/KB	14.57
PHIL SAVINGS BANK	Thrift	15.00
PHIL BANK OF COMMUNICATIONS	U/KB	15.13
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift	15.57
PHILIPPINE VETERANS BANK	U/KB	15.86
DEVELOPMENT BANK OF THE PHIL	U/KB	16.27
METROPOLITAN BANK & TRUST CO	U/KB	16.44
CITYSTATE SAVINGS BANK INC	Thrift	16.53
UCPB SAVINGS BANK	Thrift	16.84
BATAAN DEVELOPMENT BANK	Thrift	16.96
PRODUCERS SAVINGS BANK CORPORATION	Thrift	17.04
UNION BANK OF THE PHILS	U/KB	17.11
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift	17.28
RIZAL COMM'L BANKING CORP	U/KB	17.31
FARMERS SAVINGS & LOAN BANK INC	Thrift	17.62
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift	17.66
KEB HANA BANK - MANILA BRANCH	U/KB	17.76
ANZ BANKING GROUP LTD	U/KB	17.89
BANGKO KABAYAN INC	Thrift	17.98
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift	18.35
MEGA INT'L COMM'L BANK CO LTD	U/KB	18.39
HONGKONG & SHANGHAI BANKING CORP	U/KB	18.48
HIYAS BANKING CORPORATION	Thrift	18.65
BANK OF COMMERCE	U/KB	18.93
BDO PRIVATE BANK, INC.	U/KB	19.21
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift	19.28
ASIA UNITED BANK CORPORATION	U/KB	19.34
CITIBANK, N.A.	U/KB	19.60
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift	19.98
SECURITY BANK CORP	U/KB	20.30
CARD SME BANK INC A THRIFT BANK	Thrift	21.47
CTBC BANK (PHILIPPINES) CORP	U/KB	21.54
DEUTSCHE BANK AG	U/KB	22.31
MARITIME SAVINGS BANK CORPORATION	Thrift	24.04
METRO CEBU PUBLIC SAVINGS BANK	Thrift	24.10
BUSINESS AND CONSUMERS BANK (A DB)	Thrift	24.31
DUMAGUETE CITY DEV BANK INC	Thrift	25.06
SUN SAVINGS BANK INC	Thrift	25.46
LIFE SAVINGS BANK INC	Thrift	25.48
INTER-ASIA DEVELOPMENT BANK	Thrift	25.60
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift	26.92
LEGAZPI SAVINGS BANK INC	Thrift	29.05
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	29.13
BANGKOK BANK PUBLIC CO LTD	U/KB	29.20
HSBC SAVINGS BANK PHILIPPINES	Thrift	30.40
PAMPANGA DEVELOPMENT BANK	Thrift	30.99
UNIVERSITY SAVINGS BANK INC	Thrift	32.27
ROBINSONS BANK CORPORATION	U/KB	32.52
TOWER DEVELOPMENT BANK	Thrift	33.33
BPI DIRECT SAVINGS BANK INC	Thrift	33.60
LEMERY SAVINGS & LOAN BANK, INC.	Thrift	36.03
PNB SAVINGS BANK	Thrift	37.21
CORDILLERA SAVINGS BANK INC	Thrift	37.62
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift	38.22
MALASIQUI PROGRESSIVE SLB, INC	Thrift	41.75
BANK OF AMERICA N.A.	U/KB	41.92
NORTHPOINT DEV'T BANK INC	Thrift	42.33
PHIL TRUST COMPANY	U/KB	44.72
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	Thrift	45.60
PHIL STAR DEVELOPMENT BANK INC	Thrift	50.39
OPTIMUM DEVELOPMENT BANK INC	Thrift	50.95
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	55.22
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift	57.34
PACIFIC ACE SAVINGS BANK INC	Thrift	59.16
BANK ONE SAVINGS AND TRUST CORP.	Thrift	67.41
ING BANK N.V.	U/KB	70.09
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift	71.54
CENTURY SAVINGS BANK CORPORATION	Thrift	86.23
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	94.85
SHINHAN BANK - MANILA BRANCH	U/KB	165.43
ISLA BANK(A THRIFT BANK) INC	Thrift	175.95
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	243.63
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	249.98
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	314.28
BPI GLOBE BANKO INC	Thrift	NA
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift	NA
SAMPAGUITA SAVINGS BANK INC	Thrift	NA
TONGYANG SAVINGS BANK INC	Thrift	NA

Philippine Banking System
Tier One CAR
September 30, 2016
Bank	Type of Bank	Tier One CAR
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift	0.00
BATAAN SAVINGS AND LOAN BANK	Thrift	0.00
BUSINESS AND CONSUMERS BANK (A DB)	Thrift	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift	0.00
EQUICOM SAVINGS BANK INC	Thrift	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift	0.00
OPTIMUM DEVELOPMENT BANK INC	Thrift	0.00
MICROFINANCE MAXIMUM SB INC	Thrift	1.40
CARD SME BANK INC A THRIFT BANK	Thrift	4.82
PHIL POSTAL SAVINGS BANK INC	Thrift	4.85
MIZUHO BANK LTD - MANILA BRANCH	U/KB	7.82
LUZON DEVELOPMENT BANK	Thrift	8.33
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift	8.43
THE PALAWAN BANK (PALAWAN DB) INC	Thrift	9.70
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	9.89
CHINA BANK SAVINGS INC	Thrift	10.08
BDO UNIBANK INC	U/KB	10.34
UNITED COCONUT PLANTERS BANK	U/KB	10.65
EAST WEST BANKING CORP	U/KB	10.84
LAND BANK OF THE  PHILIPPINES	U/KB	11.38
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift	11.82
PHIL BANK OF COMMUNICATIONS	U/KB	11.88
PHIL SAVINGS BANK	Thrift	11.96
BANK OF THE PHIL ISLANDS	U/KB	12.02
DEVELOPMENT BANK OF THE PHIL	U/KB	12.10
PHIL NATIONAL BANK	U/KB	12.16
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	U/KB	12.66
RCBC SAVINGS BANK INC	Thrift	12.71
CITY SAVINGS BANK INC	Thrift	12.95
BANK OF CHINA LIMITED	U/KB	13.16
METROPOLITAN BANK & TRUST CO	U/KB	13.18
STANDARD CHARTERED BANK	U/KB	13.25
CHINA BANKING CORP	U/KB	13.27
RIZAL COMM'L BANKING CORP	U/KB	13.27
MAYBANK PHILIPPINES INC	U/KB	13.51
BPI FAMILY SAVINGS BANK INC	Thrift	13.62
UNION BANK OF THE PHILS	U/KB	13.62
WORLD PARTNERS BANK (A THRIFT BANK)	Thrift	14.00
VILLAGE BANK INC (A THRIFT BANK)	Thrift	14.09
ASIA UNITED BANK CORPORATION	U/KB	14.65
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift	15.02
PHILIPPINE VETERANS BANK	U/KB	15.43
CITYSTATE SAVINGS BANK INC	Thrift	15.92
UCPB SAVINGS BANK	Thrift	16.07
UNIVERSITY SAVINGS BANK INC	Thrift	16.13
PRODUCERS SAVINGS BANK CORPORATION	Thrift	16.48
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift	16.59
FARMERS SAVINGS & LOAN BANK INC	Thrift	16.96
BANGKO KABAYAN INC	Thrift	17.29
KEB HANA BANK - MANILA BRANCH	U/KB	17.41
MEGA INT'L COMM'L BANK CO LTD	U/KB	17.43
ANZ BANKING GROUP LTD	U/KB	17.57
SECURITY BANK CORP	U/KB	17.69
HONGKONG & SHANGHAI BANKING CORP	U/KB	17.87
HIYAS BANKING CORPORATION	Thrift	18.30
BANK OF COMMERCE	U/KB	18.31
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift	18.43
BDO PRIVATE BANK, INC.	U/KB	18.59
BATAAN DEVELOPMENT BANK	Thrift	18.68
CITIBANK, N.A.	U/KB	18.85
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift	19.47
CTBC BANK (PHILIPPINES) CORP	U/KB	20.70
DEUTSCHE BANK AG	U/KB	21.79
METRO CEBU PUBLIC SAVINGS BANK	Thrift	23.82
SUN SAVINGS BANK INC	Thrift	24.43
DUMAGUETE CITY DEV BANK INC	Thrift	24.70
LIFE SAVINGS BANK INC	Thrift	25.33
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift	26.05
BANGKOK BANK PUBLIC CO LTD	U/KB	28.22
LEGAZPI SAVINGS BANK INC	Thrift	28.30
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	28.93
HSBC SAVINGS BANK PHILIPPINES	Thrift	29.72
ROBINSONS BANK CORPORATION	U/KB	31.76
BPI DIRECT SAVINGS BANK INC	Thrift	32.82
LEMERY SAVINGS & LOAN BANK, INC.	Thrift	35.79
PNB SAVINGS BANK	Thrift	36.30
CORDILLERA SAVINGS BANK INC	Thrift	37.07
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift	37.84
BANK OF AMERICA N.A.	U/KB	41.39
MALASIQUI PROGRESSIVE SLB, INC	Thrift	41.75
NORTHPOINT DEV'T BANK INC	Thrift	42.11
PHIL TRUST COMPANY	U/KB	44.40
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	Thrift	45.16
PHIL STAR DEVELOPMENT BANK INC	Thrift	50.31
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	Thrift	50.99
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	55.22
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift	58.58
PACIFIC ACE SAVINGS BANK INC	Thrift	59.13
BANK ONE SAVINGS AND TRUST CORP.	Thrift	66.69
ING BANK N.V.	U/KB	69.71
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift	71.54
CENTURY SAVINGS BANK CORPORATION	Thrift	85.28
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	94.39
TOWER DEVELOPMENT BANK	Thrift	120.51
PAMPANGA DEVELOPMENT BANK	Thrift	129.26
SHINHAN BANK - MANILA BRANCH	U/KB	165.08
ISLA BANK(A THRIFT BANK) INC	Thrift	175.66
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	214.46
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	249.28
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	313.08
BPI GLOBE BANKO INC	Thrift	NA
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift	NA
SAMPAGUITA SAVINGS BANK INC	Thrift	NA
TONGYANG SAVINGS BANK INC	Thrift	NA

Philippine Banking System
Common Tier 1 Ratio
September 30, 2016
Bank	Type of Bank	Common Tier 1 Ratio
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift	0.00
BANGKO KABAYAN INC	Thrift	0.00
BANK OF AMERICA N.A.	U/KB	0.00
BANK OF CHINA LIMITED	U/KB	0.00
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift	0.00
BANK ONE SAVINGS AND TRUST CORP.	Thrift	0.00
BATAAN DEVELOPMENT BANK	Thrift	0.00
BATAAN SAVINGS AND LOAN BANK	Thrift	0.00
BUSINESS AND CONSUMERS BANK (A DB)	Thrift	0.00
CARD SME BANK INC A THRIFT BANK	Thrift	0.00
CENTURY SAVINGS BANK CORPORATION	Thrift	0.00
CITYSTATE SAVINGS BANK INC	Thrift	0.00
CORDILLERA SAVINGS BANK INC	Thrift	0.00
DUMAGUETE CITY DEV BANK INC	Thrift	0.00
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	Thrift	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift	0.00
EQUICOM SAVINGS BANK INC	Thrift	0.00
FARMERS SAVINGS & LOAN BANK INC	Thrift	0.00
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift	0.00
HIYAS BANKING CORPORATION	Thrift	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift	0.00
ISLA BANK(A THRIFT BANK) INC	Thrift	0.00
LEMERY SAVINGS & LOAN BANK, INC.	Thrift	0.00
LIFE SAVINGS BANK INC	Thrift	0.00
LUZON DEVELOPMENT BANK	Thrift	0.00
MALASIQUI PROGRESSIVE SLB, INC	Thrift	0.00
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift	0.00
METRO CEBU PUBLIC SAVINGS BANK	Thrift	0.00
MICROFINANCE MAXIMUM SB INC	Thrift	0.00
NORTHPOINT DEV'T BANK INC	Thrift	0.00
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	Thrift	0.00
OPTIMUM DEVELOPMENT BANK INC	Thrift	0.00
PACIFIC ACE SAVINGS BANK INC	Thrift	0.00
PAMPANGA DEVELOPMENT BANK	Thrift	0.00
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift	0.00
PHIL POSTAL SAVINGS BANK INC	Thrift	0.00
PHIL STAR DEVELOPMENT BANK INC	Thrift	0.00
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift	0.00
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift	0.00
PRODUCERS SAVINGS BANK CORPORATION	Thrift	0.00
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift	0.00
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift	0.00
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift	0.00
SUN SAVINGS BANK INC	Thrift	0.00
THE PALAWAN BANK (PALAWAN DB) INC	Thrift	0.00
TOWER DEVELOPMENT BANK	Thrift	0.00
UCPB SAVINGS BANK	Thrift	0.00
UNITED COCONUT PLANTERS BANK	U/KB	0.00
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	0.00
UNIVERSITY SAVINGS BANK INC	Thrift	0.00
VILLAGE BANK INC (A THRIFT BANK)	Thrift	0.00
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	0.00
WORLD PARTNERS BANK (A THRIFT BANK)	Thrift	0.00
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift	0.00
MIZUHO BANK LTD - MANILA BRANCH	U/KB	7.82
BDO UNIBANK INC	U/KB	10.01
CHINA BANK SAVINGS INC	Thrift	10.08
EAST WEST BANKING CORP	U/KB	10.84
LAND BANK OF THE  PHILIPPINES	U/KB	11.38
PHIL BANK OF COMMUNICATIONS	U/KB	11.88
PHIL SAVINGS BANK	Thrift	11.96
BANK OF THE PHIL ISLANDS	U/KB	12.02
DEVELOPMENT BANK OF THE PHIL	U/KB	12.10
PHIL NATIONAL BANK	U/KB	12.16
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	U/KB	12.66
RCBC SAVINGS BANK INC	Thrift	12.71
CITY SAVINGS BANK INC	Thrift	12.95
METROPOLITAN BANK & TRUST CO	U/KB	13.18
STANDARD CHARTERED BANK	U/KB	13.25
CHINA BANKING CORP	U/KB	13.27
RIZAL COMM'L BANKING CORP	U/KB	13.27
MAYBANK PHILIPPINES INC	U/KB	13.51
BPI FAMILY SAVINGS BANK INC	Thrift	13.62
UNION BANK OF THE PHILS	U/KB	13.62
PHILIPPINE VETERANS BANK	U/KB	13.79
BDO PRIVATE BANK, INC.	U/KB	14.42
ASIA UNITED BANK CORPORATION	U/KB	14.65
KEB HANA BANK - MANILA BRANCH	U/KB	17.41
MEGA INT'L COMM'L BANK CO LTD	U/KB	17.43
ANZ BANKING GROUP LTD	U/KB	17.57
SECURITY BANK CORP	U/KB	17.69
HONGKONG & SHANGHAI BANKING CORP	U/KB	17.87
BANK OF COMMERCE	U/KB	18.31
CITIBANK, N.A.	U/KB	18.85
CTBC BANK (PHILIPPINES) CORP	U/KB	20.70
DEUTSCHE BANK AG	U/KB	21.79
BANGKOK BANK PUBLIC CO LTD	U/KB	28.22
LEGAZPI SAVINGS BANK INC	Thrift	28.30
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	28.93
HSBC SAVINGS BANK PHILIPPINES	Thrift	29.72
ROBINSONS BANK CORPORATION	U/KB	31.76
BPI DIRECT SAVINGS BANK INC	Thrift	32.82
PNB SAVINGS BANK	Thrift	36.29
PHIL TRUST COMPANY	U/KB	44.40
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	55.22
ING BANK N.V.	U/KB	69.71
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	94.39
SHINHAN BANK - MANILA BRANCH	U/KB	165.08
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	214.46
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	313.08
BPI GLOBE BANKO INC	Thrift	NA
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift	NA
SAMPAGUITA SAVINGS BANK INC	Thrift	NA
TONGYANG SAVINGS BANK INC	Thrift	NA

Source: www.bsp.gov.ph